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Foreign IBs Revise Up S. Korea’s Growth Outlook

Foreign IBs Revise Up S. Korea’s Growth Outlook

SEOUL, Dec. 7 (Korea Bizwire) — Major foreign investment banks (IBs) have upgraded their 2018 growth forecasts for the South Korean economy on its strong exports, a report showed Thursday. According to the report by the Korea Center for International Finance, Barclays, Goldman Sachs and seven other foreign IBs have forecast Asia’s fourth-largest economy to [...]

Global Market Improvements Fuel Upturn in S. Korea Economy Under President Moon

Global Market Improvements Fuel Upturn in S. Korea Economy Under President Moon

SEJONG, Nov. 10 (Korea Bizwire) — When President Moon Jae-in took office after his victory in the unprecedented presidential by-election in May, he was confronted with tough challenges ranging from social upheaval caused by his predecessor to heightened regional diplomatic and military tensions. One of the biggest issues confronting the chief executive was finding a [...]

S. Korea’s Growth Ranking Among OECD Drops 10 Spots

S. Korea’s Growth Ranking Among OECD Drops 10 Spots

SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s economic growth ranking among major advanced and emerging economies plunged 10 spots in the second quarter from three months earlier as its recovery lost ground, data showed Tuesday. Asia’s fourth-largest economy expanded 0.6 percent on-quarter in the April-June period, compared with a 1.1 percent expansion for the [...]

Corporate Loans by Secondary Financial Institutions Up by 17 Percent

Corporate Loans by Secondary Financial Institutions Up by 17 Percent

SEOUL, Aug. 28 (Korea Bizwire) – Corporate lending extended by South Korea’s nonbank financial institutions surged nearly 17 percent in the first half of the year amid tougher rules for household loans, central bank data showed Monday. Outstanding corporate loans by local secondary financial institutions, including credit cooperatives and savings banks, came to 113.4 trillion [...]

S. Korea’s Exports Remain Upbeat, Gains Weighed down by Lukewarm Domestic Demand

S. Korea’s Exports Remain Upbeat, Gains Weighed down by Lukewarm Domestic Demand

SEJONG, June 9 (Korea Bizwire) – An upturn in global trade and exports has been helping the South Korean economy recover to some extent, but the gains are weighed down by flaccid domestic demand, including investment and private consumption, a government report said Friday.  “The South Korean economy has been on a upside cycle thanks [...]

S. Korea’s Economic Structure Remains Fragile: Think Tanks

S. Korea’s Economic Structure Remains Fragile: Think Tanks

SEOUL, June 5 (Korea Bizwire) – South Korea’s latest economic gains do not indicate that the country’s financial condition is on a firm track, as the increases can be attributed to investment in the construction sector and not improvements in private consumption, a research showed Sunday.  Hyundai Research Institute (HRI) said in a report that [...]

South Korean Economy Safe but Exposed to Risks: Report

South Korean Economy Safe but Exposed to Risks: Report

SEOUL, May 29 (Korea Bizwire) – The latest report from the Hyundai Research Institute has revealed that South Korea is relatively safe from economic crisis, but warns that a dependency on trade with high-risk nations must not be overlooked.  The report evaluating the vulnerabilities of 26 developing economies around the world categorized the countries using [...]

S. Korea Lags behind OECD States in Sustainable Growth Index

S. Korea Lags behind OECD States in Sustainable Growth Index

SEOUL, April 16 (Korea Bizwire) – South Korea ranked 24th among 28 Organization for Economic Cooperation and Development (OECD) member countries in terms of the state growth sustainability index, a local think tank said Sunday. The Hyundai Research Institute has developed its own index to measure each state’s sustainable growth levels. South Korea scored 0.443, [...]