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Govt. urged to drop scaled-back 2018 infrastructure budget

Major construction bodies in South Korea called on the government Tuesday to withdraw its scaled-back infrastructure budget for 2018, saying it may hurt not only the industry but also the national ec...

Sept 12, 2017
Economy
Korea's money supply up 5.1% in July: BOK

The money supply in South Korea jumped 5.1 percent in July from a year earlier, the central bank said Tuesday. The nation's M2 totaled 2,472.1 trillion won ($2.18 trillion) in July, compared with 2,...

Sept 12, 2017
Economy
Household loans up 9% in August

South Korea's household loans extended by banks rose 9 percent in August from a year earlier due to increased mortgages and other bank loans, central bank data showed Tuesday. Outstanding household ...

Sept 12, 2017
Economy
Korea aims to export more than $1b worth of seaweed annually by 2024

South Korea said Tuesday that it aims to export more than $1 billion worth of seaweed products annually by 2024 as part of its effort to diversify its overseas shipment portfolio. According to the r...

Sept 12, 2017
Economy
Nearly 40% of province-based public agency staff live alone

Nearly 40 percent of workers at public institutions based in provincial cities in South Korea live away from their families, a report said Tuesday, while calling for measures to help more live with t...

Sept 12, 2017
Economy
Korea's tax revenue continues to grow in 2017

South Korea's national tax revenue continued to grow in the first seven months of 2017 amid a steady growth pace of Asia's fourth-largest economy, the finance ministry said Tuesday. The government c...

Sept 12, 2017
Economy
Korea’s export industry outperforming domestic businesses: BOK

Despite ongoing disparities in Korea’s export market concerning China’s business blackballing tactics and continued ambiguity regarding the Korea-US Free Trade Agreement, the BSI for the export indus...

Sept 11, 2017
Economy
S. Korean economic prospects bright despite external challenges: IMF chief

Christine Lagarde, managing director of the International Monetary Fund, on Monday expressed optimism on South Korea’s economy for the upcoming years, despite external challenges including the North ...

Sept 11, 2017
Economy
THAAD reprisals undermine China FTA

China has shown no hesitation in disregarding its obligations under the free trade agreement with South Korea to take retaliatory measures against the deployment of a US missile defense system here. ...

Sept 11, 2017
Economy
Moon meets with IMF chief, stresses importance of income-led growth

President Moon Jae-in said Monday he aims to realize "income-led" economic growth that spreads its benefits across all sectors. Moon made the remark as he outlined his economic policy during a meeti...

Sept 11, 2017
Economy
Korea spending on families among lowest in OECD states: data

South Korea was one of the smallest investors in families among member states of the Organization for Economic Cooperation and Development in 2013, a report showed Monday. The country allocated 1.13...

Sept 11, 2017
Economy
IMF chief says Korean economy likely to grow 3% this year

International Monetary Fund chief Christine Lagarde expressed optimism Monday about the future of the South Korean economy as she forecast Asia's fourth-largest economy to grow 3 percent this year. ...

Sept 11, 2017
Economy
Korea advised to limit smoking at public places, cigarette ads: WTO

The World Health Organization has recommended South Korea to adopt more stringent regulations to ban cigarette smoking in public places and restrict tobacco advertising and promotions. The WTO has b...

Sept 11, 2017
Economy
Korea's exports fall 8.7% in first 10 days of Sept.

South Korea's exports fell 8.7 percent in the first 10 days of this month from a year earlier due to decreased business days, the latest customs data showed Monday. Total outbound shipments reached ...

Sept 11, 2017
Economy
Korea wage increase rate halved after financial crisis: report

South Korea's wage increase rate has been halved after the 2008 global financial crisis that rocked the country, a market report showed Sunday. The findings released in the Bank of Korea's latest fo...

Sept 10, 2017
Economy

The Korea Herald by Herald Corporation

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