KEPCO units plan to slash investment in renewable energy
SEOUL-- Six affiliates of the state-run Korea Electric Power Corp. (KEPCO) plan to cut their investment in renewable energy over the next five years as they are under pressure to…
Business
New fund for pandemic prevention, preparedness and response formally established
Designed to reflect inclusive and effective governance and operating arrangements with high standards of transparency and accountability; hosted by the World Bank with technical leadership from WHOThe new financial intermediary…
Banks’ household loans up in Aug. amid increased home-backed lending
SEOUL-- Household loans extended by banks in South Korea rebounded in August from the previous month's dip due in part to increased home-backed borrowing, central bank data showed Thursday.Banks' outstanding…
Gyeonggi to hold forum on inter-Korean peace, DMZ ecosystem
EUIJEONGBU, South Korea-- Gyeonggi Province, which surrounds Seoul, said Friday it will hold a forum next week to discuss ways to promote inter-Korean peace and cooperation, and preserve the ecosystem…
Monetary policy should focus on anchoring inflation expectations at stable point: BOK report
SEOUL-- South Korea's monetary policy needs to focus on anchoring inflation expectations at a stable point in a bid to preemptively prevent unstable sentiment among economic players from causing already…
Seoul shares trim earlier gains amid recession woes
SEOUL-- Seoul stocks trimmed earlier gains late Thursday morning on continued foreign selling amid concerns over the Federal Reserve's aggressive rate hikes to tackle inflation and a possible global recession.The…