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Korea’s money supply grows by record amount in April
South Korea's money supply grew by the largest amount ever in April on a sharp increase in funds held by local companies apparently seeking to prepare for the shock from the new coronavirus pandemic, central bank data showed Wednesday. The ... Read More
S. Korea suffers largest current account deficit in nearly decade in April
South Korea suffered the largest current account deficit in almost a decade in April due mainly to a sharp decline in exports caused by the coronavirus pandemic, central bank data showed Thursday. The country posted a current account deficit of ... Read MoreS. Korea proposes largest-ever extra budget to battle pandemic
SEJONG -- South Korea on Wednesday proposed another extra budget plan worth 35.3 trillion won ($29 billion) that will help key industries cushion the economic blow from the coronavirus pandemic and protect jobs. The biggest-ever budget, which is subject to ... Read MoreS. Korea’s GDP shrinks by 1.3% amid falling per capita income
South Korea’s real gross domestic product shrank 1.3 percent on-quarter in the first quarter of this year, nearly missing its previous forecast of 1.4 percent, data from the Bank of Korea showed Tuesday. Through the contraction was 0.1 percentage point ... Read MoreJapan keeps mum on S. Korea’s call to lift trade curbs as deadline looms
Japan has not responded to South Korea's renewed call to swiftly retract export restrictions imposed in a row over wartime forced labor, officials here said Sunday, as the deadline for an answer neared. Earlier this month, Seoul gave Tokyo until ... Read MoreGovt. urged to brace for virus-caused weaker growth, job losses
South Korea should map out measures to help cushion the impact of the coronavirus pandemic on its economic growth and employment, a private think tank said Thursday. The novel coronavirus outbreak, which started in China in December, has led to ... Read More