Cynthia Kim

North Korea says hope is alive for peace, summit with South

Sep 26 2021

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 warns of debt hangover as apartment price growth hits 15-yr high

Sep 23 2021

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.

S.Korea drafts aggressive spending plan for 2022, taking debt to 50% of GDP

Aug 30 2021

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.

S.Korea lifts interest rates from record low as debt threats grow

Aug 26 2021

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.

CORRECTED-UPDATE 1-S.Korea lifts interest rates from record low as debt concerns grow

Aug 25 2021

* First rate hike since Nov 2018 aimed at curbing debt growth

S.Korea seen delivering its first pandemic-era rate hike

Aug 25 2021

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.

South Korea's youth debt binge shows no sign of slowing as rate hike looms

Aug 25 2021

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.

UPDATE 1-S.Korean c.bank board member Koh nominated to head financial regulator

Aug 04 2021

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 household debt.

S.Korea July exports jump to record though growth pace slows

Aug 01 2021

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.

South Korea's second-quarter GDP growth hits decade high but risks loom

Jul 26 2021

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.

World News