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[Today’s K-pop] Blackpink expands tour yet again
Appellate court rules against local temple claiming ownership of Buddhist statue stolen from Japan
[The Korean Dilemma] What ChatGPT means for Korea
S. Korea may test-fire new 'high-power' Hyunmoo ballistic missile in near future: source
Ex-President Park's aide acquitted of hindering Sewol probe
Democratic Party accuses Yoon of ‘rolling back Moon’s reforms’ of top spy service
Performing arts boast strong ticket sales and revenue in 2022
Remains of ‘Mr. Sunshine’ to return home after 100 years
HLB's anticancer drug receives greenlight in China
[Photo News] Insights on metaverse
N.Korea prioritizes military buildup ahead of army anniversary
SK hynix, hit with first operating loss in decade, to cut spending
[History through The Korea Herald] War orphans, the Holts and seeds borne from tragedy
S. Korea logs highest monthly trade deficit amid sluggish chip demand
Foreign minister to lobby for UN seat, nuke talks on US trip
Viviz blazes charisma and attitude with 3rd EP 'VarioUS'
Geopolitical conflicts pose risk to chip, battery industries: BOK
KT partners with Mongolia's Monnis Group for rare earths
‘Next Sohee’ a blunt portrayal of how adults destroy the dreams of youths
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Finance
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Seoul shares end nearly flat ahead of Fed's rate-setting meeting
Markets
Dec 13, 2022
South Korean stocks finished almost unchanged Tuesday as investors remain cautious ahead of the US Federal Reserve's interest rate-setting meeting and the release of key inflation data. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index lost 0.62 point, or 0.03 percent, to close at 2,372.40. Trading volume was a bit light at 438.75 million shares wort...
Despite hiccups, regulator keeps distance from crypto listing approval
Markets
Dec 13, 2022
Korea’s financial regulator denies report it is considering to mandate approval of cryptocurrency listing after wemix delisting fiasco
Finance ministry renews calls to reform corporate tax policy
Economy
Dec 13, 2022
SEJONG -- South Korea's finance ministry on Tuesday renewed its call for corporate tax reform that centers on simplifying the taxation bracket and cutting taxes for large-sized firms amid the simmering tensions at the parliament over the bill's passage. The government and the ruling People Power Party have been pushing to lower the maximum tax rate to 22 percent to attract more investment in Sou...
Seoul shares open higher on US gains
Markets
Dec 13, 2022
South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street, with the US Federal Reserve's upcoming interest rate-setting meeting in focus. The benchmark Korea Composite Stock Price Index added 9.36 points, or 0.39 percent, to 2,382.38 in the first 15 minutes of trading. Overnight, US shares finished higher following last week's deep losses. The Dow Jones Industrial Avera...
Seoul shares fall ahead of Fed's rate-setting meeting
Markets
Dec 12, 2022
South Korean stocks finished lower Monday as investors remained cautious about the United States' monetary policy direction ahead of a rate-setting meeting amid deepening recession fears. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 16.02 points, or 0.67 percent, to close at 2,373.02. Trading volume was a bit light at 489.54 million shares ...
Nearly 70,000 under 30s subject to gift tax
Money
Dec 12, 2022
More than 70,000 people under the age of 30 are obliged to pay a gift tax for receiving assets in 2021, marking a two-fold increase from the year before, data showed Monday. According to Rep. Jin Sun-mee from the Democratic Party of Korea, 70,115 people under 30 are obliged to pay a gift tax for receiving land, properties or securities in 2021. Jin is a member of the Strategy & Finance Committee...
Woori Bank offers multilingual service on Sundays
Markets
Dec 12, 2022
Woori Bank, one of South Korea’s top banks, is offering multilingual services on Sundays at five branches around the country. The five branches -- Ansan, Uijeongbu and Balan in Gyeonggi Province, Gwanghui-dong in Seoul and Gimhae in South Gyeongsang Province -- will be open on Sundays from 10 a.m. to 4 p.m. Foreigners can access general banking services in 10 languages, including English, Chine...
