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Mon, December 11, 2023 | 12:30

Korea considers increasing oil stockpiling over Israel-Hamas clash: industry minister

Korea considers increasing oil stockpiling over Israel-Hamas clash: industry minister

Industry Minister Bang Moon-kyu said Tuesday that Korea has secured an eight-month stockpile of crude oil and is considering expanding the amount on concerns about supply disruptions amid the conflict between Israel and Palestinian militant group Hamas.

2023-10-10 16:57

Seoul braces for greater market volatility amid Israel-Hamas war

Seoul braces for greater market volatility amid Israel-Hamas war

The Korean government has made the necessary preparations to respond to any potential impacts caused by the ongoing military clashes between Israel and Hamas.

2023-10-10 15:50

Finance minister warns of greater market volatility over Israel-Hamas fighting, vows contingency plans

Finance minister warns of greater market volatility over Israel-Hamas fighting, vows contingency plans

Finance Minister Choo Kyung-ho said Tuesday that the conflict between Israel and Palestinian militant group Hamas has raised market uncertainties and is expected to cause greater volatility in oil prices, calling for thorough monitoring and economic contingency plans.

2023-10-10 14:07

Yoon instructs gov't to thoroughly prepare safety measures for Koreans in Israel

Israel's Netanyahu says offensive against Hamas will 'reverberate' for generations

Samsung, LG, Hyundai closely monitoring potential biz fallout from Israel-Hamas conflict

Israel strikes and seals off Gaza after incursion by Hamas, which vows to execute hostages

Market cap of virtual assets up 46% in H1: data

Market cap of virtual assets up 46% in H1: data

The value of Korea's virtual asset market grew 46 percent in the first half from six months earlier on higher prices of cryptocurrencies and improved investor sentiment, data showed Monday.

2023-10-09 13:26

Dwindling forex reserves raises concerns amid prospect of prolonged high US interest rate

Dwindling forex reserves raises concerns amid prospect of prolonged high US interest rate

Korea's foreign exchange reserves have dropped for the second consecutive month, as a consequence of the unstable won-dollar exchange rate because of the increased probability of prolonged high-interest-rate policies by the U.S.

2023-10-06 16:27

Korea lags far behind China in new global orders in September

Korea lags far behind China in new global orders in September

Korean shipbuilders stayed far behind their Chinese rivals in new global orders in September amid plunging demand, industry data showed Friday.

2023-10-06 10:46

Triple whammy weighs heavily on Korean economy

Triple whammy weighs heavily on Korean economy

The Korean economy is expected to undergo a highly uneven recovery as a toxic cocktail of rising inflation, high interest rates and a weakening Korean won are set to hamper growth in the second half of this year, according to analysts, Thursday.

2023-10-05 16:57

Industry minister meets KITA chairman

Industry minister meets KITA chairman

Minister of Trade, Industry and Energy Bang Moon-kyu, left, shakes hands with Korea International Trade Association Chairman Koo Ja-yeol at the association's headquarters in Seoul, Thursday. The two agreed that the government and member companies under the association should cooperate as "One Team Korea" to boost the country's exports. Courtesy of Minister of Trade, Industry ...

2023-10-05 16:19

Online shopping rises 6.1% on travel demand

Online shopping rises 6.1% on travel demand

Online shopping in Korea moved up 6.1 percent on-year in August from a year earlier, data showed Thursday, on the back of stronger demand for travel services.

2023-10-05 14:32

Korea goes all-out to support EV, battery sectors for export growth

Korea goes all-out to support EV, battery sectors for export growth

Korea will extend support for electric vehicles (EVs), secondary batteries and other major industry fields in an effort to boost exports amid signs of a turnaround after a yearlong downturn, the industry ministry said Thursday.

2023-10-05 11:54

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