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Prices of high-consumption processed foods rise on-year

The price of sugar rose 11 percent in January from a year earlier as the cost of widely consumed processed foods increased overall, the Korea Consumer Agency said Monday. A survey of 26 items in the...

Feb 18, 2019
Economy
[Monitor] LG Uplus’ CJ Hellovision acquisition to change pay TV landscape

On Thursday last week, LG Uplus’ board of directors approved a plan for the company to purchase 50 percent plus one share of CJ Hellovision from its holding company, CJ ENM. LG Uplus will become the...

Feb 17, 2019
Economy
ICT is key to innovation in customs administration: KCS

Fast-paced technological advancement and mounting challenges in the global trade environment have been pushing companies to reinforce their supply chain system and governments to innovate their custo...

Feb 17, 2019
Economy
Korea's coffee imports fall in 2018 for 1st time in 6 years

South Korea's imports of coffee declined last year for the first time since 2012, suggesting that the boom of coffee shops might have peaked, data showed Sunday. Imports of coffee fell to 143,000 to...

Feb 17, 2019
Economy
Korea’s current account extends 21-year surplus in 2018: BOK

South Korea’s current account surplus extended its surplus for 21 years straight in 2018, on the back of improved service accounts and record-high exports, central bank data showed Friday. The month...

Feb 15, 2019
Economy
S. Korea's current account reaches eight-month low in Dec.: BOK

South Korea's monthly current account surplus hit an eight-month low in December on slowing exports, central bank data showed Friday. The country's current account surplus came to $4.82 billion in D...

Feb 15, 2019
Economy
[Monitor] 1 in 5 Koreans at risk of smartphone addiction

One in 5 South Koreans face the risk of becoming addicted to smartphone use, according to a poll by the Ministry of Science and ICT. Of 28,575 people between 3 and 69 years old, 19.1 percent fell in...

Feb 14, 2019
Economy
S. Korea’s unemployment rate hits 4.5% in January

Jobless rate hits record-high for January since aftermath of global financial crisis

Feb 13, 2019
Economy
S. Korea's jobless rate rises to 4.5% in January

South Korea's jobless rate rose to 4.5 percent in January as the pace of hiring slowed, government data showed Wednesday, in the latest sign of an economic slowdown in Asia's fourth-largest economy. ...

Feb 13, 2019
Economy
[Photo News] Most expensive land in Korea

(Yonhap) The Ministry of Land, Infrastructure and Transport has revealed Tuesday that the most expensive real estate in South Korea is the Nature Republic cosmetics store located in Myeong-dong, Seo...

Feb 12, 2019
Economy
[Monitor] Samsung expected to pay $15b corporate tax this year

Samsung Electronics is expected to cough up some 16.8 trillion won ($15 billion) in corporate tax this year, its regulatory briefing showed. This is up 20.1 percent from the previous year, and 2.4 ti...

Feb 12, 2019
Economy
Korean sales-to-inventory ratio rising: data

Inventory of South Korean manufacturers has increased to its highest point in 10 years, data showed Monday, a likely sign of a dulled economy. Figures obtained from the Korea Center for Internationa...

Feb 11, 2019
Economy
[News Focus] 9 provinces invigorated by brisk agricultural exports

SEJONG -- South Korea’s nine provinces are competing to step up outbound shipments of agricultural products amid growing demand from a variety of overseas buyers, including Southeast Asian countries....

Feb 10, 2019
Economy
[News Focus] Korea-China-Japan FTA still long way to go

SEJONG - The North American Free Trade Agreement is estimated to have much contributed to development of the commerce segment in the continent as one of the world’s main trade blocs. Though US Presi...

Feb 7, 2019
Economy
[Monitor] Apartment transactions in Seoul hit 6-year low

Apartment transactions in Seoul sank to a six-year low in January from a year earlier, according to data from the land administration department of the Seoul Metropolitan Government. The number of a...

Feb 7, 2019
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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