KoreaTimes - Economy

Entertainment & Arts

Qatar 2022

SCMP
Asia

Entertainment & Arts

Qatar 2022

SCMP
Asia

Finance

Economy

Thu, December 1, 2022 | 19:43

Plunging exports, widening trade deficit bode ill for Korean economy

Plunging exports, widening trade deficit bode ill for Korean economy

The Korean economy is losing steam fast, with its twin engines ― exports and domestic demand ― falling at the same time. In particular, plunging exports and the widening trade deficit are boding ill for the Korean economy, various data showed Thursday. According to the Ministry of Trade, Industry and Energy, exports in November reached $51.91 billion (67.5 trillion won), down...

Lee Min-hyung | 2022-12-01 16:56

Income gap widens in 2021 amid COVID-19 pandemic

Income gap widens in 2021 amid COVID-19 pandemic

The income gap between the haves and have-nots in Korea widened in 2021 amid the prolonged COVID-19 pandemic, data showed Thursday.

2022-12-01 14:16

Finance minister renews call for truckers to return to work

Finance minister renews call for truckers to return to work

Finance Minister Choo Kyung-ho on Thursday reiterated his call for local truckers to return to work, stressing that their strike is causing severe damage to the country's economy, already hurt by uncertainties.

2022-12-01 14:10

Korea's exports log steeper fall in November on weak chip demand

Korea's exports log steeper fall in November on weak chip demand

Korea's exports fell for the second consecutive month in November and the decline accelerated from the previous month due mainly to the dwindling global demand for semiconductors amid the economic slowdown, the trade ministry said Thursday.

2022-12-01 09:29

Korean economy grows 0.3% in Q3: BOK data

Korean economy grows 0.3% in Q3: BOK data

Korea's economy grew 0.3 percent in the third quarter of this year despite rising interest rates and weak exports, unchanged from an earlier estimate, central bank data showed Thursday.

2022-12-01 08:27

Korea's exports log steeper fall in November on weak chip demand

[CONTRIBUTION] Climate finance takes center stage at COP27

CONTRIBUTIONClimate finance takes center stage at COP27

The 27th U.N. Climate Change Conference (COP27) was held in Sharm el-Sheikh, Egypt, from Nov. 6 to 20. World leaders kickstarted the conference on an urgent and somber note. 2022 has shown that climate change can indeed pose an existential threat to humanity, as the year has been marked with several devastating and unprecedented floods, heat waves, droughts and storms. Making...

Anna J. Park | 2022-11-30 16:22

Industrial output falls by most in 30 months in October

Industrial output falls by most in 30 months in October

Korea's industrial output fell by the most in 30 months in October, data showed Wednesday, with retail sales also losing ground amid the prolonged economic uncertainties.

2022-11-30 08:16

Regulator exempts Musicow from punishment due to improved investors' protection

Regulator exempts Musicow from punishment due to improved investors' protection

South Korea's financial regulator said Tuesday that it will exempt Musicow Inc. from punishment as the music copyright trading platform has carried out all required steps to improve investors' protection.

2022-11-29 21:29

Is inverted yield curve harbinger of economic recession?

Is inverted yield curve harbinger of economic recession?

With the three-year treasury yield here surpassing that of the 10-year yield, concerns are rising that the economy is entering a phase of recession. According to data from the Korea Financial Investment Association, the three-year treasury yield came in at 3.669 percent on Monday, up 0.025 percentage point from a day earlier. But the 10-year yield reached 3.606 percent, down ...

Lee Min-hyung | 2022-11-29 16:56

Banks' household lending rate hits over 10 year high in Oct.

Banks' household lending rate hits over 10 year high in Oct.

Banks' household loan rate rose to the highest level in more than a decade in October as the Bank of Korea (BOK) has hiked interest rates to tame inflation, central bank data showed Tuesday.

2022-11-29 13:48

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	PHOTOSWorld Cup 2022 England vs Wales

2	Unionized Seoul Metro workers go on strike calling for safety

3	INTERVIEW34-year-old permaculture farmer runs zero-waste shop in Gangneung

4	Truckers' strike triggers fuel shortage

5	Are foreign investors returning to KOSPI?

6	Busan unveils roadmap for becoming English-friendly city to host Expo 2030

7	Fantasy of being 'Reborn Rich' amid harsh struggle of reality

8	S. Korea, US to co-host 2nd Summit for Democracy

9	Korean Air introduces A321neo equipped with Prestige class

10	Saudi minister visits Naver headquarters

DARKROOM