SEOUL (Reuters) -North Korea is willing to consider another summit with South Korea if mutual respect between the neighbours can be assured, state news agency KCNA said on Saturday, citing Kim Yo Jong, the sister of the North's leader Kim Jong Un.
SEOUL A senior South Korean official on Thursday called for greater efforts to manage the country's excessive borrowing, saying problems at China Evergrande served as an example of the debt issues economies could face as they scale back stimulus.
SEOUL South Korea's government on Tuesday unveiled an aggressive spending increase in the final annual budget of President Moon Jae-in's five-year term, pushing out any prospect of achieving balanced budgets amid a worsening fiscal deficit.
SEOUL The Bank of Korea raised its policy rate for the first time in almost three years on Thursday, becoming the first major Asian central bank to shift away from pandemic-era monetary settings as ballooning consumer debt created new threats for the economy.
* First rate hike since Nov 2018 aimed at curbing debt
SEOUL, Aug 26 South Korea is expected to become
the first major Asian economy to raise interest rates since the
pandemic began on Thursday to curb surging household debt and
cool brisk consumer prices and an overheating housing market.
SEOUL When South Korea announced new lending curbs last month, Joe Park, a 34-year-old grocery chain purchasing manager, scrambled to borrow more money before the tighter rules took effect.
SEOUL, Aug 5 South Korean President Moon Jae-in
nominated central bank board member Koh Seung-beom on Thursday
as the new chief of the Financial Services Commission (FSC)
regulatory body, in a move to address the continued buildup of
SEOUL (Reuters) -South Korean exports jumped to a record high in July as overseas demand for chips and biohealth products extended export growth to a ninth consecutive month, supporting an economic recovery facing headwind from the country's worst COVID-19 outbreak yet.
SEOUL South Korea's economy expanded at the fastest annual pace in a decade in the second quarter, thanks to a pick up in private consumption, though a resurgence of COVID-19 casts doubt over the outlook for growth for the rest of the year.