Economy

S. Korea to Provide Emergency Disaster Relief Funds to 70% of Households

Written: 2020-03-30 15:16:45 / Updated: 2020-03-30 18:45:40

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S. Korea to Offer Reductions, Exemptions of 4 Social Insurance, Electricity Fee Payments

Gov't to Provide Direct Cash Aid to Bottom 70% Income Bracket

Economy

KITA: 9 Out of 10 S. Korean Businesses in Europe Suffering Damage from COVID-19 Pandemic

Written: 2020-03-30 12:07:15 / Updated: 2020-03-30 13:25:17

Nine out of ten South Korean companies doing business in Europe say they have suffered great damage from the novel coronavirus pandemic. According ...

Economy

Gov't Decides to Give 1 Mln Won to 70% of Households to Cope with COVID-19

Written: 2020-03-30 11:40:25 / Updated: 2020-03-30 12:43:23

The government has decided to supply a one-off, lump-sum financial support for the public to help the nation cope with the impact of the COVID-19 ...

Economy

Basel III Implementation Deferred Due to COVID-19

Written: 2020-03-30 11:25:52 / Updated: 2020-03-30 13:22:20

The implementation date of the Basel III standards has been deferred by one year to January 1, 2023. Basel III is a set of tougher rules on banks aimed ...

Economy

KOSPI Opens Lower on Mon.

Written: 2020-03-30 10:52:45 / Updated: 2020-03-30 11:00:58

South Korean stocks opened lower on Monday amid the continuing global spread of the COVID-19 pandemic.  The benchmark Korea Composite Stock ...

Economy

Gas Prices Continue to Fall for 9th Week

Written: 2020-03-28 14:15:25 / Updated: 2020-03-28 14:42:41

Gasoline prices nationwide continue to fall for the ninth week as a plunge in global prices is earnestly reflected at home. According to Opinet, ...

Economy

KOSPI Rises 1.9% Friday

Written: 2020-03-27 15:59:42 / Updated: 2020-03-27 17:21:28

The benchmark Korea Composite Stock Price Index(KOSPI) ended the week higher, rising above the 17-hundred mark. On Friday, the KOSPI gained ...

Economy

Number of People Entering, Leaving S. Korea Halved Amid COVID-19 Pandemic

Written: 2020-03-27 13:28:16 / Updated: 2020-03-27 14:15:33

The number of people entering and leaving South Korea halved last month, due to the novel coronavirus. According to the latest data by the Korea ...

Economy

Consumer Sentiment in S. Korea Plunges to Decade-Low amid Coronavirus Concerns

Written: 2020-03-27 13:01:53 / Updated: 2020-03-27 13:14:53

Consumer sentiment in South Korea plunged to a decade-low amid rising concerns over the economic fallout from the COVID-19 pandemic. According ...

Economy

KOSPI Down 1.09% Thursday

Written: 2020-03-26 15:46:22 / Updated: 2020-03-26 15:54:57

The benchmark Korea Composite Stock Price Index(KOSPI) fell 18-point-52 points, or one-point-09 percent, on Thursday to close at one-thousand-686-point-24. The ...