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00:40
U.S. slaps anti-dumping duties of up to 75% on Korean steel
Less than three weeks after South Korea and the U.S. announced they'd resolved trade-related issues concerning their bilateral free trade agreement, the U.S. has slapped anti-dumping duties of up to 75-percent on Korean steel. The U.S. Commerce Department said Thursday that it's sticking to its preliminary decision m...
2018-04-13 09:53:06 KST -
00:41
South Korea's export prices down, import prices up in March
South Korea's export prices for March went down from the previous month on the stronger Korean won. According to the Bank of Korea on Friday, export prices dropped zero-point nine percent on-month. The local currency gained zero-point-seven percent on-month against the greenback in March. But import prices rose fo...
2018-04-13 09:09:02 KST -
00:40
Thursday's market wrap
U.S. stocks were up on Thursday as sentiment improved following a tweet from President Trump that seemed to indicate airstrikes on Syria aren't imminent. The Dow Jones finished up over 290 points, or one-point-two percent, while the S&P 500 was up zero-point-8 percent at 2,663-point-9. The tech-heavy Nasdaq added ...
2018-04-13 04:36:11 KST -
01:07
FSC calls for state-run policy banks' financial aid to support GM Korea's subcontractors
In an effort to help mitigate the effects of GM Korea's downsizing, the Financial Services Commission asked state-run policy banks to provide financial support to local subcontractors of the American auto giant. Meeting with the heads of banks Thursday, the Seoul's top financial regulator Choi Jong-ku ...
2018-04-13 04:13:05 KST -
00:45
Japanese rating agency ups S. Korea's rating outlook
A Japanese credit rating agency has raised its outlook for South Korea by one notch on Thursday. The Japanese Credit Rating re-evaluated Seoul's sovereign rating to "AA-" from "A+," with the rating outlook remaining "stable." The JCR cites eased geopolitical tension following the announcements of a third inter-Kor...
2018-04-12 19:12:41 KST -
00:42
South Korea's Supreme Court orders mobile carriers to reveal breakdown of earnings
South Korea's Supreme Court ordered the nation's three largest mobile phone carriers reveal their operating costs, so as to provide transparency of customers' charges. This comes after a Korean civic group filed a lawsuit against the mobile operators 7 years ago, demanding that earnings be made public as their servi...
2018-04-12 18:21:17 KST -
00:38
Korean firms paid record-high dividends last year: Korea Exchange
South Korean companies payed a record amount of dividends to shareholders last year. According to the operator of the nation's stock market on Thursday of the 745 companies listed on the main index, the KOSPI, around 72 percent of them paid dividends totaling over 20 billion U.S. dollars combined. That's up 4-point-...
2018-04-12 18:21:17 KST -
02:27
Bank of Korea holds interest rate steady, lowers inflation rate projection
The Bank of Korea kept its growth forecast for the local economy for 2018 at three percent, the same as its previous projection made in January. But the bank lowered its inflation rate projection by 0.1 percent. (Korean) "“We slightly lowered the inflation rate projection to 1.6 percent for this year....
2018-04-12 18:20:17 KST -
15:04
Power game between U.S. and China over trade, political issues
So for now, it seems that we might have avoided a trade war between the world's two superpowers as the two sides assured each other that they are still friends. But experts say, it's too early to let our guard down because China and the U.S. are determined to protect their national interests and pursue their polit...
2018-04-12 13:03:03 KST -
00:43
Samsung Securities to compensate all shareholders on ‘fat finger’ fiasco
Dealing with the fallout from its dividend payout fiasco, Samsung Securities says it will compensate all shareholders who traded on the day of the mishap for their financial losses. According to the local brokerage firm, they will set the compensation at 39-thousand-800 won (about 37 U.S. dollars), the stock's highe...
2018-04-12 10:13:04 KST -
01:25
Bank of Korea keeps key interest rate at 1.5%
The Bank of Korea on Thursday kept its benchmark interest rate unchanged at one-point-five percent. This is the third freeze since the last rate hike in November, when the BOK raised its record low interest rate for the first time in over six years by a quarter percentage point. The central bank said inflation rema...
2018-04-12 09:13:10 KST -
00:34
Bank of Korea keeps key interest rate at 1.5%
This just coming in. The Bank of Korea has kept its benchmark interest rate unchanged at one-point-five percent. It's the first monetary policy meeting since the reappointment of BOK governor Lee Ju-yeol last month. The decision follows a freeze in January and February. In November, the central bank raised its k...
2018-04-12 07:46:31 KST
Most Popular in News
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01:21
Working-level officials from South and North to meet in Panmunjom on Monday
This week is a crucially important one for us here in Korea... and oth...
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01:47
Number of visitors to Korea grows in March after 12 months of decline
The number of foreign visitors to Korea in March jumped more than 1...
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02:19
Korea to consider gradually disclosing details of foreign exchange transactions
South Korea is considering disclosing details about its foreign ex...
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02:04
N. Korea's 'nuclear freeze' pledge seen as sign of sincerity
After Friday's meeting of North Korea's main policymaking body, th...
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02:25
Daughters of Korean Air chief to step down amid abuse of power criticism
Cho Yang-ho, chairman and CEO of Korean Air, apologized on Sunday ...
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