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Current account surplus hits yearly high on growth in semiconductors

Inbound travelers increase amid alleviated geopolitical risks on the Korean Peninsula

Sept 6, 2018
Economy
Korea, India hold talks on trade remedies

South Korea and India have discussed ways to reduce the use of trade remedy measures and promote investment opportunities between the two nations, Seoul's trade ministry said Thursday. Senior offici...

Sept 6, 2018
Economy
Job market expected to improve in earnest next year: official

South Korea's job market is expected to improve in earnest next year, with more than 200,000 new jobs likely to be created in the second half of 2019, the vice chief of the presidential job commissio...

Sept 6, 2018
Economy
US imposes anti-dumping duty on Korean power transformers

The United States Department of Commerce has decided to impose an anti-dumping duty on power transformers made by South Korea's Hyundai Electric & Energy Systems Co., industry sources said Wednesday....

Sept 6, 2018
Economy
Trump says revised Korea trade deal may be signed in 'couple of weeks'

WASHINGTON -- US President Donald Trump said Wednesday that a revised trade deal between the US and South Korea may be signed "in a couple of weeks." Speaking at the White House, Trump indicated the...

Sept 6, 2018
Economy
Soaring debt among self-employed puts economy at risk

A steep rise in debt owed by self-employed people with faltering businesses is a ticking time bomb for the South Korean economy, experts warn. Outstanding loans to the self-employed increased 77 tri...

Sept 5, 2018
Economy
Bank loans soar in August amid heated housing market

South Korea’s major banks saw their household loan balance climb at the fastest pace in almost two years in August, propelled by the mortgage loan uptrend amid the robust real estate market here, sai...

Sept 4, 2018
Economy
Consumer prices remain unstable ahead of Chuseok

South Korea's consumer prices remain unstable ahead of the Chuseok holiday due to soaring vegetable prices stemming from weeks of hot weather and the recent downpours, data showed Tuesday. The price...

Sept 4, 2018
Economy
Korea's consumer prices up 1.4% in August

South Korea's consumer price growth continued to stay above 1 percent in August on a rise of agricultural goods and the service sector, government data showed Tuesday. The country's consumer price i...

Sept 4, 2018
Economy
Korean economy grows revised 0.6% on-quarter in Q2: BOK

South Korea's economy grew at a slower-than-expected pace in the second quarter from three months earlier on sluggish construction investment, the central bank said Tuesday. The country's gross dome...

Sept 4, 2018
Economy
Indicators point to weakening economy

Concerns are growing over the weakening vitality of the Korean economy as facility investment continues to decrease, with consumer sentiment and business confidence sluggish. Government data release...

Sept 3, 2018
Economy
Signs emerge of stronger real estate tax

South Korea is facing another set of brawls this year concerning taxation equity and wealth distribution, as the government and ruling party signaled at further toughening tax rules for affluent prop...

Sept 3, 2018
Economy
Income statistics dispute extends to credibility of govt data

Following the recent replacement of the statistics office chief, the ongoing dispute concerning the Moon Jae-in administration’s income-led growth initiative has now expanded into an argument on the ...

Sept 2, 2018
Economy
Richest people make 1,000 times more than poorest

The richest people in South Korea earned nearly 1,000 times more than the lowest wage earners last year, a parliamentary report said Sunday, highlighting the country's widening income disparity. The...

Sept 2, 2018
Economy
State support for low wage earners to jump 3.6 times to near W5tr in 2019

Earned income support provided by the government to offset low wages will rise a sharp 260 percent from this year to near 5 trillion won ($4.47 billion) in 2019, official data showed Sunday. The inc...

Sept 2, 2018
Economy

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