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S. Korean Shipbuilders Rank 2nd in New Orders after China in Aug.

S. Korean Shipbuilders Rank 2nd in New Orders after China in Aug.

    [Economy] : South Korea's shipbuilders ranked second in new orders last month, again losing the top spot to China.  According to Clarksons Research Serv...

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KOSPI Ends Wednesday Down 0.73%

KOSPI Ends Wednesday Down 0.73%

    [Economy] : The benchmark Korean Composite Stock Price Index(KOSPI) shed 18-point-84 points, or zero-point-73 percent, on Wednesday to close the day at two...

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Transport Ministry Slaps 18.7 Bln Won Penalty on 19 Car Makers, Importers

Transport Ministry Slaps 18.7 Bln Won Penalty on 19 Car Makers, Importers

    [Economy] : The transport ministry announced on Thursday that it slapped a penalty of 18-point-seven billion won, or approximately 14 million US dollars, o...

더 읽기

KOSPI Ends Thursday Down 0.59%

KOSPI Ends Thursday Down 0.59%

    [Economy] : The benchmark Korea Composite Stock Price Index (KOSPI) fell 15-point-zero-eight points, or zero-point-59 percent, on Thursday, to close at two...

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S. Korea Posts Current Account Surplus for Third Month in July

S. Korea Posts Current Account Surplus for Third Month in July

    [Economy] : South Korea logged a current account surplus for the third consecutive month in July, albeit with a decrease compared to the previous month.  ...

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KOSPI Ends Friday Down 0.02%

KOSPI Ends Friday Down 0.02%

    [Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) went down zero-point-58 points, or zero-point-02 percent, on Friday, to close the week a...

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Kakao Mobility to Build Generative AI Engine Customized for Mobility by 1st Half of 2024

Kakao Mobility to Build Generative AI Engine Customized for Mobility by 1st Half of 2024

    [Economy] : Kakao Mobility has disclosed its vision to create an advanced platform with generative artificial intelligence(AI) technology customized for mo...

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Gov't Says China's Export Curbs on Urea Would Have Limited Impact on Fertilizer Supply & Demand

Gov't Says China's Export Curbs on Urea Would Have Limited Impact on Fertilizer Supply & Demand

    [Economy] : The agriculture ministry says even if China restricts its urea exports, the move would have limited impact on the supply and demand of fertiliz...

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Global Food Prices Down 2.1% in August

Global Food Prices Down 2.1% in August

    [Economy] : Global food prices fell last month. According to Seoul's agriculture ministry, the global food price index released by the Food and Agricult...

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S. Korean Builders' Overseas Orders Surpass 20 Bln Dollars in January-August Period

S. Korean Builders' Overseas Orders Surpass 20 Bln Dollars in January-August Period

    [Economy] : South Korean construction companies' overseas orders in the first eight months of the year surpassed 20 billion dollars. According to the In...

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Six out of Ten S. Korean Companies Negative on New Hires

Six out of Ten S. Korean Companies Negative on New Hires

    [Economy] : A survey finds that six out of ten large companies in the country have no plans for recruitment or have not made plans for new hires. The Fede...

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Exports Fall 7.9% in First 10 Days of September

Exports Fall 7.9% in First 10 Days of September

    [Economy] : Exports fell nearly eight percent on-year in the first ten days of September. According to preliminary data from the Korea Customs Service on ...

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KOSPI Ends Monday Up 0.36%

KOSPI Ends Monday Up 0.36%

    [Economy] : The benchmark Korea Composite Stock Price Index (KOSPI) climbed nine-point-2 points, or zero-point-36 percent, on Monday, to close at two-thous...

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Seoul to Unveil Unlimited Bus, Subway Passes

Seoul to Unveil Unlimited Bus, Subway Passes

    [Economy] : Seoul City plans to launch a monthly unlimited public transportation pass that will be available on a trial basis starting January 2024. Acc...

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KOSPI Ends Tuesday Down 0.79%

KOSPI Ends Tuesday Down 0.79%

    [Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) shed 20-point-3 points, or zero-point-7-9 percent, on Tuesday to close the day at two-th...

