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01:45
S. Korea announces tougher loan screenings to reduce household debt
Speaking to reporters on Monday, Financial Services Commission Chair Choi Jong-ku said Korean banks will soon be required to have more than two standards of what would be considered as high debt service ratio. A debt service ratio, or DSR, is calculated by dividing a borrower's yearly income from the total debt ...
2018-10-16 18:02:51 KST -
01:38
Korea's export and import prices go up in September
Korea's export and import prices both rose in September on rising oil prices. According to the Bank of Korea Tuesday, import prices in September rose sharply by one-point-five percent on-month, near ten percent on-yearrecording their highest level since November 2014. Korea's benchmark, Dubai crude, soared six-...
2018-10-16 18:02:51 KST -
00:41
Korea signs MOUs with France's Ecole 24 and Bpifrance on Monday
Korea's Small & Medium Business Corporation has signed MOUs with Ecole 24, the leading French institution in nurturing IT startups and with state investment bank: Bpifrance at the two countries' 2018 startup summit held in Paris on Monday. An official from Korea's Ministry of SMEs and Startups s...
2018-10-16 18:01:50 KST -
01:15
China imports zero crude oil from U.S. due to continued trade tensions: WSJ
U.S. oil exports to China plunged to zero in August, amid the continued trade war between the world's two largest economies. The Wall Street Journal reports Washington exported 30-thousand barrels of oil to Beijing in September, a significant drop from the monthly average of over 350-thousand barrels in ...
2018-10-16 09:51:16 KST -
01:22
Korea's export and import prices go up in September
Korea's export and import prices both rose in September. According to the Bank of Korea Tuesday, export prices went up zero-point-three percent on-month. While the local currency remained steady at around 1-thousand-121 Korean won against the greenback rising coal and petroleum goods prices led the gain in industr...
2018-10-16 07:03:21 KST -
00:58
Market wrap up
Taking a look at your financial markets. U.S. stocks fell on Monday after a choppy day of trading. Pulling up the numbers for you. The Dow Jones Industrial Average slipped zero-point-three-five percent, or 89 points, to 25,250. The S&P 500 declined zero-point-six percent to 2,750. The Nasdaq shed zero-point-nin...
2018-10-16 06:00:35 KST -
01:57
Korea, France strengthen economic cooperation during Moon's state visit
France is Korea's 29th trading partner and demand for Korean goods is on the rise helping Korea's trade deficit to France lower to around 2-point-8-billion U.S. dollars in 2017. A report by the Korea International Trade Association shows automobiles took the top spot among Korean export goods to France. Sales fro...
2018-10-15 18:02:56 KST -
01:08
European Bank for Reconstruction and Development holds conference in Seoul about transforming SOEs
The European Bank for Reconstruction and Development held a conference in Seoul today to share its knowledge on transforming state-owned enterprises. Officials from the institution talked about the importance of helping SOEs to reform and prepare for privatization so that these transformations benefit the public. ...
2018-10-15 18:01:08 KST -
00:38
S. Korea leads in IT and manufacturing, struggles in national competitiveness
South Korea is still a leader in IT and manufacturing, but the latest figures show it needs to improve its competitiveness and be more innovative. According to a report by the Korea International Trade Association, South Korea ranked 1st last year in semiconductor revenue and in shipbuilding. It also scored highly i...
2018-10-15 12:22:38 KST -
00:41
Number of female executives in South Korea has doubled over past 5 years: Report
The number of female executives working for South Korea's top 100 companies surpassed 2-hundred for the first time this year. Local market research firm Korea CXO Institute says the number has doubled in five years since it topped one-hundred in 2013. The proportion of female executives came to three-point-two perc...
2018-10-15 09:44:59 KST -
00:44
Korea's unemployment in Q3 reached 19-year high
The number of unemployed people in Korea has risen to its highest level since the aftermath of the Asian Financial Crisis in 1999. Data from Statistics Korea show that in the third quarter this year the figure rose by an average of 102-thousand a month compared to the same period last year to a combined one-million...
2018-10-15 04:23:41 KST -
00:51
S. Korea asks IMF, World Bank to help with N. Korea's development
The South Korean government has asked the International Monetary Fund and the World Bank for their involvement in North Korea's future economic development. The Minister of Economy and Finance, Kim Dong-yeon, met on Saturday with the head of the IMF, Christine Lagarde, during the G20 meeting in Bali and emphasized th...
2018-10-14 09:40:53 KST
top stories
01:27
Korea-France agree on fostering business relations in three different steps
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02:12
Two Koreas in 24-hour communication at joint liaison office: Seoul
Seoul and Pyeongyang opened their joint liaison office at the Gaes...
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01:29
Two Koreas, UN Command hold first 3-way meeting to discuss demilitarization of JSA
The two Koreas and the United Nations Command held their first tri...
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01:32
Bodies of 5 S. Korean climbers retrieved in Himalayas
Rescue authorities have retrieved the bodies of the five South Kor...
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01:49
President Moon focuses on culture and green energy in Paris
It's part of President Moon Jae-in's 'cultural diplomacy' during h...
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02:02
Pres. Moon to ask French counterpart on considering lift of economic sacntions on N. Korea during summit Monday
It’ll be one of the few events of its kind this year in the French...
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00:44
Korea's unemployment in Q3 reached 19-year high
The number of unemployed people in Korea has risen to its highest le...
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01:57
World should support decision made by North Korean leader to denuclearize: President Moon
Speaking to France's conservative daily Le Figaro , President Moon to...
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Lastest News
- Cold wind to blow away the dust tomorrow
- N. Korea releases S. Korean man arrested in Sept. for illegal entry
- Korea-France agree on fostering business relations in three different steps
- 2018 Hanbok Culture Week celebrates the beauty of Hanbok nationwide for a week
- S. Korea announces tougher loan screenings to reduce household debt
- Korea's export and import prices go up in September
- Parties agree on makeup of special committees on reform, N. Korea cooperation
- Two Koreas, UN Command hold first 3-way meeting to discuss demilitarization of JSA
- Presidents Moon and Macron to upgrade bilateral relations to another level
- Two Koreas in 24-hour communication at joint liaison office: Seoul
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