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Thu, September 21, 2023 | 17:13
Korea's exports down for 11th month in August on weak chip demand
Korea's exports down for 11th month in August on weak chip demand
Korea's exports fell for the 11th consecutive month in August due mainly to weak demand for semiconductors and petroleum products, but the country reported a trade surplus for the third straight month, the industry ministry said Friday.
2023-09-01 09:32
Drops in production, investments, spending cast shadow over Korean economy
Drops in production, investments, spending cast shadow over Korean economy
Three key indicators of industrial productivity - factory output, retail sales and facility investments - all retreated last month, data showed on Thursday, casting a dark cloud over an economic recovery in the second half of this year.
Yi Whan-woo | 2023-08-31 17:06
Tax revenue down $32.7 bil. through July amid lower corporate earnings
Tax revenue down $32.7 bil. through July amid lower corporate earnings
Korea's tax revenue decreased 43.3 trillion won ($32.7 billion) on-year through July this year, data showed Thursday, due to sluggish corporate earnings and a property market slump.
2023-08-31 11:56
Korea designates Oct. 2 as temporary holiday to boost consumption
Korea designates Oct. 2 as temporary holiday to boost consumption
Korea's finance ministry said Thursday the country has decided to designate Oct. 2 as a temporary holiday in the latest move to boost domestic consumption.
2023-08-31 10:44
Korean women enter motherhood at more advanced age
Korean women enter motherhood at more advanced age
Korean women are becoming mothers later in life as the country struggles with a shrinking population and a record-low fertility rate of 0.78, according to data, Wednesday.
Yi Whan-woo | 2023-08-30 16:20
  • Korea's total births, fertility rate fall to record lows in 2022
Gov't to tighten belt further to improve fiscal health
Gov't to tighten belt further to improve fiscal health
The government plans to increase the national budget by 2.8 percent in 2024 compared to this year _ the smallest rate of growth in nearly two decades _ as it pursues belt-tightening measures to improve fiscal health amid an economic slowdown.
Yi Whan-woo | 2023-08-29 17:10
  • Korea to allocate W200 bil. to encourage foreign direct investment in 2024
Korea's trade terms improve for 2nd month in July
Korea's trade terms improve for 2nd month in July
Korea's terms of trade rose for the second month in a row in July as import costs fell at a faster pace than export prices, central bank data showed Tuesday.
2023-08-29 17:00
Korea to allocate W200 bil. to encourage foreign direct investment in 2024
Korea to allocate W200 bil. to encourage foreign direct investment in 2024
The government will allocate a budget of 200 billion won as a subsidy for foreign direct investment here in 2024, a move to help facilitate more capital inflow, particularly in the nationally strategic tech sectors.
Lee Min-hyung | 2023-08-29 16:51
  • Gov't to tighten belt further to improve fiscal health
  • Unification ministry seeks 28% cut in 2024 budget for inter-Korean cooperation fund
COVID-19 special loan repayments on track for 'soft landing'
COVID-19 special loan repayments on track for 'soft landing'
Massive amounts of special loans and benefits granted to small and medium-sized enterprises (SMEs) and mom-and-pop businesses during the COVID-19 crisis are on a stable path to repayment, according to the top financial regulator.
Anna J. Park | 2023-08-29 16:36
Retail sales up 5.9% in July on growing outdoor vacation activities
Retail sales up 5.9% in July on growing outdoor vacation activities
Retail sales in Korea rose 5.9 percent on-year in July as more people enjoyed outdoor activities for summer vacation amid eased antivirus curbs, the industry ministry said Tuesday.
2023-08-29 14:34
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Top 10 Stories
1North Korean escapees tell how nuclear tests ruined their health, hometown North Korean escapees tell how nuclear tests ruined their health, hometown
230 people purchased 8,000 homes: data 30 people purchased 8,000 homes: data
3Korea urged to adopt China exit strategy amid hegemonic war Korea urged to adopt China exit strategy amid hegemonic war
4[INTERVIEW] Putin uses summit with NK leader to stop Seoul from helping Ukraine: expert INTERVIEWPutin uses summit with NK leader to stop Seoul from helping Ukraine: expert
5Foreign ministry asks Japan to investigate case of Korean poisoned with bleach in Tokyo Foreign ministry asks Japan to investigate case of Korean poisoned with bleach in Tokyo
6Unfreezing of funds not likely to restore Korea-Iran ties Unfreezing of funds not likely to restore Korea-Iran ties
7Seoul plans to build Jamsil Sports MICE Complex Seoul plans to build Jamsil Sports MICE Complex
8Merck emphasizes digitalization in semiconductor market Merck emphasizes digitalization in semiconductor market
9Yanolja's aggressive expansion results in voluntary redundancy program Yanolja's aggressive expansion results in voluntary redundancy program
10Global oil price surge stokes stagflation concerns Global oil price surge stokes stagflation concerns
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