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Financial support, tailored measures eyed to boost investment, create more jobs

South Korea's government said Wednesday that it will provide more financial assistance and tax incentives to boost sluggish facility investment, accelerate deregulation, stimulate innovation-led growth and create jobs. The finance ministry said the current slump in the job market and ... Read More

Korea to firmly deal with trade protectionism: finance minister

South Korea will firmly deal with the growing trade protectionism and actively seek to create new overseas markets via free trade pacts, the country's top economic policymaker said Tuesday. South Korea is seeking to join the fledgling Pacific trade pact, ... Read More

Public corporations troubled with falling profits, rising debts

Korea’s public corporations are set to suffer from shrinking profits and mounting debt, largely due to what critics view as the Moon Jae-in administration’s ill-conceived policies on energy and employment. Since its launch in May last year, the Moon government ... Read More

S. Korea’s competitiveness boosted by macroeconomics, ICT: report

South Korea’s global competitiveness has made some progress this year on the back of its strong macroeconomic fundamentals and ICT, but continues to face challenges concerning market autonomy, corporate hierarchy, diversity and innovation, a global report showed Wednesday. According to ... Read More

Korea inks $600m investment deals with European firms: trade ministry

South Korea has clinched new investment deals totaling $600 million with firms in European Union countries, achieving the annual target for foreign direct investment, Seoul’s trade ministry said Monday. The Ministry of Trade, Industry and Energy said it secured the ... Read More

Percentage of household savings falls to lowest level since 1975 in H1: BOK

The percentage of household savings held by local lenders fell to the lowest level since 1975 in the first half of the year, as low interest rates caused people to invest their money in real estate and stocks, central bank ... Read More

S. Korean Exports, Domestic Consumption Remain Solid amid Growing Uncertainties

The Finance Ministry has assessed the nation's exports and consumption are maintaining solid growth pace but investment and employment remain sluggish. The ministry on Friday said in its monthly economic assessment report that the economy is on a firm growth ... Read More

Korean economy underperforms growth potential

Economists have raised the alarm on the weakening growth momentum of the Korean economy, calling on the government to take steps to prevent the country from being stuck in a prolonged slowdown. Local research institutes predict that Asia’s fourth-largest economy ... Read More



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