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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Economy

Thu, March 23, 2023 | 11:09

Import prices down in Jan. on stronger local currency

Import prices down in Jan. on stronger local currency

Korea's import prices fell for a third straight month in January despite oil price hikes, largely due to the local currency's rise against the U.S. dollar, central bank data showed Tuesday.

2023-02-15 09:50

Discussions on carbon neutrality

Discussions on carbon neutrality

Financial Supervisory Service (FSS) Governor Lee Bok-hyun, left, poses with Lord Adair Turner, member of the U.K. House of Lords and chair of the Energy Transitions Commission, at the FSS office in Yeouido, Seoul, Monday. The two discussed the role of the financial sector in achieving carbon neutrality. Courtesy of FSS

2023-02-14 15:48

Young borrowers in need of small sums targeted by loan sharks

Young borrowers in need of small sums targeted by loan sharks

People in their 20s and even teenagers who want to borrow a small amount of money on credit are being targeted by loan sharks while banks and other licensed lenders would refuse to lend the money considered too tiny to be taken out through standard loans. What is more of a concern is that victims of loan sharks tend to go unnoticed by law enforcement as the money they are cha...

Yi Whan-woo | 2023-02-14 15:43

Money supply shrinks for 1st time in 9 months in Dec.

Money supply shrinks for 1st time in 9 months in Dec.

Korea's money supply shrank for the first time in nine months in December due in part to a decline in on-demand bank deposits, central bank data showed Tuesday.

2023-02-14 15:17

Korea awaits decision on FTSE gov't bond index inclusion next month

Korea awaits decision on FTSE gov't bond index inclusion next month

The domestic bond market is anticipating the potential influx of a massive amount of foreign capital, as the global index provider FTSE Russell is slated to announce whether Korea will be included in the FTSE World Government Bond Index (WGBI) in a semi-annual report due in March.

Anna J. Park | 2023-02-14 08:28

Gov't in dilemma between growth and inflation

Gov't in dilemma between growth and inflation

Persistently high inflation in the 5-percent range is posing a dilemma for the government in shifting the focus of its 2023 policy from stabilizing prices to spurring economic growth. Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho said in December that inflation has passed its peak although it is likely to stay at a high plateau for the time being.

Yi Whan-woo | 2023-02-13 16:29

Gov't to study cases of overseas firms in governance overhaul of Korean banking groups

Gov't to study cases of overseas firms in governance overhaul of Korean banking groups

The government will look into the governing structures of banking groups overseas and capitalize on these cases as examples for overhauling banking groups here. The planned study to be made by the Financial Services Commission (FSC) comes as the Yoon Suk Yeol administration finds the banking groups not transparent when picking their new leaders and also when extending their t...

Yi Whan-woo | 2023-02-13 16:17

Exports up 12% during first 10 days of Feb. on more working days

Exports up 12% during first 10 days of Feb. on more working days

Korea's exports increased 11.9 percent on-year in the first 10 days of February, data showed Monday, due to stronger shipments of automobiles and more working days.

2023-02-13 10:17

Consumer price index expected to hover at 5% range in Q1

Consumer price index expected to hover at 5% range in Q1

As rising public transportation fees add upward pressure on the general public, consumer prices in Korea are expected to remain at the current range. Some expect inflation in the upper five-percent rate to continue until the start of the second quarter of this year. The finance ministry and Statistics Korea both expect February's Consumer Price Index (CPI) to post a year-on-y...

Anna J. Park | 2023-02-12 16:46

China's reopening likely to help Korean economy rebound: report

China's reopening likely to help Korean economy rebound: report

China's reopening from COVID-19 restrictions and its economic recovery are expected to help boost Korea's economic growth and exports, which are highly related to the neighboring country, a report showed Sunday.

2023-02-12 14:10

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