KoreaTimes(488) - Economy, Finance, page 10

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Economy

Wed, October 20, 2021 | 10:19

Rising consumer prices fan inflation concerns

Consumer prices rose 2.3 percent in April, mostly due to a spike in agricultural produce prices triggered by the H5N8 bird flu epidemic, as well as a jump in industrial product prices sparked by rising oil prices, data showed Tuesday.

Lee Kyung-min | 2021-05-04 14:15

Consumer price growth at near 4-year high in April

South Korea's consumer prices grew at the fastest pace in almost four years in April on higher prices of farm and oil goods, data showed Tuesday, indicating that Asia's fourth-largest economy may face increasingly inflationary pressure.

2021-05-04 08:41

Exports up for 6th month on upbeat shipments of chips, cars

South Korea's exports jumped 41.1 percent in April from a year earlier, the highest growth in around 10 years, as demand for semiconductors and automobiles stayed strong amid the improving global economy, data showed Saturday.

2021-05-01 15:03

Public firms' debt hits record high in 2020

South Korean public firms' liabilities rose for the third straight year last year to hit a record high as they increased investment amid the pandemic, the finance ministry said Friday. Of 350 state-run companies, the combined debt of 347 firms reached 544.8 trillion won ($491.5 billion) at the end of last year, up 17.9 trillion won from the previous year, according to the Min...

2021-04-30 15:27

Korea's economy grows faster than expected in Q1

Korea's economy expanded at a faster-than-expected pace in the first quarter, buoyed by a modest recovery of exports and fiscal policy support, amid signs that the economy is inching closer to pre-pandemic levels, the Bank of Korea (BOK) said Tuesday.

2021-04-27 10:02

Tourism consumption hit hard by pandemic

Consumption expenditures in South Korea's tourism and leisure sector decreased by more than 20 percent last year due to the coronavirus pandemic, a state-funded think tank said Monday. In particular, foreigners' spending in the domestic tourism and leisure sector plunged by nearly 80 percent and the travel industry was hit hardest among the relevant industries, the Korea Cult...

2021-04-26 15:00

April exports estimated to jump 41%

South Korea's exports are expected to jump 41 percent in April from a year earlier, on the back of a base effect, and robust shipments of chips and autos, a poll showed Monday. The country's outbound shipments are forecast to reach $51.1 billion this month, according to the poll on five local brokerage houses by Yonhap Infomax, the financial news arm of Yonhap News Agency.

2021-04-26 10:04

Slow vaccination may hamper economic recovery

The slow pace of COVID-19 vaccinations here is raising concern that it will stymie the country's much-anticipated economic recovery. This is highly likely to come in line with a rebound in global trade and consumption based on mass vaccination rollouts around the world. Economic experts are warning that if Korea fails to achieve herd immunity by November as planned, Asia's fo...

Yi Whan-woo | 2021-04-25 13:27

Exports of chips, cars tipped to extend their solid growth: report

Exports of semiconductors and automobiles are anticipated to maintain stable growth, according to a report Saturday, as major trade partners resume business activities amid the vaccination rollout to combat the COVID-19 pandemic. "Buoyant global demand for chips has led to severe shortages in some areas, suggesting that exports will remain elevated for some time as customers ...

2021-04-24 09:53

Women suffer greater employment shock than men amid pandemic: report

South Korean women have suffered employment strains more than men amid the pandemic as job posts in the in-person service segment, hard hit by the virus outbreak, sharply eroded, a report showed Thursday. The COVID-19 pandemic has dealt a severe blow to married women in the labor force, compared with previous economic turmoil when married men suffered sharp job losses, accord...

2021-04-22 13:38

1 2 3 4 5 6 7 8 9 10

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.