|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
30th of December 2010
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

News Tag: South Korea

November 12, 2010

G20 moves to resolve trade imbalances

by Kay Murchie
’G20
The G20 group of nations have agreed to avoid "competitive devaluation" of currencies in what has been regarded as a tense summit in Seoul, South Korea. Most notably were the tensions between the US and China. The US has previously expressed dissatisfaction that China is keeping the value of the yuan low to help its exporters at the expense of overseas competitors. ...




November 11, 2010

Mervyn King urges G20 leaders to stand firm over trade imbalances

by Kay Murchie
’Mervyn
The Bank of England Governor, Mervyn King, is urging the group of G20 nations to address the issue of trade imbalances. His comments echoed those of the US who said it wants the G20 group of nations to agree to curtail “excessive imbalances” in world trade. Mr King said: "We are very much in the position that we ...




Tension mounts ahead of G20 summit in South Korea

by Kay Murchie
’Tension
Several topics are set to be high on the agenda at today’s G20 gathering in South Korea. The group of G20 nations, which accounts for about 85% of the global economy, comprise the world's 19 leading national economies (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, ...




October 24, 2010

G20 moves to prevent currency war

by Kay Murchie
’G20
A gathering of finance ministers and central bankers in Gyeongju, South Korea, has taken place this weekend and high on the agenda was the threat of a currency war. The currency issue was left unresolved earlier this month after the International Monetary Fund (IMF) and World Bank annual meeting in Washington failed to reach an agreement. Some Governments have been accused of manipulating ...




October 14, 2010

South Korea leaves interest rates on hold

by Kay Murchie
South Korea leaves interest rates on hold
The Bank of Korea (BoK) has today opted to leave interest rates on hold at 2.25% - for the third consecutive month. The decision surprised many economists who had expected rates to be lifted to 2.5%. The central bank left interest rates at the record low 2% for 17 months following the global economic downturn but raised it to 2.25% in July. Commenting ...




July 26, 2010

S.Korea economy expands 1.5% in Q2

by Kay Murchie
”S.Korea
Figures today revealed South Korea's economy grew by 1.5% in the second quarter compared with the first quarter - much faster than economists had expected. On an annual basis, the economy expanded by 7.2% and, according to the central bank, growth has returned to the pre-crisis level. According to economists, the level of growth could lead the Bank of Korea to increase ...




June 16, 2010

China ranked bottom for ethical investment

by David Masters
China ranked bottom for ethical investment
Ethical investors looking to put money into emerging market economies should avoid China, Egypt and Vietnam, the Ethical Investment Research Service (Eiris) has claimed. Research by the group found these three countries to be the worst performers in terms of Environmental, Social, and Governance indicators. The three best-performing emerging market countries were South Korea, Brazil, and Mexico. Both Brazil and Mexico scored higher on ...




June 6, 2010

G20 nations address global economic issues

by Kay Murchie
’G20
G20 finance ministers and central bank governors from the world’s top 20 developed and emerging economies have met in South Korea this weekend and have said excessive budget deficits should be dealt with immediately. The agenda was believed to be discussing the need for common standards across financial markets, including a global bank tax - however there was no mention ...




April 27, 2010

South Korean GDP surges ahead in quarter one

by Kay Murchie
South Korean GDP surges ahead in quarter one
South Korea's economy, which is the third largest in Asia, expanded by 1.8% in the first three months of the year on the back of a strong recovery in manufacturing, exports and spending. Exports grew by 3.4% in the three month period after contracting 1.5%. Meanwhile, manufacturing grew 3.6% in the first quarter after shrinking 1.7% in the previous quarter. Like ...




February 23, 2010

Car production surges in South Korea

by Kay Murchie
”Car
According to the Korea Automobile Manufacturers Association (KAMA), South Korea's share of the global car market grew to an all-time high of 5.7% in 2009. The KAMA said South Korea produced a total of 3.513 million vehicles last year - 5.7% of the 61.295 million total worldwide. As a result, the country retained its ranking as the world's fifth biggest carmaker in terms ...




October 26, 2009

South Korean economy sees rapid turnaround

by Kay Murchie
”South
The Bank of Korea has announced that the South Korean economy expanded by 2.9% in the third quarter of 2009 - the fastest quarterly rate in more than seven years. Today’s figures have ended a run of three consecutive quarters of negative year-on-year growth. The news will fuel hopes that Asia’s fourth largest economy is seeing signs of a sustainable recovery as ...




May 14, 2009

South Korean interest rate remains unchanged

by Peter Charalambous
”South
The central bank of South Korea has maintained interest rates at a record low of just 2 percent for the third consecutive month, in a bid to maintain the economy. The Bank of Korea Governor, Lee Seong Tae, said that the bank has forecast marginal positive quarterly growth over the coming period and the 2 percent rate will help avert a ...




May 1, 2009

South Korea’s trade surplus hits record high

by Peter Charalambous
...




January 22, 2009

China hit by fall in exports

by Kay Murchie
”China
Economic growth in the world's third-largest economy slowed to 9% last year - the lowest rate of growth for seven years. While overall growth of 9% for the year should be good news for the economy, it followed on from 13% growth in 2007 and figures show that growth slowed considerably towards the end of last year. Growth in the first quarter ...




November 3, 2008

Economies announce rescue packages, shares rise

by Kay Murchie
”Economies
Global shares have risen today on the back of Government intervention after South Korea has become the latest country to announce a stimulus package to boost its economy. The package, worth around 14 trillion won (£6.6 billion, $10.9 billion), has been announced by the Ministry of Strategy and Finance in a bid to stave off a recession. Eleven trillion won is to ...