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Cynthia Kim

South Korea holds rates but leaves door open for November hike

10:34am IST

SEOUL South Korea's central bank kept its benchmark rate unchanged on Thursday but flagged concerns about mounting household debt and financial stability, boosting expectations that it could raise rates as soon as next month.

In familiar pattern for South Korea's Moon, property curbs backfire

02 Oct 2018

SEOUL Park Soo-jin's plan was to cut expenses to bare minimum for the six years she rented a flat in a high-rise Seoul neighbourhood, so she and her husband could buy their own property in the area once the lease ends in December. It is not going to work.

UPDATE 2-S.Korea's Aug exports rise for 2nd mth but miss forecasts

01 Sep 2018

* Aug imports +9.2 pct y/y (Reuters poll +7.7 pct) (Adds details on crude oil imports)

Bank of Korea holds off tightening policy on jobs, inflation worries

31 Aug 2018

SEOUL The Bank of Korea kept monetary policy unchanged as expected on Friday, and its chief hosed down expectations of further policy tightening this year, in the face of a jobs crisis and inflation still stubbornly below target.

South Korean exports to grow at steady pace, but risks lurk - government adviser

30 Aug 2018

SEOUL South Korea's exports will grow at a solid pace for a while yet, but there are risks if a trade spat between China and the United States intensifies, a top aide to South Korea's president said on Thursday.

South Korea proposes record budget lifeline for jobs, welfare in 2019

28 Aug 2018

SEOUL South Korea proposed on Tuesday the sharpest expansion in fiscal spending in a decade for 2019 as policymakers focus on creating jobs and boosting welfare in the face of a deteriorating job market.

Analysis: South Korea's 'Jobs President' faces policy roll-back over employment uproar

24 Aug 2018

SEOUL Kim Hyun-ji voted for Moon Jae-in to be South Korea's president last year thinking things would improve with his promises to create jobs and address inequality. She now says that was a mistake.

Korea Exchange says it checking Merrill Lynch trades because of public concerns

21 Aug 2018

SEOUL The Korea Exchange (KRX) said on Tuesday it was monitoring Merrill Lynch's Seoul operations after media reports and petitions regarding the investment bank's trades.

South Korea's July exports return to growth, but outlook murky

01 Aug 2018

SEOUL, August 1 South Korea's exports returned to growth in July on brisk sales of memory chips, but the chill from a deepening U.S.-China trade conflict had still to be felt, and there were also doubts over how much longer booming demand for chips would last.

S.Korea to impose capital gains tax on all stock derivatives

30 Jul 2018

SEOUL, July 30 South Korea will expand capital gains taxes to cover all stock price index options and futures transactions as part of changes to tax codes following an annual review, the finance ministry said on Monday.

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