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268,000 Jobs Added in August

268,000 Jobs Added in August

    [Economy] : South Korea added more than 260-thousand jobs in August compared to the previous year.  According to Statistics Korea on Wednesday, the number...

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Imports Prices Rise 4.4% in August, Largest Gain in 17 Months

Imports Prices Rise 4.4% in August, Largest Gain in 17 Months

    [Economy] : The country’s import prices rose at the steepest pace in 17 months in August due to a spike in global oil prices. According to data released b...

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KOSPI Ends Wednesday Down 0.07%

KOSPI Ends Wednesday Down 0.07%

    [Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) shed one-point-88 points, or zero-point-07 percent, on Wednesday to close the day at two...

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US Tentatively Approves Sale of F-35A Jets to S. Korea

US Tentatively Approves Sale of F-35A Jets to S. Korea

    [Economy] : The U.S. State Department has tentatively approved the sale of F-35A stealth fighter jets and related equipment to South Korea. The Defense Se...

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KOSPI Ends Thursday Up 1.51% The benchmark Korea Composite

KOSPI Ends Thursday Up 1.51% The benchmark Korea Composite

    [Economy] : The benchmark Korea Composite Stock Price Index (KOSPI) rose 38-point-19 points, or one-point-five-one percent, on Thursday to close the day at...

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Fiscal Deficit Hits 67.9 Trillion Won as of July

Fiscal Deficit Hits 67.9 Trillion Won as of July

    [Economy] : South Korea’s fiscal deficit reached 67-point-9 trillion won, or 51-point-2 billion U.S. dollars in the first seven months of 2023, exceeding t...

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DP Chief to Appear for 2nd Round of Questioning on Tues. in N. Korea Remittance Probe

DP Chief to Appear for 2nd Round of Questioning on Tues. in N. Korea Remittance Probe

    [Politics] : Main opposition Democratic Party(DP) leader Lee Jae-myung will appear before prosecutors for another round of questioning on Tuesday over his ...

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Gov't Official: Kim Jong-un's Special Train Headed to Russia

Gov't Official: Kim Jong-un's Special Train Headed to Russia

    [Politics] : North Korean leader Kim Jong-un's special train appears to have departed for Russia.  A South Korean intelligence agency is said to have foun...

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Report: Kim Jong-un Arrives at Khasan Station in Russia

Report: Kim Jong-un Arrives at Khasan Station in Russia

    [Politics] : North Korean leader Kim Jong-un has reportedly arrived at the border station of Khasan in the Primorsky Krai region of Russia on Tuesday.  Ja...

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DP Chief to Appear Again before Prosecutors for Questioning

DP Chief to Appear Again before Prosecutors for Questioning

    [Politics] : Main opposition Democratic Party(DP) leader Lee Jae-myung is scheduled to appear before prosecutors for another round of questioning on Tuesda...

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Minister: S. Korea Reviewing Response Measures to Potential N. Korea-Russia Arms Deal

Minister: S. Korea Reviewing Response Measures to Potential N. Korea-Russia Arms Deal

    [Politics] : Foreign minister Park Jin said Seoul is reviewing measures in response to the upcoming summit between the leaders of North Korea and Russia, w...

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[Exclusive] Defense Minister Resigns over Alleged Marine Death Probe Intervention

[Exclusive] Defense Minister Resigns over Alleged Marine Death Probe Intervention

    [Politics] : Defense minister Lee Jong-sup has tendered his resignation amid the main opposition party's push to impeach him over alleged unlawful interven...

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Military Keeping Tabs for N. Korea-Russia Talks over Arms Trade, Military Technology Transfer

Military Keeping Tabs for N. Korea-Russia Talks over Arms Trade, Military Technology Transfer

    [Politics] : South Korea's military says it is keeping tabs for negotiations between North Korea and Russia over arms trade or transfer of military technol...

