2008년 10월 6일 16:30

Korea's foreign exchange reserves can repay foreign debt

The Ministry of Strategy and Finance on Oct. 5 said that Korea's foreign debt to be repaid is approximately US$268 billion, which the country can handle without difficulty, considering that most of the debt is long-term and can be covered by the g...

2008년 8월 6일 17:21

Korea's overseas investment jumps on increased energy projects

The Ministry of Strategy and Finance said in a report Wednesday (Aug. 6) that Korea's overseas investment jumped 42.8 percent during the first half of this year on increased investment by large conglomerates in energy development projects. Accordi...

2008년 7월 4일 16:14

Gov’t to create 2 tril. won fund to help local builders

The Ministry of Strategy and Finance said Friday (July 4) that it will create a 2 trillion won ($1.9 billion) fund in cooperation with the private sector to help local builders win large-sized overseas construction orders. Details such as how to f...

2008년 1월 17일 17:07

Employment up 1.3% in December 2007

Employment Total employment in December stood at 23.257 million, registering a gain of 268,000, or 1.2 percent year-on-year. Seasonally adjusted employment went up 23,000 on-month to 23.539 million. The employment rate remained the same from the p...

2007년 11월 6일 16:44

Outward FDI Posted $15.1 Billion during the First Nine Months of 2007

Outward foreign direct investment (declaration basis) during the first nine months of 2007 rose 19.7 percent compared to the same period in the previous year, totaling US$15.1 billion. However, the growth rate has moderated from the previous year....

2007년 8월 20일 16:15

Korea to expand tax benefits for foreign-invested companies

In a free economic zone committee meeting, presided over by Deputy Prime Minister and Minister of Finance and Economy Kwon O kyu, the government decided to extend its tax exemption period on some foreign-invested companies in the country's free ec...

2007년 8월 16일 17:01

Employment up 1.1% in July 2007

Employment up 1.1% in July 2007 ( August 16, 2007 ) Employment Total employment in July stood at 23.750 million, registering a gain of 303,000 or 1.3 percent, year-on-year. Seasonally adjusted employment increased on-month 17,000, pointing to 23.4...

2007년 7월 3일 16:49

Moody‘s Places South Korea’s Ratings on Review for Upgrade

Moody's Investors Service has placed South Korea's government ratings on review for possible upgrade in light of continued fiscal prudence, favorable macroeconomic prospects, and the possibility of a more predictable containment of geopolitical ri...

2007년 4월 5일 17:07

The Green Book Overview

The recent economic indicators became volatile due to seasonal factors such as effects from the Lunar New Year's falling in February this year as opposed to January last year. February industrial output remained almost unchanged, posting a 0.5 per...

2007년 4월 2일 14:28

Domestic Compensation Measures in Light of the Conclusion of KORUS FTA

Domestic Compensation Measures in Light of the Conclusion of KORUS FTA April 2, 2007, Korea Delivered by Okyu Kwon Deputy Prime Minister and Minister of Finance and Economy On behalf of Ministry of Finance and Economy Ministry of Agriculture and F...

2007년 2월 7일 16:40

Household income up 7.7% & expenditure up 7.6% in Q4 of 2006

The average monthly income of nationwide households amounted to 3,168 thousand won per household in the fourth quarter of 2006, up 7.7 percent year on year. The real income rose by 5.4 percent from the same quarter last year. The average monthly c...

2007년 1월 30일 16:11

Economic policy direction for 2007

Economic policy direction for 2007 I. Domestic and external economic conditions in 2007 External economic conditions (1) The world economy is projected to continue a strong growth over than the average growth in the past decade. However, it is exp...

2006년 11월 28일 16:17

OECD expects Korea to grow 4.4% in 2007

Korea's output growth is expected to ease from 5% in 2006 to around 4.5 per cent in 2007-08 as a result of less buoyant domestic demand, according to the Economic Outlook of the Organization for Economic Cooperation and Development (OECD) released...

2006년 10월 31일 17:16

Service activity in september up 6.0% year-on-year

Service production in September posted an on-year increase of 6.0 percent. The September year-on-year growth accelerated due to the shift of Chuseok (Korean Thanksgiving Day) holidays from September last year to October this year. The expansion wa...

2006년 8월 8일 14:50

Household income & expenditure in Q2 of 2006 up 4.8% & 4.5%

The average monthly income per household amounted to 2.989 million won in the second quarter of 2006, up 4.8 percent year on year. The real income rose by 2.4 percent from the same quarter last year. The average monthly consumption expenditure rea...

2006년 7월 27일 15:29

Public funds operations as of June 2006

The government recouped 79.6 trillion won of 168.3 trillion won in public funds which were offered for restructuring in the financial sector from November 1997 to April this year. As of the end of June, the collection rate rose 0.4 percentage poin...

2006년 7월 11일 14:39

Korean Treasury Bond (KTB) Market: H1 review and H2 policy direction

The major policy achievements in the first half of FY 2006 are summarized as follows: Extend the benchmark yield curve through the issuance of 20-year Korean Treasury Bond (KTB); Introduce STRIPS (Separate Trading of Registered Interest and Princi...

2006년 6월 9일 14:44

IMF Mission Press Statement on Article IV Discussions in Korea

An IMF mission led by Joshua Felman, Assistant Director in the Asia-Pacific Department, visited Seoul during May 25-June 8 to hold Article IV consultation discussions. The mission met with a wide range of people, from the private sector as well as...

2006년 5월 29일 16:29

Production, consumption & investment on the rise in April

Industrial Activity in April: Production, consumption and investment on the increase April industrial activity points to a general increase trend in production, consumption and investment. Industrial activity is expected to continue the trend, alb...

2006년 5월 29일 16:28

Public fund operations as of April 2006

The government recouped 78.6 trillion won of 168.3 trillion won in public funds which were offered for restructuring in the financial sector from November 1997 to April this year. As of the end of April, the collection rate rose 0.9 percentage poi...

2006년 5월 10일 13:53

Q1 2006 Household income/expenditure analysis

The income disparity between the richest 20 percent of urban employees and the poorest 20 percent slightly narrowed in Q1 2006 in Korea. The average income of the richest 20 percent urban employees was 5.80 times higher than that of the poorest 20...

2006년 5월 8일 16:02

Greenbook overview

The Korean economy has maintained a solid recovery pace with its domestic demand and exports keeping a balance, and posted a growth pace almost in tandem with its potential. Private consumption registered an unwavering growth trend with household ...

2006년 5월 3일 13:51

More guided information on some tax issues

The alleged media reports that the Korean National Tax Service (NTS) has launched tax audits into foreign companies operating in Korea are groundless and hapless. NTS's activities and measures, collectively put as "tax audit" in the reports, are j...

2006년 4월 17일 13:35

Speech by Minister for trade on the Korea-US FTA talks

Hyun Chong Kim, Minister for trade, delivered a key note speech on the Korea-US FTA at a joint conference by MOFAT and MOFE held in Seoul Foreign Correspondents' Club on April 17. * * * It is a great pleasure for me to meet with you today. Thank y...

2006년 4월 13일 16:25

The Korean Government's Financial Hub Strategy

Vice Minister of Finance and Economy Kwon Tae-shin attended the 'Financial Centres Summit' held by the Financial Times Asian on April 12, 2006, and delivered a keynote speech titled "the Korean Government's Financial Hub Strategy." * Please refer ...

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