South Korea outlined a plan on Tuesday to spend 114.1 trillion won ($94.6 billion) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.
South Korea’s central bank (CB) kept its benchmark policy rate on hold on Thursday, avoiding the risk of fuelling runaway property prices amid government efforts to tamp down on demand in the sector.
South Korea on Tuesday doubled a planned economic rescue package to 100 trillion won ($80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets.
South Korea’s central bank (CB) kept interest rates steady on Thursday, but sharply downgraded its 2020 growth outlook and kept the door open for more monetary stimulus to support an economy hard hit by the coronavirus pandemic.
The banner cost him a tidy sum of $5,000. It extended from his home, through nearby streets, over a river and into a neighbouring village. But he does not mind it at all.
Samsung Electronics on Friday released the Galaxy S10 5G, the world’s first available smartphone with built-in fifth-generation communications technology, as South Korea seeks to build a lead in the transformative system.
Ratings firm Moody’s said on Tuesday that potential auto tariffs by the United States would be a risk to global growth, hindering economic momentum in Germany, Japan and Korea.
South Korea’s three mobile carriers and top US telco Verizon Communications commercially launched 5G services on Wednesday, ahead of their initial schedules
Saudi Crown Prince Mohammed Bin Salman plans to visit South Korea this week as the two countries seek to bolster economic ties, officials in Seoul said on Monday.