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The Korea Herald > Business > Economy

Seoul stocks open up on relieved post-Brexit sentiment

South Korean shares opened higher Friday, extending a rally into a fifth day on eased investors' anxiety about Britain's vote last week to exit the European Union.  The benchmark Korea Composite Stock Price Index rose 13.86 points, or 0.70 percent, to 1,984.21 in the first 15 minutes of t...

Updated : 2016.07.01 13:02

Korea's consumer prices gain 0.8% on-year in June

South Korea's consumer prices grew by less than 1 percent for the second month in a row in June, government data showed Friday, rekindling concerns over deflation amid a flaccid economic recovery.The ...

Updated : 2016.07.01 11:38

U.S.-Korea FTA effective in increasing American exports: U.S. report

The free trade agreement between the United States and South Korea resulted in an increase of $4.8 billion-$5.3 billion in total American exports, the second-largest among a total of 13 free trade dea...

Updated : 2016.07.01 11:30

FSC chairman warns of Brexit’s long-term impact on global market

[THE INVESTOR] Britain’s decision to quit the European Union could have a lasting impact on global markets in the long term, Korea’s top financial regulator said on July 1. Yim Jong-yong, chairman o...

Updated : 2016.07.01 11:05

Korea's current account surplus jumps to 8-month high in May: BOK

South Korea's current account surplus greatly widened from a month earlier in May as its surplus in the primary income account rose, while the deficit in the service narrowed, the central bank said Fr...

Updated : 2016.07.01 10:42

[Graphic News] Single-income households account for 27%

The number of single-income households in Korea increased to 5 million last year, taking a 27.2 percent share of the total, according to data Thursday.Statistics Korea said the data also showed nearly...

Updated : 2016.06.30 18:21

[Monitor] Industrial output swings back to growth

South Korea’s industrial output swung back to growth in May on the back of increased production in chips and petroleum products, a government report showed Thursday. According to Statistics Korea, to...

Updated : 2016.06.30 17:08

Trade promotion agency to support female entrepreneurs in exports

Korea's trade promotion agency said Thursday that it will help female entrepreneurs make inroads into foreign markets.The Korea Trade-Investment Promotion Agency said the project will be launched alon...

Updated : 2016.06.30 16:04

[Photo News] Interest in solar power

President Park Geun-hye and SK Group chairman Chey Tae-won arrive in an eco-friendly energy town in Hongcheon, Gangwon Province, to look at solar power facilities on Thursday.(Yonhap)

Updated : 2016.06.30 15:43

Outdoor apparel brands exit the market

Many outdoor gear and apparel brands are closing down their business here due to sliding domestic sales in the saturated outdoor market. Fashion Group Hyungji recently decided to withdraw its outdoor ...

Updated : 2016.06.30 15:42

Korean finance minister refutes Trump's attack on FTA

Korea's chief economic policymaker said Thursday benefits from the free trade agreement with the United States far outweigh the disadvantages, refuting opponents' arguments that the bilateral pact has...

Updated : 2016.06.30 15:20

[Herald Interview] Expert sees more reasons for Korea Discount

Korea Inc. is in a generational transition. From Lee Kun-hee to Lee Jae-yong at Samsung and from Chung Mong-koo to Chung Eui-sun over at Hyundai Motor, Korea’s top business groups are preparing for f...

Updated : 2016.06.30 14:24

Korean gov’t to restrict overseas projects by state-run energy firms

[THE INVESTOR] The South Korean government will tightly restrict state-run energy firms’ new investment in overseas resource development in the midst of low oil prices as the government pushes for sw...

Updated : 2016.06.30 10:35

Korea needs bold deregulation to spur growth

South Korea should ramp up efforts to ease regulations on its labor, corporate and financial sectors to help stimulate the sputtering economy, an expert said Thursday."The level of deregulation for th...

Updated : 2016.06.30 09:49

Korea’s industrial output picks up in May

 [THE INVESTOR] South Korea’s industrial output swung back to growth in May on the back of increased production in chips and petroleum products, a government report showed on June 30. According to S...

Updated : 2016.06.30 09:11