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[Monitor] Korea's trade dependence increases for first time in 6 years

South Korea’s reliance on trade climbed in 2017 for the first time in six years, data from the Bank of Korea showed Wednesday. The share of the country‘s trade to its gross national income came to 8...

May 3, 2018
Economy
Applicants for 'unemployment credits' jump in Q1

South Korea saw more jobless people seek financial assistance from the state pension fund in the first quarter of this year amid the country's worsening unemployment situation, data showed Thursday. ...

May 3, 2018
Economy
Hyundai Mobis to retire $600b of treasury stocks

Hyundai Mobis, the auto parts maker affiliate of Hyundai Motor Group, said Wednesday that it will retire treasury stocks worth 587.5 billion won ($546 million) over the next three years as part of it...

May 2, 2018
Economy
BOK chief to attend meeting of Southeast Asian central bank governors

South Korea's central bank chief will attend a meeting with his counterparts from countries of Southeast and Northeast Asia later this week, the Bank of Korea said Wednesday. BOK Gov. Lee Ju-yeol wi...

May 2, 2018
Economy
S. Korea's consumer prices rise 1.6% in April

SEJONG -- South Korea's consumer prices increased more than 1 percent in April on a rise in prices of agricultural and industrial goods, government data showed Wednesday. The country's consumer pric...

May 2, 2018
Economy
US to levy antidumping duties on S. Korean carbon, alloy steel wire rod

WASHINGTON -- The United States will levy antidumping duties on imports of South Korean carbon and alloy steel wire rod due to their harmful effect on the domestic industry, a US trade panel said Tue...

May 2, 2018
Economy
US formally exempts S. Korea from steel tariffs

WASHINGTON -- The United States on Monday formally exempted South Korea from steep tariffs on steel imports, saying the move was in line with national security interests. US President Donald Trump e...

May 1, 2018
Economy
Infrastructure budget cuts raise concerns

With a thaw in inter-Korean relations raising expectations for possible infrastructure projects in the North, concerns are growing over decreasing budgets set aside to build and refurbish social over...

Apr 30, 2018
Economy
Work hour reduction comes with both expectations, concerns by economic actors

SEJONG -- Reductions in legal work hours to go into effect from July 1 are raising expectations for better quality of life outside of the office in a country where people put in some of the longest w...

Apr 30, 2018
Economy
Korea's industrial output dips 2.5% in March

South Korea's industrial output fell in March from a month earlier on a dip in production in the automaking and machinery sectors, government data showed Monday. Production in the mining, manufactur...

Apr 30, 2018
Economy
Peace mood to have limited impact on Korean market: report

Ongoing peace gestures involving North Korea could have positive impacts on South Korea's equity markets, though global woes would limit their upward momentum, a global investment bank said Friday. ...

Apr 27, 2018
Economy
S. Korea to impose anti-dumping duties on PET film imports

SEJONG -- South Korea's finance ministry said Thursday it has decided to levy anti-dumping duties on polyethylene terephthalate film imported from Taiwan, Thailand and the United Arab Emirates for th...

Apr 26, 2018
Economy
Korean economy grows 1.1% on-quarter in Q1: BOK

South Korea's economy rebounded 1.1 percent in the first quarter from three months earlier thanks to increased investment and exports, central bank data showed Thursday. In the January-March period,...

Apr 26, 2018
Economy
Korea’s worsening unemployment goes against global trend

Korea’s unemployment problem has continued to worsen in recent years, with all other major economies seeing their job markets tightening in keeping with robust growth. According to data from Statist...

Apr 25, 2018
Economy
[Herald Interview] Procurement sector should expand abroad: PPS administrator

Considering the limited size and full saturation of the local market, outstanding procurement companies are being encouraged to create opportunities in overseas markets. And it is the government’s ro...

Apr 25, 2018
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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