United Kingdom

Cynthia Kim

Bank of Korea holds rates, citing stronger recovery and housing bubble risk

17 Jan 2020

SEOUL South Korea's central bank kept its benchmark rate steady and struck an upbeat tone, citing signs of an improving trade environment and a resilient domestic backdrop that suggested policymakers are in no rush to lower borrowing costs again.

South Korea's central bank holds rates but trade woes strengthen calls to cut

31 May 2019

SEOUL South Korea's central bank kept monetary policy unchanged on Friday but a split vote in the decision provided a firm signal the bank was shifting to a dovish footing as the intensifying Sino-U.S. trade war bolstered the case for more stimulus.

South Korea's central bank seen keeping rates on hold but case for easing grows: Reuters poll

29 May 2019

SEOUL South Korea's central bank is expected to keep monetary policy unchanged this week, a Reuters poll showed, although pressure is growing to cut interest rates as the ongoing U.S.-China trade dispute hits global demand for the country's exports.

Volvo taps Asia's LG Chem, CATL for long-term battery supplies

15 May 2019

SEOUL/BEIJING Swedish carmaker Volvo said on Wednesday it had signed long-term battery supply deals with Asian firms LG Chem and Contemporary Amperex Technology Co Ltd (CATL), as it pushes its EV target of 50 percent of sales by 2025.

South Korea's latest big export - Jobless college graduates

13 May 2019

SEOUL Cho Min-kyong boasts an engineering degree from one of South Korea's top universities, a school design award and a near-perfect score in her English proficiency test.

North Korean leader Kim oversaw testing of multiple rocket launchers - KCNA

05 May 2019

SEOUL North Korea has conducted a "strike drill" for multiple launchers, firing tactical guided weapons into the East Sea in a military drill supervised by leader Kim Jong Un on Saturday, the North's state media reported on Sunday. | Video

South Korea exports fall for fifth month, memory chip shipments drop 13.5 percent

01 May 2019

SEOUL South Korea's exports contracted less in April than in the previous month, but the fifth straight of month of shrinkage, with memory chip shipments down 13.5 percent, could hurt chances of the trade-reliant economy returning to growth this quarter.

South Korea April exports seen shrinking for 5th month amid weak China demand: Reuters poll

29 Apr 2019

SEOUL South Korean exports are seen contracting for a fifth straight month in April but at a slower pace, dragged by plummeting shipments to China and as Sino-U.S. trade frictions take their toll on Asia's fourth-largest economy.

POLL-S.Korea April exports seen shrinking for 5th month amid weak China demand

29 Apr 2019

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=KREXP%3DECI poll data

South Korea economy unexpectedly contracts in first quarter, worst since global financial crisis

25 Apr 2019

SEOUL South Korea's economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as companies slashed investment and exports slumped in response to Sino-U.S. trade tensions and cooling Chinese demand.

World News