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Finance

Economy

Wed, October 5, 2022 | 13:59

FDI pledges to Korea hit record high through September: data

Foreign direct investment (FDI) pledges to Korea rose 18.2 percent on-year during the first nine months of this year on the solid growth in investment in such advanced sectors as chips and batteries, the industry ministry said Wednesday.

2022-10-05 11:50

PM calls for sense of urgency to cope with economic difficulties

Prime Minister Han Duck-soo on Wednesday called for a sense of urgency to cope with economic difficulties at home and abroad, as the economy is grappling with soaring inflation and recession fears over rising interest rates.

2022-10-05 10:32

Consumer prices grow at slower pace for 2nd month in Sept.

Korea's consumer prices grew at a slower pace on-year for the second consecutive month in September on the back of slowed growth in prices of oil and agricultural products, data showed Wednesday, in yet another sign that inflation may have peaked.

2022-10-05 10:00

Korea's exports outlook worsens for Q4

Korea's exports are expected to worsen in the fourth quarter of the year amid a global economic slowdown, a trade body said Wednesday.

2022-10-05 09:46

Finance minister vows to take preemptive steps to avert crisis

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho said Tuesday that the government is considering all options to cope with the volatility of the stock and currency markets in a preemptive manner.

Yi Whan-woo | 2022-10-04 17:01

KOSPI took heaviest beating among leading stock indices

Gov't goes all out to curb won's sharp fall against dollar

The government is making all-out efforts to curb the won's sharp fall against the U.S. dollar, in a desperate bid to prevent a massive outflow of capital. This move comes as the value of the Korean won has dropped by about 20 percent against the dollar this year and concerns are growing over a possible shortage of foreign currency. The fiscal and monetary authorities as well ...

Yi Whan-woo | 2022-10-03 16:34

Fears of recession grow

Korea has reported a trade deficit once again for September, extending its losing streak for the sixth consecutive month, according to data from the Ministry of Trade, Industry and Energy. The rate of export increase came in as a single-digit figure last month, but the rate of import increase hit double digits, bringing the nation's monthly trade balance to a deficit of $3.77...

Lee Min-hyung | 2022-10-02 15:50

Trade deficit likely to hit record high of $48 bil. this year: report

Korea is expected to post a record high trade deficit of nearly $50 billion this year due to high global energy costs, a report by a private think tank showed Sunday.

2022-10-02 13:32

Seoul, Washington reaffirm cooperation on liquidity supply if needed

The finance chiefs from South Korea and the United States have reaffirmed that the two countries will cooperate to beef up liquidity facilities should financial market routs around the globe deepen, according to Seoul's finance ministry on Saturday.

2022-10-01 12:25

Exports up 2.8% in September; trade deficit extended for 6th month

South Korea's exports rose 2.8 percent on-year in September, but the country suffered a trade deficit for the sixth consecutive month on high global energy prices, data showed Saturday.

2022-10-01 11:20

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