Economy

S. Korea's Job Losses Continue for Seventh Month

Written: 2020-10-16 08:53:19 / Updated: 2020-10-16 10:51:29

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KOSPI Ends Thursday Down 0.81%

Written: 2020-10-15 15:43:03 / Updated: 2020-10-15 15:47:20

The benchmark Korea Composite Stock Price Index(KOSPI) fell 19-point-27 points, or zero-point-81 percent, on Thursday to close at two-thousand-361-point-21. The ...

Economy

S. Korea's Deputy FM to Visit Mexico for Talks on Economic Cooperation

Written: 2020-10-15 15:11:47 / Updated: 2020-10-15 16:00:12

South Korea's Deputy Foreign Minister Kim Gunn will visit Mexico next week for talks with his counterpart and other officials on economic cooperation, ...

Economy

Gov't to Provide 800 Bln Won for Transition to Hydrogen Economy

Written: 2020-10-15 14:31:11 / Updated: 2020-10-15 14:46:45

Prime Minister Chung Sye-kyun has vowed the government’s full support toward making South Korea a powerhouse of hydrogen economies.  Chairing ...

Economy

KOSPI Ends Wednesday Down 0.94%

Written: 2020-10-14 15:41:54 / Updated: 2020-10-14 18:14:29

The benchmark Korea Composite Stock Price Index(KOSPI) fell 22-point-67 points, or zero-point-94 percent, on Wednesday to close at two-thousand-380-point-48. The ...

Economy

Chung Eui-sun Becomes Hyundai Motor Group Chairman

Written: 2020-10-14 10:49:10 / Updated: 2020-10-14 11:36:50

Hyundai Motor Group heir-apparent Chung Eui-sun has become the group’s new chairman.  The conglomerate said Chung was promoted to replace his ...

Economy

BOK Keeps Key Interest Rate at 0.5%

Written: 2020-10-14 10:04:26 / Updated: 2020-10-14 18:30:10

The Bank of Korea(BOK) kept its key interest rate at point-five percent. The BOK's monetary policy board announced the decision in a statement ...

Economy

IMF Slightly Upgrades S. Korea's 2020 Growth Forecast

Written: 2020-10-14 08:18:01 / Updated: 2020-10-14 09:45:21

The International Monetary Fund(IMF) slightly upgraded its growth outlook for South Korea for this year. In its World Economic Outlook report ...

Economy

Eastar Jet to Dismiss 605 Employees on Wed.

Written: 2020-10-13 15:53:37 / Updated: 2020-10-13 15:54:35

Eastar Jet plans to dismiss 605 employees on Wednesday as the airline industry struggles to stay afloat amid the COVID-19 pandemic. With the ...

Economy

KOSPI Ends Tuesday Down 0.02%

Written: 2020-10-13 15:36:51 / Updated: 2020-10-13 16:56:18

The benchmark Korea Composite Stock Price Index(KOSPI) fell point-58 points, or point-02 percent, on Tuesday to close at two-thousand-403-point-15. The ...