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Reporter : Lee Kyung-min
Sun, December 5, 2021 | 10:35
KDB, Hana team up for innovation
Hana Bank will increase cooperation with the state-run Korea Development Bank (KDB), in a move to create synergy in advancing financial services in the form of a public-private partnership.
Will China's slumping recovery affect Korea's chip exports?
Opinions are split over whether recent signs of a slowdown in China's recovery are signaling the beginning of a peak-out of Korea's semiconductor exports, one of the few growth drivers underpinning the economic recovery here amid the COVID-19 pandemic.
Delta variant leads to protracted tightening of private consumption
Tightened private spending sparked by an increase in COVID-19 infections by the Delta variant is expected to continue throughout the latter half of the year, adding pressure on the Bank of Korea to refrain from a further key rate hike.
Finance ministry calls for overhaul of educational subsidies
The Ministry of Strategy and Finance said a program offering educational subsidies should be revised to reduce revenue from taxes allocated to local governments, since the number of students in Korea is on a rapid decline due to the country's persistently-low birthrate.
Infrastructure ministry to help Paraguay upgrade light rail transit system
A consortium of public and private companies led by the Ministry of Land, Infrastructure and Transport will help Paraguay renovate its light rail transit system.
Korea's potential economic growth rate on rapid decline
Korea's potential economic growth rate is on a steeper-than-feared decline, impacted heavily by a reduction, or outright loss, of employment as well as an overall drop in labor productivity in the services industries due to the COVID-19 pandemic.
[Reporter's Notebook] Finance minister and fiscal soundness
No one seems to be in a tighter bind than Deputy Prime Minister and Finance Minister Hong Nam-ki in a country where meddling by politicians in economic policies is increasing immeasurably and shamelessly at the expense of fiscal soundness.
Role of procurement agency highlighted amid pandemic
As the government is attempting to speed up its COVID-19 vaccination campaign, the intensity of the countrywide initiative has been dogged by vaccine shortages due to shipment delays.
Won strengthens on weaker US job market, delayed tapering concerns
The Korean won gained slightly against the U.S. dollar on the back of weaker-than-expected American jobs data, coupled with mitigated tapering risks by the U.S. Federal Reserve (Fed).
State pensions face mounting calls for reform
Calls are expected to grow for the reform of four state-run pension funds, as nearly 60 trillion won ($51 billion) will be allocated for public spending next year, up 6.2 percent from this year's 55.8 trillion won.
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