Economy

S. Korea's Per Capita Income Sees Sharpest Drop in 10 Years

Written: 2020-03-03 13:38:49 / Updated: 2020-03-03 13:58:06

South Korea's per capita income, in terms of U.S. dollar value, saw the sharpest drop in ten years last year. According to the Bank of Korea ...

Economy

Supplementary Budget Plan to Combat COVID-19 Likely to Surpass MERS Extra Budget

Written: 2020-03-02 11:02:55 / Updated: 2020-03-02 11:08:44

The government and the ruling camp are seeking to draft a larger supplementary budget plan on the COVID-19 outbreak than the extra budget earmarked ...

Economy

S. Korea's Exports Rise 4.5% in February

Written: 2020-03-01 13:58:54 / Updated: 2020-03-01 14:00:19

South Korea's exports posted growth for the first time in 15 months in February amid the outbreak of the novel coronavirus.   According ...

Economy

Hyundai Motor Halts Ulsan Plant After Worker Diagnosed with COVID-19

Written: 2020-02-28 15:48:30 / Updated: 2020-02-28 16:01:41

One worker at Hyundai Motor's No. 2 Ulsan plant was diagnosed with the novel coronavirus Friday morning, immediately prompting a suspension of ...

Economy

KOSPI Plunges 3.3% over Virus Concerns

Written: 2020-02-28 15:40:11 / Updated: 2020-02-28 15:56:49

The benchmark Korea Composite Stock Price Index(KOSPI) plunged 67-point-88 points, or three-point-30 percent, on Friday amid the rapid spread ...

Economy

Gov't to Submit Extra Budget Bill Totaling More Than 6.2 Tln Won Next Week

Written: 2020-02-28 13:55:53 / Updated: 2020-02-28 14:37:11

Related News

S. Korea Announces Stimulus Measures to Minimize Fallout from COVID-19 Outbreak

S. Korea to Take Measures to Stabilize Markets Should Volatility Expand 'Abnormally'

Economy

S. Korea Announces Stimulus Measures to Minimize Fallout from COVID-19 Outbreak

Written: 2020-02-28 13:25:45 / Updated: 2020-02-28 13:58:35

Starting March until June, the South Korean government will double the income tax deduction rate for debit and credit card use and slash special ...

Economy

S. Korea to Take Measures to Stabilize Markets Should Volatility Expand 'Abnormally'

Written: 2020-02-28 11:52:09 / Updated: 2020-02-28 12:07:21

The South Korean government vowed to take stern measures to stabilize financial markets should volatility expand "abnormally." At a meeting ...

Economy

IMF Likely to Downgrade Global Economic Growth Outlook Due to Virus

Written: 2020-02-28 09:18:27 / Updated: 2020-02-28 13:00:35

The International Monetary Fund(IMF) is likely to downgrade its global economic growth forecast.  IMF spokesperson Gerry Rice said Thursday ...

Economy

S. Korean Economy Saw Increase in Production, Decrease in Consumption in Jan.

Written: 2020-02-28 09:03:12 / Updated: 2020-02-28 09:12:37

South Korea saw an increase in production but decrease in consumption and investment last month.  According to Statistics Korea on Friday, ...