Economy

FX Reserves Rise for Third Month in January

Written: 2023-02-03 08:33:56 / Updated: 2023-02-03 11:17:23

South Korea's foreign reserves increased for the third consecutive month in January due to the recent weakening of the U.S. dollar. According ...

Economy

KOSPI Ends Thursday Up 0.78%

Written: 2023-02-02 15:47:43 / Updated: 2023-02-02 16:40:22

The benchmark Korea Composite Stock Price Index(KOSPI) rose 19-point-08 points, or zero-point-78 percent, on Thursday, to close the day at two-thousand-468-point-88. The ...

Economy

Samsung Electronics Unveils Latest Galaxy S23 Series

Written: 2023-02-02 13:40:51 / Updated: 2023-02-02 14:54:30

Samsung Electronics unveiled its latest Galaxy S23 smartphone series at its first offline unpacking event in three years since the onset of COVID-19 ...

Economy

Finance Minister Assesses Global Market Stable after US Rate Hike

Written: 2023-02-02 09:57:35 / Updated: 2023-02-02 11:11:09

Finance minister Choo Kyung-ho has assessed the international financial market to be stable after the U.S. Federal Reserve raised its key rate ...

Economy

Consumer Prices Rise 5.2% in January

Written: 2023-02-02 09:02:26 / Updated: 2023-02-02 11:05:41

Consumer prices rose over five percent in January as the growth pace accelerated for the first time in three months. According to Statistics Korea ...

Economy

US Fed Hikes Key Interest Rate by 25 Basis Points

Written: 2023-02-02 08:15:32 / Updated: 2023-02-02 11:07:14

The U.S. Federal Reserve has raised its key interest rate by a quarter of a percentage point in its continuing effort to rein in high inflation. After ...

Economy

KOSPI Ends Wednesday Up 1.02%

Written: 2023-02-01 15:46:46 / Updated: 2023-02-01 15:50:23

The benchmark Korea Composite Stock Price Index(KOSPI) rose 24-point-72 points, or one-point-02 percent, on Wednesday, to close the day at two-thousand-449-point-80.  The ...

Economy

SK hynix Reports 1st Operating Loss in 10 Yrs for 2022 Q4

Written: 2023-02-01 13:24:54 / Updated: 2023-02-01 13:55:21

SK hynix reported operating losses for the fourth quarter last year, the first in a decade, amid a slowdown in the global chip market. The world's ...

Economy

Exports Fall 16.6% in January, Trade Deficit Hits Record High

Written: 2023-02-01 10:15:42 / Updated: 2023-02-01 16:10:19

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SK hynix Reports 1st Operating Loss in 10 Yrs for 2022 Q4

Economy

Basic Taxi Fare in Seoul Rises to 4,800 Won

Written: 2023-02-01 08:13:48 / Updated: 2023-02-01 10:27:29

The basic taxi fare for mid-sized sedan cabs in Seoul rose by one-thousand won to four-thousand-800 won on Wednesday, the first hike in four years. The ...