TVXQ’s Yun-ho eager to show Korea in ‘The Night Watchman’

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Stocks up on stimulus

Korean stocks closed higher Tuesday to pass the 2,060 mark for the first time in three years on improved economic data from China, with Seoul’s latest stimulus package also lending support, analysts ...

Updated : 2014.07.29 21:04

[Graphic News] Korea’s Big Mac index rises 15.3%

The Big Mac index for South Korea rose to 4.0, up from 3.47 early this year, according to data released by The Economist on Tuesday. The index for South Korea was the 28th highest among 57 countries, ...

Updated : 2014.07.29 21:00

Local business sentiment drops to 6-month low

South Korea’s major companies are disappointed by the long-deferred economic recovery stemming from unfavorable exchange rates and sluggish consumer demand due to the ferry disaster, a poll showed Tuesday.The Business Survey Index came to a six-month low of 91.6 for August, down from 94 f...

Updated : 2014.07.29 20:48

S. Korea's current surplus slips in June

South Korea extended its current account surplus to a 28th consecutive month in June but saw the figure slip from the previous month as the surplus for goods narrowed, central bank data showed Tuesday.The current surplus reached US$7.92 billion last month, compared with a revised $9.08 bil...

Updated : 2014.07.29 10:25

[Graphic News] Younger people pay more, receive fewer benefits from public services

Members of South Korea’s younger generation are likely to receive less than what they paid into public benefits, a report showed Monday, highlighting the government’s demographic dilemma of having t...

Updated : 2014.07.28 21:22

Seoul shares hit yearly high

South Korean stocks closed at their highest this year on Monday on improved economic data from China, the country’s No. 1 trading partner, and growing anticipation on a string of stimulus measures unveiled by the government, analysts said. The South Korean won fell against the U.S. dollar...

Updated : 2014.07.28 20:52

Korea to adopt new online payment system

The South Korean government said Monday that it will introduce alternative online payment systems to offer foreign shoppers easier, simpler access to local shopping malls as part of its deregulation drive to boost the economy. The financial authorities have removed the authentification sys...

Updated : 2014.07.28 20:51

New cross-shareholding ban takes effect

South Korea’s antitrust watchdog on Friday launched a ban on any new cross-shareholding investment among the affiliates of conglomerates, a move aimed at improving governance of the nation’s leading family-controlled conglomerates.With the new ruling, the Fair Trade Commission is able to...

Updated : 2014.07.25 21:39

Growth slows to 0.6% on weak consumption

The South Korean economy expanded 0.6 percent in the second quarter from three months earlier, growing at the slowest pace in five quarters as sluggish consumption sapped growth, central bank data sho...

Updated : 2014.07.24 21:50

U.S. Chamber of Commerce chief urges FTA implementation

The head of the U.S. Chamber of Commerce on Thursday called for the faithful implementation of the free trade agreement between South Korea and the United States to improve the global competitiveness ...

Updated : 2014.07.24 21:10

EU delays decision on Korea’s IUU fishing status

The European Union’s legislative commission on Wednesday postponed its decision on whether to designate South Korea as a country conducting illegal deep-sea fishing on the heels of heightened efforts from the local government to hold off related sanctions. “After the European Commission ...

Updated : 2014.07.24 21:08

EU delays decision on designating Korea an illegal fishing country

 The European Union on Wednesday postponed its decision on whether to designate South Korea as a country conducting illegal fishing in the deep oceans on the heels of heightened efforts from the government here to hold off related sanctions.  “After the European Commission had warned th...

Updated : 2014.07.24 13:44

S. Korea revises down growth outlook to 3.7 pct for this year

South Korea's economy will grow 3.7 percent in 2014, the government predicted Thursday, revising down its previous estimate as it worried that anemic consumption and slowing exports growth could hurt its overall economic recovery.The latest estimate is lower than the 3.9 percent gain the g...

Updated : 2014.07.24 11:39

Seoul shares take breather after hitting yearly high

South Korean stocks took a breather Wednesday after hitting a yearly high the day before, closing flat from net selling by institutions and private investors, analysts said. The local currency rose against the U.S. dollar. Starting the day in negative territory, the benchmark Korea Composi...

Updated : 2014.07.23 19:50

Average dividend yield for top business groups significantly low

The dividend yield ratio of South Korea’s top 10 business groups averaged 0.8 percent last year, delivering even less than interest on bank deposits, industry data showed Wednesday.The 92 affiliates of the country’s top 10 conglomerates paid 7.29 trillion won ($7.13 billion) in dividends...

Updated : 2014.07.23 19:50