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00:42
South Korea's producer prices rise to near 4-year high in May
South Korea's producers prices rose to a near four-year high in May on the back of rising global oil prices. The Bank of Korea says the producer price index, a barometer of future consumer inflation, hit one-hundred-four-point-four last month, up zero-point-two percent from the previous month. The producer p...
2018-06-21 10:09:46 KST -
00:48
Stocks wrap up
Checking in on the markets. U.S. stocks were mostly up on Wednesday after a selloff on U.S.-China trade war worries lost steam. The Dow Jones Industrial Average fell 44 points, or around zero-point-two percent, to 24,657. The S&P 500 gained around five points, or zero-point-two percent, to 2,767. The Nasdaq jumpe...
2018-06-21 04:14:14 KST -
02:28
OECD keeps S. Korea's growth outlook for 2018, 2019 at 3%
In it's latest economic survey released Wednesday, the OECD has kept its growth outlook for South Korea at 3 percent, the same it's been since March. No change either in the forecast for next year -- also at 3 percent. This is a biannual survey more comprehensive than the OECD's more frequent growth forecasts....
2018-06-20 18:04:57 KST -
00:35
South Korean stocks close higher
South Korean stocks closed higher on Wednesday as foreign investors jumped back in after a five-day losing streak. Shares had fallen in the past several sessions on fears that trade tensions between the U.S. and China could hurt local businesses and exports. The benchmark KOSPI added 1 percent to close at just unde...
2018-06-20 14:23:18 KST -
02:03
U.S., China sink into deepening trade conflict
The United States and China are sinking into a deepening trade conflict as President Trump threatened this week to impose an additional ten percent tariff on 200 billion U.S. dollars of Chinese goods. He called the move retaliation for Beijing's decision last weekend to raise tariffs on 50 billion dollars' worth o...
2018-06-20 12:19:59 KST -
South Korean cryptocurrency exchange Bithumb halts services after US $31.5 mil. hack
Cryptocurrency markets have taken another hit after Bithumb -- one of South Korea's biggest exchanges -- revealed it was hacked to the tune of 31-and-a-half million U.S. dollars. In a notice on its website Wednesday, the Seoul-based exchange said it had put a stop on all trading after discovering that (quote)...
2018-06-20 11:00:07 KST -
02:35
South Korean companies look into possible inter-Korean projects in the North
Hyundai Asan, the inter-Korean business arm of Hyundai Group, set up a special task force last month to explore business opportunities in North Korea. It's gained further momentum following the North Korea-U.S. summit, where the two leaders agreed to work towards the complete denuclearization of the Korean Peninsul...
2018-06-20 09:58:42 KST -
01:07
Stocks wrap up
Taking a look at the markets.. Wall Street fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets. The Dow Jones Industrial Average fell 287 points, or one-point-one-five percent, to 24,700, the S&P 500 lost zero-point-four percent, to 2,762 and the Nasdaq dro...
2018-06-20 05:55:51 KST -
02:13
Trump threatens trade-war; China pledges to fight back
U.S. President Trump has requested that the U.S. Trade Representative's office draws up a list of 200-billion U.S. dollars worth of Chinese goods for an additional 10-percent import tariff. This comes after an official announcement by U.S government on Friday to place a 25-percent tariff on 50 billion dolla...
2018-06-20 04:10:46 KST -
02:36
Thaw in inter-Korean relations raises hopes of Kaesong Industrial Complex reopening
This is an auto parts factory. After the abrupt shutdown of the Kaesong Industrial Complex in February 2016, the company renovated its warehouse in Incheon, west of Seoul, into a temporary factory. The number of its employees has since been slashed to one tenth the level seen while Kaesong was still open. (Kore...
2018-06-19 18:15:49 KST -
01:47
Small businesses in Korea's 'crisis zones' to get more time to pay back taxes
At Tuesday's Cabinet meeting chaired by Prime Minister Lee Nak-yon,… the government endorsed a revision to the tax law that would allow some cash-strapped small businesses up to defer payment of their back taxes for up to two years. Once approved by the President, likely by the end of June, it will apply to s...
2018-06-19 18:13:49 KST -
00:42
Import prices in May rises on higher global oil prices
The nation's import prices went up at the fastest click in almost a year-and-a-half in May. This comes on the back of rising global oil prices. According to the Bank of Korea import price index hit 87-point-Oh-nine, up two-point-seven percent on-month. The index has been spiking for five straight months since Janu...
2018-06-19 18:13:49 KST
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President Moon embarks on 3-day state visit to Russia
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Police to have greater investigative powers as government seeks to reform prosecution
The South Korean government is seeking to make changes to the investig...
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01:49
N. Korea faces decisive dramatic choice; U.S. has no interest in lengthy talks: Bolton
In an interview with Fox News on Wednesday,... U.S. National Secur...
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02:22
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Lastest News
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