KOSPI Ends Wednesday Down 0.17%
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) lost four-point-19 points, or zero-point-17 percent, on Wednesday, to close the day at t...
KDI: Rate Hikes Adversely Affect Young People’s Economic Activity
[Economy] : A local think tank says the adverse effect of interest rate hikes on young people has led to reduced spending compared to other age groups. Ac...
Biden: US CHIPS Act Benefits Both US and S. Korea
[Economy] : President Joe Biden said that the U.S. Inflation Reduction Act and CHIPS and Science Act creates jobs in both the U.S. and South Korea and that...
Samsung Electronics Reports 95% Plunge in Q1 Profit
[Economy] : Samsung Electronics reported that its operating profit nosedived more than 95 percent in the first quarter, logging a deficit of over four-poin...
Business Sentiment Remains Flat in April
[Economy] : Business sentiment remained flat in April amid lingering economic uncertainties. According to the Bank of Korea on Thursday, the business surv...
FTC Approves Hanwha's Acquisition of DSME under Set of Conditions
[Economy] : The state antitrust regulator has conditionally approved Hanwha Group's plan to acquire Daewoo Shipbuilding and Marine Engineering(DSME). The ...
KOSPI Ends Thursday Up 0.44%
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) jumped ten-point-98 points, or zero-point-44 percent, on Thursday, to close the day at t...
BOK to Introduce Real Time Transaction System to Mitigate Risk
[Economy] : The Bank of Korea(BOK) announced plans to introduce a system that allows for the instantaneous transfer of money or securities in a bid to boos...
KOSPI Ends Friday Up 0.23%
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose five-point-72 points, or zero-point-23 percent, on Friday, to close the week at two...
Industrial Output & Consumption Rise, Investment Falls in March
[Economy] : Industrial output and consumption increased in March, but investment saw a decline. Statistics Korea said on Friday that the index of the na...
Public Firms' Debt Climbs 15% in 2022
[Economy] : The combined debt at public institutions jumped 15 percent last year while new hires fell for the third year. According to public agencies' ...
S. Korea's Exports to China Plunge 28% in Q1, Biggest Fall among China's Trading Partners
[Economy] : The country's exports to China suffered the biggest drop in the first quarter among China's major trading partners. According to data by the...
Korean Won Suffers Third Largest Loss against Dollar in April among 26 Currencies
[Economy] : The Korean won has suffered the third largest loss against the U.S. dollar among 26 major currencies in April. On the local foreign exchange...
Exports Fall for 7th Straight Month in April amid Sluggish Chip Demand
[Economy] : Anchor: The depressed semiconductor industry is taking its toll on South Korea’s exports, which posted an on-year decline for the seventh strai...
Asia Development Bank's 56th Annual Meeting Kicks off in Songdo
[Economy] : The Asian Development Bank(ADB) kicked off its 56th annual meeting in Songdo, Incheon on Tuesday for a four-day run. The finance ministry sa...
Inflation Slows to 3.7% in April for 14-Month Low
[Economy] : Consumer prices grew at the slowest pace in 14 months in April. According to Statistics Korea on Tuesday, the country's consumer price index s...
Victims of Alleged Stock Manipulation Files Complaint with Prosecution
[Economy] : Victims of a suspected large-scale stock manipulation has filed a complaint with prosecutors against individuals suspected of participating in ...
Negotiation to Set 2024 Minimum Wage to Begin Tuesday
[Economy] : A plenary session of the Minimum Wage Commission is set to convene Tuesday afternoon to set the rate for next year. The session, previously sc...
Gov't Extends Immigrant Investor Scheme for Real Estate by 3 Years
[Economy] : The government has decided on a three-year extension for a government program offering an F-2 residence visa to foreigners who have invested a ...
S. Korea-Japan Finance Ministers' Meeting Held for First Time in 7 Yrs.
[Economy] : The finance ministers of South Korea and Japan held talks for the first time in seven years on Tuesday. Finance Minister Choo Kyung-ho met w...
KOSPI Ends Wednesday Down 0.17%
[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
[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
[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
[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
[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
[Economy] : The state antitrust regulator has conditionally approved Hanwha Group's plan to acquire Daewoo Shipbuilding and Marine...
KOSPI Ends Thursday Up 0.44%
[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
[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%
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose five-point-72 points, or zero-point-23 percent, on Friday,...
Industrial Output & Consumption Rise, Investment Falls in March
[Economy] : Industrial output and consumption increased in March, but investment saw a decline. Statistics Korea said on Friday...
Public Firms' Debt Climbs 15% in 2022
[Economy] : The combined debt at public institutions jumped 15 percent last year while new hires fell for the third year. Accor...
S. Korea's Exports to China Plunge 28% in Q1, Biggest Fall among China's Trading Partners
[Economy] : The country's exports to China suffered the biggest drop in the first quarter among China's major trading partners. ...
Korean Won Suffers Third Largest Loss against Dollar in April among 26 Currencies
[Economy] : The Korean won has suffered the third largest loss against the U.S. dollar among 26 major currencies in April. On t...
Exports Fall for 7th Straight Month in April amid Sluggish Chip Demand
[Economy] : Anchor: The depressed semiconductor industry is taking its toll on South Korea’s exports, which posted an on-year decl...
Asia Development Bank's 56th Annual Meeting Kicks off in Songdo
[Economy] : The Asian Development Bank(ADB) kicked off its 56th annual meeting in Songdo, Incheon on Tuesday for a four-day run. ...
Inflation Slows to 3.7% in April for 14-Month Low
[Economy] : Consumer prices grew at the slowest pace in 14 months in April. According to Statistics Korea on Tuesday, the country...
Victims of Alleged Stock Manipulation Files Complaint with Prosecution
[Economy] : Victims of a suspected large-scale stock manipulation has filed a complaint with prosecutors against individuals suspe...
Negotiation to Set 2024 Minimum Wage to Begin Tuesday
[Economy] : A plenary session of the Minimum Wage Commission is set to convene Tuesday afternoon to set the rate for next year. T...
Gov't Extends Immigrant Investor Scheme for Real Estate by 3 Years
[Economy] : The government has decided on a three-year extension for a government program offering an F-2 residence visa to foreig...
S. Korea-Japan Finance Ministers' Meeting Held for First Time in 7 Yrs.
[Economy] : The finance ministers of South Korea and Japan held talks for the first time in seven years on Tuesday. Finance Min...