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Korea Inc. caught between external, internal risks

Korea Inc. is being squeezed between growing risks from its two largest trading partners and a raft of anti-business policies pushed by President Moon Jae-in’s administration. The country’s manufact...

Feb 21, 2018
Economy
Korea demands long-term commitment, transparent management from GM

South Korea's commerce minister on Wednesday called on General Motors Co. to submit a feasible long-term investment plan and improve its opaque management style to restructure its operations here fol...

Feb 21, 2018
Economy
Korea signs FTA with five Central American nations

South Korea and five Central American nations signed a trade deal to lower tariffs and other barriers on a wide range of areas to expand business ties, Seoul's trade ministry said Wednesday. South K...

Feb 21, 2018
Economy
Govt. to designate Gunsan as employment crisis area in wake of GM shutdown decision

The government will soon designate the southeastern city of Gunsan, which has been affected by GM Korea's recent decision to shut down a production facility, as a special employment crisis area, an o...

Feb 20, 2018
Economy
Ruling party calls for retaliatory measures against US steel tariff proposal

Members of the ruling Democratic Party reacted strongly to a US proposal to impose a massive tariff on South Korean steel imports, saying the country should consider retaliatory measures, such as res...

Feb 20, 2018
Economy
Korea seeks to shift export strategy as US raises trade barriers

SEJONG -- South Korea should change its export strategy to expand its foothold in emerging markets and develop new growth drivers against a series of import restrictions by the United States, Seoul's...

Feb 20, 2018
Economy
PM: Korea 'being driven into difficult situation'

Prime Minister Lee Nak-yon said Tuesday Korea is being "driven into a difficult situation," citing General Motors' decision to shut down one of its assembly plants in the country and the possibility ...

Feb 20, 2018
Economy
Korea needs proper response to currency fluctuations

Calls are rising for timely measures to stabilize the increasing fluctuation in the value of the Korean won. Economists note a failure to properly respond to currency fluctuations could lead to spar...

Feb 19, 2018
Economy
LKP: Korea's inclusion in US tariff list 'red light' in relations with Washington

South Korea's inclusion in the United States' list of countries that could have a 53 percent tariff levied on their steel exports is a "red light" in economic relations between the two countries, the...

Feb 19, 2018
Economy
Exports created a record high 4.47m jobs in 2017: report

South Korean export growth helped create a record 4.47 million jobs in 2017, a report by a local think tank showed Sunday. Asia's fourth-largest economy shipped out $573.7 billion worth of goods las...

Feb 18, 2018
Economy
IMF predicts S. Korea's potential growth rate could be in 2% range in 2020s

A report by the International Monetary Fund showed Sunday that South Korea's potential growth rate will hover at low 2 percent levels in the 2020s and dip to the 1 percent range in the 2030s due to v...

Feb 18, 2018
Economy
S. Korea's coffee market tops W10tr in 2017

South Korea's domestic coffee market surpassed 10 trillion won in 2017 for the first time ever as demand for the brew continues to rise, market data showed Sunday. According to the Korea Customs Ser...

Feb 18, 2018
Economy
Trump gets recommendations on tariffs for steel imports

US President Donald Trump has received recommendations on tariffs for steel imports, including those from South Korea, the US Department of Commerce said Friday. The recommendations followed investi...

Feb 17, 2018
Economy
Moon's regulatory reform yet to gather traction

Despite its repeated pledges to push for drastic deregulation, President Moon Jae-in’s government has been facing criticism for dragging its feet on regulatory reform. Presiding over a debate last m...

Feb 14, 2018
Economy
Korea's jobless rate unchanged at 3.7% in Jan.

Korea's jobless rate remained unchanged at 3.7 percent in January, government data showed Wednesday. The number of employed people reached 26.21 million in January, up 334,000 from a year earlier an...

Feb 14, 2018
Economy

The Korea Herald by Herald Corporation

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