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The Korea Herald > Business > Economy

Korea's economy facing uncertainties despite signs of recovery

South Korea's economy is still facing uncertainties, although it has shown signs of recovery, the nation's financial regulator said Friday. The South Korean economy expanded 0.9 percent in the first-q...

Updated : 2017.04.28 15:47

Govt. moving to check Trump's statement to scrap Seoul-Washington FTA

The South Korean government is trying to figure out the exact meaning of US President Donald Trump's statement that he will fix or scrap a bilateral free trade deal between the two countries, official...

Updated : 2017.04.28 15:33

Trump's remarks on FTA with Korea could trigger protectionism: biz lobby

South Korean businesses on Friday expressed serious concerns that US President Donald Trump's remarks on the bilateral free trade deal could trigger protectionism worldwide. In an interview with Reute...

Updated : 2017.04.28 15:29

BOK to keep monetary easing policy to support growth

South Korea's central bank pledged Friday to keep the current monetary easing policy to support growth in Asia's fourth-largest economy. For this month, the Bank of Korea kept its key rate at an all-t...

Updated : 2017.04.28 12:07

ASEM economic ministers to discuss measures against trade protectionism

Joint countermeasures against trade protectionism will be a central agenda item at an economic ministerial meeting of Asian and European countries in Seoul later this year, trade ministry officials sa...

Updated : 2017.04.28 10:53

Sharing economy expands presence in Korea

Lee Eun-hee, a 38-year-old lawyer, decided to visit Osaka in Japan with a friend in early November last year and set a new motto for this trip: spend less money on sleeping and focus more on eating an...

Updated : 2017.04.28 09:34

Korea's seaport cargo up 3.8% in Q1

Cargo processed at South Korean seaports rose slightly during the first three months of 2017 from a year earlier amid a steady increase in exports, government data showed Friday.Cargo handled at the c...

Updated : 2017.04.28 09:24

Korea's manufacturing sentiment up for May

South Korean manufacturers' business sentiment for next month improved slightly as local companies expect steady gains in domestic demand and exports, data by the central bank showed Friday.The busine...

Updated : 2017.04.28 09:23

Korea to sell W7.75tr state bonds in May

South Korea plans to sell a combined 7.75 trillion won ($6.84 billion) in state bonds next month, the finance ministry said Thursday.The government will issue 1.8 trillion won in bonds with a maturity...

Updated : 2017.04.27 17:23

Kospi hits another record high

South Korea‘s benchmark Korea Composite Stock Price Index hit another record high for 2017 Thursday, thanks to individual investors’ buying, offsetting its weak start earlier affected by Samsung’s ...

Updated : 2017.04.27 17:05

FTA with Vietnam to boost exports on tariff removals

The three-year-old free trade agreement with Vietnam will allow South Korean companies to further increase their auto, steel and petrochemical exports on tax removal or cuts, customs experts said Thur...

Updated : 2017.04.27 16:27

Number of unemployed elderly hits record high: data

The number of unemployed people aged 65 or older hit a record high in recent months, government data showed Thursday, amid the lack of proper job openings for senior citizens,m whose number has been g...

Updated : 2017.04.27 13:08

Supplementary budget seems unlikely option

Attention is being drawn to whether a new administration to be installed following the May 9 presidential election will push to draw up a supplementary budget this year.With the country’s economy sho...

Updated : 2017.04.27 12:52

Industrial power consumption grows for 5 straight quarters in Q1

South Korea's industrial electricity consumption rose for five straight quarters in the first three months of the year on a sharp upturn in the chipmaking and chemical sectors, the government said Thu...

Updated : 2017.04.27 12:43

GDP growth accelerates in Q1 on strong exports, investment

South Korea’s economy grew at a faster pace in the first three months of the year on the back of robust exports and stronger-than-expected investment in construction and facilities, the central bank ...

Updated : 2017.04.27 12:39