Economy

BOK Freezes Key Interest at 3.5%

Written: 2023-07-13 13:57:56 / Updated: 2023-07-13 14:40:32

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BOK Keeps Key Rate Steady at 3.5%

Economy

Fiscal Deficit Expands by over 7 Tln Won as of Late May

Written: 2023-07-13 13:12:01 / Updated: 2023-07-13 15:26:14

South Korea's managed fiscal balance, a key gauge of fiscal health calculated on a stricter term, posted a deficit in late May that grew by seven ...

Economy

BOK Keeps Key Rate Steady at 3.5%

Written: 2023-07-13 10:15:22 / Updated: 2023-07-13 10:17:03

The Bank of Korea(BOK) has decided to freeze the key interest rate at three-point-five percent. The central bank's monetary policy board ...

Economy

KOSPI Ends Wednesday Up 0.48%

Written: 2023-07-12 15:45:33 / Updated: 2023-07-12 15:58:52

The benchmark Korea Composite Stock Price Index(KOSPI) rose 12-point-23 points, or zero-point-48 percent, on Wednesday, to close the day at two-thousand-574-point-72. The ...

Economy

S. Korea Falls to 13th in Global GDP Ranking for 2022

Written: 2023-07-12 10:28:11 / Updated: 2023-07-12 10:32:57

South Korea's economy is estimated to have come short of the global top ten to rank 13th last year. According to the Bank of Korea on Wednesday, ...

Economy

333,000 Jobs Added in June to Post Record Employment Rate

Written: 2023-07-12 08:53:58 / Updated: 2023-07-12 09:05:16

The nation added over 330-thousand jobs in June as the employment rate hit a record high. According to Statistics Korea on Wednesday, the number ...

Economy

Labor, Management Each Submit 3rd Proposal for 2024 Minimum Wage

Written: 2023-07-11 16:26:00 / Updated: 2023-07-11 18:45:52

Labor and management on Tuesday revealed their latest adjustments as they try to set next year's minimum wage.  During the 12th plenary session ...

Economy

KOSPI Ends Tuesday Up 1.66%

Written: 2023-07-11 15:44:26 / Updated: 2023-07-11 16:03:47

The benchmark Korea Composite Stock Price Index(KOSPI) jumped 41-point-79 points, or one-point-66 percent, on Tuesday, to close the day at two-thousand-562-point-49. The ...

Economy

Exports Fall 14.8% in First 10 Days of July

Written: 2023-07-11 09:30:23 / Updated: 2023-07-11 09:36:08

Exports fell nearly 15 percent on-year in the first ten days of July. According to tentative data from the Korea Customs Service on Tuesday, ...

Economy

KOSPI Ends Monday Down 0.24%

Written: 2023-07-10 16:01:21 / Updated: 2023-07-10 16:04:58

The benchmark Korea Composite Stock Price Index(KOSPI) lost six-point-01 points, or zero-point-24 percent, on Monday, to close the day at two-thousand-520-point-70. The ...