The Korean won nearly broke the 1,400 threshold against the dollar on Monday, weighed down by stalled Korea-U.S. trade negotiations and a stronger dollar driven by Britain's budget deficit coming in significantly higher than expected.
International gold prices have soared to record highs above $3,600 an ounce, driven by expectations of U.S. rate cuts, persistent inflation and increased demand amid financial instability.
The Bank of Korea (BOK) held its benchmark interest rate unchanged at 2.75 percent on Thursday, signaling a cautious stance as tensions escalate in the U.S.-China trade war.
Blaming the problem entirely on the education fever and the college entrance competition comes from a lack of understanding in education and the real estate market.
It’s official. Korea’s total fertility rate — the average number of expected births from a woman in her lifetime — hit a fresh historic low of 0.72 last year by sinking from the previous record of 0.78. The number of newborns also fell below...
Korea’s finance minister pledged to stay vigilant on growing uncertainties in the country’s economy and financial markets as the timing of interest rate cuts in key countries remains uncertain.
Falling expectations of an early rate cut by the U.S. Federal Reserve has led to a general weakening of the won, which has become a bigger concern for the Bank of Korea than inflation.
Stickers for high-rate loans are displayed on buildings in Seoul on Sunday. The amount of outstanding revolving credit from credit cards reached an all-time high last month amid prolonged economic
The Seoul Metropolitan Government will expand programs addressing childcare and subfertility to boost the city’s low birth rate.
Korea JoongAng Daily Sitemap
