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01:50
S. Korea to create 20 global robotics companies by 2023: Pres. Moon
South Korea will become one of the top four countries in the robotics industry within the next five years. President Moon Jae-in announced that ambition on Friday on an economic tour of the city of Daegu, where he met with around 300 government officials, business leaders and scholars working in robotics. The presi...
2019-03-22 12:42:33 KST -
02:20
Hyundai Motor shareholders vote against Elliott dividend proposal
South Korea's largest automaker Hyundai Motor Group has been holding its annual shareholder's meeting this morning. Our business correspondent Kim Hye-sung is at Hyundai Motor's headquarters for more on this story. So Hyesung, what were some of the topics that were discussed? Ji-yoon, this was Hyundai Motor's 51...
2019-03-22 09:52:04 KST -
00:32
Asiana Airlines auditors suggest carrier only provided limited financial information
One of South Korea's two major carriers, Asiana Airlines, has received a 'qualified' audit opinion by its auditor suggesting the company might have provided limited financial information. This is according to Asiana Airlines' audit report posted on Friday. Asiana Airlines' auditor, Samil PricewaterhouseCoopers, expl...
2019-03-22 09:40:26 KST -
01:58
Pres. Moon promises more financial support for businesses with strong potential
President Moon Jae-in has promised to provide around 89 billion U.S. dollars to innovative small and mid-sized companies over the next three years, through the reform of credit rating procedures. This came during a meeting with business leaders and government officials in Seoul on Thursday, aimed at exchanging id...
2019-03-22 07:24:27 KST -
00:41
Market wrap up
Taking a look at the markets. Wall Street rose on Thursday, with advances in Apple shares helping to buoy sentiment. The Dow Jones Industrial Average jumped more than zero-point-eight percent to 25,962. The S&P 500 rose one-point-one percent tot 2,855 The Nasdaq soared over one-point-four percent to 7,839. In ...
2019-03-22 04:49:59 KST -
02:15
Fed keeps benchmark interest rate unchanged at 2.25-2.5% range
Following its two-day meeting, the Federal Open Market Committee announced Wednesday that it has left its benchmark interest rate unchanged at the target range of 2-and-a-quarter percent to 2-and-a-half percent. After raising rates for five consecutive quarters, the decision comes amid increasing concern about sl...
2019-03-21 18:08:41 KST -
00:28
BOK chief says Fed's decision eased uncertainties
The governor of the nation's central bank said the Fed's decision was more dovish than what the market had expected and that it helped ease uncertainties for Korean policymakers. But citing Brexit and the U.S.-China trade conflict Bank of Korea chief Lee Ju-yeol also mentioned, it's too early to talk about easing ...
2019-03-21 18:04:48 KST -
01:35
S. Korea's ICT exports slip in Feb. for 4th consecutive month
South Korea's exports of ICT products declined once again in February,mainly due to sluggish overseas sales of semiconductors. According to the data by the Ministry of Trade, Industry and Energy, a total of 12.7 billion U.S. dollars worth of ICT products were exported overseas last month,down 19 percent from ...
2019-03-21 18:03:48 KST -
00:28
South Korea to cut stock transaction tax by June
The Korean government is going to cut its tax on stock transactions to try and give a boost to the local equity markets. The finance ministry and the Financial Services Commission said Thursday that they will lower the trading tax starting by June from the current zero-point-3 percent to a quarter percent. That's fo...
2019-03-21 17:25:01 KST -
00:32
Number of wage workers up 213,000 y/y in 2018 Q3
The number of wage workers employed in the nation rose by 2-hundred and thirteen-thousand in the third quarter, last year. According to Statistics Korea's recent data, that's an increase of one-point-two percent on-year. The government's job stabilization fund has been credited with the creation of more jobs, espe...
2019-03-21 15:40:18 KST -
02:19
S. Korea celebrates its 46th 'Commerce and Industry Day'
There were cheers, laughter and rounds of applause. One-hundred-90 company leaders received awards and commendations from the government at a Commerce and Industry Day ceremony hosted by the trade ministry. South Korean government officials thanked them for their contributions to the local economy. (KOREAN- )...
2019-03-21 10:21:39 KST -
00:33
S. Korea's trade deficit in intellectual property rights hit record low in 2018
South Korea's trade deficit in intellectual property rights hit a record low last yearmainly due to strong exports of local game companies' franchise rights. According to the Bank of Korea on Thursday, the deficit was 720-million U.S. dollars in 2018. “This is sharply down from last year's 1-point-seven billion dol...
2019-03-21 09:50:38 KST
top stories
02:17
U.S. tightens its grip on N. Korea as neither side willing to budge in denuclearization talks
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01:50
S. Korea to create 20 global robotics companies by 2023: Pres. Moon
South Korea will become one of the top four countries in the robotics ...
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00:41
N. Korean leader's 'butler' in Moscow possibly to organize Kim Jong-un's summit with Putin
North Korean leader Kim Jong-un's close aide is in Moscow, possibly to...
Most Popular in News
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02:39
Researchers find geothermal power plant as a cause of Pohang earthquake
On November 15th, 2017,... residents of the city of Pohang had to ...
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01:27
The number of marriages fall to the lowest since the statistics recorded
The number of South Koreans getting married has fallen for the 7th...
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02:29
President Moon points out manufacturing sector that needs more push
A reality check by the president on the economy. President Moon...
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01:28
North Korea restarting missile, nuclear testing would have real impact on Trump: Bolton
White House National Security Advisor John Bolton admits a new m...
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02:42
Rival parties clash over Seoul's role following no deal Hanoi summit
Topping the agenda at Wednesday's parliamentary Q&A sess...
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Lastest News
- U.S. sanctions 2 Chinese firms for helping N. Korea evade sanctions
- S. Korea to create 20 global robotics companies by 2023: Pres. Moon
- U.S. tightens its grip on N. Korea as neither side willing to budge in denuclearization talks
- S. Korea conducts independent aerial observation to trace origins of fine dust
- Trump gave several options to Kim Jong-un on denuclearizing N. Korea: Bolton
- N. Korean leader's 'butler' in Moscow possibly to organize Kim Jong-un's summit with Putin
- Gov't to promote "smart medical treatment" to improve medical accessibility
- S. Koreans honor fallen soldiers on West Sea Defense Day
- Interpellation session to focus on education, culture, social affairs
- Brief cold snap here, continues through the weekend
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