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Finance

Economy

Wed, December 11, 2019 | 23:56

[INTERVIEW] 'Korea may become biggest victim of trade war'

[INTERVIEW] 'Korea may become biggest victim of trade war'

Korea may suffer the most from the growing trend of protectionism, if the U.S.-China and Korea-Japan trade tensions escalate further, according to an analyst at one of the top three global ratings agencies.

Park Jae-hyuk | 2019-08-26 15:27

Stocks, currency tumble on Sino-America trade woes

Moody's cuts S. Korea's 2019 growth outlook to 2%

International ratings agency Moody's on Friday slashed its forecast for South Korea's 2019 economic growth to 2 percent from the previous 2.1 percent.

2019-08-24 16:23

Specter of global recession looms larger

Specter of global recession looms larger

The global economy is facing growing risks of slipping into recession, as the world's major economies are losing steam due to a slowdown amid lingering uncertainties caused by an escalating trade dispute between the U.S. and China. Experts said that Korea is likely to be a major victim of any such recession due to its heavy dependence on external trade. Against this backdrop,...

Kim Bo-eun | 2019-08-22 21:38

'Asian Tigers' struggling amid US-China trade feud

'Asian Tigers' struggling amid US-China trade feud

The four “Asian Tigers,” which previously benefited the most from free trade and globalization, are going through a turbulent period as their economies are reeling from an escalating U.S.-China trade war and several other threats to the global free trade order, according to economic experts, Tuesday. The Asian Tigers refer to Korea, Taiwan, Hong Kong and Singapore, which main...

Park Jae-hyuk | 2019-08-20 16:28

Soaring consumer loans ringing alarm bells

Soaring consumer loans ringing alarm bells

The steep growth of consumer loans in the second quarter is raising concerns amid slowing economic growth. Experts said that rising debts amid slowdown could further dampen private spending and corporate investment causing a further delay in economic recovery.

Kim Bo-eun | 2019-08-19 17:59

Korea, Japan face off in ASEAN market

Korea, Japan face off in ASEAN market

Competition between Korea and Japan has heated up in the Southeast Asian market. Amid the intensifying trade dispute over Japan's export curbs on Korea, the two countries have stepped up efforts to earn support from the rapidly developing countries belonging to the Association of Southeast Asian Nations (ASEAN). According to the Korea Trade-Investment Promotion Agency (KOTRA)...

Park Jae-hyuk | 2019-08-19 17:03

Korea gripped by weak exports, investments: report

Korea gripped by weak exports, investments: report

South Korea remains gripped by sluggish exports and investments despite a slow gain in industrial production, a government report said Friday. The finance ministry report said the Korean economy is faced with growing downside risks from a slowing global economy, lower demand for chips and escalating trade tensions.

2019-08-16 10:20

[INTERVIEW] Currency war to disrupt Korean economy

[INTERVIEW] Currency war to disrupt Korean economy

The trade dispute between the United States and China, which has escalated into a “currency war,” will pose a serious threat to Korea's export-reliant economy, according to an international management professor at the University of Pennsylvania's Wharton School. He stressed that the Korean government should be aware that a currency war will cause a major disruption for the gl...

Park Jae-hyuk | 2019-08-14 15:34

KIF cuts 2019 growth outlook to 2.1%

KIF cuts 2019 growth outlook to 2.1%

The Korea Institute of Finance (KIF) has downgraded its 2019 growth forecast for the Korean economy to 2.1 percent from an earlier prediction of 2.4 percent, citing sluggish exports and investments.In its report released Tuesday, the private think tank said that the country's GDP growth will slow to 2.1 percent this year due to a delay in private sector's recovery amid unfavo...

Kim Jae-kyoung | 2019-08-13 17:02

Korea's growth potential poised to decline amid steady drop in exports

Korea's growth potential poised to decline amid steady drop in exports

South Korea's growth potential has dipped to the mid-2 percent range and may further decline due to the fast aging of the population that is beginning to affect its labor force, a local think tank suggested Sunday. According to the Hyundai Research Institute, the country's growth potential has steadily dwindled from 7.3 percent in the early 1990s to 5.6 percent in the late 19...

2019-08-11 15:44

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