Industrial output, private spending, investment log on-month gains in February
Korea's industrial output, private spending and investment all logged on-month gains in February, data showed Friday.
Relaxed tourist visas, discount offers aimed at boosting domestic market
The government is pushing to ease travel visa restrictions and provide discounts for tourists in order to attract more foreigners to Korea.
Exports and national security are 2024 budget priorities
Next year’s budget will be concentrated on boosting exports and on national security, according to the Finance Ministry Tuesday.
Korea to spend at least 60 percent of budget in first half amid economic fears
Korea's finance ministry said Wednesday it aims to spend at least 60 percent of the annual budget in the first half of 2023 amid the slowdown in exports and employment.
Consumers, the last hope for growth in Korea, taking a breather
Consumer spending is on the decline as Koreans face a one-two punch of rising interest rates and rising prices. Restaurants and pubs, usually bustling with people at the end of the year, sit empty, while nail shops and hair salons are cutting...
[Today's Cartoon] 2022.12.19
After the United States prepares to allow Japan’s Self-Defense Forces to counterattack enemies in times of crisis, South Korea casts a suspicious eye toward Uncle Sam over the nod.
The business survey index (BSI) of small business owners in Korea dropped 5.7 points to 57.0 on month in November, according to the Small Enterprise and Market Service on Thursday.
Overseas card spending continues to grow on soaring outbound travel
Koreans' overseas card spending continued to grow in the third quarter as outbound travel spiked bolstered by eased pandemic curbs, central bank data showed Tuesday.
Fiscal deficit hits 56.3 trillion won in first seven months of year
The fiscal deficit continues to grow despite higher tax revenue. According to the Finance Minister on Thursday, in the first seven months of the year, the deficit was 56.3 trillion won ($40.4 billion), up 170 percent on year. When excluding ...
Recovering fiscal integrity
Normalization of the fiscal balance sheet is necessary. The 2023 budgetary outline could be the first step towards fiscal tightening.