Economy

US Announces End to Waivers for Iranian Oil Sanctions

Written: 2019-04-23 11:01:46 / Updated: 2019-04-23 17:52:18

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‘U.S. Doesn’t Want Korea to Suffer from Iran Oil Measures'

White House: US Ends Waivers for Iranian Oil Sanctions

Economy

Gov't Extends 'Industrial Crisis Zone' Designation for 5 Regions

Written: 2019-04-23 09:58:17 / Updated: 2019-04-23 14:00:23

The government has extended the designation of industrial crisis zones for five local areas by two years. The Ministry of Trade, Industry and ...

Economy

Creditors to Provide 1.6 Tln Won in Support to Asiana Airlines

Written: 2019-04-23 09:29:41 / Updated: 2019-04-23 17:52:29

Finance Minister Hong Nam-ki said the creditors of Asiana Airlines plan to provide one-point-six trillion won of financial support to address ...

Economy

Samsung Delays Release of Galaxy Fold over Display Issues

Written: 2019-04-23 08:47:48 / Updated: 2019-04-23 10:04:03

Samsung Electronics has delayed the launch of its folding smartphone after early reviewers of the device reported problems with screens breaking.   The ...

Economy

'Employment Conditions for Youngsters Improving Thanks to Financial Support'

Written: 2019-04-22 18:03:13 / Updated: 2019-04-22 18:15:29

The government says employment conditions for young South Koreans are improving thanks to its policies that provide young jobseekers with financial ...

Economy

KOSPI Inches Up 0.02% to 2,216.65 Monday

Written: 2019-04-22 15:58:27 / Updated: 2019-04-22 15:58:48

The benchmark Korea Composite Stock Price Index(KOSPI) inched up point-50 point, or point-02 percent, on Monday. It ended the day at two-thousand-216-point-65.  The ...

Economy

Samsung Delays Galaxy Fold Media Events in China

Written: 2019-04-22 13:52:50 / Updated: 2019-04-22 14:28:15

Samsung Electronics delayed media events for its Galaxy Fold smartphone scheduled in China following reports by U.S. reviewers that the pre-release ...

Economy

S. Korea to Nurture Non-memory Chips, Bio, Future Cars

Written: 2019-04-22 10:50:36 / Updated: 2019-04-22 11:57:46

South Korea’s government will nurture non-memory chips, bio-health and next-generation cars as key industries.  A senior presidential official ...

Economy

S. Korea Collects 378 Tln Won in Taxes in 2018

Written: 2019-04-21 13:54:26 / Updated: 2019-04-21 14:07:48

South Korea collected nearly 378 trillion won in local and central government taxes last year, with the tax-to-gross domestic product (GDP) ratio ...

Economy

Gov't Expects Improving Exports in 2nd Half of Year

Written: 2019-04-19 18:59:18 / Updated: 2019-04-19 19:07:46

The South Korean government expects the country’s exports will gradually recover in the latter half of the year.  The projection was issued during ...