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Adjusted wages of Korean big biz workers much higher than US, Japan: report

The average adjusted monthly wage for workers at South Korea's big businesses far exceeds those of their US and Japanese counterparts, although South Korea's per capita GDP is much lower than the two...

Sept 13, 2017
Economy
Taking China to WTO is one option being considered: trade minister

South Korea's trade minister said Wednesday that taking China to the World Trade Organization is one option being considered in response to that country's apparent retaliatory actions against Seoul's...

Sept 13, 2017
Economy
Korea's semiconductor exports to exceed $90b this year: KITA

South Korea's semiconductor exports are expected to exceed $90 billion this year due to increased overseas chip demand and higher prices, an international traders organization said Wednesday. In the...

Sept 13, 2017
Economy
Korea's ICT exports hit record high in August

South Korean exports of information and communication technology products increased for the seventh month to hit an all-time high in August on brisk overseas sales of semiconductors and displays, gov...

Sept 13, 2017
Economy
Single household income drops for 3rd straight quarter: govt. data

South Korea's single household income fell for the third consecutive quarter in the April-June period this year due to a drop in temporary jobs for the elderly and young people amid a sluggish pace o...

Sept 13, 2017
Economy
Korea's jobless rate remains steady at 3.6% in Aug.

South Korea's jobless rate stayed unchanged in August, but the number of newly employed people dropped to a 4 1/2-year low amid weak signs of economic recovery, government data showed Wednesday. The...

Sept 13, 2017
Economy
Korea‘s export prices up 0.5% in August

South Korea's export prices rose slightly in August from a month earlier due to the hike in prices of coal and petrochemical products, the central bank said Wednesday. In local currency terms, overa...

Sept 13, 2017
Economy
BOK chief to hold annual talks with Chinese, Japanese counterparts

The heads of the central banks of South Korea, China and Japan are set to begin an annual meeting later Wednesday, the Bank of Korea said, amid keen interest on a currency swap deal between Seoul and...

Sept 13, 2017
Economy
Restrictions drive borrowers from mortgage to credit loans: data

In the wake of the Moon Jae-in government’s reinforced restrictions on housing loans, the increase in mortgage loans has slowed down while credit loans made a record leap in August, data showed Tuesd...

Sept 12, 2017
Economy
Korea has no plan to raise ownership tax: finance minister

South Korea's top economic policymaker said Tuesday that he has no immediate plan to raise property ownership tax as a tool to cool down the speculative movement in the local real estate market. The...

Sept 12, 2017
Economy
[Monitor] South Korea’s family benefits spending still low

Although the South Korean government has poured in some 100 trillion won ($88.4 billion) 88,449,000,000) over the past 10 years to solve the low birthrate issue, the country’s spending on family ben...

Sept 12, 2017
Economy
Korea’s youth labor participation ranks among OECD lowest

The rate of labor force participation for young Koreans last year ranked near the bottom among developed nations, according to the Organization for Economic Cooperation and Development on Tuesday. ...

Sept 12, 2017
Economy
Govt. urged to drop scaled-back 2018 infrastructure budget

Major construction bodies in South Korea called on the government Tuesday to withdraw its scaled-back infrastructure budget for 2018, saying it may hurt not only the industry but also the national ec...

Sept 12, 2017
Economy
Korea's money supply up 5.1% in July: BOK

The money supply in South Korea jumped 5.1 percent in July from a year earlier, the central bank said Tuesday. The nation's M2 totaled 2,472.1 trillion won ($2.18 trillion) in July, compared with 2,...

Sept 12, 2017
Economy
Household loans up 9% in August

South Korea's household loans extended by banks rose 9 percent in August from a year earlier due to increased mortgages and other bank loans, central bank data showed Tuesday. Outstanding household ...

Sept 12, 2017
Economy

The Korea Herald by Herald Corporation

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