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South Korea quietly intervenes on the won to bolster economy

Last Updated: Monday, July 14, 2014, 05:36

33. Korea`s foreign exchange authorities have been engaged in a quiet war in recent months to hold down the won, throwing more firepower at it than for years in a bid to support exports and help keep the economy on its fragile recovery track.

S. Korea exports fall 0.9% in May

Last Updated: Sunday, June 01, 2014, 09:29

South Korea`s exports in May fell 0.9 percent from a year ago largely due to fewer working days that hampered production, state data showed Sunday.

S. Korea economy adds 1.1% in Q3

Last Updated: Friday, October 25, 2013, 12:47

South Korea`s economy expanded 1.1 percent in the third quarter, sustaining the same quarterly growth registered in the April-June period, the central bank said Friday.

South Korea records trade surplus for 19th month

Last Updated: Sunday, September 15, 2013, 21:36

The country's exports came to USD 46.38 billion last month, up 7.7 percent from the same period a year earlier.

South Korea's trade surplus doubles

Last Updated: Sunday, September 01, 2013, 14:25

Trade surplus increased to $4.92 billion in August from $2.54 billion in July, according to the Ministry of Trade, Industry and Energy, reports Xinhua.

South Korea's foreign reserves fall

Last Updated: Wednesday, June 05, 2013, 15:48

Foreign reserves were USD328.1 billion as of the end of May, down from USD328.8 billion in the prior month, according to the Bank of Korea (BOK).

South Korea posts trade surplus

Last Updated: Saturday, June 01, 2013, 16:28

South Korea posted a trade surplus of USD 6.03 billion in May as exports grew at a faster pace than the previous month despite the continued devaluation of the Japanese yen, a government report showed Saturday.

South Korea's current account surplus almost doubles

Last Updated: Monday, April 29, 2013, 13:04

Current account surplus was USD 4.98 billion in March after posting a surplus of USD 2.71 billion in February and USD 2.33 billion in January respectively, according to the Bank of Korea (BOK).

South Korea's consumer confidence hits eight-month high

Last Updated: Monday, January 28, 2013, 12:36

Confidence among South Korean consumers rose to an eight-month high in January as the Asia's No.4 economy showed signs of bottoming out, Bank of Korea (BOK) said in a statement Monday.

South Korea's consumer prices rise

Last Updated: Monday, December 03, 2012, 13:35

The November figure was down from a 2.1 percent rise for October and a 2.0 percent gain for September, according to Statistics Korea. From a month before, the prices declined 0.4 percent last month, down from a 0.1 percent fall tallied in October, reported Xinhua.

South Korea's business sentiment continues to worsen

Last Updated: Monday, October 29, 2012, 12:55

The BSI for November, measuring manufacturers' outlook on business conditions for the upcoming month, slid 2 points to 70, marking the identical number for August. The reading adjusted with seasonal factors retreated rose 2 points to 72 over the same period.

South Korea's trade terms worsen

Last Updated: Monday, August 13, 2012, 15:15

The second-quarter fall was slower than a 6.4 percent drop for the first quarter, but the figure neared the record low level of 75.1 tallied in the previous quarter, reported Xinhua.