KoreaTimes - Economy

The Korea Times

The Korea Times

The Korea Times

Finance

Economy

Sun, December 10, 2023 | 23:36

Korea braces for continuation of high global interest rates: finance minister

Korea braces for continuation of high global interest rates: finance minister

Major economies are expected to keep their interest rates higher for longer than expected to tame inflation, and Korea is preparing for policy buffers to handle various external uncertainties, the finance minister said Friday.

2023-10-20 14:10

US recession, China's downturn to slow Korean economic recovery: Fitch

US recession, China's downturn to slow Korean economic recovery: Fitch

The Korean economy is forecast to be on a recovery track next year but the pace will be 'very gradual' as China's significant economic slowdown and a recession in the United States would hinder the growth of its exports, a senior Fitch Ratings analyst said Friday.

2023-10-20 14:10

State-run firm to release strategic oil reverses if Middle East conflict escalates

State-run firm to release strategic oil reverses if Middle East conflict escalates

Korea's state-run oil company said Friday it is inspecting the readiness of local storage facilities to prepare for a potential release of reserves should the ongoing Middle East crisis escalate.

2023-10-20 10:10

Israel-Hamas war feared to push up inflation, affect broader economy: finance minister

Israel-Hamas war feared to push up inflation, affect broader economy: finance minister

Geopolitical risks stemming from the conflict between Israel and the Palestinian militant group Hamas are feared to cause a flare-up in inflation and ripple effects for the Korean financial market and the real economy, the finance minister said Thursday.

2023-10-19 10:56

BOK freezes key rate for 6th time amid heightened uncertainties

BOK freezes key rate for 6th time amid heightened uncertainties

Korea's central bank held its key interest rate steady for the sixth straight time Thursday amid a slowdown in growth and heightened uncertainties, such as the prolonged Ukraine-Russia war and rising household debts.

2023-10-19 10:01

'Man of Roh Moo-hyun' publishes memoir recounting pivotal economic policies that shaped today's Korea

'Man of Roh Moo-hyun' publishes memoir recounting pivotal economic policies that shaped today's Korea

Former presidential policy chief Byeon Yang-kyoon, 74, who earned the trust of the late President Roh Moo-hyun, to the extent that he was called 'the man of Roh,' has recently published his memoir.

2023-10-18 12:49

Korean industries to see modest recovery in 2024: think tank

Korean industries to see modest recovery in 2024: think tank

Most Korean industries are likely to see a modest recovery next year, with rechargeable batteries, automobile and shipbuilding sectors expected to show robust growth, according to a think tank Wednesday.

2023-10-18 10:40

Industry minister asks refiners to use fair pricing policy amid Israel-Hamas war

Industry minister asks refiners to use fair pricing policy amid Israel-Hamas war

Korea's industry minister on Wednesday requested local oil refiners use a fair and transparent pricing policy amid the growing volatility of crude prices as the Israel-Hamas war intensifies.

2023-10-18 09:32

Fitch keeps S. Korea's credit rating at 'AA-,' outlook stable

Fitch keeps S. Korea's credit rating at 'AA-,' outlook stable

Global credit appraiser Fitch Ratings has reaffirmed South Korea's sovereign rating at 'AA-' with a stable outlook, the finance ministry said Tuesday.

2023-10-17 21:05

FSS mulls criminal punishment for illegal short selling by foreign firms

FSS mulls criminal punishment for illegal short selling by foreign firms

Financial Supervisory Service (FSS) Governor Lee Bok-hyun has vowed to push for heavier punishment for illegal short selling practices conducted by some global investment banks in Korea. Lee said he finds it problematic that some foreign institutional investors routinely engage in naked short selling, despite knowing such practices are illegal.

2023-10-17 16:40

11 12 13 14 15 16 17 18 19 20

Top 10 Stories

1	'British Spider-Man' ends 6-month stay in Korea

2	Justice minister challenges opposition leader in polls for potential next president

3	Kim Bu-gwi, the tallest monk at Hwaeom Temple

4	Cadero Grip introduces hybrid golf grip product

5	German scholar lectures on 'Saving Confucius from Confucianism'

6	N. Korea's fear of external info grows after Seoul allows sending propaganda leaflets

7	Methods to avoid YouTube, Netflix restrictions go viral

8	Hunting 'crow thief' on Korea's east coast in 1930s

9	Skepticism mounts over shareholder activism at Samsung C&T

10	Anti-dog meat legislation looks doomed as Assembly session ends in vain

DARKROOM