SEOUL South Korea President Moon Jae-in said on Tuesday the government should make an all-out effort to cushion the economic impact from China's coronavirus outbreak, boosting expectations of further monetary easing.
SEOUL South Korea President Moon Jae-in said on Tuesday the government should make an all-out effort to cushion the economic impact from China's coronavrius outbreak, boosting expectations of further monetary easing.
SEOUL South Korean exports fell in December year-on-year but less than expected, which along with a turn to growth in shipments to China and a slowing pace of decline in chip sales added to optimism for global trade.
SEOUL, Dec 16 South Korea on Monday announced
new property market regulations, including tighter mortgage
rules, to curb surging home prices, as presidential Blue House
urged its senior officials to sell extra property they own to
take the lead in calming the market.
SEOUL South Korean exports in November fell for the 12th month in a row and far more than expected, denting hopes for the global manufacturing sector stabilizing as a much-awaited China-U.S. trade deal is still in darkness.
SEOUL South Korea's central bank left interest rates steady on Friday even as it trimmed growth and inflation projections, underlining a cautious view on the economy in the face of global risks and cementing market bets for more policy easing next year.
SEOUL When Lee Gyu-il, 55, a veteran banker at South Korea's largest lender lost his job early this year, he felt he had little choice but to set up his own business, joining the ranks of a legion of older workers feeling stuck in an economic rut.
SEOUL South Korean exports in October fell for an 11th consecutive month and by the most in nearly four years as shipments to China kept slowing and computer chip prices plunged, data showed on Friday.
SEOUL South Korea's economic growth slowed more than expected in the third quarter, and though exports showed some signs of recovery the overall outlook was clouded by a domestic spending slump and intensifying global trade frictions.