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S. Korea’s June 1-10 exports jump 20% on more working days

S. Korea’s June 1-10 exports jump 20% on more working days

South Korea's exports soared in the first 10 days of June from a year earlier, mainly due to a calendar effect but raised hopes for a recovery in global trade as more nations eased coronavirus lockdown measures. The country's outbound ... Read More
State COVID-19 relief funds used mostly for dining out, grocery shopping: ministry

State COVID-19 relief funds used mostly for dining out, grocery shopping: ministry

The state coronavirus relief funds have been spent mostly on dining out and grocery shopping, the interior ministry said Wednesday, based on an analysis of credit card data. The Ministry of Interior and Safety analyzed credit and debit card transactions ... Read More
Korea’s money supply grows by record amount in April

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

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