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00:41
S. Korea celebrates its 46th 'Commerce and Industry Day' on Wednesday
South Korea celebrated its 46th Commerce and Industry Day by honoring businesses and individuals in the field for their hard work. 1-hundred-and-90 company leaders received awards and commendations from the government at a special event in Seoul hosted by the trade ministry. The main items produced by these firms i...
2019-03-20 18:31:53 KST -
01:27
The number of marriages fall to the lowest since the statistics recorded
The number of South Koreans getting married has fallen for the 7th consecutive year, reaching a new record low for the first time in more than 40 years. According to Statistics Korea on its '2018 Marriage and Divorce Statistics' report, the total number of couples that got married last year stood at 2-hundred-5...
2019-03-20 18:28:57 KST -
01:25
South Korea became world's No. 2 importer of U.S. crude oil in 2018
South Korea was the world's number two importer of U.S. crude oil in 2018, outstripping China. Last year, South Korea brought in around 61 million barrels from the U.S., which is around 6 percent of the country's total oil imports. This made the U.S. the fifth largest exporter to Korea, after Saudi Arabia, Kuwa...
2019-03-20 18:28:57 KST -
00:38
Samsung Electronics vows to expand investment in AI, 5G
Samsung Electronics is seeking new growth areas in 5G, AI and other network equipment as sales of its mainstay chips and smartphones begin to fall. In its annual general meeting on Wednesday, the firm's co-Vice Chair Kim Ki-nam said the tech giant expects a tough year amid slowing economic growth and decrea...
2019-03-20 18:27:57 KST -
00:25
S. Korea's producer prices rise 0.1% m/m in Feb.: BOK
After falling for four consecutive months, producer prices in the nation rose slightly last month. The Bank of Korea says the production price index, a barometer of future consumer inflation, edged up Point-one-percent on-month in February. According to the BOK, higher services prices and industrial goods prices ...
2019-03-20 18:27:57 KST -
00:28
Entas Duty Free, SM Duty Free named as preferred bidders for duty free shops in arrival halls at Incheon International Airport
Two duty-free store operators - Entas Duty Free and SM Duty Free - have been short-listed for the first-ever arrival terminal stores at Incheon International Airport. The airport's operator says the Korea Customs Service will evaluate the bids and notify the successful bidder. Three shops are scheduled to...
2019-03-20 10:15:52 KST -
01:33
U.S. Federal Reserve to reveal its decision on interest rates on Wednesday
Will the central bank of the United States affirm its commitment to patient monetary policy? The Federal Open Market Committee -- the policy arm of the Fed -- will reveal its decision about interest rates on Wednesday, local time. Many analysts expect Fed policymakers to keep the rate steady at the current 2-poi...
2019-03-20 09:24:48 KST -
02:35
Finance Minister Hong Nam-ki's 100 days in office: Achievements and challenges
March 19th, 2019 marks the 100th day since finance minister Hong Nam-ki took office last December. Goals at the top of his agenda have been boosting economic vitality, strengthening socio-economic inclusiveness and pushing for innovative growth. In February, the government finalized changes to the Minimum Wage...
2019-03-20 06:54:10 KST -
00:42
Market wrap up
Wall Street retreated Tuesday on a report China might renege on its trade pledges to the U.S. The Dow edged down zero-point-one percent to 25,887. The S&P 500 was virtually unchanged at 2,832. The Nasdaq edged up zero-point-one to 7,724. In Korea, the benchmark KOSPI edged down around two points, or zero-point-...
2019-03-20 04:12:49 KST -
01:59
South Korean export market concentrated on specific industries: KERI
There are growing concerns about South Korea's exportswith the total amount falling on-year for three consecutive months. And a report released by the Korea Economic Research Institute on Tuesday also forecasts more gloom for exporters, warning that shipments are concentrated in certain products like semiconducto...
2019-03-19 18:03:16 KST -
00:30
Import duty on LNG will be reduced to 3 cents per kilo, down 84 percent from current cost
As part of efforts to reduce fine dust, the government will drastically lower the import duty on liquified natural gas starting next month. The Ministry of Trade, Industry and Energy announced on Tuesday, the current import duty of twenty U.S. cents per kilogram of LNG will be reduced to around 3 cents, down eight...
2019-03-19 18:02:17 KST -
00:33
Fake goods took up 3.3% of world trade in 2016
Around 5-hundred-and-nine billion U.S. dollars of counterfeit goods were traded in 2016, accounting for 3-point-3 percent of the world's total trade. According to a new report by the OECD and the EU's intellectual property office, the trade volume of fake goods has risen since 2013, when they made up 2-point-5 perce...
2019-03-19 15:20:23 KST
top stories
02:14
Researchers find geothermal power plant as a cause of Pohang earthquake
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01:27
The number of marriages fall to the lowest since the statistics recorded
The number of South Koreans getting married has fallen for the 7th...
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02:08
N. Korea calls back ambassadors to China, Russia and UN to review denuclearization tactics: experts
Is North Korea reviewing its strategies on nuclear negotiations? ...
Most Popular in News
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01:42
N. Korea, U.S. trying to get right "sequencing" in nuclear talks: Pompeo
In an interview with KCMO, a radio station based in his home stat...
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02:29
President Moon points out manufacturing sector that needs more push
A reality check by the president on the economy. President Moon...
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02:27
Seoul's defense ministry unveils plans to boost military ties with U.S., China and Japan
At a briefing held at the National Defense Committee on Monday, M...
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02:14
Researchers find geothermal power plant as a cause of Pohang earthquake
On November 15th, 2017,... residents of the city of Pohang had to ev...
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01:28
North Korea restarting missile, nuclear testing would have real impact on Trump: Bolton
White House National Security Advisor John Bolton admits a new m...
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Lastest News
- S. Korea celebrates its 46th 'Commerce and Industry Day' on Wednesday
- Cold wind starts to blow on Thursday afternoon
- Rival parties clash over Seoul's role following no deal Hanoi summit
- Researchers find geothermal power plant as a cause of Pohang earthquake
- S. Korean firefighters carry out nationwide drills to raise public awareness
- The number of marriages fall to the lowest since the statistics recorded
- K-pop star sex scandal roils South Korea
- South Korea became world's No. 2 importer of U.S. crude oil in 2018
- N. Korea calls back ambassadors to China, Russia and UN to review denuclearization tactics: experts
- N. Korea seeks sanctions relief, U.S. says regime must abandon nuclear, missile programs
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