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Economy

Sat, September 23, 2023 | 19:43

Korea logs 2nd-largest trade surplus in IP rights in first half of 2023

Korea logs 2nd-largest trade surplus in IP rights in first half of 2023

Korea racked up the second-largest surplus in the trade of intellectual property (IP) rights in the first half of the year on increased exports of cultural content, central bank data showed Friday.

2023-09-22 13:55

Foreign currency deposits snap 3-month rise in August

Foreign currency deposits snap 3-month rise in August

Foreign currency deposits dipped in August as exports settlements and overseas investments increased, central bank data showed Friday.

2023-09-22 13:55

Fed's hawkish pause on rates burdens Korean economy

Fed's hawkish pause on rates burdens Korean economy

The Korean economy appears destined to continue experiencing the negative impact of high U.S. interest rates following the U.S. Federal Reserve’s hawkish pause on its policy rates, according to analysts, Thursday. The Fed on Wednesday left its benchmark lending rates unchanged at a range of 5.25 percent to 5.5 percent for the second straight meeting since July.

2023-09-21 16:50

COVID-19 deaths hit record high in Korea for 2022

COVID-19 deaths hit record high in Korea for 2022

A record-high number of deaths - 372,939 - hit Korea last year as the COVID-19 pandemic took the lives of older people who are especially vulnerable to the infectious disease, data showed on Thursday.

2023-09-21 16:27

Exports up 9.8% during first 20 days of Sept.

Exports up 9.8% during first 20 days of Sept.

Korea's exports moved up 9.8 percent on-year in the first 20 days of September due to a higher number of working days, but shipments of chips and petroleum products remained sluggish, data showed Thursday.

2023-09-21 10:07

30 people purchased 8,000 homes: data

30 people purchased 8,000 homes: data

Nearly 8,000 homes were purchased by just 30 people over the past five and a half years, data showed on Wednesday.

Yi Whan-woo | 2023-09-21 08:48

Ex-ECB president highlights importance of aligned gov't, central bank policies

Ex-ECB president highlights importance of aligned gov't, central bank policies

Jean-Claude Trichet, a former president of the European Central Bank (ECB), said Wednesday the central bank and the government's policies should head toward the "same direction" as major countries struggle to tackle inflation.

2023-09-20 17:16

Global oil price surge stokes stagflation concerns

Global oil price surge stokes stagflation concerns

Global oil prices are surging toward $100 a barrel again, as witnessed when Russia began its invasion of Ukraine in February 2022, stoking concerns that increasing prices will seriously dampen any cooling trajectory for inflation in Korea and the possibility of further stagflation. The increasing oil prices are also subsequently raising speculation that the Bank of Korea (BOK...

Yi Whan-woo | 2023-09-20 16:11

Finance minister stresses safety of seafood consumption despite concerns about Fukushima water

Finance minister stresses safety of seafood consumption despite concerns about Fukushima water

Finance Minister Choo Kyung-ho on Wednesday stressed that the consumption of seafood will be safe, despite lingering concerns about Japan's release of treated radioactive water into the ocean.

2023-09-20 15:31

Korea's exports forecast to stay weak in Q4

Korea's exports forecast to stay weak in Q4

Korea's exports are expected to remain sluggish in the fourth quarter of the year amid high oil prices and weak overseas demand, a trade body said Wednesday.

2023-09-20 11:29

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