Gov't accelerates budget spending to spur economy

The government plans to spend nearly 60 percent of this year's budget in the first half in a bid to put the fizz back into the slowing economy, the finance ministry said Tuesday.The plan comes amid escalating concern that Asia's f...

Saudi Aramco to hold board meeting in Seoul this week

Saudi Arabian Oil Company, the world's largest crude oil exporter, will hold its board meeting in Seoul later this week, its local unit said Tuesday, with top Saudi Arabian government officials and business leaders to attend the a...

BOK expects Fed's rate hike impact to be 'endurable'

South Korea's financial market could withstand a possible U.S. interest rate hike, the central bank said Tuesday, brushing off concerns that the move could trigger a massive outflow of foreign capital.Market watchers expect the U....

S. Korea-Japan trade sinks 14 pct in Q1: report

Trade between South Korea and Japan fell nearly 14 percent on-year in the first quarter of the year as the relatively strong won reduced demand for South Korean goods in the neighboring country, a report showed on Tuesday. The bil...