<![CDATA[News - English [KBS WORLD Radio] | Economy]]> 15 en <![CDATA[S. Korean Stocks Close at Record High, Led by Tech Sector]]> South Korean stocks closed at an all-time high Wednesday, with market gains led by the tech sector.  This increase came amid growing speculation that President Lee Jae Myung may reverse the controversial capital gains tax hike proposal. The benchmark Korea Composite Stock Price Index(KOSPI) rose ...

[more...]
]]>
KBS WORLD Radio Wed, 10 Sep 2025 17:01:36 +0900 Economy
<![CDATA[KOSPI Closes at Record 3,314.53, Up 1.67%]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 54-point-48 points, or one-point-67 percent, Wednesday to close at a record high of three-thousand-314-point-53. The main bourse, which opened the day at three-thousand-270-point-two, up 12-point-15 points from Tuesday's closing, continued to ...

[more...]
]]>
KBS WORLD Radio Wed, 10 Sep 2025 15:47:10 +0900 Economy
<![CDATA[KOSPI Up 1.67% Wednesday]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 54-point-48 points, or one-point-67 percent, Wednesday to close at three-thousand-314-point-53. The tech-heavy KOSDAQ gained eight-point-18 points, or zero-point-99 percent, to close at 833.

[more...]
]]>
KBS WORLD Radio Wed, 10 Sep 2025 15:39:03 +0900 Economy
<![CDATA[KOSPI Breaks 3,300 Mark in Intraday Trade, Setting Fresh Yearly Record]]> The benchmark Korea Composite Stock Price Index(KOSPI) breached the three-thousand-300 mark during early trading on Wednesday, notching a fresh record high for the year. The KOSPI broke the year's previous peak of three-thousand-288 recorded on July 31 during morning-hour trading, surpassing ...

[more...]
]]>
KBS WORLD Radio Wed, 10 Sep 2025 13:30:39 +0900 Economy
<![CDATA[S. Korea Adds 166,000 Jobs in August, But Employed Youth Declines]]> The nation added more than 160-thousand jobs in August, marking the third consecutive month of job growth in the 100-thousand range.  Data released by Statistics Korea on Wednesday showed the number of employed people stood at 28-point-96 million last month, up 166-thousand from the same month last ...

[more...]
]]>
KBS WORLD Radio Wed, 10 Sep 2025 09:30:14 +0900 Economy
<![CDATA[WeMakePrice Faces Bankruptcy As Court Terminates Rehabilitation Process]]> A Seoul court on Tuesday decided to end WeMakePrice’s court-led rehabilitation after concluding liquidation value outweighed the company’s going-concern value. The e-commerce firm had failed to submit a rehabilitation plan by the September 4 deadline and could not find a buyer despite earlier ...

[more...]
]]>
KBS WORLD Radio Tue, 09 Sep 2025 18:45:29 +0900 Economy
<![CDATA[S. Korean Shares Reach Yearly High]]> South Korean stocks reached a yearly high Tuesday, with market gains from the tech, energy and chemical sectors. The benchmark Korea Composite Stock Price Index(KOSPI) rose 40-point-46 points, or one-point-26 percent, Tuesday to close at three-thousand-260-point-05. The tech-heavy KOSDAQ gained ...

[more...]
]]>
KBS WORLD Radio Tue, 09 Sep 2025 17:03:55 +0900 Economy
<![CDATA[Top Office Official: 'MASGA' Could Face Rocky Start With No Accord on Investment Package]]> Presidential chief of staff for policy Kim Yong-beom says the "Make American Shipbuilding Great Again"(MASGA) project could face a rocky start if Seoul and Washington fail to agree on ways to create a 350 billion U.S. dollar investment package.  Kim made the remark on Tuesday during a forum organized by ...

[more...]
]]>
KBS WORLD Radio Tue, 09 Sep 2025 16:14:21 +0900 Economy
<![CDATA[KOSPI Up 1.26% Tuesday]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 40-point-46 points, or one-point-26 percent, Tuesday to close at three-thousand-260-point-05. The tech-heavy KOSDAQ gained six-point-22 points, or zero-point-76 percent, to close at 824-point-82.

[more...]
]]>
KBS WORLD Radio Tue, 09 Sep 2025 15:38:34 +0900 Economy
<![CDATA[Google to Delete All of S. Korea's Coordinates Information in Hopes for Approval of High-Precision Map Data Transfer]]> Google said it will delete all of South Korea's coordinates information in order to secure Seoul's approval of the overseas transfer of the country's high-precision map data. At a press conference in Seoul on Tuesday, Cris Turner, Google's vice president of government affairs and public policy, said ​the ...

