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 ...

Economy

KOSPI Up 0.12% Friday

Written: 2025-05-02 15:54:22 / Updated: 2025-05-02 18:48:30

The benchmark Korea Composite Stock Price Index(KOSPI) gained three-point-18 points, or zero-point-12 percent, Friday to close at two-thousand-559-point-79. The ...

Economy

Consumer Prices Rise 2.1% in April

Written: 2025-05-02 09:37:32 / Updated: 2025-05-02 15:35:27

Consumer prices increased more than two percent in April for the fourth consecutive month.  Statistics Korea said Friday that the country’s ...

Economy

S. Korea's KHNP Wins Czech Nuclear Power Project

Written: 2025-05-01 12:09:09 / Updated: 2025-05-01 12:58:31

The state-run Korea Hydro and Nuclear Power Company(KHNP) has won a project to build two nuclear reactors in the Czech Republic, the first overseas ...

Economy

Chip, Battery Losses End KOSPI’s 3-Day Rally

Written: 2025-04-30 17:04:44 / Updated: 2025-04-30 17:24:15

The benchmark Korea Composite Stock Price Index(KOSPI) closed lower Wednesday as tech, auto and battery stocks fell, with Samsung Electronics ...