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00:33
Sales at South Korean duty-free shops reached all-time high in February
Sales at local duty-free shops reached an all-time high last month, thanks to purchases by Chinese tourists during the Lunar New Year holiday. According to data from Korea Duty Free Shops Association, sales hit a new monthly high of one-point-five billion US dollars, up thirty-five percent from the same period last...
2019-03-18 18:00:09 KST -
00:36
S. Korean gov't seeks public participation in next year's budget plan
The government is asking the public for suggestions on ways to solve urgent social issues so that it can allocate next year's budget accordingly. Korean citizens can submit their proposals online at www-dot-mybudget-dot-go-dot-kr. The deadline is April 15th. Issues the program hopes to deal with include fine dust ...
2019-03-18 18:00:07 KST -
01:44
Study shows fine dust caused US$ 3.5 bil. in economic losses in 2018
A new study shows fine dust cost the South Korean economy over 3-and-a-half billion U.S. dollars in 2018. That's about zero-point-two percent of South Korea's nominal GDP. The number is based on a survey by Hyundai Research Institute on one-thousand adults in February calculating the losses to outdoor...
2019-03-18 17:59:07 KST -
00:39
Samsung Electronics grabs top spot in commercial display market for 10 consecutive years: Report
Samsung Electronics was number one in the world last year in the market for commercial displays -- the 10th year in a row it's grabbed the top spot. Based on data from researchers at IHS Markit, the tech giant's unit sales of commercial displays in 2018 accounted for 25-point-8 percent of the global total. These di...
2019-03-18 15:04:41 KST -
00:42
Payments for imported services decrease for fifth consecutive month in Jan.: BOK
South Korea's payments for imported services have decreased for five consecutive months mainly due to a fall in travel spending. According to the Bank of Korea, the nation's payments for foreign services were around 11-point-8 billion U.S. dollars in January down 4-percent from a year earlier. The amount...
2019-03-18 12:57:55 KST -
01:39
Study shows fine dust caused US$ 3.5 bil. in economic losses in 2018
A new study shows fine dust cost the South Korean economy over 3-and-a-half billion U.S. dollars in 2018. That's about zero-point-two percent of South Korea's nominal GDP. According to a survey by the Hyundai Research Institute on more than one thousand adults in February, seven out of ten Koreans said their produc...
2019-03-18 12:29:29 KST -
00:42
S. Korea becomes 11th largest arms exporter as weapons exports rise by 94%
South Korea's weapons exports over the past five years have increased almost twofold, making the country the world's 11th largest exporter of weaponry. According to a report by the Stockholm International Peace Research Institute, South Korea's total weapons exports for the 2014-to-2018 period were 94-percent higher...
2019-03-18 10:01:30 KST -
00:52
Number of people working less than 15 hours a week climbed in 2018
The rapid rises in South Korea's minimum wage apparently have more people working fewer than 15 hours a week. This is especially true in wholesale and retail as well as the food and lodging industries. A report by the Korea Labor Institute released Sunday shows the number of people clocking less than 15 hours...
2019-03-18 04:59:19 KST -
00:41
Korea's household debt-to-GDP ratio rose faster than almost any other country
South Korea's household debt is growing faster than almost any other country in the world. The Bank for International Settlements and the Bank of Korea compared the household debt of 43 countries and found South Korea's household debt-to-GDP ratio stood at nearly 97-percent at the end of the third quarter...
2019-03-18 04:59:19 KST -
00:52
USTR requests first-ever consultations with S. Korea under KORUS FTA
The U.S. Trade Representative said Friday that South Korea was in non-compliance of the two countries' bilateral trade agreement, and demanded its first-ever consultations under the deal. The USTR requested the talks claiming that the Korea Fair Trade Commission had denied certain rights to U.S. parties, including ...
2019-03-16 15:35:49 KST -
02:04
S. Korean economy showing signs of positive momentum, but uncertainties remain: Report
South Korea's overall industrial production remains solid but uncertainties over slower global economic growth and the semiconductor sector remain. This is according to the Finance Ministry's monthly greenbook report released on Friday. Until September 2018, the ministry had said the local economy wa...
2019-03-15 17:59:32 KST -
01:29
Half of vehicles driven in S. Korea are diesel... a major cause of fine dust
The Environment Ministry says diesel vehicles are responsible for 22 percent of the total fine dust emissions in the country, but there seem to be more and more diesel vehicles on the roads. [STAND-UP] Analysis shows diesel vehicles are one of the main causes of fine dust in the country,… and their use is going u...
2019-03-15 15:08:42 KST
top stories
02:21
Seoul's defense ministry unveiled plans to boost military ties with U.S., China and Japan
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00:50
N. Korea and U.S. will not backslide despite no-deal Hanoi summit: Senior Blue House official
We start at South Korea's Blue House,... where a high-ranking official...
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00:54
Former UN Chief agrees to head committee fighting air pollution
The former secretary general of the UN, Ban Ki-moon says he will acc...
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00:46
New Zealand's prime minister was sent mosque shooter's manifesto minutes before attack
Just minutes before Friday's mass shooting at two mosques in Christchu...
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01:46
N. Korea's resumption of nuclear testing would be "breach of trust" between two parties: Mulvaney
Acting White House Chief of Staff Mick Mulvaney says it would be (...
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00:40
Memorial altar for Sewol-ho ferry disaster to be removed
After more than four years and eight months, the memorial altar set ...
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Lastest News
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- N. Korea leaves room for resuming talks with U.S. after threatening to end negotiations: experts
- Police seeks arrest warrant for singer Jung Joon-young over sex scandals
- Sales at South Korean duty-free shops reached all-time high in February
- New Zealand PM Jacinda Ardern says gun law reform will make community safer
- Seoul's defense ministry unveiled plans to boost military ties with U.S., China and Japan
- New memorial space to replace memorial altar for Sewol-ho ferry disaster
- Tough road ahead for electoral reform bill
- Seoul's FM, Libyan counterpart to strive to bring back abducted Korean swiftly
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