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IMF lowers 2012 growth outlook for South Korea


September 21st, 2012 - 2:22 pm ICT by IANS
Seoul, Sep 21 (IANS) The International Monetary Fund (IMF) lowered Friday its 2012 economic growth outlook for South Korea to 3 percent from 3.5 percent estimated in April, citing the ... Read more...

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South Korea’s foreign reserves hit new high


September 5th, 2012 - 3:00 pm ICT by IANS
Seoul, Sep 5 (IANS) South Korea's foreign currency reserves hit a new high last month due to a rise in conversion value of non-dollar assets and a growth in investment ... Read more...

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South Korea’s current account surplus hits new high


August 29th, 2012 - 1:11 pm ICT by IANS
Seoul, Aug 29 (IANS) South Korea's current account surplus hit a new high last month as imports contracted at a faster pace than exports, data by the central bank showed ... Read more...

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South Korea’s consumer confidence weakens


August 27th, 2012 - 1:20 pm ICT by IANS
Seoul, Aug 27 (IANS) South Korea's consumer confidence weakened in August amid lingering uncertainties at home and abroad, data by the central bank showed Monday.The consumer sentiment index (CSI), which ... Read more...

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South Korean conglomerates see economy worse than 2008


August 22nd, 2012 - 1:17 pm ICT by IANS
Seoul, Aug 22 (IANS) A majority of South Korean conglomerates were seeing current economic conditions worse than those in 2008 when the global financial crisis occurred, a poll showed Wednesday.According ... Read more...

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South Korea’s foreign debts grow to $418.6 bn


August 21st, 2012 - 2:02 pm ICT by IANS
Seoul, Aug 21 (IANS) South Korea's foreign debts grew to $418.6 billion in the second quarter of this year as lenders increased their short-term borrowing from overseas, the central bank ... Read more...

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South Korea’s trade terms worsen


August 13th, 2012 - 3:29 pm ICT by IANS
Seoul, Aug 13 (IANS) South Korea's terms of trade worsened in the second quarter due to a drop in export prices stemming from weaker global demand, the central bank said ... Read more...

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South Korean economy shows weaker growth momentum


August 9th, 2012 - 1:44 pm ICT by IANS
Seoul, Aug 9 (IANS) The South Korean economy has seen a weakening growth momentum due to lacklustre exports and domestic demand, the central bank said Thursday."The domestic economy showed weaker ... Read more...

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South Korea’s money supply grows


August 8th, 2012 - 2:03 pm ICT by IANS
Seoul, Aug 8 (IANS) South Korea's money supply grew 0.4 percent in June from a month earlier due to an increase in money market trust (MMT) and time deposits caused ... Read more...

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South Korea’s foreign currency deposits grow


August 7th, 2012 - 2:01 pm ICT by IANS
Seoul, Aug 7 (IANS) South Korea's foreign currency retail deposits grew $3.31 billion last month as more export proceeds were deposited in the foreign currency accounts amid a continued trade ... Read more...

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South Korea’s business sentiment drops


July 30th, 2012 - 2:49 pm ICT by IANS
Seoul, July 30 (IANS) South Korea's business sentiment dropped this month due to economic uncertainties stemming from Europe's debt crisis, a report by the central bank showed Monday.The monthly business ... Read more...

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South Korea’s current account posts surplus


July 27th, 2012 - 1:59 pm ICT by IANS
Seoul, July 27 (IANS) South Korea's current account balance posted a surplus of $5.84 billion last month, keeping its surplus for five months in a row, the central bank said ... Read more...

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South Korea’s GDP grows


July 26th, 2012 - 1:38 pm ICT by IANS
Seoul, July 26 (IANS) South Korea's gross domestic product (GDP) grew 0.4 percent in the second quarter from three months earlier, the central bank said Thursday.Real GDP, the broadest measure ... Read more...

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South Korea’s central bank cuts 2012 growth outlook


July 13th, 2012 - 2:17 pm ICT by IANS
Seoul, July 13 (IANS) The Bank of Korea (BOK), South Korea's central bank, Friday cut its 2012 economic growth outlook for the country to 3 percent from an earlier estimate ... Read more...

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South Korean central bank cuts key interest rate


July 12th, 2012 - 2:00 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... Read more...

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South Korea’s consumer prices rise


July 2nd, 2012 - 3:51 pm ICT by IANS
Seoul, July 2 (IANS) South Korea's consumer prices rose 2.2 percent in June from a year earlier, staying below the midpoint of Bank of Korea (BOK)'s inflation target band of ... Read more...

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South Korea’s foreign reserves contract


June 4th, 2012 - 1:26 pm ICT by IANS
Seoul, June 4 (IANS) South Korea's foreign reserves contracted to $310.87 billion last month due to a sharp fall in conversion value of non-dollar denominated assets that offset a rise ... Read more...

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South Korean investment in foreign securities grows


May 30th, 2012 - 4:31 pm ICT by IANS
Seoul, May 30 (IANS) Foreign securities invested by South Korea's financial institutions grew in the first quarter due to rises in the share price of major investment destinations, the central ... Read more...

