Hyundai Heavy’s revival plans will put it in the clear: Samil PwC

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[Contribution] Korea seeks to share reforestation skills at WFC in 2021

The Rio Olympics, long-awaited for four years, will kick off in August, and two years later, PyeongChang is set to host the Winter Olympics. Taking a look at how the Olympic Games are put together, th...

Updated : 2016.07.26 16:51

Seoul makes bid to host 2021 World Forestry Congress

The Korea Forest Service submitted a bid last week to host the 15th World Forestry Congress in Seoul, officials said.The WFC, also known as the “Olympics of Forestry District,” is the largest intern...

Updated : 2016.07.26 16:49

Korean economy grows 0.7% in Q2

South Korea’s economy grew 0.7 percent in the second quarter of this year, remaining in zero percent growth territory for three straight fiscal quarters, according to the Bank of Korea on Tuesday.Eve...

Updated : 2016.07.26 16:22

Cruise travelers to Korea more than double in H1

The number of foreigners who visited South Korea via cruise ship more than doubled in the first half from a year ago, helped by a rising influx of travelers from China, the maritime ministry said Tuesday. A total of 899,539 passengers, including 246,783 crewmembers, arrived at four ports i...

Updated : 2016.07.26 15:42

Gov't submits extra budget plan to parliament

The South Korean government submitted its extra budget plan aimed at revitalizing the national economy to the parliament on Tuesday, as the ruling and opposition parties remain divided over the details of the support measures.The bill, tentatively slated to pass on Aug. 12, focuses on allo...

Updated : 2016.07.26 14:23

Korea's seaport cargo grows 2% in June

The volume of cargo processed at South Korea's seaports increased almost 2 percent on-year in the first half of 2016, government data showed Tuesday.Cargo handled at the country's seaports totaled 739.77 million tons during the six months, up 1.9 percent from a year earlier, according to t...

Updated : 2016.07.26 14:16

Korea seeking for turnaround in exports in H2

South Korea on Tuesday unveiled a set of measures to try to create a turnaround in exports in the second half of this year.South Korea's exports fell 10 percent in the January-June period, compared to a year earlier. June also marked the 18th consecutive monthly decline in exports since Ja...

Updated : 2016.07.26 14:11

Korea's economy grows 0.7% in Q2 on improved consumption, exports

South Korea's economy posted improved growth in the second quarter on increased exports and consumption, central bank data showed Tuesday.In the three months that ended June 30, the country's gross do...

Updated : 2016.07.26 10:05

Electricity usage hits summer-time high amid heat wave

South Korea's electricity consumption hit a summer-time high on Monday, with fans and air conditioners running at full blast nationwide amid sweltering heat.The maximum electricity load shot up to 80....

Updated : 2016.07.25 17:42

Korean trade minister sees further drop in exports due to labor strike

South Korea's exports may continue to drop from a year earlier this month partly due to a series of labor strikes at major automakers, its trade minister said Monday.While meeting with reporters in Se...

Updated : 2016.07.25 17:29

Increased calls for overhaul of taxation scheme

A draft tax code revision for next year, which is to be announced by the government this week, is expected to leave the existing taxation scheme largely intact.Opposition lawmakers have recently submi...

Updated : 2016.07.25 16:49

[Monitor] N. Korea’s economy shrinks 1.1%

North Korea’s economy is estimated to have contracted 1.1 percent last year on negative growth in most industries, South Korea’s central bank said. This is the first negative growth seen by the comm...

Updated : 2016.07.25 16:42

Korea to attend int'l trade fair in Kazakhstan in 2017

South Korea will attend an international trade fair to be held in the capital city of Kazakhstan next year to promote Korean-made goods in the world market, the trade ministry here said Monday.The Ast...

Updated : 2016.07.25 11:12

UAE, Korea building ties via cultural, economic cooperation

South Korea and the United Arab Emirates are expected to further expand their ties through cultural and economic exchanges with the Asian country's presence in the Middle Eastern country also looming ...

Updated : 2016.07.25 10:51

Card issuers post 0.15% net profit gain in H1

South Korea's four major credit card firms posted a 0.15 percent year-on-year gain in net profit for the January-June period, data showed Monday.The combined net profit of the companies -- Shinhan Car...

Updated : 2016.07.25 10:25