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The Korea Herald > Business > Economy

S. Korea's trade volume tops US$1 tln for 4th consecutive year

South Korea's overall trade volume has reached over US$1 trillion as of Friday for four straight years, setting course for a record high for the country's annual trade volume, the trade ministry said.As of 1:07 p.m., the country's total exports came to $520.17 billion with imports coming t...

Updated : 2014.11.28 15:41

Samsung Group share turnover jumps on restructuring move

Share turnover for Samsung Group, South Korea's largest conglomerate, jumped as investors acted on the announcements of affiliates sale and a stock buyback plan, accounting for a significant portion of trading in the local stock market, data showed Friday.Samsung Group announced on Wednesd...

Updated : 2014.11.28 12:30

Foreigners' card spending beats Koreans' overseas spending

The amount of credit card spending by foreigners in Korea outweighed that by Koreans on overseas trips for the first time, central bank data showed Friday.Credit card spending by foreigners reached US$3.27 billion in the third quarter, up 12.2 percent from three months earlier. In the same...

Updated : 2014.11.28 10:32

[Graphic News] Applications for individual workout program to reach record-high

The number of people applying for the individual debtor rehabilitation program is expected to reach a record high in 2014, according to financial authorities and a monthly report by the Supreme Court ...

Updated : 2014.11.27 21:35

Seoul shares inch up 0.06 pct on Samsung gains

South Korean stocks ended 0.06 percent higher on Thursday after topping the 1990-mark mid-session, led by large gains by market leader Samsung Electronics following its decision to buy back shares, analysts said. The South Korean won gained ground against the greenback.   The benchmark K...

Updated : 2014.11.27 17:28

Number of salaried workers in 50s exceeds younger people

The number of salaried workers in their 50s exceeded those in their 20s for the first time in 2013, data showed Thursday, pointing to tougher employment conditions for younger generations.    According to the data by Statistics Korea, salaried workers in their 50s stood at 3.03 million...

Updated : 2014.11.27 13:00

Personal bailouts on rise as household debt grows

The number of filings for personal bailouts in South Korea rose 7.6 percent in the first 10 months of the year from a year earlier and may well reach a new record, an analysis of data indicated Thursday, in what market watchers see as a symptom of mounting household debts.  A total of 93...

Updated : 2014.11.27 11:49

[Graphic News] Shipbuilding, chips to lead growth

South Korea’s economy is likely to grow 3.7 percent as the world economy gradually recovers, according to a report announced by the Korea Institute for Industrial Economics and Trade on Tuesday.The i...

Updated : 2014.11.26 21:29

S. Korea to ease investment regulations to boost stock market

South Korea will ease the stock investment limit for the state postal service agency as part of a comprehensive strategy to help invigorate the slumped local stock market and strengthen the market's role in providing corporate capital, the financial regulator said Wednesday.   Korea Pos...

Updated : 2014.11.26 18:11

S. Korea ranks 15th among G20 nations in clean energy investment

South Korea ranked 15th among the world's industrialized economies, known as the Group of 20 (G20), in clean energy investment last year, according to a report by a U.S. non-governmental organization on Wednesday.  According to the annual report by the Washington-based Pew Charitable Tru...

Updated : 2014.11.26 14:46

Economic recovery momentum still weak: BOK report

South Korea's economic recovery momentum still remains weak as private spending stagnates, a central bank report showed on Wednesday.  While Asia's fourth-largest economy continued to post a modest recovery pace in the past month, consumer sentiment remained feeble and companies are stil...

Updated : 2014.11.26 13:33

S. Korea's economy to grow 3.6 percent in 2015: global investors

Global investment banks (IBs) forecast that South Korea's economy will advance in the mid 3-percent range next year, data showed Wednesday, lower than growth estimates by the Seoul government and institutions.    Average projections from 34 major IBs show South Korea's gross domestic p...

Updated : 2014.11.26 09:47

S. Korea to seek structural reform on labor market next year: minister

South Korea will make structural reform one of its key policy objectives for next year, as it focuses on overhauling the inflexible labor market, the country's top economic policymaker said.     The remarks by Finance Minister Choi Kyung-hwan come as the government prepares its econom...

Updated : 2014.11.26 09:46

S. Korean consumer sentiment dips to 14-month low: data

Consumer sentiment in South Korea remained positive but soured to a 14-month low in November, data showed Wednesday, reflecting concerns over Asia's fourth-largest economy caused by a weakening Japanese yen and the intangible effects of government stimulus.   The overall consumer sentim...

Updated : 2014.11.26 09:01

S. Korea's economy to grow 3.8 pct in 2015: OECD

SEOUL (Yonhap) -- South Korea's economy is expected to grow 3.8 percent in 2015 on the back of the government's efforts to boost it through fiscal stimulus and monetary policy easing, a report by a leading international economic organization showed Tuesday.The Organization for Economic Coo...

Updated : 2014.11.25 21:53