SEOUL South Korea's economy shrank more than initially estimated in the first quarter while core inflation slowed to a near 20-year low in May, data showed on Tuesday, adding to the case for the central bank to cut interest rates.
SEOUL South Korea's exports in May fell more than expected and for a sixth consecutive month from a year earlier, official data showed on Saturday, as expanding trade friction between the major economies darkened the prospects.
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.
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.
SEOUL A petition calling for South Korean President Moon Jae-in to be impeached had gathered more than 217,000 signatures as of Monday, passing a threshold that will require a government response and underscoring Moon's sagging approval ratings.
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.
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.
SEJONG, South Korea South Korea on Wednesday unveiled a proposed 6.7 trillion won ($5.87 billion) supplementary budget the government says is needed to tackle unprecedented air pollution levels and boost exports bruised by weak demand.
SEJONG, South Korea, April 24 South Korea
announced a proposed 6.7 trillion won ($5.87 billion)
supplementary budget on Wednesday to tackle unprecedented air
pollution levels and to boost exports bruised by weak external
demand amid the Sino-U.S. trade war.