Korea to hold bilateral talks with Japan, U.S. at ASEAN gathering

The Korea Herald > Business > Economy

Samsung Electronics stock retreats after 7-day rally

[THE INVESTOR] Samsung Electronics’ stock lost 1.75 percent to close at 1,516,000 won (US$1,335.60) on July 22 in the wake of a recent sex scandal involving the firm’s chairman Lee Kun-hee.Samsung’...

Updated : 2016.07.22 18:10

Foreigners also subjected to new antigraft rules from Sept. 28

[THE INVESTOR] Foreign nationals working in South Korea will also be subjected to the new antigraft laws, the Anti-Corruption and Civil Rights Commission said on July 22. The new law, which will take ...

Updated : 2016.07.22 17:49

Main opposition links supplementary budget bill to free child care

[THE INVESTOR] The main opposition Minjoo Party of Korea on July 22 said that it will oppose the supplementary budget bill without a solution for subsidizing a free child care program. “(The party) has requested the government to provide answers regarding how the Nuri Program budget will ...

Updated : 2016.07.22 16:44

PM stresses importance of extra budget on nat'l economy

Prime Minister Hwang Kyo-ahn on Friday urged the government to beef up efforts in promoting the importance of the extra budget that will be sent to parliament for passage next month, adding it will pl...

Updated : 2016.07.22 16:40

Gov't bolsters countermeasures to deter N.K. cyberattacks

South Korea is beefing up its governmentwide countermeasures to prevent possible cyberattacks by North Korea, officials said Friday.The Ministry of Science, ICT and Future Planning said the number of cyberattacks by North Korea more than doubled in the first half of this year. The cyberatt...

Updated : 2016.07.22 15:57

Korea outlines 11 tln won extra budget plan to prop up economy

South Korea on Friday outlined an 11 trillion won ($9.64 billion) extra budget plan designed to prop up its economy facing sluggish exports and a possible fallout from corporate restructuring in key i...

Updated : 2016.07.22 15:51

Korean Cabinet OKs W11tr supplementary budget

[THE INVESTOR] The Cabinet on July 22 approved an 11 trillion won (US$9.7 billion) supplementary budget to fund the  government’s economic stimulus measures. Along with the supplementary budget, th...

Updated : 2016.07.22 15:47

[Graphic News] Telecom firms projected to record stable Q2 earnings

South Korea‘s three major telecom operators are projected to post stable earnings in the second-quarter of this year, on the strength of curbs on their marketing spending, an industry survey showed T...

Updated : 2016.07.21 17:09

[Herald Interview] 'Future growth is not in your familiar markets'

JEJU -- Economic power is shifting to Asia and Africa, with technology challenging every sector. Add to these changes, ageing populations and more people feeling left behind, unhappy and even angry at...

Updated : 2016.07.21 16:48

Minister predicts export turnaround in H2

JEJU -- Korea’s exports may swing to the positive territory in August at the earliest, Trade Minister Joo Hyung-hwan said Thursday. Speaking at a forum in the southern island of Jeju, the minister sa...

Updated : 2016.07.21 16:38

KCCI chief warns of ‘waterfall’ of antibusiness legislation

JEJU -- Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry, voiced concern over a rush of business regulations proposed by parliamentarians in the past several weeks. “This could ...

Updated : 2016.07.21 16:33

470 startups log revenue of 100 bln won or more last year

The number of Korean startups with annual revenues of 100 billion won ($87.9 million) or more surpassed 470 last year, data showed Thursday. A total of 474 startups saw their annual revenues exceed 100 billion won last year, up 14 from the previous year, according to the data jointly relea...

Updated : 2016.07.21 15:35

Finance minister says extra budget could create about 60,000 jobs

Korea's finance minister on Thursday said the planned supplementary budget could create about 60,000 jobs amid industrywide restructuring efforts.Finance Minister Yoo Il-ho also said the extra budget ...

Updated : 2016.07.21 15:18

Business lobby chief voices concern over corporate regulations

The head of the nation's leading business lobby group has expressed concerns over a set of bills designed to toughen corporate regulations, saying that they could be a big burden for the companies."A ...

Updated : 2016.07.21 14:46

Korean shares down in late morning trading

Korean shares traded lower late Thursday morning, but pared part of earlier losses on a continued rise in Samsung Electronics, the country's top market cap.The benchmark Korea Composite Stock Price Index shed 1.88 points, or 0.09 percent, to 2,013.58 as of 11:20 a.m.Large caps traded mixed...

Updated : 2016.07.21 11:25