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Sun, December 3, 2023 | 09:39

Statistics Korea to help boost Africa's statistical capabilities

Statistics Korea to help boost Africa's statistical capabilities

Statistics Korea signed an MOU with the African Development Bank (AfDB) to support the continent achieve the U.N. Sustainable Development Goals (SDGs) and make scientific decisions based on statistical capabilities.

2023-09-13 16:48

Korea pledges to offer $6 billion for 2024-25 Africa cooperation

Korea pledges to offer $6 billion for 2024-25 Africa cooperation

BUSAN - Korea will offer $6 billion over the next two years in a financial aid package for Africa, the Ministry of Economy and Finance said Wednesday.

2023-09-13 16:34

Korea and Africa partner on sustainable agriculture and bio health projects

Korea and Africa partner on sustainable agriculture and bio health projects

Korea and Africa partner on sustainable agriculture and bio health projects

BUSAN_ Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho proposed innovative agricultural methods, bio health and climate change response as three areas of cooperation between Korea and African countries to strengthen solidarity in his opening speech at the 2023 Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference in Busan, Wednesday.

2023-09-13 16:33

Korea pledges to offer $6 billion for 2024-25 Africa cooperation

Industry minister nominee blames anti-nuclear energy policy for KEPCO's rising debt

Industry minister nominee blames anti-nuclear energy policy for KEPCO's rising debt

The controversial nuclear phase-out policy pushed by the previous Moon Jae-in administration is one of the main culprits for snowballing debt at Korea Electric Power Corp. (KEPCO), the state-run utility firm, Minister of Trade, Industry and Energy nominee Bang Moon-kyu told lawmakers, Wednesday.

2023-09-13 16:28

Bank-issued household loans up sharpest amount in over 2 years in August

Bank-issued household loans up sharpest amount in over 2 years in August

With the country's monthly household loans on a steady increase, bank loans in August showed a rise of 6.9 trillion won ($5.1 billion) from the previous month to date. The increase in August is the highest monthly margin over the past two years and any single month-to-month period, since it reached 9.7 trillion won in July 2021.

Anna J. Park | 2023-09-13 16:04

Bank of Korea struggles to retain workforce due to uncompetitive salaries

Bank of Korea struggles to retain workforce due to uncompetitive salaries

Once considered a coveted position for the highly educated, the Bank of Korea (BOK) is now struggling to retain its workers, according to data released on Wednesday.

2023-09-13 15:17

Money supply up for 2nd month in July amid tightening policy: BOK

Money supply up for 2nd month in July amid tightening policy: BOK

Korea's money supply rose for the second consecutive month in July amid tightening policy, central bank data showed Wednesday.

2023-09-13 13:58

Banks' household loans up sharpest in over 2 years in August, rate policy in focus

Banks' household loans up sharpest in over 2 years in August, rate policy in focus

Household loans extended by banks in Korea rose by the sharpest in over two years in August on increased demand for home-backed loans amid high borrowing costs, data showed Wednesday.

2023-09-13 13:58

Korea's on-year job additions rebound in August

Korea's on-year job additions rebound in August

Korea's new job additions rebounded in August after slowing for four consecutive months, but the growth was led mostly by seniors, data showed Wednesday.

2023-09-13 10:00

Germany's embattled economy raises concerns for Korea

Germany's embattled economy raises concerns for Korea

Germany's faltering economy is heightening anxieties that Korea may face similar troubles, as the two countries, despite the differences in size and economic outlooks, have multiple similarities when it comes to growth risks.

2023-09-13 08:31

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