A surge in apartments due to be completed in the third quarter of 2017 in the Seoul area may trigger an economic crisis the next year, South Korean market observers say. The glut of housing […]
South Korea’s Financial Supervisory Service will work with banks to expand their services in online foreign currency exchange to more than 40 currencies beginning in October. The currencies, including rarer ones such as Vietnam’s dong and […]
South Korea’s won has surged 0.9% against a weakening US dollar as currency traders wait for Federal Reserve Chair Janet Yellen to speak this week on where monetary policy is headed. Other Asian currencies, including […]
With GDP of US$1.38 trillion last year, South Korea has recaptured its position as the world’s 11th-largest economy, trailing Canada in 10th position. GDP last year was down from 2014, when Korea placed 13th globally […]
The South Korean economy’s growth pace of 2.7% this year should improve to 3% in 2017 with the help of greater private consumption and a more robust housing market, the International Monetary Fund predicts. Difficulties […]
South Korea’s heavy burden of household debt expanded in July, with the balance of household loans extended by local banks growing 6.3 trillion won from June. The total is now 673.7 trillion won, encouraged by […]
Foreign investors piled into South Korean stocks and helped buoy the Kospi to a nine-month high Tuesday. Foreign purchases amounted to 205.9 billion won, and buying is expected to continue. Yonhap News Agency (South Korea) […]
A lengthy economic slump may be in South Korea’s near future, one that mimics the extended stagnation in Japan and for similar demographic reasons, an economist with the International Monetary Fund said. However, Rhee Chang-yong, […]
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