South Korea's finance minister met with an opposition party politician Monday and asked for cooperation in the parliamentary review of an extra budget bill meant to create jobs. Finance Minister Kim Dong-yeon made the appeal to Lee Yong-ho, the chief policymaker of the People's Party, as he expressed hope that the extra budget could prime the pump to boost South Korea's economy. Kim is also set...

Hyundai Motor Co.'s first subcompact sport utility vehicle will hit the roads in South Korea on Tuesday, a move to boost its lackluster sales. To offset slowing sales in China and the US, Hyundai is moving to diversify its SUV lineup by launching a variety of models, including a high-performance one, from the smallest A segment to the largest E segment. In the January-May period, Hyundai sold 1...

South Korean business leaders will fly to Washington a day ahead of President Moon Jae-in's departure for US to meet with President Donald Trump, as they get ready to hold talks on economic issues with their American counterparts, industry sources said Monday. More than 50 South Korean business leaders are to accompany Moon on his trip and attend the Korea-US Business Summit in the US capital. T...

South Korea's corporate watchdog on Monday slapped a combined 2 billion won (US$1.76 million) in fines on four Japanese and German auto parts makers for allegedly fixing prices that distorted market competition. Japan's NSK Ltd., one of the world's biggest car bearing manufacturers, and JTEKT Corp., a Japanese bearing maker, had allegedly conspired to fix the prices of bearings supplied to South...

The housing market in Seoul and its adjacent areas are in an expansion phase, South Korea's central bank said Monday, a move that has prompted the government to crack down on speculative real estate investments. The Bank of Korea (BOK) said in a report that the housing prices in Seoul and its adjacent areas rose 0.5 percent in the first five months of this year from end-Dec., compared with a 0.3...

Korean shares traded higher late Monday morning, led by gains in big-cap stocks, such as Samsung Electronics and SK hynix. The benchmark Korea Composite Stock Price Index (KOSPI) rose 8.79 points, or 0.37 percent, to 2,387.39 as of 11:20 a.m. The index hit a new intra-day record high of 2,388.19 points at one point. Most large caps traded in positive territory with market kingpin Samsung Electr...

Global equity funds posted a net inflow into South Korea for the 24th straight week over the past week amid their preference for emerging markets insulated from falling oil prices, industry data showed Monday. Four international funds investing in South Korea allocated a combined US$250 million for the local stock market in the week to Wednesday, marking the 24th consecutive week of net inflow, ...

Chiefs of South Korea's five major banks on Monday predicted the recovery of the country's economy to continue in the second half amid an uptrend in market interest rates. The heads of KB Kookmin, Shinhan, Woori, KEB Hana and NH Nonghyup hinted they will tighten credit in the latter half to brace for a situation where rising market rates may lead to an increase in soured loans extended to troubl...

Cargo processed at Korean seaports edged down last month from a year earlier due to a drop in non-container shipments, government data showed Monday. Cargo handled at the country's ports came to 128.77 million tons in May, down 0.5 percent from 129.62 million tons tallied a year earlier, according to the data by the Ministry of Oceans and Fisheries. Non-container cargo fell 3.3 percent on-year ...

The earnings outlook for Korean oil refiners and chemicals firms has been downgraded out of concerns that oil prices may leave a stain on their earnings, industry data showed Monday. Oil prices in New York have been sliding for weeks, hovering at the mid-US$40 level per barrel, which represents the lowest level in almost one year. According to the data compiled by industry tracker FnGuide, the ...

Imports of foreign beef have risen in the first five months of this year as consumers seek less expensive meat amid the sluggish pace of economic recovery and the anti-graft law which limits gifts that can be given to public officials, teachers and journalists. The law, which took effect in September, bans certain people from getting free meals over 30,000 won (US$26.4), gifts worth more than 50...

Shim Eun-ha, a Korean actress who enjoyed popularity in the 1990s, was reportedly taken to a hospital, local media reported Wednesday. The cause of her hospitalization Tuesday is reportedly linked to having taken too many sleeping pills, but details remain sketchy. “It is true that Shim is hospitalized,” a hospital official said. “But the specific reason cannot be disclosed, since it is persona...

진행자: 원호정, Paul Kerry 1. 문재인 대통령, 김상조 공정거래위원장 임명 문재인 대통령은 야당의 반대를 무릅쓰고 김상조 공정거래위원장 후보자 임명을 강행했다. 더 이상 새 정부 출발을 지체할 수 없다는 입장이지만, 야권에서는 강력하게 반발하고 있다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638 Moon appoints FTC chief, nominates 4 ministers [1] President Moon Jae-in on Tuesday appointed Kim Sang-jo as...

WASHINGTON -- The US successfully carried out its first-ever test to shoot down an oncoming intercontinental ballistic missile, the Pentagon said, as it steps up efforts to defend better against growing missile threats from North Korea. "The US Missile Defense Agency successfully intercepted an intercontinental ballistic missile target during a test of the Ground-based Midcourse Defense element ...

North Korean leader Kim Jong-un has approved the deployment of a new intermediate-range ballistic missile for combat use as the country succeeded in test-firing it, Pyongyang's state media said Monday. North Korea's leader observed the launch of the ground-to-ground Pukguksong-2 missile, expressing satisfaction with its accuracy in hitting targets, according to the Korean Central News Agency. T...