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31 May 22
The South Korean government has approved a multi-trillion-won supplementary budget to support small businesses and self-employed people impacted by Covid-19 restrictions.
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1 Sep 21
South Korea is looking to create a “virtuous cycle” of public spending and economic growth, unveiling its 2022 budget which is set to take government debt over 50% of GDP for the first time.
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27 Aug 21
The Bank of Korea has raised its base rate for the first time since the outset of the Covid-19 pandemic, becoming the first central bank to do so among the large Asian economies.
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6 Jul 21
The South Korean government will offer more emergency relief grants of 250,000 won ($220) to residents, as part of a 33trn won ($29bn) supplementary budget.
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12 May 21
Historically high debt is set to test South Korea’s fiscal mettle but a strong economy has helped it retain an Aa2 rating with ratings agency Moody’s.
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11 Aug 20
The OECD has warned South Korea against complacency despite the country suffering the least severe recession of its member countries following the Covid-19 outbreak.
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9 Jan 20
South Korea has set a record budget for research and development, with the government hoping to enhance the economy and improve the lives of Koreans.
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29 Oct 19
Japan and South Korea have rejected a news report that they were looking to establish a joint economic programme to resolve the issue of forced labour during World War Two.
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6 Aug 19
South Korean president Moon Jae-in has said the country’s economy could overtake Japan’s, citing co-operation with North Korea as a potential driver.
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8 Oct 18
Ex-president of South Korea Lee Myung-bak has been jailed for 15 years for corruption, making him the latest high-profile politician to receive graft charges.
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20 Jul 18
Former South Korean president Park Geun-hye has been sentenced to eight more years in prison after she was found guilty on charges of causing loss of government funds.
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15 Mar 18
The South Korean government is set to talk to the International Monetary Fund in an effort to avoid being labelled a ‘currency manipulator’ by the US, the finance minister has said.
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16 Feb 18
South Korea has agreed to pay the $2.64m bill for North Korea’s participation at the Winter Olympics from its unification ministry budget.
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31 Jan 18
South Korea has no plans to ban cryptocurrency trading, the finance minister confirmed last week, following speculation it could follow China’s example and block all virtual coin platforms.
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31 Oct 17
South Korea’s economy grew at the fastest pace in seven years last quarter – with the acceleration expected to continue into next year.
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19 Oct 17
South Korea and China have extended a currency swap deal for another three years.
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22 Oct 15
The Confederation of Asian and Pacific Accountants (CAPA) is holding its 19th conference in Seoul, South Korea, from 27 to 29 October. Conference chair In-Ki Joo, shares his ambitions for the event...
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6 Jul 15
South Korea has launched a development programme with eight different African governments that will focus on improving local skills in order to enhance economic growth across the continent.
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25 Jun 15
A round-up of recent public finance stories from Asia Pacific you might have missed.
31 May 22The South Korean government has approved a multi-trillion-won supplementary budget to support small businesses and self-employed people impacted by Covid-19 restrictions.
27 Aug 21The Bank of Korea has raised its base rate for the first time since the outset of the Covid-19 pandemic, becoming the first central bank to do so among the large Asian economies.
9 Jan 20South Korea has set a record budget for research and development, with the government hoping to enhance the economy and improve the lives of Koreans.
29 Oct 19Japan and South Korea have rejected a news report that they were looking to establish a joint economic programme to resolve the issue of forced labour during World War Two.
8 Oct 18Ex-president of South Korea Lee Myung-bak has been jailed for 15 years for corruption, making him the latest high-profile politician to receive graft charges.
16 Feb 18South Korea has agreed to pay the $2.64m bill for North Korea’s participation at the Winter Olympics from its unification ministry budget.
31 Jan 18South Korea has no plans to ban cryptocurrency trading, the finance minister confirmed last week, following speculation it could follow China’s example and block all virtual coin platforms.
19 Oct 17South Korea and China have extended a currency swap deal for another three years.
22 Oct 15The Confederation of Asian and Pacific Accountants (CAPA) is holding its 19th conference in Seoul, South Korea, from 27 to 29 October. Conference chair In-Ki Joo, shares his ambitions for the event...
6 Jul 15South Korea has launched a development programme with eight different African governments that will focus on improving local skills in order to enhance economic growth across the continent.
25 Jun 15A round-up of recent public finance stories from Asia Pacific you might have missed.
