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S. Korea’s industrial output, investments mark 2-month fall in December

CCI and CLI both extend into 7th monthly decline, indicating sluggish upcoming year

Jan 31, 2019
Economy
Korea's industrial output dips 0.6% on-month in December

South Korea's industrial output fell 0.6 percent in December from a month earlier due in part to decreased exports of cars and semiconductors, government data showed Thursday. The data compiled by S...

Jan 31, 2019
Economy
[Monitor] Korea vows to create new innovative cities

The South Korean government has decided to promote specific business interests by city and region for the sake of balanced regional development, injecting some 56 trillion won ($50.1 billion) over th...

Jan 30, 2019
Economy
Seoul studio apartment rent prices highest in December, lowest in April

The monthly rental price of one-room studio apartments in Seoul was highest in December and lowest in April last year, according to data released by South Korea’s real estate and housing listing site...

Jan 30, 2019
Economy
Korea to come up with measures to boost exports

South Korea's finance minister said Wednesday that the government will come up with measures next month to boost exports amid concerns that overseas shipments would contract in January from a year ea...

Jan 30, 2019
Economy
Trade ministry to thoroughly prepare for Brexit uncertainties

South Korea's trade ministry said Wednesday it will thoroughly prepare for the anticipated departure of Britain from the European Union to minimize potential negative impacts on local exporters. The...

Jan 30, 2019
Economy
President Moon to meet economic advisers amid looming slowdown

President Moon Jae-in was set to hold a meeting with his top economic advisers Wednesday as his government is apparently struggling to keep the local economy from slowing down. The meeting will be h...

Jan 30, 2019
Economy
Korea to start exports of Kyoho grapes to Australia

South Korea's agricultural ministry said Wednesday it has won approval from its Australian counterpart to ship Korean Kyoho grapes there starting this year. The Ministry of Agriculture, Food and Rur...

Jan 30, 2019
Economy
KOTRA withdraws Venezuela office amid turmoil

The state-run Korea Trade-Investment Promotion Agency has decided to withdraw from Venezuela amid the escalating political turmoil, sources said Wednesday. According to official insiders, KOTRA plan...

Jan 30, 2019
Economy
Korea greenlights fast-track process for W24.1tr worth of state-led projects

Cabinet waives feasibility test for nonmetropolitan SOC projects, citing balanced regional growth

Jan 29, 2019
Economy
[News Focus] World’s 6th-largest exporter faces hurdles in early 2019

SEJONG -- The government and the business sector are closely watching indexes related to exports amid signs that the nation’s export volume is going downhill. Though yearly exports hit a record of m...

Jan 29, 2019
Economy
[News Focus] Korea seeks to ease trade dependency on China, US, Japan

SEJONG -- South Korea began to seek free trade deals in 1999, when it started negotiations with Chile, its first partner for a free trade agreement that took effect in April 2004. Over the past 20 y...

Jan 27, 2019
Economy
[Monitor] Cigarette sales down due partly to higher prices

Sales of cigarettes in South Korea fell 1.5 percent in 2018 from a year earlier, data from the Ministry of Economy and Finance showed. A total of 3.47 billion packs were purchased last year, down sl...

Jan 27, 2019
Economy
Seoul shares to see moderate gains next week

South Korean stocks are expected to make a modest upswing next week following relief rallies in recent sessions amid optimism over decent corporate performances this year, analysts said Saturday. Th...

Jan 26, 2019
Economy
Korea's consumer sentiment rises for second straight month in Jan.

South Korea's consumer sentiment rose for the second month in a row in January as hopes are high for the government's economic stimulus measures for the new year, a central bank poll showed Friday. ...

Jan 25, 2019
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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