KB News DeskGov’t to enhance price monitoring, boost reserves of key resources
The government will strengthen the monitoring of the prices of major agricultural products and devise measures to boost state reserves of oil, gas and other crucial resources in an effort…
S. Korea reports biggest current account surplus in about 7 years in June: BOK
South Korea posted its largest current account surplus in about seven years in June, driven by robust exports led by semiconductors, central bank data showed Wednesday. The country’s current account…
Celltrion Q2 net profit drops 48%
Celltrion Inc., a South Korean biopharmaceutical company, said Wednesday its second-quarter net profit plunged 48 percent from a year earlier due to costs following a merger with its sales and…
Korean shares tank as global rout continues
South Korean shares dived more than 8 percent on Monday, triggering the stock exchange to temporarily halt the main Kospi and secondary Kosdaq markets, as investors were gripped by fear…
FSC chief vows to curb household debts, stabilize financial market
The head of South Korea’s financial regulator said Monday that he will redouble efforts to reduce high household debts via the implementation of tighter curbs. Kim Byoung-hwan, the chief of…
Dovish Fed advances BOK cut prospects for October
Expectations for the Bank of Korea (BOK) to lower its key rate in October are growing, reaffirmed by the dovish stance of the U.S. Federal Reserve on September easing, market…
Young Koreans say ‘No’ to YOLO, ‘Yes’ to YONO
Choi Ye-bin, a 27-year-old event director, has been keeping a household ledger for four years. She started the habit as she felt a gap between the perceived and actual amount…
New financial regulator aims to forge strong ties with financial watchdog
Young finance chiefs’ collaboration raises both concerns and expectations By Jun Ji-hye Kim Byoung-hwan was officially appointed by President Yoon Suk Yeol as the chief of the Financial Services Commission…
Dairy farmers, firms agree to freeze milk price amid inflation
Korea’s agricultural ministry said Tuesday dairy farmers and businesses have reached an agreement to freeze the price of raw milk to alleviate the public burden amid ongoing inflation. The agreement…
Israel cabinet authorizes government to respond to Hezbollah rocket strike
Israel’s security cabinet on Sunday authorized Prime Minister Benjamin Netanyahu’s government to decide on the “manner and timing” of a response to a rocket strike in the Israeli-occupied Golan Heights…