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02:01
Korea's unprecedented 10 day holiday boosts spending
Korea hasn't seen a break this long in a while; many residents are off work from September 30th to October 9th, a period including the Chuseok thanksgiving holiday and two other national holidays. What's dubbed the 'Golden Holiday', is for many, also the time to open up their wallets. (st...
2017-10-07 12:14:19 KST -
00:39
IMF warns sustainability of G20 growth is ‘not guaranteed’
The International Monetary Fund and the World Bank will convene annual meetings next week with member states, and as a preview the IMF has released a report on the health of the world's largest economies. In the report released Friday, the IMF calls on G20 countries to address slowing growth and productivity,...
2017-10-07 12:14:19 KST -
01:46
ITC finds U.S. washing machine makers hurt by Samsung, LG imports
The U.S. International Trade Commission unanimously ruled on Thursday that domestic producers are being harmed by surging washing machine imports from Samsung Electronics and LG Eletronics. This comes after American appliance giant Whirlpool called for measures to stop its Korean rivals from flooding the local ma...
2017-10-06 18:09:54 KST -
00:52
ITC finds U.S. washing machine makers hurt by Samsung, LG imports
Let's start things off on the trade front. The U.S. International Trade Commission unanimously ruled on Thursday that domestic producers are being harmed by washing machine imports from abroad. This comes after American appliance giant Whirlpool called for measures to stop its Korean rivals such as Samsung and LG f...
2017-10-06 07:22:27 KST -
02:21
Korea, U.S. agrees to amend bilateral FTA
Korea and the United States agreed to amend their bilateral free trade agreement to further strengthen mutual benefits after a second round of talks held between Trade Minister Kim Hyun-chong and his U.S. counterpart Robert Lighthizer in Washington. The Ministry of Trade, Industry and Energy says the two sides agr...
2017-10-06 06:55:20 KST -
00:49
Korea's electric car market grown by nearly four times in just a year
Korea's electric-car market has grown nearly four-folds in the span of a year. The trend is mainly driven by the surging popularity of EVs made by local carmakers. According to the Korea Automobile Manufacturers Association, over 72-hundred of these green vehicles were sold in the nation during the first eight mont...
2017-10-05 12:15:32 KST -
00:41
Kia marks record-high monthly sales in U.S. during Sept.
Korean automaker Kia Motors now has reason to celebrate, after falling on hard times in recent months. Kia said on Wedensday, its sales in the U.S. last month was the highest-ever recorded for the month of September in any year. The automaker's U.S. subsidiary said it sold a total of 52-thousand-470 cars last month...
2017-10-05 09:33:08 KST -
02:46
Trend of Chuseok gift sets in time for one-year anniversary of Kim Young-ran Act
Fruits packed in boxes, canned spam gift sets, cooking oil, and mixed nuts. They're all out on display for Chuseok, Korea's Thanksgiving holiday. But what's different about this year's holiday, is that it also marks one year since the Improper Solicitation and Graft Act, better known as the 'Kim Young-ran Act,' was ...
2017-10-02 12:54:10 KST -
01:55
S. Korea's export reaches all-time high in September
According to the trade ministry, Korea's exports reached an all-time high in September… with outbound shipments totaling 55-point-one-billion U.S. dollars. That's the biggest amount since export figures were first compiled in 1956, easily surpassing the previous record of 51-point-six billion set in October 2014. ...
2017-10-01 14:44:43 KST -
01:52
Questions raised whether long Chuseok holiday could boost domestic consumption
To buy or not to buy, that is the question that many consumers have to ponder when spotting a new pair of shoes or the latest VR headsets during the annual Korea Sale Festa. This year, the festival features the most number of participating retailers and department stores to date, aiming at boosting the country&apo...
2017-10-01 12:14:07 KST -
00:43
Korea's exports rise 35% in September to US$ 55.1 bil.
Korea's exports surged to an all-time high in September, thanks to strong sales of semiconductors and displays. The trade ministry says outbound shipments came to 55-point-1 billion U.S. dollars last month, up more than 14 billion dollars from a year earlier. Exports surged past the previous record set three years a...
2017-10-01 10:32:29 KST -
00:37
College grads account for 49.1% of Korea's unemployed
New data shows nearly half of Korea's 1 million unemployed people have a college degree. According to Statistics Korea, as of August, the figure was at 491 thousand, or 49-point-1 percent, and from a year earlier, the number of unemployed college grads was up 13 percent. Most of them have four-year degrees while abo...
2017-10-01 10:12:53 KST
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02:21
President Moon details plan to create 810,000 public sector jobs
The Moon administration's roadmap for creating more jobs in the pu...
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02:38
South Korea, U.S. and Japan pledge to explore all diplomatic solutions on North Korea
South Korea's vice-foreign minister held a meeting in Seoul with hi...
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04:55
WTO panel rules on Korea's ban on Japanese seafood
September 28th. Banners and calls for government action at Seoul's G...
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N. Korean propaganda channel renews threat after period of relative calm
Breaking a month-long silence, North Korea is back with its war rh...
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National Assembly rumbles on with parliamentary audit
Rival party lawmakers headed to the Gyeryongdae military compound ...
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