Economy

S. Korean Benchmark KOSPI Nosedives Over 8%

Written: 2020-03-19 11:29:06 / Updated: 2020-03-19 12:51:04

South Korea's benchmark stock index lost over eight percent, falling below one-thousand-500 on this Thursday afternoon.  As of 12:18 p.m., ...

Economy

Hyundai Motor Shuts Down US Plant after Employee Tests Positive for COVID-19

Written: 2020-03-19 10:24:24 / Updated: 2020-03-19 10:49:51

Hyundai Motor has shut down operations at its auto factory in the U.S. state of Alabama after an employee tested positive for COVID-19. The carmaker ...

Economy

Gov't Prepared to Activate Market Stabilization Measures if Needed

Written: 2020-03-19 10:05:34 / Updated: 2020-03-19 10:35:28

The South Korean government has announced that if necessary it will take measures to stabilize financial markets, including expanding bond market ...

Economy

Markets Nosedive Again, Dow Jones Falls Below 20,000

Written: 2020-03-19 08:33:40 / Updated: 2020-03-19 09:21:25

Global markets are tanking again just one day after a brief stimulus-fueled recovery. In New York, the  Dow Jones Industrial Average closed ...

Economy

S. Korea Rolls Out Additional Emergency Measures to Support Coronavirus-Hit Industries

Written: 2020-03-18 14:54:26 / Updated: 2020-03-18 15:14:06

The South Korean government has rolled out an additional package of emergency support measures to assist industries hit by the global coronavirus ...

Economy

Moon Stresses National Solidarity in Tackling COVID-19, Economic Fallout

Written: 2020-03-18 13:26:09 / Updated: 2020-03-18 18:39:07

Related News

S. Korea Rolls Out Additional Emergency Measures to Support Coronavirus-Hit Industries

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Economy

Pres. Office, Gov't, Ruling DP Welcome Local Governments' Emergency COVID-19 Aid

Written: 2020-03-18 11:56:06 / Updated: 2020-03-18 11:59:22

The presidential office, government and ruling Democratic Party(DP) welcomed emergency financial support by some local governments amid the ...

Economy

COVID-19 Outbreak Taking Toll on S. Korea's Airport, Rail, Highway Operators

Written: 2020-03-18 10:20:54 / Updated: 2020-03-18 11:25:54

The coronavirus outbreak is taking a toll on South Korea's state airport, railway and highway operators due to a sharp decrease in travelers.  According ...

Economy

S. Korea Loosens Cap on Banks' Currency Forward Positions

Written: 2020-03-18 08:56:55 / Updated: 2020-03-18 09:31:10

South Korea has loosened the cap on the foreign currency forward positions for local banks by 25 percent to encourage financial institutions to ...

Economy

S. Korea to Launch Emergency Economic Council on COVID-19 Impact

Written: 2020-03-17 15:58:47 / Updated: 2020-03-17 16:03:56

President Moon Jae-in has ordered the launch of an "emergency economic council" that he will chair to discuss measures aimed at minimizing the economic ...