KoreaTimes(488) - Economy, Finance, page 1

The Korea Times

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

Finance

Economy

Thu, October 22, 2020 | 04:13

Tour agency CEO's letter to employees reflects industry hardship

Tour agency CEO's letter to employees reflects industry hardship

A travel agency CEO is attracting attention for his candid letter to employees about the company's recent massive layoffs, according to industry officials, Wednesday.

2020-10-21 16:53

37% of firms in Korea fail to repay interest on debts in 2019

37% of firms in Korea fail to repay interest on debts in 2019

About 37 percent of firms in South Korea failed to repay the interest on their debts in 2019, central bank data showed Wednesday, highlighting concerns about deteriorating corporate financial status amid economic gloom. The number of so-called marginal or zombie firms is expected to rise further this year as the coronavirus pandemic devastated the nation's economy.

2020-10-21 13:39

Exports fall 5.8% in first 20 days of October

Exports fall 5.8% in first 20 days of October

South Korea's exports fell 5.8 percent on-year in the first 20 days of October amid the fallout from the new coronavirus outbreak, customs data showed Wednesday. The nation's outbound shipments stood at US$25.2 billion in the Oct. 1-20 period, compared with $26.7 billion a year ago, according to the data from the Korea Customs Service.

2020-10-21 10:50

Korea's national debt expected to soar over next 4 years: report

Korea's national debt expected to soar over next 4 years: report

South Korea's national debt is expected to soar over the next four years, which may have a negative impact on the country's creditworthiness, a report said Monday. In particular, Seoul's interest-bearing state debt is likely to rocket nearly 78 percent over the period based on the government's 2020-24 fiscal management plan, the report from the Korea Institute of Public Finan...

2020-10-19 10:13

Korean economy's trade reliance at 3-year low: data

Korean economy's trade reliance at 3-year low: data

South Korea's reliance on trade reached the lowest in three years last year due to a slump in overseas sales, data showed on Sunday. According to the data compiled by Statistics Korea, the reliance on trade, measured by dividing the country's total trade by gross domestic product, stood at 63.51 percent last year, down 2.57 percentage points from a year earlier.

2020-10-18 10:56

Seoul stocks down for 4th consecutive day on virus concerns

Seoul stocks down for 4th consecutive day on virus concerns

Korean shares retreated for a fourth consecutive session Friday, largely on concerns that the COVID-19 resurgence in major economies may hurt exports. The Korean won fell against the U.S. dollar.

2020-10-16 16:53

IMF slightly upgrades Korea's growth forecast for this year

IMF slightly upgrades Korea's growth forecast for this year

The International Monetary Fund (IMF) said Tuesday that Korea's economy will shrink 1.9 percent this year as the coronavirus pandemic ravaged exports and consumption.

2020-10-13 21:33

Will IMF lower Korea's growth outlook?

Will IMF lower Korea's growth outlook?

All eyes are on the International Monetary Fund (IMF) which will announce Korea's growth outlook late Tuesday, after major foreign investment banks have been downgrading the country's growth forecast following the resurgence of COVID-19 infections here in mid-August.

2020-10-12 16:45

Exports plunge 28.8% in first 10 days of October

Exports plunge 28.8% in first 10 days of October

South Korea's exports dropped 28.8 percent on-year in the first 10 days of October amid the fallout from the new coronavirus outbreak, customs data showed Monday. The nation's outbound shipments stood at US$9.3 billion in the Oct. 1-10 period, compared with $13 billion a year ago, according to the data from the Korea Customs Service.

2020-10-12 09:15

Rising food prices trouble households

Rising food prices trouble households

A mother of two children, surnamed Park, is afraid to go grocery shopping, as the prices of most agricultural produce have jumped sharply.

2020-10-06 17:11

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

DARKROOM

WooriBank

Code of Ethics

Copyright