News

Gov’t Announces Travel & Vacation Subsidy Plan to Spur Consumption

Written: 2023-03-29 12:01:52 / Updated: 2023-03-29 12:02:46

Kakao Becomes Largest Shareholder of SM Entertainment

Written: 2023-03-29 10:25:30 / Updated: 2023-03-29 11:51:07

South Korean tech giant Kakao Corporation has become the largest shareholder of SM Entertainment after purchasing 35 percent of shares in the K-pop ...

Economy

Inflation Expectations Edge down to 3.9% in March

Written: 2023-03-29 08:14:27 / Updated: 2023-03-29 11:13:29

Inflation expectations edged below four percent on the back of dropping oil prices in March. According to the Bank of Korea(BOK) on Wednesday, ...

Economy

KOSPI Ends Tuesday Up 1.07%

Written: 2023-03-28 15:47:07 / Updated: 2023-03-28 16:48:50

The benchmark Korea Composite Stock Price Index(KOSPI) rose 25-point-72 points, or one-point-07 percent, on Tuesday, to close the day at two-thousand-434-point-94. The ...

Economy

Trade with China Reverses to Post Largest Deficit for S. Korea in 2023

Written: 2023-03-28 14:52:40 / Updated: 2023-03-28 15:37:12

Trade with China, once the source of South Korea's largest surplus, has become its largest deficit. According to the Korea International Trade ...

Economy

KITA: Exports Could Drop Nearly 9% in 2023 amid Continued Stagnation

Written: 2023-03-28 13:45:09 / Updated: 2023-03-28 14:53:28

The nation could face a decline in annual exports of almost nine percent and a trade deficit of up to 41 billion U.S. dollars if the stagnation of the ...

Economy

Defense, Public Security, Jobs for Youths at Center of 2024 Budget

Written: 2023-03-28 10:54:12 / Updated: 2023-03-28 11:31:50

Next year’s budget will focus on strengthening defense, public security and job creation for young people in a bill expected to reach around 670 ...

Economy

KOSPI Ends Monday Down 0.24%

Written: 2023-03-27 15:42:24 / Updated: 2023-03-27 16:42:43

The benchmark Korea Composite Stock Price Index(KOSPI) fell five-point-74 points, or zero-point-24 percent, on Monday, to close the day at two-thousand-409-point-22. The ...

Economy

S. Korea Seeks to Actively Take Part in Ukraine's Reconstruction

Written: 2023-03-27 14:08:35 / Updated: 2023-03-27 14:30:41

South Korea plans to actively take part in efforts to rebuild Ukraine. The transport ministry announced on Monday that chairman Lee Sung-hae ...

Economy

KT CEO Nominee Withdraws as PPP Opposes, Prosecution Investigates

Written: 2023-03-27 12:24:16 / Updated: 2023-03-27 14:41:14

The sole candidate for chief executive of KT Corporation, Yun Kyoung-lim, has bowed out 20 days after his nomination amid opposition from the ruling ...