-
SC Bank Korea offers checking account with 1.5% ratesMarketsJul 20, 2017Monetary easing in South Korea has lasted for over a year, with the country’s central bank keeping a record low rate of 1.25 percent for 13 months as of July. Amid uncertainties surrounding the rate... -
Seoul stocks hit new record on solid earnings hopesMarketsJul 20, 2017South Korean stocks ended up at a fresh record high Thursday amid expectations of solid corporate earnings results. The won fell against the US dollar. The benchmark Korea Composite Stock Price Inde... -
Convenience stores see profit sliding as market gets more crowdedEconomyJul 20, 2017Per-store operating profit at convenience stores in South Korea fell in 2015 as the market became more crowded, government data showed Thursday. An average per-store operating profit at franchised c... -
Korea to shift economic paradigm over low growth, polarizationEconomyJul 20, 2017South Korea's finance chief said Thursday that he will try to shift the country's economic paradigm to try to address chronic low growth and the deepening social divide. The country's central bank h... -
Seoul shares turn lower Wednesday morning on foreign sellingMarketsJul 20, 2017South Korean stocks turned lower Thursday morning as foreigners and institutions offloaded their holdings. The won traded down against the dollar. The benchmark Korea Composite Stock Price Index tha... -
Woori Bank‘s net profit jumps 46.4% in H1MarketsJul 20, 2017Woori Bank, a major South Korean commercial lender, said Thursday its net profit for the first six months of this year jumped 46.4 percent on year, thanks to a solid gain in both interest and non-int... -
Korea vows no concessions in farm sector in talks with US to amend FTAEconomyJul 20, 2017South Korea's new agriculture minister has said the Seoul government will not make concessions in the farm sector in talks with the United States to amend a bilateral free trade agreement. In an int... -
Koreans take 5.5 local trips in 2016, slightly more than previous yearEconomyJul 20, 2017South Koreans took an average 5.5 local trips last year, spending 586,495 won ($522), travel-related data showed Thursday. Data from the Ministry of Culture, Sports and Tourism said among 43.9 milli... -
More youths spending less time searching for jobsEconomyJul 20, 2017More unemployed young people are using their free time for personal activities rather than actively searching for jobs, data analysis showed Thursday, a trend that may be a sign that they have given ... -
KCCI chairman urges voluntary changes in businesses, more jobsEconomyJul 19, 2017JEJU ISLAND, Jeju Province -- Amid growing tension in the corporate community over the government’s chaebol reform drive and planned minimum wage hike, the head of the nation’s top business lobbying ... -
Financial regulator to be more active in reining in household debtEconomyJul 19, 2017South Korea's top financial regulator said Wednesday he will be more active in reining in household debt, calling it the biggest risk facing the nation's economy. Choi Jong-ku, the newly appointed c... -
Producer prices down 0.4% in June on oil price dropEconomyJul 19, 2017South Korea’s producer prices fell slightly for a fourth straight month in June, reflecting the recent drop in oil and raw material prices, the nation’s central bank data showed Wednesday. The produ... -
Citibank Korea named best foreign commercial bank in KoreaMarketsJul 19, 2017Citibank Korea has been named the best foreign commercial bank in Korea in this year’s Country Awards for FinanceAsia, a Hong Kong-based financial magazine, the bank said Wednesday. The New York-bas... -
Moon’s policies carry high costs for economyEconomyJul 19, 2017Concerns have been raised that a set of policies being shaped by the Moon Jae-in administration will result in cutting deep into the competitiveness and efficiency of the Korean economy by aggravatin... -
Seoul stocks hit new record on solid earnings hopesMarketsJul 19, 2017South Korean stocks ended up at a fresh record high Wednesday backed by institutional buying amid hopes for sound corporate earnings. The won rose against the US dollar. The benchmark Korea Composit...
MOST POPULAR
-
01S. Korea announces innovative syringe method to increase vaccine doses
-
[From the scene] ‘I feel safer’: Vaccination begins for Korea’s front-line workers02
-
0312-year-old US resident identified as suspect of terror threat against Incheon airport
-
New virus cases below 400 on fewer testing; virus curbs extended for 2 more weeks04
-
05About 18,500 Koreans get COVID-19 vaccines on vaccination Day 1
-
Foreign COVID-19 patients on steep rise in Korea this year06
-
07New virus cases stay above 400 on 2nd day of mass vaccination
-
[Weekender] North Korean defector runs in UK election to defend ‘voiceless’08
-
09Front-line medical workers get 1st injections of Pfizer's vaccine in S. Korea
-
[Eye Plus] 18th-century poet’s abode shows there is charm in simplicity10