중앙데일리
Politics List
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Worried BOK cuts interest rates
The central bank lowered its key interest rate Thursday in a surprise move as the economy faces ever gloomier tidings, including Japan’s restrictions on exports to Korea. In a monetary policy meeting, the Bank of Korea (BOK) trimmed its benchmark …
July 19,2019
Korea preparing for trade restrictions, Hong says
Japan gave Korea until midnight Thursday to agree to the establishment of an arbitration committee to deal with compensation issues regarding Korean laborers forced to worker during World War II. As Seoul is dead set against the proposal, the dis…
July 19,2019
Foreigners moving to Korea hits all-time high
More foreigners than ever are entering Korea and staying on, many with the aim of settling down and pursuing their dreams. The Winter Olympic Games hosted in PyeongChang last year and the growing popularity of K-pop are increasing the country’s br…
July 19,2019
BOK lowers key rate to 1.5 percent
The country’s central bank lowered its key interest rate on Thursday in a surprise move aimed at stimulating the economy in the face of a gloomy economic outlook and anticipated headwinds linked with Japan’s restriction on exports. In the latest m…
July 18,2019
Mobility grand compromise is proposed
Transportation laws are to be changed in order to allow for the operation of new mobility services, though Tada, one of the largest ride-hailing services in the country, is not likely to benefit. The Ministry of Land, Infrastructure and Transport …
July 18,2019
Gov’t R&D tax credits to lower reliance on imports
The government plans to expand research and development (R&D) tax credits to include the three key materials that have been restricted for export to Korea by the Japanese government, as well as all other areas that could be affected if Tokyo deci…
July 18,2019
Statistics suggest policy’s failure
It’s been two years since the Moon Jae-in government introduced its income-led growth policy, and incomes that were supposed to rise haven’t while the economy is not growing very fast. The idea was to boost personal earnings to stimulate consumpti…
July 18,2019
Minimum wage haggling
Federation of Korean Trade Unions (FKTU) President Kim Ju-young, left, objects to the Minimum Wage Council’s decision to raise next year’s wage by 2.9 percent at FKTU headquarters in Yeouido, western Seoul on Wednesday. The FKTU asked the council for…
July 18,2019
Japan’s trade moves could threaten the value chain
Korea International Trade Association (KITA) CEO Kim Young-ju expressed concern that Japan’s export restrictions will have a negative impact on the global value chain. “Korea and Japan have played big roles in the global value chain, where each c…
July 18,2019
Seoul pushes back on export control charge
Seoul rejected Wednesday Tokyo’s questions about the security of its export controls, arguing that Korea employs more stringent standards than Japan. The rebuttal was aimed at one of the reasons Japan might remove Korea from its so-called “white l…
July 18,2019
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