South Korea's top economic policymakers said Thursday that they will do their best to manage economic and financial risks in a way that maintains economic growth momentum in the new year."Despite some downside risks at home and abroad, the South Korean economy pulled off favorable growth last y
South Korea's central bank chief said Tuesday that he will make a prudent decision on a further rate hike by taking into account all economic data."The Bank of Korea raises the rate based on data, economic indices and other conditions," BOK Gov. Lee Ju-yeol told reporters. "The board members
SEOUL, Dec. 31 (Yonhap) -- South Korea's central bank chief said Sunday that the expansionary monetary policy will be maintained in the new year in a way to further fuel the economic growth of Asia's fourth-largest economy."As the economy is expected to continue pulling off steady growth in
Samsung Electronics Co. is anticipated to post sound earnings for the fourth quarter of 2017, analysts said Sunday, driven mostly by its chip business.According to the data compiled by Yonhap Infomax, the financial arm of Yonhap News Agency, the South Korean tech giant is anticipated to post an oper
SEJONG, Dec. 30 (Yonhap) -- South Korea's tobacco imports rose to the highest level in 15 years this year, led by the popularity of heat-not-burn (HNB) electronic cigarettes, government data showed Saturday.South Korea imported US$199.96 million worth of cigarettes in the first 11 months of this
Hyundai Glovis Co., the auto freight unit of South Korea's Hyundai Motor Group, said Friday that it has secured 1.42 trillion won (US$1.3 billion) in orders to ship vehicles built by Hyundai Motor Co. and its smaller affiliate Kia Motors Corp.Under the two separate deals, Hyundai Glovis said it
(Yonhap) -- South Korean domestic stock investment funds have attracted more than 3 trillion won (US$2.8 billion) over the past month amid expectations for a market rally in January, a market tracker said Friday.Equity funds focused on local stocks posted a net money inflow of 3.54 trillion won in t
Foggy conditions on Christmas Eve have forced several cancellations and delays at South Korea's main gateway.As of 10 a.m. on Sunday, 34 outbound and nine inbound flights at Incheon International Airport have been delayed, according to Incheon International Airport Corp. (IIAC). In addition, fiv
Growth of South Korean households' financial assets reached an all-time low this year amid prolonged low interest rates, government data showed Sunday.The average financial assets of local households stood at 97.8 million won (US$90,600) as of the end of March, up a mere 1.5 percent from a year
South Korea's state pension operator is expected to post a dividend income of nearly 2 trillion won (US$1.84 billion) this year on strong earnings by tech and financial firms, a market tracker said Wednesday.According to FnGuide, the National Pension Service (NPS) is estimated to receive 1.96 tr
More than 200 big South Korean companies have invested in 10 other firms or funds on average as part of their efforts to secure technology and expand their businesses, a market tracker said Wednesday.The data compiled by CEO Score, a website that tracks conglomerates and financial firms, showed that
If Korean "manhwa," or comic books, and cartoons are your thing, Bucheon, about 25 kilometers west of Seoul, should be considered a must-visit city in South Korea that has a museum on the art.Located in the city's Giljuro road, the Korea Manhwa Museum is a multicultural venue dedicated to manh
The amount of uncollected premiums for South Korea's state health insurance hit a record high in 2017 due to increased business failures amid a slowing economy, the insurance operator said Monday.According to the National Health Insurance Service, its lost premiums stood at a fresh high of 188 b
South Korea's spy agency suspects North Korea might be involved in recent hacking incidents related to cryptocurrency, according to sources on Saturday.The National Intelligence Service (NIS) is said to have secured evidence that the North was involved in stealing the personal information of som
South Korea's corporate watchdog is looking into whether Mirae Asset Group, a major financial service provider, is violating regulations over inside transactions among its affiliates, industry sources said Friday.The current law forbids inter-affiliate trading within a business group where the c
South Korea's top 100 firms by market capitalization saw their surplus cash tumble nearly 35 percent this year from a year earlier due largely to increased investment, a market tracker said Wednesday.The leading listed companies had a combined surplus cash flow of 34.1 trillion won (US$31.2 bill
The 2018 PyeongChang Winter Olympics are hoped to expedite South Korea's economic cooperation with other countries, especially with Eurasian nations with which the country is seeking a free trade agreement (FTA), trade-related officials said Thursday.The PyeongChang Games, opening in February, w
Key business indices for renewable energy, including investment and domestic demand, have backtracked over the past few years, data showed Monday, a challenge to the government policy to pursue non-nuclear power sources.The data provided in a 2016 survey by the New Renewable Energy Center of the Kor
South Korea's jobless rate dropped to the lowest level in 10 months in October, but the rate of the fall slowed down, government data showed Wednesday.The unemployment rate stood at 3.2 percent last, down 0.2 percentage point from the same month last year, according to the report compiled by Sta
South Korea's main stock market has been the third-best performer among bourses in major advanced and emerging countries this year despite its recent drop, data showed Thursday.The benchmark Korea Composite Stock Price Index (KOSPI) fell for the second session to close at 2,545.44 on Tuesday on