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Fri, November 27, 2020 | 08:24

No clear economic recovery in sight: Bank of Korea

No clear economic recovery in sight: Bank of Korea

The domestic economy has not yet entered a stable and clear recovery track amid renewed fears of a third wave of the COVID-19 pandemic here, Bank of Korea governor Lee Ju-yeol said Thursday.

Lee Min-hyung | 2020-11-26 16:13

Seoul stocks close at all-time high despite virus spike

Bank of Korea keeps key rate at record low

Bank of Korea keeps key rate at record low

The South Korean central bank on Thursday held its policy rate unchanged at a record low of 0.5 percent, while slightly revising up this year's economic outlook, amid growing concerns over a winter wave of coronavirus infections. As expected, the monetary policy board of the Bank of Korea (BOK) voted to leave the base rate steady in this year's final rate-setting meeting.

2020-11-26 10:42

For carbon-free growth

For carbon-free growth

Finance Minister Hong Nam-ki, second from left, speaks during a ministerial-level meeting at the Government Complex in Seoul, Wednesday. He discussed measures for the nation to achieve sustainable low-carbon growth with ministers and ranking officials from relevant authorities. Courtesy of Ministry of Economy and Finance

Lee Min-hyung | 2020-11-25 16:46

Korea-Uzbekistan statistics meeting

Korea-Uzbekistan statistics meeting

Statistics Korea Commissioner Kang Shin-Wook holds an online conference with officials from his Uzbekistan counterpart's organization at the Government Complex in Daejeon, Tuesday. The Uzbekistan authority asked Statistics Korea to share and exchange experiences with producing statistical data. Courtesy of Statistics Korea

Lee Min-hyung | 2020-11-24 16:34

Main opposition to push for third round of emergency relief funds

Main opposition to push for third round of emergency relief funds

The main opposition People Power Party (PPP) will push to include funds for an additional third round of coronavirus-related emergency handouts in next year's state budget, a senior party official said Tuesday. "To help out the damaged sectors of taxi services, indoor gyms, private learning institutes and PC cafes hit by the third wave of COVID-19 and provide emergency liveli...

2020-11-24 14:43

'Alone in the dark': Small businesses reel from new virus clampdown

Will Bank of Korea start discussing rate hike in 2021?

Will Bank of Korea start discussing rate hike in 2021?

The Bank of Korea (BOK) will start discussions next year as to whether it should raise the benchmark rate, amid growing hopes that the Fed might consider a rate hike following the inauguration of U.S. president-elect Joe Biden.

Lee Min-hyung | 2020-11-23 15:57

[INTERVIEW] Statistics Korea to collect data on foreign workers in rural areas

[INTERVIEW] Statistics Korea to collect data on foreign workers in rural areas

The mismatch between supply and demand for foreign workers in rural areas may be reduced to some degree, following the 2020 Census of Agriculture, Forestry and Fisheries taking place from Nov. 23 to Dec. 18.

Park Jae-hyuk | 2020-11-22 15:07

Why are Korean bank stocks so undervalued?

Why are Korean bank stocks so undervalued?

Korean banks' low price-to-book ratio (PBR) has been evident throughout 2020, as investors paid little attention to bank stocks as opposed to other tech-savvy growth stocks amid the coronavirus-induced economic panic here and abroad.

Lee Min-hyung | 2020-11-20 17:17

[Reporter's Notebook] Is 'Mofia' always bad for lobby groups?

[Reporter's Notebook] Is 'Mofia' always bad for lobby groups?

Criticism has always existed over the dominance of ex-finance ministry officials in key positions in the financial sector.

Kim Bo-eun | 2020-11-20 17:15

Land minister apologizes over rental home shortage

Land minister apologizes over rental home shortage

Minister of Land, Infrastructure and Transport Kim Hyun-mee issued a public apology Thursday for the increasing shortage of rental housing here amid prolonged instability in the leasing market.

Lee Min-hyung | 2020-11-19 16:50

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