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Economy

KOSPI Falls 0.90% Thursday

Written: 2018-12-20 15:55:31Updated: 2018-12-20 15:55:51

The benchmark Korea Composite Stock Price Index(KOSPI) lost 18-point-72 points, or point-90 percent, on Thursday. It closed the day at two-thousand-60-point-12.  The ...

Economy

"Zero Pay" System Enters Trial-based Service

Written: 2018-12-20 15:06:44Updated: 2018-12-21 10:05:28

A new state-initiated easy payment system called "Zero Pay" is now in service on a trial basis.   It's a mobile direct transaction system utilizing ...

Economy

Average Household Has 75 Mln Won in Debt

Written: 2018-12-20 14:32:38Updated: 2018-12-20 15:05:11

New data indicates South Korean household debt continues to grow faster than household income.  Statistics Korea, the Bank of Korea and the Financial ...

Economy

BOK Chief: US Rate Hike Not Unexpected

Written: 2018-12-20 10:23:17Updated: 2018-12-20 11:17:05

Bank of Korea Governor Lee Ju-yeol has said the latest key rate hike by the Federal Reserve was not unexpected, and that it remains to be seen what ...

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