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KOSPI Up 0.04% Tuesday
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose one-point-09 points, or zero-point-04 percent, Tuesday to close at two-thousand-608-point-42. The tech-heavy KOSDAQ increased six-point-48 points, or zero-point-89 percent, to close at 731-point-88.[more...]
Published: 1 hour ago
KIEP: Global Economy to Expand 2.7% in 2025
[Economy] : The Korea Institute for International Economic Policy(KIEP) forecast that the global economy will grow by two-point-seven percent this year. The institute released its 2025 World Economic Outlook report Tuesday and announced that this year’s global economic growth rate is expected to be down half a ...[more...]
Published: 2 hours ago
S. Korea, Malaysia to Hold Ninth Round of FTA Talks This Week
[Economy] : South Korea and Malaysia are set to hold their ninth round of official talks toward a bilateral free trade agreement(FTA) this week. The Ministry of Trade, Industry and Energy said Tuesday that the negotiations will run from Tuesday to Thursday in Kuala Lumpur, with Director General for FTA Negotiations ...[more...]
Published: 9 hours ago
US, China Announce 90-Day Tariff Rollback
[Economy] : The United States and China have agreed to temporarily reduce the high tariffs they have imposed against each other. The two countries jointly announced the 90-day tariff rollback on Monday, following the conclusion of their high-level trade negotiations Washington will lower its tariffs from the ...[more...]
Published: 22 hours ago
KOSPI Jumps 1.17% on US-China Deal Hopes
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) closed more than one percent higher Monday after the U.S. and China concluded their first round of high-level tariff negotiations, fueling optimism about a potential trade agreement. The KOSPI rose 30-point-06 points, or one-point-17 percent, to close ...[more...]
Published: 24 hours ago
Czech Republic to Appeal Injunction Blocking Nuclear Power Deal with S. Korea
[Economy] : The Czech power authority plans to file an appeal with the highest administrative court this week, challenging an injunction that prevents it from signing a nuclear power plant construction deal with Korea Hydro & Nuclear Power. According to government sources on Sunday, Czech authorities explained during ...[more...]
Published: 1 day ago
KOSPI Up 1.17% Monday
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose 30-point-06 points, or one-point-17 percent, Monday to close at two-thousand-607-point-33. The tech-heavy KOSDAQ gained two-point-88 points, or zero-point-40 percent, to close at 725-point-40.[more...]
Published: 1 day ago
Acting President Calls on Ministries to Prepare Thoroughly for Talks with US
[Economy] : Acting President Lee Ju-ho called on relevant ministries to do their best in trade negotiations with the United States, seeking to maximize the national interest and achieve mutual benefits for both countries. Lee made the remarks Monday while presiding over an economic security strategy meeting at the ...[more...]
Published: 1 day ago
Nuclear Power Becomes South Korea’s Top Energy Source for First Time
[Economy] : Nuclear power overtook coal last year to become South Korea’s largest source of electricity for the first time. According to the Ministry of Trade, Industry and Energy on Monday, nuclear power accounted for 31-point-seven percent of total electricity generation in 2024, producing 188-point-eight ...[more...]
Published: 1 day ago
SKT Launches ‘USIM Reset’ Option amid SIM Card Shortage after Hacking Incident
[Economy] : SK Telecom(SKT) has introduced a new “USIM reset” option as it continues to face challenges in securing enough replacement SIM cards following a major hacking incident. Starting Monday, the reset allows users to reuse their existing SIM cards by updating internal identification data instead of replacing ...[more...]
Published: 1 day ago
KDI Warns of Economic Slowdown amid Falling Exports to US
[Economy] : A state-run think tank has warned of an economic slowdown, citing worsening external conditions and declining exports. In its May economic report, released Monday, the Korea Development Institute used the term “economic slowdown” for the first time this year after referring to “downside risks” or ...[more...]
Published: 1 day ago
Exports Plunge 23.8% in First 10 Days of May
[Economy] : Exports plunged more than 20 percent in the first ten days of May due to fewer working days and the impact of U.S. tariffs. According to preliminary data from the Korea Customs Service on Monday, the country’s outbound shipments reached 12-point-eight billion U.S. dollars during the cited period, down ...[more...]
Published: 1 day ago
S. Korea Posts Lowest Q1 Economic Growth among Major Economies
[Economy] : South Korea recorded the lowest economic growth among 19 major economies in the first quarter. According to the Bank of Korea on Sunday, the country's real gross domestic product (GDP) contracted by zero-point-246 percent in the January-March period compared to the previous quarter. This marked ...[more...]
Published: 2 days ago
KOSPI Ends 3-Day Rally on Profit-Taking
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) edged lower Friday, ending a three-day rally on profit-taking, as investors unloaded battery and bank shares despite eased trade tensions after a U.S.-U.K. trade deal. The KOSPI shed two-point-21 points, or zero-point-09 percent, to close at ...[more...]
Published: 4 days ago
KOSPI Down 0.09% Friday
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) shed two-point-21 points, or zero-point-09 percent, Friday to close at two-thousand-577-point-27. The tech-heavy KOSDAQ dropped seven-point-07 points, or zero-point-97 percent, to close at 722-point-52.[more...]
