Economy

KOSPI Up 1.86% on Tuesday

Written: 2024-12-03 15:37:33 / Updated: 2024-12-03 16:56:04

The benchmark Korea Composite Stock Price Index rose 45-point-62 points, or one-point-86 percent, on Tuesday to close at two-thousand-500-point-one. The ...

Economy

56% of Large Companies Undecided on 2025 Investment Plans

Written: 2024-12-03 11:18:21 / Updated: 2024-12-03 11:41:30

Seven out of ten large companies in the country remain undecided on their investment plans for next year or have no plans at all. Mono Research ...

Economy

BOK: Weak Won to Push Inflation near 2%

Written: 2024-12-03 11:03:37 / Updated: 2024-12-03 15:05:24

The Bank of Korea(BOK) expects the weak South Korean currency to push inflation to around two percent. BOK Deputy Gov. Kim Woong delivered the ...

Economy

LG Energy Solution to Buy GM’s Stake in Joint Venture Battery Factory

Written: 2024-12-03 10:29:53 / Updated: 2024-12-03 15:02:28

South Korea’s leading battery maker, LG Energy Solution, has decided to purchase General Motors’ stake in their joint venture battery factory ...

Economy

Trade Ministry: Latest US Export Controls Will Have Little Impact on S. Korean Companies

Written: 2024-12-03 09:58:48 / Updated: 2024-12-03 14:51:54

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Economy

Inflation Rises 1.5% in November

Written: 2024-12-03 08:40:04 / Updated: 2024-12-03 15:08:57

Inflation stayed in the one-percent range for the third consecutive month in November.  According to Statistics Korea on Tuesday, the consumer ...

Economy

FTC Sanctions Coupang, Other Platforms that Allegedly Impeded Early Membership Cancellations

Written: 2024-12-02 15:46:28 / Updated: 2024-12-02 17:00:39

The Fair Trade Commission(FTC) has launched sanctions procedures against Coupang and other online platforms that allegedly hindered the cancellation ...

Economy

KOSPI Drops 0.06% on Monday

Written: 2024-12-02 15:38:35 / Updated: 2024-12-02 17:00:14

The benchmark Korea Composite Stock Price Index dipped one-point-43 points, or zero-point-06 percent, on Monday to close at two-thousand-454-point-48. The ...

Economy

BOK: Job Mismatch Leaves More Young Adults Out of Job Market

Written: 2024-12-02 15:16:21 / Updated: 2024-12-02 15:56:49

The Bank of Korea(BOK) says the number of young people who are unemployed and yet refuse to look for jobs has increased due to the economic recession ...

Economy

President Calls for Action to Boost Domestic Demand, Consumption

Written: 2024-12-02 14:38:00 / Updated: 2024-12-02 15:02:54

President Yoon Suk Yeol has instructed his aides to take proactive measures to boost domestic demand and consumption. According to presidential ...