Tag: hong nam-ki

hong nam-ki

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Hwang Sang-pil, director general of the central bank’s economic statistics department, speaks at an online press conference held Tuesday. [BANK OF KOREA]

Economic growth in 2021 was highest in 11 years

Korea's economy grew 4 percent last year, the highest rate in 11 years, thanks to booming exports and surprisingly strong local consumption.

2022.1.25

Don’t fool the public

The recent listing of 36 so-called key economic achievements under the Moon Jae-in administration by Hong Nam-ki, the deputy prime minister for economic affairs and finance minister, on Facebook will embarrass many. He claims...

2022.1.11

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2022.01.11 Cartoon

The self-employed and real estate owners are flabbergasted at Finance Minister Hong Nam-ki patting himself on the back on Facebook

2022.1.10

Bank of Governor Lee Ju-yeol speaks at the central bank in central Seoul on Dec. 16. [BOK]

Finance chiefs state agendas for new year

Household debt management will be a main challenge for 2022 as interest rates rise.

2022.1.4

Democratic Party presidential candidate Lee Jae-myung making a New Year address at Kia's automobile production plant in Gwangmyeong, Gyeonggi on Tuesday. [YONHAP]

Pressure builds for yet another supplementary budget

With public frustrations rising over tough social distancing regulations, Democratic Party presidential candidate Lee Jae-myung on Tuesday called for another supplementary budget before the Lunar New Year holidays in early February.

2022.1.4

Putting plans into action

Deputy Prime Minister for Economic Affairs Hong Nam-ki expressed the will to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In a meeting Monday with related government ministers, Hong, who...

2021.12.14

Office workers stroll along the Cheonggye stream in central Seoul on Wednesday during their lunch break. According to Statistics Korea, there were 671,000 more people employed in September, up 2.5 percent year-on-year, despite the spread of Covid-19 variant continuing. [YONHAP]

Most jobs added in more than seven years as exports recover

Total employment increased by 671,000 jobs in September on year, the biggest jump in more than seven years. The number of people working in Korea reached 27.7 million people last month as the economy recovered, led by strong exports.

2021.10.13

Finance Minister Hong Nam-ki speaks during a government meeting Thursday at the central government complex in Seoul. [YONHAP]

Details of cash-back stimulus program still up in the air

Finance Minister Hong Nam-ki said Thursday the government will include spending at as many businesses as possible when calculating its planned card cash-back program, which is due to kick off in October.

2021.9.16

Tragedy of the commons

Hong Nam-ki: We are procuring additional vaccines through diplomatic channels.Chung Jin-suk: The people do not believe what the government says.Hong: You’ve got to believe me.Chung: Don’t force us. Stop a torture by hope!Hong:...

2021.8.12

Tragedy of the commons (KOR)

“Moonset does not mean the moon is leaving the sky.” I saw that sentence in a blog. The name of the blog is “Big brother Yoon’s Rich Country, Rich People.” The owner of the blog is 75-year-old Yoon Jeung-hyun...

2021.8.1