Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok has sent an urgent letter to finance ministers of various countries, heads of major international organizati...
Bank of Korea Governor Rhee Chang-yong dismissed the possibility of further rate cuts on Dec. 4, stating that there is no reason to change the economic outlook due to the martial l...
South Korea's economy grew by 0.1% in Q3, according to the Bank of Korea. This modest growth reflects various sectoral challenges, with decreases in exports and construction invest...
The OECD has revised its forecast for South Korea's GDP growth in 2025 to 2.1%, down from 2.2%. This projection surpasses forecasts from the IMF, KDI, and the Bank of Korea, and is...
Deputy Prime Minister Choi Sang-mok held an emergency meeting to address financial and foreign exchange market concerns following a state of emergency declaration. The government i...
South Korea's foreign exchange reserves have decreased for two consecutive months due to the strength of the U.S. dollar. According to data released by the Bank of Korea (BOK) on D...
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok convened an expanded executive meeting at the Government Complex Seoul on December 9, focusing on managing S...
The Consumer Sentiment Index in the United States rose 3.1% in December compared to the month before, to stand at 74.0, a preliminary report issued by the University of Michigan sh...
