Economy

BOK Cuts Key Rate by 25 Basis Points to 2.5%

Written: 2025-05-29 10:01:31 / Updated: 2025-05-29 12:04:57

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BOK Chief: Bigger Rate Cuts May Lie Ahead

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Economy

Business Leaders from S. Korea, Japan to Expand AI, Semiconductor Cooperation, Seek Seoul's CPTPP Membership

Written: 2025-05-28 19:23:17 / Updated: 2025-05-28 19:26:23

Business leaders from South Korea and Japan agreed to expand cooperation in AI and semiconductors, while pushing for Seoul's membership ...

Economy

KOSPI Hits 3-Month High on Tech Gains

Written: 2025-05-28 17:37:20 / Updated: 2025-05-28 18:04:23

The benchmark Korea Composite Stock Price Index(KOSPI) hit a three-month high Wednesday, driven by gains in tech shares, as the United States’ ...

Economy

Google Supports 660 S. Korean Startups in Expanding Overseas

Written: 2025-05-28 16:01:52 / Updated: 2025-05-28 16:47:27

American tech giant Google says South Korea is continually demonstrating creativity and technological prowess in the field of artificial intelligence(AI), ...

Economy

KOSPI Up 1.25% Wednesday

Written: 2025-05-28 15:42:54 / Updated: 2025-05-28 15:54:22

The benchmark Korea Composite Stock Price Index(KOSPI) shot up 32-point-93 points, or one-point-25 percent, Wednesday to close at two-thousand-670-point-15. The ...

Economy

Business Sentiment Improves for Third Month in May

Written: 2025-05-28 11:15:29 / Updated: 2025-05-28 15:18:58

South Korea’s business sentiment improved for the third consecutive month in May.  According to the Bank of Korea on Wednesday, the Business ...

Economy

Foreign Exchange Market to Close on Election Day

Written: 2025-05-28 10:45:18 / Updated: 2025-05-28 11:03:16

The country’s foreign exchange market will be closed on June 3, the day of the presidential election.  The Seoul foreign exchange market operations ...

Economy

Gov’t Institute Downgrades 2025 Real GDP Growth Outlook from 2.1% to 1%

Written: 2025-05-27 17:46:34 / Updated: 2025-05-27 18:32:04

The state-run Korea Institute for Industrial Economics and Trade has revised down the nation’s real gross domestic product(GDP) growth outlook ...

Economy

KOSPI Ends Lower on Tech Slide, Tariff Worries

Written: 2025-05-27 16:48:31 / Updated: 2025-05-27 16:50:36

The benchmark Korea Composite Stock Price Index(KOSPI) closed lower Tuesday as investors took profits amid ongoing worries about U.S. tariff ...

Economy

KOSPI Down 0.27% Tuesday

Written: 2025-05-27 15:38:43 / Updated: 2025-05-27 16:50:48

The benchmark Korea Composite Stock Price Index(KOSPI) shaved off seven-point-18 points, or zero-point-27 percent, Tuesday to close at two-thousand-637-point-22. The ...