Gaza 12-hour humanitarian truce enters into force

The Korea Herald > Business > Economy

New cross-shareholding ban takes effect

South Korea’s antitrust watchdog on Friday launched a ban on any new cross-shareholding investment among the affiliates of conglomerates, a move aimed at improving governance of the nation’s leading family-controlled conglomerates.With the new ruling, the Fair Trade Commission is able to...

Updated : 2014.07.25 21:39

Growth slows to 0.6% on weak consumption

The South Korean economy expanded 0.6 percent in the second quarter from three months earlier, growing at the slowest pace in five quarters as sluggish consumption sapped growth, central bank data sho...

Updated : 2014.07.24 21:50

U.S. Chamber of Commerce chief urges FTA implementation

The head of the U.S. Chamber of Commerce on Thursday called for the faithful implementation of the free trade agreement between South Korea and the United States to improve the global competitiveness ...

Updated : 2014.07.24 21:10

EU delays decision on Korea’s IUU fishing status

The European Union’s legislative commission on Wednesday postponed its decision on whether to designate South Korea as a country conducting illegal deep-sea fishing on the heels of heightened efforts from the local government to hold off related sanctions. “After the European Commission ...

Updated : 2014.07.24 21:08

EU delays decision on designating Korea an illegal fishing country

 The European Union on Wednesday postponed its decision on whether to designate South Korea as a country conducting illegal fishing in the deep oceans on the heels of heightened efforts from the government here to hold off related sanctions.  “After the European Commission had warned th...

Updated : 2014.07.24 13:44

S. Korea revises down growth outlook to 3.7 pct for this year

South Korea's economy will grow 3.7 percent in 2014, the government predicted Thursday, revising down its previous estimate as it worried that anemic consumption and slowing exports growth could hurt its overall economic recovery.The latest estimate is lower than the 3.9 percent gain the g...

Updated : 2014.07.24 11:39

Seoul shares take breather after hitting yearly high

South Korean stocks took a breather Wednesday after hitting a yearly high the day before, closing flat from net selling by institutions and private investors, analysts said. The local currency rose against the U.S. dollar. Starting the day in negative territory, the benchmark Korea Composi...

Updated : 2014.07.23 19:50

Average dividend yield for top business groups significantly low

The dividend yield ratio of South Korea’s top 10 business groups averaged 0.8 percent last year, delivering even less than interest on bank deposits, industry data showed Wednesday.The 92 affiliates of the country’s top 10 conglomerates paid 7.29 trillion won ($7.13 billion) in dividends...

Updated : 2014.07.23 19:50

[Kim Ji-hyun] The art of criticism

A couple nights ago, I had dinner with a best-selling author who complained that people were constantly bad-mouthing him behind his back. He bemoaned the fact that these people never approached him in...

Updated : 2014.07.23 19:41

Government, businesses differ on cash reserve tax

Finance Minister Choi Kyung-hwan and the nation’s business leaders met on Tuesday, agreeing to work together in boosting investment and alleviating government regulations.However, tension lingered as the two parties remained at odds on Choi’s plans to impose taxes on excessive corporate ...

Updated : 2014.07.22 21:29

Seoul shares hit yearly high on policymakers’ growth pledge

South Korean stocks ended at a yearly high Tuesday, bolstered by market expectations that economic policymakers are focused on fueling economic growth. The local currency rose against the U.S. dollar. Starting the day in positive territory, the benchmark Korea Composite Stock Price Index f...

Updated : 2014.07.22 21:06

Large-cap stocks tight-fisted in dividend payouts: data

South Korea’s large-cap stocks lag behind their smaller local rivals in terms of both dividend payout ratio and dividend yield ratio despite their huge cash reserves, data showed on Tuesday.SK Telecom Co. and KT&G Corp. were the only large-cap shares among the 41 local stocks whose divide...

Updated : 2014.07.22 21:05

Foreign direct investment to Korea jumps 30% in H1

New foreign direct investment pledged to South Korea surged significantly from a year earlier in the first half on a large increase in fresh investment pledges from China, the government said Tuesday.In the first six months of the year, the amount of new FDI pledged to the country came to ...

Updated : 2014.07.22 21:05

Korean households’ financial investments remain low: data

South Korean households’ financial investments lag far behind those of the United States as they focus more on property and bank deposits, data showed Monday.Cash and bank deposits accounted for a large 45.5 percent of South Korean households’ financial assets in 2013, compared to 12.5 p...

Updated : 2014.07.21 20:15

Seoul shares dip as institutions offload

South Korean stocks dipped for the second session in a row Monday as institutions offloaded shares amid worries over second-quarter earnings reports. The local currency rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index started the day on a positive note and rose...

Updated : 2014.07.21 20:07