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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 More

S. 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 More

S. 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 More

Japan 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 More

Govt. 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

전경련 “인니 新행정수도 이전사업 우리기업 참여 확대” 요청

전국경제인연합회는 27일 전경련회관에서 우마르 하디(Umar Hadi) 주한 인도네시아 대사 초청 기업인 조찬간담회를 열고, 코로나19 이후 한-인도네시아 경제협력 증진방안을 논의했다. 간담회에는 전경련 권태신 부회장을 비롯 황수 일진전기 사장, 허경구 한국해외인프라도시개발지원공사 사장을 비롯 롯데케미칼, 대우조선해양, 한화, 두산중공업, 현대자동차, 포스코, KB국민은행, 우리은행, 종근당, ... Read More

Manufacturing Powerhouse S. Korea Expected to See V-shaped Recovery in Post-COVID-19 Period

The International Monetary Fund has forecast that the global economy this year will experience the worst recession since the Great Depression in the 1930s, in the aftermath of the COVID-19 crisis. However, Bloomberg has predicted that manufacturing powerhouse South Korea ... Read More