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South Korean bank freezes key interest rate


May 10th, 2012 - 1:50 pm ICT by IANS
Seoul, May 10 (IANS) South Korea's central bank said Thursday that it froze the benchmark interest rate at 3.25 percent for May, leaving the 7-day repo rate unchanged for 11 ... Read more...

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South Korea’s producer prices fall


May 8th, 2012 - 3:28 pm ICT by IANS
Seoul, May 8 (IANS) South Korea's producer prices fell for the first time in five months in April due to a decline in farm goods prices, the central bank said ... Read more...

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South Korea’s foreign reserves over $300 bn


May 3rd, 2012 - 3:36 pm ICT by IANS
Seoul, May 3 (IANS) South Korea's foreign reserves grew to a record high of $316.84 billion last month due to an increase in investment profits and a growth in conversion ... Read more...

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South Korea’s consumer price growth slows


May 1st, 2012 - 3:12 pm ICT by IANS
Seoul, May 1 (IANS) South Korea's consumer price growth slowed to 2.5 percent in April, a report showed Tuesday.Consumer prices advanced 2.5 percent in April from a year earlier, down ... Read more...

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South Korea’s GDP grew 0.9 percent in Q1


April 26th, 2012 - 1:42 pm ICT by IANS
Seoul, April 26 (IANS) South Korea's gross domestic product (GDP) grew 0.9 percent in the first quarter from three months earlier, the central bank said Thursday.Real GDP, the broadest measure ... Read more...

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South Korean firms’ profitability weakens in 2011


April 23rd, 2012 - 1:50 pm ICT by IANS
Seoul, April 23 (IANS) South Korean firms' profitability weakened last year due to an increase in production costs caused by a rise in global raw material prices, the country's central ... Read more...

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South Korea’s corporate defaults fall


April 19th, 2012 - 2:26 pm ICT by IANS
Seoul, April 19 (IANS) South Korea's corporate bankruptcies fell to an all-time low last month, the central bank said Thursday.The number of companies that went belly-up stood at 90 in ... Read more...

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South Korea’s central bank freezes key interest rate


April 13th, 2012 - 1:25 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's central bank Friday said it froze the benchmark interest rate at 3.25 percent for April, leaving the 7-day repo rate unchanged for 10 straight ... Read more...

Posted in Business |

South Korea’s foreign reserves go up


April 3rd, 2012 - 1:44 pm ICT by IANS
Seoul, April 3 (IANS) South Korea's foreign reserves grew to a record high of $315.95 billion last month as a reduction in conversion value of non-dollar denominated assets was offset ... Read more...

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South Korea’s corporate bankruptcies fall


March 19th, 2012 - 2:33 pm ICT by IANS
Seoul, March 19 (IANS) South Korea's corporate bankruptcies fell to an all-time low last month, the central bank said Monday.The number of companies that went belly-up stood at 94 in ... Read more...

Posted in Business |

South Korea faces consumer price instability


March 6th, 2012 - 1:55 pm ICT by IANS
Seoul, March 6 (IANS) South Korean economy is facing consumer price instability amid higher oil prices, the finance ministry said Tuesday."Our economy saw employment maintain its recovery trend, and major ... Read more...

Posted in Business |

South Korea’s foreign reserves expand


March 5th, 2012 - 2:08 pm ICT by IANS
Seoul, March 5 (IANS) South Korea's foreign reserves expanded to a record high of $315.8 billion last month due to a rise in conversion value of non-dollar denominated assets and ... Read more...

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South Korea’s consumer price growth hits 14-month low


March 2nd, 2012 - 2:46 pm ICT by IANS
Seoul, March 2 (IANS) South Korea's consumer price growth hit a 14-month low in February, alleviating concerns that high consumer price inflation may affect the overall economic recovery negatively, a ... Read more...

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South Korea’s investment in foreign securities plunges


February 28th, 2012 - 2:22 pm ICT by IANS
Seoul, Feb 28 (IANS) Foreign securities invested by South Korea's financial institutions plunged last year, the central bank said Tuesday.Foreign currency-denominated securities held by domestic financial institutions stood at $58.2 ... Read more...

Posted in Business |

South Korea’s business sentiment improves


February 27th, 2012 - 2:25 pm ICT by IANS
Seoul, Feb 27 (IANS) South Korea's business sentiment improved in February amid easing concerns over Europe's debt crisis, the central bank said Monday. The monthly business survey index (BSI), which ... Read more...

Posted in Business |

South Korea’s consumer confidence rebounds


February 24th, 2012 - 1:44 pm ICT by IANS
Seoul, Feb 24 (IANS) South Korea's consumer confidence rebounded in February as positive economic indicators in the US boosted hopes for the global economic recovery, the central bank said Friday.Consumer ... Read more...

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South Korea’s short-term foreign debts hit four-year low


February 21st, 2012 - 3:53 pm ICT by IANS
Seoul, Feb 21 (IANS) South Korea's short-term foreign debts hit a nearly four-year low last year as local lenders paid back external debts with long-term funds borrowed from overseas, the ... Read more...

Posted in Business |

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