Finance

Finance

#IMF
IMF sharply ups 2021 growth outlook for S. Korea to 3.6 pct
By Kim Soo-yeon SEOUL, March 26 (Yonhap) -- The International Monetary Fund (IMF) on Friday sharply raised its growth outlook for South Korea this year, citing robust exports and the country's fis... 06:00 Mar. 26
#extra budget
(2nd LD) National Assembly approves 15 tln-won extra budget to fight aftermath of COVID-19 related article
(ATTN: UPDATES with details of Cabinet approval in paras 9-10) SEOUL, March 25 (Yonhap) -- The National Assembly on Thursday approved an extra budget worth nearly 15 trillion-won (US$13.2 billion) ... 17:14 Mar. 25
#extra budget
(LEAD) National Assembly approves 15 tln-won extra budget to fight aftermath of COVID-19 related article
(ATTN: UPDATES with more details from 5th para; REPLACES photo) SEOUL, March 25 (Yonhap) -- The National Assembly on Thursday approved an extra budget worth nearly 15 trillion-won (US$13.2 billion)... 10:00 Mar. 25
#extra budget
National Assembly approves 15 tln-won extra budget to fight aftermath of COVID-19
SEOUL, March 25 (Yonhap) -- The National Assembly on Thursday approved an extra budget worth 15 trillion-won (US$13.2 billion) to help prop up small merchants and the vulnerable hit hard by the yea... 08:56 Mar. 25
#Moody's Investors Service
S. Korea to hold annual meetings with Moody's this week
SEOUL, March 24 (Yonhap) -- South Korea will hold its annual consultation meetings with global rating agency Moody's Investors Service this week over the country's economic conditions, Seoul's fina... 14:39 Mar. 24
#bond yield
S. Korea to take 'timely' actions to stabilize bond market if necessary: official
SEOUL, March 23 (Yonhap) -- South Korea will take actions to stabilize the bond market in a timely manner if market volatility increases amid concerns over rising U.S. bond yields, a senior governm... 08:55 Mar. 23
#EDCF
S. Korea, IDB agree to expand loan program for Latin America
SEOUL, March 19 (Yonhap) -- South Korea said Friday it has agreed to expand a joint loan facility program with the Inter-American Development Bank (IDB) in a bid to support infrastructure developme... 10:48 Mar. 19
#allies
Finance ministers of S. Korea, U.S. discuss ways for cooperation amid pandemic
SEOUL, March 17 (Yonhap) -- Top economic policymakers of South Korea and the United States held phone talks Tuesday to discuss ways to promote economic and financial cooperation amid the pandemic, ... 11:00 Mar. 17
#stocks-open
Seoul stocks open higher as U.S. Treasury yields fall
SEOUL, March 16 (Yonhap) -- South Korean stocks opened higher Tuesday, tracking overnight advances on Wall Street amid falling Treasury yields. The benchmark Korea Composite Stock Price Index (K... 09:23 Mar. 16
Market value of cryptocurrencies in S. Korea spikes tenfold over 3 years
SEOUL, March 16 (Yonhap) -- The market value of cryptocurrencies in South Korea has shot up nearly 10 times over the past three years amid keen investor interest, industry sources said Tuesday. ... 08:56 Mar. 16
#overseas direct investment
Overseas direct investment logs 1st fall in 6 years in 2020 amid pandemic
SEOUL, March 15 (Yonhap) -- South Korea's overseas direct investment declined for the first time in six years last year as the pandemic dealt a blow to global investment, data showed Monday. The... 15:12 Mar. 15
#delinquent taxpayers
(LEAD) Delinquent taxpayers hide 37 bln won of assets in cryptocurrencies: tax agency
(ATTN: UPDATES with more info in paras 3, 7) SEOUL, March 15 (Yonhap) -- South Korea's tax agency said Monday that more than 2,400 delinquent taxpayers have stashed away 36.6 billion won (US$32.2 m... 14:21 Mar. 15
#delinquent taxpayers
Delinquent taxpayers hide 37 bln won of assets in cryptocurrencies: tax agency
SEOUL, March 15 (Yonhap) -- South Korea's tax agency said Monday that more than 2,400 delinquent taxpayers have stashed away 36.6 billion won (US$32.2 million) in bitcoin and other cryptocurrencies... 12:00 Mar. 15
#financial markets
(LEAD) S. Korea to focus on stabilizing markets amid rising U.S. bond yields
(ATTN: UPDATES with more info in paras 2-5, 12-14) SEOUL, March 15 (Yonhap) -- South Korea said Monday it will pump up efforts to smooth out volatility of the foreign exchange market and flows of f... 11:00 Mar. 15
#financial markets
S. Korea to focus on stabilizing markets amid rising U.S. bond yields
SEOUL, March 15 (Yonhap) -- South Korea said Monday it will pump up efforts to smooth out volatility of the foreign exchange market and flows of foreign capital as rising U.S. bond yields could inc... 10:00 Mar. 15
Woori Card issues US$200 mln worth of ESG bonds in Taiwan
SEOUL, March 12 (Yonhap) -- Major South Korean card issuer Woori Card Co. said Friday it has floated US$200 million worth of environment, social and governance (ESG) bonds in Taiwan to help support... 10:10 Mar. 12
#consumer inflation
S. Korea's consumer price growth likely to pick up in Q2: official
SEOUL, March 12 (Yonhap) -- South Korea's vice finance minister said Friday that the growth of the country's consumer prices is likely to temporarily pick up in the second quarter, affected by hike... 09:43 Mar. 12
#BOK
BOK purchases 2 tln won worth of state bonds
SEOUL, March 9 (Yonhap) -- The Bank of Korea (BOK) on Tuesday purchased 2 trillion won (US$1.76 billion) worth of government bonds as part of its market-stabilizing efforts amid the coronavirus cri... 21:07 Mar. 09
#OECD
OECD revises up its 2021 growth outlook for S. Korean economy to 3.3 pct related article
SEOUL, March 9 (Yonhap) -- The Organization for Economic Cooperation and Development (OECD) on Tuesday revised up its 2021 growth outlook for the South Korean economy as the country's exports remai... 19:00 Mar. 09
#bond sales
Bond issuance soars in Feb.
SEOUL, March 9 (Yonhap) -- Bond issuance in South Korea rose by more than 11 trillion won in February from the previous month due mainly to increased state and corporate debt sales, industry data s... 14:01 Mar. 09