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Economy

Bank of Korea Cuts Rate to Record Low 1.25%

Written: 2016-06-09 10:49:06Updated: 2016-06-09 13:26:31

South Korea's central bank has lowered the nation’s key interest rate by 25 basis points in a surprise move. In its monthly monetary policy meeting ...

Economy

IMF: S. Korea's Economy Faces Difficulties

Written: 2016-06-08 17:44:42Updated: 2016-06-09 07:51:20

The International Monetary Fund(IMF) says the South Korean economy is facing difficulties at home and abroad and its potential to grow is slowing ...

Economy

Top 3 Shipbuilders Devise Self-rescue Plans

Written: 2016-06-08 15:23:37Updated: 2016-06-08 15:54:55

The nation’s top three shipbuilders have finalized self-rescue plans worth a total ten-point-three trillion won for restructuring.   According ...

Economy

KOSPI Closes at 7-Month High

Written: 2016-06-08 15:19:35Updated: 2016-06-09 09:20:42

The benchmark Korea Composite Stock Price Index(KOSPI) closed at a seven-month high on Wednesday as shares of Samsung Electronics rose on the back ...

Economy

KOSPI, KOSDAQ Jump after 3-Day Weekend

Written: 2016-06-07 15:36:23Updated: 2016-06-07 16:10:42

Returning from the three-day weekend, the benchmark Korea Composite Stock Price Index(KOSPI) rallied on Tuesday, mostly due to U.S. Federal ...

Economy

Rice Consumption Decreases in S. Korea

Written: 2016-06-07 14:22:24Updated: 2016-06-07 14:35:10

New data has shown that South Koreans’ daily consumption of rice decreased by three-point-three percent to 172 grams last year compared to 2014.   The ...

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