KoreaTimes(488) - Economy, Finance, page 3

Entertainment
& Arts

Sports

World

SCMP
Asia

Video

Photos

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Economy

Thu, July 7, 2022 | 13:53

Business sentiment worsens for July amid inflation, recession woes

Korea's business sentiment worsened for July amid deepening concerns over high raw materials prices and a global economic downturn, a central bank poll showed Thursday.

2022-06-30 10:11

Finance ministry, World Bank co-host Seoul forum for developing countries

The Ministry of Economy and Finance co-hosted a forum with the World Bank in Seoul, Wednesday, to discuss their cooperation on innovation and digital technology for developing countries. The ministry said the two sides assessed ongoing projects under the Korea-World Bank Partnership Facility (KWPF), a joint initiative established in May 2013 with an objective of helping devel...

Yi Whan-woo | 2022-06-29 16:38

Looming 'big-step' rate hike heightens jitters among borrowers

Bank customers who took out loans are under mounting pressure to redeem their debt due to the growing possibility of the Bank of Korea (BOK) taking an unprecedented “big step” on the key interest rate. Almost eight out of 10 customers who borrowed money in Korea took out the loans on a floating interest rate, which tracks the benchmark interest rate. This means the more the b...

Yi Whan-woo | 2022-06-29 16:38

BOK likely to lean more toward 'big-step' rate hike if June inflation hits 6%

Demand for an unprecedented "big-step" rate hike among policymakers at the Bank of Korea (BOK) will likely intensify ahead of an upcoming rate-setting meeting should the country's consumer prices rise 6 percent or higher in June, according to a high-ranking central bank official.

2022-06-29 09:57

Inflation expectations in S. Korea hit 10-year high in June

Inflation expectations in Korea hit the highest level in about a decade in June amid worries that prices are fast increasing due to high energy and commodity costs, a central bank report showed Wednesday.

2022-06-29 08:39

Hike in utility fees feared to have domino effect on inflation

Hikes in utility fees, including a sharper-than-expected increase in the electricity rate, Monday, are stirring up concerns of heightened inflation reminiscent of the Asian financial crisis in the late 1990s.Analysts said Tuesday that such an unwanted domino effect can push the annual inflation rate above 5 percent, which is higher than the mid to upper 4 percent range foreca...

Yi Whan-woo | 2022-06-28 16:55

Korea on track to cut dependency on China for rare earths

HONG KONG - South Korea's decision to join a U.S.-led pact on mineral supply helps satisfy a “definite need” to cut dependency on China for key resources, including rare earths, analysts said. Securing key resources has become a core task for major economies around the world, as minerals are a crucial element incorporated into cutting-edge technologies, green energy and natio...

Kim Bo-eun | 2022-06-28 14:09

Korea's overseas financial assets hit new high in 2021

Korea's overseas financial assets hit a new high in 2021 thanks largely to a jump in investment in U.S. stocks, central bank data showed Tuesday.

2022-06-28 14:05

PM calls for measures to stabilize inflation

Prime Minister Han Duck-soo called for ministers to come up with measures to help stabilize inflation Tuesday, noting that soaring prices are hurting consumers' pocketbooks.

2022-06-28 11:25

Finance chief calls for corporate restraint on 'excessive' wage increases amid inflation woes

Finance Minister Choo Kyung-ho asked companies Tuesday to refrain from excessively raising wages for employees as the move could further accelerate inflation.

2022-06-28 10:47

1 2 3 4 5 6 7 8 9 10

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.