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02:24
Bank of Korea keeps rate steady at 1.25% for May
The Bank of Korea has frozen its key rate for yet another month standing pat at a record low of one-point-two-five percent a figure that has remained unchanged since last June. The central bank says steady economic recovery played a big role in its widely-expected decision. The BOK pointed to strong exports, w...
2017-05-25 18:04:51 KST -
00:29
U.S. Federal Reserve eyes reversal of quantitative easing measures
The U.S. Federal Reserve is determined to reduce its bond holdings later this year, in an effort to scale back the monetary easing programs it embarked on, during the last recession. According to minutes from the Fed's May policy meeting, policymakers expressed a favorable view of letting a certain amount of maturi...
2017-05-25 12:00:01 KST -
00:29
Bank of Korea holds first monetary policy meeting of Moon administration
This just coming in The Bank of Korea has kept its key interest rate steady for May. It remains at a record low of one-point-two-five percent unchanged since last June. The central bank is taking a wait-and-see approach to gauge the health of the economy amid a slew of uncertainties at home and aboard. The dec...
2017-05-25 08:05:42 KST -
01:47
Moody's downgrades China's credit rating from Aa3 to A1
China has reacted angrily to Moody's downgrade of the country's credit rating from double-A-3 to A-1. Wednesday's one-notch cut was the first in nearly 30 years. With more on this and other news around the world we turn to Ro Aram Aram.. Moody's decision could be seen as a warning to Beijing that its growth model is...
2017-05-25 07:18:43 KST -
00:53
Stocks
U.S. shares closed slightly higher on Wednesday after the release of the minutes of the Federal Reserve's latest meeting pointed to a looming rate hike. The minutes boosted investor sentiment showing the economy is picking up recovery momentum. Korean stocks gained for the fourth straight day, ending at an all-time h...
2017-05-25 04:56:54 KST -
00:32
KOSPI hits record high for third consecutive session
The Korean stock market closed at a record high for the third straight session thanks to strong institutional buying. The KOSPI finished at above 23-17,..up about a quarter of a percent. Individual and foreign investors offloaded 106 million U.S. dollars worth of shares, while institutions snapped up stocks worth...
2017-05-24 20:25:49 KST -
00:30
Moody's downgrades China's credit rating from Aa3 to A1
Credit ratings agency Moody's has downgraded China's credit rating from double-A-3 to A-1. This is based on expectations of slower growth caused by the government's reform initiatives and the anticipated rise of debt levels across all sectors of the Chinese economy. However, the ratings agency shif...
2017-05-24 14:00:01 KST -
01:22
Korean gov't to supply eggs and chicken to stabilize prices
The price of eggs and chicken in Korea should finally stabilize in the coming weeks, after about a third of the domestic poultry supply was wiped out last year by a severe bird flu outbreak. The agriculture ministry says it plans to supply four to five million eggs in the first two weeks of June -- at a price 30 pe...
2017-05-24 14:00:01 KST -
00:38
Agriculture ministry aims to stabilize chicken and egg prices
The price of eggs and chicken in Korea should finally stabilize in the coming weeks, after a severe bird flu outbreak wiped out around a third of the domestic poultry supply -- causing prices to more than double. Korea's agriculture ministry says it plans to supply four to five million eggs in the first two weeks of...
2017-05-24 08:49:42 KST -
01:17
KOSPI hits new high in Tuesday trading
Korea's benchmark index, the KOSPI, reached an all-time high of 2-thousand-326 during mid-day trading on Tuesday up 9 tenths of a percent from Monday, when the KOSPI closed above 23-hundred for the first time on massive foreign buying. This time, though, the gains were led by local institutions which snapped up n...
2017-05-23 19:58:35 KST -
00:47
Household debt rises in Q1 to fresh record high
And another record high, this time for borrowing by Korean households. According to the Bank of Korea, households in the first quarter of this year took on debts worth 17-trillion won, or over 15-billion U.S. dollars, a jump of over 11-percent on-year. A double-digit rise from a year before, but from the previous q...
2017-05-23 14:55:16 KST -
00:42
Stocks
U.S. stocks rose on Monday after President Trump sealed a 110-billion dollar arms deal with Saudi Arabia that pushed up defense companies' shares. Here in Seoul, the benchmark Kospi breached the 23-hundred level for the first time on the back of foreign buying and mounting expectations the new Moon administration will...
2017-05-23 05:03:10 KST
Most Popular in News
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02:20
Former President Park Geun-hye makes appearance at first hearing in corruption trial
Korea's first-ever impeached president Park Geun-hye attended her fi...
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01:52
President Moon orders probe into environmental project by former administration
According to the presidential office on Monday, the investigation ...
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01:54
President Moon's advisory committee tasked with creating future policies for gov't
A small signboard hanging ceremony signaled the launch of an advis...
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00:53
UN Security Council adopts statement condemning North Korea's latest missile test
We start with some news just coming in... For the second time in two ...
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02:38
South Korea seeks to increase civilian-level exchanges while going firm against North Korea's provocations
President Moon Jae-in's policy of engagement seems to be getting i...
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