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Reporter : Lee Kyung-min
Thu, January 20, 2022 | 01:44
Green library
Shinhan Card Brand Strategy Division head Lee Byung-ho, right, and Songpa District Office chief Park Sung-soo hold a sign celebrating the opening of a library in Seoul containing furniture made of recycled materials, Dec. 24. Courtesy of Shinhan Card
[Contribution] It's not stagflation. It's steady-state expansion
In 2021, Korea economy was in what we call a “Goldilocks” phase. In this phase, GDP growth accelerated to above-trend. Inflation remained benign, and policies were big and easy, with active fiscal policies and loose financial conditions aided by the Bank of Korea's monetary accommodation.
Samsung Electronics bounces back on foreign buying spree
Samsung Electronics shares climbed back to an intra-day high of 80,000 won ($67.30), Thursday, on the back of a foreign buying spree and eased concerns over a slowdown in the semiconductor industry. Investor sentiment got a further boost after global chipmaker Micron announced upbeat profit guidance figures. The Korean electronics giant's stock price exceeded the psychologica...
Over 4 in 5 Korean firms 'discriminated' against in China: FKI report
More than four out of five Korean firms in China find the local investment conditions worse than 10 years ago and believe that they are being discriminated against by their Chinese business counterparts, a survey showed Wednesday.
Nearly 9 in 10 foreign nationals in Korea want to extend their stays
Almost nine out of 10 foreign nationals in Korea without permanent residency want to extend their stay, government data showed Tuesday.
Korea to maintain expansionary fiscal policy in 2022
The government will continue to maintain its expansionary fiscal policy next year, to provide the impetus for an economic recovery in the first half by frontloading 63 percent of the massive 608 trillion won ($509.8 billion) annual budget, the finance ministry said Monday. The decision is part of the 2022 Policy Directives unveiled by the Ministry of Finance and Economy, aime...
Presidential candidates desperate to court agricultural voters ahead of CPTPP
The two leading presidential candidates called for the government to buy rice to reduce the market supply, Friday, a discretionary measure to limit sharp falls in the price for the staple crop.
Salaried workers frustrated by inflation
Inflation is no longer a term used only by scholars to describe the economy, as illustrated by salaried workers clearly experiencing a surge in prices of nearly all frequently purchased goods and services as well as borrowing costs while their monthly paycheck see little growth.
Korea closer to joining CPTPP
Deputy Prime Minister and Finance Minister Hong Nam-ki said Monday the country has officially initiated steps to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Korea to raise inflation target to above 2% next year
The government is expected to raise its annual inflation target for next year to above 2 percent, in an unprecedented revision reflecting the rapid, sustained price rises for goods and services.
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