KOSPI Climbs; KOSDAQ Dips
Written: 2016-07-15 15:24:56 / Updated: 2016-07-15 15:30:13
The benchmark Korea Composite Stock Price Index(KOSPI) edged up on Friday following another bullish run on Wall Street. The main index advanced ...
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Deputy PM: 10 Trillion Won Injection to Help Struggling Shipyard Towns
Written: 2016-07-15 15:22:59 / Updated: 2016-07-15 15:30:53
Deputy Prime Minister and Finance Minister Yoo Il-ho says the government will swiftly finalize details on its supplementary budget and inject ...
Gov't to Submit Supplementary Budget Bill Promptly
Written: 2016-07-15 13:43:10 / Updated: 2016-07-15 14:03:13
Finance Minister Yoo Il-ho has stressed the need to promptly execute a supplementary budget, saying the extra budget would not have much significance ...
S. Korea-Colombia FTA Takes Effect
Written: 2016-07-15 10:03:09 / Updated: 2016-07-15 16:41:21
The South Korea-Colombia free trade agreement(FTA) went into effect on Friday. Under the deal, Colombia has immediately lifted the tariffs ...
Finance Minister Negative About Raising Corporate Taxes
Written: 2016-07-14 18:36:10 / Updated: 2016-07-15 08:32:38
Finance Minister Yoo Il-ho has maintained his reluctance to raise corporate taxes, saying that the move will negatively affect investment. Attending ...
Vice Minister: Brexit Impact on Local Economy Still Limited
Written: 2016-07-14 18:21:25 / Updated: 2016-07-14 19:31:39
Vice Finance Minister Choi Sang-mok said Thursday that Britain's decision to leave the European Union will have a limited impact on the South Korean ...
Hyundai Merchant Marine Joins Largest Shipping Alliance 2M
Written: 2016-07-14 18:14:47 / Updated: 2016-07-14 19:31:57
Hyundai Merchant Marine has become a member of the world's largest shipping alliance 2M. Korea Development Bank, the main creditor of the financially ...
BOK Forecasts Consumer Price to Rise 2% 1st Half of Next Year
Written: 2016-07-14 18:02:19 / Updated: 2016-07-14 19:32:33
The Bank of Korea(BOK) has forecast that the consumer price will rise to the mid-one percent range by the end of the year and reach two percent by the ...
Electricity Demand to Top Record 80 Mln kW This Summer
Written: 2016-07-14 17:21:39 / Updated: 2016-07-14 19:33:25
Power demand in South Korea is expected to spike this summer with maximum electricity demand to exceed 80 million kilowatts for the first time ever ...
Customs Agency to Adopt MOUs on Cooperation to Better Implement FTAs
Written: 2016-07-14 15:46:59 / Updated: 2016-07-14 16:26:27
The Korea Customs Service said Thursday that it will seek to adopt memoranda of understanding(MOUs) with 52 countries it has free trade agreements(FTAs) ...
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