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The Korea Times

The Korea Times

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Economy

Thu, December 7, 2023 | 23:02

Korea vows enhanced market monitoring, measures to curb inflation over Israel-Hamas clash

Korea vows enhanced market monitoring, measures to curb inflation over Israel-Hamas clash

Korea will be fully prepared for any scenarios related to the ongoing conflict between Israel and Palestinian militant group Hamas to minimize its impact on inflation and the broader economy, a senior finance ministry official said Thursday.

2023-10-12 09:54

Korea sets up emergency task force on exports over Israel-Hamas war

[INTERVIEW] Longer maternal leave won't help boost Korea's plummeting birthrate

INTERVIEWLonger maternal leave won't help boost Korea's plummeting birthrate

“Korea is so screwed. Wow!”

2023-10-11 16:06

Korea, Ecuador become strategic economic partners

Korea, Ecuador become strategic economic partners

Minister of Trade, Industry and Energy Bang Moon-kyu, right, poses with Ecuador's Production, Foreign Trade, Investments and Fisheries Minister Daniel Legarda Touma afer the two signed a strategic economic cooperation agreement (SECA) at Lotte Hotel Seoul, Wednesday. The Korean government's 23rd SECA came as bilateral trade last year stood at $980 million. The South American ...

2023-10-11 15:36

[CONTRIBUTION] Contingency plan needed against 'global 3 highs'

CONTRIBUTIONContingency plan needed against 'global 3 highs'

Recently, the rise in interest rates has caused alarm. The U.S. 10-year treasury yield has hit 4.88 percent, recording the highest level in 16 years, and an expectation for a rise is increasing as the Korean 3-year treasury yield also exceeds 4 percent.

2023-10-11 14:10

Korea sees easing of economic downturn despite external uncertainties: KDI

Korea sees easing of economic downturn despite external uncertainties: KDI

Korea experienced a gradual easing of an economic downturn despite lingering external uncertainties on the back of a rebound in the production of semiconductors, a state-run think tank said Wednesday.

2023-10-11 13:26

Korea logs current account surplus for 4th month in August

Korea logs current account surplus for 4th month in August

Korea logged a current account surplus for the fourth straight month in August on the back of a widened trade surplus and increased interest income from overseas, central bank data showed Wednesday.

2023-10-11 10:54

Exports fall 1.7% in October on weak chips demand

Exports fall 1.7% in October on weak chips demand

Exports fall 1.7% in October on weak chips demand

Korea's exports fell 1.7 percent on-year in the first 10 days of October due mainly to weak global demand for semiconductors and fewer working days, data showed Wednesday.

2023-10-11 09:41

Korea logs current account surplus for 4th month in August

IMF lowers Korea's economic growth forecast for 2024 to 2.2%

IMF lowers Korea's economic growth forecast for 2024 to 2.2%

The International Monetary Fund (IMF) lowered its 2024 economic growth forecast for Korea to 2.2 percent, Tuesday, down 0.2 percentage points from its previous forecast in July. However, it maintained the country's 2023 growth forecast at 1.4 percent.

2023-10-10 17:00

Korea considers increasing oil stockpiling over Israel-Hamas clash: industry minister

Korea considers increasing oil stockpiling over Israel-Hamas clash: industry minister

Industry Minister Bang Moon-kyu said Tuesday that Korea has secured an eight-month stockpile of crude oil and is considering expanding the amount on concerns about supply disruptions amid the conflict between Israel and Palestinian militant group Hamas.

2023-10-10 16:57

Seoul braces for greater market volatility amid Israel-Hamas war

Seoul braces for greater market volatility amid Israel-Hamas war

The Korean government has made the necessary preparations to respond to any potential impacts caused by the ongoing military clashes between Israel and Hamas.

2023-10-10 15:50

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