Turkish students to learn Korean as second foreign language

The Korea Herald > Business > Economy

Cut in infrastructure investment draws concern

Calls are rising to reconsider the government’s plan to cut back infrastructure investment, which experts say is based on misperception and goes against policy efforts to bolster the country’s falte...

Updated : 2017.02.22 16:19

Official land prices rise 4.74% this year

South Korea's official average land prices for 2017 rose 4.74 percent from the previous year, marking the fastest annual gain since the 2008-09 global financial crisis, government data showed Wednesda...

Updated : 2017.02.22 16:03

Korea's childbirths drop to record low in 2016

Childbirths in South Korea dropped to a record low last year despite decade-long efforts to tackle the country's chronically low birthrate, a report showed Wednesday.The number of babies born in 2016 ...

Updated : 2017.02.22 13:50

Finance minister vows structural reform in face of 4th industrial revolution

The finance minister said Wednesday that his government will do its best to improve South Korea's economic and social systems to support its adaptation to the fourth industrial revolution in a timely ...

Updated : 2017.02.22 13:44

Report says Korea-US trade mutually beneficial

South Korea continues to profit from its bilateral trade with the United States, but its trade surpluses largely come from outbound shipments of intermediate goods needed by US manufacturers to produc...

Updated : 2017.02.22 09:22

[News Analysis] Exports seen improving but no time for relief, experts say

South Korea’s exports, the backbone of the country’s economy, seem on course to end their two-year losing streak this year.If they do, it will be a relief for Asia’s fourth-largest economy, whose e...

Updated : 2017.02.21 18:17

Korea ranked near bottom in women's economic empowerment

South Korea ranks among the lowest in terms of women's economic empowerment, with its pay gap between men and women estimated to need more than 100 years to close if the current pace continues, an ann...

Updated : 2017.02.21 16:15

Mercedes-Benz Korea head tapped to lead European biz community

Dimitris Psillakis, president & CEO of Mercedes-Benz Korea, has been elected as the new chairman of the European Chamber of Commerce in Korea in its regular meeting earlier this week, the chamber anno...

Updated : 2017.02.21 11:51

Chinese land ownership in Korea surges

Land owned by Chinese individuals and companies in South Korea has increased by more than five-fold over the past five years, a report showed on Tuesday.The amount of land owned by Chinese entities he...

Updated : 2017.02.21 11:01

Korea's exports jump 26.2% in first 20 days of Feb.

South Korea's exports continued their upbeat mode in the first 20 days of February, underscoring a recovery in the country's outbound shipments, the latest customs data showed Tuesday.Exports amounted...

Updated : 2017.02.21 09:37

Korea keeps watchful eye on US currency moves

South Korea needs to take more proactive and comprehensive measures to reduce risks from US President Donald Trump’s push to make major trading partners with the world’s largest economy pay the pric...

Updated : 2017.02.20 16:49

Producer price rises reach 2-year record

South Korea’s producer prices rose sharply to a two-year high in January due mainly to hikes in agricultural products prices, central bank data showed Monday.The producer price index came to 102.17 l...

Updated : 2017.02.20 15:49

Oil-related tax revenue hits record high in 2016

Oil-related tax revenue in South Korea reached a record high last year as low oil prices fueled demand for petroleum goods, government data showed Monday.The country's oil tax revenue totaled a record...

Updated : 2017.02.20 11:39

Half of new businesses end up going bankrupt within 2 years

Some 800,000 small businesses open shop annually, but about half of them go bankrupt within two years, statistics showed Monday.A report released by Statistics Korea said that among businesses that st...

Updated : 2017.02.20 11:25

Majority of Korean exporters oppose revision to commercial law

More than half of exporters in South Korea are against a proposed revision to the commercial law aimed at limiting the power of large shareholders in their respective firms that often comes at the exp...

Updated : 2017.02.20 11:23