Labor Ministry Stresses Need to Revamp Unemployment Benefits System
Kevin
Jul 30, 2023
98
471
[Economy] : The labor ministry has estimated that unemployment benefits provided by the government more than tripled in ten years ...
Economy Posts Growth for Second Straight Quarter with 0.6% in Q2
Kevin
Jul 30, 2023
12
234
[Economy] : The South Korean economy managed to post growth in the second quarter as imports decreased more than exports, but priv...
Data Finds over 60% of Seniors Economically Active
Kevin
Jul 30, 2023
80
936
[Economy] : Over 60 percent of people between the ages of 55 and 79 are economically active while two out of three in the age grou...
KOSPI Ends Tuesday Up 0.3%
Kevin
Jul 30, 2023
26
662
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose seven-point-93 points, or zero-point-three percent, on Tue...
IMF Cuts S. Korea's 2023 Economic Growth Outlook to 1.4%
Kevin
Jul 30, 2023
76
651
[Economy] : The International Monetary Fund(IMF) has lowered its 2023 economic growth outlook for South Korea again to one-point-f...
Consumer Sentiment Rises for Fifth Month in July
Kevin
Jul 30, 2023
80
563
[Economy] : The country’s consumer sentiment improved for the fifth consecutive month in July. According to the Bank of Korea(B...
SK Hynix Posts Operating Losses of 2.88 Tln Won in Q2
Kevin
Jul 30, 2023
62
542
[Economy] : SK Hynix posted operating losses of two-point-88 trillion won, or some two-point-26 billion U.S. dollars, in the secon...
Business Sentiment Worsens amid Continued Economic Uncertainties
Kevin
Jul 30, 2023
58
211
[Economy] : Business sentiment worsened in July on the back of a global economic slowdown amid continued economic uncertainties. ...
KOSPI Ends Wednesday Down 1.67%
Kevin
Jul 30, 2023
50
775
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) lost 44-point-one points, or one-point-67 percent, on Wednesday...
Finance Minister Downplays Effect of Widened Gap with US’ Key Rate
Kevin
Jul 30, 2023
22
433
[Economy] : Finance minister Choo Kyung-ho has downplayed concerns that the nation’s economy could face more uncertainties as the ...
Hyundai, Kia, 5 Automakers to Build EV Charging Network in N. America
Kevin
Jul 30, 2023
58
676
[Economy] : South Korea’s Hyundai Motor Company and Kia will join a venture of seven top automakers to build a network of high-pow...
Samsung Electronics Posts Loss of 4 Tln Won for Semiconductors in Q2
Kevin
Jul 30, 2023
44
486
[Economy] : Samsung Electronics posted a second straight quarter of deficit in its semiconductor business as the company reported ...
BOK Expects More Uncertainty with US Monetary Policy after Rate Hike
Kevin
Jul 30, 2023
19
922
[Economy] : South Korea's central bank has forecast continuing uncertainties surrounding the U.S. monetary policy following the Fe...
Industrial Output, Consumption, Investment All Rise for 2nd Month
Kevin
Jul 30, 2023
16
607
[Economy] : Industrial output, consumption and investment all grew in June to post a triple rise for the second consecutive month....
KOSPI Ends Friday Up 0.17%
Kevin
Jul 30, 2023
77
427
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose four-point-51 points, or zero-point-17 percent, on Friday,...
Gas, Diesel Prices Rise for 3rd Week
Kevin
Jul 30, 2023
59
757
[Economy] : Gasoline and diesel prices have risen for the third consecutive week. According to oil price portal Opinet run by...
Employment Rate of Senior Citizens Rise to 36%
Kevin
Jul 30, 2023
39
796
[Economy] : The employment rate of senior citizens increased from 30 percent in 2012 to over 36 percent over the past decade. A...
Report: Hyundai, Kia's Combined US Market Share Above 10% in First Half
Kevin
Jul 30, 2023
18
568
[Economy] : The combined market share of Hyundai Motor and its affiliate Kia in the United States market reportedly remained above...
Imports of Japanese Seafood Products Drop over 30% in May
Kevin
Jun 24, 2023
61
336
[Economy] : Imports of Japanese seafood products fell by more than 30 percent last month from a year earlier amid concerns over Ja...
