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01:39
Korean business leaders to accompany President Moon to U.S.
Included in the 52-person delegation to accompany President Moon Jae-in to the U.S. next week are the leaders of ten major business groups including the Vice Chairman of the country's largest automaker Hyundai Motor Chung Eui-sun as well as the Chairman of Korea's third-largest conglomerate SK Group Chey Tae-won. ...
2017-06-23 20:02:49 KST -
00:40
South Korea's exports, imports rose for seventh straight month in May
Korea's export AND import volume indices rose for the seventh month in a row in May. Preliminary data released by the Bank of Korea on Friday shows the import volume jumped nine-and-a-half percent on-year due to a surge in machinery and electronic devices, particularly components used to produce Korea's main export ...
2017-06-23 14:29:17 KST -
00:44
Korea's anti-trust chairman meets executives of Korea’s four major companies
Korea's antitrust chairman is meeting with top executives from the country's four major conglomerates in Seoul this afternoon. This is the first time in thirteen years that a Korea Fair Trade Commission chairman has met with representatives of Korean conglomerates. During the one-hour-long meeting with executives fr...
2017-06-23 13:11:29 KST -
02:09
U.S. trade chief warns China's market status may bring 'cataclysmic' consequences for WTO
U.S. Trade Representative Robert Lighthizer warned that granting market economy status to China will bring “cataclysmic” consequences for the World Trade Organization. That's what Lighthizer told Congress on Wednesday regarding China's demand that it be recognized in the WTO as a market economy, against the wishes...
2017-06-22 19:59:58 KST -
02:17
BOK cites Korea's massive household debt as number one risk factor
Korea's central bank released a report highlighting the growing number of high-risk households when it comes to debt repayments especially given the potential of rising interest rates. In a report on financial stability submitted to the National Assembly, the Bank of Korea said the country's staggering household...
2017-06-22 18:05:21 KST -
01:48
Share of long-term unemployed hits 13-year high
According to Statistics Korea on Thursday, the number of people who have been jobless for over half a year hit 120-thousand in May, accounting for close to twelve percent of the total unemployment figure. This figure is the highest it's been for thirteen years, since May 2004's 13-point-six percent. And the shar...
2017-06-22 15:04:43 KST -
00:53
Value of stocks owned by Samsung's founding family surges on back of KOSPI's rise
Samsung Group's founding family is riding high on the back of Korea's soaring stock market. Industry tracker Chaebul-dot-com says the combined value of stocks owned by the chief of Samsung Group and chair of Samsung Electronics, Lee Kun-hee, AND his only son,… Lee Jae-yong, has reached a total of four trillion won,… ...
2017-06-22 14:31:50 KST -
00:53
BOK dismisses key rate hike citing Korea's massive household debt
The Bank of Korea is giving a positive outlook on the recovery of the local economy, saying the external risks to the economy have somewhat been resolved. It adds the Korean economy has the ability to absorb potential shocks, as seen in the case of the U.S. rate hike earlier this month. The central bank however i...
2017-06-22 11:59:46 KST -
02:30
Sihwa tidal power plant poses as good example in search for renewable energy
An hour's drive away from the capital Seoul is the coastal city of Ansan. Here, Korea's one and only operating tidal power plant sits between the border of the West Sea and Sihwa Lake. Utilizing seawater stored inside a tidal embankment built at the mouth of the lake the facility generates and stores e...
2017-06-22 11:59:46 KST -
00:43
Share of long-term unemployed hits 13-year high
South Korea's job market is under strain not only from a high youth unemployment rate of around ten percent, but also from an increasing number of people of all ages who have been jobless for an extended period of time. According to Statistics Korea on Thursday, the number of people who have been jobless for over ha...
2017-06-22 08:57:18 KST -
00:28
Angola's capital world's most expensive city for expats, Seoul 6th
The Angolan capital of Luanda has knocked Hong Kong off the top spot for the most expensive city for expats. The claim was made in a survey published on Wednesday by consultancy firm, Mercer. It was the second time in three years that Luanda topped the survey, which compares the costs of 200 items, including hou...
2017-06-22 07:07:19 KST -
00:39
Hacking group threatens to compromise major Korean banks unless Bitcoin ransom is paid
A global hacking group has threatened to conduct cyberattacks on major South Korean banks, unless a ransom payment is made by its imposed deadline, next Monday. The Financial Supervisory Service says hackers calling themselves the "Armada Collective" sent an email containing their threat to seven South K...
2017-06-22 07:07:18 KST
top stories
01:34
U.S. will pressure North Korea to abandon its nuke, missile programs: Pence
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00:42
More than 140 people missing after China landslide
A desperate search is ongoing in China for more than one-hundred-40 vi...
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01:17
South Korean President invites North Korean athletes to 2018 Winter Olympics in PyeongChang, South Korea
South Korean President Moon Jae-in has invited North Korean athletes t...
Most Popular in News
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02:27
President Moon calls for job creation roadmap by end of August
The very first official meeting of a presidential committee solely d...
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01:55
North Korea looms large at U.S.-China security talks
The high-level security talks between United States and China focuse...
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02:00
Korea condemns Japan's 'repeated' and 'unjustified' claims over Korea's easternmost Dokdo Islands
Japan is accelerating another attempt to distort history by teach...
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02:09
Scientific probe concludes recent drone was sent from North Korea
South Korea's defense ministry announced on Wednesday that t...
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03:59
President Moon makes first disclosure of THAAD deployment timetable in initial S. Korea-U.S. agreement
(Korean) "North Korea is not yet capable, but judging from the sp...
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Lastest News
- South Korean President invites North Korean athletes to 2018 Winter Olympics in PyeongChang, South Korea
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- Four Chinese coastguard ships enter waters near disputed East China Sea islands
- U.S. will pressure North Korea to abandon its nuke, missile programs: Pence
- More than 140 people missing after China landslide
- U.S. lawmaker requests President Moon Jae-in address Congress during Washington trip
- OECD forecasts recovery trend for South Korean economy to continue
- Visiting U.S. official requested South Korea complete THAAD installation this year: Asahi Shimbun
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