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[Photo] S. Korea’s consumer sentiment plunges to lowest level in 11 years As the novel coronavirus pandemic continues to wreck the global economy, South Korea’s consumer sentiment has hit its lowest level in 11 years. According to the Bank of Korea (BOK), Composite Consumer Fri, 27 Mar 2020 17:12:35 GMT
[Photo] Bank of Korea to provide “unlimited liquidity” to financial institutions As financial institutions continue to struggle amid the novel coronavirus pandemic, the Bank of Korea (BOK) has announced that it will provide “unlimited liquidity” to financial firms over the next th Fri, 27 Mar 2020 17:11:23 GMT
As world moves away from coal, S. Korea moves in the opposite direction With average global operation rates for coal-fired power plants hitting a historic low last year, a report argues that South Korea’s central government and businesses have been bucking this trend of s Fri, 27 Mar 2020 16:21:35 GMT
[Photo] S. Korean automakers suspend overseas production as coronavirus pandemic continues As the novel coronavirus pandemic continues to wreak havoc on the global economy, South Korean car manufacturers continue to suspend operations throughout their overseas factories, including those in Thu, 26 Mar 2020 17:23:01 GMT
[Photo] Samsung says it’s been helping mask companies with production processes The Samsung Group has announced that it has been providing technical and production support to companies making protective masks to alleviate the national shortage. Samsung said that it has been sendi Wed, 25 Mar 2020 17:31:17 GMT
[Photo] Asiana Airlines to put 50% of staff on unpaid leave for 15 days As the global novel coronavirus pandemic continues to wreak havoc on the global travel industry, Asiana Airlines has announced that it will cut the number of its working employees in half in April, ro Wed, 25 Mar 2020 17:29:47 GMT
S. Korean conglomerates adjust investment plans and management strategy in face of coronavirus setbacks “The travel and tourism industries are facing a challenge to their very survival.”Lee Boo-jin, CEO of Hotel Shilla and the oldest daughter of Samsung Lee family, referred to “survival” in remarks at a Tue, 24 Mar 2020 18:00:42 GMT
[Photo] S&P forecasts negative growth for S. Korean economy in 2020 Global credit-rating agency Standard &amp; Poor’s (S&amp;P) has forecasted negative growth for the South Korean economy in 2020. The prediction is based on economic factors resulting from the novel co Tue, 24 Mar 2020 17:20:22 GMT
[Photo] Hyundai, LG, Samsung shut down factories in India South Korea’s major production sectors, such as smartphones, TVs, and automobiles, are taking a major hit as the novel coronavirus pandemic wreaks havoc on the global economy. As the country of India Tue, 24 Mar 2020 17:18:38 GMT
[Photo] Eastar Jet to suspend all domestic flights, becoming first S. Korean airline to completely shut down As the global travel industry continues to suffer amid the novel coronavirus pandemic, the South Korean budget airline Eastar Jet has suspended all flights, both overseas and domestic, becoming the fi Mon, 23 Mar 2020 17:37:42 GMT
[Photo] Hyundai, Kia suspend production in US and Europe amid coronavirus pandemic Hyundai Motor and Kia Motors have suspended operations at all its factories in the US due to the country’s coronavirus lockdown. Factories in Europe will also shut down for two weeks as more countries Fri, 20 Mar 2020 16:43:52 GMT
BOK, US Fed abruptly agree to currency swap On the evening of Mar. 19, the Bank of Korea (BOK) and the US Federal Reserve abruptly agreed to a currency swap. Negotiations between the two sides appear to have been sped up by a spike in the won/d Fri, 20 Mar 2020 16:30:43 GMT
Coronavirus panic in financial market leads to mad scramble to hoard US dollars The reason the South Korean financial market has reached a state of panic is because of difficulties acquiring the US dollar due to fears in the international short-term capital market. It’s succumbin Fri, 20 Mar 2020 16:26:42 GMT
Korean won falls sharply against US dollar as coronavirus panic sweeps the global financial market As intense fear sweeps the global financial market, investors are dumping stocks, bonds, and nearly all financial assets as they fight to get into ultra-safe assets such as cash, especially the US dol Fri, 20 Mar 2020 16:22:38 GMT
Naver to publicize comment history of all users who post comments on news articles As of Mar. 19, the comment history of everyone who comments on Naver news articles will be made public. “The goal is to cut down on trolls and attempts to abuse the commenting service and to restore i Thu, 19 Mar 2020 16:10:57 GMT

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