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GM Korea repositions vehicle prices to revive sales

GM Korea Co., the South Korean unit of General Motors Co., said Tuesday that it has cut the prices of mainstay models in an effort to revive lackluster sales. Starting Tuesday, GM Korea slashed the ...

Jan 1, 2019
Economy
Korea's exports hit record high in 2018

South Korea's exports hit an all-time high last year on brisk sales of memory chips and petrochemical goods, government data showed Tuesday. Outbound shipments came to $605.5 billion for 2018, up 5....

Jan 1, 2019
Economy
[News Focus] Widening economic gulf presents another headache for Moon in 2019

SEJONG -- As the new year approaches, so does the middle phase of President Moon Jae-in’s 60-month tenure. The coming 20 months could be a time for Moon to respond to the concerns of citizens, the m...

Dec 31, 2018
Economy
Slower consumer price growth rate reflects fuel tax cut, lower gas fees

South Korea’s consumer prices in December grew at the slowest pace in five months due to government cuts of the fuel tax and gas fees, but prices of agricultural goods and dining out maintained a ste...

Dec 31, 2018
Economy
Korea's consumer prices rise 1.3% on-year in December

South Korea's consumer prices rose 1.3 percent in December from a year earlier on gains in agricultural and industrial goods and the service sector, government data showed Monday. The reading repres...

Dec 31, 2018
Economy
A new beginning of patent examination cooperation

The writer is director general of the Patent Examination Policy Bureau at the Korean Intellectual Property Office. The views reflected in the article are his own. --Ed.

Dec 30, 2018
Economy
Children inheriting more than 100 million won from parents soars

The number of South Korean children inheriting more than 100 million won ($89,526) from their parents shot up in 2017 from a year earlier, data showed Sunday, as the government vowed to reduce tax de...

Dec 30, 2018
Economy
Conflict between gov, biz owners escalates on new wage

The conflict between the government and business owners has intensified in South Korea ahead of the scheduled implementation of a new wage system that obligates employers to give paid leave to worker...

Dec 30, 2018
Economy
S. Korean economy to grow in mid-2% range in 2019: poll

South Korea's economy is expected to grow in the mid-2 percent range in 2019 as exports, private consumption and construction-related investment are expected to take a hit, a poll carried out on the ...

Dec 30, 2018
Economy
Average daily wage of SME production workers rises 1.5% in H2

The average daily wage of production workers at small and medium-sized enterprises stood at 88,503 won ($79.2) in the second half this year, up 1.5 percent from the previous six-month period, data sh...

Dec 30, 2018
Economy
Korea's Nov. trade terms plunge at fastest clip in more than 7 years

South Korea's terms of trade plunged at the sharpest pace in more than seven years last month due to higher crude oil prices, central bank data showed Friday. The terms of trade index for products d...

Dec 28, 2018
Economy
Korea's industrial output falls 0.7% in Nov.

South Korea's industrial output fell 0.7 percent in November from a month earlier due in part to decreased exports of semiconductors and a decline in production in the service sector, government data...

Dec 28, 2018
Economy
[Monitor] House prices in Seoul, Busan to drop in 2019: BOK

House prices next year are anticipated to drop in most regions except for Gyeonggi Province, Daejeon and Sejong, according to a survey of real estate experts conducted by the Bank of Korea. In its r...

Dec 27, 2018
Economy
Korean public sector debt up in 2017

South Korea's public sector debt rose slightly in 2017 from a year earlier, but the ratio of debt to the country's gross domestic product fell, the government said Thursday. The country's public sec...

Dec 27, 2018
Economy
Korea's consumer sentiment rebounds in Dec.

South Korea's consumer sentiment rebounded slightly in December on hopes for a pay hike next year, a central bank poll showed Thursday. The composite consumer sentiment index for this month stood at...

Dec 27, 2018
Economy

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