Xiaomi's Barra quits China for Silicon Valley

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Korea to seek better cooperation with Trump govt.

South Korea's trade minister said Monday that he will visit the United States soon to seek better ways to expand understanding and bilateral cooperation with the new Donald Trump administration.In his...

Updated : 2017.01.23 17:49

Job creation pledges neglect corporate roles

Policymakers and potential presidential candidates have competitively put forward measures aimed at creating more jobs amid concerns the tightened job market will worsen this year.South Korea’s joble...

Updated : 2017.01.23 17:36

IMF urges Korea to expedite restructuring to avoid Japan’s ‘lost decades’

Korea should accelerate corporate restructuring to avoid Japan’s prolonged economic woes, the International Monetary Fund warned in a report.The Korean government projects that the number of the work...

Updated : 2017.01.23 14:04

Korea to revise health insurance system to relieve burden on low-income people

South Korea is pushing to revise its national health insurance program to halve the fees for low income earners in an effort to make health care more affordable, officials said Monday.The Ministry of ...

Updated : 2017.01.23 11:08

Pension funds suffer low returns amid record low rates

The returns on major private pension programs remained at what local analysts on Monday called a disappointing level due to record low interest rates and risk-avoiding behavior of fund managers, indus...

Updated : 2017.01.23 11:05

Korea's Big Mac index moves down two notches to 25th

South Korea's Big Mac index moved down two notches from six months earlier to the 25th spot, the global index showed Monday, indicating the South Korean won may be more undervalued than it was before....

Updated : 2017.01.23 10:03

Korea likely to miss $1t trade target again

South Korea's trade has turned upward after a two-year lull, but it is likely to miss the US$1 trillion target again this year and possibly next year as well, the central bank said in its estimate Mon...

Updated : 2017.01.23 09:19

Korean economy put to test in Trump era

South Korea’s withering economy will be put to the test with US President Donald Trump officially taking office at the White House on Friday.Especially when most chiefs of Korean conglomerates are be...

Updated : 2017.01.20 14:39

McCain slams China for 'bullying' Korea over THAAD

US Senator John McCain (R-AZ) slammed China on Thursday for "bullying" South Korea for its decision to host the US THAAD missile defense system aimed at defending against North Korea, urging Beijing t...

Updated : 2017.01.20 11:35

Seoul to fight any price collusion ahead of Lunar New Year

Finance Minister Yoo Il-ho warned Thursday that the government will strictly deal with any price collusion ahead of the nation’s Lunar New Year holiday. His comments came as prices of some agricultur...

Updated : 2017.01.19 14:06

Won-dollar volatility hits 6-year high in 2016

Volatility in won-dollar exchange rates hit a six-year high last year as the currency markets went volatile due to uncertainties, such as Britain's decision to leave the European Union, the U.S. presi...

Updated : 2017.01.19 12:07

Minister vows to stabilize consumer prices ahead of major holiday

South Korea's finance minister vowed Thursday to stabilize consumer prices and sternly deal with any possible price collusion in processed goods ahead of a major holiday."There are growing concerns ov...

Updated : 2017.01.19 10:40

Report shows heavy debt burden on low-income group

More than a quarter of the low-income group are indebted, with the amount of the debts rising with age, a welfare agency report said Thursday.A study conducted by the Korea Institute for Health and So...

Updated : 2017.01.19 09:05

Korea expects trade with Sudan to rise

South Korea is expecting exports to Sudan to rise down the road as the United States decided to lift sanctions on the African country, a trade promotion agency said Thursday.Last week, US President Ba...

Updated : 2017.01.19 08:59

Turning KDB, IBK, Eximbank public stokes debate

South Korea’s government is considering designating 10 public organizations as government enterprises for stricter control, a move strongly opposed by labor unions. The Ministry of Strategy and Finan...

Updated : 2017.01.18 18:32