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Green Climate Fund to inject $256.6m in climate change projects

[THE INVESTOR] The UN-operated Green Climate Fund has decided to inject US$ 256.6 million in climate change projects in nine developing countries, the Ministry of Strategy and Finance said July 1. Th...

Updated : 2016.07.01 17:55

[Photo News] Kospi Rebounds

A worker at the Korea Exchange looks at a screen showing the benchmark Korea Composite Stock Price Index that rebounded close to a pre-Brexit level of 1,990 on Friday in Seoul.(Yonhap)

Updated : 2016.07.01 16:10

BOK likely to cut key rate to below 1% in 2016

[THE INVESTOR] Korea’s benchmark interest rate could be slashed to below 1 percent this year due to Britain’s decision to leave the European Union, Nomura Financial Investment said on July 1. Kwon Y...

Updated : 2016.07.01 15:55

Consumer prices almost flat in June

[THE INVESTOR] Korea’s consumer prices increased by less than 1 percent for the second month in a row in June, according to government data on July 1.The country’s consumer price index rose 0.8 perc...

Updated : 2016.07.01 15:54

BOK board approves W10 tln recap fund for corporate restructuring

The decision-making board of South Korea's central bank gave its final approval Friday to the establishment of a 10-trillion-won ($8.7 billion) fund to help finance the government-led restructuring in...

Updated : 2016.07.01 13:58

June's exports shrink 2.7%, the smallest rate of decline in a year

South Korea's exports shrank for the 18th month in a row in June, falling 2.7 percent from a year ago to $45.3 billion, the trade ministry said Friday.But the rate of export decline was the smallest i...

Updated : 2016.07.01 13:50

Seoul stocks open up on relieved post-Brexit sentiment

South Korean shares opened higher Friday, extending a rally into a fifth day on eased investors' anxiety about Britain's vote last week to exit the European Union.  The benchmark Korea Composite Stoc...

Updated : 2016.07.01 13:02

Korea's consumer prices gain 0.8% on-year in June

South Korea's consumer prices grew by less than 1 percent for the second month in a row in June, government data showed Friday, rekindling concerns over deflation amid a flaccid economic recovery.The ...

Updated : 2016.07.01 11:38

U.S.-Korea FTA effective in increasing American exports: U.S. report

The free trade agreement between the United States and South Korea resulted in an increase of $4.8 billion-$5.3 billion in total American exports, the second-largest among a total of 13 free trade dea...

Updated : 2016.07.01 11:30

FSC chairman warns of Brexit’s long-term impact on global market

[THE INVESTOR] Britain’s decision to quit the European Union could have a lasting impact on global markets in the long term, Korea’s top financial regulator said on July 1. Yim Jong-yong, chairman o...

Updated : 2016.07.01 11:05

Korea's current account surplus jumps to 8-month high in May: BOK

South Korea's current account surplus greatly widened from a month earlier in May as its surplus in the primary income account rose, while the deficit in the service narrowed, the central bank said Fr...

Updated : 2016.07.01 10:42

[Graphic News] Single-income households account for 27%

The number of single-income households in Korea increased to 5 million last year, taking a 27.2 percent share of the total, according to data Thursday.Statistics Korea said the data also showed nearly...

Updated : 2016.06.30 18:21

[Monitor] Industrial output swings back to growth

South Korea’s industrial output swung back to growth in May on the back of increased production in chips and petroleum products, a government report showed Thursday. According to Statistics Korea, to...

Updated : 2016.06.30 17:08

Trade promotion agency to support female entrepreneurs in exports

Korea's trade promotion agency said Thursday that it will help female entrepreneurs make inroads into foreign markets.The Korea Trade-Investment Promotion Agency said the project will be launched alon...

Updated : 2016.06.30 16:04

[Photo News] Interest in solar power

President Park Geun-hye and SK Group chairman Chey Tae-won arrive in an eco-friendly energy town in Hongcheon, Gangwon Province, to look at solar power facilities on Thursday.(Yonhap)

Updated : 2016.06.30 15:43