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DP Leader Appears For Questioning by Prosecution

DP Leader Appears For Questioning by Prosecution

    [Politics] : Democratic Party leader Lee Jae-myung appeared for questioning at the prosecution on Tuesday afternoon, over his alleged involvement in Ssangb...

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National Security Adviser to Facilitate Xi’s Visit to Korea

National Security Adviser to Facilitate Xi’s Visit to Korea

    [Politics] : South Korea’s National Security Adviser Cho Tae-yong announced Tuesday that he will facilitate Chinese President Xi Jinping’s visit to Korea. ...

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S. Korea, Uzbekistan Agree on Laying Foundation for Supply Chain Cooperation

S. Korea, Uzbekistan Agree on Laying Foundation for Supply Chain Cooperation

    [Politics] : South Korea and Uzbekistan held their first Foreign Ministers' Strategic Dialogue in Seoul on Tuesday and discussed ways to develop bilateral ...

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Presidential Office Hopes Russia Will Act Responsibly as Permanent Member of UNSC

Presidential Office Hopes Russia Will Act Responsibly as Permanent Member of UNSC

    [Politics] : In response to the upcoming North Korea-Russia summit, South Korea's presidential office on Tuesday said that it hopes Moscow will act “respon...

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ACRC to Probe Lawmakers' Virtual Assets for 3 Months

ACRC to Probe Lawmakers' Virtual Assets for 3 Months

    [Politics] : The Anti-Corruption and Civil Rights Commission(ACRC) will launch a probe on virtual assets held by lawmakers.  ACRC Vice Chair Jeong Seung...

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Yoon Approves Motion to Dismiss KBS President

Yoon Approves Motion to Dismiss KBS President

    [Politics] : President Yoon Suk Yeol approved a motion to dismiss Kim Eui-cheol, the President and CEO of the Korea Broadcasting System(KBS).    The top of...

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US Deputy Secretary of Commerce to Visit S. Korea Next Week

US Deputy Secretary of Commerce to Visit S. Korea Next Week

    [Politics] : U.S. Deputy Secretary of Commerce Don Graves will visit South Korea next week to discuss potential response measures in light of the anticipat...

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Yoon to Replace Ministers of Defense, Culture, Gender Equality

Yoon to Replace Ministers of Defense, Culture, Gender Equality

    [Politics] : President Yoon Suk Yeol is expected to carry out a second Cabinet reshuffle since assuming office last May, with plans to replace the minister...

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Nominee Pledges to Streamline 'Killer Regulations' to Revitalize Investments

Nominee Pledges to Streamline 'Killer Regulations' to Revitalize Investments

    [Politics] : Bang Moon-kyu, the nominee for the Minister of Trade, Industry and Energy, has pledged to streamline the so-called "killer regulations" relate...

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Minister Urges Unionized Rail Workers to Call Off General Strike

Minister Urges Unionized Rail Workers to Call Off General Strike

    [Politics] : Labor minister Lee Jung-sik called on unionized rail workers to call off their planned general strike starting Thursday, urging them to pay at...

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Kim, Putin Meet For First Time in 4 1/2 Years for Summit Talks

Kim, Putin Meet For First Time in 4 1/2 Years for Summit Talks

    [Politics] : North Korean leader Kim Jong-un met with Russian President Vladimir Putin for the first time in four and a half years for summit talks at the ...

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Yoon Pledges Support for Ultra-Large AI Sector, Raises Concern over AI Dissemination of Fake News

Yoon Pledges Support for Ultra-Large AI Sector, Raises Concern over AI Dissemination of Fake News

    [Politics] : President Yoon Suk Yeol pledged state support for businesses in the ultra-large artificial intelligence(AI) sector, while raising concern over...

더 읽기

S. Korean Shipbuilders Rank 2nd in New Orders after China in Aug.

[Economy] : South Korea's shipbuilders ranked second in new orders last month, again losing the top spot to China.  According t...

더 읽기

KOSPI Ends Wednesday Down 0.73%

[Economy] : The benchmark Korean Composite Stock Price Index(KOSPI) shed 18-point-84 points, or zero-point-73 percent, on Wednesda...

