Deputy Bureau Chief for Korea, Seoul, South Korea
Choonsik's Feed
Jul 24, 2014

South Korea offers $11 bln in stimulus spending as growth dips

SEOUL, July 24 (Reuters) – South Korea offered billions of
dollars in stimulus spending on Thursday to shore up domestic
demand after Asia’s fourth-largest economy grew at its weakest
in more than a year in the second quarter.

The finance ministry’s plans included additional spending of
11.7 trillion won ($11.4 billion) from the fiscal and
quasi-fiscal accounts, 26 trillion won of loans or other
financial support and easing in mortgage borrowing restrictions.

Jul 23, 2014

South Korea Q2 growth dips on poor consumption, stimulus looms

SEOUL, July 24 (Reuters) – South Korea’s economy logged its
weakest growth in more than a year in the second quarter as a
deadly ferry accident cooled domestic demand while a strong won
hit exporters.

The economy grew a seasonally adjusted 0.6 percent in the
April-June period from the prior quarter, central bank estimates
showed on Thursday, down from a 0.9 percent rise in the first
quarter and the slowest since the first quarter of 2013.

Jul 23, 2014

South Korea second-quarter GDP seen slowing as government works on stimulus

SEOUL (Reuters) – South Korea’s economy likely posted its weakest growth in more than a year in the June quarter, with a deadly ferry accident hitting consumption and offsetting a modest recovery in exports.

The trade-reliant economy had earlier this year benefited from a pick-up in the global economy, but domestic demand has softened since the ferry sinking in mid-April that has taken a toll on its services industries and tourism.

Jul 23, 2014
Jul 23, 2014

South Korea Q2 GDP seen slowing as government works on stimulus

SEOUL, July 23 (Reuters) – South Korea’s economy likely
posted its weakest growth in more than a year in the June
quarter, with a deadly ferry accident hitting consumption and
offsetting a modest recovery in exports.

The trade-reliant economy had earlier this year benefited
from a pick-up in the global economy, but domestic demand has
softened since the ferry sinking in mid-April that has taken a
toll on its services industries and tourism.

Jul 22, 2014
Jul 22, 2014
Jul 22, 2014
Jul 22, 2014
Jul 22, 2014