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Facility investment down as manufacturers move abroad

Domestic facility investment has continued to decline in recent months, while overseas investment by the nation’s manufacturers is on a steep rise. Facility investment in South Korea contracted 1.4 ...

Oct 8, 2018
Economy
Unpaid household chores valued at W361tr in 2014: data

The value of unpaid household work, such as meal preparation and child care, was estimated at 361 trillion won (US$319 billion) in 2014, state data showed Monday. The 2014 figure was up 90.1 trillio...

Oct 8, 2018
Economy
BOK chief affirms independent rate-setting decision

South Korea's central bank chief stressed its right to make monetary policy decisions without political interference a week before the rate-setting meeting. "I will not freeze the interest rate even...

Oct 7, 2018
Economy
S. Korea, UK sign MOU for expanded trade partnership

South Korea's trade promotion agency said Sunday it has reached an initial agreement with Britain to expand the two countries' already-strong partnership. The Korea Trade-Investment Promotion Agency...

Oct 7, 2018
Economy
[Photo News] Post-Brexit partnership

POST-BREXIT PARTNERSHIP -- Deputy Prime Minister and Finance Minister Kim Dong-yeon (far left) on Friday meets with Liam Fox (center), UK secretary of state for international trade, and Simon Smith, ...

Oct 5, 2018
Economy
Korea's consumer price growth hits 1-year high in September

South Korea's consumer price growth continued to stay above 1 percent in September, hitting the highest level in a year, on a sharp rise in prices for agricultural goods and the service sector, gover...

Oct 5, 2018
Economy
Real estate takes up largest proportion of Koreans' assets: report

Real estate accounted for more than half of South Korean households' total assets, with the rate of homes owned for investments far higher compared to major economies, a report showed Thursday. It i...

Oct 4, 2018
Economy
S. Korea ranks world 3rd in debt-to-GDP ratio growth: data

South Korea has seen one of the fastest expansion paces for its household debt against its gross domestic product this year, despite a series of policy actions focused on lending restrictions, data s...

Oct 3, 2018
Economy
Household consumption set to take downturn

Despite a recent rebound in consumer sentiment, the country’s household consumption is set to weaken in the longer term amid deteriorating employment conditions and rising debt-service costs, experts...

Oct 3, 2018
Economy
Growth of Korea's household debt-to-GDP ratio 3rd fastest among major economies

The ratio of household debt to gross domestic product in South Korea increased at the fastest clip after China and Hong Kong despite a series of tightened lending rules, data showed on Wednesday. Ac...

Oct 3, 2018
Economy
Finance minister says September job data may be disappointing

South Korea's employment conditions in September may remain disappointing, the country's top economic policymaker said Tuesday, adding that he does not rule out the possibility of a contraction. In ...

Oct 2, 2018
Economy
Govt., ruling party to meet next week on inter-Korean summit, economy

Officials from the presidential office, ministries and the ruling Democratic Party will meet next week to discuss follow-up measures regarding the latest inter-Korean summit in Pyongyang, party offic...

Oct 2, 2018
Economy
Korea's industrial output rises 1.4% in August

South Korea's industrial output advanced in August from a month earlier, helped by a rise in auto production, government data showed Tuesday. Production in the mining, manufacturing, gas and electri...

Oct 2, 2018
Economy
Concerns rising over weakening manufacturing sector

Concerns are rising over the weakening of the country’s manufacturing industries, which are suffering the effects of deteriorating conditions at home and abroad. Data released last week by Statistic...

Oct 1, 2018
Economy
Korea spends 76% of state budget through August

South Korea spent some 76 percent of its state budget earmarked for 2018 in the first eight months as it moves to maintain its recovery pace and create more jobs, the finance ministry said Monday. S...

Oct 1, 2018
Economy

The Korea Herald by Herald Corporation

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