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Finance

Economy

Tue, March 9, 2021 | 00:45

Korea's GNI drops amid pandemic shock

Korea's GNI drops amid pandemic shock

Korea's per capita gross national income (GNI) dropped in 2020, declining for the second-straight year, in the face of an overall economic contraction amid the pandemic shock, the Bank of Korea (BOK) said Thursday.

Lee Min-hyung | 2021-03-04 16:13

Consumer price growth at 1-year high in February

Consumer price growth at 1-year high in February

South Korea's consumer prices grew at the fastest pace in one year in February due largely to a sharp rise in prices of agricultural and livestock products, data showed Thursday. The consumer price index rose 1.1 percent on-year in February, compared with a 0.6 percent on-year gain the previous month, according to the data compiled by Statistics Korea.

2021-03-04 09:42

Fear of 'taper tantrum' likely to weigh on Korean stock market in 2021

Fear of 'taper tantrum' likely to weigh on Korean stock market in 2021

Fears over a recurrence of the 2013 “taper tantrum” will likely start escalating in 2021, but the Korean stock market should brace for earlier-than-expected tapering - the gradual reduction in quantitative easing - from the U.S. Fed, amid rising inflationary pressure, market experts said Tuesday.

Lee Min-hyung | 2021-03-03 08:30

Korea's industrial output declines for first time in 8 months in January

Korea's industrial output declines for first time in 8 months in January

South Korea's industrial output declined for the first time in eight months in January, data showed Tuesday, in the latest sign that the country's economic recovery momentum still remains weak amid the pandemic. The industrial output declined 0.6 percent in January from the previous month, compared with a 0.4 percent on-month gain in December last year, according to the data ...

2021-03-02 10:38

Korea's exports rise 9.5% in February

Korea's exports rise 9.5% in February

South Korea's exports rose 9.5 percent in February from a year earlier to extend their gains for the fourth consecutive month on robust shipments of chips, autos and other key products, data showed Monday. Exports came to US$44.8 billion last month, compared with $40.9 billion a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.

2021-03-01 09:29

Rise in US treasury yields unlikely to prompt tantrum for stocks

Rise in US treasury yields unlikely to prompt tantrum for stocks

A recent steep rise in U.S. bond yields and a possible signal of U.S. inflation worries have some Wall Street investors wary that a repeat of the 2013 “taper tantrum” is in sight, possibly affecting the local stock market.

Kim Yoo-chul | 2021-02-22 16:53

Targeted support to pandemic-hit sectors is desirable for S. Korea: OECD chief

Targeted support to pandemic-hit sectors is desirable for S. Korea: OECD chief

The head of the Organization for Economic Cooperation and Development (OECD) recommended Wednesday that South Korea provide targeted support to the sectors hit hard by the pandemic in light of growing pressure on public finances.

2021-02-17 20:53

Price check

Deputy Prime Minister and Finance Minister Hong Nam-ki, right, checks the prices of key agricultural produce in high demand ahead of the Lunar New Year, holidays which start Thursday, at a branch of NongHyup Hanaro Mart in Chang-dong, Seoul, Wednesday. Courtesy of Ministry of Economy and Finance

Lee Kyung-min | 2021-02-10 18:10

Job market woes deepen in Korea

Job market woes deepen in Korea

Korea shed 982,000 jobs in January following social distancing measures that were strengthened on Dec. 8 due to a third wave of COVID-19 infections, continuing a rapid decline in jobs seen over the previous 11 months.

Lee Kyung-min | 2021-02-10 16:04

Banks feared to extend 'weak' recruitment practices in 2021

McKinsey expects Korea to normalize in Q2 next year

McKinsey expects Korea to normalize in Q2 next year

The Korean economy is unlikely to climb back to pre-pandemic levels until the second quarter of 2022, despite the government's ambitious plan to achieve a return to normal during the first half of this year, according to McKinsey & Company's managing partner for Korea. Andre Andonian, who became the new head of the global management consulting firm's Seoul office earlier this...

Park Jae-hyuk | 2021-02-03 13:44

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