Economy

KOSPI, KOSDAQ Fall at Closing Bell

Written: 2016-02-02 15:27:18 / Updated: 2016-02-02 17:03:16

The benchmark Korea Composite Stock Price Index(KOSPI) on Tuesday lost 18-point-22 points, or zero-point-95 percent, to close the trading day ...

Economy

S. Koreans Regard Parent's Wealth as No. 1 Condition for Success

Written: 2016-02-02 14:33:05 / Updated: 2016-02-02 15:07:45

A new survey finds that South Korean workers believe that parental wealth is the number one condition for success.    An online job portal Job ...

Economy

Consumer Price Growth Slows Again to 0.8%

Written: 2016-02-02 11:51:25 / Updated: 2016-02-02 13:23:34

The growth of consumer prices has slowed again as effects of cigarette price hikes tapered off. Statistics Korea said Tuesday that the consumer ...

Economy

Data: Average Wedding Costs Surged Nearly 40 Million Won in 1 Year

Written: 2016-02-01 15:37:45 / Updated: 2016-02-01 16:56:45

South Korean newlyweds spend an average 274 million won preparing for their marriage. According to a report by wedding consulting company ...

Economy

KOSPI, KOSDAQ Close Higher

Written: 2016-02-01 15:25:01 / Updated: 2016-02-01 15:28:14

South Korea's main stock index rose on the first trading day of the new month. The benchmark Korea Composite Stock Price Index(KOSPI) climbed ...

Economy

Exports Witness Sharpest Drop in 6.5 Years in January

Written: 2016-02-01 15:08:57 / Updated: 2016-02-01 18:38:56

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Plunge in Imports Keeps 48-Month Trade Surplus

Current Account Surplus Surpasses $100 Billion

Economy

Households' Financial Assets Climbed Only 0.8% in 1 Year

Written: 2016-02-01 14:33:11 / Updated: 2016-02-01 14:52:57

A survey on household finances and welfare has found that the average financial assets of households stood at 90-point-87 million won as of last ...

Economy

S. China Morning Post: 1 of 5 AIIB VPs to be from S. Korea

Written: 2016-02-01 14:24:25 / Updated: 2016-02-01 14:31:23

A Hong Kong newspaper says that one of the five vice presidents of the China-led Asian Infrastructure Investment Bank(AIIB) is likely to be from ...

Economy

Finance Minister Seeks Parliamentary Support for Government

Written: 2016-02-01 13:31:16 / Updated: 2016-02-02 10:25:21

Finance Minister Yoo Il-ho has appealed to the National Assembly to help the president and government work properly, stressing that the success ...

Economy

Public Financial Organizations to Introduce Merit-Based System

Written: 2016-02-01 10:43:54 / Updated: 2016-02-01 11:16:48

The head of South Korea’s top financial watchdog said Monday that nine major public financial institutions will adopt a merit-based pay system. During ...