STX Shipbuilding files for court-led restructuring

The Korea Herald > Business > Economy

Manufacturers' sales fall for second consecutive year

South Korean companies suffered a further setback last year following a sluggish 2014, with manufacturers grappling with sales reductions amid the global economic slowdown, a report showed Friday. Sales by 19,638 companies whose assets were valued over 12 billion won ($10.1 million) slippe...

Updated : 2016.05.27 15:36

[Graphic News] Polarization of small and big firms widens

The wage gap between small businesses and conglomerates is widening, indicating increased polarization between the two groups, according to a report released by the Korea Federation of Small and Mediu...

Updated : 2016.05.26 18:09

Number of Koreans changing residences drops in April amid economic slowdown

The number of people changing their place of residence sank 13 percent in April from a year earlier, the state statistics agency said Thursday, amid a protracted economic slump and soaring housing pri...

Updated : 2016.05.26 15:37

New housing permits jump 16% in April

New housing permits in South Korea spiked 16 percent from a year earlier in April, data showed Thursday, amid government efforts to prop up the local real estate market.The number of new home permits ...

Updated : 2016.05.26 14:39

Salaries at top tier firms more than double of bottom tier: data

Employees at South Korea's top 30 percent of companies in terms of sales are getting paid more than double the salaries of their counterparts in the bottom 30 percent, according to an analysis release...

Updated : 2016.05.26 10:15

Korea's consumer sentiment dips to 3-month low in May

South Korea's consumer sentiment fell in May from a month earlier with more people expecting worsening conditions for their livelihoods down the road in the wake of revamps in the corporate sector, ce...

Updated : 2016.05.26 09:31

BOK chief says credibility of GDP figures falling

South Korea's central bank will develop a supplementary economic indicator to offset the limitations of gross domestic product figures, its chief said Wednesday, attributing their falling credibility ...

Updated : 2016.05.25 15:42

IMF team to visit Seoul for annual meeting

A team of officials from the International Monetary Fund will visit South Korea this week to assess its economic conditions and exchange opinions on economic, financial and fiscal policies, the financ...

Updated : 2016.05.25 14:45

Cargo handling at seaports down 1.2 pct in April

The amount of cargo processed at Korea's seaports slipped 1.2 percent in April from a year earlier due to a drop in the transport of soft coal and vehicles, the government said Wednesday.The volume of...

Updated : 2016.05.25 13:17

Corporate concern rising on incoming parliament

Corporate executives now seem as jittery as government officials about a controversial bill that will allow lawmakers to hold hearings more frequently.The revision to the National Assembly Act, which ...

Updated : 2016.05.25 11:30

Exports to China continue to slide in near record-long streak

Korea's exports to China in April marked a 10th month of sliding downwards, the longest skidding streak since the 2008-2009 global financial crisis, trade figures showed Wednesday.The Korea Internatio...

Updated : 2016.05.25 10:30

Ratio of short-term debt to foreign reserves hits over 11-year low in Q1

The ratio of Korea's short-term foreign debt to its foreign reserves fell to the lowest level in over 11 years in the first quarter on the back of a fall in borrowing by local banks and a fall in fore...

Updated : 2016.05.25 10:15

Korea to launch FTA negotiations with Israel next month

Korea said Tuesday that it has come to an agreement with Israel to begin negotiations next month on a free trade deal that could further boost bilateral trade.The first round of negotiations is set fo...

Updated : 2016.05.24 14:23

KDI cuts 2016 growth outlook to 2.6 pct

Korea's top state-run think tank revised down its growth outlook for the local economy Tuesday, citing a continued slump in exports and sluggish demand at home and abroad.The Korea Development Institu...

Updated : 2016.05.24 13:47

[Graphic News] Domestic gas prices continue to rise

Gasoline prices in the nation are steadily rising in line with global oil prices that are showing signs of increase, data showed Sunday. The average price of gasoline was 1,393.79 won per liter on May...

Updated : 2016.05.23 18:38