Most Popular
-
1
40 flights canceled on Jeju Island due to bad weather
-
2
Pandemic left Korea more depressed than before: report
-
3
Korean labor force to shrink by 10 million by 2044: report
-
4
[AtoZ Korean Mind] Does your job define who you are? Should it?
-
5
N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
-
6
Gov't appears to shelve punitive measures against mass walkout by doctors
-
7
Allegations surrounding BTS resurface, enraged fans demand apology
-
8
Students with history of violence will be barred from becoming teachers
-
9
Govt. asks hospitals to mitigate impact of medical professors' absence
-
10
Samsung mocks Apple over iPhone alarm glitch
-
S&P downgrades Italy's credit rating a notch
NEW YORK (AP) — Standard & Poor's Ratings Services has downgraded Italy's credit rating by one notch, saying it sees weakening economic growth prospects for the nation and higher-than-expected levels of government debt.S&P said Monday it cut Italy's long- and short-term sovereign credit rating
Sept. 20, 2011
-
Gov't steps up efforts to calm markets, uneasy investors
SEOUL, Sept. 19 (Yonhap) -- South Korean financial regulators on Monday ramped up efforts to alleviate market concerns as deposit holders rushed to savings banks to check on their accounts and withdraw their money on fears the impact of the recent six-month suspensions will further hurt the ailing s
Sept. 19, 2011
-
Individual retirement pension market likely to reach 82 tln won in 2030: report
SEOUL, Sept. 19 (Yonhap) -- South Korea's individual retirement pension market will likely reach 82 trillion won (US$72.4 billion) in 2030, an industry report showed on Monday.The country's financial regulator is planning to introduce the individual retirement pension scheme in July next year, under
Sept. 19, 2011
-
Oil taxes more than half of gasoline price at pumps
SEOUL, Sept. 19 (Yonhap) -- Taxes levied on gasoline sold at local pumps accounted for 54.7 percent of consumer prices, a government report said Monday, fueling public demand for lowering oil taxes on petroleum products that have risen in recent months.According to the report submitted to the annual
Sept. 19, 2011
-
S. Korean workers' real income growth slows amid high inflation: report
SEOUL, Sept. 19 (Yonhap) -- South Korean workers' monthly wages grew at a faster pace than other major economies last year, but inflation-adjusted income growth was behind other countries due to rising prices, a report showed Monday.South Korean workers' nominal wages came to 2.02 million won ($1,81
Sept. 19, 2011
-
Minister Choi lukewarm on calls for resignation
The Ministry of Knowledge Economy announced measures to prevent power outages similar to that of Thursday recurring on Sunday.Minister of Knowledge Economy Choi Joong-kyung, however, did not announce plans to step down despite widely held opinion that he would. At a press briefing on Sunday, Choi sa
Sept. 18, 2011
-
Seoul to compensate for power outage damages
The Ministry of Knowledge Economy announced Sunday that those who sustained damages in Thursday’s blackouts can file for compensation from Tuesday.Minister of Knowledge Economy Choi Joong-kyung said that claims can be filed at Korea Electric Power Corp. offices, support centers for small merchants,
Sept. 18, 2011
-
Minister hints at blackout compensation
Disputes are rising over compensation after an unprecedented power failure swept the nation on Thursday. Seoul and many other parts of Korea suffered serial power cuts after a sudden hike in electricity consumption. Unlike large companies with an independent power operating system, smaller businesse
Sept. 16, 2011
-
KEPCO under fire for power failure
State-run Korea Electric Power Corp. is facing mounting criticism as it passed the buck to the Korea Power Exchange on taking responsibility for the unprecedented nationwide power outages Thursday afternoon.Residents and workers around the country suffered sudden power outages starting at around 3 p
Sept. 15, 2011
-
S. Korea closely watches currency market situations: finance ministry
SEOUL, Sept. 15 (Yonhap) -- South Korea is closely watching currency market conditions as volatility increases amid growing concerns over fiscal woes in Europe, a senior finance ministry official said Thursday. "In any direction, excessive fluctuations in the currency exchange rates are not desirabl
Sept. 15, 2011
-
French bank downgrades to have 'limited' impact on Korean financial firms: watchdog
The credit downgrades of two major French banks will have a "limited" impact on the health of South Korean financial companies as their exposure to those lenders remain quite small, Seoul's financial watchdog said Wednesday.Earlier, Moody's Investors Service, one of the world's major credit appraise
Sept. 14, 2011
-
Korea to lower import tariffs on chili peppers
South Korea will reduce tariffs on imported chili peppers in a bid to control a surge in consumer prices sparked by poor domestic output, the government said Wednesday.Under the move to go into effect within the month, a 10 percent tariff will be imposed on 8,200 tons of chili pepper imports, compar
Sept. 14, 2011
-
‘CEOs most worried about U.S. double-dip’
Nearly half of South Korean chief executive officers view a double-dip recession in the United States as the most worrisome risk facing the global economy in recent months, a poll showed Tuesday. According to Samsung Economic Research Institute’s survey of 295 CEOs, 48 percent of the respondents sai
Sept. 14, 2011
-
ADB cuts China's economic growth estimate for this year
HONG KONG, Sept. 14 (Yonhap) -- The Asian Development Bank (ADB) said Wednesday it has cut its 2011 growth forecast for China, citing weak external demand from its key trading partners and the government's efforts to cool inflation.The regional lender trimmed its 2011 growth estimate for China to 9.
Sept. 14, 2011
-
Kia Motors' sales in China jump in Aug.
HONG KONG, Sept. 14 (Yonhap) -- Kia Motors Corp., South Korea's second-largest automaker, said Wednesday its sales in China surged more than 40 percent in August as its new vehicles attracted young customers in the world's No. 1 automobile market.Kia Motors said it sold 37,748 units in August, up 40
Sept. 14, 2011
-
Census: U.S. poverty rate swells to nearly 1 in 6
WASHINGTON (AP) -- The ranks of America's poor swelled to almost 1 in 6 people last year, reaching a new high as long-term unemployment left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in more than two decades.The Census Bureau's an
Sept. 14, 2011
-
Obama unveils plan to revive U.S. economy
WASHINGTON (AP) -- Barack Obama, looking to jolt both the U.S. economy and his presidency, proposed a $447 billion plan for creating jobs in a high-profile, nationally televised speech before Congress late Thursday.Obama, facing a tough re-election fight next year, looked to stem the eroding confide
Sept. 9, 2011
-
Aquino performance hampers growth in Philippines
Administration’s under-spending on infrastructure blamed for slower economic growthLess optimistic than most assessments tracking the slump of Philippine economic growth since President Benigno Aquino took office in July last year, Credit Suisse, the Swiss financial services firm, has downgraded its
Sept. 5, 2011
-
S. Korean economic growth to slow to 4.1 pct this year: think tank
SEOUL, Sept. 4 (Yonhap) -- South Korea's state-run think tank on Sunday revised down its 2011 growth project for the local economy to 4.1 percent, saying that the global economic slowdown will likely hurt the country's exports.The revised estimate of Asia's fourth-largest economy is compared with a
Sept. 4, 2011
-
LG, Philips, Sharp join hands to boost smart TV apps
Major TV makers LG Electronics Inc., Royal Philips Electronics and Sharp Corp. agreed to join forces to ramp up applications for Internet-powered televisions, hoping that the expansion of the TV ecosystem would fuel demand for smart TVs, the Korean firm said Thursday.The three companies from South K
Sept. 1, 2011