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Thu, August 22, 2019 | 17:00

Is Korea on course toward deflation?

Consumer price growth here has stagnated at below the 1 percent level for four months in a row due to weakened oil prices and increased service fees, according to government data, Thursday.

2019-05-03 18:52

Transport minister demands more focus on safety to chiefs of Korean Air, Asiana

Transport Minister Kim Hyun-mee has met the heads of the nation's flagship carriers, Korean Air and Asiana Airlines, and called for safe operations and stable management, the ministry said, Friday.

2019-05-03 16:13

[Cover Story] Shareholder activism pushes chaebol to evolve

Shareholder activism has been emerging as a catalyst bringing changes to the local business world by forcing large Korean companies, particularly chaebol, to renew their business focus and strategies. This comes as a growing number of activist shareholders are flexing their muscles to drive positive change at companies, which many expect will end up improving corporate govern...

2019-05-02 16:15

BOK chief vows not to lower key rate

Bank of Korea (BOK) Governor Lee Ju-yeol has vowed not to cut the policy rate from the current 1.75 percent, arguing the Korean economy will rebound in the second half.

2019-05-01 17:14

Finance minister says 'no plan' to revise economic growth target

South Korea's finance minister on Monday ruled out the possibility that the government would adjust the country's economic growth target despite an economic slowdown. Hong Nam-ki, the minister of economy and finance, made the comments in a meeting with officials at a government building in Seoul.

2019-04-29 09:55

BOK chief calls on gov't to encourage corporate investment

Bank of Korea (BOK) Governor Lee Ju-yeol urged President Moon Jae-in and his policymakers, during a meeting on Friday with CEOs of the nation's commercial banks, to do a better job in encouraging companies to invest here. Lee's remarks follow the central bank's recent study suggesting Korea's GDP growth unexpectedly contracted 0.3 percent in the first quarter of the year due ...

2019-04-26 16:17

Nobel prize-winning economist optimistic about Korea's economy

Seoul to diversify oil imports after scrapped sanctions waivers on Iranian oil

South Korea said Friday it is pushing to diversify sources of oil imports and support its exporters in a move to minimize the impacts of U.S. sanctions on Iran. Lee Ho-seung, the first vice minister of economy and finance, made the comments in a regular meeting with relevant officials at a government building in Seoul. Lee did not provide any further details on the diversific...

2019-04-26 15:30

BOK chief says economic conditions will improve

South Korea's economic conditions will improve from the current dire situation down the road, the central bank chief said Friday. "It is true that the economy is facing hardship as external conditions are not favorable and the private sector remains subdued," Bank of Korea Gov. Lee Ju-yeol said in a meeting with heads of local banks.

2019-04-26 09:52

Have Seoul home prices hit rock bottom?

The Seoul real estate market, particularly the apartment market, has continued on a downward spiral over the past several months but some market observers say that it is bottoming out as the real estate confidence index slightly recovered for the first time in five months.

2019-04-25 17:36

Korea's economy unexpectedly contracts in Q1, worst in decade

The South Korean economy is estimated to have unexpectedly shrunk in the first quarter on a drop in capital investment and falling exports, the Bank of Korea (BOK) said Thursday. The country's gross domestic product (GDP) is projected to have backtracked 0.3 percent in the first quarter of the year from the previous quarter, according to estimates from the central bank. The r...

2019-04-25 14:07

Nobel prize-winning economist optimistic about Korea's economy

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