Debt-Ridden KEPCO to Sell Properties, Freeze Wages in Self-Rescue Plan
Kevin
May 12, 2023
31
264
[Economy] : The debt-ridden Korea Electric Power Corporation(KEPCO) announced a plan to improve its finances and save over 25 tril...
Gov't: Domestic Economy in Downturn for 4th Straight Month
Kevin
May 12, 2023
14
690
[Economy] : The government assessed that the domestic economy is in the midst of a downturn for the fourth consecutive month. Acc...
KEPCO Reports Q1 Operating Loss of over 6 Tln Won
Kevin
May 12, 2023
67
851
[Economy] : Debt-ridden Korea Electric Power Corporation or KEPCO has reported an operating loss of over six trillion won for this...
KOSPI Ends Friday Down 0.63%
Kevin
May 12, 2023
83
604
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell 15-point-58 points, or zero-point-63 percent, on Friday, t...
Top Prosecutor Orders Action on Large-Scale Stock Manipulation
Kevin
May 11, 2023
74
169
[Economy] : Prosecutor General Lee One-seok ordered participants and beneficiaries in a suspected case of large-scale stock manipu...
Current Account Turns to Surplus in March For First Time in 3 Months
Kevin
May 11, 2023
16
283
[Economy] : The country managed to post a current account surplus for the first time in three months in March on the back of an in...
Job Growth Slows With 354,000 New Additions in April
Kevin
May 11, 2023
47
806
[Economy] : Job growth decelerated in April after a brief rebound in March. According to Statistics Korea on Wednesday, the numb...
Biz Groups of S. Korea, Japan to Form Committee for Partnership Fund Project
Kevin
May 11, 2023
55
952
[Economy] : Leading business groups of South Korea and Japan have agreed to launch a steering committee and an advisory committee ...
US Seeking Separate Chip Equipment Export Standard for S. Korean Firms in China
Kevin
May 11, 2023
61
233
[Economy] : The United States, which has effectively banned exports of U.S.-made semiconductor equipment to factories in China, is...
KOSPI Ends Wednesday Down 0.54%
Kevin
May 11, 2023
48
233
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) lost 13-point-55 points, or zero-point-54 percent, on Wednesday...
Exports Fall 10.1% in First 10 Days of May
Kevin
May 11, 2023
62
720
[Economy] : The downward trend in exports is continuing with outbound shipments in the first ten days of May declining by over ten...
Gov't Likely to Announce Electricity Rate Hike for Q2 Thursday
Kevin
May 11, 2023
32
420
[Economy] : The government is expected to announce electricity rate hikes on Thursday that will go into effect in the second quart...
KDI Revises Down S. Korea's 2023 Growth Outlook to 1.5%
Kevin
May 11, 2023
47
810
[Economy] : The Korea Development Institute(KDI) has lowered the nation’s economic growth outlook for this year from one-point-eig...
KOSPI Ends Thursday Down 0.22%
Kevin
May 11, 2023
96
339
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell five-point-51 points, or zero-point-22 percent, on Thursda...
S. Korea's Fiscal Deficit Reaches 54 Tln Won in 1Q
Kevin
May 11, 2023
75
546
[Economy] : South Korea's fiscal deficit has reached 54 trillion won in the first three months of this year, nearing the governmen...
Fed Hikes US Key Interest Rate to Highest in 16 Years
Kevin
May 8, 2023
47
664
[Economy] : The U.S. Federal Reserve has raised its key interest rate by another quarter of a percentage point in its continuing e...
FX Reserves Rise in April on Weaker Dollar
Kevin
May 8, 2023
47
188
[Economy] : South Korea's foreign reserves increased by over 600 million dollars in April on the back of the recent weakening of t...
FT: US Considers Extending Equipment Waiver for Samsung Electronics, SK Hyunix
Kevin
May 8, 2023
71
850
[Economy] : The U.S. is reportedly mulling over a one-year extension of a grace period granted to Samsung Electronics and SK Hynix...
Gov't, BOK to Closely Monitor Impact of US Fed's Rate Hike
Kevin
May 8, 2023
70
209
[Economy] : The government and the central bank said it will closely monitor any potential impact from the U.S. Federal Reserve's ...
KOSPI Ends Thursday Down 0.02%
Kevin
May 8, 2023
95
289
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell zero-point-46 points, or zero-point-02 percent, on Thursda...
