S. Korean companies struggling to find new growth engines: Report

S. Korean companies struggling to find new growth engines: Report

South Korea’s exports have fallen big time in recent months, and apprently local companies feel they’re losing their competitiveness. A survey by the chamber of commerce shows companies are having a hard time generating new growth momentum and are losing ground to rivals around the world. Kim Hyesung reports. South Korean companies are sandwiched between

U.S. yield curve inverts further

U.S. yield curve inverts further

The gap between the two-year and 30-year U.S. Treasury yields, a closely-followed recession indicator, inverted further on Wednesday. After inverting for the first time on August 14th, the spread widened further to six-point-two basis points, mainly on concerns about the escalating U.S.-China trade war. The yield curve is considered inverted when long-term bonds see their

National budget 2020 could see 9.3% increase on-year to some US$ 423 bil.

National budget 2020 could see 9.3% increase on-year to some US$ 423 bil.

The Moon administration has announced its spending plan for next year, hoping to boost the economy and mitigate the trade restrictions introduced by Japan. Our Hong Yoo takes a look at the budget overall. The Ministry of Economy and Finance said Thursday that the government will increase the 2020 budget bill by nine-point-three percent to

Trump describes EU as foe on trade alongside China and Russia.

Trump describes EU as foe on trade alongside China and Russia.

U.S. President Donald Trump has renewed his criticism of America’s European allies, describing the EU as a foe alongside China and Russia. Ro Aram, has more. In an interview with CBS, which aired on Sunday, Trump likened the European Union to China and Russia as America’s economic adversaries. But he stressed that he didn’t mean

S. Korea’s ruling party, government agree on expansionary budget for 2020 to boost economy

S. Korea’s ruling party, government agree on expansionary budget for 2020 to boost economy

South Korea’s ruling party and the government have pledged to draw up an expansionary budget plan for next year and a final review this morning they agree to actively used fiscal measures given the headwinds facing the country such as escalating trace pay with Japan and trade tensions between the US and China taking an

North Korea unifies its time zone with South Korea

North Korea unifies its time zone with South Korea

North Korea moved its clocks forward by 30 minutes at exactly 11:30PM last night,… announcing that Pyongyang time is readjusted to match that of Seoul. The North’s state-run media described it as the first practical step towards unifying differences between the two Koreas. Oh Jung-hee reports. “Pyongyang time” is no more. North Korea moved the

S. Korea’s household debt growing at second fastest pace in world: Report

S. Korea’s household debt growing at second fastest pace in world: Report

the size of South Korea’s household debt and the pace of increase in the debt-to-gdp are both at a risky level this is according to data by Oxford Economics on 28 major economies which shows South Korea’s household debt to GDP ratio has ranked third reaching near 100 percent it’s only behind Australia whose ratio

S. Korea announces tougher loan screenings to reduce household debt

S. Korea announces tougher loan screenings to reduce household debt

the South Korean government has hinted tougher measures on mortgage loans to reduce the country’s massive household debt although the specifics won’t be released until later this week at the Financial Services Commission says banks will soon have new guidelines on what will be considered risky borrowing Houdini explains further speaking to reporters on Monday

N. Korea’s nuclear sites must be inspected by experts from nuclear powers: Russian Amb.

N. Korea’s nuclear sites must be inspected by experts from nuclear powers: Russian Amb.

As part of North Korea’s denuclearization, there have long been calls for inspections by the IAEA… to see what kind of facilities the regime has. But Russia’s Ambassador to Pyeongyang says inspections should be carried out by the world’s nuclear powers… because the IAEA only covers the peaceful use of nuclear energy. Ambassador Alexander Matsegor

S. Korea’s finance minister reveals plans to cope with economic shocks following GSOMIA withdrawal

S. Korea’s finance minister reveals plans to cope with economic shocks following GSOMIA withdrawal

South Korea’s finance chief held a press conference today on the government’s plan to deal with the potential economic impact of quitting GSOMIA. He also said next year’s government budget will be 9 percent bigger than this years, partly to fund state efforts to get the economy back in shape. Our Hong Yoo reports. To