▶주메뉴 바로가기
▶본문 바로가기
South Korea's antitrust watchdog has taken steps to penalize Meta Platforms for allegedly failing to protect local consumers on its e-commerce platforms of Facebook and Instagram, sources said Friday. The Fair Trade Commission (FTC) has concluded its investigation into Meta's purported violations ...
Fair Trade Commission Chair Han Ki-jeong on Thursday shared the key policies of the antitrust regulator for this year, including the controversial anti-monopoly platform bill, at a conference hosted by the American Chamber of Commerce in Korea. “The Fair Trade Commission will strive to establish ...
With the unprecedented global rally of bitcoin seen earlier this week, the “kimchi premium,” referring to the price discrepancy in cryptocurrency between Korea and other international markets, has soared as well. The gap had widened to 12 percent as of 5 a.m. Wednesday, meaning the bitcoin that ...
Consumer price growth resurged to above 3 percent in February, showing that Korea may be facing stickier-than-expected inflation. Consumer prices, a key gauge of inflation, advanced 3.1 percent on-year last month, according to data from Statistics Korea. Though price growth fell to 2.8 percent in...
South Korea’s gross national income per capita rebounded to over $33,000 in 2023, marking a 2.6 percent rise on-year, while the national economy grew by 1.4 percent, preliminary data from the Bank of Korea showed Tuesday. The GNI per capita, a measure of the amount of money earned per person in a...
President Yoon Suk Yeol met with Mark Zuckerberg, CEO of Meta, formerly Facebook, on Thursday to discuss ways to enhance cooperation in cutting-edge technologies, especially artificial intelligence, upon the US tech giant’s request. The presidential office confirmed that Yoon and Zuckerberg met a...
Inflation could rise over 3 percent in South Korea in February on high prices of global oil and fresh food items, the Finance Ministry said Thursday, vowing all-out efforts to curb inflation. In January, consumer prices, a key gauge of inflation, rose 2.8 percent on-year, marking the first fall be...
March 3, also known as "Samgyeopsal Day" in Korea, is approaching, with anticipation building for promotional events planned by local supermarkets. Most supermarkets and e-commerce platforms will offer discounts ranging from 40 to 50 percent on pork belly from Feb. 29 to March 3. But there is a c...
South Korea's fertility rate continued its steep fall last year as it hit a record low of 0.72, darkening prospects for the country that already has the world's lowest fertility rate, data showed Wednesday. The country's fertility rate -- the average number of children a woman has during her lifet...
Mark Zuckerberg, CEO of Meta, formerly Facebook, met with LG Electronics CEO Cho Joo-wan on Wednesday in Seoul to discuss ways to strengthen their corporate partnership in the extended reality business. Zuckerberg had a luncheon with Cho and other senior officials from LG, including Kwon Bong-seok...
Former Industry Minister Yoon Jin-shik officially took the reins of the Korea International Trade Association, the nation's largest trade lobby group, after being approved at a general meeting on Tuesday. "Korea's exports experienced difficulties with the slowdown of the global economy but it will...
Rises in high interest rates led to a 49 percent surge in Korean banks' potential uncollected loans for 2023, Yonhap News reported, citing a data from the financial industry. The data released on Tuesday revealed a significant 49 percent increase in the potential uncollected loans held by four maj...
A recent poll indicated that business sentiment in South Korea for March has continued to be pessimistic, largely influenced by ongoing worries about the global economic slowdown. According to the monthly survey conducted by the Federation of Korean Industries (FKI), the Business Survey Index (BSI...
South Korea has tightened household debt regulations with the introduction of "stress interest" to the debt service ratio system across the banking sector, effective Monday. The Financial Services Commission has implemented the stress DSR system, which imposes surplus interest -- called stress int...
South Korea's tech exports surged to a new peak of $15.2 billion in 2022, with a 2 percent increase driven by heightened sales to the United States, government data revealed on Monday. Tech imports grew by 5 percent to $19.6 billion during the same period, leading to a 17.1 percent expansion in th...
Seoul shares rattled by Israeli attack on Iran; Kospi dips to nearly 11-week low
S-Oil donates W560m to support firefighters
LG CNS teams up with Yonsei University to nurture AI specialists
Polestar 4 to make Korean debut in June
S. Korea pledges W23tr venture capital fund for green investment at G20 meeting
Sungsimdang outperforms bakery giants to log sales over W100b