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Search result for SOUTH KOREA FINANCE MINISTRY

S. KOREA’S DOMESTIC DEMAND SHOWS IMPROVEMENT IN APRIL

Highlights –

  • S. Korea’s domestic demand shows improvement in April.
  • The country’s exports saw an increase of 41.1% on-year in April.
  • In April, sales at department stores rose 26.8 percent on-year.
  • The county rep...

S. KOREA’S SOVEREIGN DEBT FALLS TO THE LOWEST LEVELTHIS WEEK

Highlights –

  • S. Korea’s sovereign debt falls to the lowest level this week.
  • The spread on credit default swaps (CDSs) for South Korea came in at 19 basis points.
  • In 2020 the country's CDS premium rose to 57 basis points in l...

FINANCE MINISTRY OF S. KOREA TO REMOVE TARIFF ON FEW IMPORTED GRAINS

Highlights –

  • Finance Ministry of S. Korea to remove tariff on few imported grains.
  • S. Korea will import edible corm and some grains without tariff until the end of the year.
  • The country currently levies a 3 percent tariff duty on impo...

S. KOREA’S CONSUMER PRICES GREW IN MARCH BY 1.5 PERCENT

Highlights –

  • S. Korea’s consumer prices grew in March by 1.5 percent.
  • The country’s core inflation rose 0.6 percent on-year in March.
  • Prices of agricultural, livestock and fisheries products advanced 13.7 percent in March....

S. KOREA’S INDUSTRIAL OUTPUT INCREASED 2.1 PERCENT IN FEBRUARY

Highlights –

  • S. Korea’s industrial output increased 2.1 percent in February.
  • The index gauging industrial production came to 111.6 last month.
  • Retail sales however fell 0.8 percent from a month earlier.
  • The Bank of Ko...

S. KOREA’S JOB LOSSES REACHED 26.3 MILLION IN FEBRUARY

Highlights –

  • S. Korea’s job losses reached 26.3 million in February.
  • The country has reported job losses every month since March 2020.
  • The country expects a slight improvement in the job market in March.
  • In February t...

S. KOREA TO PROPOSE EXTRA BUDGET OF $13.3 BILLION AS RELIEF FUND

Highlights –

  • S. Korea to propose extra budget of $13.3 billion as relief fund.
  • The latest budget is said to be the 3rd largest ever to help ease the economy hurt by the pandemic.
  • The government plans to sell 9.9 trillion won in state ...

S. KOREA TO PROVIDE $34.9 BILLION AS FINANCIAL SUPPORT TO HOUSEHOLDS, COMPANIES

Highlights –

  • S. Korea to provide $34.9 billion as financial support to households, companies.
  • The financial support would be given ahead of the Lunar New Year's holiday in February.
  • Commercial and state-run banks as well as the ce...

S. KOREA FINANCE MINISTER ANNOUNCES PUBLIC INSTITUTIONS TO HIRE MORE NEW EMPLOYEES

Highlights –

  • S. Korea Finance Minister announces public institutions to hire more new employees.
  • The country’s public institutions in 2021 plan to hire more than 26,000 new employees.
  • The minister said that the public sector wil...