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00:47
OECD projects gradual recovery for world economy
The world economy is on the mend, according to the OECD, which released its biannual growth outlook on Wednesday. The group of 35 nations projected that global GDP this year will grow by 3-point-five percent, and three-point-six percent next year, boosted by a recovery in trade, increased production as well a general...
2017-06-07 16:46:26 KST -
00:34
Offshore buying of KOSDAQ marks record-high in May in 13 years
Korea's main stock market, the KOSPI, has been performing nicely in recent weeks,. setting new highs on a consistent basis. But, it's not the only one. Foreign buying on the country's secondary tech-heavy KOSDAQ hit a 13-year high in May. Offshore investors snapped up 474-million U.S. dollars in KOSDAQ stocks last...
2017-06-07 11:56:26 KST -
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
Most Popular in News
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02:33
Cheong Wa Dae confirms President Moon's schedule for Wahsington trip
Just two days before he flies over to Washington for his first bi...
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02:10
President Moon embarks on four-day- trip to Washington D.C.
After a roughly 14-hour-flight, President Moon will arrive on Wedn...
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01:45
Seoul has no plan to reverse THAAD deployment: Kang
South Korea's foreign minister Kang Kyung-hwa made clear tha...
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02:55
How Moon and Trump coordinate North Korea policies is key to summit: Experts
With the controversy over THAAD looming large and their potentia...
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02:13
President Moon presides over Cabinet meeting for 1st time
Let's start with the first cabinet meeting chaired by the presi...
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