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Corporate reform required not to dampen entrepreneurshipMar 22, 2017Korea’s large conglomerates, many of which have been embroiled in a massive corruption scandal that has led to the impeachment of President Park Geun-hye, are now worried about a flood of anti-busine... -
![[Monitor] Seoul among top 10 most expensive cities](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/03/22/20170322000896_0.jpg)
[Monitor] Seoul among top 10 most expensive citiesMar 22, 2017The Cost of Living Index, or general index, shows the difference in living costs between cities. The cost of living in the base city, set as New York, is expressed as 100. The index comprises prices ... -
Korea conducts legal review for potential WTO complaint over US anti-dumping dutiesMar 22, 2017South Korea is considering whether to file an official complaint with the World Trade Organization over the United States' practice of levying anti-dumping duties on South Korean steel and chemical p... -
Korea's terms of trade worsens in FebruaryMar 22, 2017South Korea's terms of trade deteriorated slightly in February from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Wednesday. The terms of ... -
US protectionism key issue at G20 meetingMar 22, 2017South Korea's central bank chief said Wednesday that concerns over US protectionism were a key issue at the recent meetings of finance ministers and central bank governors from the world's major econ... -
Young household heads spend more on food, housingMar 22, 2017South Korean household heads in their 20s and 30s spent more on food and housing in 2016 than six years ago as their wages remained stagnant amid soaring home prices, data showed Wednesday. Accordin... -
Korea's unemployment benefits period ranks low among OECD nationsMar 22, 2017South Korea ranks low among the member nations of the Organization for Economic Cooperation and Development in terms of the period during which jobless workers get unemployment benefits, a report sai... -
Economically inactive youth, soaring prices dog KoreaMar 21, 2017The number of South Korean youths choosing to stay out of the job market is surging, reflecting a worsening job market and labor force quality, data showed Tuesday. Statistics Korea said the number ... -
![[MONITOR] Lee Kun-hee jumps to 68th richest in Forbes list](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/03/21/20170321000886_0.jpg)
[MONITOR] Lee Kun-hee jumps to 68th richest in Forbes listMar 21, 2017The latest update on the world‘s billionaires by Forbes showed that Bill Gates remained the richest for a fourth year in a row. Amazon’s Jeff Bezos had the best year, adding $27.6 billion to his fort... -
‘Korea could suffer $20b loss from sour ties with China’Mar 21, 2017South Korea could suffer $20 billion in economic losses if its already-soured relations with China exacerbates, an industry report said Tuesday. Korea is already suffering from China’s apparent econ... -
Hwang calls for all-out efforts to manage risks from US interest rate hikeMar 21, 2017South Korea's Acting President and Prime Minister Hwang Kyo-ahn on Tuesday called for all-out efforts to manage economic risks stemming from the US Federal Reserve's recent decision to raise key inte... -
Exports jump 14.8% in first 20 days of MarchMar 21, 2017South Korea's exports jumped 14.8 percent in the first 20 days of March from a year earlier, continuing their upbeat mode for five straight months, customs data showed Tuesday. The total outbound sh... -
Korea appeals China’s possible violations to WTO: trade ministerMar 20, 2017South Korea has complained to the World Trade Organization about China’s moves against the country’s companies, which are apparently in retaliation against Seoul’s decision to deploy a US anti-missil...
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![[MONITOR] Franchise stores close down at record pace](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/03/20/20170320000955_0.jpg)
[MONITOR] Franchise stores close down at record paceMar 20, 2017The number of closed down franchise stores nationwide in 2015 reached 13,241, 19.7 percent more from the previous year, data by the Fair Trade Commission showed. This means an average of 36 stores c... -
Reshoring not yet an option for most Korean firmsMar 20, 2017Calls are rising for the government to redouble efforts to bring home Korean manufacturers’ overseas production as a way to help reduce the country’s soaring unemployment. Only 30 companies have ret...
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