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International

Joori Roh

South Korea's major insurers say will stop underwriting new coal power

Jun 22 2021

SEOUL South Korea's three major non-life insurers told Reuters on Tuesday they will no longer provide coverage for new coal power projects, including their construction and operation.

UPDATE 1-S.Korea May unemployment rate edges up; more jobs added

Jun 08 2021

SEOUL, June 9 South Korea's unemployment rate edged up in May after falling to an eight-month low in April, but the number of people employed continued to rise at a sharp pace, underpinning hopes for a gradual recovery in the labour market.

South Korea's inflation hits 9-year high as commodity prices jump

Jun 01 2021

SEOUL South Korea's consumer inflation accelerated to a more than nine-year high in May, reinforcing calls for gradual monetary tightening, though the increase was mainly due to a low base effect and rises in oil and agricultural prices.

UPDATE 4-S.Korea readies monetary tightening as outlook improves

May 27 2021

* All 26 analysts surveyed saw BOK keeping rates steady at 0.50%

POLL-Bank of Korea seen holding rates throughout 2021; raising rates at least once in 2022

May 24 2021

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=KROCRT%3DECI BOK poll data

As Iran eyes end of oil export sanctions, will former Asia clients buy?

May 21 2021

TOKYO (Reuters) -As Iran gears up to resume oil exports once the United States lifts trade sanctions, former key clients in Japan, South Korea and Taiwan say they'll wait for the U.S. green light before investigating terms under which they might buy Iran's oil again.

As Iran eyes end of oil export sanctions, will former Asia clients buy?

May 21 2021

* Mideast, U.S., Mexico crude have since replaced Iranian oil

UPDATE 1-S.Korea April jobs rise at sharpest pace in nearly 7 years

May 11 2021

SEOUL, May 12 South Korea's unemployment rate fell to an eight month low in April while the number of people employed rose at the sharpest pace in nearly seven years as the economic recovery continues.

UPDATE 1-S.Korea May 1-10 exports surge in boost to economic recovery

May 10 2021

SEOUL, May 11 South Korean exports for the first 10 days of May surged 81.2% year-on-year to $12.5 billion, Korea Customs Service data on Tuesday showed, adding to the growing signs of a strong recovery in Asia's fourth-largest economy.

South Korea April inflation hits near four-year high, beating forecasts

May 03 2021

SEOUL South Korea's consumer inflation accelerated to a near four-year high in April, mainly due to a low base in 2020 and rising oil and agricultural prices.

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