Economy

Samsung Electronics Union Set to Launch 3-Day Strike

Written: 2024-07-08 10:40:17 / Updated: 2024-07-08 13:35:31

A workers’ union at Samsung Electronics is set to launch a three-day strike from Monday.  According to industry sources, the National Samsung ...

Economy

Gov't Borrows over 91 Tln Won in Temporary Loans from BOK in First Half

Written: 2024-07-07 13:43:12 / Updated: 2024-07-07 13:53:07

The government borrowed more than 91 trillion won from the Bank of Korea (BOK) in the first half of the year to fill its fiscal shortfall. According ...

Economy

S. Korea's Auto Exports Hit Record High in First Half

Written: 2024-07-07 13:15:02 / Updated: 2024-07-07 13:52:54

The country's auto exports grew by nearly four percent in the first half of the year to hit a record high. According to tentative data by ...

Economy

S. Korea's Household Debt Burden Ranks 4th in World

Written: 2024-07-07 12:31:28 / Updated: 2024-07-07 18:33:07

The country ranks fourth in the world in terms of household debt burden based on one's income and the pace of debt growth amid high interest rates. According ...

Economy

Gasoline, Diesel Prices Increase for 2nd Straight Week amid Reduced Fuel Tax Cuts

Written: 2024-07-06 16:04:52 / Updated: 2024-07-06 16:39:58

Prices of gasoline and diesel have increased for the second consecutive week. According to data from the Korea National Oil Corporation's(KNOC) ...

Economy

KOSPI Logs New High After 2.5 Years Thanks to Samsung Electronics' Stellar Q2 Earnings

Written: 2024-07-05 18:31:40 / Updated: 2024-07-05 18:56:21

The benchmark Korea Composite Stock Price Index(KOSPI) logged a new high after some two-and-a-half years on Friday, topping the two-thousand-860 ...

Economy

Japan Reiterates Administrative Guidance on LY Corp. Not Aimed at Pressuring Naver

Written: 2024-07-05 17:24:56 / Updated: 2024-07-05 17:31:08

Japan's Minister for Internal Affairs and Communications Takeaki Matsumoto said Friday that the government's administrative guidance ...

Economy

KOSPI Ends Friday Up 1.32%

Written: 2024-07-05 15:43:07 / Updated: 2024-07-05 16:08:11

The benchmark Korea Composite Stock Price Index climbed 37-point-29 points, or one-point-32 percent, on Friday to close at two-thousand-862-point-23. The ...

Economy

S. Korean Electronics Giants Samsung, LG Announce Stellar Q2 Earnings on Strong Global Demand

Written: 2024-07-05 15:20:37 / Updated: 2024-07-05 15:42:27

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Economy

Estranged Son of Hyosung Founding Family Pledges to Donate Inheritance to Society

Written: 2024-07-05 13:50:39 / Updated: 2024-07-05 14:44:46

Cho Hyun-moon, former vice president of Hyosung Corporation, who is the estranged second son of the group's founding family, has promised to donate ...