News
Korea's medium-term debt outlook shows improvement, says IMF report
6+ hour, 51+ min ago (121+ words) The International Monetary Fund logo is seen outside the headquarters building in Washington in 2018. [REUTERS/YONHAP] Surge in renovation and housing costs dissuades people from moving Korea's medium-term debt outlook shows improvement, says IMF report Wealth concentration at top intensifying…...
Kospi opens higher on hopes for second round of U. S. -Iran peace talks
11+ hour, 39+ min ago (190+ words) A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on April 16. [YONHAP] Kospi opens higher on hopes for second round of U. S. -Iran peace talks Foreigners sell record amount of Korean stocks in March Global investment…...
Import prices surge, signaling long inflation battle
21+ hour, 39+ min ago (106+ words) Shin Hyun-song, nominee for Bank of Korea governor, answers lawmakers" questions during a confirmation hearing at the National Assembly"s Strategy and Finance Committee in Yeouido, Yeongdeungpo District, western Seoul on April 15. [YONHAP] Targeted support for universities hinges on performance…...
'Meatflation' concerns rise as prices jump 30% in March
1+ day, 4+ hour ago (121+ words) A customer looks at meat in a supermarket in Seoul on April 12. [NEWS1] Pork is displayed at a supermarket in Seoul on April 9. [NEWS1] Will Samsung become more profitable than Nvidia? Boston Dynamics" robot dog trained on Gemini, learns to walk a…...
Kospi returns to near prewar levels as investors adapt to 'TACO trade"
1+ day, 3+ hour ago (140+ words) Stock prices for SK hynix and Samsung Electronics are displayed on an electronic board in the dealing room of Hana Bank's headquarters in Jung District, central Seoul, on April 15. [YONHAP] Surging import costs put businesses, consumers in almost unprecedented inflation…...
Blue House tackles 'most urgent task' by securing 273 million barrels of crude oil, 2. 1 millions ton of naphtha
1+ day, 3+ hour ago (255+ words) Kang Hoon-sik, the presidential chief of staff, center, takes questions from reporters during a press briefing on the outcome of his four-country trip as a special envoy to Kazakhstan, Oman, Saudi Arabia and Qatar at the Blue House in central…...
Surging import costs put businesses, consumers in almost unprecedented inflation squeeze
1+ day, 2+ hour ago (116+ words) A man loads up his vehicle with fuel at a gas station in Seoul on April 15. [YONHAP] Surging import costs put businesses, consumers in almost unprecedented inflation squeeze Kospi returns to near prewar levels as investors adapt to 'TACO trade…...
IMF maintains Korea's growth outlook despite Iran war, rising inflation risks
1+ day, 7+ hour ago (157+ words) The logo of the International Monetary Fund (IMF) is displayed in its headquarters in Washington on Nov. 24, 2024. [REUTERS/YONHAP] Bundles of U. S. dollars and Korean won are piled up in at Hana Bank in central Seoul in April. [YONHAP] U. S. and Iranian…...
Inflation builds momentum as Middle East conflict drives up gas and goods prices
5+ day, 6+ hour ago (242+ words) People shop at a local super market in Seoul on April 10. [NEWS1] Eggs are displayed in a supermarket in Seoul on April 9. The government said it will import 3. 59 million eggs and monitor farm-gate prices after establishing a price verification committee in…...
BOK holds benchmark rate at 2. 5 percent in first monetary meeting since Iran war
6+ day, 9+ hour ago (141+ words) Bank of Korea Governor Rhee Chang-yong strikes the gavel during a Monetary Policy Board meeting at the central bank's headquarters in central Seoul on Jan. 15. [NEWS1] Kospi jumps 1. 4% on optimism over upcoming U. S. -Iran talks Is betting on people's lives going too…...