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[From the Scene] Police clashes, political drama at memorial for Seoul crowd crush victims
Hyundai gains momentum with high-performance cars
[Photo News] NFT art in Times Square
Former journalist appointed as Yoon’s new spokesperson after 5-month vacancy
KT&G aims big for overseas expansion
Will BTS make history with its first win at 65th Grammy Awards?
New EU rules picked No. 1 ESG concern this year
[Newsmaker] US downs Chinese balloon, drawing a threat from China
LG unveils net-zero goals in first group-wide report
'Energy inflation' hits 25-year high in January
[Herald Interview] Samsung bets big on cameras to fight Apple
S. Korea, US vow action on N. Korea amid push for new ties
3 rescued, 9 missing after boat capsizes off South Jeolla
S. Korea's new COVID-19 cases below 15,000 for 3rd day
Families of crowd crush victims hold memorial rally in downtown Seoul
[Seoul Subway Stories] Dongnimmun Station, where memories of heroes are commemorated
[Herald Interview] ‘Nine Fox Gambit’ author highlights history, gender in sci-fi fantasy romance
Nourishing traditions for Jeongwol Daeboreum
The colder the better
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Export slump to continue through H1; inflation to slow in H2: finance minister
Feb 3, 2023
SEJONG -- South Korea's exports are anticipated to remain sluggish "at least" through the first six months of 2023, the finance minister said Friday, while inflation is expected to slow in the latter half. Finance Minister Choo Kyung-ho made the remark ahead of a closed-door meeting with economy-related ministers, after South Korea reported sluggish export figures and worrisome inflation data for January earlier this week. "Exports have lost ground for four consecutive mont
S. Korea to sell W13tr won worth of Treasurys in February
Feb 2, 2023
South Korea plans to sell 13 trillion won ($10.6 billion) in state bonds this month, the finance ministry said Thursday. The ministry will issue 2.4 trillion won in Treasurys with a maturity of three years and another 2.1 trillion won in five-year government bonds in February, according to the Ministry of Economy and Finance. It also plans to sell 2.3 trillion won in bonds with a maturity of 10 years, 1 trillion won in 20-year Treasurys and float 3.1 trillion won in bonds with a maturity of 30 y
US Fed hike, inflation create rate-setting challenge for BOK
Feb 2, 2023
Korea's central bank faces tough decision on its key rate as gap with US benchmark rate widens
S. Korea closely monitoring financial market over US rate hike
Feb 2, 2023
South Korea's financial minister said Thursday the overnight rate-hike decision by the US Federal Reserve has eased market uncertainties, although the government will continue to keep a watchful eye on potential volatility. Earlier in the day, Finance Minister Choo Kyung-ho and other officials, including Bank of Korea Gov. Rhee Chang-yong, held an emergency meeting on macroeconomic situations. The meeting came hours after the Federal Reserve raised its benchmark rate by 25 basis points to a
S. Korea's consumer prices up 5.2 % in January on higher energy costs
Feb 2, 2023
South Korea's on-year growth in consumer prices accelerated from the previous month in January as energy costs shot up to a record level, data showed Thursday, amid expectations inflation will gradually slow throughout 2023. Consumer prices, a key gauge of inflation, rose 5.2 percent last month from a year earlier, compared with 5 percent growth estimated in December, according to the data from Statistics Korea. Inflation rose by 5 percent or higher for the ninth month in a row. It increased at
Geopolitical conflicts pose risk to chip, battery industries: BOK
Feb 1, 2023
Central bank warns of negative impact of US-China relations, geopolitical conflicts on Korea's key export industries
S. Korea's trade balance set to improve gradually: finance minister
Feb 1, 2023
Finance Minister Choo Kyung-ho said Wednesday that South Korea recorded a trade deficit last month due to higher energy imports, but its trade performance is anticipated to gradually improve down the road on the back of China's reopening. The remark came after the export-reliant economy suffered the largest-ever monthly trade deficit in January, with outbound shipments logging an on-year decline for the fourth consecutive month. "The increased trade deficit in January was blamed on sea
S. Korea's exports down 16.6% in January; trade deficit hits record high
Feb 1, 2023
South Korea's exports logged an on-year decline for the fourth consecutive month in January on weak global demand for semiconductors and other items amid an economic slowdown, the industry ministry said Wednesday. The country also suffered the largest ever monthly trade deficit on high energy prices last month, deepening concerns over the country's economic growth momentum. Outbound shipments fell 16.6 percent on-year to come to $46.27 billion in January, following a 9.5 percent on-year fall the
Base taxi fare in Seoul rises by 1,000 won to 4,800 won
Feb 1, 2023
The basic taxi fare in Seoul rose by 1,000 won ($0.8) to 4,800 won on Wednesday, marking the first hike in nearly four years. The Seoul metropolitan government raised the base rate for midsized sedan cabs operating in the capital city starting 4 a.m. The last hike was carried out in February 2019. The distance covered in the basic fare was shortened to 1.6 kilometers from the previous 2 km, and an additional 100 won is charged for every 131 meters of travel distance, changed from the previous 13
Yoon calls for 'innovative approach' to make best of $30b UAE investment
Jan 31, 2023
Consultative bodies to be set up across government offices to speed up bilateral talks, follow-up measures
[NPS in Action] Korea's pension fund, under pressure, hunts for gains in foreign stocks
Jan 30, 2023
World's third-largest retirement fund banks on large-cap tech shares and foreign markets in bid to stave off fund exhaustion
Exports of passenger cars hit record high in 2022
Jan 30, 2023
South Korea's exports of passenger cars rose 15 percent on-year in 2022 to reach a record high, data showed Monday, on the back of robust shipments of eco-friendly models. Carmakers shipped passenger cars worth a combined $49 billion in 2022, up from $42.6 billion tallied a year earlier, according to the data compiled by the Korea Customs Service. The number of cars shipped reached 2.31 million units, also rising 10.1 percent on-year, the agency added. South Korea's imports of passenge
Transport costs to climb after steep rise in utility bills
Jan 29, 2023
Bus, subway, taxi fares set to rise; electricity and gas rates likely to be raised further
Hana to seek more M&As overseas
Jan 29, 2023
Nation’s No. 3 financial group unveils this year's growth strategies
Banks' working hours to return to normal
Jan 29, 2023
With the Korean government lifting the indoor mask mandate, major banks are to normalize their operating hours to 9 a.m. to 4 p.m. from Monday. Major commercial banks, including KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH NongHyup, are to normalize their operating hours from the current 9:30 a.m. to 3:30 p.m. to 9 a.m. to 4 p.m. as the government has lifted the indoor mask mandate, one of the last remaining pandemic restrictions. Major savings banks have also joined the move. Ban
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92 people evacuated as fire breaks out in public bathhouse
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[Newsmaker] US downs Chinese balloon, drawing a threat from China
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