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Economy

Bank of Korea Freezes Benchmark Rate at 1.5%

Written: 2016-01-14 10:04:15Updated: 2016-01-19 11:00:52

The Bank of Korea(BOK) left the benchmark interest rate steady at one-point-five percent at its first monetary policy meeting of the year on Thursday.   The ...

Economy

New Finance Minister Vows to Pursue Reform

Written: 2016-01-13 18:21:35Updated: 2016-01-14 07:54:58

New Finance Minister Yoo Il-ho has vowed to actively pursue structural reforms to put the country’s economy back on track.   During his inaugural ...

Economy

KOSPI, KOSDAQ Rise; Won Strengthens

Written: 2016-01-13 15:22:36Updated: 2016-01-13 16:07:36

The benchmark Korea Composite Stock Price Index(KOSPI) Wednesday rose 25-point-42 points, or one-point-34 percent, to close at one-thousand-916-point-28. The ...

Economy

Youth Jobless Rate Hits 9.2 Percent

Written: 2016-01-13 09:56:13Updated: 2016-01-13 11:36:11

The youth unemployment rate has hit a record high nine-point-two percent.   According to a report by state-run Statistics Korea Wednesday, the ...

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