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02:50
Corporate and income tax hikes for "super-rich" brackets to support job and income-led growth
Job creation, fair income distribution and bankrolling government expenditures. These are the three pillars of the Korean government's tax revision plan, supporting its five-year policy roadmap of income-driven growth. (Korean) "To achieve an economic paradigm shift, away from low-growth and pol...
2017-08-03 07:25:19 KST -
02:29
Gov't announces new measures to tackle rising house prices
During a briefing with reporters this afternoon, the minister of land, infrastructure and transport, Kim Hyun-mi announced new measures aimed at reining in speculative investments in the housing market. Before she began, the minister stated that the government will not approve in any way the use of real estate s...
2017-08-03 07:25:18 KST -
00:55
stocks
Taking a look at how the markets fared on Wednesday,. Stocks on Wall Street, making history-- with the Dow Jones Industrial Average cracking the 22-thousand mark for the first time. It closed at 22,016-point-two-four, up around a quarter-of-a-percent, powered by Apple's healthy quarterly iPhone sales. The Nasdaq a...
2017-08-03 05:08:43 KST -
02:05
Moon's second round of housing measures to tackle property bubble concerns
It was one of the first acts of the Moon administration the month after it came came into office. New housing measures were introduced in June to tackle the rising house prices in Korea, especially in Seoul. However they had little to no effect. In fact, apartment prices in Seoul were seen to be falling before t...
2017-08-03 04:08:36 KST -
00:30
Power consumption increases by 1.0% in Q2
The nation's power usage rose slightly in the second quarter, mainly due to an rebound in the industrial sector. The Ministry of Trade, Industry, and Energy says the amount of electricity used over the April to June period rose 1-percent on-year. Commercial consumption rose by 1-point-9 percent while industrial con...
2017-08-02 14:22:05 KST -
00:37
Samsung Electronics defends no. 1 spot in smartphones
Samsung Electronics has defended its spot as the world's top smartphone maker by market share despite a slight tick down. Strategy Analytics says Samsung Electronics shipped out 79-point-5 million smartphones worldwide in the second quarter, holding onto its 22 percent global market share. Second place Apple had...
2017-08-02 12:56:12 KST -
00:35
Bitcoin splits into two to create the new 'Bitcoin cash'
The virtual currency, Bitcoin, has split into two,… generating a clone currency called 'Bitcoin cash'. People who held Bitcoins now have access to an equal amount of 'Bitcoin Cash' for free. The new currency has all of Bitcoin's transaction history, as well as the same amount of coins. ...
2017-08-02 12:01:03 KST -
02:29
Gov't vows to lower consumer prices by October
The government has vowed to push for strong measures aimed at stabilizing consumer prices. During a vice-ministerial meeting on Tuesday, Korea's finance ministry announced it will attempt to cut prices for farm and fishery products by as much as 50 percent by early next month, stressing how the cost of livi...
2017-08-02 07:23:27 KST -
02:35
Exports in July jump nearly 20 percent as Korea expands its global trade
It seems Korea's export boom is continuing, as the country diversifies its outbound shipment destinations. The trade ministry on Tuesday said, exports grew 19.5 percent on-year in July, hitting 48 billion U.S. dollars. That's the ninth-consecutive month of export growth for the country. Imports also s...
2017-08-02 07:23:27 KST -
00:48
Market roundup
Now to the closing market figures--- Wall Street rallied until the last minutes of trading Tuesday, with the Dow Jones Industrial Average flirting with 22-thousand mark, powered by Goldman Sachs, JP Morgan Chase and other banks. It closed at a new record high of 21,963-point-nine-two, up a-third-of-one percent. ...
2017-08-02 05:32:15 KST -
00:33
Latest update to Bitcoin makes investors in the virtual currency anxious
Bitcoin investors are feeling anxious after devolopers announced an update to the virtual currency. It had enjoyed a blistering first half of the year, where its value rose from around one-thousand U.S. dollars a coin to near two-thousand five hundred. But many experts have speculated Bitcoin's price is li...
2017-08-01 12:06:14 KST -
00:32
Samsung grab 21% of global handset market with robust sales of the Galaxy S8
Samsung Electronics' handsets marked a record-high average sales price in three years. Strategy Analytics said on Tuesday that the average sales price of the handsets came to 2-hundred-35 U.S. dollars, up five percent on-year. The average price had previously been falling, in part due to the Galaxy Note 7&apo...
2017-08-01 11:51:10 KST
top stories
00:57
Pres. Moon to answer public's questions regarding government's new policies and reforms
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01:56
S. Korea-U.S. to kick off 10-day joint military drill starting Monday
The Ulchi Freedom Guardian exercise which will run from August 21s...
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01:10
President Moon vows to reform defense while congratulating new chairman of JSC
Earlier, President Moon attended the inauguration ceremony for the new...
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03:01
North Korea's completion of ICBM tipped with nuclear warhead is President Moon's "red line"
Never again a war on the Korean peninsula... said South Korean Presi...
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02:19
Korea-U.S. FTA joint committee to launch special session next Tuesday
It looks like the South Korea-U.S. free trade agreement could soon be ...
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01:46
Government announces final results of eggs inspection
The government announced, at 4 p.m. Friday, that it has completed ...
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01:39
Government error fuels confusion over tainted egg scare
The nationwide operation to collect and discard of contaminated eg...
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01:40
14 dead, 100+ hurt in Barcelona van terror attack; 2 suspects arrested
Over in Barcelona, 14 people are killed and hundreds more injured afte...
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Lastest News
- President Moon addresses nation over People's Transition Committee's assessments
- Top U.S. commanders visit S. Korea to observe joint military exercises
- Weather
- Government's additional probe into egg farms underway Sunday
- President Moon vows to reform defense while congratulating new chairman of JSC
- S. Korea-U.S. to kick off 10-day joint military drill starting Monday
- Pres. Moon to answer public's questions regarding government's new policies and reforms
- Korea's exports grow at fastest pace among world's top 10 exporters in Q2
- Investment soared among top 30 conglomerate groups in H1
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