Gas, Diesel Prices Further Down This Week
Kevin
Jun 7, 2023
65
438
[Economy] : Both gasoline and diesel prices fell this week with the price of gas in particular sliding to the 15-hundred won range...
S. Korean Senior Citizens' Poverty Rate Highest among OECD Members
Kevin
Jun 7, 2023
22
246
[Economy] : A report shows that South Korean senior citizens' poverty rate was the highest among members of the Organization for E...
Instant Noodle Prices Jump by Most in 14 Years as Food Prices Stay High
Kevin
Jun 7, 2023
13
659
[Economy] : Food prices continue to soar, with the price of instant noodles rising the most since the global financial crisis in 2...
FX Reserves Drop in May on Stronger Dollar
Kevin
Jun 7, 2023
14
315
[Economy] : South Korea's foreign reserves declined for the first time in three months amid the recent appreciation of the U.S. do...
KOSPI Ends Monday Up 0.54%
Kevin
Jun 7, 2023
63
739
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose 14-point-05 points, or zero-point-54 percent, on Monday, t...
Major Umbrella Union Weighing Boycott of Dialogue with Gov’t over Injured Union Exec.
Kevin
Jun 7, 2023
29
248
[Economy] : One of the nation's major umbrella unions will consider boycotting or withdrawing from a tripartite dialogue with mana...
Finance Ministry Announces 64 Tln Won Plan to Boost Service Exports
Kevin
Jun 7, 2023
51
795
[Economy] : South Korea plans to allocate 64 trillion won, or nearly 50 billion U.S. dollars, over the next five years to boost se...
Asiana's Unionized Pilots Launch Work-to-Rule amid Raise Standoff
Kevin
Jun 7, 2023
47
516
[Economy] : Unionized pilots at Asiana Airlines launched an indefinite work-to-rule protest on Wednesday amid differences with the...
Taxes on Domestic Cars to Change in Pursuit of Equity with Imports
Kevin
Jun 7, 2023
23
209
[Economy] : Taxes on the sales of passenger cars in South Korea will be calculated differently from next month in a bid to bridge ...
Number of Self-Employed Rose 1.8 Mln over 5 Yrs. as Income Declined
Kevin
Jun 7, 2023
33
843
[Economy] : The number of self-employed people in the nation grew by more than one-point-eight million in the past five years whil...
KOSPI Ends Wednesday Up 0.01%
Kevin
Jun 7, 2023
65
463
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) remained largely flat, rising zero-point-19 points, or zero-poi...
OECD Marks down S. Korea's 2023 Growth Outlook to 1.5%
Kevin
Jun 7, 2023
95
384
[Economy] : The Organization for Economic Cooperation and Development(OECD) has marked down its 2023 economic growth outlook for S...
Business Leaders of S. Korea, Japan Agree to Digital, Green Cooperation
Kevin
May 28, 2023
65
882
[Economy] : Business leaders from South Korea and Japan agreed to strengthen their partnership with active cooperation in digital ...
BOK Warns of Unfair Transactions in Domestic Virtual Assets Market
Kevin
May 28, 2023
89
1038
[Economy] : The Bank of Korea(BOK) warned that unfair transactions in the domestic virtual assets market are possible as exchanges...
KERI: Low Birth Rate, Aging Society to Shrink Economy 28% by 2050
Kevin
May 28, 2023
17
958
[Economy] : A local think tank forecast the domestic economy to shrink over 28 percent by 2050 as low birth rate and aging society...
KOSPI Ends Thursday Up 0.83%
Kevin
May 28, 2023
75
768
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) jumped 20-point-74 points, or zero-point-83 percent, on Thursda...
Hyundai, Kia Agree to $200 Mln Class Action Settlement
Kevin
May 28, 2023
36
227
[Economy] : Hyundai Motor and sister company Kia Motors have agreed to settle a class action lawsuit for 200 million dollars over ...
KOSPI Ends Friday Up 0.89%
Kevin
May 28, 2023
70
225
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) jumped 22-point-39 points, or zero-point-89 percent, on Friday,...
S. Korea, China to Hold Economic Ministers' Meeting Within Year
Kevin
May 28, 2023
30
809
[Economy] : South Korea and China are expected to hold an economic ministers' meeting in Seoul later this year. Finance ministe...
Moody's Maintains S. Korea's Aa2 Rating with Stable Outlook
Kevin
May 28, 2023
32
388
[Economy] : Global credit rating agency Moody's Investors Service has maintained South Korea's Aa2 rating with a "stable" outlook....
