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The Ministry of Economy and Finance has warned of a third straight month of downward pressure in its latest Green Book.
Korea’s state-run think tank cut its growth outlook for this year by 0.4 percent points to 1.6 percent, citing martial law-driven political turmoil and heightened U.S. policy uncertainties.
The Bank of Korea is upping its support program for small businesses and the self-employed to 14 trillion won amid economic uncertainties and political instability.
Korea's economy grew 2 percent in 2024, underperforming expectations, due to political turmoil and weak private consumption.
Democratic Party (DP) leader Lee Jae-myung met with the chief executives of Korea’s six major banks on Monday as his party turns its focus to economic issues.
The Bank of Korea cut its growth forecast for this year from 1.9 percent to 1.6 to 1.7 percent in a rare January disclosure, citing concerns over contracting consumer sentiment on the back of political uncertainties.
Korean economy faces multiple headwinds in the wake of a leap year effect. Tripartite Cooperation in Joint Consultative body is urgently needed.
Korea reported a current account surplus for the seventh consecutive month in November on the back of solid sales of semiconductors, central bank data showed Wednesday.
Tumbling stocks, a tanking currency and tepid economic momentum sets Korea up for one of its hardest years, with internal and external factors posing a threat to growth.
With the economy minister now tasked with running the government, the precarious state of the Korean economy faces a precipice, buffeted by crisis after crisis.
Korea JoongAng Daily Sitemap