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[Newsmaker] Trump says to weigh withdrawal from S. Korea trade deal

US President Donald Trump said Saturday he would meet with his advisers next week to weigh a possible withdrawal from the US free trade agreement with South Korea. Trump made the remark to journalis...

Sept 3, 2017
Economy
Korea to reinforce manpower, organization ahead of FTA revision talks: trade minister

Trade Minister Kim Hyun-chong said Friday he will reinforce the manpower and conduct a reorganization of the Office of International Trade and Investment to effectively cope with possible revisions t...

Sept 1, 2017
Economy
BOK picks 4 more companies for project for coinless society

South Korea's central bank said Friday that it has picked four more companies for its coinless society project in the latest move aimed at enhancing convenience for ordinary people. Under the projec...

Sept 1, 2017
Economy
Seoul asks Beijing to lift trade restrictions over missile row: trade ministry

South Korea has asked China to remove economic sanctions imposed on South Korea due to the diplomatic row over the deployment of a US missile defense system here, the Ministry of Trade, Industry and ...

Sept 1, 2017
Economy
Korean economy grows 0.6% on-quarter in Q2: BOK

South Korea's economy grew at a slower pace in the second quarter from three months earlier on decreased manufacturing and construction, central bank data showed Friday. The country's gross domestic...

Sept 1, 2017
Economy
Korea's exports continue rally, surge 17.4% in Aug.

South Korea's exports extended their double-digit growth to eight straight months in August on record shipments of semiconductors, government data showed Friday. Outbound shipments came to $47.1 bil...

Sept 1, 2017
Economy
Average wedding in Korea costs W46m: survey

An average wedding in South Korea costs nearly 46 million won ($40,000), excluding the price of buying or renting a home, a survey showed Thursday, with more people opting for smaller ceremonies. Of...

Aug 31, 2017
Economy
KCCI chief backs Moon's economic vision

The Korea Chamber of Commerce and Industry, a leading business lobby group, on Thursday expressed support for the government’s recent decision to restructure the nation’s fiscal policy for a fundamen...

Aug 31, 2017
Economy
BOK maintains key rate at 1.25% in August

South Korea’s central bank on Thursday froze the key interest rate for August, keeping the nation’s benchmark rate unchanged for 14 months straight since June last year. The monetary policy board of...

Aug 31, 2017
Economy
BOK chief says uncertainties heightened over N. Korea risks

The head of South Korea's central bank said Thursday that the North Korean risk factor has raised uncertainties for Asia's fourth-largest economy. Tensions on the Korean Peninsula have been escalati...

Aug 31, 2017
Economy
[Monitor] Korea's fertility rate drops to 7-year low

South Korea’s fertility rate fell to a seven-year low last year, data by Statistics Korea showed. The total fertility rate, or the average number of babies that a woman is projected to have during h...

Aug 31, 2017
Economy
Korea to create 200,000 jobs in health sector over 5 yrs

South Korea aims to create 200,000 new jobs in the health care sector over the next five years in an effort to improve medical services, the health ministry said Thursday. The government forecast th...

Aug 31, 2017
Economy
FTC adds four firms on its antitrust watch list in Aug.

South Korea's corporate watchdog said Thursday that it has put four more affiliates of large business groups under tight restrictions on mutual investment and loan guarantees. The Fair Trade Commiss...

Aug 31, 2017
Economy
Korea's industrial output rebounds 1.9% in July

South Korea's industrial output rose at the fastest pace in six months in July on gains in cars and electronic devices, government data showed Thursday. Production in the mining, manufacturing, gas ...

Aug 31, 2017
Economy
Korean govt. to lower public firms’ debt ratio to 152% by 2021

The South Korean government will reduce the debt ratio of public corporations to 152 percent by 2021 as part of its efforts to improve the balance sheets of state-funded agencies, the finance ministr...

Aug 30, 2017
Economy

The Korea Herald by Herald Corporation

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