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The Korea Herald > Business > Economy

Korea’s economy grows 0.9% in first quarter

The Korean economy grew 0.9 percent in the first quarter from three months earlier as exports of tech and petrochemical products gained ground, the central bank said Thursday.The first-quarter growth ...

Updated : 2014.04.24 20:52

Farming households’ debt grows for 2nd straight year in 2013

Debt owed by South Korea’s farming households increased for the second straight year in 2013, a report showed Thursday, suggesting that their livelihoods remain tough.According to the report by Statistics Korea, the average amount of debt of farming households stood at 27.36 million won (...

Updated : 2014.04.24 20:50

S. Korean economy grows 0.9% on-quarter in Q1: BOK

The South Korean economy grew 0.9 percent in the first quarter from three months earlier as exports and construction investment gained ground, the central bank said Thursday.The first-quarter growth of Korea's gross domestic product, the broadest measure of economic performance, matched th...

Updated : 2014.04.24 10:12

Korea’s trade terms improve in March

South Korea’s terms of trade improved in March from a year earlier as import prices fell at a faster pace than export prices, the central bank said Tuesday.The country’s net terms-of-trade index for goods ― a gauge of trade terms ― came in at 88.98 in March, up 1.1 percent from the pre...

Updated : 2014.04.22 20:57

Income gap widens between companies and households

The income gap between Korean households and companies has widened over the past five years to indicate that despite the country’s robust economic growth, individuals do not have more to spend, data from the central bank showed Monday.Local companies’ disposable income grew more than 80 ...

Updated : 2014.04.21 21:32

Korea allows KORAIL chief to visit N. Korea

South Korea decided to allow the chief of its state rail operator to visit North Korea this week for an international rail conference, the unification ministry said Sunday.The ministry said it approve...

Updated : 2014.04.20 15:24

[Weekender] Consumers will become next producers

Somewhere between evolving technologies and the creative economy paradigm is an emerging consumer trend characterized by three words: do it yourself.Market trend analysts are finding that consumers of...

Updated : 2014.04.18 21:24

Growing elderly population big risk for economy: HSBC

The country appears to have already transitioned into an aging society and the rapid growth of the elderly population could be the biggest potential challenge for economic growth in the next few decad...

Updated : 2014.04.16 20:33

Stocks close flat on China’s GDP report

Stocks on the local bourse ended flat after the market fluctuated throughout Wednesday on China’s latest gross domestic product report, analysts said. The benchmark Korea Composite Stock Price Index ended at 1,992.21, up 0.06 point from Tuesday. Trading volume was light at 224 million sha...

Updated : 2014.04.16 20:31

Vocational education eyed as remedy for youth unemployment

The Finance Ministry announced Tuesday that it would provide young jobseekers with more opportunities by benchmarking the Switzerland-based vocational education system.While the Swiss apprenticeship f...

Updated : 2014.04.15 21:21

Gov't seeks to introduce apprenticeship to boost youth employment

The South Korean government said Tuesday it will introduce an apprenticeship system similar to that of Switzerland where students can receive education or training while also working, a move aimed at boosting the country's youth employment rate.The measure is an effort to improve the count...

Updated : 2014.04.15 10:47

[Graphic News] Income divide widening among salaried workers

The number of salaried Korean workers earning over 100 million won ($96,200) a year and those earning less than an annual 30 million won both rose over a span of four years, according to government da...

Updated : 2014.04.14 20:42

[SUPER RICH] Korea vs. U.S.: Executive salary gap

The nation appears to still be reeling after the staggering salaries received by executives at local conglomerates were revealed.The companies recently reported on the annual salaries paid to these ex...

Updated : 2014.04.14 20:21

Gap widening between GDP growth, sentiment

The Bank of Korea’s recent data showed that the gap between the nation’s overall economic growth and ordinary people’s sentiments is likely to widen in 2014.The central bank has been unveiling an a...

Updated : 2014.04.13 20:09

Korea seeks to remove non-tariff barriers set by its main trade partners

The trade ministry said Sunday that it is seeking ways to remove non-tariff barriers set by its main trade partners on concerns they may sap Seoul's overseas shipments.China topped the list with 35 cases of non-tariff barriers, followed by the U.S. with 31 and Japan with 31, according to t...

Updated : 2014.04.13 15:32