더 읽기

Transport Ministry Slaps 18.7 Bln Won Penalty on 19 Car Makers, Importers

[Economy] : The transport ministry announced on Thursday that it slapped a penalty of 18-point-seven billion won, or approximately...

더 읽기

KOSPI Ends Thursday Down 0.59%

[Economy] : The benchmark Korea Composite Stock Price Index (KOSPI) fell 15-point-zero-eight points, or zero-point-59 percent, on ...

더 읽기

S. Korea Posts Current Account Surplus for Third Month in July

[Economy] : South Korea logged a current account surplus for the third consecutive month in July, albeit with a decrease compared ...

더 읽기

KOSPI Ends Friday Down 0.02%

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) went down zero-point-58 points, or zero-point-02 percent, on Fr...

더 읽기

Kakao Mobility to Build Generative AI Engine Customized for Mobility by 1st Half of 2024

[Economy] : Kakao Mobility has disclosed its vision to create an advanced platform with generative artificial intelligence(AI) tec...

더 읽기

Gov't Says China's Export Curbs on Urea Would Have Limited Impact on Fertilizer Supply & Demand

[Economy] : The agriculture ministry says even if China restricts its urea exports, the move would have limited impact on the supp...

더 읽기

Global Food Prices Down 2.1% in August

[Economy] : Global food prices fell last month. According to Seoul's agriculture ministry, the global food price index released...

더 읽기

S. Korean Builders' Overseas Orders Surpass 20 Bln Dollars in January-August Period

[Economy] : South Korean construction companies' overseas orders in the first eight months of the year surpassed 20 billion dollar...

더 읽기

Six out of Ten S. Korean Companies Negative on New Hires

[Economy] : A survey finds that six out of ten large companies in the country have no plans for recruitment or have not made plans...

더 읽기

Exports Fall 7.9% in First 10 Days of September

[Economy] : Exports fell nearly eight percent on-year in the first ten days of September. According to preliminary data from the ...

더 읽기

KOSPI Ends Monday Up 0.36%

[Economy] : The benchmark Korea Composite Stock Price Index (KOSPI) climbed nine-point-2 points, or zero-point-36 percent, on Mond...

더 읽기

Seoul to Unveil Unlimited Bus, Subway Passes

[Economy] : Seoul City plans to launch a monthly unlimited public transportation pass that will be available on a trial basis star...

더 읽기

KOSPI Ends Tuesday Down 0.79%

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) shed 20-point-3 points, or zero-point-7-9 percent, on Tuesday t...

더 읽기

268,000 Jobs Added in August

[Economy] : South Korea added more than 260-thousand jobs in August compared to the previous year.  According to Statistics Korea...

더 읽기

Imports Prices Rise 4.4% in August, Largest Gain in 17 Months

[Economy] : The country’s import prices rose at the steepest pace in 17 months in August due to a spike in global oil prices. Acc...

더 읽기

KOSPI Ends Wednesday Down 0.07%

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) shed one-point-88 points, or zero-point-07 percent, on Wednesda...

더 읽기

US Tentatively Approves Sale of F-35A Jets to S. Korea

[Economy] : The U.S. State Department has tentatively approved the sale of F-35A stealth fighter jets and related equipment to Sou...

더 읽기

KOSPI Ends Thursday Up 1.51% The benchmark Korea Composite

[Economy] : The benchmark Korea Composite Stock Price Index (KOSPI) rose 38-point-19 points, or one-point-five-one percent, on Thu...

더 읽기

Fiscal Deficit Hits 67.9 Trillion Won as of July

[Economy] : South Korea’s fiscal deficit reached 67-point-9 trillion won, or 51-point-2 billion U.S. dollars in the first seven mo...

더 읽기

DP Chief to Appear for 2nd Round of Questioning on Tues. in N. Korea Remittance Probe

[Politics] : Main opposition Democratic Party(DP) leader Lee Jae-myung will appear before prosecutors for another round of questio...

