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Korean economy grows 0.6% on-quarter in Q3: BOK

The South Korean economy expanded 0.6 percent in the third quarter from three months earlier, central bank data showed Tuesday, amid rising concerns over an economic downturn. The July-September gro...

Dec 4, 2018
Economy
[Monitor] K-pop artists-turned-entrepreneurs top list of richest celebrities

There are seven celebrities in South Korea with stocks worth at least 10 billion won ($9 million) as of November this year, data from corporate tracker Chaebul.com showed. Three are celebrities-turn...

Dec 3, 2018
Economy
Finance Ministry pressed by budget delay, minister’s hearing

The Ministry of Economy and Finance was off to a rocky start Monday, as it faced mounting pressure with the delayed passage of next year’s state budget while its new minister nominee is set to have h...

Dec 3, 2018
Economy
US, China ties to remain contentious, to affect Asia: Moody's

The pause in the Sino-American trade dispute may help to lower tensions, but their relations will remain contentious and will likely affect key Asian nations including South Korea, a global ratings a...

Dec 3, 2018
Economy
KIC adopts stewardship principles

The Korea Investment Corp., a sovereign wealth fund, said Monday it is adopting a set of stewardship principles to actively engage in corporate management as major shareholders. The principles requi...

Dec 3, 2018
Economy
[On the Bar] How the Anti-Graft act has changed

On the Bar is a regular column written by attorneys at Yoon & Yang LLC on various laws and regulations that affect running a business in Korea. The content provided here is general legal information....

Dec 2, 2018
Economy
Korea asks Turkey to provide compensation for safeguard measures on PET

South Korea has asked Turkey to provide compensation for the European nation's provisional safeguard measures on polyethylene terephthalate imports, Seoul's trade ministry said Saturday. The Ministr...

Dec 1, 2018
Economy
Korea's exports up 4.5 percent on-year in November

Korea's exports rose 4.5 percent from a year earlier in November fueled by robust sales of memory chips and petrochemical products, government data showed Saturday. Outbound shipments reached $51.92...

Dec 1, 2018
Economy
Moon pitches people-centered economy at G-20 summit

South Korean President Moon Jae-in on Friday introduced his people-centered economic policy before global leaders as a potent remedy to income polarization, jobless growth and various other challenge...

Dec 1, 2018
Economy
Rate hike to cool down overheated housing market

South Korea's first key interest rate hike in a year is expected to cool down the overheated housing market by driving down leveraged real estate investments, experts said Friday. (Yonhap) The Bank...

Nov 30, 2018
Economy
Public servants and office workers remain most preferred jobs in Korea

While most South Koreans wish to become public servants, in reality they strive to land jobs in the corporate world, a survey showed Friday. According to a Saramin HR, South Korea’s online job recru...

Nov 30, 2018
Economy
Two days before budget deadline, political parties continue to bicker

Rival parties on Friday wrangled over the schedule for a plenary session to handle the government's 2019 budget proposal, two days ahead of the legal deadline for its parliamentary passage. Dec. 2 i...

Nov 30, 2018
Economy
BOK raises policy rate to 1.75%

South Korea’s central bank raised the nation’s benchmark interest rate Friday to 1.75 percent, amid growing household debt and further rate hike signals from the United States. The Bank of Korea hel...

Nov 30, 2018
Economy
Korean president vows efforts to improve ties with Argentina

BUENOS AIRES -- South Korean President Moon Jae-in on Thursday vowed to improve his country's ties with Argentina and increase support for South Korean residents and businesses in the South American ...

Nov 30, 2018
Economy
Korea's economic growth forecast to slow to 2.6% in 2019

South Korea's economy is expected to lose steam slightly in 2019 from this year due to weakening exports and sluggish investment, a local think tank said Thursday. In its 2019 economic outlook, the ...

Nov 29, 2018
Economy

The Korea Herald by Herald Corporation

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