Electricity, Gas Fees Jump over 30% in Q1 from Year Earlier
Kevin
May 28, 2023
71
528
[Economy] : New statistical data shows that electricity and gas fees jumped over 30 percent in the first quarter of this year from...
Loan Default Rates at Top 5 Banks Reportedly Highest in 3-5 Years
Kevin
May 28, 2023
14
633
[Economy] : The loan default rates at some major local commercial banks have reportedly risen to their highest level in years amid...
Exports Drop 16% in First 20 Days of May
Kevin
May 28, 2023
79
240
[Economy] : The downward trend in exports continued with outbound shipments in the first 20 days of May falling by over 16 percent...
Finance Minister: S. Korea Has No Intent to ‘Decouple' from China
Kevin
May 28, 2023
15
913
[Economy] : Finance minister Choo Kyung-ho has reaffirmed that the South Korean government has no intention of “decoupling” from C...
KOSPI Ends Monday Up 0.76%
Kevin
May 28, 2023
57
697
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose 19-point-29 points, or zero-point-76 percent, on Monday, t...
Industry Ministry: China's Ban on Micron Won't Affect S. Korean Firms
Kevin
May 28, 2023
93
711
[Economy] : First Vice Industry Minister Jang Young-jin has forecast that China's recent ban on U.S. memory chip giant Micron Tech...
Bill Aimed at Helping ‘Jeonse’ Fraud Victims Passes Subcommittee
Kevin
May 28, 2023
44
761
[Economy] : A special bill aimed at assisting victims of "jeonse" lump-sum deposit rental fraud passed a subcommittee under the pa...
BOK Chief: Inflation Likely to Remain in 3% Range until End of Year
Kevin
May 28, 2023
77
1033
[Economy] : Bank of Korea(BOK) Governor Rhee Chang-yong said on Monday that inflation is likely to remain in the three-percent ran...
Inflation Expectations Fall to 1-Year Low at 3.5% in May
Kevin
May 28, 2023
17
476
[Economy] : Inflation expectations fell for the third consecutive month in May. According to the Bank of Korea(BOK) on Tuesday, e...
Gov't, Private Sector to Invest 14 Tln Won in Auto Parts
Kevin
May 28, 2023
88
261
[Economy] : The government and private sector will invest over 14-point-three trillion won, or nearly eleven billion U.S. dollars,...
KOSPI Ends Tuesday Up 0.41%
Kevin
May 28, 2023
34
428
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose ten-point-47 points, or zero-point-41 percent, on Tuesday,...
Business Sentiment Sees Slight Improvement in May
Kevin
May 28, 2023
40
729
[Economy] : Business sentiment improved slightly in May on hopes of a recovery in corporate earnings in the semiconductor industry...
Naver Largely Blocked in China in Possible Response to G7 Statement
Kevin
May 28, 2023
84
663
[Economy] : Anchor: Access to South Korea's leading web portal, Naver, has largely been blocked in various parts of China includin...
KOSPI Ends Wednesday Flat
Kevin
May 28, 2023
86
735
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) edged down zero-point-10 points, or zero-point-00 percent, on W...
Producer Prices Post First Drop in 4 Months in April
Kevin
May 28, 2023
73
241
[Economy] : Producer prices dropped for the first time in four months in April as prices of agricultural products and utilities fe...
BOK Freezes Key Rate at 3.5%
Kevin
May 28, 2023
73
693
[Economy] : The South Korean central bank has kept its benchmark interest rate at three-point-five percent for the third consecuti...
BOK Maintains Benchmark Rate at 3.5% for Third Straight Time
Kevin
May 28, 2023
69
518
[Economy] : South Korea's central bank has held the benchmark interest rate steady at three-point-five percent for the third strai...
BOK Revises Down This Year's Growth Outlook to 1.4%
Kevin
May 28, 2023
88
550
[Economy] : The Bank of Korea(BOK) revised down its outlook for the economy this year from its February forecast of one-point-six ...
KOSPI Ends Thursday Down 0.50%
Kevin
May 28, 2023
36
682
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell 12-point-76 points, or zero-point-50 percent, on Thursday,...
BOK Holds Benchmark Rate Steady at 3.5% for Third Time
Kevin
May 28, 2023
95
639
[Economy] : Anchor: South Korea's central bank froze its benchmark interest rate at three-point-five percent, keeping the rate ste...
