Economy

Economy Grows 0.6% in Q2

Written: 2023-09-05 09:30:12 / Updated: 2023-09-05 09:31:49

The South Korean economy grew zero-point-six percent in the second quarter. According to tentative data by the Bank of Korea(BOK) on Tuesday, ...

Economy

Consumer Prices Rise 3.4% in August

Written: 2023-09-05 08:46:14 / Updated: 2023-09-05 13:54:51

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BOK Forecasts Inflation to Restabilize after October

Economy

KOSPI Ends Monday Up 0.81%

Written: 2023-09-04 15:40:13 / Updated: 2023-09-04 16:09:02

The benchmark Korea Composite Stock Price Index(KOSPI) climbed 20-point-84 points, or zero-point-81 percent, on Monday, to close at two-thousand-584-point-55. The ...

Economy

Fisheries Ministry: Sales of Seafood Unaffected by Fukushima Release

Written: 2023-09-04 15:14:50 / Updated: 2023-09-04 15:28:52

The fisheries ministry says there has been no decline in seafood consumption in the nation despite the start of the Fukushima wastewater release. According ...

Economy

Gov’t to Skip Feasibility Study for Yongin Semiconductor Cluster

Written: 2023-09-04 14:34:41 / Updated: 2023-09-04 14:41:28

The South Korean government says it is pushing to skip a feasibility study on the plan to build a massive semiconductor cluster in Yongin. According ...

Economy

Finance Minister: Nation’s Economy in Initial Phase of Recovery

Written: 2023-09-04 10:38:25 / Updated: 2023-09-04 10:51:01

Finance minister Choo Kyung-ho said on Monday that the South Korean economy appears to be in the initial phase of recovery. The minister presented ...

Economy

Production by Manufacturing Conglomerates Drops for 11th Mo.

Written: 2023-09-03 15:24:23 / Updated: 2023-09-04 10:12:35

Production by conglomerates in the manufacturing sector has declined for the eleventh consecutive month in July due largely to the slowing recovery ...

Economy

KOSPI Ends Friday Up 0.29%

Written: 2023-09-01 15:40:30 / Updated: 2023-09-01 16:44:12

The benchmark Korea Composite Stock Price Index(KOSPI) climbed seven-point-44 points, or zero-point-29 percent, on Friday, to close the week ...

Economy

KEPCO Set to Appoint Former Lawmaker as New Chief

Written: 2023-09-01 14:59:27 / Updated: 2023-09-01 15:28:32

Former lawmaker Kim Dong-cheol is likely to become the new CEO of the Korea Electric Power Corporation(KEPCO). KEPCO held a special meeting ...

Economy

Gov't Files for Annulment of ICSID Ruling on Lone Star Compensation

Written: 2023-09-01 14:47:55 / Updated: 2023-09-01 15:35:26

The government filed for an annulment of an international tribunal ruling that ordered Seoul to compensate U.S. private equity firm Lone Star Funds ...