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Choonsik Yoo

South Korea exports dive as China woes dent sales, darken outlook

21 Oct 2019

SEOUL South Korean exports plunged 19.5% over the first 20 days of October from a year earlier, pressured by weak sales to China and frail global demand for semiconductors, dealing a fresh blow to a tottering economy.

Bank of Korea cuts rates, keeps door open for more as economy loses steam

16 Oct 2019

SEOUL South Korea's central bank cut its policy interest rate on Wednesday, as expected, and left the door open for further easing although a split vote on the move suggested the next reduction may not be imminent.

Deflation, falling exports seen driving more Bank of Korea rate cuts

01 Oct 2019

SEOUL South Korea recorded an annual fall in consumer prices for the first time in September while exports shrank for a 10th consecutive month, data showed on Tuesday, reinforcing expectations of further policy easing from the central bank.

Deflation pressure is biggest domestic risk to South Korea: S&P

25 Sep 2019

SEOUL Deflation pressure is the biggest domestic risk facing South Korea's economy and its central bank should cut interest rates aggressively, a senior economist at credit rating agency S&P told Reuters on Wednesday.

South Korean inflation hits record low, fans case for more rate cuts

03 Sep 2019

SEOUL South Korea's consumer inflation faltered to its slowest on record in August while second quarter economic growth was revised down on weaker exports, firming up the case for central bank rate cuts as early as next month.

RPT-UPDATE 1-S.Korea Aug exports tumble for 9th month as world economy cools

02 Sep 2019

SEOUL, Sept 1 South Korea's exports tumbled in August for a ninth consecutive month, on sluggish demand from its biggest buyer, China, and depressed prices of computer chips globally, government data showed on Sunday.

South Korea August exports tumble for ninth month as world economy cools

01 Sep 2019

SEOUL South Korea's exports tumbled in August for a ninth consecutive month, on sluggish demand from its biggest buyer, China, and depressed prices of computer chips globally, government data showed on Sunday.

South Korea central bank holds fire but October rate cut seen likely

30 Aug 2019

SEOUL South Korea's central bank kept its benchmark interest rate unchanged on Friday but is widely expected to ease at the next meeting to support the faltering economy.

South Korea proposes aggressive spending as economy faces growing risks

29 Aug 2019

SEOUL South Korea has drafted the most aggressive budget spending plan since the 2008-2009 global financial crisis for next year as its trade-reliant economy is buffeted by growing economic threats both at home and from abroad.

South Korea to pause rate cuts this week but October easing seen likely: Reuters poll

28 Aug 2019

SEOUL South Korea's central bank will likely keep interest rates unchanged on Friday after last month's easing but looks certain to cut it at the next meeting as the economy cools, a Reuters survey showed.

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