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BUSINESS

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LATEST NEWS
  • NK official arrives in Hanoi ahead of 2nd Trump-Kim summit
  • North Koreans pay tribute to Kim's father in freezing cold
  • Seoul's base taxi fare rises to 3,800 won
  • What North Korea could learn from Vietnam
  • Seoul shares expected to remain sluggish next week
  • JTBC chief questioned over alleged violence against freelance journalist
  • IOC President Bach welcomes joint Korean bid for 2032 Olympics
  • Close aide of N. Korean leader arrives in Beijing ahead of 2nd Trump-Kim su...
  • Koreas to field joint teams in 4 sports at 2020 Tokyo Olympics
  • Renault Samsung to face lower utilization rate after it stops
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  • Korea's exports fall 7.5% in first 10 days of January

    South Korea's exports fell 7.5 percent in the first 10 days of January from a year earlier due largely to a sharp decline in shipments of semiconductors and ships, customs data showed Friday. The co...

    Jan 11, 2019

    Economy
  • Workers at SMEs earn 65 pct of wages for employees of large firms: report

    Employees working for small and medium-sized companies in South Korea were paid, on average, 65.1 percent of the earnings of employees of a large firm in 2017, a report showed Thursday. The average ...

    Jan 10, 2019

    Economy
  • Samsung's Q4 operating profit tumbles 28.7% on tepid memory demand

    Samsung Electronics Co. said Tuesday its operating profit plunged 28.7 percent in the fourth quarter compared with a year ago due to weak memory demand, falling far short of market expectations. Ope...

    Jan 8, 2019

    Economy
  • [News Focus] Korean harbors brace for 4th industrial revolution

    SEJONG -- South Korea is mapping out mid- and long-term plans to become a global logistics hub by introducing “smart” harbors across the country, a project that is expected to last a decade from 2021...

    Jan 7, 2019

    Economy
  • Corporate retirement pension funds top 172tr won

    Corporate retirement pension funds managed by South Korea's financial institutions topped 172 trillion won ($153 billion) as of September last year, but their annual rate of return was low, governmen...

    Jan 7, 2019

    Economy
  • S. Korea logs world‘s 2nd fastest household debt-to-GDP ratio growth

    The ratio of household debt to gross domestic product in South Korea increased at the second fastest pace in the world last year, only outranked by China, despite the Seoul government’s tightened len...

    Jan 6, 2019

    Economy
  • EU to impose 25% duty on quota-exceeding steel imports from Feb.

    The European Commission has informed the World Trade Organization of its decision to adopt a 25-percent duty on imports of steel into the European Union above a certain level from Feb. 2, the foreign...

    Jan 5, 2019

    Economy
  • Government to finalize minimum wage restructuring plan within January

    Within this month the renewed calculation method for the legal minimum wage will be finalized, Deputy Prime Minister and Finance Minister Hong Nam-ki said Friday. “The government will announce its d...

    Jan 4, 2019

    Economy
  • Community Chest's new honor society member

    Philip Morris Korea Director Kim Byung-chul (left) poses for a photo during an initiation ceremony on Thursday in Seoul for the Community Chest of Korea’s Honor Society, an exclusive club for individ...

    Jan 4, 2019

    Economy
  • S. Korea’s foreign reserves hit record high in Dec.

    South Korea’s foreign exchange reserves reached a record high level in December, amid a weakening US dollar trend, the central bank said Friday. The total amount of foreign currency holdings stood a...

    Jan 4, 2019

    Economy
  • Cheong Wa Dae ramps up dialogue with conglomerate executives

    President Moon Jae-in’s chief policy adviser held a closed-door meeting with South Korean conglomerate executives late last year, the presidential office confirmed Thursday, in what appeared to be th...

    Jan 3, 2019

    Economy
  • [News Focus] Will 2019 job market see effect of W54 trillion spending?

    SEJONG - During his 2017 presidential campaign, candidate Moon Jae-in promised to create 800,000 jobs if elected. His employment pledge is estimated to have appealed to many voters, including among t...

    Jan 3, 2019

    Economy
  • FDI pledges to S. Korea hit record high in 2018

    New foreign direct investment pledged to South Korea rose to the highest level ever last year, led by rising interest in the nation's high-tech industries and startups in emerging sectors, government...

    Jan 3, 2019

    Economy
  • Ministry takes legal action against whistle-blowing official

    The Ministry of Economy and Finance said Wednesday it will level criminal charges against a former official for making public remarks accusing the Moon Jae-in government of forcing bond issuance and ...

    Jan 2, 2019

    Economy
  • 47% of self-employed to lay off workers, cut back hiring

    Approximately half of South Korea’s self-employed businesses plan to lay off employees or cut back on hiring this year, according to a survey released Wednesday. Incruit, an online recruiting servic...

    Jan 2, 2019

    Economy
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