Economy

S. Korea's Economy Posts Minus Growth for 1st Time Since 1998

Written: 2021-01-26 14:37:34 / Updated: 2021-01-26 18:51:36

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Economy

FM Hong: -1% Growth in 2020 Proves Economy’s Strength against Crises

Written: 2021-01-26 10:55:40 / Updated: 2021-01-26 13:52:23

South Korea's top economic policymaker said the country posting a contraction in the economy of one percent last year amid the COVID-19 pandemic ...

Economy

S. Korea's Economy Contracts 1% in 2020, Worst Performance Since 1998

Written: 2021-01-26 08:35:40 / Updated: 2021-01-26 12:12:13

The South Korean economy shrank one percent last year to post its worst performance in over two decades.  According to tentative data from the ...

Economy

KOSPI Hits Another Record High, Tops 3,200 for 1st Time

Written: 2021-01-25 15:52:27 / Updated: 2021-01-25 16:01:15

South Korea's main stock market has closed at over three-thousand-200 points for the first time.  The benchmark Korea Composite Stock Price ...

Economy

S. Korea's Air Traffic Halves in 2020 due to COVID-19 Pandemic

Written: 2021-01-24 13:27:12 / Updated: 2021-01-24 14:06:20

Air traffic volume in South Korea halved in 2020 from a year earlier due to the COVID-19 pandemic. According to data from the Ministry of Land, ...

Economy

OECD Indicator for S. Korea Rises for 9th Month

Written: 2021-01-24 13:18:44 / Updated: 2021-01-24 14:05:37

A leading economic index for South Korea posted growth for the ninth straight month in December last year. According to data from the Organization ...

Economy

Finance Chief to Review Steps to Compensate Businesses Hit by Shutdowns

Written: 2021-01-22 15:52:39 / Updated: 2021-01-22 15:54:22

Finance Minister Hong Nam-ki has promised to review calls for legislative steps to compensate business owners who suffered losses due to COVID-19 ...

Economy

KOSPI Ends Friday Down 0.64%

Written: 2021-01-22 15:49:49 / Updated: 2021-01-22 15:53:27

The benchmark Korea Composite Stock Price Index(KOSPI) fell 20-point-21 points, or zero-point-64 percent on Friday, to close the week at three-thousand-140-point-63. The ...

Economy

Biden Era: US Stimulus, Eased Uncertainties to Benefit S. Korean Exports

Written: 2021-01-22 13:28:49 / Updated: 2021-01-22 15:07:27

Anchor: As the Joe Biden administration entered office in the United States this week, attention is drawn to how its policies will affect the South ...

Economy

S. Korea Sets Tariff on Imported Rice Exceeding Quota at 513%

Written: 2021-01-22 11:54:48 / Updated: 2021-01-22 13:36:53

South Korea has officially set its tariff on imported rice exceeding a quota at 513 percent. The Agriculture Ministry said on Friday that revisions ...