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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
  •  
  • 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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