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Sun, May 22, 2022 | 23:51

Yoon-Biden summit tips Korea's economic axis toward US

The bilateral summit between leaders of Korea and the United States, Saturday, shows Seoul's tilt toward the U.S. concerning the economy, which accordingly is anticipated to benefit from the Washington-led alliance in global supply chain networks and trade. But because such a move could mean an end to Seoul's double allegiance to Washington and Beijing, they have the risk of ...

Yi Whan-woo | 2022-05-22 16:54

Will BOK take 'big step' to tame inflation?

While it is almost certain that the Bank of Korea (BOK) will raise its key interest rate during this week's policy meeting scheduled for Thursday, aiming to curb the country's rising inflation, the question for now is whether the central bank will take a 'big step,' or an interest rate hike of over 50 basis points this month.

Anna J. Park | 2022-05-22 16:50

Can Indo-Pacific help Korea reduce reliance on Chinese market?

HONG KONG - South Korean President Yoon Suk-yeol is gearing up to reorganize the country's trade relations by reducing dependence on China and building “supply chain alliances”. The world's No. 2 economy is by far Korea's largest trading partner, accounting for 25 percent of total trade last year, followed by the United States' share of 15 percent.

Kim Bo-eun | 2022-05-21 09:00

Korea to face 'grave' inflation risk for time being: official

Korea is expected to face a "grave" risk from rising inflation for the time being, as the recovery of consumption will further add price pressure amid high energy costs, a senior government official said Friday.

2022-05-20 11:31

Producer prices up for 4th month in April on energy, raw material price hikes

Producer prices here grew for the fourth straight month in April as hikes in energy and raw material prices drove up the costs of manufacturing products, central bank data showed Friday.

2022-05-20 09:40

Summit could pave way for currency swap: analysts

A possible revival of an expired currency swap contract between Korea and the United States is raising hopes here, as the agenda to be covered during a scheduled summit between the leaders of the two countries in Seoul, Saturday, apparently prioritizes close links between the economy and national security. But while it remains uncertain if a bilateral currency swap is on the ...

Yi Whan-woo | 2022-05-20 08:26

[INTERVIEW] Reviving currency swap deal with US is matter of restoring trust: ex-FSC chief

The possible revival of a currency swap deal between Korea and the United States has emerged as a hot issue mainly due to concerns over the weakening Korean won against the U.S. dollar. But it is also a matter of restoring bilateral trust, says Institute for Global Economics (IGE) Chairman and CEO Jun Kwang-woo, in the lead-up to the first summit between the leaders of Korea ...

Yi Whan-woo | 2022-05-19 15:38

Household income grows at fastest pace in Q1 on economic recovery

Household income grew at the fastest pace on record in the first quarter on the back of the economic recovery and state relief funds for pandemic-hit merchants, data showed Thursday.

2022-05-19 13:57

Delinquency ratio on bank loans down in March

The delinquency ratio on loans extended by banks here declined in March from a month earlier, the financial watchdog said Thursday.

2022-05-19 12:01

Korea's tax revenue up 10.4 trillion won in March

Tax revenue here increased 10.4 trillion won ($8.16 billion) in March from a year earlier, as the collection of corporate and value-added taxes rose amid the economic recovery, the finance ministry said Thursday.

2022-05-19 11:07

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