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S. Korean economy vulnerable to China-US trade row: report

The escalating trade war between the US and China may have a severe effect on the South Korean economy, which has an excessively high economic dependence on its Asian neighbor, a report said Sunday. ...

Jul 15, 2018
Economy
Heads of commercial lenders see economic growth fall below 3% this year

The heads of the top five commercial banks here expect the country's economy to grow at less than 3 percent this year and rate hikes to become one of major risks facing the financial markets, a surve...

Jul 15, 2018
Economy
Overseas sales make up nearly 19% of total products sold by Korean companies: data

Overseas sales accounted for nearly a fifth of all products sold by Korean companies and the numbers are expected to continue rising in the future as countries ramp up protectionist policies, market ...

Jul 15, 2018
Economy
Labor, biz communities unsatisfied with 2019 minimum wage decision

Both labor and business communities in South Korea on Saturday expressed dissatisfaction with the country's minimum wage set for 2019. The Minimum Wage Council -- a panel comprised of representative...

Jul 14, 2018
Economy
S. Korea to raise minimum wage for 2019 by 10.9%

South Korea's minimum wage for next year has been set at 8,350 won ($ 7.37) per hour, up 10.9 percent from this year, officials decided on Saturday. The decision was made after the Minimum Wage Coun...

Jul 14, 2018
Economy
Economic recovery being maintained amid growing uncertainties: finance ministry

South Korea's economy is on a recovery path on the back of a rebound in industrial output, although capital spending and consumption are facing adjustments and external uncertainties are on the rise,...

Jul 13, 2018
Economy
S. Korea ups guard against job crisis, US-China trade war

BOK inches down economic forecast to below 3 percent

Jul 12, 2018
Economy
BOK revises down 2018 growth forecast to 2.9 %

The Bank of Korea on Thursday revised down its earlier growth forecast on the South Korean economy to 2.9 percent for 2018 due to rising economic uncertainties at home and abroad. In the monetary po...

Jul 12, 2018
Economy
S. Korea cautious over full-blown trade war between US, China

South Korea's trade ministry said Thursday it is preparing for fallouts from the flaring trade dispute between the United States and China as the world's two largest economies are seemingly on a coll...

Jul 12, 2018
Economy
BOK holds policy rate unchanged at 1.5% for July

South Korea's central bank on Thursday froze its key rate for July as the economy shows some signs of a slowdown and inflationary pressure remains low. The monetary policy board of the Bank of Korea...

Jul 12, 2018
Economy
Korean exporters may find new chances in US-China trade war

Korea’s manufacturing exporters need to set their sights on new business opportunities that would stem from an escalating trade war between the US and China, experts here say. Protracted trade frict...

Jul 11, 2018
Economy
Korea's jobless rate falls, but new job numbers remain sluggish

Korea's jobless rate fell slightly in June due to a rise in employment in the health care, public service and financial sectors, but the number of newly created positions remained sluggish, governmen...

Jul 11, 2018
Economy
Concerns rise on NPS' stewardship code adoption timeline

Moon’s corporate governance reform initiative deterred by NPS leadership vacuum, fund depletion signals

Jul 10, 2018
Economy
Concerns rise over repeated policy discords

Repeated discords among policymakers have amplified concerns over the direction of the Moon Jae-in administration’s economic policies that are criticized for being detached from the reality. Adding ...

Jul 9, 2018
Economy
Seoul gets ready for Washington's hearing on auto tariffs

South Korea's trade ministry is working on finalizing the members of the delegation for Washington's public hearing on auto tariffs slated for later this month, industry sources said Sunday. The Min...

Jul 8, 2018
Economy

The Korea Herald by Herald Corporation

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