S. Korea's 5G network faster by 33.91 Mbps in H2

Dec 31, 2020 20:29 pm UTC| Economy

The 5G download speed posted by South Koreas three major mobile carriers -- SK Telecom Co., KT Corp., and LG Uplus Corp. -- stood at 690.47 megabits per second (Mbps) in the second half of the year, up 33.91...

China and EU finalizing investment deal

Dec 31, 2020 20:13 pm UTC| Economy

The EU will get better access to the Chinese market and improve competition conditions after it finalizes a long-awaited business investment deal with China this week. The deal would open up Chinas manufacturing,...

S. Korea's industrial output rises in November, but consumption drops

Dec 30, 2020 23:38 pm UTC| Economy

South Koreas industrial output rose 0.7 percent on-month November due to improving exports, but consumption plunged for the second straight month amid a coronavirus resurgence. However, the industrial output in November...

S. Korea-UK free trade agreement set for launching this week

Dec 30, 2020 23:26 pm UTC| Economy

South Korea and the UK will kick off their bilateral free trade agreement (FTA) on Jan. 1. to maintain the continuity of trade activities after the latters departure from the EU. A separate FTA is necessary as South...

S. Korea allocates 9.3 trillion won relief package to help businesses and workers

Dec 30, 2020 02:44 am UTC| Economy

South Korea will provide the third batch of its economic relief package worth 9.3 trillion won to benefit 5.8 million small business operators and contract workers. Direct cash payments from the aid will begin on Jan....

Negative Rates Series

Sure, interest rates are negative, but so are some prices, and when you look around, they're everywhere

Dec 30, 2020 00:14 am UTC| Economy Investing

On December 10, it finally happened. Instead of demanding an interest payment from the government in return for lending it money, a group of investors offered to pay the government in order to lend it money. Naturally...

Post-Brexit trade deal: the gaps worth noting

Dec 29, 2020 14:37 pm UTC| Economy

Plenty of political spin has already been applied to the post-Brexit UK-EU trade and cooperation agreement. This not only glosses over much of the detail, but it can also be decidedly misleading. For example, Boris...