Economy

Host of Web Cafe on Stocks Hit with Travel Ban over Suspicious Losses

Written: 2023-06-15 14:38:31 / Updated: 2023-06-15 15:36:47

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Trading Suspended for Stocks of 5 Firms amid Suspicion over Losses

Economy

Gov't Announces Union Policies to Enhance Accounting Transparency

Written: 2023-06-15 13:44:43 / Updated: 2023-06-15 15:10:04

The government has announced measures intended to enhance transparency in the accounting of labor unions. The labor ministry on Thursday issued ...

Economy

Fiscal Deficit Surpasses 45 Tln Won as of April as Debt Hits 1.07 Qln Won

Written: 2023-06-15 11:40:11 / Updated: 2023-06-15 14:59:05

The country's fiscal deficit this year surpassed 45 trillion won as of April in the wake of economic uncertainties as the national debt reached one-point-07 ...

Economy

New EU Battery Law Not Expected to Impact Status of S. Korean Firms

Written: 2023-06-15 10:54:36 / Updated: 2023-06-15 15:03:06

The government does not believe that the status of South Korean battery makers will be impacted by a new European Union(EU) law aimed at making batteries ...

Economy

KOSPI Ends Wednesday Down 0.72%

Written: 2023-06-14 15:41:03 / Updated: 2023-06-14 16:40:01

The benchmark Korea Composite Stock Price Index(KOSPI) lost 18-point-87 points, or zero-point-72 percent, on Wednesday, to close the day at two-thousand-619-point-08. The ...

Economy

ICT Exports Plunge Nearly 30% in May to Continue 11-Month Streak

Written: 2023-06-14 11:50:00 / Updated: 2023-06-14 14:21:11

Exports in the information and communications technology(ICT) sector plunged for the eleventh straight month in May as they fell nearly 30 percent ...

Economy

US Inflation Slows to 4% in May for 2-Year Low

Written: 2023-06-14 09:06:52 / Updated: 2023-06-14 10:34:17

U.S. consumer prices grew at the slowest pace in two years in May, leading to suggestions that the U.S. Federal Reserve will freeze rates on Wednesday. According ...

Economy

351,000 Jobs Added in May to Post Record Employment Rate for Month

Written: 2023-06-14 09:01:13 / Updated: 2023-06-14 11:06:21

The nation added over 350-thousand jobs in May as the employment rate reached a record high for the month, but the number of jobs in the manufacturing ...

Economy

Export, Import Prices Post First Drop in 4 Months in May

Written: 2023-06-14 08:30:52 / Updated: 2023-06-14 11:26:07

The country’s export and import prices both fell for the first time in four months in May with a drop in crude oil prices last month. According to ...

Economy

Finance Chief Against Revising Tax Code to Secure Revenue

Written: 2023-06-13 16:47:57 / Updated: 2023-06-13 16:48:55

Finance minister Choo Kyung-ho has opposed the idea of revising the tax code to secure tax revenue amid concerns of its shortage, citing current ...