Economy

S. Korean Central Bank Hints at Additional Rate Hike for Nov.

Written: 2021-10-12 15:27:17 / Updated: 2021-10-12 15:40:50

The Bank of Korea (BOK) has hinted at an additional rate hike for next month.   BOK Governor Lee Ju-yeol, after Tuesday's monetary policy ...

Economy

Tax Revenue Climbs 55.7 Tln Won in Jan.-Aug. from Year Ago

Written: 2021-10-12 14:10:36 / Updated: 2021-10-13 10:27:00

The total tax revenue in the first eight months of this year climbed more than 55 trillion won amid a strong economic recovery. According to the ...

Economy

BOK Keeps Key Interest Rate at 0.75%

Written: 2021-10-12 10:38:13 / Updated: 2021-10-12 13:42:25

The Bank of Korea (BOK) has kept its key interest rate at point-75 percent.  The central bank's monetary policy board announced the decision on ...

Economy

S. Korea's Exports Jump 63.5% in First 10 Days of Oct.

Written: 2021-10-12 09:32:02 / Updated: 2021-10-12 10:47:16

Exports jumped by over 60 percent on-year in the first ten days of October.  According to tentative data from the Korea Customs Service on Tuesday, ...

Economy

Finance Minister to Visit US to Attend G20 Finance Chiefs' Meeting

Written: 2021-10-11 15:04:49 / Updated: 2021-10-11 15:06:07

Finance Minister Hong Nam-ki will depart for the U.S. on Tuesday to attend the G20 or Group of Twenty meeting of finance chiefs and central bankers. According ...

Economy

S. Korean Business Leaders from 64 Countries to Gather for Convention

Written: 2021-10-10 12:55:56 / Updated: 2021-10-10 13:32:21

South Korean business leaders from 64 countries will come together for a convention in Seoul to discuss ways to boost the municipal economy amid ...

Economy

Samsung, SK hynix Closely Following New Global Tax Scheme

Written: 2021-10-09 13:56:54 / Updated: 2021-10-09 13:58:32

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136 Nations Agree to 15% Minimum Corporate Tax Rate

Economy

Some Small Biz to Get Back 80% of Losses from COVID-19 Restrictions

Written: 2021-10-08 19:22:30 / Updated: 2021-10-08 20:08:44

Some small business owners hit hard by COVID-19 quarantine policies will be able to claim 80 percent of their losses from related measures in the ...

Economy

Minister Urges Corporate Cooperation on New NDC Goal

Written: 2021-10-08 16:49:32 / Updated: 2021-10-08 17:09:10

Finance Minister Hong Nam-ki has asked for cooperation from the business sector regarding the new government target of reducing greenhouse gas ...

Economy

KOSPI Ends Friday Down 0.11%

Written: 2021-10-08 15:42:36 / Updated: 2021-10-08 16:48:57

The benchmark Korea Composite Stock Price Index(KOSPI) fell three-point-16 points, or zero-point-11 percent on Friday, closing the week at two-thousand-956-point-30. The ...