Economy

FX Reserves Fall to 5-Year Low in April

Written: 2025-05-08 09:17:48 / Updated: 2025-05-08 09:36:51

South Korea’s foreign reserves decreased by nearly five billion dollars in April, hitting their lowest point in five years.  According to ...

Economy

KOSPI Rises for Second Day on US-China Talks

Written: 2025-05-07 16:38:00 / Updated: 2025-05-07 18:33:03

The benchmark Korea Composite Stock Price Index(KOSPI) climbed for a second straight day Wednesday, boosted by optimism over U.S.-China trade ...

Economy

KOSPI Up 0.55% Wednesday

Written: 2025-05-07 15:46:37 / Updated: 2025-05-07 17:51:05

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 ...

Economy

S. Korea, US to Hold Ministerial Talks Next Week during USTR’s Visit

Written: 2025-05-07 11:24:57 / Updated: 2025-05-07 15:02:42

The government says Seoul and Washington will hold ministerial talks when U.S. Trade Representative Jamieson Greer visits South Korea next week.  Acting ...

Economy

Gov’t Vows to Finalize Czech Nuclear Power Plant Deal Swiftly

Written: 2025-05-07 09:49:59 / Updated: 2025-05-07 10:21:33

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Czech Court Blocks Signing of Nuclear Power Plant Deal with KHNP

Economy

High Prices Drive Down Both Grocery and Dining Spending in South Korea

Written: 2025-05-05 14:38:39 / Updated: 2025-05-05 14:39:48

Households in South Korea have been cutting back on grocery purchases and dining out for over two years. According to Statistics Korea, both ...

Economy

Won-Dollar Rate Volatility Hits Highest in 29 Months

Written: 2025-05-04 12:44:59 / Updated: 2025-05-04 14:22:13

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 ...

Economy

25% US Tariff on Foreign Car Parts Takes Effect, Korean Suppliers Braced for Impact

Written: 2025-05-03 14:27:48 / Updated: 2025-05-03 14:36:06

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, ...

Economy

Gov't to Continue US Trade Consultations, Transfer Progress to Next Admin

Written: 2025-05-02 18:56:39 / Updated: 2025-05-02 19:03:34

The government intends to calmly proceed with ongoing trade consultations with the United States and smoothly transfer any progress to the next ...

Economy

Gov’t to Spend Record 1.88 Trillion Won on Gyeongsang Wildfire Relief

Written: 2025-05-02 17:23:03 / Updated: 2025-05-02 18:48:31

The government is set to spend a record amount to assist in recovery efforts following the devastating wildfires in the country’s southeastern ...