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Work hour reduction comes with both expectations, concerns by economic actors

SEJONG -- Reductions in legal work hours to go into effect from July 1 are raising expectations for better quality of life outside of the office in a country where people put in some of the longest w...

Apr 30, 2018
Economy
Korea's industrial output dips 2.5% in March

South Korea's industrial output fell in March from a month earlier on a dip in production in the automaking and machinery sectors, government data showed Monday. Production in the mining, manufactur...

Apr 30, 2018
Economy
Peace mood to have limited impact on Korean market: report

Ongoing peace gestures involving North Korea could have positive impacts on South Korea's equity markets, though global woes would limit their upward momentum, a global investment bank said Friday. ...

Apr 27, 2018
Economy
S. Korea to impose anti-dumping duties on PET film imports

SEJONG -- South Korea's finance ministry said Thursday it has decided to levy anti-dumping duties on polyethylene terephthalate film imported from Taiwan, Thailand and the United Arab Emirates for th...

Apr 26, 2018
Economy
Korean economy grows 1.1% on-quarter in Q1: BOK

South Korea's economy rebounded 1.1 percent in the first quarter from three months earlier thanks to increased investment and exports, central bank data showed Thursday. In the January-March period,...

Apr 26, 2018
Economy
Korea’s worsening unemployment goes against global trend

Korea’s unemployment problem has continued to worsen in recent years, with all other major economies seeing their job markets tightening in keeping with robust growth. According to data from Statist...

Apr 25, 2018
Economy
[Herald Interview] Procurement sector should expand abroad: PPS administrator

Considering the limited size and full saturation of the local market, outstanding procurement companies are being encouraged to create opportunities in overseas markets. And it is the government’s ro...

Apr 25, 2018
Economy
Korea's consumer sentiment drops to 1-yr low in April

South Korea's consumer confidence dropped for five months in a row to hit a one-year low in April due mainly to a possible US-China trade row and a strengthening local currency, a central bank poll s...

Apr 25, 2018
Economy
Job losses from restructuring hit shipyard cities

SEJONG -- Shipyard cities and surrounding areas suffered steep job losses over a one-year period from ongoing restructuring efforts, state data indicated Tuesday. Employment and job sector figures f...

Apr 24, 2018
Economy
More female workers hired by restaurant businesses

SEJONG -- A large number of female workers in South Korea worked at restaurants and food catering businesses in the second half of last year while the retail sector hired mostly male workers, a repor...

Apr 24, 2018
Economy
Korea, US made 'progress' on details in revised FTA draft: minister

WASHINGTON -- South Korea and the United States have made progress on the final details of a revised free trade agreement before a formal signing after they agreed in principle on major issues last m...

Apr 24, 2018
Economy
Strengthening won cushions rate reversal with US

Concerns over the possibility of capital outflow amid a widening gap between interest rates in Korea and the US are being eased by the strengthening of the won against the dollar. Earlier this month...

Apr 23, 2018
Economy
Chaebols' financial affiliates urged to sell non-financial shares

The top financial regulator has called on financial affiliates of family-run business conglomerates, or chaebol, to map out plans to sell their stocks in non-financial affiliates. The remarks by Fin...

Apr 22, 2018
Economy
Korean washer exports to US almost halved after safeguard action: KITA

South Korean washer exports to the United States plunged 45.4 percent on-year as safeguard measures took effect, an international traders organization here said Sunday. The data released by the Kore...

Apr 22, 2018
Economy
Job growth remains slow despite signs of economic recovery

South Korea's job growth has remained anemic in recent months despite the national economy showing signs of a recovery with robust exports, according to data on Sunday. The South Korean economy adde...

Apr 22, 2018
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 : Shin Chang Hoon
Tel : 02.727.0114