Yoon Jeung-Hyun
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South Korea's Lee reshuffles cabinet
May 06, 2011 10:11 EDT
South Korean President Lee Myung-Bak replaced five ministers including his finance chief on Friday in an attempt to revitalise his administration before its fifth and final year in office next year.
Lights go out in Seoul amid energy crunch
Mar 09, 2011 11:27 EST
SEOUL (Reuters) - The bustling entertainment districts of one of the world's largest cities, Seoul, were pitched into darkness early Tuesday as the government clamped down on energy use to cope with rising oil prices.
South Korean inflation hits 27-month high
Mar 02, 2011 02:35 EST
South Korea's inflation hit a 27-month high in February fuelled in part by rising world food prices and Middle Eastern turmoil pushing up energy costs.
S. Korea inflation rises sharply in February
Mar 01, 2011 21:23 EST
South Korea's annual inflation rose at its fastest pace for 27 months in February due to soaring international commodity prices, figures showed Wednesday, raising pressure for an interest rate rise.
Asia must work closely on capital flows: S. Korea
Feb 11, 2011 05:55 EST
Asian countries must cooperate more closely to prevent excessive capital flows damaging financial market stability and overall economic growth, South Korea's finance minister said Friday.
South Korea steps up inflation battle, raises rates
Jan 13, 2011 04:10 EST
SEOUL (Reuters) - South Korea raised interest rates on Thursday, surprising markets, and unveiled a set of measures to contain mounting inflation as policymakers around the world battle surging prices of food and other commodities.
S. Korea economy posts strong jobs growth
Jan 11, 2011 21:58 EST
South Korea's economy added jobs in December at the fastest rate for seven months as manufacturers boosted hiring amid strong exports, official figures showed Wednesday.
S.Korea manufacturing accelerates in December: HSBC
Jan 03, 2011 07:43 EST
South Korea's manufacturing activity accelerated in December to its fastest rate in seven months, propelled by an increase in new orders, according to data released by HSBC Monday.
S.Korea freezes key interest rate for December
Dec 08, 2010 22:47 EST
South Korea's central bank froze its key interest rate Thursday, saying the economy remains on track for solid growth but faces downside factors such as eurozone woes and "geopolitical risks".
US stimulus rings Asian alarm bells
Nov 05, 2010 08:23 EDT
The Federal Reserve said Wednesday it would pump 600 billion dollars into the economy through debt purchases -- effectively printing money -- to boost employment and growth.
Farm grants go to Ethiopia, Niger and Mongolia
Nov 04, 2010 18:43 EDT
Partners in the Global Agriculture and Food Security Program (GAFSP), a new fund to increase agriculture productivity and reduce poverty, announced this week that Ethiopia, Niger and Mongolia will receive the fund?s second round of grants.
Seoul central bank seeks capital inflow controls
Nov 04, 2010 03:03 EDT
A senior finance ministry official said separately that Seoul will "actively" seek further ways to curb excessive inflows, following Wednesday's move by the United States to pump hundreds of billions of dollars into its economy to spur recovery.
China, US closer to G20 deal on trade imbalances
Oct 27, 2010 07:21 EDT
The Financial Times quoted Li Daokui, an adviser to China's central bank, saying G20 finance chiefs had made "good progress" towards a deal at their meeting in South Korea at the weekend.
Focus on global currency pact turns to enforcement
Oct 25, 2010 12:10 EDT
World steps back from the brink with G-20 currency deal, though challenge will be enforcement. Facing the risk of a dangerous trade war, top finance officials from the world's leading rich and developing nations looked each other in the eye and vowed they wouldn't use their currencies as economic weapons to boost exports.
G20 inks pact to avert trade war
Oct 24, 2010 23:47 EDT
GYEONGJU, South Korea (Reuters) - The Group of 20 major economies agreed on Saturday to shun competitive currency devaluations but stopped short of setting targets to reduce trade imbalances that are clouding global growth prospects.
Highlights: G20 finance chiefs on fx, global imbalances, IMF
Oct 23, 2010 09:14 EDT
GYEONGJU, South Korea (Reuters) - The Group of 20 advanced and emerging economies agreed on Saturday to move toward market-determined exchange rates and to pursue the full range of policies needed to reduce excessive external imbalances.
Fractious G20 confronts currency row, reforms IMF
Oct 23, 2010 08:24 EDT
After all-night talks among their senior officials, G20 finance ministers forged an agreement in South Korea to "refrain from competitive devaluation of currencies" and aim for "more market-determined exchange rate systems".
Fractious G20 set to confront trade imbalances
Oct 22, 2010 22:25 EDT
But after all-night talks among senior officials in South Korea, amid fears of a global "currency war", a draft G20 text reported by Dow Jones Newswires did not set specific targets on trade for the United States, China and others.
Currency skirmishes as US pushes plan at G20
Oct 22, 2010 12:35 EDT
G20 finance ministers and central bankers opened a two-day meeting in South Korea, stalked by warnings of an all-out "currency war" between debtor nations such as the United States and export powerhouses such as China.
Currency skirmishes as G20 powers meet
Oct 22, 2010 05:24 EDT
G20 finance ministers and central bankers opened a two-day meeting in South Korea, stalked by warnings of an all-out "currency war" between debtor nations such as the United States and export powerhouses such as China.
