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Stampede at Indonesia football match leaves at least 174 dead and 100 injured

Stampede at Indonesia football match leaves at least 129 dead and 180 injured

U.S. on Saturday denounces N. Korea's launches of ballistic missiles

Figure skater Cha Jun-hwan wins silver in season debut at Nepala Memorial

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Hyundai Mobis CEO becomes first Korean ISO president

The CEO of South Korea's auto parts maker Hyundai Mobis has been elected the next president of the world's largest standards organization. According to the Ministry of Trade, Industry, and Energy on Th...

2022-09-23 13:11:14 KST
00:51
Bank of England raises interest rates by 0.5%p to 14-year high of 2.25%

In the U.K. The Bank of England has raised its benchmark interest rate by 50 basis points to 2-point-2-5 percent to rein in the country's worst inflation in 40 years. Now this is the highest rate in ...

2022-09-23 12:04:41 KST
00:46
Hyundai Mobis CEO becomes first Korean ISO president

The CEO of South Korea's auto parts maker Hyundai Mobis has been elected as the next president of the world's largest standards organization. According to the Ministry of Trade, Industry, and Energy on...

2022-09-23 10:21:39 KST
02:21
Fed raises rates by another three-quarters of a percentage point, vows more hikes to tame inflation

Facing the worst inflation in the United States in some 40 years the Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points for the third time in a row. In a press conferenc...

2022-09-22 17:17:37 KST
02:00
S. Korean won crosses USD/KRW 1,400 on Thursday, following Fed's rate hike

Following the Federal Reserve's rate hike, the South Korean currency has plunged to its lowest level against the greenback in almost 13-and-a-half years. Stocks also slid amid expectations of more siza...

2022-09-22 17:16:40 KST
02:21
S. Korea under growing pressure following U.S. interest rate hike of 0.75%p

In light of the Federal Reserve's decision to hike rates quite sharply for the third consecutive time, the Bank of Korea is under even greater pressure to act decisively as it heads toward its own rate-...

2022-09-22 13:32:02 KST
02:11
S. Korea-U.S. to continue discussions to find solution to Inflation Reduction Act

South Korea's Trade Minister, Lee Chang-yang met on Wednesday in Washington with the U.S. Secretary of Commerce to discuss a number of issues, but most importantly, the recently-approved U.S. Inflation ...

2022-09-22 13:31:05 KST
08:46
Global market wrap-up

Time now for an in-depth look at the market news this afternoon. And for that, I'm joined on the line by Dr. Yang Jun-seok, Professor of Economics at the Catholic University of Korea. Professor Yang, ...

2022-09-22 13:29:52 KST
Korean currency weakens to below 1,400 mark for first time in over 13 years after Fed rate hike

The South Korean won weakened to below the 14-hundred mark against the greenback on Thursday for the first time in more than 13 years during intraday trading. As of 10:31 AM, it was trading at 1-thousa...

2022-09-22 12:55:50 KST
00:36
Korean currency weakens to below 1,400 mark for first time in over 13 years after Fed rate hike

And in response to the Fed's most recent rate hike the South Korean currency lost further ground against the greenback. At one point during early morning trade on this Thursday the exchange rate surged...

2022-09-22 12:10:30 KST
15:41
IMPLICATIONS OF U.S. FEDERAL RESERVE'S LATEST RATE HIKE OF 0.75%

The U.S. Federal Reserve has delivered its third consecutive giant step of a 75-basis-point rate hike to curb soaring inflation and has hinted at the possibility of additional hikes in November and Dece...

2022-09-22 09:12:52 KST
15:12
GI: Air Asia CEO, Tony Fernandes, shares his insights on future of airline industry and South Korea as a hub

It's time for Global Insight. I'm Kim Do-yeon, filling in for Oh Soo-young. COVID-19 hit industries across the world, but airline companies were hit harder than others as countries locked down their b...

2022-09-22 06:41:41 KST

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