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Finance

Economy

Thu, October 28, 2021 | 19:15

Korea logs current account surplus for 16th month in August

South Korea posted a current account surplus for the 16th straight month in August as exports remained robust and revenue from cargo shipping rose amid the global economic recovery, the central bank said Thursday.

2021-10-07 09:58

Inflation growth hits over 2 percent for 6th straight month in September

South Korea's consumer prices grew more than 2 percent for the sixth consecutive month in September due to high prices of farm and oil products, data showed Wednesday, indicating a build-up of inflationary pressure amid an economic recovery.

2021-10-06 10:37

Exports set fresh high in September on solid shipments of chips

South Korea's exports have extended their gains to 11 consecutive months and set a record high level by rising 16.7 percent, data showed Friday, maintaining solid growth despite growing concerns over the spread of COVID-19 variants around the globe.

2021-10-01 13:54

'Greenflation' concerns mount amid ESG drive

The specter of “greenflation,” as defined by surging commodity prices due to rising demand amid production cuts during a green transition phase, is weighing on the economy, already crippled significantly by COVID-19-oriented inflation woes over the past year. The recent price increase in raw materials for green energy including aluminum, a crucial material for electric vehicl...

Lee Kyung-min | 2021-10-01 10:46

Production, consumption, investment fall in August amid 4th wave of pandemic

South Korea's industrial output, retail sales and investment declined in August from the previous month in the latest sign that economic recovery momentum slowed amid the fourth wave of the pandemic, data showed Thursday.

2021-09-30 11:08

Looming 'China risk' burdening Korean economy

The prospect of a much-awaited economic recovery is feared to be weighed down by recent risks brought on by electricity shortages in China, the largest trading partner of export-reliant Korea.

Lee Kyung-min | 2021-09-29 16:30

Number of farmers, fishermen continues to fall in Korea

The number of South Koreans in the agrofisheries sector is continuing to fall because of a rapid aging and urbanization trend in the country, government data showed Tuesday.

2021-09-28 12:12

Personal, corporate bankruptcies surge due to economic impacts of COVID-19

Personal and corporate bankruptcies filed in South Korea showed a double-digit increase last year, a report said Monday, due mainly to the economic impact of the COVID-19 pandemic.

2021-09-27 10:33

[Contribution] Shortages are going away: What will this mean for Korean exports?

It's been 18 months since the COVID-19 pandemic hit the economies of developed nations. In the U.S., the recession lasted for a mere two months, but it turned out to be the deepest one in history.

2021-09-25 09:28

Korea unattractive to foreign investors: Ambrosetti report

Korea ranked eighth out of 148 countries and last out of five major Asian economies this year in terms of global attractiveness, a report by a European think tank showed.

Lee Kyung-min | 2021-09-23 09:01

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