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S. Korea companies record largest foreign debt on record due to soaring U.S. dollar

With the value of the U.S. dollar soaring around the world, so is the burden on South Korean companies that import raw materials. It's becoming so serious that the external debt racked up by South Kore...

2022-10-04 08:23:49 KST
S. Korean EV sales decline following Inflation Reduction Act implementation

The knock-on effect on sales of South Korean electric vehicles following the introduction of the U.S. Inflation Reduction Act is now being reflected, as Hyundai's EV sales in September declined on-month...

2022-10-04 08:05:19 KST
00:43
South Korean battery maker Samsung SDI joins RE100 initiative

Samsung SDI joined the RE100 initiative, a global campaign that aims for 100-percent renewable energy by the year 2050. The battery maker pledges to use renewable energy across all of its workplaces in...

2022-10-04 07:24:34 KST
00:40
South Korean battery maker Samsung SDI joins RE100 initiative

South Korean battery maker Samsung SDI has joined the RE100 initiative, a global campaign that aims for 100-percent renewable energy by the year 2050. The battery maker pledges to use renewable energy ...

2022-10-03 17:57:23 KST
00:46
S. Korea likely to log record-high trade deficit of US$ 48 billion this year: KERI

With a weakening currency and high costs for imported energy, South Korea's trade deficit this year is forecast to reach a new record high of almost 50 billion U.S. dollars. According to the Korea Econ...

2022-10-02 14:30:53 KST
S.Korea, U.S. agree to implement liquidity measures if needed

Seoul and Washington's finance chiefs agreed to implement liquidity facilities to stabilize financial markets if needed. During a teleconference call with U.S. Treasury Secretary Janet Yellen, minister...

2022-10-01 18:08:34 KST
00:53
S.Korea, U.S. agree to implement liquidity measures if needed

Seoul and Washington's finance chiefs agreed to implement liquidity measures to stabilize financial markets if needed. During a teleconference call with U.S. Treasury Secretary Janet Yellen, minister C...

2022-10-01 16:56:06 KST
01:58
S. Korea hikes electricity, gas rates for Q4 on surging global energy prices

From next month, the nation's gas and electricity suppliers are raising rates to reflect higher energy costs around the world. Local households and businesses are bracing themselves for spiking bills. ...

2022-10-01 11:00:40 KST
S. Korea sells net US$ 15.49 billion in Q2 of 2022, largest selling since 2019

In a bid to stabilize the currency market, South Korea sold a net 15-point-four-nine billion U.S. dollars of the greenback in Q2. The largest net selling since the BOK and the finance ministry began un...

2022-09-30 21:31:04 KST
S. Korea to cut 10% of energy consumption at public institutions starting next month

Amid the global energy crisis, South Korea plans to launch a nationwide campaign to cut power consumption. Energy Minister Lee Chang-yang said Friday that the government is planning to respond with eve...

2022-09-30 17:27:02 KST
KOSPI plunges again on Friday to the lowest level in 2022

South Korea's benchmark stock index, the KOSPI, plunged again in Friday's session. The KOSPI closed at 2-thousand-1-hundred-55 points, falling 7 tenths of a percent to a fresh low for this year. Durin...

2022-09-30 17:27:02 KST
00:34
KOSPI plunges again on Friday to the lowest level in 2022

South Korea's benchmark stock index, the KOSPI, plunged again in Friday's session. The KOSPI closed at 2-thousand-1-hundred-55 points, falling 7 tenths of a percent to a fresh low for this year. Durin...

2022-09-30 17:04:48 KST

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S. Korea companies record largest foreign debt on record due to soaring U.S. dollar

With the value of the U.S. dollar soaring around the world, so is the burden on South Korean companies that import raw materials. It's becoming so serious that the external debt racked up by South Kore...

S. Korean EV sales decline following Inflation Reduction Act implementation

The knock-on effect on sales of South Korean electric vehicles following the introduction of the U.S. Inflation Reduction Act is now being reflected, as Hyundai's EV sales in September declined on-month...

South Korean battery maker Samsung SDI joins RE100 initiative

Samsung SDI joined the RE100 initiative, a global campaign that aims for 100-percent renewable energy by the year 2050. The battery maker pledges to use renewable energy across all of its workplaces in...

South Korean battery maker Samsung SDI joins RE100 initiative

South Korean battery maker Samsung SDI has joined the RE100 initiative, a global campaign that aims for 100-percent renewable energy by the year 2050. The battery maker pledges to use renewable energy ...

S. Korea likely to log record-high trade deficit of US$ 48 billion this year: KERI

With a weakening currency and high costs for imported energy, South Korea's trade deficit this year is forecast to reach a new record high of almost 50 billion U.S. dollars. According to the Korea Econ...

S.Korea, U.S. agree to implement liquidity measures if needed

Seoul and Washington's finance chiefs agreed to implement liquidity facilities to stabilize financial markets if needed. During a teleconference call with U.S. Treasury Secretary Janet Yellen, minister...

S.Korea, U.S. agree to implement liquidity measures if needed

Seoul and Washington's finance chiefs agreed to implement liquidity measures to stabilize financial markets if needed. During a teleconference call with U.S. Treasury Secretary Janet Yellen, minister C...

S. Korea hikes electricity, gas rates for Q4 on surging global energy prices

From next month, the nation's gas and electricity suppliers are raising rates to reflect higher energy costs around the world. Local households and businesses are bracing themselves for spiking bills. ...

S. Korea sells net US$ 15.49 billion in Q2 of 2022, largest selling since 2019

In a bid to stabilize the currency market, South Korea sold a net 15-point-four-nine billion U.S. dollars of the greenback in Q2. The largest net selling since the BOK and the finance ministry began un...

S. Korea to cut 10% of energy consumption at public institutions starting next month

Amid the global energy crisis, South Korea plans to launch a nationwide campaign to cut power consumption. Energy Minister Lee Chang-yang said Friday that the government is planning to respond with eve...

KOSPI plunges again on Friday to the lowest level in 2022

South Korea's benchmark stock index, the KOSPI, plunged again in Friday's session. The KOSPI closed at 2-thousand-1-hundred-55 points, falling 7 tenths of a percent to a fresh low for this year. Durin...

KOSPI plunges again on Friday to the lowest level in 2022

South Korea's benchmark stock index, the KOSPI, plunged again in Friday's session. The KOSPI closed at 2-thousand-1-hundred-55 points, falling 7 tenths of a percent to a fresh low for this year. Durin...

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