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South Korea unveils stimulus after ferry sinking
SEOUL, South Korea (AP) — South Korea's government announced a $40 billion stimulus plan Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level in three quarters. To stimulate the real estate market, the government will ease mortgage rules that limit household loans for home buyers. In announcing the stimulus, the ministry lowered its forecast for South ...

Korean Household Debt Remains Manageable, for Now
Korean household debt has risen strongly over the last 15 years, spurred by government policies, low interest rates, and the booming property market. Key metrics suggest household debt remains manageable. The warming housing market and emergence of second-tier lenders and loan sharks pose risks to the financial system. Korea has the means and experience to deal with a banking crisis.

S. Korea unveils $40 bln economic stimulus package
South Korea unveiled a $40 billion stimulus package Thursday as the finance minister warned of a risk of recession after the economy grew at its slowest rate for more than a year in the second quarter. Citing sluggish domestic demand in the wake of a devastating ferry disaster in April, the finance ministry cut its forecast for economic expansion in 2014 to 3.7 from 4.1 percent. "Our economy now ...

S. Korea June factory output growth hits near 5-year high
SEOUL: South Korea's factory output in June blew past expectations to post its strongest growth in nearly five years, fully recouping a sharp contraction in May and calming fears of the economic recovery stalling.

South Korea offers $11 billion in stimulus spending as growth dips
South Korea offered billions of dollars in stimulus spending and property market-boosting steps on Thursday to shore up demand after reporting its weakest economic growth in more than a year. Exports in Asia's fourth-largest economy have benefited less than expected from a pick-up in the global economy this year, but domestic demand has been fragile since a mid-April ferry accident hit tourism ...

Korea Eases Property Rules With Household Debt at Record
South Korea will loosen home-loan restrictions, risking worsening a record household debt problem as President Park Geun Hye seeks to revive a stagnant property market to boost Asia’s fourth-biggest economy.

South Korea unveils stimulus plans as shock of ferry sinking slows growth
SEOUL, South Korea - South Korea's government announced a $40 billion stimulus plan Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level in three quarters.

S. Korea unveils US$40b stimulus package
SEOUL: South Korea unveiled a US$40 billion (RM127 billion) stimulus package yesterday as the finance minister warned of a risk of recession after the economy grew at its slowest rate for more than a year in the second quarter. The stimulus plan of 41 trillion won, or US$40 billion, includes 11.7 trillion won in expanded fiscal spending and 29 trillion won in extra financing support.

South Korea Pushes $40 Billion Stimulus Package
South Korea unveiled a $40 billion stimulus package Thursday as the finance minister warned of a risk of recession after Asia's fourth-largest economy grew at its slowest rate for more than a year in the second quarter. Citing sluggish domestic demand in the wake of a devastating ferry disaster in April, the finance ministry cut its forecast for economic expansion in 2014 to 3.7 from 4.1 percent ...

S. Korea rolls out US$11bil in stimulus spending as growth dips
SEOUL: South Korea offered billions of dollars in stimulus spending and property market-boosting steps on Thursday to shore up demand after reporting its weakest economic growth in more than a year.

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