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Labor minister urges big biz to employ more youthJan 18, 2017Labor Minister Lee Ki-kweon urged big businesses on Wednesday to employ more youth in the first half of the year as the sluggish economy is expected to further worsen youth unemployment. Lee made th... -
Public housing going to wrong beneficiaries from lax inspectionJan 18, 2017Public housing that is intended to help low-income families is partly benefiting the wrong people because of loose state inspections, a report said Wednesday. The report, authored by researcher Choi... -
Govt. mulls easing anti-graft law's impact on economyJan 18, 2017South Korea is considering easing an anti-corruption law by raising the cap on the values of free meals, sources said Wednesday, amid criticism that it adversely impacts consumer spending. The law c... -
Egg prices starting to stabilize after imports arriveJan 18, 2017Egg prices that have been jumping for over a month from the avian influenza epidemic in the country are showing signs of calming down after imports started arriving, officials said Wednesday. The pr... -
Regulator says sturdy financial 'breakwater' neededJan 18, 2017South Korea's top financial regulator on Wednesday stressed the need for all-out efforts to secure financial stability this year, citing a host of risk factors including rises in the US interest rate... -
Finance minister vows to put more focus on job creationJan 18, 2017South Korea's finance minister said Wednesday that he will put more policy priority on creating more jobs in the new year to reinvigorate the economy. "The government will accelerate its drive to fo... -
Swedish central bank chief says cashless society is major trendJan 18, 2017The head of the Swedish central bank has said changing to a cashless society is a major trend as a growing number of people are rapidly reducing the use of notes and coins in favor of electronic paym... -
Korea to not ask Japan to resume negotiations for currency swap dealJan 17, 2017South Korea has no plan to ask Japan to resume negotiations for a currency swap which Tokyo suspended for diplomatic reasons, a senior finance ministry official said Tuesday. "There has been no cont... -
Political crisis has made business in Korea more difficult: ECCKJan 17, 2017European businesses in South Korea are increasingly voicing negative feedback regarding the business environment here, a survey by the European Chamber of Commerce in Korea showed Tuesday. Of the 1... -
Retailers' business sentiment hits 4-yr low in Q1Jan 17, 2017South Korean retailers' business sentiment plunged to the lowest in four years in the first quarter of the year, affected by a protracted slump in domestic demand and the implementation of an anti-gr... -
Banknotes in circulation reach nearly W100tn won last yearJan 17, 2017The amount of banknotes currently in circulation in South Korea has reached nearly 100 trillion won ($84.4 billion), the central bank said Tuesday, due to the bank's easing stance to bolster growth i... -
Statistics show working elderly still in povertyJan 17, 2017The poverty rate for working low-income elderly people reached close to 62 percent in 2015, according to government statistics on Tuesday, showing that some of the aged population cannot sustain them... -
Financial minister vows to stabilize food prices before holidayJan 17, 2017Finance Minister Yoo Il-ho said Tuesday that the government will double the supply of fresh vegetables and promote discounts of agricultural produce to ease household burdens ahead of the Lunar New Y... -
Gift preferred over real estate inheritance for tax purposesJan 17, 2017Real estate inheritance in the form of a gift is being used as a means of saving on taxes among family members, especially for non-residential properties, a market analysis indicated Tuesday. A deta... -
Korea's Samsung in rough patch with arrest request, recallsJan 16, 2017A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country's most valuable compa...
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