SEJONG, South Korea South Korea on Wednesday unveiled a proposed 6.7 trillion won ($5.87 billion) supplementary budget the government says is needed to tackle unprecedented air pollution levels and boost exports bruised by weak demand.
SEJONG, South Korea, April 24 South Korea
announced a proposed 6.7 trillion won ($5.87 billion)
supplementary budget on Wednesday to tackle unprecedented air
pollution levels and to boost exports bruised by weak external
demand amid the Sino-U.S. trade war.
SEOUL South Korea's first quarter economic growth likely slowed to the weakest pace in more than a year, a Reuters poll showed on Tuesday, as exports faltered and investment activities cooled amid U.S.-China trade frictions.
* S.Korea's June futures on 3-year KTB up on dovish
(Recasts after Governor Lee's news conference)
SEOUL South Korea's central bank will likely keep its base rate unchanged on Thursday, even amid easing price pressures and slowing economic growth, a Reuters poll of economists showed.
SEOUL South Korea's headline inflation slowed to its weakest pace since July 2016 in March on declines in food prices and weaker service costs growth, adding pressure for policymakers to shift to an easing stance and ramp up stimulus.
SEOUL Yoon Chang-hyun's parents told him to get his sanity checked when he quit his secure job as a researcher at Samsung Electronics Co in 2015 to start his own YouTube channel. | Video
SEOUL South Korea's exports contracted for a fourth month in March but at a slower rate in a sign of continued strain on the trade reliant economy, putting pressure on policymakers to shift to an easing stance to ward off growing external risks.
* USD/KRW market was relatively stable in 2H 2018 - BOK
SEOUL South Korea's February industrial production contracted sharply to a two-year low and missed forecasts by a large margin on shrinking output of cars and other key sectors, piling pressure on Asia's fourth-largest economy as external demand wanes.