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NK economy retreats sharpest in 2 decades in 2017: BOK

North Korea’s annual real gross domestic product in 2017 retreated 3.5 percent on-year, marking the sharpest fall in over 20 years, as sanctions on the North appear to have taken a toll on its export...

Jul 20, 2018
Economy
‘Essence of US-China trade war is to open China’s financial market’

SEOGWIPO, Jeju -- The nature of the ongoing trade war between the US and China is in Washington’s ambition to open Beijing’s financial market, a Korean expert on China’s economy said Friday. China’s...

Jul 20, 2018
Economy
Higher minimum wage feared to cut jobs for seniors

Korea's minimum wage hike is feared to deal a harsh blow to jobs for elderly people as many of them are subject to the pay regulation, sources said Friday. The government jacked up the minimum wage ...

Jul 20, 2018
Economy
S. Korea, Canada discuss joint response to US auto tariffs

South Korea and Canada have agreed to jointly deal with the United States' move to levy tariffs on foreign autos and put on a united front against the rising protectionism in global trade, Seoul's tr...

Jul 19, 2018
Economy
Moon yet to follow up on pro-business gesture

President Moon Jae-in’s recent outreach to the business community seems to have so far fallen short of gaining full confidence and cooperation from corporate officials. The local corporate circle is...

Jul 18, 2018
Economy
Korea cuts growth estimate, set to spend more for underprivileged

South Korea's government plans to increase spending to create more jobs and expand the social safety net, as Asia's fourth-largest economy is set to lose its steam down the road in the face of rising...

Jul 18, 2018
Economy
S. Korea to expand support for low-income clusters in H2

Govt, ruling party call for reinforcement of tax refunds, basic pension, job-seeking allowance

Jul 17, 2018
Economy
Minimum wage rise discord deepens

President stands by hike, albeit foregoing 10,000 won target, minister steps up objection, firms and workers remain largely split

Jul 16, 2018
Economy
Korea mulling more cash subsidies for heavier wage burden

The government is considering an increase in cash subsidies for smaller businesses in order to help ease the burden of higher payroll costs following the decision on an 11 percent minimum wage hike f...

Jul 16, 2018
Economy
Concerns rise on indebted self-employed businesses

A growing level of debt owed by self-employed businesses is becoming a ticking time bomb that hangs over the Korean economy, experts say. A continuous increase in the minimum wage amid sluggish dome...

Jul 16, 2018
Economy
Finance minister, BOK chief meet over economic conditions

South Korea's top economic and monetary policymakers met Monday to discuss an array of economic issues, such as the growing trade tussle between the United States and China and sluggish job creation....

Jul 16, 2018
Economy
Finance minister, BOK chief to meet over economic conditions

Korea's top economic and monetary policymakers are scheduled to meet early this week to discuss an array of economic issues such as the growing trade tussle between the United States and China and sl...

Jul 15, 2018
Economy
S. Korean economy vulnerable to China-US trade row: report

The escalating trade war between the US and China may have a severe effect on the South Korean economy, which has an excessively high economic dependence on its Asian neighbor, a report said Sunday. ...

Jul 15, 2018
Economy
Heads of commercial lenders see economic growth fall below 3% this year

The heads of the top five commercial banks here expect the country's economy to grow at less than 3 percent this year and rate hikes to become one of major risks facing the financial markets, a surve...

Jul 15, 2018
Economy
Overseas sales make up nearly 19% of total products sold by Korean companies: data

Overseas sales accounted for nearly a fifth of all products sold by Korean companies and the numbers are expected to continue rising in the future as countries ramp up protectionist policies, market ...

Jul 15, 2018
Economy

The Korea Herald by Herald Corporation

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