<![CDATA[News - English [KBS WORLD Radio] | Economy]]> 15 en <![CDATA[October Exports Rise 3.6% despite US Tariffs, Holiday Slowdown]]> South Korea’s exports rose three-point-six percent in October from a year earlier, marking a fifth straight month of growth despite U.S. tariff pressure and fewer working days during the long Chuseok holiday. According to the trade ministry, outbound shipments totaled 59-point-six billion dollars — the ...

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KBS WORLD Radio Sat, 01 Nov 2025 13:09:13 +0900 Economy
<![CDATA[Lee Says Korean Economy Recovering Rapidly, IMF Chief Expects 'Rebound Next Year']]> President Lee Jae-myung met the International Monetary Fund(IMF) chief in Gyeongju on Friday and discussed Korea’s economic outlook on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. Lee told the IMF Managing Director Kristalina Georgieva that political uncertainty had eased ...

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KBS WORLD Radio Fri, 31 Oct 2025 18:42:59 +0900 Economy
<![CDATA[Nvidia Chief Sees 'Extraordinary' Opportunity for S. Korea in AI]]> Nvidia CEO Jensen Huang said that South Korea currently has an extraordinary opportunity in artificial intelligence(AI). During the Asia-Pacific Economic Cooperation(APEC) CEO summit in Gyeongju on Friday, the Nvidia chief said South Korea is one of the very few countries with expertise in three areas ...

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KBS WORLD Radio Fri, 31 Oct 2025 18:04:58 +0900 Economy
<![CDATA[Stocks Top 4,100 on Nvidia GPU Deal]]> Seoul shares closed higher for the third straight day on Friday, hitting a fresh record, on news that U.S. tech giant Nvidia plans to supply artificial intelligence(AI) chips to South Korean firms. The benchmark Korea Composite Stock Price Index gained 20-point-61 points, or zero-point-five percent, on ...

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KBS WORLD Radio Fri, 31 Oct 2025 16:42:44 +0900 Economy
<![CDATA[KOSPI Up 0.50% Friday]]> The benchmark Korea Composite Stock Price Index gained 20-point-61 points, or zero-point-five percent, on Friday to close at four-thousand-107-point-50. The tech-heavy KOSDAQ rose nine-point-56 points, or one-point-07 percent, to close at 900-point-42. The South Korean won strengthened against the U.S. ...

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KBS WORLD Radio Fri, 31 Oct 2025 15:50:20 +0900 Economy
<![CDATA[Nvidia to Supply Blackwell GPU Microarchitectures to Seoul, S. Korean Firms]]> Nvidia said it will supply approximately 260-thousand Blackwell graphics processing units(GPU) to the South Korean government, as well as major companies like Samsung, SK and Hyundai Motor. The top U.S. chipmaker announced on Friday that it plans to supply 50-thousand Blackwell GPUs each to Samsung, SK ...

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KBS WORLD Radio Fri, 31 Oct 2025 15:00:29 +0900 Economy
<![CDATA[Chiefs of Nvidia, Samsung, Hyundai Meet Ahead of Business Partnership Announcement]]> The heads of Nvidia, Samsung Electronics and Hyundai Motor Group met for dinner ahead of a planned partnership announcement. Nvidia CEO Jensen Huang, Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Eui-sun met at Kkanbu Chicken in Gangnam District around 7:30 p.m. ...

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KBS WORLD Radio Fri, 31 Oct 2025 10:00:09 +0900 Economy
<![CDATA[Industrial Output Rebounds, Consumption Dips for Second Month in September]]> Industrial output rebounded in September while consumption declined for a second consecutive month. According to the Ministry of Data and Statistics' Monthly Industrial Statistics report, industrial production increased one percent from the previous month to reach 115-point-five in September. The increase ...

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KBS WORLD Radio Fri, 31 Oct 2025 09:21:24 +0900 Economy
<![CDATA[Chief Google Official Calls for Bold AI Innovation]]> Simon Kahn, chief marketing officer of Google's Asia-Pacific headquarters, called for accelerating the development of artificial intelligence (AI) and a future that benefits all. Kahn made the remarks on Thursday at the Asia-Pacific Economic Cooperation(APEC) CEO Summit in Gyeongju. The executive said ...

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KBS WORLD Radio Thu, 30 Oct 2025 18:12:28 +0900 Economy
<![CDATA[Hyundai Motor's Q3 Operating Profit Dips Nearly 1 Tln Won Due to US Tariffs]]> Hyundai Motor said its third-quarter operating profit fell nearly one trillion won, or around 700-point-six million U.S. dollars, due largely to the impact of U.S. import tariffs introduced in April. The country's leading automaker said in a regulatory filing on Thursday that it had tentatively ...

