The Korea Herald

BUSINESS

LATEST NEWS

Panel to look into minimum wage's impact on jobs

The government will look into the impact of the minimum wage hike on employment, amid a heated debate over whether the increase is actually hurting entry level jobs and weighing down the local econom...

May 20, 2018
Economy
BOK to hold key rate steady at upcoming monetary meeting: Moody's

South Korea's central bank is expected to freeze its policy rate at the current 1.5 percent at its upcoming monetary meeting due to low inflation pressure and the sluggish job market, a market watche...

May 20, 2018
Economy
Households' overseas spending rises up

South Koreans increasingly travel abroad, leading to annual rises in householding spending overseas. (Yonhap) South Korean households’ overseas spending rose 18.9 percent in the fourth quarter from ...

May 19, 2018
Economy
S. Korea may face continued US trade pressure: experts

South Korea is feared to continue to face US trade pressure despite the amendment of a bilateral free trade deal and the recent settlement of a row over steel imports, experts said Friday. In late M...

May 18, 2018
Economy
Annual salaries of top 30 firms increase 2.6% in 2017

The average annual salary of employees at South Korea's top 30 listed companies grew in the mid-2 percent range in 2017, with the growth rate for women nearly twice that for men, market trackers said...

May 18, 2018
Economy
S. Korean economy in good position as N. Korea tensions ease: S&P

Standard & Poor's, a global rating agency, made a positive assessment of the South Korean economy amid eased inter-Korean tensions, the country's chief economic policymaker said Thursday. "S&P sees ...

May 17, 2018
Economy
Korea to launch dumping probe into imported stainless steel bars

South Korea's trade commission said Thursday it will launch an anti-dumping investigation into stainless steel bar products imported from Taiwan and Italy. The Korea Trade Commission under the trade...

May 17, 2018
Economy
Seoul will phase in FX market intervention disclosure plan: minister

South Korea will be revealing its records on foreign exchange market intervention at an incremental pace, as part of efforts to promote the credibility of the nation’s currency policies, according to...

May 17, 2018
Economy
Seoulites spend 96 minutes on daily commute: data

Seoul citizens spend an average of an hour and 36 minutes traveling to and from work every day, data showed Wednesday. According to a report by the Ministry of Land, Infrastructure and Transport and...

May 16, 2018
Economy
Concerns rise ahead of reduced workweek implementation

Concerns are deepening that the planned implementation of reduced work hours unaccompanied by specific guidelines and supplementary measures will add to difficulties faced by local companies, pushing...

May 16, 2018
Economy
Women make up 3% of execs at Korea's top conglomerates

The number of female executives at South Korea's top 30 conglomerates came to 3.1 percent of the total last year, a market tracker said Wednesday, in a sign that the glass ceiling is still intact in ...

May 16, 2018
Economy
Jobless rate falls to 4.1% in April, job creation remains sluggish

South Korea's jobless rate fell slightly in April due to a rise in employment in the health care, financial service and public service sectors, but job creation still remained weak, government data s...

May 16, 2018
Economy
Korea not immune from emerging market instability

Korea is unlikely to be significantly affected by the spreading financial instability in emerging market countries but it must not let its guard down, analysts say. There are growing concerns that c...

May 14, 2018
Economy
Service exports fall some 8% in 2017

South Korea's service exports shrank nearly 8 percent in 2017 from a year earlier due to a strong local currency amid the service industry's weakening competitiveness, data showed Monday. The servic...

May 14, 2018
Economy
Seoul’s luxury residence prices grow at fastest rate: Knight Frank

Despite government-led regulations to rein in the real estate market, luxury residence prices in Seoul shot up nearly 25 percent on-year in the first quarter, marking the fastest rate of growth world...

May 13, 2018
Economy

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Shin Chang Hoon
Tel : 02.727.0114