Category: Business

Biden in Japan for Economic Talks, New US-Asia Trade Deal

U.S. President Joe Biden has arrived in Japan on the second leg of his first trip to Asia as president.Biden will have a busy two days. On Monday, he is set to meet with Prime Minister Fumio Kishida and Emperor Naruhito, as well as promote a U.S.-led, …

Yoon, Biden hold first summit on N. Korea, economy

President Yoon Suk-yeol and U.S. President Joe Biden held their first summit in Seoul on Saturday on a range of issues expected to include North Korea’s nuclear program and supply chain risks.Biden arrived at the new presidential office in Seoul’s cent…

S. Korea eyes swift implementation of extra budget

SEJONG– South Korea said Friday it is preparing to provide compensation to merchants hit by the COVID-19 pandemic within three days after the National Assembly approves the latest extra budget bill.The parliament is reviewing the government’s proposed…

Seoul stocks up late Fri. morning on institutional buying

SEOUL– South Korean shares traded higher late Friday morning, buoyed by strong institutional buying, despite overnight falls on Wall Street.The benchmark Korea Composite Stock Price Index (KOSPI) had added 39.7 points, or 1.53 percent, to trade at 2,6…

S. Korea’s tax revenue up 10.4 tln won in March

SEOUL– South Korea’s tax revenue increased 10.4 trillion won (US$8.16 billion) in March from a year earlier, as the collection of corporate and value-added taxes rose amid the economic recovery, the finance ministry said Thursday.The government collec…