Economy

BOK Chief Hints at Rate Cut

Written: 2019-06-12 09:33:46 / Updated: 2019-06-12 11:06:07

Bank of Korea(BOK) Governor Lee Ju-yeol has hinted at a possible cut of the key rate amid trade tensions between the U.S. and China. In a speech marking ...

Economy

KOSPI Closes Tuesday Up 0.59%

Written: 2019-06-11 15:50:03 / Updated: 2019-06-11 15:54:24

South Korean stocks were up on Tuesday as China moved to increase public spending and U.S.-Mexico trade tensions appeared to dissipate. The benchmark ...

Economy

Samsung Heir's Close Aide Summoned for Questioning in Accounting Fraud Scandal

Written: 2019-06-11 09:47:20 / Updated: 2019-06-11 11:23:13

A close aide to Samsung Electronics Vice Chairman Lee Jae-yong has been summoned for questioning regarding alleged accounting fraud at a biotech ...

Economy

S. Korea's Longest Undersea Tunnel Penetrated After 7 Years

Written: 2019-06-10 16:57:28 / Updated: 2019-06-10 17:08:59

Construction to penetrate one of the two tubes of the nation’s longest undersea tunnel, the Boryeong Undersea Tunnel in South Chungcheong Province ...

Economy

KOSPI Closes Monday Up 1.31%

Written: 2019-06-10 15:44:11 / Updated: 2019-06-10 15:44:19

The benchmark Korea Composite Stock Price Index(KOSPI) gained 27-point-16 points, or one-point-31 percent, on Monday. It ended the day at two-thousand-99-point-49. The ...

Economy

Seoul, London Establish Post-Brexit FTA

Written: 2019-06-10 15:32:30 / Updated: 2019-06-10 18:24:49

Anchor: South Korea and Britain reached an agreement to keep their current free trade terms intact even in the event of a "no-deal" Brexit. South ...

Economy

Ruling Bloc Says Extra Budget Must be Executed in July

Written: 2019-06-10 14:09:41 / Updated: 2019-06-10 15:59:03

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Economy

KDI: S. Korea's Economy Slows on Falling Exports

Written: 2019-06-10 13:54:11 / Updated: 2019-06-10 16:03:06

The South Korean economy has slowed due to a decline in exports, according to a state-run think tank. The Korea Development Institute(KDI) on ...

Economy

Finance Minister, IMF Chief Reaffirm Need for Expansionary Policies

Written: 2019-06-10 12:00:41 / Updated: 2019-06-10 14:13:53

Finance Minister Hong Nam-ki and International Monetary Fund(IMF) Managing Director Christine Lagarde have again shared the view that expansionary ...

Economy

S. Korea, Britain Agree on Post-Brexit FTA

Written: 2019-06-10 11:52:51 / Updated: 2019-06-10 14:45:29

Anchor: South Korea and the United Kingdom agreed to maintain current agreements on free trade regardless of the circumstances of the U.K.’s scheduled ...