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Finance

Economy

Sun, April 5, 2020 | 00:42

[INTERVIEW] 'Abandon ideology-driven politics to create dream team'

[INTERVIEW] 'Abandon ideology-driven politics to create dream team'

Waseda University economist Yukiko Fukagawa advised the Moon Jae-in administration to hire economic and diplomatic experts who have no ideological bias, if it wants to overcome the financial crisis that is part of the fallout from the ongoing coronavirus pandemic.

Park Jae-hyuk | 2020-04-02 17:03

Gov't hit for 'bungled' disaster income plan

Gov't hit for 'bungled' disaster income plan

The government has come under heavy criticism for failing to set clear criteria outlining who is eligible to receive “disaster income,” an economic relief package to help those hit by the fallout from the COVID-19 pandemic.

Lee Kyung-min | 2020-04-01 17:42

Korean economy teetering on edge of collapse

Korean economy teetering on edge of collapse

The economy is showing clear signs of slipping into a recession, with economic activities - production, investment and consumption - all plummeting amid the rapid spread of the CVOID-19 pandemic. What is of even more concern is that business confidence has fallen to its worst level since the 2008 global financial crisis, indicating that the situation could turn much worse fur...

Lee Kyung-min | 2020-03-31 17:22

[INTERVIEW] Nobel laureate Stiglitz warns Korea of post-pandemic shocks

[INTERVIEW] Nobel laureate Stiglitz warns Korea of post-pandemic shocks

Nobel Prize-winning economist Joseph Stiglitz warned that Korean chipmakers Samsung Electronics and SK hynix could fall victim to COVID-19 as the coronavirus pandemic will disrupt global supply chains and reduce demand for semiconductors.

Park Jae-hyuk | 2020-03-30 16:53

Real economy showing signs of falling apart

Real economy showing signs of falling apart

The impact of the continuing spread of the novel coronavirus worldwide is sinking in for Korean firms, which are filing for payroll subsidies after seeing their earnings worsen in recent months.

Kim Bo-eun | 2020-03-30 15:20

Gangnam apartment prices jump 84 times in 40 years

Gangnam apartment prices jump 84 times in 40 years

The price of apartments in the affluent district of Gangnam in southern Seoul has risen more than 80 times over the last 40 years, growing far faster than basic living costs, such as rice, data showed, Sunday. According to data from the Hana Institute of Finance, the price per 3.3 square meters of an Eunma Apartment in southern Seoul came to 64.67 million won in 2020, 83.5 ti...

Kim Bo-eun | 2020-03-29 15:47

[INTERVIEW] Harvard economist warns Korea against cash handouts

[INTERVIEW] Harvard economist warns Korea against cash handouts

Harvard University economics professor Robert Barro advised the Moon Jae-in administration against giving a “disaster payout” to all Koreans, amid growing controversy here over a universal basic income in response to the fallout of the coronavirus pandemic.

Park Jae-hyuk | 2020-03-29 15:22

A US recession? Probably. Depression? Only if the virus is untamed

A US recession? Probably. Depression? Only if the virus is untamed

A U.S. recession may already be underway. Could it be worse?The Great Depression that began with a stock market crash in 1929 and lasted until 1933 scarred a generation with massive unemployment and plummeting economic output.

2020-03-28 20:43

Consumer sentiment plummets due to virus spread

Consumer sentiment plummets due to virus spread

Korea's consumer confidence plummeted to the lowest level in a decade due to collapsing economic conditions amid the spread of the novel coronavirus, central bank data showed Friday.

Lee Kyung-min | 2020-03-27 16:40

Market unresponsive to BOK's move for quantitative easing

Coronavirus to hit tourism in Asia-Pacific: report

Coronavirus to hit tourism in Asia-Pacific: report

The outbreak of the new coronavirus is feared to hit tourism in the Asia-Pacific and cause the regional number of tourists to dip more than 10 percent this year, a report said Friday. Asia-Pacific countries are likely to see their combined number of tourist arrivals drop 9 to 12 percent in 2020, bearing the brunt of the fallout from the COVID-19 outbreak, according to the rep...

2020-03-27 13:40

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