Economy

UAE Loads Fuel to Run S. Korean-built Nuclear Reactor

Written: 2020-03-04 12:29:45 / Updated: 2020-03-04 14:15:04

The Korea Electric Power Corporation(KEPCO) said Wednesday that nuclear fuel loading at unit one of the Barakah nuclear power plant is now complete ...

Economy

Gov't Drafts Supplementary Budget to Cope with COVID-19

Written: 2020-03-04 12:25:30 / Updated: 2020-03-04 17:20:17

Anchor: The South Korean government has drafted an eleven-point-seven trillion won supplementary budget plan to cushion the novel coronavirus ...

Economy

S. Korea Sees Sharp Household Debt-to-GDP Ratio Growth

Written: 2020-03-04 11:12:06 / Updated: 2020-03-04 11:41:27

New data found that South Korea saw some of the sharpest growth in its household debt-to-nominal gross domestic product(GDP) ratio among major ...

Economy

S. Korea's FX Reserves Mark First Drop in 6 Months in February

Written: 2020-03-04 10:26:31 / Updated: 2020-03-04 10:42:26

South Korea's foreign currency reserves posted a drop for the first time in six months in February. According to the Bank of Korea on Wednesday, ...

Economy

US Fed Announces Surprise Rate Cut over COVID-19

Written: 2020-03-04 10:19:57 / Updated: 2020-03-04 14:54:37

The U.S. Federal Reserve announced a surprise rate cut of half a percentage point on Tuesday in an effort to mitigate the economic fallout of the novel ...

Economy

Gov't Drafts Larger Supplementary Budget than 2015 MERS Budget to Cope with COVID-19

Written: 2020-03-04 10:08:48 / Updated: 2020-03-06 16:30:36

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Economy

KOSPI Closes Tuesday Up 0.58%

Written: 2020-03-03 15:40:41 / Updated: 2020-03-03 15:45:28

The benchmark Korea Composite Stock Price Index(KOSPI) rose eleven-point-64 points, or point-58 percent, on Tuesday. It ended the day at two-thousand-14-point-15. The ...

Economy

Consumer Prices Jump 1.1% in Feb.

Written: 2020-03-03 14:24:49 / Updated: 2020-03-03 14:38:10

South Korea's consumer prices saw growth of around one percent last month amid the COVID-19 outbreak.  Statistics Korea announced on ...

Economy

S. Korea's Per Capita Income Sees Sharpest Drop in 10 Years

Written: 2020-03-03 13:38:49 / Updated: 2020-03-03 13:58:06

South Korea's per capita income, in terms of U.S. dollar value, saw the sharpest drop in ten years last year. According to the Bank of Korea ...

Economy

Supplementary Budget Plan to Combat COVID-19 Likely to Surpass MERS Extra Budget

Written: 2020-03-02 11:02:55 / Updated: 2020-03-02 11:08:44

The government and the ruling camp are seeking to draft a larger supplementary budget plan on the COVID-19 outbreak than the extra budget earmarked ...