KoreaTimes(367) - Policies, Finance, page 8

The Korea Times

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Policies

Wed, July 15, 2020 | 05:19

Gov't to spend W35.3 tril. in 3rd extra budget

Gov't to spend W35.3 tril. in 3rd extra budget

The government presented a 35.3 trillion won ($28.9 billion) extraordinary budget draft today, drawn up to combat any economic collapse brought on by the COVID-19 pandemic. The broad stimulus package seeks to provide firms with liquidity, bolster consumption and strengthen the country's social safety net. Also included is the first step of implementing a digitization- and gre...

Lee Kyung-min | 2020-06-03 16:36

Korea to focus on digital, green initiatives to boost economy

Korea to focus on digital, green initiatives to boost economy

The government said Monday that it will invest 76 trillion won ($61.9 billion) by 2025 to strengthen digitization, eco-friendly growth and social safety nets, in a sweeping move to reinvigorate the economy hit by the COVID-19 pandemic. The Ministry of Economy and Finance announced a series of economic directives for the latter half of 2020, aimed mostly at bolstering investme...

Lee Kyung-min | 2020-06-01 17:04

Moon to discuss 3rd expansionary budget spending

Moon to discuss 3rd expansionary budget spending

The government will draw a blueprint, Monday, for a “super-expansionary” budget possibly as high as 50 trillion won ($40.3 billion) as part of continued efforts to revitalize the local economy heavily hit by the spread of COVID-19.

Lee Min-hyung | 2020-05-31 16:58

Gov't seeks to turn pandemic crisis into opportunity

Gov't seeks to turn pandemic crisis into opportunity

The government will spearhead a comprehensive plan to turn the COVID-19 pandemic into an opportunity, amid what it calls a “critical milestone” to help the country emerge from the crisis and move toward becoming a more advanced economy, the country's top policy maker said Thursday.

Lee Kyung-min | 2020-05-28 17:13

'Greater gov't role needed to tackle corona divide'

FSC spokeswoman to standardize financial terms

FSC spokeswoman to standardize financial terms

The Financial Services Commission (FSC) spokeswoman has taken charge of standardizing financial terms that have been considered too difficult for consumers to understand.

Park Jae-hyuk | 2020-05-28 17:00

BOK cuts Korea's 2020 growth outlook to - 0.2 percent

BOK cuts Korea's 2020 growth outlook to - 0.2 percent

The Bank of Korea (BOK) said Thursday it was downgrading its 2020 growth outlook for Korea from 2.1 percent to a contraction of 0.2 percent due to the prolonged aftermath here and abroad of the ongoing COVID-19 pandemic. This is the first time in 11 years for the central bank to forecast an economic contraction. The outlook comes as the coronavirus outbreak has cast a longer-...

Lee Min-hyung | 2020-05-28 16:41

'Greater gov't role needed to tackle corona divide'

'Greater gov't role needed to tackle corona divide'

The government is required to play a more significant role to prevent the COVID-19 pandemic from widening the growing income disparity, Deputy Prime Minister and Finance Minister Hong Nam-ki said Wednesday.

Lee Kyung-min | 2020-05-28 16:05

[FULL TEXT] Bank of Korea's statement on monetary policy decision

[FULL TEXT] Bank of Korea's statement on monetary policy decision

The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board decided Thursday to cut the base rate by a quarter percentage point to a fresh record low of 0.50 percent.

2020-05-28 11:13

Bank of Korea trims key rate to record low amid grim growth outlook

Bank of Korea trims key rate to record low amid grim growth outlook

Bank of Korea trims key rate to record low amid grim growth outlook

South Korea's central bank slashed its policy rate by a quarter percentage point to a new record low of 0.5 percent Thursday to help support the country's economy tipped to grow at the slowest pace in over two decades amid the COVID-19 pandemic. The move came a little over two months after the Bank of Korea (BOK) cut the base rate to 0.75 percent from 1.25 percent in its firs...

2020-05-28 10:06

Korea to set up 500 billion-won fund for auto parts firms

Korea to set up 500 billion-won fund for auto parts firms

South Korea will set up a guarantee fund of 500 billion won (US$405 million) to provide more loans to auto parts firms that have been hit by the coronavirus pandemic, Finance Minister Hong Nam-ki said Thursday. The fund, which will be financed by the government and carmakers, will provide guarantees for loans for auto parts firms, Hong said.

2020-05-28 09:54

Bank of Korea trims key rate to record low amid grim growth outlook

1 2 3 4 5 6 7 8 9 10

WooriBank

Top 10 Stories

DARKROOM

Code of Ethics

Copyright