Thursday, November 29, 2012
South Korea's current account surplus narrowed slightly in October following a surge the previous month, as import growth outpaced exports, the Bank of Korea said Wednesday.
South Korea's capital stands to lose 1 million people of working age over the next 20 years — a fallout from the country's status as one of the world's most rapidly aging societies.
Wednesday, November 28, 2012
South Korea announced Tuesday it was lowering the ceiling on foreign exchange forward positions by foreign and local banks, to ease currency volatility after a sharp appreciation in the Korean won.
Tuesday, November 27, 2012
Shares in the antivirus software firm AhnLab Inc. plunged 15 percent Monday after its founder, Ahn Cheol-Soo, withdrew from South Korea's presidential race in which he had run as an independent.
Tuesday, November 20, 2012
South Korea, China and Japan will soon start talks for a free trade pact that will encompass three of the world's biggest economies, South Korea's trade minister said Monday.
Saturday, November 10, 2012
South Korea's central bank on Friday kept its key interest rate unchanged at 2.75 percent following a cut last month, as Asia's fourth-largest economy showed small signs of recovering from a year-long slump.
Thursday, November 8, 2012
An increasing number of Korean customers are ordering LG Nexus 4 smartphones and Samsung Nexus 10 tablets from the U.S., since they cost only about half of other up-to-date smartphones sold in Korea, according to news reports.
Wednesday, November 7, 2012
Boasting super cheap tickets to woo thrifty Korean customers, foreign airlines are rushing into the local market to compete with their Korean counterparts.
South Korea's top mobile operator SK Telecom Tuesday reported a 54-percent drop in third-quarter net profit due to heavy spending on promoting next-generation services and upgrading network equipment.
Monday, November 5, 2012
South Korea's total public and private-sector debt soared to US$2.75 trillion this summer due to greater spending to stimulate growth and growing household borrowing, a report said Sunday.