[more...]
]]>
KBS WORLD Radio Tue, 09 Sep 2025 14:45:13 +0900 Economy
<![CDATA[U.S. Weighs Allowing Chip Gear Shipments to Samsung and SK Hynix China Plants]]> The Trump administration is considering allowing Samsung Electronics and SK Hynix to keep shipping U.S. semiconductor manufacturing equipment to their plants in China. Bloomberg reported that Washington has proposed granting annual approvals for the export volumes, replacing the previous open-ended ...

[more...]
]]>
KBS WORLD Radio Mon, 08 Sep 2025 19:13:37 +0900 Economy
<![CDATA[Gov’t Discusses Visa Matters with S. Korean Firms Investing in US]]> The government has convened an emergency meeting with domestic businesses making investments in the U.S., including Hyundai Motor Group and LG Energy Solution, after Washington detained over 300 South Korean workers during an immigration raid at a construction site in Georgia. According to the Ministry of ...

[more...]
]]>
KBS WORLD Radio Mon, 08 Sep 2025 18:25:01 +0900 Economy
<![CDATA[Finance Minister Addresses Hyundai Plant Crackdown, Intends to Explain Circumstances to US]]> Finance Minister Koo Yun-cheol said he intends to hold talks with the U.S. side to explain the circumstances that led to hundreds of South Koreans being present at the Hyundai Metaplant construction site in Georgia, either on B-1 temporary business visitor visas or under a visa waiver program, before they ...

[more...]
]]>
KBS WORLD Radio Mon, 08 Sep 2025 17:57:08 +0900 Economy
<![CDATA[South Korean Stocks Close Higher amid Weak US Jobs Data]]> For the fifth straight session, South Korean shares closed higher, Monday, amid weak U.S. jobs data, leading investors to expect U.S. rate cuts. The benchmark Korea Composite Stock Price Index rose 14-point-47 points, or zero-point-45 percent, Monday to close at three-thousand-219-point-59. The ...

[more...]
]]>
KBS WORLD Radio Mon, 08 Sep 2025 17:07:09 +0900 Economy
<![CDATA[KOSPI UP 0.45% Monday]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 14-point-47 points, or zero-point-45 percent, Monday to close at three-thousand-219-point-59. The tech-heavy KOSDAQ gained seven-point-20 points, or zero-point-89 percent, to close at 818-point-60.

[more...]
]]>
KBS WORLD Radio Mon, 08 Sep 2025 15:38:38 +0900 Economy
<![CDATA[KOSPI Closes UP for Fourth Consecutive Day]]> South Korean stocks finished higher for the fourth consecutive day, Friday, while investors remained alert due to U.S. employment data expected later today.  The benchmark Korea Composite Stock Price Index(KOSPI) rose four-point-29 points, or zero-point-13 percent, Friday to close at ...

[more...]
]]>
KBS WORLD Radio Fri, 05 Sep 2025 18:51:30 +0900 Economy
<![CDATA[Korea Unveils Strategy to Double Biopharma Exports by 2030]]> The government has announced a strategy to double biopharmaceutical exports by 2030, foster three new blockbuster drugs, and make Korea the world’s third-largest hub for clinical trials. Unveiled at a biopharmaceutical forum in Incheon on Friday, the plan includes cutting biosimilar approval times from ...

[more...]
]]>
KBS WORLD Radio Fri, 05 Sep 2025 18:09:46 +0900 Economy
<![CDATA[Agriculture Ministry Checks Supply of Holiday Food Items ahead of Chuseok]]> The Agriculture Ministry convened a meeting on Friday to review the supply of key food items ahead of the Chuseok holiday. Minister Song Mi-ryung presided over the session in Seoul, where officials examined the supply of apples, pears, beef, napa cabbage, and trends in processed foods and dining costs. The ...

[more...]
]]>
KBS WORLD Radio Fri, 05 Sep 2025 17:55:48 +0900 Economy
<![CDATA[KOSPI UP 0.13% Friday]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose four-point-29 points, or zero-point-13 percent, Friday to close at three-thousand-205-point-12. The tech-heavy KOSDAQ gained five-point-98 points, or zero-point-74 percent, to close at 811-point-40.

[more...]
]]>
KBS WORLD Radio Fri, 05 Sep 2025 15:45:30 +0900 Economy
<![CDATA[KOSPI UP with Gains in IT & Leisure ]]> South Korean stocks closed higher again Thursday with foreign investors anticipating a US Federal Reserve rate cut next month.  The benchmark Korea Composite Stock Price Index(KOSPI) rose 16-point-41 points, or zero-point-52 percent, Thursday to close at three-thousand-200-point-83. The tech-heavy KOSDAQ ...

