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00:34
Korea's import and export price index falls in May on the back of falling oil prices
Korea's import and export prices both fell in May, affected by lower prices for oil and raw materials. According to data from the Bank of Korea on Friday, the country's import price index fell one-point-four percent from the previous month. As global oil prices continue to slide, coal and petroleum produ...
2017-06-16 11:54:05 KST -
00:46
South Korea pledges US $8 million to AIIB development fund
South Korea is committing eight million U.S. dollars, to a special fund set up by the Asian Infrastructure Investment Bank, to finance infrastructure projects in developing nations. Finance Minister Kim Dong-yeon made the pledge on Thursday, during talks with A-I-I-B President Jin (lee-chin) Liqun, in the southe...
2017-06-16 07:07:30 KST -
02:00
Gov't not overly concerned with Fed's rate hike
Finance Minister Kim Dong-yeon brushed off concerns about the U.S. Federal Reserve's move to raise its benchmark interest rate, saying the impact of the Fed's decision on the Korean economy will be limited as the move had been widely expected. Despite this, the finance ministry said it will strengthen its monitori...
2017-06-15 19:58:01 KST -
02:23
Number of Koreans 'preparing' for job market passes the 700,000 mark in May
For the first time, the number of people preparing for the job market in Korea has passed the 700-thousand mark. According to Statistics Korea, May saw the highest level since figures were first compiled in 2003. These are often people classified as not economically active, but studying for certificates or quai...
2017-06-15 18:08:51 KST -
00:34
Finance ministry not concerned of adverse impact over U.S. rate hike
Responding to the Federal Reserve's rate hike, South Korea's finance ministry says it will strengthen its monitoring of the nation's financial markets and come up with countermeasures over the next few days. The Vice Minister of Strategy and Finance Ko Hyoung-kwon said the hike is not expected to h...
2017-06-15 12:05:47 KST -
01:49
U.S. Fed raises benchmark interest rate for third consecutive quarter
The U.S. Federal Reserve has raised its benchmark interest rate by a quarter percentage point. Following a two-day meeting, the Fed announced on Wednesday that the rate hike brings the target range to one to one-and-a-quarter-percent. (ENGLISH) - Reuters 3220 "Today the Federal Open Market Committee d...
2017-06-15 12:05:46 KST -
02:14
Employment rate rose to record high in May: Statistics Korea
Data from Statistics Korea released on Wednesday show the number of employed people reached an all-time high last month, citing increased employment in the construction and real estate sectors. And with the number of employed climbing for a fourth straight month, Korea's employment *rate also rose to a reco...
2017-06-15 07:00:50 KST -
02:52
Asian Development Bank and UN ESCAP hold talks on regional economic and social integration
Rather than looking to other regions of the world, it seems Asian countries should look a little closer to home to unlock their full growth potential. The Asian Development Bank and UN commission for Asia and the Pacific held a forum in Northern Seoul this week, to discuss how regional economies can build resilienc...
2017-06-14 19:59:29 KST -
00:45
ICT exports for May reach new monthly high
Korea's exports of goods related to information and communications, or ICT, reached a new monthly high in May thanks to sales of displays and chips. It was the seventh month of on-year growth in a row. According to the nation's science ministry, Korea shipped a combined 15-point-4 billion dollars-worth of ICT produ...
2017-06-14 15:37:43 KST -
00:39
Korean monthly household debt marks this year's fastest rate of increase in May
The Korean government's been trying to get a grip on borrowing by borring by households, but last month household debt rose by its fastest rate so far this year. According to the Financial Services Commission on Wednesday, the total household debt in May was up nearly nine billion U.S. dollars from the month before....
2017-06-14 15:37:40 KST -
00:38
KOSPI and foreign investor holdings hit all time high
Korea's benchmark stock index, the KOSPI, hit a record high shortly after market opening on Wednesday, climbing to two-thousand-three-hundred-86 points. And that wasn't the only record set today. According to the Financial Supervisory Service, holdings by foreign investors in the local financial market ...
2017-06-14 12:06:26 KST -
00:41
Korea's employment rate rose 0.3%p y/y to 61.3% in May
Some reasonably positive news on the jobs front The number of people in Korea's workforce increased by 375-thousand in May compared to the same month last year. Statistics Korea says the employment rate stood at 61-point-three percent last month. The unemployment rate stood at three-point-six percent in May down z...
2017-06-14 09:07:01 KST
top stories
00:47
President Moon on social media, "Establishing warless Korea is way to repay veterans' sacrifice"
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00:41
123 killed from oil tanker explosion in Pakistan
Over a hundred people were killed in Pakistan Sunday morning... when a...
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02:12
S. Korea-U.S. alliance at critical juncture to address threat from N. Korea: S. Korea's Foreign Minister
Commemorating the 67th anniversary of the outbreak of the Korean W...
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02:27
President Moon calls for job creation roadmap by end of August
The very first official meeting of a presidential committee solely d...
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North Korea looms large at U.S.-China security talks
The high-level security talks between United States and China focuse...
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02:00
Korea condemns Japan's 'repeated' and 'unjustified' claims over Korea's easternmost Dokdo Islands
Japan is accelerating another attempt to distort history by teach...
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02:09
Scientific probe concludes recent drone was sent from North Korea
South Korea's defense ministry announced on Wednesday that t...
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03:59
President Moon makes first disclosure of THAAD deployment timetable in initial S. Korea-U.S. agreement
(Korean) "North Korea is not yet capable, but judging from the sp...
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- President Moon on social media, "Establishing warless Korea is way to repay veterans' sacrifice"
- S. Korea-U.S. alliance at critical juncture to address threat from N. Korea: S. Korea's Foreign Minister
- 123 killed from oil tanker explosion in Pakistan
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- Trump accuses Obama of inaction over Russia's election meddling
- Prime Minister Lee honors veterans at Korean War ceremony
- South Korea marks 67th anniversary of start of Korean War
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- Prime Minister Lee honors veterans at Korean War ceremony
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