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EU imposes anti-dumping duties on e-bikes imported from China
The European Union is also set to impose heavy anti-dumping duties on Chinese electric bicycles to prevent the flooding of cheap imports. The European Commission says tariffs of between 21-point-eight percent and 83-point-six percent will be imposed on all e-bikes imported from China. That includes those made b...
2018-07-19 05:40:32 KST -
EU imposes safeguard measures on imported steel products
The EU will begin imposing provisional safeguard measures on imported steel products from Thursday to tackle the diversion of steel to the European market as a result of tariffs imposed by the U.S. An additional 25 percent tariff will be imposed on 23 steel products imported to the world's largest economi...
2018-07-19 05:12:34 KST -
Market wrap up
Taking a look at your markets. The S&P 500 hit a five-month high and the Dow rose for a fifth consecutive session on Wednesday as solid earnings boosted financial and industrial stocks. Pulling up the charts for you The Dow Jones Industrial Average rose around 80 points, or 0.3 percent, to 25,199. The S&...
2018-07-19 04:20:36 KST -
02:01
South Korean government set to spend more for underprivileged
As well as discussing economic growth and job creation, the South Korean government also promised to spend more on the underprivileged. The finance ministry announced on Wednesday that it will expand the number of low-income households eligible for earned income tax credit. The ministry said some 3.38 billi...
2018-07-19 04:20:08 KST -
01:59
Gov't lowers growth forecast to 2.9%, unveils economic policy plans
The government has cut its growth forecast for 2018 to two-point-nine percent, down from its three-percent projection last December,and in line with the Bank of Korea's revised growth forecast released last week. At the same time, the government slashed its annual job growth estimates by around half.from 32...
2018-07-19 04:20:08 KST -
02:01
Japan, EU signs trade pact that will eliminate nearly all tariffs on traded goods
Japan and the EU signed a landmark deal on Tuesday that will give birth to the world's largest open economic area. The ambitious trade pact will cover nearly 40 percent of global trade, 30 percent of the world's GDP and over six-hundred million people. Upon signing the agreement, which comes amid t...
2018-07-18 09:49:18 KST -
02:35
Tight regulations continue to discourage business growth in South Korea
Despite years of government efforts to remove red tape that hinders investment and employment,… a web of regulations continues to hamper business activities in South Korea, some even discouraging local firms from expanding. When smaller enterprises grow to become mid-sized enterprises they face some difficulti...
2018-07-18 09:43:48 KST -
00:36
ICT exports rise by double digits for 19th straight month in June
South Korean exports of ICT products posted double-digit growth for the 19th straight month in June.. to record their second highest ever monthly figures. thanks to strong overseas sales of semiconductors. According to the Ministry of Trade on Wednesday,… a total of 19-point-1 billion U.S. dollars of ICT products we...
2018-07-18 09:38:56 KST -
00:49
Fed Chairman Powell expects gradual rate hikes
The U.S. Federal Reserve will continue to increase interest rates as the U.S. economic outlook remains strong. Federal Reserve Chairman Jerome Powell delivered an upbeat assessment of the U.S. economy on Tuesday,. saying it justified further interest rate increases. Powell cited low unemployment and inflation clos...
2018-07-18 09:38:40 KST -
00:55
Market wrap up
Taking a look at your markets. Wall Street rose on Tuesday, with the Dow posting its fourth consecutive session of gains. Pulling up the numbers then The Dow Jones Industrial Average rose 55-and-ahalf points, or 0.2 percent, to end at 25,119. The S&P 500 gained eleven points, or 0.4 percent, to 2,809. The Nasdaq...
2018-07-18 04:14:26 KST -
02:50
Small shop owners, workers worried about minimum wage hike
Twenty-seven year-old Lim Seung-heon has been working part time jobs for the last seven years, mostly at restaurants and convenience stores. The 16-point-4 percent minimum wage hike this year meant he was taking home an extra 90 dollars a month, but he says the raise came at a price. (Korean) "Some empl...
2018-07-18 04:12:08 KST -
00:41
S. Korean trade minister leaves for North America to counter protectionism
Seoul's trade minister is on a trip to three countries -- Canada, the U.S. and Mexico -- as part of efforts to counter the Trump Administration's growing protectionism policies. Kim Hyun-jong will meet with Canada's foreign, Chrystia Freeland, on Tuesday, local time, to discuss joint strategies to respond to Americ...
2018-07-17 14:29:09 KST
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02:26
Ruling party, government discuss measures to support for people in low-income bracket
South Korea's ruling Democratic Party of Korea and the gover...
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S. Korean President Moon orders immediate submission of all documents related to military mobilization plan for crackdown allegedly drafted in late 2016
Our top story this morning... President Moon Jae-in has ordered the m...
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National Assembly speaker says S. Koreans demand constitution amendment
National Assembly Speaker Moon Hee-sang says he wants to reach a c...
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Gov't lowers growth forecast to 2.9%, unveils economic policy plans
The government has cut its growth forecast for 2018 to two-point-n...
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Korea marks 'Chobok', start of hottest period of summer
Seoul's first heatwave warning of the year was issued on Mon...
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Lastest News
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- Exchanges and cooperation between two Koreas gaining speed on various fronts - PART 1
- Market wrap up
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