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KOSPI Ends Wednesday Down 0.17%

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...

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KDI: Rate Hikes Adversely Affect Young People’s Economic Activity

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...

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Biden: US CHIPS Act Benefits Both US and S. Korea

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...

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Samsung Electronics Reports 95% Plunge in Q1 Profit

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...

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Business Sentiment Remains Flat in April

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...

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FTC Approves Hanwha's Acquisition of DSME under Set of Conditions

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 ...

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KOSPI Ends Thursday Up 0.44%

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...

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BOK to Introduce Real Time Transaction System to Mitigate Risk

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...

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KOSPI Ends Friday Up 0.23%

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...

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Industrial Output & Consumption Rise, Investment Falls in March

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...

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Public Firms' Debt Climbs 15% in 2022

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' ...

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S. Korea's Exports to China Plunge 28% in Q1, Biggest Fall among China's Trading Partners

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...

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Korean Won Suffers Third Largest Loss against Dollar in April among 26 Currencies

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...

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Exports Fall for 7th Straight Month in April amid Sluggish Chip Demand

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...

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Asia Development Bank's 56th Annual Meeting Kicks off in Songdo

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...

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Inflation Slows to 3.7% in April for 14-Month Low

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...

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Victims of Alleged Stock Manipulation Files Complaint with Prosecution

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 ...

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Negotiation to Set 2024 Minimum Wage to Begin Tuesday

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...

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Gov't Extends Immigrant Investor Scheme for Real Estate by 3 Years

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 ...

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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...

더 읽기

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...

더 읽기

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...

더 읽기

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....

더 읽기

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 ...

더 읽기

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...

더 읽기

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...

더 읽기

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...

더 읽기

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...

더 읽기

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,...

더 읽기

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...

더 읽기

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...

더 읽기

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. ...

더 읽기

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...

더 읽기

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...

더 읽기

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. ...

더 읽기

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...

더 읽기

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...

더 읽기

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...

더 읽기

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...

더 읽기

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...

더 읽기

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