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S. Korea vows swift budget spending amid growing virus concernsEconomyFeb 6, 2020SEJONG -- South Korea will swiftly implement its fiscal spending as China's rapidly spreading coronavirus epidemic is expected to cast a shadow on the nation's fragile economic recovery, a senior off... -
Korea's current account surplus narrows in Dec.EconomyFeb 6, 2020South Korea's current account surplus narrowed sharply in December as its exports fell at a faster rate than imports, central bank data showed Thursday. The country's current account surplus came to... -
Kyobo Securities to establish dual CEO systemMarketsFeb 5, 2020Kyobo Securities is set to launch a dual CEO system to strengthen the company’s two business pillars -- investment banking and wealth management -- the company said Wednesday. The board of directors... -
NPS short on time for March proxy seasonMoneyFeb 5, 2020South Korea’s public pension fund, the National Pension Service, is now gearing up for new committees to ramp up the shareholder engagement push for its portfolio firms here at an unprecedented level... -
Kakao Pay gets green light to acquire local brokerageMarketsFeb 5, 2020The Financial Services Commission, South Korea’s financial regulator, said Wednesday that it has approved fintech firm Kakao Pay’s request to become the largest shareholder of brokerage house Baro In... -
Seoul to offer tax benefits to SMEs with virus lossesEconomyFeb 5, 2020Government promises tax benefits for affected businesses, strong measures to prevent monopolies of masks and sanitizers -
S. Korea unveils aid package worth W820b for new shipsEconomyFeb 5, 2020South Korea on Wednesday unveiled a financial package worth 820 billion won ($690 million) to help modernize aging passenger boats and cargo vessels. The package is meant to help smaller shipping co... -
S. Korea’s forex reserves hit record high in Jan.EconomyFeb 5, 2020South Korea’s foreign exchange reserves surged to a record high of $409.6 billion in January, surpassing its previous record from December, the nation’s central bank data showed Wednesday. The incre... -
Net assets of Mirae Asset’s ETF surpass W100bMoneyFeb 5, 2020Seoul-based asset management giant Mirae Asset Global Investments said Wednesday that the net asset value of its exchange-traded fund invested in the US-based Nasdaq has surpassed 100 billion won. M... -
Hahn & Co. to buy SK Chemicals’ biofuel operation for W382.5bMoneyFeb 5, 2020Seoul-based private equity house Hahn & Co. agreed to buy SK Chemicals’ biofuel operation for 382.5 billion won ($322.2 million) in cash on Wednesday. The proposed acquisition of South Korea’s No. 1... -
K-Growth to earmark W5.4tr risk capital for 2020MoneyFeb 5, 2020South Korea’s state-led fund of funds manager Korea Growth Investment (K-Growth) said Wednesday it plans to earmark a combined 5.4 trillion won ($4.5 billion) risk capital to spur venture investments... -
S. Korea eyes further economic cooperation with Russia, AzerbaijanEconomyFeb 5, 2020South Korea said Wednesday it will hold a series of meetings with counterparts in Russia and Azerbaijan this week as part of the country's drive to forge deeper ties with emerging countries of Easter... -
Concerns grow over S. Korean exports amid coronavirus crisisEconomyFeb 5, 2020Concerns are escalating over South Korea's export performance down the road amid the new coronavirus crisis, but officials say no serious fallout has been reported yet. It is widely feared that the ... -
Big firms sharply cut performance pay, dividends on dismal earningsEconomyFeb 5, 2020Major South Korean companies sharply cut payments of performance-based pay and dividends for 2019 due to abysmal earnings, industry sources said Wednesday. Top-cap Samsung Electronics Co. recently d... -
BOK board members see slow but clear signs of improvement: minutesEconomyFeb 4, 2020A majority of South Korea's monetary policy board members apparently see gradual but definite signs of improvements in economic conditions surrounding the country, minutes from their latest rate-sett...
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01S. Korea's virus infections near 1,600, new cases center on hardest-hit Daegu, church followers
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Countries shut doors on S. Korea over coronavirus fears02
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03Over 400,000 sign petition to impeach President Moon
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S. Korea’s coronavirus cases exceed 1,20004
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05Daegu battles shortage of hospital beds, medical personnel
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Drive-thru clinics, drones: Korea’s new weapons in virus fight06
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07[Newsmaker] Shincheonji Wuhan church emerges as possible link to Korea virus spread
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Trump says it's not right time to put travel restrictions on S. Korea08
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09COVID-19 hits Daegu city officials
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Faced with mask shortages, some look for DIY alternatives10