Volume of marked, tax-paid fuel reaches 6.87B
The volume of marked tax-paid oil products reached 6.87 billion in mid-April as the fuel marking program had been exempted from coronavirus lockdowns to ensure correct tax and duty payments…
With flattened curve, what’s ahead for S. Korean economy?
A cashier of E-mart warehouse store in Daegu. Yonhap via The Korea Herald/Asia News Network SEOUL — The signs of a slowing COVID-19 spread on the back of a strong…
Korean pharmas form unprecedented alliance to fight pandemic
Korea Pharmaceutical and Bio-Pharma Manufacturers Association via The Korea Herald SEOUL — Governmental organizations and the pharma industry are of the same mind in South Korea when it comes to…
South Korea unveils $32B relief package for key industries, job retention
(Yonhap) via The Korea Herald SEOUL — President Moon Jae-in on Wednesday announced a massive relief package, worth 40 trillion won ($32 billion), for South Korea’s key industries disrupted by…
S. Korea’s credit card loans soar in March amid COVID-19 fallout
SEOUL — South Korea’s credit card loans soared 25.6 percent on-year in March, amid the prolonged economic fallout of the COVID-19 outbreak, industry data showed Wednesday. Seven major credit card…
Korean shipbuilders nervous as oil prices turn negative
(Yonhap) via The Korea Herald SEOUL — Jitters are being felt among Korean shipbuilders as the price of US oil turned negative for the first time in history this week,…
Negative oil futures price reflects shock of COVID-19 pandemic
A line handler helps dock the oil tanker, Texas Voyager, as it pulls into its mooring to offload its crude oil at Port Everglades in Fort Lauderdale, Florida,on April 21,…
Pogo exec donates thousands of COVID-19 test kits, PPE sets, says more coming
Online gaming executive Kim Wong has donated thousands of COVID-19 rapid test kits and personal protective gear to build up government supplies for frontline workers, promising more donations in the…
Outstanding IOUs’ value inched up to P5.5 trillion in March
Even as investors’ appetite for government securities weakened in mid-March as they held on to cash at the start of the enhanced community quarantine, the amount of debt papers sold…
DOF backs 2 state-run banks as lending conduits in post-coronavirus stimulus package
The Department of Finance (DOF) is supporting the pitch of state-run lenders Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to serve as the government’s…