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Economy

Mon, December 6, 2021 | 11:47

Pandemic unlikely to bring back 'Great Inflation': Meritz expert

The lingering COVID-19 pandemic is unlikely to bring back a dramatic event like the “Great Inflation” (1965-82), says Lee Kyung-soo, the head of the Meritz Securities Research Center. “We are less likely to witness the recurrence of the high inflation in this pandemic era, because inflation will stabilize as supply side pressures ease step by step,” Lee said at the Korea CQ F...

Dong Sun-hwa | 2021-11-03 17:07

FSS governor's first meeting with financial group chiefs

Financial Supervisory Service (FSS) Governor Jeong Eun-bo, fourth from left, poses with financial holding company chairmen at the Korea Federation of Banks headquarters in Seoul, Wednesday. Jeong said the FSS will reform its system of inspecting financial firms to focus more on preventing risks than imposing reactive sanctions. From left are DGB Financial Group Chairman Kim T...

Park Jae-hyuk | 2021-11-03 14:30

Korea's foreign reserves hit record high in October

South Korea's foreign reserves rose to an all-time high in October due to increased profits from investment of foreign currency assets, central bank data showed Wednesday.

2021-11-03 10:39

[ANALYSIS] Korea's crypto taxation plan receiving mixed reviews

Korea's financial regulators and tax authorities are focusing on the use of cryptocurrencies here for two reasons: they have deemed cryptocurrency transactions as taxable, and believe the conversion of cash into cryptocurrencies as a means of money laundering is accelerating.

Lee Min-hyung | 2021-11-03 09:01

Soaring consumer prices burdening economy, markets

Consumer prices surged by 3.2 percent in October year-on-year, the steepest growth in almost a decade - since the 3.3 percent in January 2012 - due to oil price hikes, according to data from Statistics Korea, Tuesday.

Lee Min-hyung | 2021-11-02 17:04

Korea seeks MSCI developed market status without offshore FX market

Deputy Prime Minister and Finance Minister Hong Nam-ki confirmed the government's intention to resume talks with MSCI for the Korean equity market to be classified by the American index provider as a “developed market.”

Park Jae-hyuk | 2021-11-02 16:42

Foreign investment in Korea spikes 5,000 times in 60 years: data

Foreign direct investment (FDI) pledged to the country has surged more than 5,000 times in 60 years, which helped play a key pillar of now Asia's fourth-largest economy, the industry ministry said Tuesday.

2021-11-02 11:12

Inflation growth hits near 10-year high in October

South Korea's consumer prices grew at the fastest clip in almost a decade in October due to last year's low base effect and surging oil prices, data showed Tuesday, underscoring a build-up in inflationary pressure amid the economic recovery.

2021-11-02 08:53

[ANALYSIS] Bond market sees fluctuation as election race heats up

The country's bond market will see a continued fluctuation in terms of yields as the presidential election race in Korea heats up.

Kim Yoo-chul | 2021-11-01 16:12

Exports up 24% on-year in Oct. to second-largest monthly figure of $55.55 billion

South Korea's exports spiked 24 percent in October from a year earlier to reach the second-largest monthly figure of $55.55 billion on the back of strong global demand for chips and petroproducts, data showed Monday.

2021-11-01 10:09

October's inflation growth estimated at 3.2%: poll

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