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Finance

Economy

Thu, October 1, 2020 | 17:02

Sept. exports rebound for first time in seven months on chips, autos

Sept. exports rebound for first time in seven months on chips, autos

South Korea's exports rebounded for the first time in seven months in September, data showed Thursday, helped by increased shipments of chips and automobiles as major trade partners gradually resumed their business activities amid the pandemic. Outbound shipments came to US$48 billion last month, up 7.7 percent from $44.6 billion posted a year earlier, according to the data c...

2020-10-01 10:27

Top 0.1 percent South Koreans earned $1.26 million in 2018

Top 0.1 percent South Koreans earned $1.26 million in 2018

The highest 0.1 percent of the income bracket in South Korea earned 1.47 billion won (US$1.26 million) in 2018, over 60 times more than that for median income earners, government data showed Monday.

2020-09-29 11:16

V-shaped economic recovery becomes elusive

V-shaped economic recovery becomes elusive

The Korean economy will not be able to recover in the third quarter despite previous expectations due to record-long heavy rainfall and stricter social distancing put in place to prevent further spread of COVID-19 following an Aug. 15 rally in Seoul, experts said Monday.

Lee Kyung-min | 2020-09-28 17:10

Forecasting Korean economy

Forecasting Korean economy

French Korean Chamber of Commerce and Industry (FKCCI) Chairman David-Pierre Jalicon, third from left, poses with French Embassy in Korea Economic Department Head Michel Drobniak, fourth from left, and other speakers of the Economic Forecasts 2020 event held online on Monday. The FKCCI said participants shared optimism about Korea's ability to rebound quickly and mitigate the...

Nam Hyun-woo | 2020-09-16 15:42

Seoul shares to encounter volatility in coming week

Seoul shares to encounter volatility in coming week

Shares here shares are likely to trade in a tight range in the coming week on valuation concerns, analysts said Saturday.

2020-09-12 13:34

Virus exacerbates job market woes

Virus exacerbates job market woes

The COVID-19 pandemic continued to trouble the Korean job market in August, illustrated by the monthly job loss extending for the sixth consecutive month, a record-long continuation since the period from January to August in 2009 in the aftermath of the global financial crisis.

Lee Kyung-min | 2020-09-09 17:06

Korea loses 274,000 jobs in August

Korea loses 274,000 jobs in August

South Korea lost about 274,000 jobs in August, marking a decline in the number of the employed for the sixth consecutive month, as the coronavirus pandemic hammered job markets, data showed Wednesday. The country's jobless rate rose by 0.1 percentage point on-year to 3.1 percent in August, with the number of employed people falling to 27.08 million, according to the data comp...

2020-09-09 11:38

Virus to take heavy toll on Korean economy

Virus to take heavy toll on Korean economy

The economy is expected to bear the full brunt of the recent flare-up of COVID-19 infections, as evidenced by continued downward revisions regarding growth, compounded by deteriorating fiscal soundness following four extra budgets drawn up for emergency relief.

Lee Kyung-min | 2020-09-08 17:08

No. of self-employed tumbles amid pandemic

No. of self-employed tumbles amid pandemic

The number of self-employed people in South Korea has fallen at a far faster pace in 2020 than last year in the wake of the coronavirus outbreak, data showed Tuesday. Asia's fourth-largest economy had 5.548 million self-employed people as of the end of July, down 127,000 from the same month a year earlier, according to the data from the Korea Small Business Institute and Stat...

2020-09-08 11:37

Seoul stocks trim losses late Friday morning

Seoul stocks trim losses late Friday morning

South Korean shares slightly trimmed earlier losses late Friday morning, but continued to trade bearish over an overnight plunge on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) fell 35.93 points, or 1.5 percent, to 2,359.97 as of 11:20 a.m.

2020-09-04 13:15

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