The Korea Herald

BUSINESS

LATEST NEWS

Brexit deal refusal to have limited impact on economy: ministry

Seoul vows to speed up efforts for Korea-Britain bilateral trade deal, bracing for post-Brexit era

Jan 16, 2019
Economy
Seoul to spend 537 b won for traditional markets

South Korea plans to spend 537 billion won ($478 million) to help nurture the country's traditional markets, the government said Wednesday. According to the Ministry for SMEs and Startups, around ha...

Jan 16, 2019
Economy
Korea jobless rate exceeds that of US in Q3

South Korea posted a higher unemployment rate than the United States in the third quarter of last year for the first time in 17 years amid a sluggish job market here, data showed Wednesday. South Ko...

Jan 16, 2019
Economy
Samsung’s Lee, SK’s Chey ‘spar’ over semiconductors in front of Moon

Owners of the world’s two largest memory chipmakers -- Samsung’s Lee Jae-yong and SK Group’s Chey Tae-won -- boasted of their business confidence during a walk with President Moon Jae-in at Cheong Wa...

Jan 15, 2019
Economy
[News Focus] Consumer confidence in Korea lowest among OECD members

SEJONG -- The atmosphere on the streets at year-end was not the same in 2018 as what people remembered from past years. To explain it, they pointed to the large number of struggling small business ow...

Jan 15, 2019
Economy
Import prices fall to 8-month low in Dec. on falling oil prices: BOK

DRAM export price marks 5-month decline amid industry slowdown

Jan 15, 2019
Economy
Korea to continue efforts to boost lending for SMEs

South Korea will continue its efforts to encourage banks and other financial institutions to direct more loans to small and medium-sized enterprises, a senior financial regulator said Monday. Kim Yo...

Jan 14, 2019
Economy
President Moon to meet with leaders of top conglomerates

President Moon Jae-in will hold a meeting this week with the leaders of the country's largest businesses, the presidential office Cheong Wa Dae said Monday. The meeting will be held Tuesday at Cheon...

Jan 14, 2019
Economy
[Monitor] Foreign investors sell off $5.66b worth of Korean stocks, largest in 7 yrs

The value of South Korean stocks offloaded by foreign investors last year reached $5.66 billion, the largest in seven years, driven by US-China trade war and uncertainties tailing US interest rate hi...

Jan 13, 2019
Economy
Fixed deposits grow steeply in 2018 on higher rates: BOK

The volume of fixed deposits at local banks marked the steepest growth in eight years in 2018, on the back of increased policy rate and the banks’ efforts to reinforce liquidity, central bank data sh...

Jan 13, 2019
Economy
Seoul shares likely to move in tight range next week on uncertainties

South Korean stocks are expected to move in a tight range next week on lingering uncertainties, such as the Brexit vote and the release of 2018 earnings results from major firms, analysts said Saturd...

Jan 12, 2019
Economy
Korea's exports fall 7.5% in first 10 days of January

South Korea's exports fell 7.5 percent in the first 10 days of January from a year earlier due largely to a sharp decline in shipments of semiconductors and ships, customs data showed Friday. The co...

Jan 11, 2019
Economy
Workers at SMEs earn 65% of wages for employees of large firms: report

Employees working for small and medium-sized companies in South Korea were paid, on average, 65.1 percent of the earnings of employees of a large firm in 2017, a report showed Thursday. The average ...

Jan 10, 2019
Economy
Samsung's Q4 operating profit tumbles 28.7% on tepid memory demand

Samsung Electronics Co. said Tuesday its operating profit plunged 28.7 percent in the fourth quarter compared with a year ago due to weak memory demand, falling far short of market expectations. Ope...

Jan 8, 2019
Economy
[News Focus] Korean harbors brace for 4th industrial revolution

SEJONG -- South Korea is mapping out mid- and long-term plans to become a global logistics hub by introducing “smart” harbors across the country, a project that is expected to last a decade from 2021...

Jan 7, 2019
Economy

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114