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News from South Korea Economy
Stay current with all the latest and breaking news about South Korea Economy, compare headlines and perspectives between news sources on stories happening today. In total, 374 stories have been published about South Korea Economy which Ground News has aggregated in the past 3 months.
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Donald Trump · SeoulDuring the first three months of Donald Trump's presidency in 2017, stocks in Korea's construction and information technology sectors rose significantly, while auto and steel stocks declined.See the Story
AI, electric utility, transportation stocks to benefit from potential Trump return
100% Left coverage: 1 sources
Yoon Seok-Yeol · South KoreaSouth Korean President Yoon Suk Yeol named an economist as a new senior secretary to boost the country’s birthrate, which ranks as the lowest in the world and threatens long-term economic prospects.See the Story
South Korea Names Economist as Aide to Tackle Fertility Crisis
100% Left coverage: 1 sources
Stock Markets · SeoulSouth Korean shares dipped by nearly 2 percent Thursday as tech and auto stocks crashed following an overnight drop on Wall Street. The local currency fell slightly against the US dollar. The benchmark Korea Composite Stock Price Index lost 48.06 points, or 1.74 percent, to close at 2,710.65. Trading volume was heavy at 433 million shares worth 13.4 trillion won ($9.67 billion) with losers outnumbering gainers 728 to 160. Foreigners remained net…See the Story
Korean stocks dip nearly 2% on tech, auto losses
100% Right coverage: 1 sources
Economy · SeoulSouth Korea unveiled its tax code revision bill Thursday, featuring a major overhaul of the outdated inheritance tax system and new measures to boost investment and encourage marriage. Featuring tax cuts and incentives, the plan is expected to reduce tax revenue by approximately 4.4 trillion won ($3.17 billion) over the next five years. However, the government projects that economic recovery later this year will improve revenue conditions and of…See the Story
Korea unveils tax reform bill to spur economy
100% Right coverage: 1 sources
Economy · South KoreaSouth Korea's Economy Faces Unexpected Contraction, Rate Cut Likely South Korea's economy experienced an unexpected contraction in the second quarter of 2024, marking its sharpest decline since 2022. This downturn is primarily driven by weakening consumer spending, which has overshadowed a robust export performance.According to data from the Bank of Korea, the gross domestic product (GDP) for the April-June period fell by 0.2% from the previous…See the Story