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01:56
Economic impact of ballistic missile launch to be "limited": Financial authorities
South Korea's economic and financial authorities sat down for a joint meeting on Wednesday to assess the economic impact of North Korea's ballistic missile launch and discuss how best to respond to it. They say the missile launch on Tuesday is not expected to have much impact on the Korean economy just as previous...
2017-07-05 20:01:30 KST -
00:35
Korea's foreign exchange reserves hit record high
South Korea's foreign exchange reserves have reached a new all-time high, the second month in a row they've set a new record. The Bank of Korea says the country's foreign currency reserves stood at a little over 380-point-5 billion dollars in June, an increase of more than two billion dollars in just a month. A wea...
2017-07-05 15:19:19 KST -
00:43
Korea's current account surplus falls in May
South Korea's current account surplus narrowed sharply in May. The Bank of Korea said Wednesday that the surplus stood at five-point-nine-four billion U.S. dollars. That's 40 percent lower compared to the same month last year. It's due mainly to a rise in international oil prices and falling tourist numbers, as t...
2017-07-05 11:57:04 KST -
00:33
New industry export goods hit 30 billion U.S. dollars in the first half of 2017, account for 11% of total exports
New industry products led Korea's export growth in the first half of this year, surpassing 30 billion U.S. dollars. The Ministry of Trade, Industry, and Energy said Wednesday, eight new industries including next-generation semiconductor, display, energy, biohealth and aerospace accounted for more than 11 percen...
2017-07-05 11:56:04 KST -
02:26
Korean shoppers worry about surging food prices amid drought and AI outbreak
Korea's consumer prices in June rose one-point-nine percent from the year before, according to data from Statistics Korea. Much of the inflation was attributed to spiking fresh food prices in the wake of a recent drought and an Avian Influenza outbreak. The price of eggs alone have jumped almost 70 perc...
2017-07-05 06:24:25 KST -
01:39
Global investment banks raise Korean economy growth outlook to close to 3%
Global investment banks raised their growth forecasts for the Korean economy to nearly three percent, according to the Korea Center for International Finance Tuesday. The move comes just a day after the National Assembly Budget Office revised their growth outlook by 0.2 percentage points to 2.9%. Barclays, Morga...
2017-07-04 21:29:28 KST -
02:31
Korean shoppers worry about surging food prices amid drought and AI outbreak
Korea's consumer prices in June rose one-point-nine percent from the year before, according to data from Statistics Korea. Much of the inflation was attributed to spiking fresh food prices, which have continued to surge in the wake of a recent drought and an Avian Influenza outbreak. The price of eggs alone h...
2017-07-04 16:00:09 KST -
00:43
Korea will be prepared for effects of stimulus tapering in advanced economies: BOK chief
The head of the Bank of Korea says the local economy will be fully prepared for any side effects that could result from advanced economies tapering their monetary stimulus. Meeting with several economic experts on Tuesday, BOK Governor Lee Ju-yeol cited comments made by major central banks like the U.S. Fed about re...
2017-07-04 15:01:46 KST -
01:24
Global investment banks raise Korean economy growth outlook to close to 3%
Global investment banks raised their growth forecasts for the Korean economy to nearly three percent, according to the Korea Center for International Finance Tuesday. The move comes just a day after the National Assembly Budget Office revised their growth outlook by 0.2 percentage points to 2.9%. Barclays, Morg...
2017-07-04 11:57:44 KST -
01:46
Consumer prices grow 1.9% y/y in June on surging food prices
Korea's consumer prices in June jumped one-point-nine percent from the year before, according to new data from Statistics Korea. Much of the inflation was driven up by spiking fresh food prices, which have continued to surge from the impact of the recent drought and the Avian Influenza outbreak. The price...
2017-07-04 11:57:44 KST -
00:30
Korea's double income household rate with a child under 14 years old is half of OECD average
Fewer families in Korea are supported by double incomes than the OECD average. According to the Ministry of Employment and Labor among homes with at least one child younger than age 14 a little under 30 percent have two breadwinners. That's just half of the OECD average of around 59 percent. The ministry add key c...
2017-07-03 20:03:10 KST -
00:34
84% of SMEs support extra budget for job creation: Survey
The Moon administration's extra budget proposal receives overwhelming support from small and mid-sized businesses. A survey by the Korea Federation on 220 SMEs shows almost 84 percent are in favor of the supplementary budget. Over 40-percent believe it will create jobs and alleviate the labor shortage while 25 expr...
2017-07-03 20:03:09 KST
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03:14
South Korea's Moon administration showcases key policy goals for next five years
It's called a "concert." A "Policy Roadmap Con...
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01:57
President Moon changes stance on transfer of OPCON from 'within his term' to 'soon as possible'
There has been a last minute change to one of President Moon Jae-i...
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02:31
President Moon asks for bipartisan support in getting legislative affairs move forward
President Moon had a lunch meeting with the leaders of the major...
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01:42
National Assembly passes government reorganization bill
After a long-delayed debate in parliament, rival political parti...
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01:55
North Korea fails to respond to Seoul's proposal for military talks
Seoul's proposed inter-Korean military talks were scrapped on Frid...
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