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Korea's second internet-only bank launches operations
South Korea's second internet-only bank, which is expected to bring big changes to the country's financial landscape, came online just a matter of minutes ago. Kakao Bank, which is operated Kakao Corporation, the country's largest mobile messaging service provider, opened its virtual doors as of 7 a...
2017-07-27 04:56:24 KST -
U.S. Federal Reserve keeps benchmark interest rates unchanged
There were no big surprises on Wednesday as the Federal Reserve announced it was leaving interest rates unchanged, a move widely projected by market watchers. The Fed said it was holding its benchmark rate in a target range of one to one-point-two-five percent. The statement, released following a two-day meeting...
2017-07-27 04:53:55 KST -
Stocks
Time for our daily roundup of the markets, starting with Wall Street. which had an eventful day. The Dow, S&P 500 and the Nasdaq hit record closing highs after the Fed kept interest rates unchanged and on strong earnings reports from Boeing and AT&T. Let's pull up the closing figures for Wednesday. ...
2017-07-27 04:05:43 KST -
02:27
Gov't aims to address income disparities through job creation
Under the so-called "income-led growth" strategy, the government pledged to address income disparities by boosting growth through job creation. To do that, the government laid out a roadmap to increase the number of public servants by 810-thousand by 2022. And its not just about the numbers, but also th...
2017-07-27 04:02:42 KST -
00:47
Hyundai Motor's Q2 profit down on China sales drop & U.S. demand sags
Beijing's economic retaliation against Seoul's anti-missile system upgrade has taken a toll on Hyundai Motor's profit. In its quarterly performance announcement the second quarter operating income was 1-point-3 trillion won, or 1-point-2 billlion dollars, down 24-percent from last year. Sales in its biggest market...
2017-07-26 20:59:29 KST -
01:05
Gov't aims to address income disparities through job creation
All this is great and all, but how is the government going to fund them? Right the government estimates that it needs a combined 37-point-8-billion dollars for the next five years to implement its economy-related policies alone something that cannot be afforded solely by the execution of a 9-point-8-billion-do...
2017-07-26 18:35:33 KST -
01:28
Gov't aims to address income disparities through job creation
That rule applies to Korea's big conglomerates as well? Yes, it's actually one of the government's main plan to reform the country's ownership structure, currently dominated by family-owned "chaebols" by allowing owners of subsidiary companies to sue the holding company's board of directors if they have committed...
2017-07-26 18:35:31 KST -
01:58
Gov't aims to address income disparities through job creation
We are now going to focus on the Moon administration's five main policy objectives. In part three of our five-part series, we are joined by our Kim Ji-yeon to fill us in on the government's economic policies dubbed "people-centered growth." Ji-yeon, In order to create their policies, the government looked at hundreds...
2017-07-26 18:35:29 KST -
00:45
China's exports to North Korea up 18 pct. in first half of 2017 despite sanctions
China's exports to North Korea rose in the first six months of this year,… despite the regime being subject to strict trade restrictions due to its nuclear and missile provocations. According to figures from the Seoul-based Korea International Trade Association, China's exports to North Korea amounted to nearly one-...
2017-07-26 14:27:45 KST -
02:02
Pet product industry thriving in Korea
Korean firms are making huge investments in the pet product industryas the number of households adopting companion animals is on a steep rise. According to a survey conducted by KB Financial Group's research center, around 5.9 million households own pets,a jump of more than 1 million households compared to da...
2017-07-26 11:55:42 KST -
00:51
U.S. stocks close at record highs on strong corporate earnings
U.S. stocks closed higher on Tuesday, after major companies reported strong second-quarter earnings. The Dow Jones Industrial Average rose nearly half-a-percent percent to finish at 21,613. The S&P 500 and the tech-heavy NASDAQ hit both intraday and closing records, …adding zero-point-three percent and zero-point-z...
2017-07-26 09:58:43 KST -
00:47
Stocks
Time for our daily roundup of the markets, starting with Wall Street. Let's pull up the closing figures for Tuesday. The Dow rose 100 points, or around half-a-percent, to 21,613, the S&P 500 gained zero-point-three percent, to 2,477. and all-time high for the S&P. The Nasdaq ended virtually unchanged at 6,412. ...
2017-07-26 04:14:37 KST
top stories
02:31
President Moon to discuss economic direction with business tycoons over beer at the Blue House
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02:07
Speculation mounts that N. Korea will carry out another missile test on Armistice Anniversary
Speculation is increasing that North Korea is preparing a ballistic...
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01:39
UN degrades assessment on Japan's efforts in resolving wartime sexual slavery issue
The UN International Covenant on Civil and Political Rights has re...
Most Popular in News
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03:05
South Korea will keep door to PyeongChang Olympics open for N. Korea until 'last minute': President Moon
(INTRO) "It's the final countdown to the 2018 Winter...
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02:56
President Moon declares "complete paradigm shift" in S. Korean economy under new Cabinet
It's the third Cabinet meeting chaired by the new president sin...
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02:14
Government and ruling party share views on making changes to tax system
The government and the ruling party have their eyes fixed on tax...
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02:15
Seoul and Washington brace for N. Korean missile launch on anniversary of Armistice Agreement
July 27th marks the 64th anniversary of the Korean War Armistice A...
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02:10
S. Korea looking to double missile warhead payload to counter N. Korean threat
Citing local sources, Seoul-based Yonhap News Agency reports that ...
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UPFRONTUPFRONT opens the floor up to experts for a heated debate on prominent...
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Peninsula 24[PENINSULA 24] opens up the floor to experts from various fields in or...