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    BLACKPINK Jennie's 'Solo' music video hits record high 900 mil. YouTube views

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    Japanese students' field trips to Korea resume after pandemic hiatus

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    Lotte desperate to win LVMH Chairman Arnault's heart

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    President Yoon refutes criticism of fence-mending summit with Japan

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    Apple Pay service starts in Korea

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    US report voices concerns over S. Korea's press freedom

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    Revenge rises as key theme in K-dramas

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    Korean firms balk at donating to fund compensating victims of Japan's forced labor

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    Osstem Implant to invite 1,500 dentists from 22 countries for training

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    VIDEOMiracle rescue of 200 dogs caged for dog meat

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    Lee Se-young to lead MBC's new series 'The Story of Park's Marriage Contract'

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    INTERVIEW'The Flag': Kwon Jin-ah's love letter to people chasing their dreams

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Thu, March 23, 2023 | 11:08
Government revises foreign exchange transaction rules created decades ago
Government revises foreign exchange transaction rules created decades ago
Korea's financial authorities decided Friday to deregulate a package of foreign exchange rules set up shortly after the 1997 Asian financial crisis, with a focus on easing transaction inconveniences that members of the public and companies have been complaining about, the Ministry of Economy and Finance said. Under the decision, a Korean citizen can remit up to $100,000 a yea...
Lee Min-hyung | 2023-02-10 16:50
Taming inflation still in focus for Korea: finance minister
Taming inflation still in focus for Korea: finance minister
Korea's top economic policymaker said Friday taming inflation is still a priority for Korea, although the pace of inflation is expected to gradually slow this year.
2023-02-10 14:07
Korea's total revenue up $39.3 bil. in 2022
Korea's total revenue up $39.3 bil. in 2022
Korea's total revenue, including tax gains, advanced 49.8 trillion won ($39.3 billion) in 2022 from a year earlier, the government data showed Friday, on the back of improved corporate earnings and higher incomes.
2023-02-10 10:15
KDI maintains 2023 growth outlook at 1.8%; U.S. rate hikes still present risk
KDI maintains 2023 growth outlook at 1.8%; U.S. rate hikes still present risk
The Korea Development Institute (KDI) on Thursday maintained Korea's growth outlook for this year at 1.8 percent, but said it will depend on the scope of U.S. rate hikes and China's economic growth.
2023-02-09 14:32
Korea's solar power industry exports up 38% in 2022
Korea's solar power industry exports up 38% in 2022
Korea's exports of solar panels and other related parts jumped 38 percent on-year in 2022 on the back of major nations' push to expand renewable energy development, the industry ministry said Thursday.
2023-02-09 13:29
Pension reform in stalemate due to gov't-parliament discrepancy
Pension reform in stalemate due to gov't-parliament discrepancy
The government and the National Assembly are at odds over what measures should be prioritized in the overhaul of the state-managed retirement pension system to prevent pension funds from being depleted in the decades to come. Operated by the National Pension Service (NPS), the pension is receivable by the majority of retirees who paid premiums to the service during their work...
Yi Whan-woo | 2023-02-09 13:27
Manufacturers' domestic supply extends gains to 8th quarter in Q4
Manufacturers' domestic supply extends gains to 8th quarter in Q4
Korean manufacturers' domestic supply rose for the eight straight quarter in the October-December period on the back of imports of cars and electronics, data showed Wednesday.
2023-02-08 14:48
Korea's current account turns to black in Dec. but sharply smaller than prior year
Korea's current account turns to black in Dec. but sharply smaller than prior year
Korea's current account swung back to the black in December from the previous month, but the amount was quite smaller than a year before as exports dwindled amid growing global recession woes, central bank data showed Wednesday.
2023-02-08 10:14
[INTERVIEW] 'Growth slowdown can accelerate depletion of retirement pension fund'
INTERVIEW'Growth slowdown can accelerate depletion of retirement pension fund'
A slowdown in economic growth is feared to result in a drop in personal incomes, and accordingly, can accelerate the depletion of state-run retirement pensions in the face of low birth rates and an aging population, a pension expert warned. During a recent interview with The Korea Times, Seoul National University economics professor Hong Sok-chul said the serious nature of a ...
Yi Whan-woo | 2023-02-08 08:43
Korea to allow currency trading by offshore firms, extend market hours
Korea to allow currency trading by offshore firms, extend market hours
Korea plans to allow offshore financial companies to directly trade Korean won and foreign currencies here in a bid to attract international investments and expand the foreign exchange market, financial authorities announced on Tuesday. To cover the trading hours of the U.S. and European markets, Korea, Asia's fourth-largest economy, also plans to run foreign exchange trading...
Yi Whan-woo | 2023-02-07 16:54
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Top 10 Stories
1Korean firms balk at donating to fund compensating victims of Japan's forced laborKorean firms balk at donating to fund compensating victims of Japan's forced labor
2Sexual assaults by Korean diplomats continue despite zero-tolerance policy Sexual assaults by Korean diplomats continue despite zero-tolerance policy
3Consumers choose to travel abroad over purchasing luxury goods Consumers choose to travel abroad over purchasing luxury goods
4Main opposition leader indicted, faces calls to resign Main opposition leader indicted, faces calls to resign
5World water day World water day
6Outback Steakhouse sees sales soar as it opens stores in large shopping malls Outback Steakhouse sees sales soar as it opens stores in large shopping malls
7Samsung, SK avoid worst-case scenario as US 'guardrails' are less stringent than feared Samsung, SK avoid worst-case scenario as US 'guardrails' are less stringent than feared
8Korean pension fund hit by overseas banking crisis Korean pension fund hit by overseas banking crisis
9[INTERVIEW] Retired FSC chief finds inspiration exploring Koreans' ancestral roots INTERVIEWRetired FSC chief finds inspiration exploring Koreans' ancestral roots
10Campaign launched to promote equal treatment for multicultural families Campaign launched to promote equal treatment for multicultural families
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