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,...
Japanese tourists return to Korea
Japanese tourists are coming back to Korea, as tensions on the Korean Peninsula alleviate. The photo shows Japanese tourists waiting in a line to...
Consumer sentiment rises amid improved South-North relations
A traditional market in Seoul is crowded with hungry diners. (Korea.net DB)
By Lee Yoonseo and Kim Young Shin
The Consumer Composite Sentiment Index (CCSI) rebounded in May after...
Korea, Mercosur begin trade negotiations
Authorities from Korea and South America pose for a photo during trade negotiations. From left are Uruguayan Foreign Minister Rodolfo Nin Novoa, Paraguayan Foreign...
First-ever Korean expo held in Moscow
Visitors look at the goods on display at the 2018 Korea Brand & Entertainment Expo, in Moscow on May 14.
By Park Hye Ri and Yoon Sojung
Photos =...
Korea files WTO complaint over US tariffs
Korea filed a complaint with the World Trade Organization (WTO) over the U.S.'s safeguard tariffs on washing machines and solar energy products, the trade...
IMF predicts 3 percent growth for Korea
The IMF forecasts on April 17 that Korea’s GDP growth rate for 2018 and 2019 will be 3.0 and 2.9 percent, respectively. (Korea.net DB)
By Park...
Korea invests USD 2.2 billion in overseas aid in 2017
A volunteer for the Korea International Cooperation Agency (KOICA) teaches elementary students about sanitation and hygiene, in Cambodia in December 2017. (KOICA)
By Kim Eun-young and Sohn JiAe
Official...
Korea helps Vietnam develop call centers
Yang Gwon Mo, a general manager from the Gwangju Call Center, and a representative from the Vietnamese Social Security (VSS) bureau gather during a...
Korea to head WTO Safeguard Committee
The World Trade Organization (WTO) appointed Kwon Hyouk-woo, the head of the Permanent Mission of the Republic of Korea in Geneva, as the chairperson...
Korea signs FTA with 5 Central American countries
Trade Minister Kim Hyun-chong (third from left) joins hands with ministers from five Central American countries at the Korea-Central America Free Trade Agreements (FTA)...
Korea, Vietnam trade continues to grow, expand
As President Moon Jae-in visits Vietnam, the Minister of Trade, Industry and Energy Paik Ungyu (right) and Vietnam’s Minister of Industry and Trade Tran...
Korea, Switzerland agree on KRW 11 trillion currency swap
Swiss National Bank Chairman Thomas Jordan (left) and Bank of Korea Governor Lee Juyeol shake hands after signing a bilateral currency swap agreement, in...
Korea signs FTA with 5 Central American countries
Trade Minister Kim Hyun-chong (third from left) joins hands with ministers from five Central American countries at the Korea-Central America Free Trade Agreements (FTA)...
Korea, Switzerland agree on KRW 11 trillion currency swap
Swiss National Bank Chairman Thomas Jordan (left) and Bank of Korea Governor Lee Juyeol shake hands after signing a bilateral currency swap agreement, in...
Korea, Uzbekistan agree to expand economic cooperation
Uzbekistani President Shavkat Mirziyoyev (left) meets with Deputy Prime Minister and Minister of Strategy and Finance Kim Dong Yeon at the presidential palace in...
