KB News DeskConsumer sentiment at over 2-year high in July amid robust exports, rate cut hopes
Korea’s consumer sentiment improved to the highest in more than two years in July amid an extended recovery in exports and hopes for monetary easing, a central bank poll showed…
Trumpflation concerns grip Korea
Korea’s highly open financial market and economy could experience heightened volatility, amplified by the potential reclaimed victory of former U.S. President Donald Trump in the November election, market watchers said Monday.…
Will Korea revise inheritance taxes?
The ruling People Power Party (PPP) is pushing for an inheritance tax revision whereby the rate and taxable amount are set on gains from trading inherited assets, instead of their value…
Tax revisions on property, stock income, crypto take center stage at Assembly
The revision of much-disputed taxes on stock trading income and property are expected to take an extended political turn, as indicated by grandstanding efforts of ruling and opposition party leaders…
Free child-friendly water attractions offer escape from city heat
The Seoul Metropolitan Government and other local governments have opened free water attractions for youngsters to beat the summer heat without traveling far from home. Jungnang-gu, a district in eastern…
Korea’s chip exports reach all-time high in June
South Korea’s semiconductor exports soared to a record high in June, backed by strong global demand, data from the Trade Ministry showed Monday, helping the country’s exports to continue their…
Business arrears of self-employed hits all-time high in Q1: report
The amount of overdue business loans taken by self-employed business owners in South Korea surpassed 10 trillion won ($7.2 billion) for the first time ever in the first quarter of…
Samsung Electronics union in South Korea declares strike
A workers’ union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning…
Inflation slows to 11-month low of 2.4% in June
South Korea’s consumer prices slowed to an 11-month low in June, though prices of fresh food items and petroleum products remained high, data showed Tuesday. Consumer prices, a key gauge…
Hana Bank’s extended forex trading kicks off on smooth run
Hana Bank’s foreign exchange trading room in Seoul, the largest in South Korea, completed its first extended trading session on Tuesday. Starting Monday, Korea extended its foreign currency trading hours,…
