Economy

Economy

(EDITORIAL from Korea JoongAng Daily on June 3)
More harm than good The ruling Democratic Party (DP) is trying to give another round of disaster relief to all. On Tuesday, Rep. Yoon Ho-joong, DP floor leader, stressed the need to draw up and pa... 07:06 Jun. 03
(EDITORIAL from Korea Times on June 3)
High cost of policy blunders Time to reconsider nuclear reactor phase-out The Moon Jae-in administration has decided to use a state fund to compensate for losses arising from the shutdown or opera... 07:05 Jun. 03
(EDITORIAL from Korea Herald on June 3)
Addicted to spending Ruling party's push for another supplementary budget deepens concerns over fiscal soundness The ruling Democratic Party of Korea is pushing to pass yet another supplementary b... 07:04 Jun. 03
#FX reserves-May
FX reserves hit record high in May on weaker dollar
SEOUL, June 3 (Yonhap) -- South Korea's foreign reserves rose to a record high in May as the U.S. dollar's weakness improved the value of non-dollar assets, central bank data showed Thursday. Th... 06:00 Jun. 03
#news summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Wednesday. ----------------- (LEAD) Gov't to expand in-person classes this month amid concerns about educatio... 17:00 Jun. 02
#Moon Jae-in
(2nd LD) Potential pardon for Samsung scion discussed in Moon's meeting with biz leaders: Cheong Wa Dae
(ATTN: CHANGES headline; UPDATES with remarks on Samsung chief pardon issue) SEOUL, June 2 (Yonhap) -- President Moon Jae-in talked about whether to grant Lee Jae-yong, the de-facto head of Samsung... 16:57 Jun. 02
#companies-vaccine leave
Companies increasingly adopt 'vaccine leave' amid accelerating inoculation drive
By Choi Kyong-ae SEOUL, June 2 (Yonhap) -- Samsung Electronics Co., Hyundai Motor Co. and other major South Korean companies are increasingly adopting "paid vaccine leave" for their employees as th... 15:25 Jun. 02
#Moon Jae-in
(LEAD) Moon meets Samsung, SK, Hyundai, LG leaders over his U.S. trip results
(ATTN: CHANGES headline; UPDATES with Moon's remarks; CHANGES photo) SEOUL, June 2 (Yonhap) -- President Moon Jae-in had a luncheon meeting Wednesday with the leaders of South Korea's four major co... 14:34 Jun. 02
#corporate loans
Corporate loan growth accelerates in Q1 amid pandemic
SEOUL, June 2 (Yonhap) -- Loans extended to companies in South Korea grew by the largest amount in three quarters in the first quarter of the year as loan demand by the service sector increased ami... 12:00 Jun. 02
#bad loans
Banks' bad loan ratio hits record low in Q1
SEOUL, June 2 (Yonhap) -- The nonperforming loan ratio at South Korean banks declined to a record low in the first quarter due to a drop in overdue corporate loans, data showed Wednesday. The ra... 12:00 Jun. 02
#Hyundai Glovis-EV services
SsangYong Motor offers unpaid leave, wage cut to employees in self-rescue efforts: sources
SEOUL, June 2 (Yonhap) -- Financially troubled SsangYong Motor Co. has offered unpaid leave and a wage cut to its employees in its efforts to stay afloat, industry sources said Wednesday. Ssang... 10:23 Jun. 02
#Hyundai Glovis-EV services
Hyundai Glovis to strengthen EV-carrying services
SEOUL, June 2 (Yonhap) -- Hyundai Glovis, a logistics unit of Hyundai Motor Group, said Wednesday it will strengthen electric vehicle-carrying services due to growing market demand for EV models. ... 09:49 Jun. 02
#consumer prices
(2nd LD) Consumer price growth hits over 9-year high in May
(ATTN: UPDATES with more details in paras 7, 10, 18-20) By Kim Soo-yeon SEOUL, June 2 (Yonhap) -- South Korea's consumer prices grew at the fastest pace in more than nine years in May on higher pri... 09:49 Jun. 02
#consumer prices
(LEAD) Consumer price growth hits over 9-year high in May
(ATTN: UPDATES with more details in paras 6, 10-22; ADDS photo) By Kim Soo-yeon SEOUL, June 2 (Yonhap) -- South Korea's consumer prices grew at the fastest pace in more than nine years in May on hi... 08:56 Jun. 02
S. Korean investors' Tesla buying hits 1-year low in May
SEOUL, June 2 (Yonhap) -- South Korean investors' purchase of shares in electric vehicle leader Tesla Inc. hit a one-year low in May amid a drop in its price, data showed Wednesday. Domestic inv... 08:38 Jun. 02
#Moon Jae-in
Moon to meet Samsung, SK, Hyundai, LG leaders over lunch
SEOUL, June 2 (Yonhap) -- President Moon Jae-in plans to hold a luncheon meeting Wednesday with the leaders of South Korea's four major conglomerates -- SK, Hyundai, LG and Samsung. It is unprec... 08:34 Jun. 02
#consumer prices
Consumer price growth hits over 9-year high in May
By Kim Soo-yeon SEOUL, June 2 (Yonhap) -- South Korea's consumer prices grew at the fastest pace in more than nine years in May on higher prices of farm and oil products, data showed Wednesday, und... 08:09 Jun. 02
#consumer prices
(URGENT) Consumer price grows 2.6 pct on-year in May, fastest in over 9 years
08:00 Jun. 02
#carmakers-May sales
Auto sales rise 41 pct on robust overseas demand
By Choi Kyong-ae SEOUL, June 1 (Yonhap) -- South Korean carmakers' sales rose 41 percent last month from a year earlier on strong overseas demand amid a quicker-than-expected recovery from the COVI... 17:29 Jun. 01
#Hyundai Motor-May sales
Hyundai's May sales jump 43 pct on strong overseas demand
SEOUL, June 1 (Yonhap) -- Hyundai Motor Co. said Tuesday its sales jumped 43 percent last month from a year earlier on strong overseas demand for its models despite the COVID-19 pandemic. The c... 15:58 Jun. 01