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Finance

Economy

Wed, September 18, 2019 | 05:39

Soaring oil prices put additional burden on economy

International oil prices are likely to continue on an upward spiral in the wake of oil supply disruptions triggered by Saturday's drone attacks on Saudi Arabian oil faculties, according to market experts, Monday. They expect that this will lead to a spike in local gasoline and diesel prices, putting an additional burden on the Korean economy. Gasoline and diesel prices here h...

Jhoo Dong-chan | 2019-09-16 16:10

Korea considers releasing oil reserves in case of supply disruption

SK hynix, LG Chem face negative outlook: Moody's

Negative rating actions for Korean companies are expected to outnumber positive ones over the next 12 months, Moody's Investors Service said Tuesday.

Park Jae-hyuk | 2019-09-10 16:57

Krugman urges Korea to forestall deflation

Nobel Prize-winning economist Paul Krugman has called on Seoul to take immediate and decisive action to forestall deflation in its economy. Krugman, an economics professor at City University of New York, delivered a keynote address during the 2019 Knowledge Sharing Program (KSP) Dissemination Conference at the Conrad Hotel on Yeouido, Seoul, Monday. The KSP is a platform for ...

Jhoo Dong-chan | 2019-09-09 19:17

Korea's growth potential on downward spiral

Korea's economic growth potential has been on a downward spiral due to the toxic mixture of a low birthrate, aging population and low productivity, the central bank said Monday.

Lee Kyung-min | 2019-09-09 17:40

'3 lows' become new normal in Korean economy

The Korean economy has entered the era of the so-called new normal, with “three lows” - low growth, low interest rate and low inflation - becoming a reality, a rather bleak combination of economic conditions already in progress in many advanced countries, analysts said Monday. The much-feared economic condition is fast becoming a reality after consumer prices dropped in Augus...

Lee Kyung-min | 2019-09-09 17:40

Private think tanks cut Korea's growth outlook

Korea's two leading private think tanks have revised down the country's 2019 economic growth outlook, adding to the growing worries that Asia's fourth-largest economy is facing a steeper-than-expected slowdown, Sunday.

Lee Kyung-min | 2019-09-08 17:04

Korea's economy to expand 1.9% in 2019: research institute

South Korea's economy is expected to expand 1.9 percent in 2019 from a year earlier, a local research institute said Sunday, posting sluggish growth due to the protracted trade dispute between the United States and China. The figure marks a decrease of 0.3 percentage point from the previous outlook of 2.2 percent suggested in June, according to the Korea Economic Research Ins...

2019-09-08 11:31

Specter of deflation looming larger

Concerns about deflation - a decline in the general prices of goods and services - are growing fast, with consumer prices falling for the first time in the country's history amid an economic slowdown. Experts said the Korean economy is entering an initial phase of deflation, warning that it could follow in the footsteps of Japan, which has suffered a decades-long deflationary...

Lee Kyung-min | 2019-09-03 17:43

Record-low inflation, weaker Q2 growth portend rate cut

South Korea's inflation plunged to an all-time low in August and the country's economy expanded at a slower-than-expected clip in the second quarter, data released Tuesday showed, adding to the pressure on the central bank to cut its key rate. Weaker inflation and lackluster economic growth are fanning worries about the risk of deflation in Asia's fourth-largest economy, but ...

2019-09-03 13:32

Consumer price growth hits record low in August

South Korea's consumer price growth hit a record low in August, remaining flat compared with a year earlier, due mainly to declines in prices of agricultural and petroleum products, government data showed Tuesday. South Korea's consumer prices remained unchanged in August from a year earlier, staying below the 1 percent threshold for the eighth consecutive month, according to...

2019-09-03 09:37

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