Korea will provide an additional $5 million to the Asean Response Fund for Covid-19 to speed along vaccination and strengthen the global supply chain to contribute to Southeast Asia's economic recovery, said President Moon Jae-in Tuesday.
President Moon Jae-in stressed he will use the remainder of his term to return Korea to normal life and help the economy recover from the pandemic Monday in a budget speech at the National Assembly.
Starting Friday, fully vaccinated people will be exempted from 14-day quarantine if they are asymptomatic after coming into close contact with a Covid-19 patient.
The Korean economy is facing heightened uncertainty as the recovery of domestic demand is likely to slow amid a recent spike in Covid-19 cases, a state-run think tank said Sunday.
Industrial production rose 15.6 percent in May on year, Statistics Korea reported Wednesday, the fastest rate since June 2010. On month, it fell 0.7 percent.
President Moon Jae-in pledged Korea will work toward “inclusive green recovery” for carbon neutrality as he kicked off the two-day 2021 P4G Seoul Summit Sunday, bringing together some 60 world leaders and heads of international organizations to...
Industrial production rose 12.4 percent on year, according to Statistics Korea Monday, the sixth consecutive increase in the figure and the fastest growth in the statistic in over two years.
President Moon Jae-in pledged Korea will work toward “inclusive green recovery” for carbon neutrality as he kicked off the two-day 2021 P4G Seoul Summit Sunday, bringing together some 60 world leaders and heads of international organization.
According to the Bank of Korea, consumer confidence for this month has risen to its highest level in nearly three years thanks to growing expectations of an economic recovery.
A gradual but steady increase in power consumption is the latest indication of economic recovery, along with healthy indicators in manufacturing, making President Moon Jae-in's goal of 4-percent growth for 2021 more possible.