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Pyeongtaek Port manager receives logistics award

Kim Jeong-hun, general manager of PR and marketing at Gyeonggi Pyeongtaek Port Corp., received on Friday a ministerial citation from the Ministry of Land, Infrastructure and Transport at the Korea Log...

Updated : 2014.10.31 20:14

Finance minister stresses measures to reignite economy

South Korea's finance minister on Friday said efforts to reinvigorate the economy are in the early stages and stressed more action is needed before the general public can feel tangible results.In a letter sent to ministry employees, Choi Kyung-hwan compared the current state of affairs to ...

Updated : 2014.10.31 10:40

[Graphic News] Korea logs record tourism profitsTourism

South Korea achieved record-high tourism income in September, due to an increase in the number of Chinese visitors, according to data by the Bank of Korea and the Korea Culture and Tourism Institute.T...

Updated : 2014.10.30 21:41

(Photo News) Vision of Pyeongtaek Port

The Gyeonggi Pyeongtaek Port Corporation invited key consignors to its 2014 business vision briefing held at the Plaza Hotel on Thursday. Herald Corp. CEO Lee Young-man (fourth from left), Gyeonggi Pr...

Updated : 2014.10.30 21:25

Korea’s national debt expected to spike under Park government

South Korea’s national debt is expected to increase by about 216 trillion won ($206.3 billion) during the five-year term of President Park Geun-hye, data showed Wednesday, underlining growing concerns over mounting debt problems facing the country. According to the data, South Korea’s na...

Updated : 2014.10.29 21:10

Korea ranks 5th in biz environment: World Bank

South Korea ranked fifth in terms of business environment this year thanks to improvements in regulations and the system for starting a business, granting construction permits and protecting minor investors, the Finance Ministry said Wednesday.The ranking by the World Bank rose by two notc...

Updated : 2014.10.29 21:10

Seoul shares jump on Fed optimism, eased corporate uncertainty

South Korean stocks jumped to a three-week high on Wednesday as investor sentiment was cheered by the U.S. Fed's dovish movement and eased uncertainty about corporate earnings, analysts said. The Korean won gained ground against the U.S. dollar.The benchmark Korea Composite Stock Price Ind...

Updated : 2014.10.29 17:08

S. Korean economy to grow 3.7 pct next year: think tank

A South Korean think tank on Wednesday forecast the country's economy to grow 3.7 percent next year, lower than the central bank's projection of 3.9 percent.In its more conservative forecast, the Korea Institute of Finance (KIF) said growth is expected to reach 3.6 percent in the first hal...

Updated : 2014.10.29 17:04

Card spending growth highest in almost 2 years

South Korea's credit card spending grew in the third quarter at the sharpest pace in almost two years, data showed Wednesday, pointing to a recovery in domestic demand from the deep trough that followed April's deadly ferry disaster.Purchases made with credit cards reached 147.17 trillion ...

Updated : 2014.10.29 10:30

S. Korea's national debt expected to spike under Park government

South Korea's national debt is expected to increase by about 216 trillion won (US$206.3 billion) during the five-year term of President Park Geun-hye, data showed Wednesday, underlining growing concerns over mounting debt problems facing the country. According to the data, South Korea's n...

Updated : 2014.10.29 10:28

S. Korea ranks 5th in biz environment: World Bank

South Korea ranked fifth in terms of business environment this year thanks to improvements in regulations and the system for starting a business, granting construction permits and protecting minor investors, the finance ministry said Wednesday.The ranking by the World Bank rose by two notc...

Updated : 2014.10.29 10:24

Number of irregular workers hits all-time high in August

The number of irregular workers in South Korea grew to an all-time high in August, with much of the increase coming from those in their 60s and older, government data showed Tuesday. The number of workers employed on a temporary or time-based contract came to 6.08 million in August, up 2.2...

Updated : 2014.10.28 21:05

S. Korea's debt levels exceed WEF standards: data

Debt owed by South Korea's individuals, businesses and the government last year all exceeded the "critical points" set by an international organization, data showed Tuesday, indicating that the country's debt problems are deteriorating and restraining economic growth.According to the data ...

Updated : 2014.10.28 09:54

Global biz leaders to discuss aging society in Seoul

A group of global business leaders and economists will get together in Seoul later this week to discuss the issue of the aging population and come up with ways to utilize senior workers for economic growth, the city government said Monday.The 2014 meeting of the Seoul International Busines...

Updated : 2014.10.27 20:29

S. Korea should improve overall economic fundamentals: finance minister

The stimulus measures that the government has announced over the past few months were aimed at restoring confidence, the finance minister said Monday, adding that the longer-term objective is to improve overall economic fundamentals. Since taking office in July, Finance Minister Choi Kyun...

Updated : 2014.10.27 14:36