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Economy

Mon, December 6, 2021 | 10:45

Wealthy Koreans see their assets surge in value during pandemic

Among the 30 percent of high-income earners, excluding the top 10 percent, the next 20 percent of the wage bracket saw the value of their assets surge by nearly 150 million won ($126,000) on average over the past year even as the coronavirus pandemic wreaked havoc on the economy, according to a survey published Sunday. Conducted by Woori Finance Research Institute (WFRI) on 4...

Anna J. Park | 2021-12-05 16:41

Gov't balks at complete resumption of short-selling

The government remains uncertain about the complete resumption of short-selling on the Seoul bourse, despite plans to resume talks with the MSCI, for the Korean equity market to be classified by the American index provider as a “developed market.”

2021-12-05 15:24

[Contribution] Korea emerging from pandemic with strong economic outlook and chance to improve

Following an extraordinary growth history since the end of the Korean War, Korea is now one of the world's leading economies ranking 10th in the world in terms of nominal GDP.

2021-12-04 09:18

WTO joint statement to enhance transparency in services industry

Korean firms will be able to expand their overseas business more efficiently, a move outlined in a joint initiative statement signed by 67 member countries of the World Trade Organization (WTO), the trade ministry said Friday.

2021-12-03 15:39

Inflation woes grip Korean economy

The much-dreaded persistence of inflation is no longer transitory, as implied by statistics agency data which showed Korea's consumer price growth registering 3.7 percent in November, the second monthly consecutive increase exceeding the psychologically significant 3 percent mark.

2021-12-02 16:50

FSS chief meets with asset management leaders

Financial Supervisory Service (FSS) Governor Jeong Eun-bo, fifth from right, stands next to CEOs of local asset management companies who participated in the meeting held at Kensington Hotel in Seoul's financial district Yeouido, Thursday. During the meeting, the FSS chief urged them to effectively manage internal and external risks, in order to win back investor trust from th...

Anna J. Park | 2021-12-02 15:08

[Contribution] What can we expect in post-pandemic Korea?

After a long fight against the COVID-19 pandemic, Korea has started to open up recently by making international travel possible albeit still difficult.

2021-12-02 10:33

Inflation growth hits 10-year high in November

South Korea's consumer prices rose at the fastest pace in nearly 10 years in November due to surging energy costs and high prices of farm products, data showed Thursday, underscoring a build-up in inflationary pressure amid economic recovery.

2021-12-02 09:11

Korea's Q3 economic growth unchanged at 0.3%: Bank of Korea

South Korea's economy grew at the same pace as earlier forecast in the third quarter of the year despite better-than-expected private consumption and robust exports, central bank data showed Thursday.

2021-12-02 09:11

Ruling party desperately appeals to voters ahead of presidential election

The ruling Democratic Party of Korea (DPK) said Tuesday that it is considering temporarily lowering capital gains taxes on owners of multiple homes, in the latest move of pandering ahead of the presidential election next year. A day earlier, the DPK agreed to a one-year delay in the imposition of taxation on gains from cryptocurrency trading.

2021-12-02 08:56

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