金世壕线上平台

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GDP outlook cut, export support is being offered

As the number of people infected with the coronavirus grows rapidly in Korea, credit rating agencies are slashing 2020 growth forecasts for the country. The revisions have been rolling in all week. On Sunday, Moody’s lowered its outlook from 2.…

Feb 21,2020
Net overseas assets $500 billion, all-time high

Korea’s net overseas assets reached an all-time high in 2019, thanks mainly to the increased value of stock investments, central bank data showed Thursday. The country’s net international investment position came to $500.9 billion as of the end of…

Feb 21,2020
Regulators take aim at real estate outside of Seoul

The government is continuing to tighten regulations to combat rising housing prices, on Thursday, extending the reach of stricter real estate rules to areas around Seoul after prices jumped outside the capital city. The regulations were less exten…

Feb 21,2020
Producer Price Index up in January as farm prices rise

Korea’s producer prices inched up in January from the prior month due to the increased cost of farm and fishery goods, central bank data showed Thursday. The producer price index for all commodities and services stood at 103.93 last month, up 0.2 …

Feb 21,2020
Blue House accepts all suggestions by chaebol

The Blue House has accepted all of the proposals made by chaebol last week for supporting the economy as it works through challenges resulting from the coronavirus outbreak. “The Blue House will accept all 16 proposals made by the business communi…

Feb 20,2020
Fear is breeding host of viral scams

As the tally of Koreans sickened by the new coronavirus continues to grow, so have the deceptive tricks used by others to take advantage of the crisis. From mask hoarders to YouTube personalities faking sickness to get views, the Joongang Ilbo org…

Feb 20,2020
Growth expectations down again for Korea

Fitch Solutions downgraded its outlook for Korea’s 2020 economic growth to 2.2 percent from 2.5 percent Wednesday, citing fallout from the ongoing coronavirus outbreak. The latest forecast from global credit appraiser Fitch Group’s consultancy arm…

Feb 20,2020
Gov’t pledges more support to get over virus

The government plans to come up with comprehensive measures to help areas of the economy affected by the coronavirus outbreak, particularly investment and consumer spending, next week. “Our first overall economic measures will include revitalizing…

Feb 20,2020
Freakonomics

A fish tank that used to be filled with king crab at a store in Garak Market in Jamsil, southern Seoul, on Tuesday. King crab prices earlier this month plummeted 40 percent after reports that a large quantity of Chinese fish products were being ship…

Feb 19,2020
Moon worried about economic ‘emergency’

President Moon Jae-in ordered his cabinet on Tuesday to mobilize all available “special” means to handle the “emergency economic situations” attributable to the continued spread of the new coronavirus. “Emergency situations require an emergency pr…

Feb 19,2020

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