[Economy] :
The South Korean won weakened past the psychological threshold of 14-hundred won against the U.S. dollar on Tuesday, after Donald Trump’s victory in the U.S. presidential election last week.  The South Korean currency traded at 14-hundred-point-seven won per dollar as of 9:05 a.m. Tuesday, six won more ...

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[Economy] :
A state-run institute has revised down this year’s growth outlook by zero-point-three percentage point to two-point-two percent. In August, the Korea Development Institute(KDI) said it expected the economy to expand two-point-five percent in 2024. The institute said the economic recovery has weakened as ...

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[Economy] :
South Koreans appear to hold more favorable views of marriage and childrearing than they did two years ago. According to Statistics Korea on Tuesday, 52-point-five percent of some 36-thousand people aged 13 and older polled in May said people should get married, up two-point-five percentage points from ...

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[Economy] :
The benchmark Korea Composite Stock Price Index dipped 49-point-09 points, or one-point-94 percent, on Tuesday to close at two-thousand-482-point-57. The tech-heavy KOSDAQ slid 18-point-32 points, or two-point-51 percent, to close at 710-point-52.

[more...]

[Economy] :
The South Korean won weakened past the psychological threshold of 14-hundred won against the U.S. dollar on Tuesday, after Donald Trump’s victory in the U.S. presidential election last week.  The South Korean currency traded at 14-hundred-three-point-five won per dollar as of 3:30 p.m. Tuesday, ...

[more...]

[Economy] :
South Korea’s benchmark Korea Composite Stock Price Index(KOSPI) slipped below the two-thousand-500 threshold on Tuesday for the first time since August’s “Black Monday.” The KOSPI dipped 49-point-09 points, or one-point-94 percent, on Tuesday to close at two-thousand-482-point-57. In the ...

[more...]

[Economy] :
The nation added 83-thousand jobs in October, with job growth falling below 100-thousand for the first time in four months.  According to Statistics Korea on Wednesday, the number of employed people stood at 28-point-eight million last month, up 83-thousand from the same month last year. Job growth fell ...

[more...]

[Economy] :
The country’s import prices jumped more than two percent in October due to the won’s depreciation against the U.S. dollar and a rise in global oil prices.  According to data from the Bank of Korea on Wednesday, the country’s import price index reached 137-point-61 in October, up two-point-two ...

[more...]

[Economy] :
South Korea’s tech-laden KOSDAQ fell below the 700 mark during trading for the first time in two months.  As of 10:12 a.m. Wednesday, the secondary KOSDAQ market stood at 697-point-94, down 12-point-58 points or one-point-77 percent from the previous day.  It marks the first time the KOSDAQ has ...

[more...]

[Economy] :
The benchmark Korea Composite Stock Price Index tumbled 65-point-49 points, or two-point-64 percent, on Wednesday to close at two-thousand-417-point-08. The tech-heavy KOSDAQ sank 20-point-87 points, or two-point-94 percent, to close at 689-point-65.

[more...]

[Economy] :
The minister of trade, industry and energy has met with automotive and battery industry representatives ahead of Donald Trump’s return to power in the U.S. The ministry announced on Wednesday that the meeting took place earlier in the day, with participants highlighting the importance of South Korean ...

[more...]

[Economy] :
Sino-U.S. decoupling is forecast to intensify and preference for U.S. interests to expand under the incoming Donald Trump administration. This outlook was put forth Wednesday at a seminar hosted by the Korea International Trade Association(KITA). Kyung Hee University Professor Seo Jung-kun pointed to a ...

[more...]

[Economy] :
Prime Minister Han Duck-soo says the government will consult with the justice ministry and consider expanding the scope of the E-7 visa for professional workers, if the shipbuilding industry deems it necessary.  Han made the remark during a news conference on Wednesday when asked how the government plans ...

[more...]

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