SEOUL, Jun. 26 (Korea Bizwire) — Finance Minister Choi Sang-mok said Wednesday it will take longer for the people to feel a recent economic recovery due mainly to still-high interest rates and inflation, vowing policy priority on supporting small businesses and other vulnerable classes. Choi made the remarks during an economy-related ministers’ meeting in Seoul, [...]
SEOUL, Jun. 14 (Korea Bizwire) — The economic recovery in South Korea has gathered pace on robust exports and recovering domestic demand, though external uncertainties continued over varying economic growth among nations and regional conflicts, the finance ministry said Friday. The Ministry of Economy and Finance made the assessment in the Green Book, its monthly [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korea has experienced the easing of an economic slowdown on the back of the recovery in the semiconductor industry amid persistent external uncertainties, a state-run think tank said Tuesday. “The economic slowdown begins to ease, led by the semiconductor industry, while external uncertainties persist, as indicated by high [...]
SEJONG, Sept. 4 (Korea Bizwire) — Corporate mergers and acquisitions (M&As) by South Korean firms more than tripled in the first half of this year as a global economic recovery encouraged companies to expand their business spheres, the antitrust watchdog said Monday. The value of reported M&As reached 41.5 trillion won (US$36.6 billion) in the [...]