United States

Cynthia Kim

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

May 31 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

May 29 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

May 15 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.

INSIGHT-South Korea's latest big export: Jobless college graduates

May 12 2019

* Korean govt connects skilled job seekers to employers overseas

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

May 05 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

Apr 30 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

Apr 28 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

Apr 28 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

Apr 24 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