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S. Korean economic prospects bright despite external challenges: IMF chiefEconomySept 11, 2017Christine Lagarde, managing director of the International Monetary Fund, on Monday expressed optimism on South Korea’s economy for the upcoming years, despite external challenges including the North ... -
Seoul stocks end higher on institutional buyingMarketsSept 11, 2017South Korean stocks closed higher Monday as institutional buyers scooped up large-cap tech shares, recouping last week's losses sparked by concerns over North Korea's nuclear provocations. The Korean... -
THAAD reprisals undermine China FTAEconomySept 11, 2017China has shown no hesitation in disregarding its obligations under the free trade agreement with South Korea to take retaliatory measures against the deployment of a US missile defense system here. ... -
Korean banking giants lag behind in global capital standardMarketsSept 11, 2017South Korean banks failed to make it into the global top tier in capital volume last year, data showed Monday. According to an estimate by Korea Ratings, none of the country’s banking groups were am... -
Moon meets with IMF chief, stresses importance of income-led growthEconomySept 11, 2017President Moon Jae-in said Monday he aims to realize "income-led" economic growth that spreads its benefits across all sectors. Moon made the remark as he outlined his economic policy during a meeti... -
Korea spending on families among lowest in OECD states: dataEconomySept 11, 2017South Korea was one of the smallest investors in families among member states of the Organization for Economic Cooperation and Development in 2013, a report showed Monday. The country allocated 1.13... -
IMF chief says Korean economy likely to grow 3% this yearEconomySept 11, 2017International Monetary Fund chief Christine Lagarde expressed optimism Monday about the future of the South Korean economy as she forecast Asia's fourth-largest economy to grow 3 percent this year. ... -
Seoul stocks up late Monday morning on eased geopolitical risksMarketsSept 11, 2017South Korean stocks traded higher late Monday morning, recouping last week's losses sparked by concerns over North Korea's nuclear provocations. The benchmark Korea Composite Stock Price Index gaine... -
New FSS chief vows to enhance financial consumer protectionMarketsSept 11, 2017The new chief of the Financial Supervisory Service said Monday he will set up an advisory body to enhance protection for consumers of financial products. Choe Heung-sik, former president of Hana Fin... -
Korea advised to limit smoking at public places, cigarette ads: WTOEconomySept 11, 2017The World Health Organization has recommended South Korea to adopt more stringent regulations to ban cigarette smoking in public places and restrict tobacco advertising and promotions. The WTO has b... -
Korea's exports fall 8.7% in first 10 days of Sept.EconomySept 11, 2017South Korea's exports fell 8.7 percent in the first 10 days of this month from a year earlier due to decreased business days, the latest customs data showed Monday. Total outbound shipments reached ... -
Seoul stocks open higher on tech gainsMarketsSept 11, 2017South Korean stocks opened higher Monday as institutional buyers scooped up large-cap tech shares, analysts said. The benchmark Korea Composite Stock Price Index rose 17.05 points, or 0.73 percent, ... -
Stock market volatility to grow ahead of 'quadruple witching'MarketsSept 11, 2017South Korea's stock market volatility is expected to grow early this week ahead of the so-called quadruple witching day that comes on top of escalating geopolitical tensions here, analysts said Monda... -
Foreigners own over half of electric, electronics stocksMarketsSept 11, 2017Foreign investors hold more than half of electric and electronics shares listed on South Korea's main stock market, data showed Monday. Foreign ownership of those stocks traded on the Korea Composit... -
Korea wage increase rate halved after financial crisis: reportEconomySept 10, 2017South Korea's wage increase rate has been halved after the 2008 global financial crisis that rocked the country, a market report showed Sunday. The findings released in the Bank of Korea's latest fo...
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