Tuesday, December 23, 2014
South Korea lowered its growth forecast for next year, citing persistently weak sentiment among consumers and businesses. But the government predicted that overall economic conditions will improve from this year thanks to government measures, recovery in the U.S. economy and the fall in oil prices.
South Korea's nuclear power plant operator launched a two-day drill Monday to test its ability to thwart a cyberattack, after a series of online information leaks by a suspected hacker.
Tuesday, December 9, 2014
In order to spur investment and economic growth, the South Korean government recently started a large-scale promotional campaign to attract more foreign business into the country's eight free economic zones (FEZs).
Thursday, December 4, 2014
Wednesday, December 3, 2014
South Korea's inflation rate hit its lowest point for nine months in November, as the plunge in global oil prices forced a drop in transport costs, state data showed Tuesday.
Monday, November 24, 2014
As Japan slips into recession, South Korea is keeping an increasingly wary eye on its export rival's free-falling currency, which is honing a lasting competitive edge over Korean products in a number of key markets.
Friday, November 14, 2014
South Korea's central bank on Thursday kept the key interest rate unchanged at 2.0 percent for November, as its governor warned over a “worrisome” drop in the Japanese yen and its possible impact on exports.
Thursday, October 16, 2014
South Korea's central bank lowered its key interest rate to a record low Wednesday as it tries to bolster a fragile economic recovery. The bank also downgraded its growth forecasts for Asia's fourth-largest economy.
Tuesday, October 14, 2014
The top management of Hyundai Heavy Industries, South Korea's top shipbuilder, on Sunday asked all of its executives except for the chairmen and CEO to file for resignation.
Friday, September 19, 2014
After announcing it would scrap rice import caps from next year, the South Korean government proposed Thursday an initial 513-percent tariff to soften the impact on a crucial domestic market.