Economy

Gov't to Execute Over 60% of 2023 Budget in 1st Half

Written: 2023-01-04 10:38:08 / Updated: 2023-01-04 13:36:31

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Price Stabilization Measures for Lunar New Year Holiday Announced

Economy

FX Reserves Rise for Second Month in December

Written: 2023-01-04 08:18:06 / Updated: 2023-01-04 11:41:05

South Korea's foreign reserves increased for the second consecutive month in December. According to the Bank of Korea on Wednesday, the nation's ...

Economy

KOSPI Ends Tuesday Down 0.31%

Written: 2023-01-03 15:47:51 / Updated: 2023-01-03 16:39:13

The benchmark Korea Composite Stock Price Index(KOSPI) fell six-point-99 points, or zero-point-31 percent, on Tuesday, closing the day at two-thousand-218-point-68. The ...

Economy

Tesla Fined over Misleading Ads, Unfair Practice

Written: 2023-01-03 15:13:54 / Updated: 2023-01-03 16:51:58

South Korea's Fair Trade Commission has decided to slap a fine of some two-point-eight billion won, or two-point-two million U.S. dollars, on electric ...

Economy

Gov't to Seek Expanded Tax Incentives for Semiconductor, Other Strategic Industries

Written: 2023-01-03 14:30:54 / Updated: 2023-01-03 14:44:17

The South Korean government is seeking to expand tax incentives on strategic industries, including semiconductors, in response to technological ...

Economy

Real Estate Regulations to be Lifted Nationwide Except 4 Seoul Districts

Written: 2023-01-03 11:33:34 / Updated: 2023-01-03 13:26:09

The government plans to lift real estate regulations designed to discourage speculative transactions for all areas except four districts in Seoul ...

Economy

Ruling Party, Gov’t Discuss Price Stabilization for Lunar New Year

Written: 2023-01-03 10:47:32 / Updated: 2023-01-03 15:45:50

The ruling People Power Party(PPP) and the government discussed ways to stabilize prices ahead of the Lunar New Year holiday, which will run for ...

Economy

Power Demand Hits Record High in December

Written: 2023-01-03 08:17:23 / Updated: 2023-01-03 14:17:43

The country's power demand logged a record high in December due to cold waves and heavy snow. According to the Korea Power Exchange on Tuesday,  ...

Economy

Exports of Farm, Fishery Products Hit Record High for Second Year in 2022

Written: 2023-01-02 17:47:26 / Updated: 2023-01-02 18:16:51

South Korea's exports of agricultural and fishery products hit a record high for the second consecutive year. According to the Korea ...

Economy

KOSPI Ends First Trading Day of 2023 Down 0.48%

Written: 2023-01-02 15:49:19 / Updated: 2023-01-02 16:42:25

The benchmark Korea Composite Stock Price Index(KOSPI) shed ten-point-73 points, or zero-point-48 percent, on Monday, closing the first trading ...