Economy

S. Korea to Allow Arrival Duty Free Shops

Written: 2018-09-27 10:28:13 / Updated: 2018-09-27 14:20:03

Duty-free shopping upon arrival in South Korea should be ready by next June. The Finance Ministry finalized the plan as part of a broader range ...

Economy

BOK Chief: US Rate Hike to Have Limited Impact on S. Korea

Written: 2018-09-27 10:03:22 / Updated: 2018-09-27 10:35:31

Related News

US Fed Raises Key Rate for Third Time This Year

Economy

US Fed Raises Key Rate for Third Time This Year

Written: 2018-09-27 08:22:38 / Updated: 2018-09-27 09:41:11

The U.S. Federal Reserve raised its benchmark interest rate by a quarter of a percentage point to a range of two percent to two-point-25 percent on ...

Economy

Exports to Drop Monthly in Sept. due to Chuseok Holiday, but Set to Beat Daily Record

Written: 2018-09-26 13:42:44 / Updated: 2018-09-26 13:46:20

South Korea's Ministry of Trade, Industry and Energy says it's expecting a drop in the country’s exports in September from last year ...

Economy

American Investors Bought Most Amount of Korean Stocks This Yr.

Written: 2018-09-25 11:26:40 / Updated: 2018-09-25 12:31:01

The Financial Supervisory Service(FSS) says that out of all foreign investors, it was Americans who bought the highest amount of Korean stocks ...

Economy

Moon, Trump Release Joint Statement on Revised FTA

Written: 2018-09-25 10:00:56 / Updated: 2018-09-25 11:12:39

President Moon Jae-in and U.S. President Donald Trump released a joint statement Tuesday hailing a revised South Korea-U.S. free trade agreement(FTA) ...

Economy

More Firms Procuring Capital before Rate Hike

Written: 2018-09-24 13:47:19 / Updated: 2018-09-24 13:49:16

South Korean firms' money supply is growing fast this year as businesses try to secure funds before an interest rate hike. According to ...

Economy

S. Korea's Discouraged Jobseekers, Long Term Jobless Hit Record High

Written: 2018-09-23 13:47:16 / Updated: 2018-09-23 14:02:17

The number of people who gave up looking for work after long-term unemployment has reached a record high this year.   According to Statistics ...

Economy

Real Estate Transaction Volume in Seoul Lowest in 2 Months

Written: 2018-09-22 14:11:53 / Updated: 2018-09-22 14:22:43

Real estate transactions in Seoul have sharply dropped since the government announced stabilization measures for the housing market on September ...

Economy

Gasoline Price Tops W1,640 Ahead of Chuseok

Written: 2018-09-22 13:13:50 / Updated: 2018-09-22 14:26:14

The Korea National Oil Corporation says domestic gasoline and diesel prices have risen by more than ten won per liter ahead of the Chuseok holiday. The ...