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South Korea economy returns to growth in Q3 as stimulus kicks in

Cynthia Kim, Reuters
Updated as of Oct 27 10:10 AM

South Korea's economy returned to growth in the third quarter, recovering from its sharpest contraction in more than a decade, as the government pushed through stimulus measures and major trading partners eased coronavirus restrictions.   Read more »

Seoul's angels: South Korea food delivery giants rev up rider race amid coronavirus boom

Joori Roh and Sangmi Cha, Reuters
Posted at Oct 14 12:54 PM

South Korea's food delivery market is expected to jump 40 percent this year to around $15.4 billion from $11 billion in 2019, Euromonitor data showed, topped only by China and the United States. Read more »

South Korea central bank cuts growth outlook on virus fears

Agence France-Presse
Posted at Aug 27 12:02 PM

South Korea's central bank slashed its growth forecast Thursday, predicting the world's 12th-largest economy will shrink more than one percent this year as it braces for a surge of coronavirus infections. Read more »

Samsung Electronics flags 56 pct fall in Q3 operating profit

Sunghee Hwang, Agence France-Presse
Posted at Oct 10 07:37 AM

Samsung Electronics said on Tuesday it expected operating profits to drop more than 50 percent in the third quarter as it struggles with a long-running slump in the global chip market.   Read more »