Prices of Gimbap, Jjajangmyeon Jump over 40% in 5 Years
Kevin
Jun 24, 2023
19
400
[Economy] : The prices of several common restaurant meals have jumped over 40 percent in the past five years amid rapid inflation ...
Statistics Korea: Employed People in 60s Outnumber Those in 20s
Kevin
Jun 24, 2023
14
729
[Economy] : New data finds that the number of employed people in their 60s exceeded those with jobs in their 20s as the aging popu...
S. Korea's Won Strongest against Yen in 8 Years
Kevin
Jun 24, 2023
91
806
[Economy] : South Korea's won hit the 800 won range per 100 yen for the first time in eight years on Monday. According to Seoul...
Finance Minister Seeks Active Investment from Major Businesses
Kevin
Jun 24, 2023
34
309
[Economy] : Finance minister Choo Kyung-ho sought active investment from the country's major businesses to spur the economy forwar...
KOSPI Ends Monday Down 0.62%
Kevin
Jun 24, 2023
64
756
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell 16-point-29 points, or zero-point-62 percent, on Monday, t...
KEPCO to Freeze Electricity Rates in Q3
Kevin
Jun 24, 2023
53
632
[Economy] : Electricity rates will be frozen in the third quarter after two hikes this year. The state-run Korea Electric Power C...
KOSPI Ends Tuesday Down 0.18%
Kevin
Jun 24, 2023
20
878
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) edged down four-point-59 points, or zero-point-18 percent, on T...
Exports Rise 5.3% in First 20 Days of June
Kevin
Jun 24, 2023
96
302
[Economy] : Exports grew about five percent on-year in the first 20 days of June. According to tentative data from the Korea Cu...
Flights at Incheon Int’l Airport to Reach Pre-COVID Levels This Winter
Kevin
Jun 24, 2023
27
447
[Economy] : The Incheon International Airport Corporation projects that the number of flights landing and departing from the airpo...
Producer Prices Fall for Second Month in May
Kevin
Jun 24, 2023
54
895
[Economy] : Producer prices dropped for the second consecutive month in May as a fall in global oil prices pulled down prices of p...
KOSPI Ends Wednesday Down 0.86%
Kevin
Jun 24, 2023
26
590
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell 22-point-28 points, or zero-point-86 percent, on Wednesday...
S. Korea Posts First Current Account Deficit with China in 21 Years
Kevin
Jun 24, 2023
19
537
[Economy] : South Korea posted a current account deficit with China for the first time in 21 years while logging a record surplus ...
S. Korean-Led Int’l Consortium Wins Green Hydrogen Project in Oman
Kevin
Jun 24, 2023
99
941
[Economy] : An international consortium led by South Korea's POSCO Holdings and Samsung Engineering has secured a project to devel...
KOSPI Ends Thursday Up 0.43%
Kevin
Jun 24, 2023
78
825
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) added eleven-point-07 points, or zero-point-43 percent, on Thur...
S. Korea Again Fails to Make MSCI’s ‘Developed Markets’ Watchlist
Kevin
Jun 24, 2023
61
595
[Economy] : South Korea has again failed to make Morgan Stanley Capital International’s(MSCI) candidate list of “developed markets...
KOSPI Ends Friday Down 0.91%
Kevin
Jun 24, 2023
14
360
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell 23-point-60 points, or zero-point-91 percent, on Friday, t...
Gas, Diesel Prices Continue to Slide
Kevin
Jun 24, 2023
24
656
[Economy] : Both gasoline and diesel prices continue to fall. According to oil price portal Opinet run by the Korea National O...
KOSPI Ends Friday Up 0.66%
Kevin
Jun 18, 2023
91
282
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) gained 17-point-25 points, or zero-point-66 percent, on Friday,...
Finance Ministry Finds Economic Slowdown Persists but Risks Ease
Kevin
Jun 18, 2023
95
901
[Economy] : The finance ministry has said that while the country is facing a continued slowdown in the economy, downside risks are...
Finance Minister: Inflation Likely to Fall to 2% Range in June or July
Kevin
Jun 18, 2023
44
334
[Economy] : Finance Minister Choo Kyung-ho said on Sunday that the inflation rate is expected to fall to the two-percent range in ...
Number of EV Chargers in S. Korea Tops 240,000
Kevin
Jun 18, 2023
16
227
[Economy] : The number of chargers for electric vehicles (EVs) in South Korea has surpassed 240-thousand. Citing data submitted...