더 읽기

Gov't Official: Kim Jong-un's Special Train Headed to Russia

[Politics] : North Korean leader Kim Jong-un's special train appears to have departed for Russia.  A South Korean intelligence ag...

더 읽기

Report: Kim Jong-un Arrives at Khasan Station in Russia

[Politics] : North Korean leader Kim Jong-un has reportedly arrived at the border station of Khasan in the Primorsky Krai region o...

더 읽기

DP Chief to Appear Again before Prosecutors for Questioning

[Politics] : Main opposition Democratic Party(DP) leader Lee Jae-myung is scheduled to appear before prosecutors for another round...

더 읽기

Minister: S. Korea Reviewing Response Measures to Potential N. Korea-Russia Arms Deal

[Politics] : Foreign minister Park Jin said Seoul is reviewing measures in response to the upcoming summit between the leaders of ...

더 읽기

[Exclusive] Defense Minister Resigns over Alleged Marine Death Probe Intervention

[Politics] : Defense minister Lee Jong-sup has tendered his resignation amid the main opposition party's push to impeach him over ...

더 읽기

Military Keeping Tabs for N. Korea-Russia Talks over Arms Trade, Military Technology Transfer

[Politics] : South Korea's military says it is keeping tabs for negotiations between North Korea and Russia over arms trade or tra...

더 읽기

DP Leader Appears For Questioning by Prosecution

[Politics] : Democratic Party leader Lee Jae-myung appeared for questioning at the prosecution on Tuesday afternoon, over his alle...

더 읽기

National Security Adviser to Facilitate Xi’s Visit to Korea

[Politics] : South Korea’s National Security Adviser Cho Tae-yong announced Tuesday that he will facilitate Chinese President Xi J...

더 읽기

S. Korea, Uzbekistan Agree on Laying Foundation for Supply Chain Cooperation

[Politics] : South Korea and Uzbekistan held their first Foreign Ministers' Strategic Dialogue in Seoul on Tuesday and discussed w...

더 읽기

Presidential Office Hopes Russia Will Act Responsibly as Permanent Member of UNSC

[Politics] : In response to the upcoming North Korea-Russia summit, South Korea's presidential office on Tuesday said that it hope...

더 읽기

ACRC to Probe Lawmakers' Virtual Assets for 3 Months

[Politics] : The Anti-Corruption and Civil Rights Commission(ACRC) will launch a probe on virtual assets held by lawmakers.  AC...

더 읽기

Yoon Approves Motion to Dismiss KBS President

[Politics] : President Yoon Suk Yeol approved a motion to dismiss Kim Eui-cheol, the President and CEO of the Korea Broadcasting S...

더 읽기

US Deputy Secretary of Commerce to Visit S. Korea Next Week

[Politics] : U.S. Deputy Secretary of Commerce Don Graves will visit South Korea next week to discuss potential response measures ...

더 읽기

Yoon to Replace Ministers of Defense, Culture, Gender Equality

[Politics] : President Yoon Suk Yeol is expected to carry out a second Cabinet reshuffle since assuming office last May, with plan...

더 읽기

Nominee Pledges to Streamline 'Killer Regulations' to Revitalize Investments

[Politics] : Bang Moon-kyu, the nominee for the Minister of Trade, Industry and Energy, has pledged to streamline the so-called "k...

더 읽기

Minister Urges Unionized Rail Workers to Call Off General Strike

[Politics] : Labor minister Lee Jung-sik called on unionized rail workers to call off their planned general strike starting Thursd...

더 읽기

Kim, Putin Meet For First Time in 4 1/2 Years for Summit Talks

[Politics] : North Korean leader Kim Jong-un met with Russian President Vladimir Putin for the first time in four and a half years...

더 읽기

Yoon Pledges Support for Ultra-Large AI Sector, Raises Concern over AI Dissemination of Fake News

[Politics] : President Yoon Suk Yeol pledged state support for businesses in the ultra-large artificial intelligence(AI) sector, w...

더 읽기

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