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☆ Watch CNBC's full interview with the South Korean deputy prime minister
  + stars: | 2023-06-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with the South Korean deputy prime ministerSouth Korean Deputy Prime Minister and Minister of the Economy and Finance Choo Kyung-ho discusses Japan, the U.S. Inflation Reduction Act, the global economy, foreign investment and more.
Persons: Finance Choo Organizations: South Korean, South, Finance Locations: Japan, U.S
☆ South Korea signs $130 mln aid package with Ukrainian minister
  + stars: | 2023-05-17 | by ( ) www.reuters.com   time to read: +1 min
[1/2] South Korean Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho speaks during an interview with Reuters in Incheon, South Korea, May 3, 2023. REUTERS/Kim Hong-JiSEOUL, May 17 (Reuters) - South Korea signed an agreement with Ukraine on Wednesday on its plan to provide a $130 million financial aid package, a day after the visiting first lady of the war-hit country asked for military assistance. South Korea's finance ministry said Minister Choo Kyung-ho and Ukrainian Economy Minister Yulia Svyrydenko, in Seoul to attend a conference, signed the agreement on the package, which will consist of donations and aid loans. South Korea, a major producer of artillery shells, has said it was not providing lethal weapons to Ukraine, citing its relations with Russia. Reporting by Choonsik Yoo; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
☆ South Korea posts the worst trade deficit in its history
  + stars: | 2023-02-01 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
05 November 2022, South Korea, Pusan: Containers are loaded from the container freighter "Alula Express" at Busan Newport International Terminal, one of the largest container ports in the world. Photo: Bernd von Jutrczenka/dpa (Photo by Bernd von Jutrczenka/picture alliance via Getty Images)It marked the worst trade deficit since the agency started compiling data in 1956 and far more than the $20.6 billion trade deficit in 1996. South Korea recorded a trade deficit of $47.5 billion for 2022, official data from the customs agency showed. January exports fell $46.3 billion, or 16.6% – declining more than expectations for a drop of 11.3%. That resulted in a deficit of $12.7 billion for January, more than the $9.27 billion expected by economists polled by Reuters.
☆ South Korea expands corporate bond-buying program amid credit crunch concern
  + stars: | 2022-10-23 | by ( ) www.cnbc.com   time to read: +1 min
South Korea Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho speaks with his staff attending the G-20 Finance Ministers Meeting in Bali, Indonesia on July 16, 2022. South Korea's government will expand its corporate bond-buying program among other liquidity supply measures amid growing worries about a credit crunch in bond and short-term money markets. The government will double the ceiling of its corporate bond-buying facility run by state-run banks to 16 trillion won ($11 billion), Minister of Economy and Finance Choo Kyung-ho said on Sunday. Commercial paper issued by securities firms will be included in the facility's purchase list, while an additional 3 trillion won of liquidity will be supplied by the Korea Securities Finance Corp for securities firms experiencing liquidity shortages, he said. The Bank of Korea's monetary policy board will also consider its own measures, such as reactivating a special purpose vehicle to purchase corporate bonds and commercial paper first introduced during the pandemic, Governor Rhee Chang-yong told reporters.
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