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Finance

Economy

Fri, September 30, 2022 | 09:47

Korea added to watch list for inclusion in FTSE Russell's bond index

Korea was added to a watch list for the potential inclusion in the World Government Bond Index (WGBI) operated by FTSE Russell, a move that could help the country better lure foreign investment, the finance ministry said Friday.

2022-09-30 09:40

Tax commissioners' meeting

National Tax Service (NTS) Commissioner Kim Chang-ki, left, poses with OECD Forum on Tax Administration Chair Bob Hamilton, center, and Australian Taxation Office Commissioner Chris Jordan, right, at the 15th Plenary meeting of the OECD Forum on Tax Administration held in Sydney, ...

Yoon Ja-young | 2022-09-30 09:00

Industrial output falls for 2nd month in August

Korea's industrial output fell in August for a second month in a row, data showed Friday, amid weakening growth momentum over deepening external uncertainties.

2022-09-30 08:45

BOK to sell 9.9 tln won worth of monetary stabilization bonds next month

Korea's central bank said Thursday it will issue a larger amount of monetary stabilization bonds (MSBs) in October from a month earlier to better manage market liquidity.The Bank of Korea (BOK) said it plans to sell 9.9 trillion won (US$6.89 billion) worth of MSBs next month, compared with 8.8 trillion won worth of bonds scheduled to be sold this month.The MSB is a policy too...

2022-09-29 21:04

Currency swap with US urged as last resort against worst-case scenario

Korea should immediately sign a currency swap agreement with the United States, experts said Thursday. They said the Bank of Korea (BOK) needs to make a preemptive move amid escalating economic and financial uncertainties here and abroad represented by the soaring won-dollar exchange rate.

Lee Min-hyung | 2022-09-29 16:54

Korea's default risk rises to peak level during pandemic outbreak

Korea's credit default swap (CDS) premium, a representative indicator that shows the country's risk of bankruptcy, has not only reached the highest point for this year, but it has also reached its highest level during the pandemic outbreak.

Anna J. Park | 2022-09-29 16:13

Currency swap with US urged as last resort against worst-case scenario

Korea's 100 richest in housing own 21,000 homes

The country's richest 100 people in terms of housing ownership possess nearly 21,000 homes. The total official value of these homes exceeds 2.5 trillion won ($1.74 billion). According to Statistics Korea data submitted to Rep. Kim Hoi-jae of the main opposition Democratic Party of Korea, the 100 most prolific homeowners in the country owned 20,689 units of housing as of 2020....

Yoon Ja-young | 2022-09-29 15:36

Tax revenue up 41 tln won through August

Korea's tax revenue increased 41 trillion won ($28.8 billion) in the first eight months of this year compared with a year earlier as the collection of corporate and income taxes rose, the finance ministry said Thursday.

2022-09-29 14:01

Trade terms hit record low in August

Korea's terms of trade fell to the lowest point in August, marked by a fall in prices of semiconductors and petrochemicals, central bank data showed Thursday.

2022-09-29 13:40

Fitch keeps Korea's credit rating unchanged at 'AA-,' outlook stable

Global credit appraiser Fitch Ratings said Wednesday it has reaffirmed Korea's sovereign rating at "AA-" with a stable outlook.

2022-09-28 16:27

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