Friday, August 17, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.S. Korea's unemployment rate rises in July, job increase lowest in over 8 yrsSouth Korea's
More than half of South Korean farmers believe their country's agricultural industry will improve if economic cooperation with North Korea becomes active, a recent survey said Friday.The Korea Rural Economic Institute (KREI) polled 1,379 farmers on their views of cross-border economic tie-ups an
South Gyeongsang Province Gov. Kim Kyoung-soo is set to be arraigned by a court Friday over his arrest warrant in a probe into a suspected massive opinion rigging by a political blogger.The Seoul Central District Court will review the special prosecution's request for his writ in a hearing slate
South Korea's unemployment rate rose slightly in July due to fewer positions in the health care, education academy and manufacturing sectors, with the number of new jobs created hitting the lowest in over eight years, government data showed Friday.The unemployment rate stood at 3.7 percent last
Thursday, August 16, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.U.S. sanctions China, Russia firms over N.K. illicit shipmentsThe United States on Wednesday san
South Korean banks reported a 4 percent rise in their combined net profit for the first half of this year, thanks to a solid rise in interest income, data showed Thursday.The combined net profit at banks stood at 8.4 trillion won (US$7.4 billion) for the January-June period, compared with profits of
South Korea's chief economic policymaker said Thursday that the government will sharply raise next year's budget spending to strengthen its fiscal role in supporting growth and tackling a spate of chronic problems, such as widening income inequality.At a public finance forum, Finance Ministe
The United States on Wednesday sanctioned Chinese and Russian firms for their alleged role in helping illicit trade with North Korea in violation of international sanctions.The Department of the Treasury announced the designations of a Chinese business, its Singapore-based affiliate, a Russian firm
By Publisher Lee Kyung-sik with Reporter Sua KimThe volume of trade between Korea and Côte d’Ivoire nearly doubled from US$120 million in 2012 at the beginning of the tour of duty of Ambassador Sylvestre Kouassi Bile in Seoul to US$230 million in 2015.Speaking at a recent interview with The Ko
South Korea on Tuesday issued an order to suspend the operation of all BMW vehicles that have yet to receive safety inspections amid dozens of the German cars catching fire.Last month, BMW said it will start recalling 106,317 vehicles next Monday after making emergency safety checks on all models wi
South Korea's chief economic policymaker said Tuesday that next year's budget spending will be focused on creating jobs, resolving income inequality and boosting innovative growth.During an advisory meeting on fiscal policy, Finance Minister Kim Dong-yeon said Asia's fourth-largest econo
North Korea and the United States held their latest working-level talks at the truce village of Panmunjom over the weekend, a diplomatic source said Tuesday, amid news reports that U.S. Secretary of State Mike Pompeo will visit the North again.U.S. President Donald Trump and North Korean leader Kim
Tuesday, August 14, 2018 Discloses Ambassador Kouassi Bile of Cote d’Ivoire in Seoul at recent interviewBilateral trade nearly doubles in 3 years since arrival of Cote d’Ivoire envoyThe volume of trade between Korea and Côte d’Ivoire nearly doubled from US$120 million in 2012 at the be
Samsung Electronics Co. stood in fifth place in terms of the average selling price of smartphones in the second quarter, data showed Tuesday, moving three notches down from a year earlier.According to the data compiled by the industry tracker Counterpoint Research, Samsung Electronics saw its averag
South Korea's import prices index hit a near four-year high last month due mainly to a weaker local currency, central bank data showed Tuesday.In Korean won terms, the import price index gained 1.7 percent to 89.81 in July from a month earlier, according to preliminary data from the Bank of Kore
This year's third summit between the rival Koreas will present new challenges to South Korean President Moon Jae-in as he seeks to break an apparent stalemate in nuclear negotiations between North Korea and the United States, analysts here said Monday. Moon and North Korean leader Kim Jo
Monday, August 13, 2018Round-up of important news from major Korean, international dailies, other news sources today:The Korea Post media (www.koreapost.com) in English, (www.koreapost.co.kr) in Korean.Koreas set to hold high-level talks to discuss leaders' summitSouth and North Korea are set to
By Publisher Lee Kyung-sik with Reporters Sua Kim, Hillary KangPresident Moon Jae-in reportedly offered to newly accredited American Ambassador Harry Harris, “I hear that Mister Ambassador likes Andong Soju (traditional Korean liquor popular among Korean sprit lovers), and it might be a good idea th
The Organization for Economic Cooperation and Development (OECD) raised warnings that South Korea's economy is facing some serious challenges going forward, an analysis of data showed Sunday.The alarm comes as the organization representing developed market economies with high income adjusted dow
South and North Korea are set to hold high-level talks Monday to discuss holding a summit meeting between their leaders aimed at deepening inter-Korean relations.The meeting will be held at the northern side of Panmunjom that separates the two Koreas at about 10 a.m., according to the unification mi