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South Korea’s exports will likely drop more than 6 percent from a year earlier in 2019, dipping below the $600 billion mark only one year after breaching the threshold, a local trade agency said on J...
South Korea is considering extending a temporary tax cut on purchases of all-electric and hydrogen fuel cell electric cars, Finance Minister Hong Nam-ki said on June 25, in the latest move to help ec...
A major umbrella labor group said on June 24 it will stage a general strike next month to protest what it calls the liberal Moon Jae-in government’s suppression of the labor sector. The announcem...
President Moon Jae-in’s new secretary for policy, who earned the nickname “chaebol sniper” for his decade-long shareholder activism, vowed to keep his stance of promoting income-led growth, innovatio...
The South Korean economy added 359,000 jobs in the fourth quarter of last year, the biggest quarterly gain in a year, government data showed on June 20. There were 18.49 million salaried jobs in ...
South Korea retained the top spot in a European innovation list for the seventh consecutive year, the Finance Ministry said on June 19. Korea scored 137 points in global performance in relation t...
Goldman Sachs, a leading global investment banking group, said on June 18 it is cutting South Korea’s growth forecast for this year and next. The slash is based on the prospect of a smaller-than-e...
South Korean companies suffered heavy losses in the first quarter, central bank data showed on June 18, apparently due to a sharp drop in exports and tepid local consumption. In the first three m...
South Korea’s health care and cosmetics exports surged to $14.6 billion last year, helped by solid demand, the Ministry of Health and Welfare said on June 17. Outbound shipments of drugs, medical...
Foreign currency deposits held by banks in South Korea increased in May, central bank data showed on June 17, as both individuals and companies apparently sought to expand their foreign exchange hold...
South Korea’s Industry Ministry said on June 12 it will lend a hand to exporters of major consumer products, such as cosmetics and pharmaceuticals, by providing them with financial aid and other supp...
Amid a raging trade war between the world’s two largest economies, China has turned its wrath on South Korea, which appears to have joined a US-led campaign to sanction Chinese companies including Hu...
The value of online shopping transactions in South Korea rose 17.2 percent in April from a year earlier, data showed on June 5, in the latest sign that a growing number of people are using computers ...
South Korea officially announced the start of free trade agreement negotiations with the Philippines on June 3 as part of efforts to strengthen economic ties with the Southeast Asian country. Dur...
South Korea’s exports suffered the most in the first quarter among the world‘s 20 biggest economies over an escalation of the trade feud between the United States and China, a report showed on June 3...
Local fintech startup unveils Korea’s first commercial system to rule out naked short selling
Kakao’s financial subsidiaries gear up for 2021 IPOs
Hanwha Asset gains PFM license for mainland China
Woori Financial’s Q3 net profit drops 1.13%
NH NongHyup sets up Myanmar branch
Kakao to raise $300m in Singapore to muster up M&A dry powder
Shinhan Financial, Grab partner on digital finance services in Vietnam
Car sharing startup Socar becomes 12th unicorn in S. Korea
November 01, 2020