KOSPI Ends Tuesday Up 0.91%
Kevin
May 3, 2023
50
327
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) gained 22-point-86 points, or zero-point-91 percent, on Tuesday...
Won-Dollar Exchange Rate Weakest of the Year on Monday
Kevin
May 2, 2023
90
720
[Economy] : The won-dollar exchange rate posted its weakest rate of the year after climbing to the mid-one-thousand-330 won level ...
KOSPI Ends Monday Down 0.82%
Kevin
May 2, 2023
50
603
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell 20-point-90 points, or zero-point-82 percent, on Monday, t...
Economy Grows 0.3% in Q1 on Private Consumption
Kevin
May 2, 2023
23
756
[Economy] : The Korean economy grew zero-point-three percent in the first quarter after a contraction the previous quarter fueled ...
BOK Chief: Currency Swap Unlikely to be Discussed in S. Korea-US Summit
Kevin
May 2, 2023
70
760
[Economy] : Bank of Korea(BOK) Governor Rhee Chang-yong said on Monday that the currency swap between South Korea and the U.S. is ...
KOSPI Ends Tuesday Down 1.37%
Kevin
May 2, 2023
43
570
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) lost 34-point-48 points, or one-point-37 percent, on Tuesday, t...
FTC Adds 8 More Conglomerates to Supervision List
Kevin
May 2, 2023
30
503
[Economy] : The nation's antitrust regulator has named secondary battery materials manufacturer EcoPro as one of eight business gr...
Terraform Labs Co-founder Shin, 9 Others Indicted
Kevin
May 2, 2023
17
580
[Economy] : Terraform Labs co-founder Shin Hyun-seung and nine other individuals have been referred to trial eleven months after t...
US Firms to Invest $5.9 Bln in S. Korea, with $1.5 Bln from Corning
Kevin
May 2, 2023
89
195
[Economy] : South Korea has secured five-point-nine billion dollars in U.S. investment during President Yoon Suk Yeol's U.S. trip,...
Inflation Expectations Fall to 11-Month Low at 3.7% in April
Kevin
May 2, 2023
37
572
[Economy] : Inflation expectations fell for the second consecutive month in April on the back of dropping oil prices. According t...
SK Hynix Posts 3.4 Tln Won-Loss in Q1, Worst Performance since 2012
Kevin
May 2, 2023
61
908
[Economy] : SK Hynix posted a three-point-four trillion-won loss in the first quarter of the year to log its worst performance sin...
KOSPI Ends Wednesday Down 0.17%
Kevin
May 2, 2023
63
613
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) lost four-point-19 points, or zero-point-17 percent, on Wednesd...
KDI: Rate Hikes Adversely Affect Young People’s Economic Activity
Kevin
May 2, 2023
76
662
[Economy] : A local think tank says the adverse effect of interest rate hikes on young people has led to reduced spending compared...
Biden: US CHIPS Act Benefits Both US and S. Korea
Kevin
May 2, 2023
20
280
[Economy] : President Joe Biden said that the U.S. Inflation Reduction Act and CHIPS and Science Act creates jobs in both the U.S....
Samsung Electronics Reports 95% Plunge in Q1 Profit
Kevin
May 2, 2023
80
537
[Economy] : Samsung Electronics reported that its operating profit nosedived more than 95 percent in the first quarter, logging a ...
Business Sentiment Remains Flat in April
Kevin
May 2, 2023
61
600
[Economy] : Business sentiment remained flat in April amid lingering economic uncertainties. According to the Bank of Korea on Th...
FTC Approves Hanwha's Acquisition of DSME under Set of Conditions
Kevin
May 2, 2023
47
265
[Economy] : The state antitrust regulator has conditionally approved Hanwha Group's plan to acquire Daewoo Shipbuilding and Marine...
KOSPI Ends Thursday Up 0.44%
Kevin
May 2, 2023
24
420
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) jumped ten-point-98 points, or zero-point-44 percent, on Thursd...
BOK to Introduce Real Time Transaction System to Mitigate Risk
Kevin
May 2, 2023
94
788
[Economy] : The Bank of Korea(BOK) announced plans to introduce a system that allows for the instantaneous transfer of money or se...
KOSPI Ends Friday Up 0.23%
Kevin
May 2, 2023
11
542
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose five-point-72 points, or zero-point-23 percent, on Friday,...
