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Reporter : Lee Kyung-min
Thu, December 9, 2021 | 12:29
Tighter lending rules lead to increase of corporate loans
The growth of household borrowing fell sharply in November, due to a combination of tightening lending rules and the central bank's key rate hike, central bank data showed Wednesday.
Trade ministry eases rules for export firms
The government will simplify the administrative procedures for exporters of Korea's key goods, as part of an expanded compliance program (CP), whereby 156 businesses abide by expedited, self-regulated export control measures, the trade ministry said Wednesday.
Gov't CPTPP push to drag on until presidential election
The government is dragging its feet regarding discussions on joining a trade agreement among 11 countries in the trans-Pacific area.
[Contribution] COVID-19 recovery in Korea: short-term strength, long-term weakness
Korea's economy has fared relatively well during the COVID-19 pandemic, thanks to exceptional crisis management. After the first confirmed case was reported in January 2020, the country managed to contain several waves of infections without complete border closures or local lockdowns. This helped ensure the continuity of essential social and economic activities. The economy c...
WTO joint statement to enhance transparency in services industry
Korean firms will be able to expand their overseas business more efficiently, a move outlined in a joint initiative statement signed by 67 member countries of the World Trade Organization (WTO), the trade ministry said Friday.
AMCHAM and ruling party presidential candidate meet to discuss support for foreign investments
The American Chamber of Commerce in Korea (AMCHAM) hosted a special meeting with the ruling Democratic Party of Korea (DPK) presidential candidate, Lee Jae-myung, Thursday, at the Conrad Hotel Seoul, it said in a statement, Friday.
Inflation woes grip Korean economy
The much-dreaded persistence of inflation is no longer transitory, as implied by statistics agency data which showed Korea's consumer price growth registering 3.7 percent in November, the second monthly consecutive increase exceeding the psychologically significant 3 percent mark.
[Contribution] What can we expect in post-pandemic Korea?
After a long fight against the COVID-19 pandemic, Korea has started to open up recently by making international travel possible albeit still difficult.
Ruling party desperately appeals to voters ahead of presidential election
The ruling Democratic Party of Korea (DPK) said Tuesday that it is considering temporarily lowering capital gains taxes on owners of multiple homes, in the latest move of pandering ahead of the presidential election next year. A day earlier, the DPK agreed to a one-year delay in the imposition of taxation on gains from cryptocurrency trading.
Gov't to introduce supply shock prevention measures
The government will set up an early warning system for an acute shortage of 4,000 key import items, as part of a long-term plan to limit supply chain disruptions brought on by geopolitical volatility.
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