August 21, 2024

(EDITORIAL from Korea JoongAng Daily on Aug. 21)

The Democratic National Convention to nominate Vice President Kamala Harris as the presidential candidate of the Democratic Party started in Chicago on Monday. The Democratic Party has released its party platform defining the direction of its future …

S. Korea’s external debt down for 2nd quarter in Q2: data

South Korea’s external debt decreased for the second consecutive quarter amid a fall in long-term debts, central bank data showed Wednesday.

The country’s external liabilities had come to US$658.3 billion as of end-June, compared with $667.5 billion…

Biz outlook down for 2nd month in August amid U.S. recession woes

South Korea’s business sentiment dipped for second consecutive month in August amid dim prospects for the U.S. economy, a central bank poll showed Wednesday.

Local companies’ business sentiment index (BSI) stood at 92.5 this month, down from 95.1 th…

Corporate direct financing rises 7.5 pct in July on debt sales

Corporate direct financing in South Korea climbed 7.5 percent in July, as more companies tapped the bond market to raise funds, data showed Wednesday.

Local companies raised a combined 21.61 trillion won (US$16.18 billion) by selling stocks and bond…

(EDITORIAL from Korea Herald on Aug. 21)

Time to refocus

Two leaders of Korea’s rival parties need to work on pressing issues during first meeting

After months of partisan wrangling that has paralyzed the legislative procedures for passing bills, South Korea’s ruling and opposition partie…