KoreaTimes - Economy

The Korea Times

The Korea Times

The Korea Times

Finance

Economy

Fri, September 22, 2023 | 23:51

COVID-19 special loan repayments on track for 'soft landing'

COVID-19 special loan repayments on track for 'soft landing'

Massive amounts of special loans and benefits granted to small and medium-sized enterprises (SMEs) and mom-and-pop businesses during the COVID-19 crisis are on a stable path to repayment, according to the top financial regulator.

Anna J. Park | 2023-08-29 16:36

Retail sales up 5.9% in July on growing outdoor vacation activities

Retail sales up 5.9% in July on growing outdoor vacation activities

Retail sales in Korea rose 5.9 percent on-year in July as more people enjoyed outdoor activities for summer vacation amid eased antivirus curbs, the industry ministry said Tuesday.

2023-08-29 14:34

Gov't to seek tighter budget, prioritize fiscal soundness

Gov't to seek tighter budget, prioritize fiscal soundness

Korea's smallest increase in its budget proposal in almost two decades illustrates the government's commitment to improving fiscal soundness amid declining tax revenue and economic uncertainties.

2023-08-29 11:36

S. Korea seeks slowest budget growth in nearly 20 years for 2024

S. Korea seeks slowest budget growth in nearly 20 years for 2024

S. Korea seeks slowest budget growth in nearly 20 years for 2024

South Korea's finance ministry on Tuesday proposed a budget of 654.2 trillion won ($495 billion) for 2024, marking the slowest on-year growth since 2005, as the country aims to tighten its belt amid economic uncertainties.

2023-08-29 11:26

Unification ministry seeks 28% cut in 2024 budget for inter-Korean cooperation fund

S. Korea seeks 4.5% rise in defense budget for 2024

Gov't to seek tighter budget, prioritize fiscal soundness

FSC emphasizes importance of exporting financial infrastructure model

FSC emphasizes importance of exporting financial infrastructure model

Financial authorities plan to announce a set of measures aimed at fostering exports of local financial infrastructure models during the second half of this year. Financial infrastructure refers to an underlying technological system for financial transactions, such as payments and remittances. The Financial Services Commission (FSC), the top financial regulator in the country,...

Anna J. Park | 2023-08-28 16:49

Individuals can invest in government bonds with 100,000 won from next year

Individuals can invest in government bonds with 100,000 won from next year

Starting in the first half of next year, retail investors will be able to invest in government bonds with a small amount of money.

Lee Yeon-woo | 2023-08-28 16:37

Only 1 in 3 young Koreans positive about marriage

Only 1 in 3 young Koreans positive about marriage

Only about one out of every three Koreans aged 19 to 34 have a positive perception of wedlock, illustrating the mentality among young people towards matrimony, which is resulting in a sharper decline in the number of marriages and a deepening demographic crisis, according to a report, Monday.

Yi Whan-woo | 2023-08-28 15:57

Capital flight no longer case despite record Korea-US rate gap

Capital flight no longer case despite record Korea-US rate gap

Following the U.S. Federal Reserve's decision to hike rates by 0.25 percentage points in July, the record-high interest rate gap between Korea and the U.S. has persisted. However, concerns about a potential massive outflow of foreign funds haven't yet materialized as feared.

Lee Yeon-woo | 2023-08-28 15:40

Inflation expected to rebound to above 3% on rising oil, crop prices

Inflation expected to rebound to above 3% on rising oil, crop prices

Consumer inflation in Korea is anticipated to bounce back to the 3-percent range in August and September after decelerating to a 25 month-low of 2.3 percent in July, mainly due to a resurgence in global oil prices, according to analysts, Sunday.

Yi Whan-woo | 2023-08-27 16:28

Fed chief's latest speech to enable BOK to freeze key rate

Fed chief's latest speech to enable BOK to freeze key rate

The Bank of Korea (BOK) is likely to extend its policy of keeping the base rate steady at 3.5 percent, following remarks by Federal Reserve Chair Jerome Powell that were less hawkish than expected regarding the course of the U.S. interest rate, according to market observers, Sunday.

Yi Whan-woo | 2023-08-27 16:28

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	30 people purchased 8,000 homes: data

2	Scientists find green way to turn CO2 into fuel with sunlight

3	National Assembly passes motion to arrest DPK chief

4	Kim Jong-un's rejection of Russia's food assistance irritates North Korean defectors

5	Gender equality minister nominee in hot seat over remarks on abortion

6	Seoul invites ambassadors to introduce new halal foods in Korea

7	Rights experts from 17 countries demand release of North Korean escapees in China

8	S. Korea condemns Russia, seeks to mend ties with China

9	Honey-dipped cookie to represent 'K-desserts' at global food expo in Germany

10	COVID-19 deaths hit record high in Korea for 2022

DARKROOM