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KOTRA opens third office in Vietnam

State-run Korea Trade-Investment Promotion Agency on Monday opened its third Vietnamese office in Da Nang, seeking to support exporters in line with Seoul's New Southern Policy that centers on streng...

Jan 21, 2019
Economy
Korea's exports fall 14.6% in first 20 days of January

South Korea's exports dropped 14.6 percent on-year in the first 20 days of January, hit by a plunge in overseas shipments of semiconductors, customs data showed Monday. The country's exports stood a...

Jan 21, 2019
Economy
Over half of Koreans predict negative economic effect from minimum wage hike

More than half of South Koreans think this year's minimum wage hike will have a negative effect on the economy, a survey showed Friday. The poll of 1,002 adults nationwide by Gallup Korea found 52 p...

Jan 18, 2019
Economy
Korean firms in India expresses concern over trade regulations

South Korean companies operating in India have cited various trade barriers, including tariffs, as major hurdles of doing business there, industry sources said Friday. During the conference hosted b...

Jan 18, 2019
Economy
Korea sets FCEV target at 80,000 units by 2022

Government prepares measures for data industry to reach W30tr in size by 2023

Jan 16, 2019
Economy
Brexit deal refusal to have limited impact on economy: ministry

Seoul vows to speed up efforts for Korea-Britain bilateral trade deal, bracing for post-Brexit era

Jan 16, 2019
Economy
Seoul to spend 537 b won for traditional markets

South Korea plans to spend 537 billion won ($478 million) to help nurture the country's traditional markets, the government said Wednesday. According to the Ministry for SMEs and Startups, around ha...

Jan 16, 2019
Economy
Korea jobless rate exceeds that of US in Q3

South Korea posted a higher unemployment rate than the United States in the third quarter of last year for the first time in 17 years amid a sluggish job market here, data showed Wednesday. South Ko...

Jan 16, 2019
Economy
Samsung’s Lee, SK’s Chey ‘spar’ over semiconductors in front of Moon

Owners of the world’s two largest memory chipmakers -- Samsung’s Lee Jae-yong and SK Group’s Chey Tae-won -- boasted of their business confidence during a walk with President Moon Jae-in at Cheong Wa...

Jan 15, 2019
Economy
[News Focus] Consumer confidence in Korea lowest among OECD members

SEJONG -- The atmosphere on the streets at year-end was not the same in 2018 as what people remembered from past years. To explain it, they pointed to the large number of struggling small business ow...

Jan 15, 2019
Economy
Import prices fall to 8-month low in Dec. on falling oil prices: BOK

DRAM export price marks 5-month decline amid industry slowdown

Jan 15, 2019
Economy
Korea to continue efforts to boost lending for SMEs

South Korea will continue its efforts to encourage banks and other financial institutions to direct more loans to small and medium-sized enterprises, a senior financial regulator said Monday. Kim Yo...

Jan 14, 2019
Economy
President Moon to meet with leaders of top conglomerates

President Moon Jae-in will hold a meeting this week with the leaders of the country's largest businesses, the presidential office Cheong Wa Dae said Monday. The meeting will be held Tuesday at Cheon...

Jan 14, 2019
Economy
[Monitor] Foreign investors sell off $5.66b worth of Korean stocks, largest in 7 yrs

The value of South Korean stocks offloaded by foreign investors last year reached $5.66 billion, the largest in seven years, driven by US-China trade war and uncertainties tailing US interest rate hi...

Jan 13, 2019
Economy
Fixed deposits grow steeply in 2018 on higher rates: BOK

The volume of fixed deposits at local banks marked the steepest growth in eight years in 2018, on the back of increased policy rate and the banks’ efforts to reinforce liquidity, central bank data sh...

Jan 13, 2019
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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