Deputy Bureau Chief for Korea, Seoul, South Korea
Choonsik's Feed
Jul 1, 2014

South Korea weak June data fan rate cut talk

SEOUL, July 1 (Reuters) – South Korean exports, inflation
and manufacturing activity for June all showed Asia’s
fourth-largest economy was losing momentum, lending support to a
vocal minority view that the central bank may be forced to cut
interest rates to spur growth.

After a strong start to the year, the export-reliant economy
has been hobbled in recent months by a drum beat of negative
data, promoting markets to reassess the outlook for monetary
policy and gross domestic product.

Jun 27, 2014

S.Korea’s industrial output slump to delay rate hike to next yr

SEOUL, June 27 (Reuters) – South Korea’s industrial output
shrank the most in over five years in May, adding to signs the
economic recovery is losing momentum and lending credence to the
growing view the central bank would delay the start of rate
hikes to support growth.

The latest gloomy reading on the manufacturing sector joins
a recent slew of weak data, including tepid exports and a sharp
dip in business confidence, clouding the outlook for Asian’s
fourth-largest economy.

Jun 18, 2014

S.Korea aims to launch yuan/won trading this year – official

SEOUL, June 18 (Reuters) – South Korea aims to launch direct
trading of yuan/won this year, a senior government official said
on Wednesday, which is likely to boost trade with China while
helping Seoul prepare for the yuan’s emergence as a major
international currency.

“We hope that (direct trading) will contribute to
increasing trade and investment,” Choi Hee-nam, head of the
finance ministry’s international finance bureau, said by
telephone. “We are making preparations with the aim of beginning
it this year.”

Jun 17, 2014
Jun 17, 2014
Jun 17, 2014
Jun 17, 2014
Jun 17, 2014
Jun 17, 2014
Jun 17, 2014