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KBS WORLD Radio Thu, 30 Oct 2025 18:11:20 +0900 Economy
<![CDATA[Seoul Shares End Nearly Flat after US-China Summit]]> South Korean stocks closed almost flat on Thursday after a highly anticipated U.S.-China summit failed to resolve trade uncertainty. The benchmark Korea Composite Stock Price Index gained five-point-74 points, or zero-point-14 percent, on Thursday to close at four-thousand-86-point-89. Following the ...

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KBS WORLD Radio Thu, 30 Oct 2025 16:53:02 +0900 Economy
<![CDATA[KOSPI Up 0.14% Thursday]]> The benchmark Korea Composite Stock Price Index gained five-point-74 points, or zero-point-14 percent, on Thursday to close at four-thousand-86-point-89. The tech-heavy KOSDAQ fell ten-point-73 points, or one-point-19 percent, to close at 890-point-86. The South Korean won strengthened against the U.S. ...

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KBS WORLD Radio Thu, 30 Oct 2025 15:50:14 +0900 Economy
<![CDATA[Samsung Electronics Q3 Operating Profit Jumps 32.5% on Robust Chip Sales]]> Samsung Electronics posted a strong operating profit in the third quarter, driven by robust performance in its chip business. The tech giant announced on Thursday that its operating profit in the July-September period rose 32-point-five percent from the previous year to 12-point-16 trillion won, or ...

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KBS WORLD Radio Thu, 30 Oct 2025 12:11:26 +0900 Economy
<![CDATA[KT Discusses Full USIM Replacement, Announces Compensation for Hacking Victims]]> KT said Wednesday it will provide 100GB of free data for five months, as well as 150,000 won in billing credits or device discounts, to customers affected by recent unauthorized payments and data leaks. The company said those confirmed to be data breach victims will receive text notifications next week ...

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KBS WORLD Radio Wed, 29 Oct 2025 19:04:29 +0900 Economy
<![CDATA[Samsung Electro-Mechanics Posts 260.3 Bln Won in Q3 Operating Profit]]> Samsung Electro-Mechanics posted a better-than-expected third-quarter operating profit, tentatively tallied at 260-point-three billion won, or around 181-point-seven million U.S. dollars, jumping 15-point-seven percent from a year earlier. The company said in a regulatory filing on Wednesday that sales in ...

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KBS WORLD Radio Wed, 29 Oct 2025 18:21:55 +0900 Economy
<![CDATA[Seoul Shares Hit Record High on Summit, Nvidia Deal Hopes]]> South Korean stocks closed at a new high on Wednesday on hopes for the Seoul-Washington summit and expectations of a potential supply deal with Nvidia. The benchmark Korea Composite Stock Price Index rose 70-point-74 points, or one-point-76 percent, on Wednesday to close at ...

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KBS WORLD Radio Wed, 29 Oct 2025 17:18:20 +0900 Economy
<![CDATA[KOSPI Up 1.76% Wednesday]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 70-point-74 points, or one-point-76 percent, on Wednesday to close at four-thousand-81-point-15. The tech-heavy KOSDAQ lost one-point-71 points, or zero-point-19 percent, to close at 901-point-59. The South Korean won strengthened against the ...

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KBS WORLD Radio Wed, 29 Oct 2025 16:02:36 +0900 Economy
<![CDATA[Nvidia to Sign Large-Scale Chip Supply Contracts with S. Korean Businesses]]> World-leading U.S. chipmaker Nvidia will sign large-scale semiconductor supply contracts with major South Korean businesses as the nation hosts the Asia-Pacific Economic Cooperation(APEC) summit in Gyeongju. Bloomberg reported on Wednesday that Nvidia will ink deals with companies including Samsung ...

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KBS WORLD Radio Wed, 29 Oct 2025 13:58:16 +0900 Economy
<![CDATA[SK Hynix Posts Record Earnings in Q3 on Robust HBM Demand]]> SK hynix posted record third-quarter earnings, driven by strong demand for its high-bandwidth memory for the training of artificial intelligence(AI).  According to a regulatory filing released Wednesday, operating profit at the company rose 61-point-nine percent from 2024 to eleven-point-38 trillion won, ...

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KBS WORLD Radio Wed, 29 Oct 2025 10:25:20 +0900 Economy
<![CDATA[Business Sentiment Declines in October for First Time in 3 Months]]> Business sentiment in South Korea declined for the first time in three months in October due to fewer working days from the extended Chuseok holiday and a weaker local currency. The Bank of Korea's Business Survey and Economic Sentiment Index for October 2025, released on Wednesday, showed that South ...

