SEOUL, Dec. 17 (Yonhap) -- The following are the key economic policy measures planned for next year. The measures are aimed at boosting the economic recovery momentum and preparing for long-term gr...
14:00 Dec. 17
By Kim Soo-yeon
SEOUL, Dec. 17 (Yonhap) -- South Korea plans to implement its economic policy next year to maintain economic recovery momentum and prepare for a post-pandemic era, the finance minis...
14:00 Dec. 17
SEOUL, Dec. 17 (Yonhap) -- The income gap between the haves and have-nots in South Korean narrowed to a fresh record low in 2019, as the bottom 20 percent income bracket saw their income rise due t...
12:00 Dec. 17
(UPDATES with additional information, minor edits throughout)
By Byun Duk-kun
WASHINGTON, Dec. 16 (Yonhap) -- The United States on Wednesday welcomed steps taken by South Korea to increase the tran...
00:56 Dec. 17
By Byun Duk-kun
WASHINGTON, Dec. 16 (Yonhap) -- The United States on Wednesday welcomed steps taken by South Korea to increase the transparency of its foreign exchange intervention.
It also said...
23:39 Dec. 16
SEOUL, Dec. 15 (Yonhap) -- South Korean companies' earnings declined by the most in 11 years in 2019, as the manufacturing sector remained sluggish amid the global economic slowdown, data showed Tu...
12:00 Dec. 15
(ATTN: ADDS stock prices at bottom)
SEOUL, Dec. 14 (Yonhap) -- Asiana Airlines Inc. said Monday it will cut its capital base to improve its financial status amid the COVID-19 pandemic.
Sharehold...
16:13 Dec. 14
SEOUL, Dec. 14 (Yonhap) -- Asiana Airlines Inc. said Monday it will cut its capital base to improve its financial status amid the COVID-19 pandemic.
Shareholders approved a 3:1 capital reduction p...
11:16 Dec. 14
(ATTN: ADDS more details from 7th para)
SEOUL, Dec. 11 (Yonhap) -- South Korea plans to sell state bonds worth 176.4 trillion won (US$161.8 billion) next year, the finance ministry said Friday, as ...
17:18 Dec. 11
SEOUL, Dec. 11 (Yonhap) -- South Korea plans to sell state bonds worth 176.4 trillion won (US$161.8 billion) next year, the finance ministry said Friday, as the country will increase fiscal spending...
17:00 Dec. 11
SEOUL, Dec. 10 (Yonhap) -- South Korea will inject 32.1 billion won (US$29 million) into the virus-hit budget carrier Jeju Air Co. to help it stay afloat amid the prolonged COVID-19 pandemic, a sta...
16:58 Dec. 10
SEOUL, Dec. 10 (Yonhap) -- Bond sales in South Korea inched up in November from the previous month amid rising interest rates, data showed Thursday.
The value of bonds issued in the country came...
14:04 Dec. 10
SEOUL, Dec. 10 (Yonhap) -- The Asian Development Bank (ADB) on Thursday revised up the economic outlook for the South Korean economy this year, citing robust exports of tech products and a mild rec...
10:30 Dec. 10
SEOUL, Dec. 9 (Yonhap) -- South Korea's vice finance minister warned Wednesday against potential excessive overheating in stock and property markets, saying that asset prices could spike amid ample...
10:47 Dec. 09
SEOUL, Dec. 8 (Yonhap) -- The finance ministry said Tuesday it has allocated 72.4 percent of state fiscal spending to be implemented during the first half of next year in an effort to cope with the...
09:12 Dec. 08
SEOUL, Dec. 7 (Yonhap) -- South Korea's economic recovery momentum is slowing down due largely to a resurgence in new coronavirus cases, despite improving exports, a state-run think tank said Monda...
12:00 Dec. 07
SEOUL, Dec. 5 (Yonhap) -- The head of South Korea's US$157 billion sovereign wealth fund left for Singapore Saturday for talks with his Singaporean counterpart and other officials.
Choi Hee-nam,...
22:30 Dec. 05
SEOUL, Dec. 3 (Yonhap) -- The South Korean economy is expected to contract around 1 percent this year, bracing for the fallout of the new coronavirus outbreak, the finance minister said Thursday.
...
14:47 Dec. 03
SEOUL, Dec. 3 (Yonhap) -- Major banks in South Korea saw their "jeonse" home rental loans increase at a record pace this year amid soaring jeonse rates, industry data showed Thursday.
Outstandin...
09:08 Dec. 03
SEOUL, Dec. 2 (Yonhap) -- South Korean depository institutions' loans to self-employed people and companies grew at a much slower pace in the third quarter than three months earlier on improving bu...
14:26 Dec. 02