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South Korea’s economy grew 2.2 percent in real terms during the final quarter of last year compared to the same period in 2022, marking an acceleration from a 1.4 percent rise in the third quarter and bringing growth for the entire of 2023 to 1.4 percent, according to revised data released by the country’s central bank last week. The headline figures looked fine overall, with growth accelerating in the Oc...
South Korea’s economy grew 2.2 percent in real terms during the final quarter of last year compared to the same period in 2022, marking an acceleration from a 1.4 percent rise in the third quarter and bringing growth for the entire of 2023 to 1.4 percent, according to revised data released by the country’s central bank last week. The headline figures looked fine overall, with growth accelerating in the Oc...
The National Assembly passed the revision bill to raise the Export-Import Bank of Korea's capital limit from the current 15 trillion won to 25 trillion won ($12.24 billion to $15 billion) on Thursday, giving the policy lender some extra room to level up its financing for the arms export deal to Poland. The revision of the Export-Import Bank of Korea Act was passed as a total of 209 lawmakers voted in favor of th...
South Korea's central bank said on Thursday its monetary policy board decided to reform its standing lending facility, a monetary policy tool for supplying liquidity to banks, strengthening its role...
Korea International Trade Association (KITA) Chairman Koo Ja-yeol exchanged views with key U.S. politicians and government officials regarding global supply chains, government subsidies and the U.S. Inflation Reduction Act (IRA) during his visit to Washington, D.C., from April 24 to 27, according to the trade promotion body, Thursday. On April 26, the chairman discussed recent trends in the U.S. Congress related to Korean companies in the U.S. with Young Kim, a California House of Representatives member who chairs the House Foreign Affairs Subcommittee on the Indo-Pacific in the 118th U.S. Con...