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00:40
South Korea's terms of trade fell to 3-year low in April on higher oil prices
Imports got more expensive for South Korea last month. The country's terms of trade index fell to a three-year low mainly due to higher crude oil prices. The index measures the unit-for-unit price of imports in terms of the country's own exports. According to the nation's central bank, it came to 96-point-2-6, a d...
2018-05-25 14:27:47 KST -
00:42
U.S. court orders Samsung Electronics to pay $539 million to Apple for patent infringement
A U.S. court ordered Samsung Electronics to pay a total of 5-hundred-39 million dollars to Apple in compensation for design patent infringement. A California court made the ruling Thursday, some seven years after the patent battle between the two giants broke out. Apple sued Samsung for "slavishly" copying its smar...
2018-05-25 13:48:30 KST -
00:51
Thursday's market wrap up
Taking a look at the markets. Wall Street ended down slightly on Thursday after President Trump canceled the North Korea-U.S. summit and ordered a probe of auto imports. The Dow Jones Industrial Average shed 75 points or zero-point-three percent to 24,811. The S&P 500 was down zero-point-two percent while the Nasd...
2018-05-25 05:47:21 KST -
Interview with African Development Bank President
President of the African Development Bank, Akinwumi Adesina. Thank you for joining us. It's a great pleasure to be with you. 1. “Accelerating Africa’s Industrialization” is the theme for this year's African Development Bank annual meeting in South Korea. What made you select that slogan? ...
2018-05-25 04:06:01 KST -
00:40
South Korea can still achieve 3% growth rate target for 2018: Finance Minister
The government has no plans to revise its target of three-percent growth for the year. That's according to the nation's finance chief who revealed during an interview with a local radio station that first quarter growth was above one-percent and although on-year export growth fell in April, it picked up ...
2018-05-24 17:59:25 KST -
01:54
Bank of Korea maintains its key interest rate at 1.5%
The Bank of Korea says it is keeping its base rate steady at one-point-five percent, continuing its wait-and-see approach for the sixth straight month. The unanimous board decision was widely expected, and the bank forecasts the domestic economy to continue its current strong growth trend for the time being. ...
2018-05-24 17:59:25 KST -
00:37
S. Koreans have world's third most powerful passport: Henley & Partners
South Koreans have the world's third most powerful passport, meaning it allows them to travel to more countries without a visa than many that of many other nations. The Henley Passport Index shows people from this country can enter 1-hundred-eighty seven nations visa-free -- the same number as those with passports f...
2018-05-24 16:32:06 KST -
00:31
Bank of Korea keeps key interest rate at 1.5%
This just coming in from the central bank. In a widely expected move, the Bank of Korea has kept its benchmark interest rate unchanged at one-point-five percent, maintaining the rate at that level for half-a-year now. In November last year, the central bank raised the rate by a quarter percentage point,… marking ...
2018-05-24 07:26:40 KST -
02:35
Formal opening ceremony of African Development Bank annual meetings kick off Wednesday
(English) "On behalf of the Korean government and the Korean people, I would like to welcome all of you to the 2018 annual meetings of the African Development Bank." Over 4-thousand delegates from 80 countries, including government officials, business leaders, and officials from the African Develop...
2018-05-24 07:04:19 KST -
01:11
Wednesday's stock wrap up
Taking a look at the markets. Starting in the U.S., Wall Street was up across the board even despite minutes from the last Federal Reserve meeting suggested higher inflation may not result in faster interest rate hikes. The Jones Industrial Average added zero-point-two percent to 24,886. The S&P 500 rose around a ...
2018-05-24 04:14:38 KST -
00:35
Extra budget bill creates 12,000 jobs for young people
The government and the Ministry of Public Administration and Security have started their projects aimed at creating at least 12-thousand jobs for young people, following the passing of the extra budget bill. Under the bill, the ministry has planned projects for 'regionally driven jobs for youths' and 'business suppor...
2018-05-23 10:36:59 KST -
00:46
Samsung to build AI R&D centers in 5 countries including Britain, Canada and Russia
Making headway to lead the fourth industrial revolution, Samsung Electronics is expanding its artificial-intelligence research centers to five different countries, and will hire one-thousand experts as the company seeks to reap the benefits from the cutting-edge academic research into the technology. The world's nu...
2018-05-23 08:03:49 KST
top stories
02:32
Trump cancels summit with North Korean leader Kim Jong-un
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02:19
S. Korea's Blue House says White House informed Embassy in D.C. as released cancellation letter; S. Korea will continue to work to bring Kim, Trump together
"Baffled and very regretful" were the immediate words from South Korea...
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02:46
N. Korea makes low-key response to summit cancellation; economic reasons lying behind
It was an unprecedentedly polished, polite, and low-key response f...
Most Popular in News
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02:32
Trump cancels summit with North Korean leader Kim Jong-un
U.S. President Donald Trump shook the world with his sudden cancel...
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01:31
North Korea destroys Punggye-ri nuclear test site on Thursday
The news has finally arrived. North Korea has blown up its Punggye-ri ...
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03:09
S. Korean reporters join international counterparts in North Korea ahead of nuke site dismantlement
Reporters from five countries, the U.S., China, Russia, the UK AN...
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00:43
N. Korea warns the U.S. that it may have to reconsider holding planned summit in Singapore
Pyongyang will reconsider the June 12 summit if Washington clings to '...
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03:33
Experts' views on explosion of tunnels at Punggye-ri nuclear test site: showing sincerity vs. destroying evidence
Showcasing the dismantling of the Punggye-ri nuclear test site to ...
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- Trump cancels summit with North Korean leader Kim Jong-un
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