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The Korea Times

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Economy

Thu, September 28, 2023 | 09:05

Consumer sentiment hits 4-month low in Sept. amid slowdown woes

Consumer sentiment hits 4-month low in Sept. amid slowdown woes

Korea's consumer sentiment slid to a 4-month low in September amid woes over an economic slowdown, slumping exports and weakened spending power, a poll showed Tuesday.

2023-09-26 09:56

Industry minister meets SME leaders

Industry minister meets SME leaders

Minister of Trade, Industry and Energy Bang Moon-kyu, fourth from right, poses with the Korea Federation of Small and Medium Business (KBIZ) Chairman Kim Ki-Mun, fourth from left, and other KBIZ members at KBIZ headquarters in Yeouido, Seoul, Monday. KBIZ is the country's first economic association that the minister has met in person since his appointment last week. The minis...

2023-09-25 15:32

Past and present of taxpayer advocacy administration

Past and present of taxpayer advocacy administration

A man became financially strapped due to wage garnishment for tax debt and could not pay the hospital bills for his old mother who had dementia. He filed a complaint at the tax office in his jurisdiction.

2023-09-25 11:40

Exports of agro-fisheries products inch up through September

Exports of agro-fisheries products inch up through September

Korea's exports of farm and fisheries products had marked a slight on-year growth this year as of mid-September on the solid global demand for instant noodles and other food items in line with the popularity of Korean culture, the agriculture ministry said Monday.

2023-09-25 11:34

Korea logs 2nd-largest trade surplus in IP rights in first half of 2023

Korea logs 2nd-largest trade surplus in IP rights in first half of 2023

Korea racked up the second-largest surplus in the trade of intellectual property (IP) rights in the first half of the year on increased exports of cultural content, central bank data showed Friday.

2023-09-22 13:55

Foreign currency deposits snap 3-month rise in August

Foreign currency deposits snap 3-month rise in August

Foreign currency deposits dipped in August as exports settlements and overseas investments increased, central bank data showed Friday.

2023-09-22 13:55

Fed's hawkish pause on rates burdens Korean economy

Fed's hawkish pause on rates burdens Korean economy

The Korean economy appears destined to continue experiencing the negative impact of high U.S. interest rates following the U.S. Federal Reserve’s hawkish pause on its policy rates, according to analysts, Thursday. The Fed on Wednesday left its benchmark lending rates unchanged at a range of 5.25 percent to 5.5 percent for the second straight meeting since July.

2023-09-21 16:50

COVID-19 deaths hit record high in Korea for 2022

COVID-19 deaths hit record high in Korea for 2022

A record-high number of deaths - 372,939 - hit Korea last year as the COVID-19 pandemic took the lives of older people who are especially vulnerable to the infectious disease, data showed on Thursday.

2023-09-21 16:27

Exports up 9.8% during first 20 days of Sept.

Exports up 9.8% during first 20 days of Sept.

Korea's exports moved up 9.8 percent on-year in the first 20 days of September due to a higher number of working days, but shipments of chips and petroleum products remained sluggish, data showed Thursday.

2023-09-21 10:07

30 people purchased 8,000 homes: data

30 people purchased 8,000 homes: data

Nearly 8,000 homes were purchased by just 30 people over the past five and a half years, data showed on Wednesday.

Yi Whan-woo | 2023-09-21 08:48

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