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Oil funds lose big on plunging crude prices

South Korea's three oil commodity exchange traded funds have chalked up abysmal returns over the past month due to tumbling crude prices, a fund evaluator said Friday. The oil-focused funds, which a...

Nov 16, 2018
Economy
Retail sales, industrial output face slump in restructuring-hit regions

Retail sales and industrial output in restructuring-hit regions remained in a slump in the third quarter, government data showed Thursday. According to the data compiled by Statistics Korea, retail ...

Nov 15, 2018
Economy
Shorter workweek adds to corporate woes

Local companies are struggling to adapt to a shorter workweek and calling for greater flexibility in its application, but their calls face vehement objections from the country’s umbrella labor groups...

Nov 14, 2018
Economy
ICT exports rise for 24th straight month in Oct.

South Korean exports of information and communication technology posted growth for the 24th month in a row in October on the back of brisk overseas sales of semiconductors, government data showed Wed...

Nov 14, 2018
Economy
Regulator to rule on suspected accounting breach by Samsung BioLogics

South Korea's financial regulator said Wednesday it will give a final ruling on whether Samsung BioLogics Co. violated accounting rules, a decision that could lead to the delisting of the biopharmace...

Nov 14, 2018
Economy
Korea's jobless rate rises in Oct., dismal job conditions continue

South Korea's jobless rate rose slightly in October due to a fall in employment in the retail and hospitality sectors, with poorer-than-expected job creation showing no signs of a letup, government d...

Nov 14, 2018
Economy
KEPCO Q3 net tumbles on increased fuel costs

The state-run Korea Electric Power Corp. said Tuesday its net profit plunged in the third quarter compared with a year ago due to higher fuel costs. Net profits stood at 737.29 billion won ($650.4 m...

Nov 13, 2018
Economy
S. Korea’s corporate earnings steady despite slowing economy: Moody’s

Geopolitical risk, aging population are short- and long-term downside factors for Korea

Nov 13, 2018
Economy
Tax revenue tallied at 20.5 tln won in September

South Korea's tax revenue was tallied at 20.5 trillion won ($18 billion) in September, up 2.9 trillion won from a year earlier, the finance ministry said Tuesday. Income tax revenue amounted to 3.7 ...

Nov 13, 2018
Economy
LG Corp. makes list of top 20 social value firms worldwide

LG Corp., the holding firm of South Korea's No. 4 conglomerate LG Group, has made the list of the top 20 socially valuable companies in the world, industry sources said Tuesday. LG earned 79 points ...

Nov 13, 2018
Economy
Confirmation hearing for finance minister nominee likely to follow budget review

The National Assembly is expected to hold a confirmation hearing for Hong Nam-ki, the finance minister nominee, early next month after handling the government's 2019 budget proposal. On Friday, Pres...

Nov 12, 2018
Economy
[News Analysis] Severe headwinds greet Moon’s economic policymakers

South Korea’s newly appointed economic policymakers -- in contrast to their predecessors who took office with high hopes upon the inauguration of the Moon Jae-in administration -- appear to be off to...

Nov 12, 2018
Economy
Planned profit-sharing scheme causes controversy

Controversy is intensifying over a move by the government and ruling party to encourage large corporations to share profits with their subcontractors and suppliers. Government policymakers and lawma...

Nov 12, 2018
Economy
Loss rate for auto insurance jumps in Q3 on heatwave

Non-life insurers' loss rate for their auto insurance businesses jumped in the third quarter, as a prolonged stretch of hot weather led to a raft of claims, data showed Monday. The nation's 11 non-l...

Nov 12, 2018
Economy
Regulator calls for thorough measures amid US-China trade disputes

South Korea has been hit hard by trade frictions between the United States and China, Seoul's financial regulator said Monday, calling for efforts to revamp export industries and nurture new growth e...

Nov 12, 2018
Economy

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