Economy

HSBC Korea Appoints New President And CEO

HSBC Korea just appointed Jung Eun-young as its new and first Korean president and CEO who was the former head of HSBC Korea’s global banking division.

February 24, 2017 at 1:35 am

South Korean Consumer Sentiment Rebounds In February

South Korean consumer sentiment improved in February from the previous month as increased investments and exports boosted the economy, according to the Bank of Korea.

February 23, 2017 at 7:31 am

Trump Will Not Likely Focus On South Korean Trade Issue For Now

The US government will likely set aside its trade issues with South Korea for a while as Washington is more focused on security concerns in northeast Asia, according to a think-tank report.

February 23, 2017 at 6:36 am

Bank Of Korea Keeps Key Rates Steady At 1.25 Percent For 8th Straight Month

The central bank's Monetary Policy Board kept its key rate unchanged for an eighth consecutive month in February, as it tries to support growth as the economy faces a string of uncertainties ranging from rising household debt to additional US Fed rate hikes.

February 23, 2017 at 1:07 am

Koreans Will Soon Have More Flexible Working Hours

The South Korean government wants to expand flexible working hours of workers in the public and private sectors as part of its plan to boost domestic consumption and spur the economy.

February 23, 2017 at 12:33 am

South Korea Reportedly Heading Toward Another Crisis

South Korea is reportedly heading toward another crisis because of the several controversies and scandals that the country is facing the past days.

February 22, 2017 at 11:42 pm

Citibank Korea To Offer Banking And Financing Solutions

Citibank Korea will offer banking solutions and financial tools in order to help the country deal with the unpredictable forces that can make or break a company.

February 22, 2017 at 11:41 pm

Korea To Profit From Bilateral Trade With US.

Korea is said to profit from its bilateral trade with the United States but it has been reported too that both countries would benefit from this.

February 22, 2017 at 4:52 am

South Koreans Spent Less On Cosmetics And Clothes In 2016

South Koreans' credit card spending on cosmetics and apparel items dropped in 2016, according to the Bank of Korea, as the sluggish economy is slowing down consumer spending.

February 22, 2017 at 4:47 am

South Korea, US Trade Is Mutually Beneficial: Report

Bilateral trade between South Korea and the US continues to be mutually beneficial as the trade surpluses primarily come from Korean exports of intermediate goods that American manufacturers need to produce their own finished goods, according to a trade report.

February 21, 2017 at 7:40 am

POSCO Increases Production Of Electrical Steel Sheets

POSCO is reportedly increasing its production of electrical sheets in order to meet the growing demands in these products which are environment-friendly at the same time.

February 21, 2017 at 7:13 am

Overseas Card Spending By South Koreans Rose To Record High In 2016

South Koreans' overseas card spending climbed to a record high in 2016 as the number of outbound travelers increased, according to the Bank of Korea.

February 27, 2017 at 10:06 pm

South Korea's Producer Prices Sharply Up in January

Producer prices in South Korea's climbed sharply to their highest in two years last month as prices of agricultural products rose, according to preliminary data from the Bank of Korea.

February 27, 2017 at 10:04 pm

China Stops Importation Of Coal From North Korea; Move Was In Compliance Of UN Resolution

In compliance with UN sanctions, China has stopped importing coal from North Korea for the rest of the year. However, the country is still pushing for a diplomatic resolution to the issues surrounding North Korea.

February 27, 2017 at 10:00 pm

Harman Shareholders Say Yes To Samsung Merger

The Samsung-Harman merger is finally happening, with a majority of the American company's shareholders approving the deal.

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