Economy

BOK Forecasts Inflation to Gradually Slow Down

Written: 2024-06-04 13:04:27 / Updated: 2024-06-04 14:39:52

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Consumer Prises Rise 2.7% in May

Economy

Consumer Prises Rise 2.7% in May

Written: 2024-06-04 09:41:36 / Updated: 2024-06-04 15:03:09

The growth of consumer prices remained below three percent for the second consecutive month in May. According to Statistics Korea on Tuesday, ...

Economy

Official: Some of East Sea Daily Gas Production to be Sold Overseas

Written: 2024-06-03 17:40:59 / Updated: 2024-06-03 18:44:46

A high-ranking government official said a portion of the daily production from boreholes, if constructed for gas extraction in the East Sea, is ...

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KOSPI Finishes Monday Up 1.74%

Written: 2024-06-03 16:54:13 / Updated: 2024-06-03 16:54:40

The benchmark Korea Composite Stock Price Index(KOSPI) climbed 46 points, or one-point-74 percent on Monday to close at two-thousand-682 point-52.    The ...

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SK Group Chairman Apologizes After Divorce Ruling

Written: 2024-06-03 15:53:04 / Updated: 2024-06-03 16:07:30

SK Group Chairman Chey Tae-won issued an apology on Monday after a court ordered him to pay his estranged wife a record divorce settlement. In ...

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Minister: Estimated Value of Potential Oil, Gas Deposits Five Times Samsung Electronics' Market Cap

Written: 2024-06-03 15:28:18 / Updated: 2024-06-03 15:33:56

Industry and energy minister Ahn Duk-geun on Monday said the estimated value of the potentially massive oil and gas deposits in waters off the southeastern ...

Economy

Exports Expand over 11% in May, Continuing On-Yr. Growth for 8th Month

Written: 2024-06-01 14:47:52 / Updated: 2024-06-01 16:20:09

South Korea's exports in May expanded more than eleven percent from the same period last year, continuing the on-year growth for eight straight ...

Economy

Gov't Unveils Working Draft of 11th Basic Plan for Electricity Supply and Demand

Written: 2024-05-31 16:46:26 / Updated: 2024-05-31 17:24:53

The government plans to build up to three nuclear power plants and one small modular reactor(SMR) in the next 15 years to meet electricity demand. The ...

Economy

KOSPI Ends Friday Up 0.04%

Written: 2024-05-31 15:50:06 / Updated: 2024-05-31 16:46:02

The benchmark Korea Composite Stock Price Index(KOSPI) climbed one-point-08 points, or zero-point-04 percent on Friday to close at two-thousand-636-point-52. The ...

Economy

Industrial Output Rebounds in April, Consumption, Investment Fall

Written: 2024-05-31 10:30:22 / Updated: 2024-05-31 10:34:21

Industrial output rebounded in April following a sharp fall the previous month. According to data from Statistics Korea on Friday, the index ...