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[News Focus] Of 36 OECD countries, Korea stands at No. 28 in employment

SEJONG -- For South Koreans who say they do not support the incumbent administration, jobs are one of the main reasons cited in polls. President Moon Jae-in’s detractors say the government’s labor p...

Nov 27, 2019
[Photo News] Emart to sell 'Frozen 2' Smiggle items

Stationery products featuring characters from Disney animation “Frozen 2” are displayed at E-mart’s Yongsan Station branch, Wednesday. The South Korean retail giant said it would sell 10 types of st...

Nov 27, 2019
Biz sentiment worsens for Dec.: poll

South Korean business sentiment remains weak for December amid Sino-American trade tensions and the slowing global economy, a think tank said Wednesday. The business survey index of the country's to...

Nov 27, 2019
Manufacturing, mining sector shipments up 3.4 % in 2018: report

Shipments in South Korea's manufacturing and mining industry rose 3.4 percent in 2018 from a year earlier due mainly to growth in refined petroleum and petrochemical and chemical sectors, data showed...

Nov 27, 2019
Prices of safe assets turn weak on revived risk-on

Prices of safe assets, such as gold and bonds, in South Korea are turning bearish, market data showed Wednesday, as investor risk appetite has been revived on hopes of a Sino-US trade deal and other ...

Nov 27, 2019
S. Korea's trade terms continue to worsen in Oct.

South Korea's trade terms continued to worsen for the 23rd consecutive month in October with its export prices slipping at a faster rate than those of imports, central bank data showed Tuesday. The ...

Nov 26, 2019
S. Korea, China, Japan to hold fresh round of FTA talks in Seoul

Senior trade officials from South Korea, China and Japan will hold a fresh round of talks this week on forging a free trade deal among the three Asian neighbors, Seoul's trade ministry said Tuesday. ...

Nov 26, 2019
[ASEAN-Korea summit] Seoul created momentum for regional trade liberalization: minister

BUSAN -- Industry Minister Sung Yun-mo said Monday that South Korea had created momentum for the liberalization of regional trade and cooperation through the 2019 ASEAN-ROK Commemorative Summit. Spe...

Nov 25, 2019
Economic growth projections for 2020 vary widely

Government is ‘relatively’ optimistic despite overwhelmingly dismal signals

Nov 25, 2019
[ASEAN-Korea Summit] [Herald Interview] SMEs minister hopes for brisk exchanges between startups and ASEAN

Park Young-sun is a veteran female politician who has frequently made the news with her boldness and initiatives. She now serves as minister of small and medium enterprises and startups. Since takin...

Nov 25, 2019
S. Korea to hold annual meeting with Fitch this week

Finance minister to emphasize Korean government’s efforts to improve economic vitality through investment, exports

Nov 25, 2019
S. Korea's economy to grow 2.1% in 2020: Goldman Sachs

South Korea's economy is expected to grow 2.1 percent next year, after posting an estimated growth of 1.9 percent this year, as the global economy's slowdown is likely to end in the coming months, ac...

Nov 23, 2019
OECD cuts growth outlook for S. Korea to 2 percent

The Organization for Economic Cooperation and Development (OECD) on Thursday slashed its growth outlook for South Korea's economy this year to 2 percent amid a slowdown in global trade. The OECD's o...

Nov 21, 2019
Income gap in S. Korea narrows in Q3

South Korea's household income inequality narrowed in the third quarter of 2019 from a year earlier, data showed Thursday, as employment situations of the low-income bracket improved amid efforts to ...

Nov 21, 2019
[News Focus] OECD’s debt data suggests Korea’s inherent risks

SEJONG -- A large proportion of middle-aged South Koreans have become hugely indebted to financial firms over the past few years due to their apartment purchases. The previous Park Geun-hye administ...

Nov 21, 2019

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