South Korea's foreign currency holdings fell slightly for the first time in four months in February on a strong U.S. dollar trend, central bank data showed on Mar. 6, 2019.The total value of the country's foreign exchange reserves came to US$404.67 billion as of end-February, down $840 milli

The South Korean economy grew by a six-year low of 2.7 percent last year due to sluggish corporate investment, but its per capita income surpassed US$30,000 for the first time, preliminary data by the central bank showed Tuesday. The revised 2018 reading by the Bank of Korea (BOK) is on par with its

South Korea said Monday it is maintaining round-the-clock tabs of financial markets and set to take necessary steps in case of volatility.The move came four days after the leaders of North Korea and the United States ended their high-stakes nuclear summit in Hanoi with no agreements being reached.St

South Korean shares are expected to trade in a limited range next week, with investors set to take a wait-and-see stance on key economic indexes, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,195.44 on Friday, down 1.57 percent from last week's close.

South Korea's exports moved down 11.1 percent in February from a year earlier, government data showed Friday, due to the falling global prices of chips coupled with the slowing Chinese economy.Outbound shipments came to US$39.56 billion for last month, down from the $44.52 billion posted a year

South Korean stocks closed lower on Feb. 28, 2019 following uncertainties over the U.S.-North Korea summit, analysts said. The local currency gained against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) plunged 39.35 points, or 1.76 percent, to 2,195.44. Trading volume was

Banks have agreed to fully open their payment systems to financial technology firms, the head of the financial regulator said Monday, in a move that will provide a level playing field for new players and increase competition in the financial industry. Choi Jong-ku, chairman of the Financial Services

South Kora's producer prices fell to a 12-month low in January on falling crude oil prices, central bank data showed Friday. The producer price index, a barometer of future consumer inflation, reached 103.75 last month, down 0.2 percent from a month earlier, according to the preliminary data fro

The price of popular dishes rose about 8 percent over a one-year period, the Korea Consumer Agency said on Feb. 21, 2019.Posted on the agency's price information site, the list of eight dishes measured between January of last and this year showed price increases for seven. "Gimbap," a

South Korea's finance minister said Thursday that Seoul will push for talks with Britain on forging a bilateral free trade deal, citing London's imminent departure from the European Union.The comments by Hong Nam-ki, the minister of economy and finance, underscored South Korea's efforts

South Korea's monthly current account surplus hit an eight-month low in December on slowing exports, central bank data showed Friday.The country's current account surplus came to US$4.82 billion in December, slightly up from $4.49 billion a year earlier, according to the preliminary data fro

South Korea and Russia on Feb. 14, 2019 inked an action plan on a wide range of areas in the latest move to boost bilateral cooperation, the government here said.The plan on "nine bridges" was signed between Hong Nam-ki, the minister of economy and finance, and Russian Deputy Prime Minister Yuri T

South Korea's jobless rate rose to 4.5 percent in January as the pace of hiring slowed, government data showed on Feb. 13, 2019, in the latest sign of an economic slowdown in Asia's fourth-largest economy.The unemployment rate marked the highest level for any January since 2010, when the cor

South Korean exports are forecast to decline in 2019, as outbound shipments contracted for two months in a row, economic organizations and observers said on Feb. 6, 2019.The poor export showings in December and January marked the first time in 27 months that shipments have fallen in consecutive mont

Hyundai Oilbank Co., a major South Korean refiner, plans to import 2 million barrels of Iranian condensate this month, a person familiar with the issue said Monday. It would be Hyundai Oilbank's first imports of ultralight crude since September, two months before the United States imposed the mo

The state-run Korea Electric Power Corp. (KEPCO), which is currently seeking to open its own university in South Jeolla Province in 2022, is expected to face hurdles in opening on time amid financial and administrative challenges, industry watchers said Monday.In January, KEPCO selected the Booyoung

The contribution of government spending and investment to South Korea's economic growth reached a nearly 20-year high in the fourth quarter of last year amid sluggish private consumption and production, central bank data showed Sunday. According to the latest data by the Bank of Korea (BOK), Sou

South Korea's exports moved down 5.8 percent in January from a year earlier, government data showed Friday, due mainly to weaker performances by chips and petrochemical goods.Outbound shipments came to US$46.3 billion for January, down from $49.2 billion posted a year earlier, according to the d

South Korea's central bank said Friday that it will not let down its guard during the five-day Lunar New Year holiday, amid lingering financial uncertainties.The Bank of Korea (BOK) said rising uncertainties in global financial markets may affect the South Korean market, which is scheduled to be

South Korea's industrial output fell 0.6 percent in December from a month earlier due in part to decreased exports of cars and semiconductors, government data showed on Jan. 31, 2019.The data compiled by Statistics Korea showed semiconductor output fell 4.5 percent in December from a month earli