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Shipbuilding cities to get emergency assistance

Ulsan, Geoje, Mokpo and other cities subject to additional relief plans

May 29, 2018
Economy
Dispute rising over pace, effect of minimum wage hike

The parliamentary move to revise the labor act to expand the scope of the minimum wage marks a rare legislative step that works against the interests of waged workers in the country. Under an agreem...

May 28, 2018
Economy
K-Water leads regional meeting on water problems

South Korea’s state-run Korea Water Resources Corp., or K-Water, last week chaired a key regional council meeting to discuss Asia’s water problems, as part of its initiative to alleviate water scarci...

May 27, 2018
Economy
S. Korea's Q1 growth ranks 5th among OECD nations

South Korea's economic growth rate ranked fifth among members of the Organization for Economic Cooperation and Development in the first quarter of the year, a sharp turnaround from three months earli...

May 27, 2018
Economy
Korea to maintain 3% growth target despite doubts: minister

South Korea’s economy will remain on its course to a 3 percent growth this year, the nation’s top economic policymaker said Thursday, downplaying lower forecasts by think tanks on sluggish employment...

May 24, 2018
Economy
BOK freezes policy rate at 1.5% for May

South Korea's central bank on Thursday held its key rate steady for May amid signs of an economic downturn and low inflation pressure. In a widely expected move, the monetary policy board of the Ban...

May 24, 2018
Economy
Value of shares owned by 30 richest stockholders in Korea declines 5%

The combined value of shares owned by South Korea's 30 richest stockholders dropped 5 percent compared with the beginning of the year, industry data showed Tuesday. As of Monday, the combined value ...

May 22, 2018
Economy
Different economic diagnoses confuse markets

Key economic officials have recently expressed different views on the performance of the Korean economy, leaving market watchers confused about their intended policy direction. (Yonhap) Last week s...

May 21, 2018
Economy
Korea to spend extra budget to create more youth jobs

SEJONG -- South Korea will make use of an extra budget as soon as possible to create new jobs for young people and help industrial regions grappling with massive layoffs, the finance ministry said Mo...

May 21, 2018
Economy
Foreign funds in Korea more than double over decade

The number of foreign funds investing in the South Korean stock market has more than doubled over the decade, exceeding the 20,000 mark this year, the financial watchdog said Monday. A total of 21,3...

May 21, 2018
Economy
Number of new hires in small retail, wholesale jobs falls in Q1

The total number of people finding work in the country's small retail and wholesale sectors fell in the first quarter, a report by a local think tank showed Sunday. (Yonhap) The findings by the Kor...

May 20, 2018
Economy
Panel to look into minimum wage's impact on jobs

The government will look into the impact of the minimum wage hike on employment, amid a heated debate over whether the increase is actually hurting entry level jobs and weighing down the local econom...

May 20, 2018
Economy
BOK to hold key rate steady at upcoming monetary meeting: Moody's

South Korea's central bank is expected to freeze its policy rate at the current 1.5 percent at its upcoming monetary meeting due to low inflation pressure and the sluggish job market, a market watche...

May 20, 2018
Economy
Households' overseas spending rises up

South Koreans increasingly travel abroad, leading to annual rises in householding spending overseas. (Yonhap) South Korean households’ overseas spending rose 18.9 percent in the fourth quarter from ...

May 19, 2018
Economy
S. Korea may face continued US trade pressure: experts

South Korea is feared to continue to face US trade pressure despite the amendment of a bilateral free trade deal and the recent settlement of a row over steel imports, experts said Friday. In late M...

May 18, 2018
Economy

The Korea Herald by Herald Corporation

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