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Finance

Economy

Tue, June 22, 2021 | 22:28

Inflation fears weighing on Korean economy

The specter of inflation is looming larger and larger, with the nation's producer price growth hitting its highest level in nearly 10 years, amid soaring raw material and oil prices, fueled by a rebound in international trade. Given the fact that producer price increases are reflected in consumer prices with a time lag of a few months, inflation woes will further deepen in th...

Lee Kyung-min | 2021-06-22 17:21

Value of household chores up 36% in 2019 from 5 years earlier

The value of household chores grew nearly 36 percent in 2019 from five years earlier, with men's participation in such work rising amid an increase in one-person households and double income families, data showed Monday.

2021-06-21 14:00

Exports up 29.5% in first 20 days of June

South Korea's exports rose 29.5 percent on-year in the first 20 days of June on the back of robust demand for chips, autos and petroleum products, customs data showed Monday.

2021-06-21 10:56

Desperate Koreans bidding for 'lotto' apartments to move up property ladder

Kim Hyun-seop buys a lottery ticket once in a while, hoping to get on the fast track to his dream: buying a decent home in Seoul.

2021-06-18 10:30

Korea's global competitiveness ranking stays at 23rd in 2021: report

South Korea's global 8 ranking remained unchanged this year after rising by five notches in the previous year on the back of its efforts to contain the pandemic, a report showed Thursday.

2021-06-18 08:12

Corporate sales rebound, profit margin grows in Q1 amid pandemic

South Korean companies saw their profitability continue their growth in the first quarter, with their sales rebounding from the fallout of the COVID-19 pandemic, central bank data showed Thursday. The ratio of operating profit to sales of firms in the country reached 6.4 percent in the first quarter, up from 4.2 percent tallied a year ago, according to the data by the Bank of...

2021-06-17 14:00

Korea on track for faster economic recovery

Korea added over 600,000 jobs in May, marking two-straight months of growth, aided by recoveries in exports and private consumption, no additional strengthening of social distancing measures and a low base effect from a year earlier, according to government data released Wednesday.

Lee Kyung-min | 2021-06-09 16:26

World Bank sees 5.6% global growth in 2021, best since 1973

The World Bank is upgrading the outlook for global growth this year, predicting that COVID-19 vaccinations and massive government stimulus in rich countries will power the fastest worldwide expansion in nearly five decades.

2021-06-09 13:49

Job additions stretched to 3rd month in May

South Korea reported job growth for the third straight month in May, data showed Wednesday, in the latest sign that the job market is recovering from slumps caused by the pandemic.

2021-06-09 09:40

Current account surplus sharply narrows in April on higher oil prices

South Korea's current account surplus sharply narrowed in April as higher oil prices increased the country's import bill, the central bank said Tuesday.

2021-06-08 09:48

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