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Sat, June 3, 2023 | 17:16

Indo-Pacific region highlighted as important for Korean economy's future

Indo-Pacific region highlighted as important for Korean economy's future

JEJU - Partnerships with Indo-Pacific countries were highlighted as a pathway for Korea's stable economic development in the future amid intensifying geopolitical tensions between China and the United States.

2023-06-02 16:28

Korea, Japan to hold finance ministerial meeting this month in Tokyo

Korea, Japan to hold finance ministerial meeting this month in Tokyo

Korea and Japan plan to hold a bilateral financial ministerial meeting this month, the finance ministry here said Friday, as the two countries are gearing up to normalize economic ties after several years of trade tensions.

2023-06-02 14:23

Middle-class hit hardest by 2022 inflation: data

Middle-class hit hardest by 2022 inflation: data

Korea's middle class experienced a heavier burden from the country's steep inflation in 2022 compared with the lower- and upper-income brackets, data showed Friday.

2023-06-02 10:57

Korea showing signs of export recovery: finance minister

Korea showing signs of export recovery: finance minister

Korean exports are showing some signs of a recovery on the back of rising demand from China and increasing outbound shipments of semiconductors, the finance minister said Friday.

2023-06-02 10:49

Korea's consumer prices slow for 4th month in May

Korea's consumer prices slow for 4th month in May

Korea's consumer prices growth slowed for the fourth consecutive month in May from a year ago, data showed Friday, in yet another signal that the country's inflation has passed its peak.

2023-06-02 10:23

Korea's economy grows 0.3% in Q1, unchanged from earlier estimate: BOK data

Korea's economy grows 0.3% in Q1, unchanged from earlier estimate: BOK data

Korea's economy grew 0.3 percent in the first quarter of this year, unchanged from an earlier estimate, largely thanks to a sustained recovery in private spending amid an extended slowdown in exports, central bank data showed Friday.

2023-06-02 09:37

FSS to continue strengthening supervisory cooperation with overseas counterparts

FSS to continue strengthening supervisory cooperation with overseas counterparts

The Financial Supervisory Service (FSS) vowed to continue fully supporting overseas business expansions by Korean financial companies, particularly in Southeast Asia, as the state-run financial watchdog agency will soon begin implementing an employee exchange partnership with its Indonesian counterpart during the second half of this year.

Anna J. Park | 2023-06-01 16:30

Nexon case reignites controversy over high level of inheritance tax

Nexon case reignites controversy over high level of inheritance tax

A dispute over high inheritance tax resurfaced this week, after the surviving family members of Kim Jung-ju, the deceased head of gaming giant Nexon, paid their inheritance tax in the form of stocks.

2023-06-01 16:16

Institutions' foreign securities holdings up 1.3% in Q1

Institutions' foreign securities holdings up 1.3% in Q1

Korean institutions' investment in foreign securities increased 1.3 percent in the first quarter of the year on the back of an advance in the value of overseas stocks and increased bond purchases, central bank data showed Thursday.

2023-06-01 14:04

Korea's exports down for 8th month in May on sagging chip demand

Korea's exports down for 8th month in May on sagging chip demand

Korea's exports fell for an eighth consecutive month in May due mainly to weak demand for semiconductors amid an economic slowdown, the industry ministry said Thursday.

2023-06-01 09:38

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