Economy

KOSPI Ends Thursday Down 0.63% as US Fed's Rate Hike Affects Local Markets

Written: 2022-09-22 15:54:17 / Updated: 2022-09-22 16:53:16

The benchmark Korea Composite Stock Price Index(KOSPI) fell 14-point-90 points, or zero-point-63 percent, on Thursday, closing the day at two-thousand-332-point-31.  The ...

Economy

BOK Chief Hints at Raising Key Rate by 50 Basis Points as Year-end Projection for U.S. Rate Defies Earlier Estimates

Written: 2022-09-22 11:51:24 / Updated: 2022-09-22 16:57:15

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US Fed Raises Key Interest Rate by 0.75% Again

Economy

Won-Dollar Exchange Rate Tops 1,400 for First Time in over 13 Years

Written: 2022-09-22 09:39:06 / Updated: 2022-09-22 15:08:08

The won-dollar exchange rate surpassed the one-thousand-400 won mark for the first time in 13 and a half years on Thursday. On the Seoul foreign ...

Economy

Finance Minister: High Uncertainties Likely to Continue for Some Time

Written: 2022-09-22 09:25:49 / Updated: 2022-09-22 09:32:15

Finance Minister Choo Kyung-ho said that high uncertainties in the domestic financial and foreign exchange markets may continue for a considerable ...

Economy

Real Estate Rules to Prevent Speculative Buys Lifted for Most Areas outside Capital

Written: 2022-09-21 16:52:32 / Updated: 2022-09-21 19:14:01

Real estate regulations instituted to discourage speculative transactions have been lifted for most areas outside the metropolitan area amid ...

Economy

KOSPI Ends Wednesday Down 0.87%

Written: 2022-09-21 15:38:19 / Updated: 2022-09-21 15:39:58

The benchmark Korea Composite Stock Price Index(KOSPI) fell 20-point-64 points, or zero-point-87 percent, on Wednesday, closing the day at two-thousand-347-point-21. The ...

Economy

FSS Begins Inspection of Loans for Solar Power Projects under Moon Gov't

Written: 2022-09-21 14:10:05 / Updated: 2022-09-21 14:49:14

The Financial Supervisory Service has launched an inspection to determine whether improper loans were issued for solar power projects under the ...

Economy

'Thousands of Korean Brands Registered Illegally in China Every Year'

Written: 2022-09-21 13:29:58 / Updated: 2022-09-21 14:33:09

Thousands of Korean brands continue to be registered illegally in China every year, according to data from the Korean Intellectual Property Office.  According ...

Economy

ADB Lowers S. Korea's 2023 Economic Growth Outlook to 2.3%

Written: 2022-09-21 10:56:40 / Updated: 2022-09-21 11:22:06

The Asian Development Bank(ADB) has lowered its 2023 economic growth outlook for South Korea. The finance ministry said the ADB lowered its ...

Economy

Exports Fall 8.7% in First 20 Days of September

Written: 2022-09-21 09:39:53 / Updated: 2022-09-21 10:16:19

Exports fell more than eight percent on-year in the first 20 days of September due to fewer working days. According to tentative data from the Korea ...