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01:32
Think tank revises 2017 growth rate for Korean economy to 2.8%
A state-run think tank has revised its growth forecast for the Korean economy this year from 2-point-5-percent up to 2-point-8-percent on par with the annual growth rate recorded in 2016. Tuesday's report from the Korea Institute for Industrial Economics and Trade takes into account expectations that the governmen...
2017-06-27 20:04:35 KST -
00:43
Korean stocks renew all-time high
Korea's main stock index, the KOSPI, closed at an all-time high for the second day in a row on Tuesday many analysts saying it's on a rally that'll have some staying power. In fact, it was the fourth straight session with a new intra-day high. The KOSPI added about a tenth of a percent to close at just under 2-thou...
2017-06-27 15:50:43 KST -
00:35
Galaxy S8 Plus has best performing battery: U.S. Consumer Reports
A new report rates Samsung's Galaxy S8 Plus as having the best-performing battery on the market. That's according to the U.S. publication Consumer Reports. It said Tuesday the Galaxy S8 Plus released earlier this year had the longest battery life among its rivals, allowing users to make calls for 26 consecutive hou...
2017-06-27 14:28:15 KST -
00:46
South Korea-U.S. FTA to undergo revisions, not complete overhaul: KOTRA
There's a widespread belief in South Korea that the free trade agreement between Seoul and Washington could be completely scrapped under the Trump administration. But there are increasing signs that won't be the case. A report from the Washington office of the Korea Trade-Investment Promotion Agency on Monday says ...
2017-06-27 14:28:15 KST -
00:47
Korea's consumer sentiment hits more than 6-year high in June
Are the good times coming back for the Korean economy? The country's consumer sentiment index improved for the fifth month in a row in June, and in the process, hit a high not seen in six-and-a-half years. The Bank of Korea said Tuesday that the composite consumer sentiment index recorded one-hundred-eleven-point-on...
2017-06-27 08:54:26 KST -
01:58
U.S. has no plans to scrap KORUS FTA: Trump's trade chief
No change to the Korea-U.S. FTA deal, this coming from President Trump's top trade negotiator, Robert Lighthizer. During a two-day Capitol Hill hearing where Lighthizer's budget for 2018 was discussed,… he said the administration has no plans to scrap the free trade agreement between Seoul and Washingt...
2017-06-27 03:57:03 KST -
01:38
Data on 2016 Korean exports released Monday
Data on Korean export trends shows shipments of semiconductors, consumer goods and those from the energy sectors rose while that of telecommunications equipment fell during 2016. In particular, exports in the biohealth sector climbed more than 69-percent last year compared to 2015 while outbound shipments of skin ...
2017-06-26 20:07:00 KST -
01:58
Thai eggs to arrive in Korea this week to stabilze prices
A fresh new batch of foreign eggs are on their way. Korea’s Ministry of Agriculture, Food and Rural Affairs says it’s importing nearly one-million eggs from Thailand in the coming days and weeks, in an attempt to contain rising egg prices. Seoul had already received a batch of two-thousand sample Thai eggs last...
2017-06-26 18:03:42 KST -
00:42
Korean stocks touch intra-day all-time high on tech rally
Korea's benchmark stock index, the KOSPI, touched a record high during trading Monday, on a rally in tech shares, including Samsung Electronics. In the afternoon, the KOSPI breached the 2-thousand-3-hundred-90 mark, before coming back down slightly to close at just under 23-89. It was a gain of four-tenths of a p...
2017-06-26 16:08:58 KST -
00:38
First cargo of U.S. shale gas to arrive next month: KOGAS
The first shipment of U.S. shale gas is expected to arrive in Korea's southern port of Tongyeong next month a move aimed at diversifying Korea's gas imports, which currently come mainly from the Middle East. The state-run Korea Gas Corporation says the country will be importing more than two-point-eight...
2017-06-26 11:49:43 KST -
00:29
Korea's benchmark reached all-time high of 2,388
Korea's benchmark index, the KOSPI, reached an all-time high of two-thousand-three-hundred-88 during early trading on Monday up four tenths of a percent from last Friday. The rally is mainly due to new highs set by local blue-chips, namely Samsung Electronics and SK Hynix. Their values were driven up by indiv...
2017-06-26 11:49:43 KST -
00:45
China's customs rejections of S. Korean food surge 280%: Agriculture ministry
Moving onto other news, the South Korean government has produced more evidence of China's economic retaliation against South Korea for deploying the THAAD missile defense system. Data from Seoul's agriculture ministry show there were 95 cases of Chinese customs rejecting Korean food products in March and...
2017-06-26 03:57:42 KST
Most Popular in News
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02:33
Cheong Wa Dae confirms President Moon's schedule for Wahsington trip
Just two days before he flies over to Washington for his first bi...
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02:10
President Moon embarks on four-day- trip to Washington D.C.
After a roughly 14-hour-flight, President Moon will arrive on Wedn...
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01:45
Seoul has no plan to reverse THAAD deployment: Kang
South Korea's foreign minister Kang Kyung-hwa made clear tha...
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02:55
How Moon and Trump coordinate North Korea policies is key to summit: Experts
With the controversy over THAAD looming large and their potentia...
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02:13
President Moon presides over Cabinet meeting for 1st time
Let's start with the first cabinet meeting chaired by the presi...
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