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 South Korea's exports likely saw another month of double-digit contraction in November, with few signs of recovery in semiconductors and Chinese demand, though the Bank of Korea is forecast to keep its key interest rate unchanged at its last meeting of the year, a Reuters poll showed on Wednesday.
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 exports likely contracted in October, falling for an 11th straight month, pressured by weak sales to China and sluggish global demand for semiconductors.
SEOUL South Korea will no longer seek special treatment reserved for developing countries by the World Trade Organization in future negotiations given its enhanced global economic status, its finance minister said 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.
SEOUL South Korea's economy continued to grow in the third quarter but at a slower pace than in the second, when government spending lifted the pace following a contraction in January-March, a Reuters poll found on Tuesday.
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.