S. Koreans' Purchase of Japanese Yen Rises Nearly Five Times in May
Kevin
Jun 18, 2023
40
659
[Economy] : South Koreans' combined purchase of the Japanese currency at major local banks rose nearly fivefold in May from a year...
KOSPI Ends Tuesday Up 0.33%
Kevin
Jun 15, 2023
83
182
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) added eight-point-60 points, or zero-point-33 percent, on Tuesd...
Finance Chief Against Revising Tax Code to Secure Revenue
Kevin
Jun 15, 2023
99
934
[Economy] : Finance minister Choo Kyung-ho has opposed the idea of revising the tax code to secure tax revenue amid concerns of it...
Export, Import Prices Post First Drop in 4 Months in May
Kevin
Jun 15, 2023
49
999
[Economy] : The country’s export and import prices both fell for the first time in four months in May with a drop in crude oil pri...
351,000 Jobs Added in May to Post Record Employment Rate for Month
Kevin
Jun 15, 2023
27
804
[Economy] : The nation added over 350-thousand jobs in May as the employment rate reached a record high for the month, but the num...
US Inflation Slows to 4% in May for 2-Year Low
Kevin
Jun 15, 2023
43
467
[Economy] : U.S. consumer prices grew at the slowest pace in two years in May, leading to suggestions that the U.S. Federal Reserv...
ICT Exports Plunge Nearly 30% in May to Continue 11-Month Streak
Kevin
Jun 15, 2023
98
904
[Economy] : Exports in the information and communications technology(ICT) sector plunged for the eleventh straight month in May as...
KOSPI Ends Wednesday Down 0.72%
Kevin
Jun 15, 2023
15
1024
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) lost 18-point-87 points, or zero-point-72 percent, on Wednesday...
New EU Battery Law Not Expected to Impact Status of S. Korean Firms
Kevin
Jun 15, 2023
84
856
[Economy] : The government does not believe that the status of South Korean battery makers will be impacted by a new European Unio...
Host of Web Cafe on Stocks Hit with Travel Ban over Suspicious Losses
Kevin
Jun 15, 2023
89
506
[Economy] : Prosecutors have slapped a travel ban on an operator of an internet café on stocks on suspicion of involvement in the ...
Gov't Announces Union Policies to Enhance Accounting Transparency
Kevin
Jun 15, 2023
91
661
[Economy] : The government has announced measures intended to enhance transparency in the accounting of labor unions. The labor m...
Fiscal Deficit Surpasses 45 Tln Won as of April as Debt Hits 1.07 Qln Won
Kevin
Jun 15, 2023
44
808
[Economy] : The country's fiscal deficit this year surpassed 45 trillion won as of April in the wake of economic uncertainties as ...
Savings Program for Young Adults Proves Popular on Launch Day
Kevin
Jun 15, 2023
51
445
[Economy] : A state-backed savings program for young adults exceeded 30-thousand subscribers within mere hours of launching on Thu...
KOSPI Ends Thursday Down 0.40%
Kevin
Jun 15, 2023
22
262
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell ten-point-54 points, or zero-point-40 percent, on Thursday...
BOK Tracking Market Trends as US Fed Pauses Rate Hikes
Kevin
Jun 15, 2023
82
268
[Economy] : South Korea's central bank says it will closely monitor local financial markets after the U.S. Federal Reserve decided...
Gas, Diesel Prices Continue to Fall
Kevin
Jun 12, 2023
43
822
[Economy] : Both gasoline and diesel prices fell this week. According to oil price portal Opinet run by the Korea National Oil ...
KDI: More Indicators Suggesting Economy Hit Bottom
Kevin
Jun 12, 2023
97
508
[Economy] : The state-run Korea Development Institute (KDI) said that it is seeing more indicators suggesting that the economy has...
S. Korea's Gender Gap in Labor Force Participation Rate 7th Largest among OECD Nations
Kevin
Jun 12, 2023
22
222
[Economy] : The country’s gender gap in labor force participation rates was the seventh largest among 38 member states of the Orga...
Exports Rise 1.2% in First 10 Days of June, Daily Average Drops 6%
Kevin
Jun 12, 2023
88
756
[Economy] : Exports grew about one percent on-year in the first ten days of June. According to tentative data from the Korea Cust...
