Economy

Inflation Slows to 3.3% in November

Written: 2023-12-05 08:33:50 / Updated: 2023-12-05 14:57:31

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S. Korea, China Hold 5th Meeting of their FTA Joint Commission

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The trade ministry says South Korea and China discussed on Monday ways to expand economic cooperation during the fifth meeting of their free trade ...

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KOSPI Ends Monday Up 0.40%

Written: 2023-12-04 15:41:38 / Updated: 2023-12-04 16:38:35

The benchmark Korea Composite Stock Price Index(KOSPI) gained nine-point-94 points, or zero-point-40 percent, on Monday, to close the day at ...

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BOK: S. Korea Facing Difficulty from China’s Shift in Economic Driver

Written: 2023-12-04 14:26:32 / Updated: 2023-12-04 14:52:14

A new report from the Bank of Korea(BOK) indicates that South Korea will no longer reap the benefits of China’s economic growth through exports.  According ...

Economy

Service Industry Output Falls to 32-Month Low in November

Written: 2023-12-03 13:01:25 / Updated: 2023-12-03 13:52:07

The growth in service industry production has slowed to below one percent for the first time in 32 months in November. According to Statistics ...

Economy

U.S. Fed Chair Says Talk of Rate Cuts 'Premature'

Written: 2023-12-02 14:32:18 / Updated: 2023-12-02 14:39:08

U.S. Federal Reserve chair Jerome Powell said talk of cutting interest rates was premature, squashing market expectations. Speaking at Spelman ...

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Local Gasoline Prices Fall for 8th Straight Week

Written: 2023-12-02 13:40:27 / Updated: 2023-12-02 13:41:17

Local gasoline prices have dropped for eight consecutive weeks.  According to Opinet, the Korea National Oil Corporation's online ...

Economy

KOSPI Ends Friday Down 1.19%

Written: 2023-12-01 15:38:07 / Updated: 2023-12-01 16:05:46

The benchmark Korea Composite Stock Price Index(KOSPI) shed 30-point-28 points, or one-point-19 percent, on Friday, to close the week at two-thousand-505-point-01. The ...

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Central Banks of S. Korea, Japan Ink 3-Year, $10 Bln Currency Swap Deal

Written: 2023-12-01 14:18:55 / Updated: 2023-12-01 14:51:55

South Korea and Japan agreed to a ten billion U.S. dollar currency swap deal on Friday, eight years after the last deal ended. According to the ...

Economy

Exports Rise 7.8% in November to Post Growth for Second Month

Written: 2023-12-01 09:50:22 / Updated: 2023-12-01 09:51:26

Exports increased about eight percent in November to post growth for the second consecutive month. According to data from the Ministry of Trade, ...