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[News Focus] Seoul apartments resilient to property measures since 2017

SEJONG -- The Moon Jae-in government has introduced stern regulations on rebuilding old apartments or redeveloping old areas in Seoul. Housing redevelopment projects have been effectively blocked in ...

Jul 15, 2019
Economy
WTO to formally discuss Japan's export curbs on S. Korea

Japan's export restrictions on advanced tech materials that could undermine South Korea's production of semiconductors will be formally discussed at the World Trade Organization, South Korea's commer...

Jul 14, 2019
Economy
Japan sees decline in value-added trade surplus with Korea

Tokyo’s export curbs to negatively impact global economy due to correlated trade structure

Jul 14, 2019
Economy
Exports, investments remain dull amid worsening external conditions: ministry

Seoul’s exports slip amid global price changes, US-China trade war

Jul 12, 2019
Economy
BOK to face further delays in construction of new headquarters

The Bank of Korea is likely to experience further delays in the reconstruction of its headquarters as a disputed builder asserted its rights as the successful bidder, challenging the procurement offi...

Jul 12, 2019
Economy
External conditions worsening amid weak exports, investment: ministry

The South Korean economy is increasingly facing uncertainties stemming from the prolonged trade dispute between the United States and China amid weak business spending, the finance ministry said Frid...

Jul 12, 2019
Economy
S. Korea to raise minimum wage for next year by 2.9%

South Korea decided Friday to raise the minimum wage for next year by 2.9 percent, the slowest growth in a decade, as it took into account an economic slowdown and sluggish job growth. The Minimum W...

Jul 12, 2019
Economy
Exports down 2.6 pct in first 10 days of July

South Korea's exports fell 2.6 percent in the first 10 days of July mainly due to decreased shipments of semiconductors, one of the country's key items, customs data showed Thursday. The country's e...

Jul 11, 2019
Economy
S. Korea considers 120 bln won extra budget to cope with Japan's export curbs

Prime Minister Lee Nak-yon said Wednesday the government will seek parliamentary approval for more than 120 billion won (US$101 million) in extra budgetary funds to cope with the impact of Japan's re...

Jul 10, 2019
Economy
S&P cuts growth outlook for S. Korea's economy to 2 percent

Global rating agency Standard & Poor's has sharply slashed its growth forecast for South Korea's economy this year to 2 percent due to rising uncertainty about the global trade outlook and weaker con...

Jul 10, 2019
Economy
S. Korea’s jobless population marks 20-year high in June

Country adds 281,000 jobs on-year, but also faces record-high jobless population

Jul 10, 2019
Economy
Wealth of Korean rich shed amid trade woes: Forbes

Caught in the crossfire of the China-US trade war, export-reliant South Korea saw a steep decline in overseas shipments, and a consequent decline in the wealth among the members of the rich-list, For...

Jul 10, 2019
Economy
Jobless rate rises to 4% in June, 281,000 jobs created

South Korea's jobless rate rose to 4 percent in June from a year earlier, and job additions again exceeded the 200,000 mark, government data showed Wednesday. The unemployment rate increased 0.3 per...

Jul 10, 2019
Economy
Labor, management leaders escalate feud over next year's minimum wage

Representatives of labor and management are escalating a feud over whether to increase the nation's legal minimum wage next year ahead of their final negotiations at the Minimum Wage Commission. The...

Jul 9, 2019
Economy
Moody's keeps its rating on South Korea at Aa2

Global rating agency Moody's Investors Service said Monday that it is maintaining its rating on South Korea at "Aa2" with a stable rating outlook. Moody's rating for Asia's fourth largest economy has...

Jul 8, 2019
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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