Economy

Gov't Forecasts 3.2% Growth in 2021, Rolls Out Stimulus Measures

Written: 2020-12-17 15:09:16 / Updated: 2020-12-17 15:23:46

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Government Forecasts 3.2% Growth in 2021

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Economy

Government Forecasts 3.2% Growth in 2021

Written: 2020-12-17 14:34:48 / Updated: 2020-12-17 15:26:04

The South Korean government forecast growth of three-point-two percent in 2021, up over four percentage points from this year's projected growth ...

Economy

KOSPI Again Hits All-Time High

Written: 2020-12-16 15:38:30 / Updated: 2020-12-16 16:51:44

South Korea's main stock index has hit another record high after two straight days of losses.  The benchmark Korea Composite Stock Price ...

Economy

Finance Chief Proposes Signing FTA with Eurasian Economic Union

Written: 2020-12-16 15:16:00 / Updated: 2020-12-16 15:19:10

Finance Minister Hong Nam-ki has stressed the need to sign a free trade agreement in services and investment with member states of the Eurasian Economic ...

Economy

Minister Vows to Continue Review of Joining CPTPP

Written: 2020-12-16 13:09:17 / Updated: 2020-12-16 13:37:00

South Korea's Trade Minister Yoo Myung-hee vowed to continue a review of the country's membership to the Comprehensive and Progressive Agreement ...

Economy

Minister Concerned Epidemic Could Have Negative Impact on Job Market

Written: 2020-12-16 11:48:23 / Updated: 2020-12-16 12:02:17

South Korea's Finance Minister Hong Nam-ki cast concerns over the latest wave in the COVID-19 epidemic having a negative impact on the job market. Hong ...

Economy

S. Korea's Job Losses Continue for Ninth Month

Written: 2020-12-16 08:45:47 / Updated: 2020-12-16 18:46:15

South Korea lost more than 270-thousand jobs in November, extending the losing streak to a ninth month amid the COVID-19 pandemic.  According ...

Economy

S. Korea to Shut Down 30 Coal Power Plants by 2034

Written: 2020-12-15 18:43:45 / Updated: 2020-12-15 19:25:40

South Korea will shut down 30 old coal power plants and reduce the number of nuclear power plants to 17 by 2034.  The Ministry of Trade, Industry ...

Economy

KOSPI Ends Tuesday Down 0.19%

Written: 2020-12-15 15:45:20 / Updated: 2020-12-15 19:28:04

The benchmark Korea Composite Stock Price Index(KOSPI) fell five-point-38 points, or zero-point-19 percent, on Tuesday, ending the day at two-thousand-756-point-82. The ...

Economy

Gov’t to Inject 196 Tln won by 2025 to Tackle Population Decline

Written: 2020-12-15 13:49:32 / Updated: 2020-12-15 14:02:38

South Korea's top economic policymaker pledged to inject 196 trillion won by 2025 toward tackling the country's population decline. Finance ...