Edition:
United States

Joori Roh

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.

South Korea proposes $5.9 billion extra budget to fight air pollution, aid exports

Apr 23 2019

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.

S.Korea proposes $5.9 bln fiscal stimulus to tackle air pollution, aid exports

Apr 23 2019

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.

South Korea's economy seen losing steam in first-quarter on weak exports: Reuters poll

Apr 22 2019

SEOUL South Korea's first quarter economic growth likely slowed to the weakest pace in more than a year, a Reuters poll showed on Tuesday, as exports faltered and investment activities cooled amid U.S.-China trade frictions.

UPDATE 2-S.Korea's c.bank trims growth outlook as rate cut bets rise

Apr 18 2019

* S.Korea's June futures on 3-year KTB up on dovish statement (Recasts after Governor Lee's news conference)

South Korea's central bank to stand pat on rates; may cut growth outlook - Reuters poll

Apr 15 2019

SEOUL South Korea's central bank will likely keep its base rate unchanged on Thursday, even amid easing price pressures and slowing economic growth, a Reuters poll of economists showed.

RPT-"Gangnam style" sex crime: K-pop scandals uncover dark side of Seoul’s flashiest district

Apr 14 2019

* Scandals ensnare K-pop stars, top clubs, and police officials

'Gangnam style' sex crime: K-pop scandals uncover dark side of Seoul's flashiest district

Apr 13 2019

SEOUL On a recent weekend night, the dance floor at one of the hottest clubs in Seoul's swanky Gangnam district held only a few dozen people surrounded by mostly empty tables.

South Korea inflation slows to near three-year low, bolsters rate cut expectations

Apr 01 2019

SEOUL South Korea's headline inflation slowed to its weakest pace since July 2016 in March on declines in food prices and weaker service costs growth, adding pressure for policymakers to shift to an easing stance and ramp up stimulus.

South Korea March exports contract for fourth month, puts policymakers on notice

Mar 31 2019

SEOUL South Korea's exports contracted for a fourth month in March but at a slower rate in a sign of continued strain on the trade reliant economy, putting pressure on policymakers to shift to an easing stance to ward off growing external risks.

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