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BUSINESS

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LATEST NEWS
  • Hankook Tire CEO indicted on charges of bribery, embezzlement
  • Official: China hopes for US trade pact as tariff hike nears
  • World Anti-Doping Agency imposes 4-year ban on Russia
  • N. Korean airline increases flights to Russia ahead of deadline for repatri...
  • FTC to probe ‘slave’ contracts of Korean esports players
  • ‘Time is ticking for action on antimicrobial resistance’
  • National Assembly suspends voting on fast-tracked reform bills
  • [Graphic News] Majority of Americans see North Korea as enemy: poll
  • Secret love story between Hyun Bin and Son Ye-jin takes place in North Kore...
  • N. Korea blasts Trump's warning, says it has nothing more to lose
  •  
  • [News Focus] ‘Sagging economy’ faces 2nd rebound in dollar, oil

    [News Focus] ‘Sagging economy’ faces 2nd rebound in dollar, oil

    SEJONG -- Prices of the US dollar and gasoline directly affect a large proportion of South Korean businesses and households in terms of manufacturing costs and purchasing power. While monetary autho...

    Jul 18, 2019

  • Home transactions down 28% in H1

    Home transactions down 28% in H1

    Home sales in South Korea plunged more than 28 percent in the first half of the year compared to a year earlier, data showed Thursday, amid tightened regulations intended to curb rising housing price...

    Jul 18, 2019

  • BOK cuts key rate to 1.5% amid uncertainties

    BOK cuts key rate to 1.5% amid uncertainties

    South Korea’s central bank on Thursday cut the nation’s policy rate to 1.5 percent, amid mounting external uncertainties, officials have announced. It also decided to sharply slash the country's gro...

    Jul 18, 2019

  • BOK slashes policy rate to 1.50%

    BOK slashes policy rate to 1.50%

    The Bank of Korea slashed its policy rate by a quarter percentage point to 1.50 percent Thursday in a surprise move to help spur growth amid prolonged trade tensions. The rate cut is the first since...

    Jul 18, 2019

  • [Monitor] Koreans make up 24.1% of Japan visitors: data

    [Monitor] Koreans make up 24.1% of Japan visitors: data

    With boycotts of Japanese products becoming more widespread in South Korea in response to Tokyo’s export restrictions, accompanied by calls to stop visiting the neighboring country in a show of prote...

    Jul 17, 2019

  • S. Korea’s Trade Ministry refutes Japan by revealing catch-all system

    S. Korea’s Trade Ministry refutes Japan by revealing catch-all system

    The Ministry of Trade, Industry and Energy on Wednesday released details of its “catch-all system” for the country’s trade controls for security, refuting one by one Japan’s claims that South Korea’s...

    Jul 17, 2019

  • [News Focus] Portion of pessimists over economy hits record: poll

    [News Focus] Portion of pessimists over economy hits record: poll

    SEJONG -- A large proportion of self-employed people have closed their businesses and joined the growing number of jobless people over the past two years. Simultaneously, the state payment of unemplo...

    Jul 17, 2019

  • S. Korea's national assets grow 8.2% in 2018

    S. Korea's national assets grow 8.2% in 2018

    South Korea's total wealth grew at a fast pace from a year earlier in 2018 but largely on rapid increases in real estate and housing prices, central bank data showed Wednesday. The country's nationa...

    Jul 17, 2019

  • S. Korea considers lowering extra-high inheritance tax rate for top shareholders

    S. Korea considers lowering extra-high inheritance tax rate for top shareholders

    South Korea's government and ruling party are considering a move to lower the extra-high rate levied on inheritance tax for top shareholders of big companies, a ruling party official said Monday. So...

    Jul 15, 2019

  • Market closely watches timing, pace of BOK’s upcoming rate cut

    Market closely watches timing, pace of BOK’s upcoming rate cut

    There is consensus on a likely rate cut in August, but views differ on further action this year

    Jul 15, 2019

  • [News Focus] Seoul apartments resilient to property measures since 2017

    [News Focus] Seoul apartments resilient to property measures since 2017

    SEJONG -- The Moon Jae-in government has introduced stern regulations on rebuilding old apartments or redeveloping old areas in Seoul. Housing redevelopment projects have been effectively blocked in ...

    Jul 15, 2019

  • WTO to formally discuss Japan's export curbs on S. Korea

    WTO to formally discuss Japan's export curbs on S. Korea

    Japan's export restrictions on advanced tech materials that could undermine South Korea's production of semiconductors will be formally discussed at the World Trade Organization, South Korea's commer...

    Jul 14, 2019

  • Japan sees decline in value-added trade surplus with Korea

    Japan sees decline in value-added trade surplus with Korea

    Tokyo’s export curbs to negatively impact global economy due to correlated trade structure

    Jul 14, 2019

  • Exports, investments remain dull amid worsening external conditions: ministry

    Exports, investments remain dull amid worsening external conditions: ministry

    Seoul’s exports slip amid global price changes, US-China trade war

    Jul 12, 2019

  • BOK to face further delays in construction of new headquarters

    BOK to face further delays in construction of new headquarters

    The Bank of Korea is likely to experience further delays in the reconstruction of its headquarters as a disputed builder asserted its rights as the successful bidder, challenging the procurement offi...

    Jul 12, 2019

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