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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Economy

Sun, June 4, 2023 | 00:01

Are Korea's foreign exchange reserves enough to absorb external shocks?

Are Korea's foreign exchange reserves enough to absorb external shocks?

As the gap between the key interest rates of Korea and U.S. has expanded to a historic high, market watchers are debating whether the country holds enough foreign exchange reserves to weather external shocks.

2023-05-09 15:59

[1st YEAR in OFFICE] Yoon's economic team somewhat successful in juggling growth, inflation

1st YEAR in OFFICEYoon's economic team somewhat successful in juggling growth, inflation

President Yoon Suk Yeol's economic policy team appears to have been somewhat successful in striking a balance between growth and inflation, a priority task set for it after Yoon took office a year ago, according to analysts.

2023-05-09 15:48

1st YEAR in OFFICEPresident strives to create biz-friendly conditions

Foreigners buy $4.5 billion of Korean stocks, bonds in April

Foreigners buy $4.5 billion of Korean stocks, bonds in April

Foreign investors bought a net 5.96 trillion won ($4.5 billion) worth of Korean stocks and bonds in April, logging the biggest monthly purchase in 16 months, the country's financial regulator said Tuesday.

2023-05-09 13:27

Int'l tribunal reduces damages Korea owes to Lone Star by $452,898: ministry

Int'l tribunal reduces damages Korea owes to Lone Star by $452,898: ministry

An international tribunal has accepted the Korean government's request and reduced the damages it has to pay to the U.S. private equity firm Lone Star Funds by about 600 million won ($452,898), the justice ministry said Tuesday.

2023-05-09 11:30

Gov't pressures manufacturers to curb food prices

Gov't pressures manufacturers to curb food prices

The government is urging food manufacturers to control their prices as they continue to rise despite the relative stabilization of other consumer prices. While production costs are soaring, concern is being raised that the government pressure may only end up in a sudden and steep increase in food prices, which would further burden consumers.

2023-05-08 15:52

Korea's economy sluggish on weak exports; domestic demand limits wane

Korea's economy sluggish on weak exports; domestic demand limits wane

The Korean economy remains sluggish amid ailing exports, but its downward trend has been moderated due to a recovery in its domestic consumption, a state-run think tank said Monday.

2023-05-08 13:48

FSC eases regulations to spur M&As

FSC eases regulations to spur M&As

In a move to foster active corporate M&As to bring about economic innovation, the Financial Services Commission (FSC), the country's top financial regulator, has decided to ease the financial burden on potential buyers to prove their capital qualifications, when it comes to launching tender offers.

Anna J. Park | 2023-05-07 16:45

Korea likely to slash 2023 growth forecast amid plunging exports

Korea likely to slash 2023 growth forecast amid plunging exports

Korea is leaning toward revising down its growth forecast for this year, in the face of a deepening export slump, a weaker-than-expected spillover effect of China's reopening and other worsening economic risks here and abroad. Earlier this year, both the Ministry of Economy and Finance and the Bank of Korea (BOK) estimated the country's economy to expand by 1.6 percent in 202...

2023-05-07 16:29

ADB participants enjoy business opportunities, cultural experiences

ADB participants enjoy business opportunities, cultural experiences

As the 56th annual meeting of the Asian Development Bank (ADB) drew to a close on Thursday, participants crowded the networking hub at Songdo Convensia in Incheon, hoping to seize a final opportunity to find potential business partners.

2023-05-05 17:21

Taming inflation still in focus, extra budget not under consideration: Choo

Taming inflation still in focus, extra budget not under consideration: Choo

The finance minister said Thursday taming inflation remains the top priority for the country's economic policy, noting a hasty transition may reignite inflationary pressure.

2023-05-04 20:09

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