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[News Focus] Korea seeks to ease trade dependency on China, US, Japan

SEJONG -- South Korea began to seek free trade deals in 1999, when it started negotiations with Chile, its first partner for a free trade agreement that took effect in April 2004. Over the past 20 y...

Jan 27, 2019
Economy
[Monitor] Cigarette sales down due partly to higher prices

Sales of cigarettes in South Korea fell 1.5 percent in 2018 from a year earlier, data from the Ministry of Economy and Finance showed. A total of 3.47 billion packs were purchased last year, down sl...

Jan 27, 2019
Economy
Seoul shares to see moderate gains next week

South Korean stocks are expected to make a modest upswing next week following relief rallies in recent sessions amid optimism over decent corporate performances this year, analysts said Saturday. Th...

Jan 26, 2019
Economy
Korea's consumer sentiment rises for second straight month in Jan.

South Korea's consumer sentiment rose for the second month in a row in January as hopes are high for the government's economic stimulus measures for the new year, a central bank poll showed Friday. ...

Jan 25, 2019
Economy
BOK freezes base rate, inches down growth forecast

Central bank maintains wait-and-see approach amid uncertainties

Jan 24, 2019
Economy
Land prices gain 4.6% in 2018

Land prices in South Korea rose nearly 4.6 percent in 2018 from a year earlier, the fastest clip in 12 years, government data showed Thursday. The country's land prices increased 4.58 percent on-yea...

Jan 24, 2019
Economy
[Monitor] Lotto sales hit record high in 2018

Sales of Lotto tickets in South Korea reached an all-time high in 2018 at 3.97 trillion won ($3.5 billion), up 4.4 percent from the previous year, the Korea Lottery Commission said. But the growth r...

Jan 23, 2019
Economy
Korea to turn unused land into public houses, innovative business space

Deputy PM unveils SOC budget spending plan to boost struggling domestic economy

Jan 23, 2019
Economy
Govt. to offer financial support for overseas construction, plant orders

The government will provide financial support for overseas construction and plant orders to shore up exports that are showing signs of weakening, Finance Minister Hong Nam-ki said Wednesday. Global ...

Jan 23, 2019
Economy
Economy grows 2.7% in 2018, marks slowest on-year rise in 6 years: BOK

GNI likely to have surpassed $31,000 per capita last year for the first time

Jan 22, 2019
Economy
Korean economy grows 2.7% in 2018: BOK

The South Korean economy grew at the slowest pace in six years in 2018 as shrinking corporate investment weighed heavily on Asia's fourth-largest economy, central bank data showed Tuesday. The natio...

Jan 22, 2019
Economy
Ministries in tug-of-war over export policy leadership

Trade Ministry ill at ease over Finance Ministry’s direct involvement in semiconductor export agenda

Jan 21, 2019
Economy
[Monitor] Koreans drinking less: survey

While South Koreans drink as frequently as they used to, the average volume of alcohol consumed on each occasion has dropped consistently, a survey showed. The survey of 2,000 adults conducted joint...

Jan 21, 2019
Economy
Trade minister to attend WTO reform meeting in Davos

South Korea's trade minister will attend a meeting of the World Trade Organization this week to discuss its reform measures, his office said Monday. Kim Hyun-chong will visit Davos, Switzerland, on ...

Jan 21, 2019
Economy
KOTRA opens third office in Vietnam

State-run Korea Trade-Investment Promotion Agency on Monday opened its third Vietnamese office in Da Nang, seeking to support exporters in line with Seoul's New Southern Policy that centers on streng...

Jan 21, 2019
Economy

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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