Economy

Booyoung Group Chief Faces Questioning

Written: 2018-01-31 10:37:23 / Updated: 2018-01-31 11:42:36

Prosecutors are grilling the head of a local construction giant over allegations of tax evasion and embezzlement.   Booyoung Group Chairman ...

Economy

Samsung Electronics Unveils 50:1 Stock Split

Written: 2018-01-31 10:28:28 / Updated: 2018-01-31 11:09:20

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Samsung Electronics Reports Record Quarterly Profit in Q4

Economy

Samsung Electronics Reports Record Quarterly Profit in Q4

Written: 2018-01-31 10:09:19 / Updated: 2018-01-31 11:21:31

Samsung Electronics has reported record quarterly profit in the fourth quarter of last year. The South Korean tech giant said in a regulatory ...

Economy

S. Korea's Industrial Output, Investment Up in December

Written: 2018-01-31 09:39:15 / Updated: 2018-01-31 10:49:33

South Korea's overall industrial output and investment increased in December but private consumption remained weak.   According to Statistics ...

Economy

Personal Credit Ratings to Be Measured by Points, not Grades

Written: 2018-01-30 17:35:23 / Updated: 2018-01-30 18:58:37

South Korea is changing the way personal credit ratings are measured from the current grade system to a points-based system.  The Financial Services ...

Economy

Market Capitalization of Local Stocks Hits 2 Quadrillion Won

Written: 2018-01-30 17:01:45 / Updated: 2018-01-30 17:09:24

South Korea's local stocks have hit two quadrillion won in market capitalization. According to the Korea Exchange on Tuesday, the value of ...

Economy

Gov't-wide Task Force to Tackle Youth Unemployment

Written: 2018-01-30 16:57:50 / Updated: 2018-01-30 18:52:33

A government-wide task force will be set up to tackle youth unemployment, which President Moon Jae-in has called a "near national disaster." The ...

Economy

KOSPI Closes 1.17% Lower, Ending at 2,567.74

Written: 2018-01-30 15:45:43 / Updated: 2018-01-30 15:45:57

The benchmark Korea Composite Stock Price Index(KOSPI) on Tuesday fell 30-point-45 points, or one-point-17 percent, closing the day at two-thousand-567-point-74.   The ...

Economy

S. Korea Launches Real-Name Verification for Cryptocurrency Traders

Written: 2018-01-30 15:32:07 / Updated: 2018-01-30 15:32:38

South Korea began enforcing real-name verification measures for cryptocurrency traders on Tuesday as part of the government's measures to crack ...

Economy

Business Sentiment Worsens in January

Written: 2018-01-30 08:32:44 / Updated: 2018-01-30 09:28:22

South Korean firms' business sentiment worsened in January after improving for two straight months. According to the Bank of Korea(BOK) on Tuesday, ...