Ex-Samsung Exec. Indicted for Theft of Secrets in Replica Chip Plant Plan
Kevin
Jun 12, 2023
38
816
[Economy] : A former executive of Samsung Electronics has been arrested and indicted for stealing and leaking confidential informa...
Trade Ministry Urges EU to Fairly Apply Laws on Carbon & Emissions
Kevin
Jun 12, 2023
51
615
[Economy] : The trade ministry on Monday convened a meeting of a specialized committee under the South Korea-European Union(EU) fr...
KOSPI Ends Monday Down 0.45%
Kevin
Jun 12, 2023
16
605
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell eleven-point-81 points, or zero-point-45 percent, on Monda...
Nat’l Assembly Speaker Discusses Cooperation in Czech Republic
Kevin
Jun 9, 2023
96
615
[Economy] : National Assembly Speaker Kim Jin-pyo discussed investments and cooperation in high-tech industries with the heads of ...
Finance Minister Hints at Downward Revision of 2023 Outlook
Kevin
Jun 9, 2023
52
325
[Economy] : Finance minister Choo Kyung-ho said there is a high chance the government will revise down its growth outlook for this...
KOSPI Ends Thursday Down 0.18%
Kevin
Jun 9, 2023
77
395
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell four-point-75 points, or zero-point-18 percent, on Thursda...
Current Account Swings Back to Deficit in April
Kevin
Jun 9, 2023
64
900
[Economy] : The country's current account balance swung back into the red in April due in part to a deficit in the travel-related ...
BOK: S. Korean Won Posted Largest Fall of Major Currencies in February
Kevin
Jun 9, 2023
14
499
[Economy] : The value of the South Korean won fell the most among 34 major currencies in February largely on the back of the count...
S. Korea Left off MSCI Candidate List for Developed Markets
Kevin
Jun 9, 2023
65
183
[Economy] : South Korea has come short of making Morgan Stanley Capital International's(MSCI) candidate list of “developed markets...
KOSPI Ends Friday Up 1.16%
Kevin
Jun 9, 2023
20
482
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) jumped 30-point-31 points, or one-point-16 percent, on Friday, ...
Industrial Output & Consumption Fall, Investment Rises in April
Kevin
Jun 7, 2023
67
485
[Economy] : Industrial output and consumption decreased in April, while investment slightly increased. Statistics Korea said on...
KOSPI Ends Tuesday Up 1.04%
Kevin
Jun 7, 2023
43
994
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) jumped 26-point-71 points, or one-point-04 percent, on Tuesday,...
Family of Late Nexon Founder Pays Inheritance Tax with 30% of Shares
Kevin
Jun 7, 2023
86
709
[Economy] : The family of game developer Nexon's late founder Kim Jung-ju has paid inheritance taxes in the form of stocks from th...
KOSPI Ends Wednesday Down 0.32%
Kevin
Jun 7, 2023
21
469
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell eight-point-four points, or zero-point-32 percent, on Wedn...
Hybe Employees Referred to Prosecution for Insider Trading
Kevin
Jun 7, 2023
37
878
[Economy] : Employees at Hybe, the management agency of BTS, have been referred to the prosecution on charges of insder trading. ...
Exports Fall for 8th Straight Month in May as Chip Shipments Plunge 36%
Kevin
Jun 7, 2023
44
294
[Economy] : Exports declined for the eighth consecutive month in May amid persistently sluggish demand in the semiconductor indust...
S. Korea to Develop Local Version of ‘Boston Cluster’ Biotech Hub
Kevin
Jun 7, 2023
44
466
[Economy] : The government plans to partner with leading biotechnology companies, institutes and universities around the world to ...
KOSPI Ends Thursday Down 0.31%
Kevin
Jun 7, 2023
87
514
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell seven-point-95 points, or zero-point-31 percent, on Thursd...
Economy Grows 0.3% in Q1
Kevin
Jun 7, 2023
26
525
[Economy] : The South Korean economy grew zero-point-three percent in the first quarter, fueled by the release of pent-up consumer...
Consumer Price Growth in May Slows to 19-Month Low at 3.3%
Kevin
Jun 7, 2023
49
434
[Economy] : Consumer prices in May grew at the slowest pace in 19 months as the rate contraction continued into the fourth consecu...
KOSPI Ends Friday Up 1.25%
Kevin
Jun 7, 2023
10
493
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) jumped 32-point-19 points, or one-point-25 percent, on Friday, ...
