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00:35
BMW to initiate another round of recalls in South Korea, following continued engine fires
BMW is initiating another round of recalls in South Korea, following the announcement of the final outcome of the joint investigation team comprising of experts from the private and public sectors. that looked into what caused the engine fires. The transport ministry said on Wednesday that it has approved the im...
2019-01-23 11:12:48 KST -
00:37
S. Korea's household debt growing at second fastest pace in world: Report
The size of South Korea's household debt and the *pace of increase in debt to GDP are both at a risky level. This is according to data by Oxford Economics on 28 major economies which show. South Korea's household debt to GDP ratio has ranked third reaching near 100 percent. It's only behind Austral...
2019-01-23 10:03:01 KST -
00:48
S. Korea's Samsung Electronics is world's 5th most valuable brand: Report
Samsung Electronics has been ranked the world's fifth most valuable brand,… down one spot from last year. According to an annual report by British consultancy firm Brand Finance., the South Korean tech giant's brand value is worth 91-point-three billion U.S. dollars in 2019. It's down one-point-one percent from the...
2019-01-23 09:46:33 KST -
01:43
Number of foreign visitors to S. Korea increase 15.1 percent on-year to 15.3 mil. in 2018
The number of foreign tourists visiting South Korea jumped 15-point-one percent on-year to more than 15 million in 2018, mostly due to more visitors coming from China and Japan. According to the Korea Tourism Organization, the number of visitors from China in 2018 rose 14-point-nine percent to over four-point-s...
2019-01-23 09:45:32 KST -
01:22
Finance minister announces plan to develop idle state-owned land in Korea
Finance Minister Hong Nam-ki has said the government will develop idle state-owned land to help induce investment and create more jobs. At a meeting on economic revitalization on Wednesday, Minister Hong said 6-point-nine million square meters of unused land following the relocation of public facilities will be dev...
2019-01-23 09:39:14 KST -
00:54
Market wrap up
Taking a look at your markets. U.S. stocks closed lower on Tuesday as new signs of slowing global growth continue to sprout up. Pulling up the figures for you. The Dow Jones Industrial Average shed one-point-two percent to 24,404. The S&P 500 dropped one-point-four percent to 2,633. The Nasdaq tumbled one-point...
2019-01-23 05:36:40 KST -
01:50
Ahead of Lunar New Year, gov't pledges US$ 31 bil. for small biz and consumers
The government has allotted 31 billion U.S. dollars worth of support to boost the local economy and support small business owners and the marginalized ahead of the three-day Lunar New Year holiday which starts on February 4th. That's up 5-point-three billion dollars from last year. 29 billion dollars will...
2019-01-23 05:18:38 KST -
01:44
National Account Transfer data released by the Statistics Korea
For the first time, Statistics Korea has made data from the National Transfer Accounts available, to show how finances are redistributed between age groups. The data was first gathered this year in order to use it as a basis for developing policies on the national pension and health insurance. The data was rele...
2019-01-22 18:08:08 KST -
02:08
S. Korean economy grew 2.7% in 2018, slowest since 2012: BOK
According to the Bank of Korea on Tuesday, the nation's GDP increased last year by two-point-seven percent. That's the slowest pace since 2012 when the economy grew by two-point-three percent. The central bank attributed the slower growth to sluggish investment, which in construction fell by four p...
2019-01-22 18:07:08 KST -
00:42
Kakaobank app offers overseas remittance with no need for bank info
South Koreans can now send money overseas in just one minute -- something that used to take about three business days. One of Korea's leading internet-only banks, Kakaobank, announced Tuesday that it has developed a new mobile application enabling users to remit money to 200 countries by naming only a recipient and...
2019-01-22 16:05:46 KST -
00:37
Court suspends watchdog's disciplinary action against Samsung BioLogics
The Seoul Administrative Court has suspended the financial watchdog's disciplinary actions against Samsung BioLogics. Last November, the biopharmaceutical arm of Samsung Group filed an administrative lawsuit against the country's financial regulator over its ruling on the firm's accounting violations. Earlier in th...
2019-01-22 15:48:09 KST -
00:39
Gov't unveils measures to boost people's livelihoods over Lunar New Year holiday
At Tuesday's Cabinet meeting, South Korea's Ministry of Economy and Finance laid out plans to boost people's livelihoods some of them related to the upcoming Lunar New Year holiday. The ministry says it will spend almost 130 million U.S. dollars to increase the number of jobs for the elderly. It'll set aside around...
2019-01-22 12:15:36 KST
top stories
01:47
Ex-top court chief summoned for arrest warrant review
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00:51
U.S. known to have asked for US$ 1.2 billion of defense contributions from South Korea
South Korea and its ally the United States are apparently still deeply...
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00:51
Seoul and Tokyo FMs meet in Davos on Wednesday to discuss bilateral disputes
The foreign ministers of South Korea and Japan will soon be meeting fo...
Most Popular in News
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01:43
Senior officials from N. Korea, U.S. hold talks in Sweden to prepare for second summit between their leaders
Working-level talks between delegations of North Korea and the United ...
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00:47
Gov't to temporarily close old coal-fired power plants to improve air quality
The South Korean government will be temporarily shutting down some o...
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02:39
S. Korea urges Japan to provide objective evidence in radar dispute
The nation's defense ministry once again urged Japan to accept a scien...
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01:55
Seoul to expand pedestrian area, cultural spaces, parks at Gwanghwamun Square
South Korea's iconic Gwanghwamun Square will be expanded into a ...
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00:41
Exports by Korean SMEs jumped 8% in 2018 to new record high
Exports by South Korea's small-and-medium-sized companies reach...
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Lastest News
- Blue House secretaries to reduce total amount of reports to President Moon Jae-in
- Ex-top court chief summoned for arrest warrant review
- Pres. Moon calls for new ideas to reduce S. Korea's fine dust pollution
- President Moon holds Fair Economy Strategy Meeting, second of its kind
- Seoul and Tokyo FMs meet in Davos on Wednesday to discuss bilateral disputes
- U.S. known to have asked for US$ 1.2 billion of defense contributions from South Korea
- [ISSUE TALK] Korea sees record high levels of fine dust pollution... what can be done?
- Progress made so far to prepare for the next Kim-Trump summit: Pompeo
- BMW to initiate another round of recalls in South Korea, following continued engine fires
- Air quality to improve, mild readings
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