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    • South Korea braces for tough H1, promises support for exports, investment

      • BY Reuters|
      • Asia-Pacific , South Korea |
      • 06:42 PM ET 02/02/2023

      South Korea's finance minister said on Friday the country's exports and investment would be weak at least through the first half of the year and that the government would provide maximum support to ease the situation.

    • South Korea Jan inflation ticks up, leaves policy outlook steady

      • BY Reuters|
      • Asia-Pacific , South Korea |
      • 08:39 PM ET 02/01/2023

      South Korean consumer inflation ticked up in January to a three-month high but, driven mostly by temporary effects, left investors still confident that the central bank had ended its cycle of interest rate rises. The consumer price index was 5.2% higher in January than in the same month a year before, rising faster than the 5.0% rate seen in December, Statistics Korea data showed on Thursday.

    • South Korea Jan inflation unexpectedly ticks up

      • BY Reuters|
      • Asia-Pacific , South Korea |
      • 06:20 PM ET 02/01/2023

      South Korea's consumer inflation ticked up in January to a three-month high, against economists' expectations, official data showed on Thursday. The consumer price index was 5.2% higher in January than in the same month a year before, rising faster than the 5.0% rate seen in December, according to Statistics Korea.

    • South Korean shares rise 1% as chipmakers bounce back; Fed decision in focus

      • BY Reuters|
      • Asia-Pacific , South Korea |
      • 02:28 AM ET 02/01/2023

      * KOSPI rises, foreigners net buyers. * Korean won slightly up against dollar. * South Korea benchmark bond yield falls. * For the midday report, please click. Round-up of South Korean financial markets: ** South Korean shares ended 1% higher on Wednesday, as chipmakers rebounded from the previous sessions' sharp losses, with investors also eying the U.S. Federal Reserve's meeting outcome.

    • South Korea slides toward recession as Jan exports plunge

      • BY Reuters|
      • Asia-Pacific , South Korea |
      • 08:15 PM ET 01/31/2023

      South Korea's economy inched toward its first recession in three years as data on Wednesday showed its January trade deficit soared to a record thanks to a plunge in exports caused by a combination of long holidays and cooling global demand.

    • South Korea factory activity contracts in January at slightly milder pace - PMI

      • BY Reuters|
      • Asia-Pacific , South Korea |
      • 07:40 PM ET 01/31/2023

      South Korea's factory activity contracted for a seventh straight month in January, a business survey showed on Wednesday, amid weak global demand and soaring COVID-19 infections in China. Still, the pace of contraction was a bit milder than in the previous month, while manufacturers were also seen preparing for a brighter future ahead.

    • South Korea slides toward recession as Jan exports plunge

      • BY Reuters|
      • Asia-Pacific , South Korea |
      • 07:18 PM ET 01/31/2023

      * Jan exports -16.6% y/y vs -11.3% in Reuters poll. * Exports to China -31.4%, exports of chips -44.5% * Recession looms after -0.4% fall in Q4 2022 GDP. By Jihoon Lee and Choonsik Yoo.

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    News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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