Published: 4 days ago
Seoul Apartment Prices Continue to Rise; Upward Trend Also Affects Sejong City
[Economy] : As Seoul apartment prices continue to rise, the Sejong region is also seeing an upward trend in the run-up to the snap election. The Korea Real Estate Board announced its weekly price trend report for the first week of May on Friday, which saw Seoul’s apartment prices rising zero-point-08 percent, ...[more...]
Published: 4 days ago
S. Korea Posts Current Account Surplus in March for 23rd Straight Month
[Economy] : South Korea posted a current account surplus in March for the 23rd consecutive month. According to preliminary data from the Bank of Korea on Friday, the surplus stood at nine-point-14 billion dollars for the month, up two billion dollars from a month earlier and two-point-two billion dollars from a ...[more...]
Published: 4 days ago
KOSPI Climbs for Third Straight Day on Battery, Retail Gains
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) extended its winning streak to a third session Thursday, lifted by strong performances in battery and retail shares. The KOSPI rose five-point-68 points, or zero-point-22 percent, to close at two-thousand-579-point-48. Downward pressure remained as ...[more...]
Published: 5 days ago
SKT CEO Says Carrier Could Lose 7 Tln over 3 Years
[Economy] : SK Telecom CEO Ryu Young-sang has estimated that his company will suffer seven trillion won in damages over three years due to the recent hacking incident that compromised the carrier’s subscriber information. That’s about five billion U.S. dollars. During a hearing of the National Assembly’s ...[more...]
Published: 5 days ago
KOSPI Up 0.22% Thursday
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) rose five-point-68 points, or zero-point-22 percent, Thursday to close at two-thousand-579-point-48. The tech-heavy KOSDAQ gained six-point-78 points, or zero-point-94 percent, to close at 729-point-59.[more...]
Published: 5 days ago
KDI: South Korea May Become Zero-Growth Economy by 2040
[Economy] : Anchor: The Korea Development Institute on Thursday issued a gloomy outlook for the nation, saying the potential economic growth rate will nearly flatline to around zero percent in 15 years amid a super aging society, unless major reforms are made. Rosyn Park reports. Report: The Korea Development ...[more...]
Published: 5 days ago
FX Reserves Fall to 5-Year Low in April
[Economy] : South Korea’s foreign reserves decreased by nearly five billion dollars in April, hitting their lowest point in five years. According to the Bank of Korea(BOK) on Thursday, the nation’s foreign currency reserves stood at 404-point-67 billion dollars as of the end of April, down four-point-99 billion ...[more...]
Published: 5 days ago
KOSPI Rises for Second Day on US-China Talks
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) climbed for a second straight day Wednesday, boosted by optimism over U.S.-China trade negotiations. The KOSPI gained 14-point-01 points, or zero-point-55 percent, to close at two-thousand-573-point-80. Investor sentiment was lifted by the ...[more...]
Published: 6 days ago
KOSPI Up 0.55% Wednesday
[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) gained 14-point-01 points, or zero-point-55 percent, Wednesday to close at two-thousand-573-point-80. The tech-heavy KOSDAQ rose zero-point-95 points, or zero-point-13 percent, to close at 722-point-81.[more...]
Published: 6 days ago
S. Korea, US to Hold Ministerial Talks Next Week during USTR’s Visit
[Economy] : The government says Seoul and Washington will hold ministerial talks when U.S. Trade Representative Jamieson Greer visits South Korea next week. Acting President Lee Ju-ho said Wednesday that South Korea and the U.S. will hold ministerial talks and additional technical discussions on the sidelines of the ...[more...]
Published: 6 days ago
Gov’t Vows to Finalize Czech Nuclear Power Plant Deal Swiftly
[Economy] : Trade, Industry and Energy Minister Ahn Duk-geun said that despite unforeseen circumstances, the government will finalize the nuclear power plant deal with the Czech Republic as swiftly as possible. The minister made the statement Wednesday in a meeting with reporters upon arriving in Prague, after a ...[more...]
Published: 6 days ago
High Prices Drive Down Both Grocery and Dining Spending in South Korea
[Economy] : Households in South Korea have been cutting back on grocery purchases and dining out for over two years. According to Statistics Korea, both the food and beverage retail sales index and the restaurant production index have been on a steady decline since 2023. This marks the first time since 2006, when ...[more...]
Published: 1 week ago
Won-Dollar Rate Volatility Hits Highest in 29 Months
[Economy] : The volatility of South Korea's local currency against the U.S. dollar soared to its highest level in over two years last month. According to the Bank of Korea on Sunday, the average daily fluctuation in the won-dollar exchange rate for April was nine-point-seven won or zero-point-67 ...[more...]
Published: 1 week ago
25% US Tariff on Foreign Car Parts Takes Effect, Korean Suppliers Braced for Impact
[Economy] : A 25-percent U.S. tariff on imported auto parts officially took effect on Saturday. As outlined in U.S. President Donald Trump’s March 26 proclamation, the tariff began at 12:01 a.m. Eastern Time. It follows a similar 25-percent duty on foreign-made cars that was implemented last month. To ease ...[more...]
Published: 1 week ago
Gov't to Continue US Trade Consultations, Transfer Progress to Next Admin
[Economy] : The government intends to calmly proceed with ongoing trade consultations with the United States and smoothly transfer any progress to the next administration. The remarks came during a meeting presided over by Trade Minister Cheong In-kyo on Friday to review the government's capacity to manage trade ...[more...]
Published: 2 weeks ago
