JYJ week is fun and enjoyable, Junsu says

The Korea Herald > Business > Economy

S. Korea's exports grow 5.7 pct in July

South Korea's exports grew from a year ago last month with imports also rising at a similar pace, the government said Friday.Outbound shipments amounted to US$48.42 billion in July, up 5.7 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.Import...

Updated : 2014.08.01 09:59

Korea’s energy imports decline in second quarter

South Korea’s imports of energy declined slightly in the second quarter of 2014 from a year earlier, customs data showed Thursday.According to the data by the Korea Customs Service, South Korea imported $34.35 billion worth of energy during the April-June period, down 1.7 percent from the...

Updated : 2014.07.31 21:03

Shares set new yearly high

South Korean stocks closed higher Wednesday to set another yearly record as investor sentiment was boosted by the government’s latest economic stimulus package, analysts said. The South Korean won slightly rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI...

Updated : 2014.07.30 22:35

Korea to inject 26tr won in H2: finance minister

The government will inject about 26 trillion won ($25.3 billion) in the form of fiscal measures and policy financing during the remainder of this year to help the slowing economic recovery, the finance minister said Wednesday.“In order to carry out diverse policy measures in a speedy mann...

Updated : 2014.07.30 21:22

Overseas travel spending hits new high in June

Overseas travel spending soared to a record high in June as South Koreans continued to flock to foreign destinations despite a prolonged slump in domestic demand, central bank data showed Wednesday.Overseas travel spending totaled $1.7 billion in June, growing 23.3 percent from the previou...

Updated : 2014.07.30 21:22

IMF urges S. Korea to limit foreign exchange intervention

The International Monetary Fund(IMF) urged South Korea to refrain from stepping into the foreign exchange market in its report released Tuesday, saying the appreciation of the country's currency is caused by its large trade surplus and excessive foreign reserves. In an external sector repo...

Updated : 2014.07.30 13:59

S. Korea to inject 26 tln won in H2 for economic recovery: minister

The government will inject about 26 trillion won (US$25.3 billion) in the forms of fiscal measures and policy financing during the remainder of this year to help the slowing economic recovery, the finance minister said Wednesday."In order to carry out diverse policy measures in a speedy ma...

Updated : 2014.07.30 11:19

S. Korea's industrial output grows 2.9 pct on-month in June

South Korea's industrial output grew at the fastest pace in four years and nine months in June, raising expectations that the economic recovery might be gaining some momentum, a government report showed Wednesday. According to the report by Statistics Korea, production in the mining, manuf...

Updated : 2014.07.30 11:06

Overseas travel spending hits new high in June

Overseas travel spending soared to a record high in June as South Koreans continued to flock to foreign destinations despite a prolonged slump in domestic demand, central bank data showed Wednesday.Overseas travel spending totaled US$1.7 billion in June, growing 23.3 percent from the previ...

Updated : 2014.07.30 11:05

S. Korea mulling easing daily limit in stock market

South Korea is pushing to ease or lift the current daily limit imposed on stock price movements as part of efforts to stimulate the country's stock market, a local media report said Wednesday.According to the daily JoongAng Ilbo, who cited sources from financial authorities, the government...

Updated : 2014.07.30 10:52

Stocks up on stimulus

Korean stocks closed higher Tuesday to pass the 2,060 mark for the first time in three years on improved economic data from China, with Seoul’s latest stimulus package also lending support, analysts ...

Updated : 2014.07.29 21:04

[Graphic News] Korea’s Big Mac index rises 15.3%

The Big Mac index for South Korea rose to 4.0, up from 3.47 early this year, according to data released by The Economist on Tuesday. The index for South Korea was the 28th highest among 57 countries, ...

Updated : 2014.07.29 21:00

Local business sentiment drops to 6-month low

South Korea’s major companies are disappointed by the long-deferred economic recovery stemming from unfavorable exchange rates and sluggish consumer demand due to the ferry disaster, a poll showed Tuesday.The Business Survey Index came to a six-month low of 91.6 for August, down from 94 f...

Updated : 2014.07.29 20:48

S. Korea's current surplus slips in June

South Korea extended its current account surplus to a 28th consecutive month in June but saw the figure slip from the previous month as the surplus for goods narrowed, central bank data showed Tuesday.The current surplus reached US$7.92 billion last month, compared with a revised $9.08 bil...

Updated : 2014.07.29 10:25

[Graphic News] Younger people pay more, receive fewer benefits from public services

Members of South Korea’s younger generation are likely to receive less than what they paid into public benefits, a report showed Monday, highlighting the government’s demographic dilemma of having t...

Updated : 2014.07.28 21:22