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[New in Korean] Time travel to retrieve lost items, relationships
Vice FM visits UAE for talks on economic, energy cooperation
[Drama Tour] Cheongju as seen through the lens of 'The Glory'
[What to Stream] Take a break with heartwarming, rib-tickling sitcoms
[New in Korean] In colonial Gyeongseong, young artists gather at Western-style cafe Kakadu
[Weekender] Why aren't K-pop stars cashing in on cosmetics?
[EYE] 'Dogs cherish time with human companions, visually impaired or not'
S. Korean adults read books less than ever before: report
Venice Biennale titled 'Foreigners Everywhere' platforms LGBTQ+, outsider and Indigenous artists
Details of meeting between Yoon, opposition leader undecided: presidential office
Foreign Ministry denounces heightening tensions in Middle East
[New in Korean] Lee Seo-su's experience opening cafe reflected in her latest novel
Gold trading volume spikes amid Mideast crisis
Chinese man behind drug scam targeting teens nabbed in Cambodia
Seoul envoy for N.K. human rights urges solidarity in Argentina, Mexico
Yoon, Romanian president to hold summit in S. Korea next week
S. Korea voices strong regrets over Japanese textbooks distorting wartime history
[Herald Interview] Lim Yunchan: Chopin album feels like long-awaited eruption
Discover awarding-winning Korean literature at 'Springing to Life' exhibition
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BOK holds rate, wary of inflation's ‘last mile’
Apr 12, 2024
Korean won-US dollar exchange rate closes at 1,375.4 won, hitting 17-month high
Uneven pace of economic recovery among sectors continues in S. Korea: finance ministry
Apr 12, 2024
The South Korean economy has largely been on a recovery track on the back of robust growth of exports and manufacturing production, but domestic demand remains weak and uncertainties have grown over global prices of raw materials, the finance ministry said Friday. "Our economy has seen an economic recovery centering on manufacturing output and exports while reporting a high level of employment," the Ministry of Economy and Finance said in the Green Book, its monthly economic assessment
[Herald Interview] Weak consumption, property risk could delay Korea’s recovery: ADB economist
Apr 11, 2024
Korean economy forecast to grow by 2.2% in 2024, 2.3% in 2025
Yoon's plans to boost stock market likely to fizzle
Apr 11, 2024
Tax reform plans for corporations participating in value-up programs may struggle to clear parliamentary hurdle
Korea's national debt hits record high in 2023
Apr 11, 2024
South Korea's national debt surged by nearly 60 trillion won ($44 billion) last year, reaching a record high. According to a report on the 2023 national settlement of accounts approved at a Cabinet meeting, the country's national debt stood at 1,126.7 trillion won, up by 59.4 trillion won from 2022. The total includes 1,092.5 trillion won owed by the central government and 34.2 trillion won owed by provincial governments, increasing by 59.1 trillion won and 300 billion won, respectively, from th
Exports rise 21.6% in first 10 days of April on solid chip sales
Apr 11, 2024
South Korea's exports rose 21.6 percent on-year in the first 10 days of April on robust global demand for semiconductors, data showed Thursday. Outbound shipments reached $16.44 billion in the April 1-10 period, compared with $13.52 billion tallied a year earlier, according to the data from the Korea Customs Service. Per-day exports advanced 13.5 percent on-year to $2.19 billion. Imports grew 5.8 percent on-year to $18.4 billion during the period, resulting in a trade deficit of $2 billion.
S. Korean economy to grow 2.3% in 2024: AMRO
Apr 8, 2024
An economic surveillance organization in Asia has expected the South Korean economy to expand 2.3 percent this year on rising exports, Seoul's finance ministry said Monday. The ASEAN+3 Macroeconomic Research Office made the assessment in its regional report, noting that the recovery of the semiconductor sector will boost exports and lead the overall economic growth, according to the Ministry of Economy and Finance. Last year, the Korean economy expanded 1.4 percent amid a global economic sl
Hana Bank opens nation’s largest forex dealing room
Apr 3, 2024
Hana Bank, South Korea's major commercial bank, opened a new dealing room -- the latest of its kind here -- in Seoul on Wednesday. Named "Hana Infinity Seoul" to signify the bank's ambition to expand its global reach, the new dealing room occupies the fourth and fifth floors of the lender's headquarters in Jung-gu, central Seoul. Spanning 2,096 square meters and with seating for 126, it is the country's largest such space, the bank states. The opening ceremony was a
Foreign reserves rebound, riding out strong US dollar
Apr 3, 2024
South Korea's foreign exchange reserves rebounded in March after a two-month decline, backed by deposits and investment gains offsetting the strong US dollar, the central bank said Wednesday. The country's foreign reserves had come to $419.25 billion as of late March, up $3.51 billion from the previous month, according to the data from the Bank of Korea. The figure advanced on-month after declining for the first two months of the year. It moved down $4.4 billion and $20 million in Janu
Kakao Bank CEO joins Grab's board
Apr 3, 2024
Yun Ho-young, CEO of Kakao Bank, has been appointed as a new board member for Grab, the largest super-app operator in Southeast Asia, the Internet-only lender confirmed Wednesday. Yun was officially appointed as an outside director of Grab's board on Monday and will serve as a member of the board's audit committee. Yun's appointment follows the strategic partnership formed between the two companies last year. In October, Kakao Bank announced the acquisition of a 10 percent stake i
FSC ramps up benefits to bolster corporate value-up drive
Apr 2, 2024
Financial regulators are ramping up efforts to encourage local companies to participate in the government's initiative to bolster South Korea's market valuation. The Financial Services Commission announced a series of new incentives on Tuesday for companies improving their governance structures, including exemptions from the government's stringent auditor designation system. Under the current regulations, listed companies appointing auditors voluntarily for six consecutive years m
Consumer prices rise over 3% for 2nd month in March
Apr 2, 2024
South Korea's inflation stayed over 3 percent for the second consecutive month in March on record prices of fruits and rising global oil prices, data showed Tuesday. Consumer prices, a key gauge of inflation, rose 3.1 percent on-year last month, following a 3.2 percent increase the previous month, according to the data from Statistics Korea. In January, inflation fell below 3 percent for the first time since July 2023, but high prices of fruits, farm produce and energy have caused inflation
Exports rise for 6th straight month in March
Apr 1, 2024
South Korea's exports moved up for the sixth consecutive month in March on the back of the robust performance of chips, data showed Monday. Outbound shipments gained 3.1 percent on-year to $56.5 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. Imports decreased 12.3 percent on-year to $52.2 billion last month, resulting in a trade surplus of $4.28 billion. South Korea has been maintaining a trade surplus for 10 consecutive months. By sector,
[Hello India] Korean investment firms push into India amid China decline
Mar 31, 2024
As Mirae Asset thrives in India, more Korean brokerages eye opportunities, amid lingering regulatory setbacks
March inflation estimated to reach 3.2 %
Mar 31, 2024
South Korea's consumer prices increase is estimated to stay above 3 percent for the second month in March on energy price and foreign exchange variables, market reports showed Sunday. The country's March inflation outlooks estimated by eight securities firms, including NH Investment & Securities, Kyobo Securities, Meritz Securities and DB Financial Investment, averaged at 3.2 percent. In January, inflation fell below 3 percent for the first time since July 2023, when the figure cam
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Yoon's approval rating plunges to all-time low
S. Korea votes in favor of Palestinian bid for UN membership
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Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
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[From the Scene] Monks, Buddhists hail return of remains of Buddhas
Medical schools granted enrollment quota flexibility for next year
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Yoon offers first one-on-one meeting with opposition leader next week
France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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