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Japan, EU signs trade pact that will eliminate nearly all tariffs on traded goods
Japan and the EU signed a landmark deal on Tuesday that will give birth to the world's largest open economic area. The ambitious trade pact will cover nearly 40 percent of global trade, 30 percent of the world's GDP and over six-hundred million people. Upon signing the agreement, which comes amid t...
2018-07-18 05:13:02 KST -
Tight regulations continue to discourage business growth in South Korea
Despite years of government efforts to remove red tape that hinders investment and employment,… a web of regulations continues to hamper business activities in South Korea, some even discouraging local firms from expanding. When smaller enterprises grow to become mid-sized enterprises they face some difficulti...
2018-07-18 05:12:28 KST -
Market wrap up
Taking a look at your markets. Wall Street rose on Tuesday, with the Dow posting its fourth consecutive session of gains. Pulling up the numbers then The Dow Jones Industrial Average rose 55-and-ahalf points, or 0.2 percent, to end at 25,119. The S&P 500 gained eleven points, or 0.4 percent, to 2,809. The ...
2018-07-18 04:13:26 KST -
03:00
Small shop owners, workers worried about minimum wage hike
Twenty-seven year-old Lim Seung-heon has been working part time jobs for the last seven years, mostly at restaurants and convenience stores. The 16-point-4 percent minimum wage hike this year meant he was taking home an extra 90 dollars a month, but he says the raise came at a price. (Korean) "Some empl...
2018-07-18 04:12:08 KST -
00:41
S. Korean trade minister leaves for North America to counter protectionism
Seoul's trade minister is on a trip to three countries -- Canada, the U.S. and Mexico -- as part of efforts to counter the Trump Administration's growing protectionism policies. Kim Hyun-jong will meet with Canada's foreign, Chrystia Freeland, on Tuesday, local time, to discuss joint strategies to respond to Americ...
2018-07-17 14:29:09 KST -
00:31
Samsung Electronics to unveil next generation DRAM
Samsung Electronics unveiled its new generation D-RAM chip. The new 10-nanometer-class, eight-gigabyte D-RAM will be primarily used in smartphones and in the mobile AI sector. The new DRAM chip, called the Low Power Double Data Rate 5, can process data 1-point-5 times faster than the ones currently used in smartpho...
2018-07-17 12:50:01 KST -
02:16
World economy to grow 3.9% this year: IMF
Despite the growing concerns over rising trade tensions and rising oil prices worldwide, the International Monetary Fund has left its global economic growth forecast unchanged at 3-point-9 percent for both 2018 and 2019, compared to its previous forecast issued back in April. According to the IMF's Chief Ec...
2018-07-17 12:49:01 KST -
03:32
Part-time workers, small business owners concerned about rapid minimum wage hike pt1
The government has today enforced a law that allows franchises and contractors to charge more for services and products provided to conglomerates, to help meet rising labor costs. This comes amid a heated debate over the minimum wage for next year, which a government committee set at eight-thousand-three-hundred-fifty...
2018-07-17 09:02:06 KST -
01:56
Part-time workers, small business owners concerned about rapid minimum wage hike pt3
In theory, higher wages for the average worker would be ideal, of course. But realistically speaking Yes, the goal of hitting ten-thousand won a hour may not be feasible by 2020. As President Moon and other officials have suggested. Right. Amid the controversy, it seems the government will slow down the pa...
2018-07-17 09:01:09 KST -
00:50
Part-time workers, small business owners concerned about rapid minimum wage hike pt2
But you have other experts and labor unions in the opposite camp, saying the minimum wage should be raised all the same. Right. So labor unions actually called for a 43 percent increase, prior to the wage committee's decision, saying it's needed for socioeconomic growth. (Korean) "Policies to boost investment...
2018-07-17 09:01:07 KST -
00:53
Market wrap up
Taking a look at your markets. A mixed day on Wall Street on Tuesday. Let's pull up the charts for you. The Dow Jones Industrial Average rose 45 points, or zero-point-two percent, to 25,064. The S&P 500 edged down three points, or zero-point-one percent, to 2,798. The Nasdaq dropped 20 points, or a quarter-of-o...
2018-07-17 04:11:57 KST -
01:50
Finance minister, BOK chief vow preemptive measures against pressing economic issues
Finance Minister Kim Dong-yeon and Bank of Korea governor Lee Ju-yeol agreed on Monday to take preemptive measures against a number of risks facing the country's economy. At their seventh round of policy talks since Kim Dong-yeon took office in June last year, Kim expressed his concerns that the latest minimum ...
2018-07-16 18:17:44 KST
top stories
02:26
Ruling party, government discuss measures to support for people in low-income bracket
Most Popular in News
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02:12
Moon apologizes for not keeping minimum wage election pledge
(Korean) "It's apparently become difficult to achieve the goal o...
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01:33
Seoul battling with the summer heat
Seoul has been issued with its first heatwave warning of the yea...
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01:08
S. Korean President Moon orders immediate submission of all documents related to military mobilization plan for crackdown allegedly drafted in late 2016
Our top story this morning... President Moon Jae-in has ordered the m...
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02:26
Ruling party, government discuss measures to support for people in low-income bracket
South Korea's ruling Democratic Party of Korea and the gover...
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02:08
France beat Croatia 4-2 in final to win 2018 Russia World Cup
The stage was set at Moscow's packed Luzhniki Stadium for th...
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Lastest News
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- Japan, EU signs trade pact that will eliminate nearly all tariffs on traded goods
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- Tight regulations continue to discourage business growth in South Korea
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Current Affairs programs
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Foreign CorrespondentsForeign Correspondents from all around the globe sit down to discuss i...
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A Road to PeaceThe 30-minute show also sheds light on South Korean efforts to improve...