Economy

BOK Chief Says Now Not the Time to Lower Key Interest Rate

Written: 2019-05-31 14:07:58 / Updated: 2019-05-31 15:20:34

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BOK Freezes Key Rate at 1.75% on Economic Uncertainties

Economy

BOK Freezes Key Rate at 1.75% on Economic Uncertainties

Written: 2019-05-31 11:02:56 / Updated: 2019-05-31 11:31:23

South Korea's central bank voted to freeze its key interest rate at one-point-75 percent amid lingering global economic uncertainties caused ...

Economy

Hyundai Heavy Labor, Management in Stand-off Over Daewoo Deal

Written: 2019-05-31 10:44:00 / Updated: 2019-05-31 11:25:40

Hyundai Heavy Industries is holding a shareholders' meeting to decide on the acquisition of a rival Korean shipbuilder, raising concerns of a possible ...

Economy

Reorganized Minimum Wage Body Holds First Meeting

Written: 2019-05-30 16:53:28 / Updated: 2019-05-30 17:15:49

The new chief of the Minimum Wage Commission said that he believes there is a certain degree of social consensus that the pace of minimum wage hikes ...

Economy

Overseas Securities Investment by S. Korean Institutions Post Record Gain in Q1

Written: 2019-05-30 16:50:21 / Updated: 2019-05-30 18:05:31

Overseas securities purchased by South Korean financial institutions, including asset management and insurance companies, posted record growth ...

Economy

KOSPI Closes Thursday Up 0.77%

Written: 2019-05-30 16:07:48 / Updated: 2019-05-30 16:07:55

The benchmark Korea Composite Stock Price Index(KOSPI) gained 15-point-48 points, or point-77 percent, on Thursday. It ended the day at two-thousand-38-point-80. The ...

Economy

Huawei Launches 5G Open Lab in Seoul Amid US Pressure Campaign

Written: 2019-05-30 14:02:35 / Updated: 2019-05-30 14:19:14

China's Huawei has launched a research and development space for next-generation 5G wireless technology in South Korea. The world's top producer ...

Economy

KOSPI Closes Wednesday Down 1.25%

Written: 2019-05-29 16:02:40 / Updated: 2019-05-29 16:03:17

The benchmark Korea Composite Stock Price Index(KOSPI) lost 25-point-51 points, or one-point-25 percent, on Wednesday. It ended the day at two-thousand-23-point-32, ...

Economy

Experts Conclude Fatal Dam Collapse in Laos Could Have Been Prevented

Written: 2019-05-29 16:00:59 / Updated: 2019-05-29 17:07:14

A team of international experts has concluded that a fatal hydropower dam collapse that claimed the lives of at least 40 people and forced dozens ...

Economy

US Treasury Declines to Label S. Korea as Currency Manipulator; Remains on Watchlist

Written: 2019-05-29 09:32:22 / Updated: 2019-05-29 17:32:27

The U.S. Treasury Department has declined labeling South Korea as a currency manipulator, but will keep the country on an associated watchlist. In ...