[more...]
]]>
KBS WORLD Radio Thu, 04 Sep 2025 18:28:06 +0900 Economy
<![CDATA[AMCHAM Calls for Task Force with Rival Political Parties Amid Labor Reform Concerns]]> The head of the American Chamber of Commerce in Korea(AMCHAM) has proposed forming a task force with the ruling and opposition parties amid concerns about the recent passage of the so-called Yellow Envelope Act and its impacts on businesses. Speaking on Thursday during a meeting with the leaders of the ...

[more...]
]]>
KBS WORLD Radio Thu, 04 Sep 2025 18:26:33 +0900 Economy
<![CDATA[SK Telecom, KT Reject KCC Consumer Dispute Committee Recommendations]]> SK Telecom has rejected a Korea Communications Commission(KCC) panel’s recommendation to extend penalty fee waivers for customers canceling services this year after a hacking incident in April that exposed the personal data of all 25 million of its users. Industry sources said Thursday that the company ...

[more...]
]]>
KBS WORLD Radio Thu, 04 Sep 2025 15:59:05 +0900 Economy
<![CDATA[KOSPI UP 0.52% Thursday]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 16-point-41 points, or zero-point-52 percent, Thursday to close at three-thousand-200-point-83. The tech-heavy KOSDAQ gained eight-point-61 points, or one-point-08 percent, to close at 805-point-42.

[more...]
]]>
KBS WORLD Radio Thu, 04 Sep 2025 15:44:43 +0900 Economy
<![CDATA[Foreign Homeowners in S. Korea Surge past 20% under Yoon Administration]]> The number of foreigners owing homes in South Korea increased by more than 20 percent under the Yoon Suk Yeol administration, despite the former government's policy of curbing speculative purchases by foreign buyers. According to data from the Korea Real Estate Board submitted to the office of ...

[more...]
]]>
KBS WORLD Radio Thu, 04 Sep 2025 12:48:46 +0900 Economy
<![CDATA[Policy Banks to Provide 10 Tln Won in Financial Support for Small Businesses]]> Financial authorities said policy lenders will provide ten trillion won, or around seven-point-two billion U.S. dollars, in special financial support for small business owners who are faithfully repaying their debts. The Financial Services Commission(FSC) announced the plan in a meeting at the Korea ...

[more...]
]]>
KBS WORLD Radio Thu, 04 Sep 2025 09:35:16 +0900 Economy
<![CDATA[S. Korea Posts Current Account Surplus for 27th Straight Month in July]]> South Korea posted a current account surplus of ten-point-78 billion U.S. dollars in July, marking the 27th consecutive month of surplus, according to preliminary data from the Bank of Korea released Thursday. The figure marks the largest surplus recorded for the month of July, while the surplus narrowed ...

[more...]
]]>
KBS WORLD Radio Thu, 04 Sep 2025 08:22:03 +0900 Economy
<![CDATA[KOSPI Closes Higher, Led by Samsung and Biotech Shares]]> South Korean stocks closed higher Wednesday as investors awaited key U.S. employment data due later this week. The Korean won weakened slightly against the U.S. dollar. The benchmark Korea Composite Stock Price Index(KOSPI) rose 12-point-07 points, or zero-point-38 percent, Wednesday to close at ...

[more...]
]]>
KBS WORLD Radio Wed, 03 Sep 2025 17:15:59 +0900 Economy
<![CDATA[KOSPI Adds 0.38% Wednesday ]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 12-point-07 points, or zero-point-38 percent, Wednesday to close at three-thousand-184-point-42. The tech-heavy KOSDAQ gained two-point-81 points, or zero-point-35 percent, to close at 796-point-81.

[more...]
]]>
KBS WORLD Radio Wed, 03 Sep 2025 15:39:43 +0900 Economy
<![CDATA[Financial Institutions to Provide 267 Trillion Won to Mitigate Damage from US Tariffs]]> Policy and private financial institutions will provide 267 trillion won, or around 191-point-five billion U.S. dollars, through next year in efforts to mitigate any damage that domestic businesses incur due to U.S. tariffs. The financial support was discussed Wednesday by the Financial Services Commission, ...

[more...]
]]>
KBS WORLD Radio Wed, 03 Sep 2025 13:29:43 +0900 Economy
<![CDATA[KOSPI Up 0.94% Tuesday]]> The benchmark Korea Composite Stock Price Index(KOSPI) rose 29-point-42 points, or zero-point-94 percent, Tuesday to close at three-thousand-172-point-35. The tech-heavy KOSDAQ gained nine points, or one-point-15 percent, to close at 794.

[more...]
]]>
KBS WORLD Radio Tue, 02 Sep 2025 15:39:14 +0900 Economy