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01:49
Korea's trade surplus with U.S. drops 30% from Jan. to Apr.
It seems Korea's trade surplus with the United States has taken a major trim. Figures from the U.S. Department of Commerce show that even though America's overall imports rose by seven percent from January to April, shipments coming from Korea fell 2-point-one percent to 23 billion U.S. dollars. And the other way...
2017-06-07 11:56:26 KST -
00:41
Wages lag behind rate of economic growth: Finance ministry
Wages in Korea haven't been growing at the same pace as the economy for the last five years, according to data from the finance ministry. In companies that employ five or more full-time workers, monthly wages grew at an average rate of two-point-four-six percent, while the country's economy expanded by two-point-eig...
2017-06-07 11:56:26 KST -
00:41
South Korea's trade surplus with U.S. plummets 31 percent over first four months of 2017
South Korea's trade surplus with the United States took a sharp plunge over the first four months of this year. According to the U.S. Department of Commerce, South Korea's surplus between January and April was tallied at seven-point-nine billion U.S. dollars, down 31 percent on-year. Over the cited period, South Ko...
2017-06-07 08:16:25 KST -
00:51
Stocks
U.S. shares closed lower on Tuesday as investors hedged their bets ahead of key political and economic events set for later this week. And for a similar reason, European markets also ended down. Investors are waiting for the European Central Bank's policy meeting, Britain's general election as it gears up to exit fro...
2017-06-07 05:43:05 KST -
00:38
Seoul court rules against plaintiffs in damages suit against Volkswagen
Finally some good news for troubled German auto giant Volkswagen. A local court has ruled against more than 40 Koreans who sued the automaker's local unit for infringing on their right to health by rigging emissions data. Officials say the Seoul Central District Court decided there was insufficient evidence to corr...
2017-06-07 04:08:46 KST -
00:50
S. Korea's tourism revenue sinks on China's THAAD retaliation
China's economic retaliation against South Korea over the government's decision to deploy a U.S. missile defense system here has taken a gigantic toll on the country's tourism industry. Data released by the Bank of Korea shows tourism revenue slumped by around eleven percent to just under one billion U.S. dollars in...
2017-06-07 04:08:46 KST -
02:47
Gov't unveils supplementary budget plan for jobs for National Assembly review
Creating quality jobs for everyone is the overarching theme of the government's supplementary budget plan. The finance ministry has drawn up a proposal to inject nearly ten billion U.S. dollars into the employment market. A third of it will be allocated to directly creating new jobs -- 71,000 of them in...
2017-06-05 20:23:26 KST -
00:29
Korea posts current account surplus for 62nd consecutive month in April
Korea posted a current account surplus for the sixty-second month in a row in April. The Bank of Korea says the surplus stood at four billion U.S. dollars in April thanks in part to a surge in ship and semiconductor exports. Asia's fourth-largest economy saw its outbound shipments soar more than 24 percent...
2017-06-05 14:16:10 KST -
00:44
Korea's foreign reserves rise for third straight month to US $378 bil. in May
South Korea's foreign exchange reserves grew for the third straight month in May, breaking a new record in the process. The Bank of Korea says the country's FX reserves reached a record 378 billion U.S. dollars at the end of May, up nearly one-point-nine billion from the previous month. It beats the previous record...
2017-06-05 11:59:50 KST -
00:40
Chinese cruise passengers to Incheon down 21.5% y/y in May-Jan.
China's restrictions on its citizens traveling to South Korea have taken a toll on the local tourism industry. According to Incheon Port Authority, from January to May this year the overall number of Chinese nationals traveling to Incheon by cruise ship fell to around 23-thousand, a 20-percent drop from the same peri...
2017-06-05 09:57:53 KST -
02:37
Gov't unveils supplementary budget plan for jobs for National Assembly review
Creating quality jobs for everyone is the overarching theme of the government's supplementary budget plan. The finance ministry has drawn up a proposal to inject nearly ten billion U.S. dollars into the employment market. A third of it will be allocated to directly creating new jobs -- 71-thousand of them in ...
2017-06-05 07:14:19 KST -
00:40
Bank of Korea says nation needs to look overseas to sustain economic recovery
The central bank is warning that South Korea must look to the United States and other developed markets for exports so its economy isn't left behind. The Bank of Korea's report recommends the government introduce policies to help increase exports, as it forecasts the economies and trade volume of these countries wil...
2017-06-05 03:57:44 KST
top stories
00:35
U.S. officials say North Korea tested rocket engine that could power ICBM
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00:38
South Korea's exports, imports rose for seventh straight month in May
South Korea's exports AND imports rose for the seventh month in a row ...
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00:59
South Korea to review 2015 wartime sexual slavery agreement: Foreign Ministry
South Korea is set to start reviewing the widely-disliked agreement re...
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02:43
President Moon says his policy is not at odds with Trump's
A freeze of North Korea's nuclear and missile programs must precede an...
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02:31
Seoul, Beijing discuss patching frayed relations
In what could be a thaw in frayed Seoul-Beijing relations,... Sou...
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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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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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01:55
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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Lastest News
- South Korea to review 2015 wartime sexual slavery agreement: Foreign Ministry
- U.S. officials say North Korea tested rocket engine that could power ICBM
- U.S. dismisses suggestion of freeze on S. Korea military drills in exchange for N. Korean nuclear program
- Governments and all sectors of society must come together to address refugee crisis: UNHCR Korea chief
- Trump says he has no tapes of Comey conversations
- Heat remains through the weekend
- EU summit: British PM May offers to protect EU citizens' rights
- Continued drought causes water shortages and insect problems across Korea
- Former President Park's confidante Choi Soon-sil sentenced to 3 years behind bars
- President Moon orders road to Blue House be open to public 24/7
North Korea
U.S. dismisses suggestion of freeze on S. Korea military drills in exchange for N. Korean nuclear program
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