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00:47
Kospi continues 7-day streak of record highs at 2450 pts.
After a seven-day streak of breaking records, Seoul's shares finished the week with yet another record-high, topping the 24-50 mark for the first time. South Korea's benchmark KOSPI closed at 2-thousand 4-hundred 50 point-0-6 points -- up 8-point-2-2 points from Thursday. The seven days of consecutive records is ju...
2017-07-21 15:48:18 KST -
00:41
U.S. charge d'affaires calls for balanced relationship between the U.S. and Korea
The acting U.S. ambassador to South Korea says that a fair and balanced relationship is needed to keep the economic flow between the U.S. and Korea. The charge d'affaires Marc Knapper, during his speech at the 42nd Jeju Forum, hosted by the Korea Chamber of Commerce and Industry, said Korea is an important trade par...
2017-07-21 15:48:12 KST -
00:37
European Central Bank holds rates steady, but hints at possible stimulus easing in fall
The European Central Bank has once again frozen rates at zero-percent and left the language unchanged on its massive stimulus program. The ECB announced its decision on Thursday local time, after holding a regular policy meeting in Frankfurt. In its policy statement, the ECB said it will continue to inject some 60...
2017-07-21 14:24:39 KST -
01:09
Stocks
Taking a look at the markets It was a rather uneventful day on the U.S. exchanges. Stocks ended virtually unchanged on Wall Street on Thursday. The Dow edged down 29 points, or zero-point-one percent, to 21,61, the S&P 500 was essentially unchanged, closing at 2,473 and the tech-heavy NASDAQ edged up zero-point-on...
2017-07-21 04:16:17 KST -
00:36
KOSPI closes at another record of 2441.84
For the sixth straight session, Korea's benchmark index closed at a record high on Thursday. At the closing bell, the KOSPI was up POINT-4-9 percent finishing the day at 2-thousand-4-hundred-41, while the tech-heavy KOSDAQ rose. point-7-4 percent. to 6-hundred-76. After initially see-sawing between gains and losses...
2017-07-20 20:00:31 KST -
00:42
New initiatives will focus on jobs, income and innovation: Finance Minister
The government's new economic policies will aim to spark a "paradigm shift" in the South Korean economy, boosting jobs and income, as well as driving innovation. That's according to Finance Minister Kim Dong-yeon who held his second economy-related meeting for ministers on Thursday. Kim said the economy is still st...
2017-07-20 14:12:12 KST -
00:31
Wall Street share indexes close at record high on strong corporate earnings
Wall Street shares climbed to record highs on Wednesday, on the back of strong second-quarter corporate earnings. The Dow Jones Industrial Average rose zero-point-three percent, while the tech-heavy NASDAQ gained zero-point-six-four percent, and the S&P 500 finished zero-point-five-four percent higher. All three in...
2017-07-20 08:40:09 KST -
00:49
Stocks
Taking a look at the markets It was some day on Wall Street on Wednesday with the Dow, the S&P 500 and the Nasdaq ALL hitting record highs. The Dow rose 66 points, or zero-point-three percent, to 21,640, the S&P 500 gained more than half-a-percent to 2,473. and the Nasdaq added more than zero-point-six percent to 6...
2017-07-20 04:18:06 KST -
00:39
China's boycott of S. Korean products hits Korean agricultural exports to China
South Korea's food and agricultural exports to China tumbled in the first half of the year amid Beijing's ongoing economic retaliation against the deployment of the THAAD missile defense system. According to the Ministry of Agriculture, Food and Rural Affairs, China-bound shipments slumped eleven-point-f...
2017-07-20 03:43:58 KST -
00:33
Korean gov't to strengthen quarantine on American beef after detection of mad cow disease in Alabama
Korea plans to strengthen its quarantine on American beef after mad cow disease was detected in Alabama on Tuesday. The agriculture ministry says it will expand its examination of imported American beef from the current 3-percent to 30-percent. The ministry added that Korea doesn't import any beef from Alabama, but...
2017-07-19 18:19:58 KST -
00:46
Tumbling oil prices continue to push down costs for producers in June
The cost of producing goods and services in Korea has declined for the fourth consecutive month, as global oil prices continue to slide. Korea's central bank says producer prices in June fell zero-point-four percent from the month before. The prices of coal and petroleum products dropped 4-percent on-month, while a...
2017-07-19 13:34:36 KST -
02:13
Korea's Fair Trade Commission proposes new measures to root out injustice in franchise market
Korea's Fair Trade Commissioner Kim Sang-jo is taking steps to ensure fair business practices in the food franchise industry. The local food franchise market has been expanding at a rapid rate, with the number of franchise operators jumping by four-fold and that of franchisees doubling to nearly 220-thousa...
2017-07-19 07:29:05 KST
Most Popular in News
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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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02:30
National Assembly fails to pass extra budget bill, government reorganization proposal
The government's multi-billion dollar extra budget bill and ...
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03:48
South Korean President Moon holds rare meeting with political party leaders, to brief the nation on key policy directions in the afternoon
President Moon Jae-in, on this Wednesday lunch time, is meeting with l...
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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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Lastest News
- Getting muddy at the 2017 Boryeong Mud Festival
- Moon administration's first finance strategy meeting comes to an end
- Parliament expected to reach ageement on passing supplementary budget bill
- White House releases President Trump's six-month achievements
- Kospi continues 7-day streak of record highs at 2450 pts.
- N. Korea's economy grows 3.9% in 2016 on-year, fastest pace in 17 years
- U.S. charge d'affaires calls for balanced relationship between the U.S. and Korea
- Scorching hot weather continues, expect rain over the weekend
- Seoul forced to play waiting game as Pyongyang puts up a wall of silence
- Korea strengthens inspections on American beef due to mad cow disease scare
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