KoreaTimes - Economy

Entertainment & Arts

Qatar 2022

SCMP
Asia

Entertainment & Arts

Qatar 2022

SCMP
Asia

Finance

Economy

Tue, November 29, 2022 | 17:53

Finance minister highlights 'consistency' between financial, monetary policies

Finance minister highlights 'consistency' between financial, monetary policies

Korean Finance Minister Choo Kyung-ho highlighted the importance of keeping "consistency" between financial and monetary policies as countries tackle global inflation, the finance ministry said Sunday.

2022-10-16 13:49

BOK chief makes pitch for resilience of financial markets amid heightened volatility

BOK chief makes pitch for resilience of financial markets amid heightened volatility

Korea does not face the same challenge of securing dollars as previous financial crises and currently maintains a "stable" foreign exchange (FX) liquidity position despite recent heightened financial market volatility, Seoul's top central banker said Saturday.

2022-10-15 23:30

Household debt poses serious threat to Korean economy amid soaring interest rates

Household debt poses serious threat to Korean economy amid soaring interest rates

Household debt in Korea is posing a great threat to the economy, as it is growing at a faster pace amid more aggressive credit tightening embraced by the Bank of Korea (BOK) over the past months to tame red-hot inflation.

Yi Whan-woo | 2022-10-14 16:27

BOK braces for financial market volatility following higher-than-expected US inflation data

BOK braces for financial market volatility following higher-than-expected US inflation data

Korea's financial markets will likely see amplifying volatility affected by the U.S.' announcement of higher-than-anticipated inflation data in September that will strengthen the case for the Federal Reserve's sharp interest rate hikes in the coming months, Seoul's central bank said Friday.

2022-10-14 11:07

Import prices up in Sept. as strong dollar sends raw material costs higher

Import prices up in Sept. as strong dollar sends raw material costs higher

Korea's import prices increased for the first time in three months in September as the strong dollar drove up the costs of buying raw materials from abroad despite recently moderating crude oil prices, central bank data showed Friday.

2022-10-14 09:31

Korea adds 707,000 jobs on-year in September

Korea adds 707,000 jobs on-year in September

Korea added jobs for the 19th straight month in September, data showed Friday, but the growth continued to slow for the fourth month in a row amid concerns over a recession.

2022-10-14 09:25

Steep rate hike feared to deal further blow to borrowers

Steep rate hike feared to deal further blow to borrowers

A sharper-than-expected rate hike in Korea is feared to deal a further blow to borrowers who have already been struggling with a snowballing amount of repayments. The Bank of Korea (BOK) carried out a second big-step rate hike, raising the benchmark interest rate by 50 basis points, Wednesday, sending the rate back to 3 percent for the first time since October 2012.

Yi Whan-woo | 2022-10-13 16:17

Choo holds multiple meetings with world finance leaders

Choo holds multiple meetings with world finance leaders

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is holding a string of bilateral and multilateral meetings during his visit to the United States. The purpose of the trip is to attend a gathering of finance ministers from G20 countries as well as the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, D....

Yi Whan-woo | 2022-10-13 15:00

[INTERVIEW] South Korean economy won't enter recession: Moody's

INTERVIEWSouth Korean economy won't enter recession: Moody's

While fears of a global economic recession are directly hitting South Korean equity and currency markets prompting investors to flee the export-driven country, the likelihood of recession here, Asia's fourth-largest economy, is low, according to Moody's Analytics.

Kim Yoo-chul | 2022-10-13 08:25

BOK delivers 2nd 'big step' rate hike to curb inflation, capital flight

BOK delivers 2nd 'big step' rate hike to curb inflation, capital flight

The Bank of Korea (BOK) took another “big step” rate hike of half a percentage point Wednesday in a bid to fight inflation and prevent a possible capital flight amid the sharp depreciation of the Korean currency against the U.S. dollar. It was the second outsized rate increase following one in July, and the fifth consecutive monetary tightening since April. Wednesday's decisi...

Yi Whan-woo | 2022-10-12 16:47

11 12 13 14 15 16 17 18 19 20

Top 10 Stories

1	World Cup 2022 Japan vs Costa Rica

2	PHOTOSWorld Cup 2022 Korea vs Ghana

3	Winter cold to bite starting Wednesday

4	ANALYSISFIFA chief's remarks over World Cup in North Korea raises eyebrows

5	Korea seeks to land on Mars by 2045

6	How bears, old waterwheel helped Hadong County mountain villages go carbon-free

7	BTS' RM honored for helping to preserve overseas Korean cultural artifacts

8	Korea denies media report on lethal aid to Ukraine

9	Government poised to order striking truckers back to work

10	Foreign PEs covet Mom's Touch

DARKROOM