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S. Korea's short-term foreign debt hits 2-year high

The ratio of South Korea's short-term foreign debt to its foreign reserves soared to the highest level in two years as local branches of foreign lenders increased their borrowing from overseas, data showed Tuesday.The country's short-term external debt totaled $121.2 billion as of the end ...

Updated : 2015.09.01 15:12

S. Korea's foreign assets hit record high in Q2

South Korea's foreign assets reached a record high in the second quarter of the year on more investments in overseas securities and increased foreign exchange reserves, government data showed Tuesday.  According to the data released by the finance ministry, the country's external assets ...

Updated : 2015.09.01 10:41

S. Korea's exports plunge 14.7% on-year in Aug.

South Korea's exports tumbled nearly 15 percent on-year in August despite a series of government measures to boost trade, the government said Tuesday.  Outbound shipments came to US$39.33 billion in August, down 14.7 percent from the same month last year, according to the Ministry of Tra...

Updated : 2015.09.01 10:38

S. Korea's consumer prices edge up 0.7% in Aug.

South Korea's consumer prices grew less than 1 percent for the ninth month in a row in August, a government report showed Tuesday, as Asia's fourth-largest economy grapples with deflation concerns.  The country's consumer price index inched up 0.7 percent last month from a year earlier, ...

Updated : 2015.09.01 09:47

Korean manufacturers expect harsh September

South Korea’s business sentiment for September has slid again, as industrial players expect sagging exports and China’s economic slowdown to undo the Korea’s gradual recovery from the Middle East r...

Updated : 2015.08.31 18:01

S. Korea cements presence in China's import market

South Korea expanded its presence in China's import market in the first half of the year thanks to strong demand for its semiconductors and consumer goods, data showed Monday.  China, the world's No. 2 economy, imported $82.8 billion worth of South Korean products in the January-June per...

Updated : 2015.08.31 11:35

Number of firms on antitrust watch list unchanged in Aug.

The number of business group affiliates subject to restrictions on mutual investments and loan guarantees remained unchanged in August compared with a month earlier, the antitrust watchdog said Monday.  The Fair Trade Commission said the number of firms on its watch list came in at 1,674...

Updated : 2015.08.31 10:49

Biz lobbies demand labor reform for job creation, sustainable growth

South Korea's business community said Monday that labor reform to establish a "fair" and "flexible" employment market cannot be delayed further in order to create jobs for future generations and ensure sustainable economic growth.  The demand comes as long-stalled negotiations will likel...

Updated : 2015.08.31 10:48

Koreans' overseas card spending hits record high in H1

Overseas credit card spending by South Koreans hit a fresh record in the first half of 2015 on widened duty-free benefits and a rise in the number of outbound travelers, central bank data showed Monday.  Daily overseas credit card bills reached a record 28.6 billion won ($24.3 million) i...

Updated : 2015.08.31 09:24

S. Korea's industrial output dips 0.5 pct on weak exports in July

South Korea's industrial output edged down in July as weak exports dented demand for electronic parts and machinery and equipment, a government report showed Monday.  According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries back...

Updated : 2015.08.31 09:22

Biz bodies urge quick parliamentary approval of FTAs

More than 40 South Korean business bodies urged parliament Sunday to quickly approve free trade agreements  with China, Vietnam and New Zealand to help prop up Seoul's slumping exports.  South Korea's exports, the country's key growth engine, have fallen for the seventh consecutive mont...

Updated : 2015.08.30 12:00

September biz outlook grim on China woes: survey

A majority of companies in South Korea are pessimistic about business conditions for next month as fears of China's weakening growth and its stock market rout cloud the outlook for the global economy, a survey showed Sunday.    According to the poll conducted on the country's top 600 co...

Updated : 2015.08.30 12:00

Foreigners continue selling Korean stocks in Aug.

Foreigners have continued their sell-off of Korean stocks this month in the wake of growing uncertainties in the Chinese economy and the timing of the U.S. interest rate hike weighing down on the local equity market, the bourse operator said Sunday.  Foreigners offloaded shares traded on...

Updated : 2015.08.30 10:23

Over 50 public firms adopt wage peak system in Aug.

More than 50 state-run companies and organizations introduced the so-called wage peak system in August amid the government's push for the system in an effort to create more jobs for young people, the finance ministry said Sunday.  As of Friday, 65 out of all public-sector firms and insti...

Updated : 2015.08.30 10:22

Seoul shares forecast to rally next week

South Korean stocks are expected to move higher next week as jitters over China's growth abate and anticipation for a delay in the U.S. Federal Reserve's rate hike builds up, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 3.3 percent this week to cl...

Updated : 2015.08.29 10:33