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[Economy] : The average prices of gasoline and diesel both dropped amid a decline in international oil prices due largely to a rise in U.S. crude oil reserves. According to the Korea National Oil Corporation's(KNOC) price information system Opinet on Saturday, the average price of gasoline fell one-point-seven won ...[more...]

Published: 2 days ago

New Financial Regulator Chief Pledges Measured Approach, Tough Stance on Stock Manipulation

[Economy] : Newly appointed Financial Supervisory Service (FSS) Governor Lee Chan-jin said he is “not a radical person” and will not take any immediate actions that could unsettle markets. Speaking after his inauguration Wednesday, Lee emphasized his preference for consensus-based decision-making, seeking to ease ...[more...]

Published: 4 days ago

Seoul Shares Inch Higher as Defense, Cosmetics Gains Offset Chip Weakness

[Economy] : South Korean shares finished marginally higher Thursday as gains in defense and cosmetics offset weakness in chip and pharmaceutical names. The benchmark Korea Composite Stock Price Index rose one-point-29 points, or zero-point-04 percent, Thursday to close at three-thousand-225-point-66, while the ...[more...]

Published: 4 days ago

Gov’t: Consumption Rebounding on Back of Livelihood Coupons

[Economy] : Consumption in South Korea is on the rise, aided by measures such as livelihood consumption coupons, according to the finance ministry. In the August edition of its monthly economic report, the Green Book, the Ministry of Economy and Finance said consumption has shifted to an upward trend, offering a ...[more...]

Published: 4 days ago

KOSPI Up 0.04% Thursday

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose one-point-29 points, or zero-point-04 percent, Thursday to close at three-thousand-225-point-66. The tech-heavy KOSDAQ gained one-point-16 points, or zero-point-14 percent, to close at 815-point-26.[more...]

Published: 4 days ago

Fuel Tax Cuts Extended through October

[Economy] : The government has extended its fuel tax cuts for two more months, until the end of October. The finance ministry on Thursday announced that the extensions were decided in consideration of the volatility in oil prices and the financial burdens affecting most people. The current fuel tax cuts — ten ...[more...]

Published: 4 days ago

Import Prices Rise in July for First Time in 6 Months

[Economy] : South Korea’s import prices rose for the first time in six months in July amid the won’s depreciation against the U.S. dollar and a rise in global oil prices. According to data from the Bank of Korea on Thursday, the country’s import price index reached 134-point-87 in July, up zero-point-nine ...[more...]

Published: 4 days ago

Trade Chief Vows to Conclude Follow-Up US Tariff Talks, Ease Burden on Exporters

[Economy] : South Korea’s chief trade negotiator Yeo Han-koo pledged Tuesday to conclude follow-up talks on U.S. tariffs with the national interest as the foremost priority, vowing close cooperation with businesses to resolve challenges. Speaking at a meeting in Seoul with exporters affected by high U.S. duties, ...[more...]

Published: 5 days ago

Seoul Shares Rally over 1% amid Rate-Cut Optimism

[Economy] : South Korean stocks snapped a three-day losing streak Wednesday, climbing more than one percent on hopes for a U.S. interest rate cut. Investor sentiment improved after U.S. inflation data met expectations, prompting strong foreign buying. The benchmark Korea Composite Stock Price Index rose ...[more...]

Published: 5 days ago

Homeplus to Shut 15 Stores amid Rehabilitation Efforts

[Economy] : The supermarket chain Homeplus, currently under court-led rehabilitation, will close 15 stores where rent negotiations have failed and offer unpaid leave to headquarters staff on a voluntary basis. The closures, to be carried out sequentially, will affect 15 of the company’s 68 leased stores nationwide, ...[more...]

Published: 5 days ago

KOSPI Up 1.08% Wednesday

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose 34-point-46 points, or one-point-08 percent, Wednesday to close at three-thousand-224-point-37. The tech-heavy KOSDAQ gained six-point-91 points, or zero-point-86 percent, to close at 814-point-10.[more...]

Published: 5 days ago

ICT Exports Set Record for July

[Economy] : Exports in the information and communications technology(ICT) sector in July posted the highest figure on record for the month. According to the ICT Ministry on Wednesday, ICT shipments totaled 22-point-19 billion U.S. dollars last month, up 14-point-five percent from a year earlier. Last month’s ...[more...]

Published: 5 days ago

171,000 Jobs Added in July

[Economy] : The nation added some 170-thousand jobs in July, marking the second consecutive month of job growth in the 100-thousand range. According to Statistics Korea on Wednesday, the number of employed people stood at 29-point-02 million last month, up 171-thousand from the same month last year. The latest ...[more...]

Published: 5 days ago

Business Leader Writes Letter to Lawmakers Expressing Concern over 'Yellow Envelope Bill'

[Economy] : The chief of the Korea Enterprises Federation has written letters to National Assembly lawmakers, voicing concern over the so-called “yellow envelope bill” that passed a session of the National Assembly’s Legislative and Judiciary Committee on Friday. According to the federation, Sohn Kyung-shik, ...[more...]

Published: 5 days ago

KOSPI Falls for Third Straight Session ahead of US Inflation Data

[Economy] : South Korean stocks extended their losing streak to a third session on Tuesday as investors stayed on the sidelines ahead of the release of U.S. inflation data, widely seen as a key indicator of the Federal Reserve’s next policy moves. The benchmark Korea Composite Stock Price Index fell 16-point-86 ...[more...]

Published: 6 days ago

KOSPI Falls 0.53% Tuesday

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell 16-point-86 points, or zero-point-53 percent, Tuesday to close at three-thousand-189-point-91. The tech-heavy KOSDAQ lost four-point-66 points, or zero-point-57 percent, to close at 807-point-19.[more...]

