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The Korea Herald > Business > Economy

Unfavorable conditions, competition to weigh down key industries

Unfavorable economic conditions at home and abroad, as well as stiffer competition, are expected to weigh down key South Korean industries such as electronics and autos in 2015, market watchers said Wednesday.In a gathering hosted by the Federation of Korean Industries (FKI), analysts from...

Updated : 2014.10.22 14:11

S. Korea's tax collection down 300 bln won in 1st eight months: finance ministry

South Korea's national tax revenue declined by about 300 billion won (US$281 million) on-year in the January-August period due to the slowing economic recovery, raising worries that the government might face tougher income conditions, government data showed Tuesday.According to the data pr...

Updated : 2014.10.21 10:18

[Graphic News] Korean currency, stocks trail Asia rivals

South Korean currency and stocks have been the worst performers among emerging markets in Asia this month amid concerns of a slow economic recovery and a set of negative external factors, market data ...

Updated : 2014.10.20 21:22

[SUPER RICH] Rise of the new breed

The rich are generally considered to be somber, strictly guarding their privacy and loath to mingle with strangers. However, this typical image does not seem to fit the profile of the youngest daughte...

Updated : 2014.10.20 21:11

Seoul shares up 1.55% on tech, auto shares

South Korean stocks ended 1.55 percent higher Monday on strong tech and auto shares, although the jump seems to be a moment in passing, analysts said. The South Korean won gained ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) moved up 29.40 points to...

Updated : 2014.10.20 20:55

FTC to step up crackdown on large firms abusing market power: FTC chief

The head of South Korea's antitrust watchdog said Monday the agency will intensify its crackdown on large retailers and franchise headquarters abusing their power in deals with smaller business partners."We will step up our efforts to prevent large retailers and franchise headquarters from...

Updated : 2014.10.20 12:16

S. Korean currency, stocks most volatile in Asia

South Korean currency and stocks have been the worst performers among emerging markets in Asia this month amid concerns of a slow economic recovery and a set of negative external factors, market data showed Sunday.According to the data, the South Korean won tumbled 2.06 percent against the...

Updated : 2014.10.19 13:22

Hyundai Motor rewards national archery team

Hyundai Motor Group, a steady patron of Korean archery, on Friday offered the national archery team with 880 million won ($830,000) to recognize their strong performance in the recently concluded Inch...

Updated : 2014.10.17 21:26

U.S. steelmakers demand antidumping action on Korean welded API line pipes

U.S. steelmakers called for tough antidumping action against South Korea welded API line pipes that could effectively block export of the products, a local traders association said Friday.According to the Korea International Trade Association, American Cast Iron Pipe Co. and seven other co...

Updated : 2014.10.17 21:25

Jeju Island pushes for Singapore-style casino watchdog

Jeju Island is pushing to establish a strict Singapore-style casino watchdog and revise taxation on casinos to improve transparency of the gambling industry and boost the local economy, its governor said. Jeju Gov. Won Hee-ryong made the remarks during a parliamentary audit on Thursday as...

Updated : 2014.10.17 15:46

N. Korea, China kick off annual trade fair

North Korea and China kicked off an annual trade exhibition on Thursday, with about 2,000 Chinese companies attending, organizers said. The five-day trade fair in the Chinese border city of Dandong, where more than 70 percent of bilateral trade between the two nations is conducted, sugges...

Updated : 2014.10.16 17:24

Korean won rises to over 2-week high vs dollar, government bonds rally on U.S. data

South Korea's currency rose to the U.S. dollar for a fifth day Thursday as weak data from the U.S. stoked speculation that the Federal Reserve's rate hikes may come later than expected.The Korean won closed at 1,061.50 to the greenback, up 1.6 won from the previous session's close. The loc...

Updated : 2014.10.16 15:39

S. Korean economy facing risks of low growth, low inflation: finance minister

South Korea's economy is facing numerous risks, including protracted low growth and low inflation, which requires the government to keep up its efforts to reinvigorate the economy by stimulating consumption and corporate investment, the finance minister said Thursday."Our economy is confro...

Updated : 2014.10.16 10:35

Mobis listed among top 10% sustainable companies

Hyundai Mobis was listed among the top 10 percent of the world’s most sustainable companies by Dow Jones for the fourth consecutive year, the automotive parts company said Wednesday. According to Mobis, the company received the highest Dow Jones Sustainability Index rank in the environmen...

Updated : 2014.10.15 21:04

S. Korea's jobless rate inches down to 3.2 pct in Sept.

South Korea's jobless rate inched down in September from a month earlier, but the pace of job creation slowed to a three-month low, a government report showed Wednesday.According to the report by Statistics Korea, the jobless rate stood at 3.2 percent last month, down from 3.3 percent a mo...

Updated : 2014.10.15 10:10