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Tax revenue increase far from guaranteed

The Moon Jae-in administration’s expansionary fiscal policy will probably prove unsustainable in a couple of years due to a possible decline in tax revenue that might stem partly from reduced corpora...

Jul 23, 2018
Economy
S. Korea, Tanzania agree to deepen economic cooperation

DAR ES SALAAM -- South Korean Prime Minister Lee Nak-yon held talks with his Tanzanian counterpart and agreed to work together to further deepen economic cooperation between the two countries, offici...

Jul 23, 2018
Economy
Payment at listed firms 3 times higher than minimum wage

The average hourly payment for South Korea's listed firms was more than three times higher than the country's minimum level, market data showed Sunday. A total of 1,932 firms listed on the main KOSP...

Jul 22, 2018
Economy
S. Korean delegation to take part in RCEP talks in Bangkok

South Korean delegates will head to Thailand to participate in the latest round of talks for the Regional Comprehensive Economic Partnership, a proposed mega trade deal involving Asian nations, Seoul...

Jul 22, 2018
Economy
NK economy retreats sharpest in 2 decades in 2017: BOK

North Korea’s annual real gross domestic product in 2017 retreated 3.5 percent on-year, marking the sharpest fall in over 20 years, as sanctions on the North appear to have taken a toll on its export...

Jul 20, 2018
Economy
‘Essence of US-China trade war is to open China’s financial market’

SEOGWIPO, Jeju -- The nature of the ongoing trade war between the US and China is in Washington’s ambition to open Beijing’s financial market, a Korean expert on China’s economy said Friday. China’s...

Jul 20, 2018
Economy
Higher minimum wage feared to cut jobs for seniors

Korea's minimum wage hike is feared to deal a harsh blow to jobs for elderly people as many of them are subject to the pay regulation, sources said Friday. The government jacked up the minimum wage ...

Jul 20, 2018
Economy
S. Korea, Canada discuss joint response to US auto tariffs

South Korea and Canada have agreed to jointly deal with the United States' move to levy tariffs on foreign autos and put on a united front against the rising protectionism in global trade, Seoul's tr...

Jul 19, 2018
Economy
Moon yet to follow up on pro-business gesture

President Moon Jae-in’s recent outreach to the business community seems to have so far fallen short of gaining full confidence and cooperation from corporate officials. The local corporate circle is...

Jul 18, 2018
Economy
Korea cuts growth estimate, set to spend more for underprivileged

South Korea's government plans to increase spending to create more jobs and expand the social safety net, as Asia's fourth-largest economy is set to lose its steam down the road in the face of rising...

Jul 18, 2018
Economy
S. Korea to expand support for low-income clusters in H2

Govt, ruling party call for reinforcement of tax refunds, basic pension, job-seeking allowance

Jul 17, 2018
Economy
Minimum wage rise discord deepens

President stands by hike, albeit foregoing 10,000 won target, minister steps up objection, firms and workers remain largely split

Jul 16, 2018
Economy
Korea mulling more cash subsidies for heavier wage burden

The government is considering an increase in cash subsidies for smaller businesses in order to help ease the burden of higher payroll costs following the decision on an 11 percent minimum wage hike f...

Jul 16, 2018
Economy
Concerns rise on indebted self-employed businesses

A growing level of debt owed by self-employed businesses is becoming a ticking time bomb that hangs over the Korean economy, experts say. A continuous increase in the minimum wage amid sluggish dome...

Jul 16, 2018
Economy
Finance minister, BOK chief meet over economic conditions

South Korea's top economic and monetary policymakers met Monday to discuss an array of economic issues, such as the growing trade tussle between the United States and China and sluggish job creation....

Jul 16, 2018
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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