Seoul shares open lower ahead of Fed's rate-setting meeting
Markets
Dec 12, 2022
South Korean stocks opened lower Monday as investors were cautious ahead of the US Federal Reserve's rate-setting meeting this week. The benchmark Korea Composite Stock Price Index slid 10.54 points, or 0.44 percent, to 2,378.50 in the first 15 minutes of trading. Several major economic developments from the United States are due this week, as the Fed is to hold a two-day rate-setting meeting s...
Wemix launches buyback program after delisting fiasco
Markets
Dec 9, 2022
Wemix forecasts coin destruction, GDAC exchange comes to the rescue
Foreign investors continue rush to local securities: BOK
Economy
Dec 9, 2022
Foreign investors remained net buyers of local securities, recording a net inflow of $2.74 billion (3.56 trillion won) in local securities in November, data from the central bank showed Friday. According to the Bank of Korea’s report on the international finance and foreign exchange market, foreigners purchased a net $2.1 billion worth of shares and $630 million worth of bonds in Korea in Novemb...
Seoul shares end higher ahead of key US inflation data
Markets
Dec 9, 2022
South Korean stocks ended higher Friday, snapping a five-day losing streak, as foreigners and institutions picked up oversold shares amid uncertainty over the US Federal Reserve's monetary policy direction. The Korean won sharply strengthened against the US dollar. The benchmark Korea Composite Stock Price Index rose 17.96 points, or 0.76 percent, to 2,389.04. The main index fell 2.6 percent thi...
Seoul shares open higher after US gains
Markets
Dec 9, 2022
Seoul stocks opened higher Friday, tracking gains on Wall Street, as investors await key US inflation data this week for clues as to whether the Federal Reserve could scale down its aggressive monetary tightening. The benchmark Korea Composite Stock Price Index rose 4.72 points, or 0.20 percent, to 2,375.80 in the first 15 minutes of trading. Kospi rebounded after a five-day slide. Stronger-tha...
S. Korea posts current account surplus for second straight month but sharply smaller than year earlier
Economy
Dec 9, 2022
South Korea posted a current account surplus for the second consecutive month in October, but the amount was much smaller than the previous year amid expanded imports and outbound travel, central bank data showed Friday. The country's current account surplus came to $880 million in October, according to the preliminary data from the Bank of Korea. This marked the second straight month of a surp...
[Graphic News] Overseas card spending continues to grow on soaring outbound travel
Economy
Dec 9, 2022
South Koreans’ overseas card spending continued to grow in the third quarter as outbound travel spiked bolstered by eased pandemic curbs, central bank data showed. The amount of money spent overseas by South Koreans with cards, including credit and debit cards, came to $3.81 billion in the July-September period, up 4.1 percent from the previous quarter, according to the data from the Bank of Kor...
Jin Ok-dong tapped as chairman candidate for Shinhan Financial
Money
Dec 8, 2022
Shinhan Bank President Jin Ok-dong, 61, has been appointed as the final candidate for the new chairman of Shinhan Financial Group, South Korea's No. 2 bank by total assets, Thursday. The group said that nonexecutive directors of the group unanimously voted for Jin at a candidate recommendation meeting held at the firm's headquarters in central Seoul. Other candidates were Shinhan Financial Grou...
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Adversary that challenges S. Korea challenging Seoul-Washington alliance as whole: US defense chief
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Samsung defies chip price slump, vows to continue investment
S. Korea, US agree to further step up military exercises
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S. Korea's exports down 16.6% in January; trade deficit hits record high
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VW Korea halts car sales, to issue recall over faulty warning triangles
[Newsmaker] New visas, faster entries: Immigration changes in 2023
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Counseling center opens for Itaewon residents, merchants
Plan needed to attract foreign workers: PM
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