Edition:
United Kingdom

Joori Roh

UPDATE 2-S.Korea steps up housing regulations to curb price surge

9:06am GMT

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.

South Korea November exports plunge as China-U.S. deal still in dark

01 Dec 2019

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.

Bank of Korea holds fire but dim economic view cements bets for more rate cuts

29 Nov 2019

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.

South Korea's November exports to fall for 12th month; BOK to stand pat on Friday: Reuters poll

27 Nov 2019

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.

South Korea October exports fall most in 4 years but government says worst may be over

01 Nov 2019

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.

South Korea's October exports to fall for eleventh month on weak China, chip demand

29 Oct 2019

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.

South Korea to give up developing country status in WTO talks

25 Oct 2019

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.

South Korea's third-quarter growth slips, global risks scar exports and economic outlook

24 Oct 2019

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.

South Korea's third quarter GDP quarter-on-quarter growth seen slowing, no quick recovery seen: Reuters poll

22 Oct 2019

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.

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.

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