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Wed, July 6, 2022 | 03:13
BOK ready to take measures amid market turmoil
BOK ready to take measures amid market turmoil
The central bank said Tuesday it plans to "actively" take steps to stabilize the financial market that has been hit hard by fears about more aggressive rate hikes by the U.S. Federal Reserve than had previously been thought.
2022-06-14 10:08
  • S&P 500 confirms bear market as recession worry grows
Time to embrace possible Korea-US interest rate gap reversal: experts
Time to embrace possible Korea-US interest rate gap reversal: experts
As 40-year-high inflation in the United States is fueling bets on the U.S. Federal Reserve's sharper-than-expected hike in its benchmark interest rate, the possibility of a reversal of the interest rate gap between the U.S. and Korea is higher than ever. Experts urge Korea to embrace that possibility gradually rather than taking excessive countermeasures to prevent it from ha...
Yi Whan-woo | 2022-06-13 16:26
Ruling party considering enacting law on blockchain platforms to regulate cryptocurrencies
Ruling party considering enacting law on blockchain platforms to regulate cryptocurrencies
The ruling People Power Party (PPP) is considering enacting a law on blockchain-based platforms to better regulate cryptocurrencies and protect investors, the party's chief policymaker said Monday.
2022-06-13 16:23
Korea to take action against won's excessive volatility
Korea to take action against won's excessive volatility
The foreign exchange authorities here said Monday they were closely monitoring the foreign exchange market as the Korean currency has shown excessive volatility.
2022-06-13 16:07
Korea faces tough time curbing surge in government debt
Korea faces tough time curbing surge in government debt
Major advanced economies succeeded in decreasing government debt ratios last year, but Korea is seeing the ratio surge despite a huge increase in tax revenues. According to Organization for Economic Cooperation and Development (OECD) data, all of the G7 countries - the U.S., the U.K., France, Germany, Japan, Canada and Italy - saw a decline in the ratio of government debt to ...
Yoon Ja-young | 2022-06-13 16:01
Exports down 12.7% during first 10 days of June
Exports down 12.7% during first 10 days of June
Korea's exports fell 12.7 percent year-on-year in the first 10 days of June due largely to fewer working days, data showed Monday.
2022-06-13 09:46
  • Fears loom over twin deficits, stagflation
Fears loom over twin deficits, stagflation
Fears loom over twin deficits, stagflation
The Korean economy faces heightened risk after the country reported a current account deficit this April for the first time in two years. Coupled with a years-long deficit in the consolidated fiscal balance, these twin deficits are feared to take a heavy toll on the economy. Other risk factors, such as rising inflationary pressure and the soaring won-dollar exchange rate, wil...
Lee Min-hyung | 2022-06-12 16:29
  • Exports down 12.7% during first 10 days of June
US inflation hit a new 40-year high last month of 8.6%
US inflation hit a new 40-year high last month of 8.6%
The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
2022-06-10 21:53
Rhee stresses central banks' role as inflation fighters, hints at additional hikes
Rhee stresses central banks' role as inflation fighters, hints at additional hikes
Bank of Korea (BOK) Governor Rhee Chang-yong underscored the role of central banks as inflation fighters, Friday, warning that inflation could worsen if countermeasures are not taken in a timely manner. He implied that the BOK might raise the benchmark interest rate again in July and August, following five other pandemic-era rate hikes that have been carried out since August ...
Yi Whan-woo | 2022-06-10 16:21
ECB signals rates lift-off, eyes bigger move in September
ECB signals rates lift-off, eyes bigger move in September
The European Central Bank ended a long-running stimulus scheme Thursday and said it would deliver its first interest rate hike since 2011 next month, followed by a potentially larger move in September. With inflation at a record-high 8.1 percent and still rising, the ECB now fears that price growth is broadening out and could morph into a hard-to-break wage-price spiral, hera...
2022-06-10 14:53
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Top 10 Stories
  • Fashionista first lady draws polarized reactions
  • Price-conscious consumers flock to fresh food sales
  • Child porn website operator gets 2-yr prison term for concealing criminal proceeds
  • Korea's inflation growth hits nearly 24-year high in June on fuel costs
  • Son Heung-min recalls experiencing racism in Germany, rejoicing at revenge in World Cup upset
  • US bill expresses concerns over proposed abolishment of Korean ministry of equality
  • 6 dead, 30 wounded in shooting at Chicago-area July 4 parade
  • USFK member accused of alleged DUI on motorcycle
  • Korea to expand nuclear power generation to 30% of total by 2030
  • Korea begins transporting country's 1st lunar orbiter to US for Aug. launch
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

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