Published: 6 days ago

KDI Maintains 2025 Growth Forecast at 0.8% amid Construction Slump

[Economy] : The Korea Development Institute(KDI) has maintained its 2025 economic growth forecast at zero-point-eight percent, citing a prolonged slump in the construction sector despite stronger consumption and expectations for stimulus under the new government. In its revised economic outlook, released Tuesday, the ...[more...]

Published: 6 days ago

DL Group to Provide 200 Bln Won in Additional Funds to Prevent Yeochun NCC from Bankruptcy

[Economy] : DL Group will inject 200 billion won or around 143 million U.S. dollars into Yeochun NCC, one of the nation's leading naphtha-cracking facilities, to avert bankruptcy as the petrochemical sector faces worsening conditions. According to DL Group's holding company, DL Holdings, and subsidiary DL Chemical, a ...[more...]

Published: 6 days ago

South Korean Shares Slip as Investors Await Key US Economic Signals

[Economy] : South Korean shares closed slightly lower Monday as investors stayed on the sidelines ahead of key U.S. inflation data and a deadline for potential higher U.S. tariffs on Chinese imports. The benchmark Korea Composite Stock Price Index(KOSPI) fell three-point-24 points, or zero-point-10 percent, Monday ...[more...]

Published: 7 days ago

Seoul Mayor Orders Review of Home Purchase Restrictions for Nonresident Foreign Nationals

[Economy] : Seoul Mayor Oh Se-hoon has instructed city officials to review possible restrictions on the purchase of high-priced homes by nonresident foreign nationals. During a senior staff meeting on Monday, Oh ordered an examination of regulations in countries such as the United States, Australia, Singapore and ...[more...]

Published: 7 days ago

Gov’t to Lend Rice to Private Sector for First Time amid Soaring Prices

[Economy] : For the first time, the government has decided to lend its rice reserves to the private sector as rice prices continue to soar. The Ministry of Agriculture, Food and Rural Affairs announced on Monday that it will lend government stockpiles to local distributors by the end of August with the aim of getting ...[more...]

Published: 7 days ago

Ratio of Job Openings to Job Seekers Drops to 26-Year Low amid Manufacturing Slump

[Economy] : The number of job openings per job seeker in South Korea fell to zero-point-four in July, the lowest figure for the month in 26 years, due to a slowdown in the manufacturing sector. Data from the Ministry of Employment and Labor on Monday showed that new job postings on the ministry’s Employment24 ...[more...]

Published: 7 days ago

KOSPI Ends Monday Down 0.10%

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) fell three-point-24 points, or zero-point-10 percent, Monday to close at three-thousand-206-point-77. The tech-heavy KOSDAQ gained two-point-58 points, or zero-point-32 percent, to close at 811-point-85.[more...]

Published: 7 days ago

Online Bookstore Yes24 Suffers Yet Another Ransomware Attack

[Economy] : The online bookstore Yes24 has been hit by another ransomware attack, two months after an earlier hacking incident disrupted service. The nation’s largest online bookstore, whose website was completely shut down in June after the first attack, became inaccessible for seven hours early on Monday, before ...[more...]

Published: 7 days ago

Finance Minister Tells Moody's S. Korea will Boost Growth through Bold Fiscal Measures

[Economy] : Finance Minister Koo Yun-cheol has assured Moody's Investors Service that South Korea will stimulate economic growth through bold fiscal input aimed at generating high-productivity investment effects. The Ministry of Economy and Finance said on Sunday that Koo made the remarks during annual ...[more...]

Published: 1 week ago

Seoul Shares Finish Lower Friday as Defense Stocks Decline

[Economy] : The benchmark Korea Composite Stock Price Index lost 17-point-67 points, or zero-point-55 percent, Friday to close at three-thousand-210-point-01. Investors cashed out defense stocks amid expectations that next week’s U.S.-Russia summit might bring an end to the Russia-Ukraine war. While Hanwha ...[more...]

Published: 1 week ago

Trade Minister Vows to Deepen US Manufacturing Partnerships in Strategic Sectors

[Economy] : Trade Minister Yeo Han-koo has met with U.S. companies operating in South Korea and pledged to strengthen manufacturing partnerships in strategic sectors such as shipbuilding, automobiles, semiconductors, biopharmaceuticals, batteries and nuclear power. Speaking at a meeting hosted by the American Chamber ...[more...]

Published: 1 week ago

S. Korea Shares Rise on Gains by Tech, Auto Sectors

[Economy] : South Korean stocks tracked overnight gains on Wall Street, closing higher Thursday, with particular strength shown in the tech and auto sectors. The benchmark Korea Composite Stock Price Index(KOSPI) rose 29-point-54 points, or zero-point-92 percent, Thursday to close at ...[more...]

Published: 2 weeks ago

KOSPI Up 0.92% Thursday

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose 29-point-54 points, or zero-point-92 percent, Thursday to close at three-thousand-227-point-68. The tech-heavy KOSDAQ gained two-point-32 points, or zero-point-29 percent, to close at 805-point-81.[more...]

Published: 2 weeks ago

Trump’s New Reciprocal Tariffs Take Effect, Pushing S. Korea’s Rate to 15%

[Economy] : U.S. President Donald Trump’s sweeping new reciprocal tariffs on dozens of trading partners around the world officially took effect just after 1 p.m. Thursday, Korea Standard Time. As a result, higher tariffs ranging from a minimum of 10 percent to a maximum of 41 percent were applied to 68 ...[more...]

Published: 2 weeks ago

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