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KBS WORLD Radio Wed, 29 Oct 2025 09:17:26 +0900 Economy
<![CDATA[Stocks Ease after Record Rally Ahead of Major International Summits]]> South Korean stocks pulled back on Tuesday following weeks of strong gains as investors cashed in ahead of major global events, including the U.S.-China and U.S.-South Korea summits. The benchmark Korea Composite Stock Price Index(KOSPI) lost 32-point-42 points, or zero-point-eight percent, on Tuesday to ...

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KBS WORLD Radio Tue, 28 Oct 2025 16:49:51 +0900 Economy
<![CDATA[KOSPI Down 0.80% Tuesday]]> The benchmark Korea Composite Stock Price Index(KOSPI) lost 32-point-42 points, or zero-point-eight percent, on Tuesday to close at four-thousand-ten-point-41. The tech-heavy KOSDAQ gained zero-point-six points, or zero-point-07 percent, to close at 903-point-three. The South Korean won weakened ...

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KBS WORLD Radio Tue, 28 Oct 2025 15:49:37 +0900 Economy
<![CDATA[Economy Grows 1.2% in Q3, Gov't Signals Raising Outlook]]> Anchor: The South Korean economy expanded one-point-two percent in the third quarter, marking the fastest quarterly increase in 18 months, buoyed by a recovery in exports and domestic consumption. The government, in response, signaled it may revise its growth outlook this year to the one-percent range from ...

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KBS WORLD Radio Tue, 28 Oct 2025 15:36:53 +0900 Economy
<![CDATA[K-Food Exports Through September Hit Record $8.48 Bln ]]> South Korea’s exports of food products approached eight-point-five billion U.S. dollars in the first nine months of the year, marking a record high. According to the Korea Customs Service on Tuesday, cumulative exports rose eight-point-nine percent from the previous year to a record eight-point-48 billion ...

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KBS WORLD Radio Tue, 28 Oct 2025 11:30:44 +0900 Economy
<![CDATA[Consumer Sentiment Declines for Second Straight Month]]> Consumer sentiment fell for the second consecutive month in October amid concerns about prolonged trade negotiations with the United States and renewed tensions between the U.S. and China. The Bank of Korea announced in its Consumer Tendency Survey for October, released on Tuesday, that the composite ...

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KBS WORLD Radio Tue, 28 Oct 2025 10:00:56 +0900 Economy
<![CDATA[Economy Grows 1.2% in Q3, Fastest Pace in 6 Quarters]]> South Korea’s economy grew more than one percent in the third quarter, driven by strong exports and a rebound in consumption and investment. Preliminary data from the Bank of Korea released Tuesday showed that real gross domestic product rose one-point-two percent during the July–September period from ...

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KBS WORLD Radio Tue, 28 Oct 2025 09:34:05 +0900 Economy
<![CDATA[Seoul Shares Surge to New High, KOSPI Breaks 4,000 for 1st Time]]> South Korean stocks surged Monday, with the benchmark Korea Composite Stock Price Index(KOSPI) surpassing the four-thousand mark for the first time, fueled by strong gains in technology stocks and optimism over a potential U.S.-China trade deal. The KOSPI jumped 101-point-24 points, or two-point-57 ...

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KBS WORLD Radio Mon, 27 Oct 2025 17:13:45 +0900 Economy
<![CDATA[KOSPI Breaks 4,000 Mark for 1st Time]]> The benchmark Korea Composite Stock Price Index(KOSPI) broke the four-thousand mark for the first time on Monday, with the U.S. and China having agreed on the framework for a trade deal, and Washington expected to cut its key interest rate. The KOSPI jumped 101-point-24 points, or two-point-57 percent, on ...

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KBS WORLD Radio Mon, 27 Oct 2025 16:08:22 +0900 Economy
<![CDATA[KOSPI Surges 2.57% on Monday]]> The benchmark Korea Composite Stock Price Index(KOSPI) jumped 101-point-24 points, or two-point-57 percent, on Monday to close at four-thousand-42-point-83. The tech-heavy KOSDAQ gained 19-point-62 points, or two-point-22 percent, to close at 902-point-70. The South Korean won strengthened against the ...

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KBS WORLD Radio Mon, 27 Oct 2025 15:38:41 +0900 Economy
<![CDATA[KOSPI Surges past 4,000 for First Time]]> The benchmark Korea Composite Stock Price Index(KOSPI) broke the four-thousand mark for the first time during Monday's session. The main bourse opened at three-thousand-999-point-79, up one-point-48 percent from Friday's closing, and quickly surpassed the four-thousand mark. The milestone comes about four ...

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KBS WORLD Radio Mon, 27 Oct 2025 09:27:23 +0900 Economy