President Moon announces plans for financial innovation
President Moon Jae-in on March 21 chats with bankers at the Seoul headquarters of Industrial Bank of Korea ahead of his announcement on regulatory...
Smart city era draws closer in Korea
President Moon Jae-in on Feb. 13 visited the Busan Exhibition and Convention Center (BEXCO) to see a presentation on the Busan Smart City Innovative...
Bloomberg names Korea ‘most innovative country’ for 6th straight year
Korea on Jan. 22 was announced as the world's most innovative country by the Bloomberg Innovative Index. (Screen capture from Bloomberg website)
By Oh Hyun-woo and Kim Minji
Korea...
PM Lee wraps up visits to Tunisia, Morocco
Prime Minister Lee Nak-yon (left) and Tunisian Prime Minister Youssef Chahed on Dec. 19 hold a meeting in Tunis.
By Park Hye Ri and Kim Young Shin
Photos =...
PM Lee conducts business diplomacy in Algeria
Prime Minister Lee Nak-yon (left) and Algerian Prime Minister Ahmed Ouyahia on Dec. 17 pose for photos in the Algerian capital of Algiers. (Prime...
Major indicators say Korean economy is comparatively fine
The Bank of Korea on Dec. 6 said Korea recorded a trade surplus of USD 9.19 billion in October 2018 according to the balance...
Foreign direct investment in Korea jumps to a record high
Financial authorities attend the opening ceremony of the Invest Korea Week 2018 held at the Grand InterContinental hotel in Gangnam-gu District, Seoul on Nov....
Korea’s economic growth to remain close to 3 percent: OECD
Chief economist Laurence Boone of the Organization for Economic Cooperation and Development (OECD) briefs the press about the organization’s Economic Outlook at the OCED...
Fitch affirms Korea has stable economic outlook
Deputy Prime Minister Kim Dong Yeon (second from left) shakes hands with a delegation from global rating agency Fitch at the Government Complex Seoul...
Korean exports soar backed by new industries
The Ministry of Trade, Industry and Energy and the Korea Customs Service said on Oct 29 that the accumulated amount of Korea’s annual exports...
Korea Electronics Show 2018
We are at the Korea Electronics Show 2018 (KES 2018), an exhibition of products and services provided by small and medium-sized enterprises (SMEs), that...
Korea ranks 15th in global competitiveness: WEF report
According to the World Economic Forum (WEF), Korea ranks 15th in global competitiveness among 140 countries. The photo shows the Sustainability Development Impact Summit...
DPM Kim urges IMF to play active role in helping the opening of N.K.
International Monetary Fund (IMF) Managing Director Christine Lagarde (left) and Deputy Prime Minister Kim Dong Yeon sign a memorandum of understanding (MOU) on Oct....
Korea, Indonesia to cooperate on car industry
Kang Sung-chun, deputy mister for trade at the Ministry of Trade, Industry and Energy, gives a speech during the first Korea-Indonesia Automotive Dialogue, at...
Korea’s GNI per capita jumps 14 spots
The World Bank released data showing the gross domestic product and gross national income per capita in each country in 2017 on Aug. 16....
Gov’t to ease restrictions on fintech
Financial Services Commission Chairman Choi JongKu (left) discusses ways to boost the fintech industry with heads of banks. (Financial Services Commission)
By Kim Eun-young and Kim Young Shin
Financial...
NK economy shrinks as sanctions bite
According to the Bank of Korea’s ‘Growth Estimate of the 2017 North Korean Economy’ released on July 20, North Korea's gross domestic product (GDP)...
BOK freezes rates at 1.5%
The Bank of Korea (BOK) announces its decision to keep Korea's key interest rate at 1.50 percent in its Monetary Policy Board meeting on...
Korea pushes for new energy sources
A Korea Gas Corporation (KGC) employee explains how LNG is transported to representatives from the Ministry of Trade, Industry and Energy, in front of...
Peace to help AIIB achieve its goals: finance ministry
First Vice Minister of Strategy and Finance Ko Hyoung-kwon (left) shakes hands with the president of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun,...
