[Graphic News] New hiring rate hits 33-year high
The Korea Herald > Business > Economy
South Korea's money supply expanded at the fastest clip in almost five years in April following a surprise rate cut in March and a continued current surplus streak, central bank data showed Wednesday.??The M2 surged 9 percent on-year to 2,149.2 trillion won ($1,915.8 billion) in April, q...
Household loans extended by South Korean lenders continued to trend higher in May as borrowers opted to lock in low interest rates for home purchases, central bank data showed Wednesday.??Outstanding household loans extended by local banks reached 586.4 trillion won ($522.7 billion) as o...
South Korea's jobless rate edged down in May as more people were hired in the manufacturing and service sectors, a government report showed Wednesday. ??According to the report by Statistics Korea, the jobless rate stood at 3.8 percent last month, down from 3.9 percent in April. The numb...
South Korea will take economy-boosting measures if necessary in order to deal with the fallout of the outbreak of Middle East Respiratory Syndrome (MERS), the top economic policymaker said Wednesday.??The MERS outbreak, which was first confirmed on May 20, has claimed nine lives and infe...
Travel and cosmetics stocks have suffered a sharp decline in their market value as the outbreak of the Middle East Respiratory Syndrome in South Korea has dampened sentiment among consumers and invest...
More investors in South Korea are opting to short stocks as they bet on a fall in local equities amid growing economic uncertainties, data showed Wednesday. ??Daily stock short-selling averaged 356.4 billion won ($318.2 million) in the main KOSPI market this month, up 63.9 billion won fr...
South Korean stocks ended 0.06 percent lower Tuesday as investors took a wait-and-see stance ahead of the MSCI's decision on whether to include Chinese stocks in its emerging market index, a move that could spark outflows of money from here, analysts said. The local currency gained ground ...
South Korea's exports of farmed goods shrank significantly last month with shipments of both fresh foodstuff and processed products slipping, the government said Tuesday.??Outbound shipments of agricultural and food products amounted to $480.4 million in May, down 8.1 percent from the sa...
South Korea's economy is recovering slowly on increased domestic spending, but it is facing stiff challenges from falling exports and the outbreak of Middle East Respiratory Syndrome, the finance ministry said Tuesday.??In its latest report on Asia's fourth-largest economy, the ministry ...
Foreign investors extended their buying streak to four consecutive months in the South Korean stock market in May but their net purchase waned from a month earlier on concerns over the U.S. Federal Reserve's expected rate hike, the financial watchdog said Tuesday.??Offshore investors bou...
South Korea plans to build two new nuclear reactors within the next 15 years in an effort to revive its nuclear power footing for energy, the government announced Monday.The addition will increase the number of reactors to 39 by 2029. Currently, Korea has 23 reactors nationwide. The expans...
South Korean companies are rushing to step up their emergency response efforts to better protect their employees from Middle East Respiratory Syndrome, which is showing signs of a wide spread in South Korea.??South Korea remains gripped by the potentially deadly disease that has claimed ...
South Korea's central bank is expected to lower its benchmark interest rate to a fresh record low in June on concerns over sluggish exports and the country's first-ever spread of the Middle East Respiratory Syndrome, but analysts were split on the outlook as heavy household debt lingers as...
The outbreak of Middle East Respiratory Syndrome is feared to have a negative impact on the South Korean economy by dampening consumer spending and corporate investment, the top economic policymaker said Monday.??The warning comes as the country remains gripped by the potentially deadly ...
Nearly three-fourths of South Korean manufacturers are expecting a looming U.S. rate hike to hamper the recovery in Asia's fourth-largest economy, but most don't have any viable measures to tackle it, a poll showed Monday.??According to the survey on 300 local manufacturers conducted by ...