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The Korea Herald > Business > Economy

Korea’s top 52 business leaders to join Moon in US summit

CEOs and business leaders from some of the country’s top conglomerates are heading to the United States alongside President Moon Jae-in for a two-day Korea-US Business Summit with President Donald Tr...

Updated : 2017.06.23 14:24

Hyundai, SK leaders to accompany Moon to US next week: biz lobby

Leaders of South Korea's top conglomerates including Hyundai and SK will join President Moon Jae-in on his first official visit to the United States next week, a local business lobby said Thursday.Moon is scheduled to visit Washington on Wednesday ahead of two-day summit talks with US Pres...

Updated : 2017.06.23 10:12

[Monitor] More people out of job for over 6 months

The number of people unemployed for six months, who are classified as long-term unemployed, reached a 13-year high in May this year, according to Statistics Korea on Thursday.Some 120,000 were long-te...

Updated : 2017.06.22 16:18

Number of property rental biz workers up sharply amid market boom: data

The number of people earning a living by renting property has risen sharply in recent years, government data showed Thursday, amid a market boom brought on by policy measures to prop up the housing ma...

Updated : 2017.06.22 15:56

Korean workers earn average W3.29m monthly in 2015

South Korean employees were paid an average 3.29 million won ($2,885) per month in 2015, with male workers earning 1.7 times more than their female colleagues, government data showed Thursday.Accordin...

Updated : 2017.06.22 14:03

Korea spends 48% of 2017 budget through May

The South Korean government has used nearly half of its planned budget in the first five months of the year as part of its efforts to frontload spending to prop up the economy, the finance ministry sa...

Updated : 2017.06.22 10:39

Whisky sales drop amid change in drinking culture

Sales of whisky products in South Korea continued to fall in the first five months of this year, mainly due to a protracted economic slump and a change in the drinking culture, industry data showed Th...

Updated : 2017.06.22 10:33

Korea's economic policymakers vow to create more jobs, spur investment

South Korea's top economic leaders vowed on Wednesday that they will make concerted efforts to create quality jobs and stir up investment and innovation in the private sector.Finance Minister Kim Dong...

Updated : 2017.06.21 16:57

Most Koreans who live alone are married: survey

The number of single households is continuing to spike as more Koreans live away from their families, while the country’s marriage rate continues to nose-dive.  According to a survey released by Sta...

Updated : 2017.06.21 16:24

Public sector net lending hits record W44tr in 2016

South Korea's public sector net lending hit a record high last year, thanks to a robust gain in tax revenues and lower oil prices, data showed Wednesday. Net lending, which refers to total revenue min...

Updated : 2017.06.21 13:59

Korea's exports soar 24.4% so far in June

South Korea's exports jumped 24.4 percent in the first 20 days of June from a year earlier on robust overseas demand for semiconductors and ships, customs data showed Wednesday.Total outbound shipment...

Updated : 2017.06.21 10:13

Exports of functional foods to China surge: report

The exports of South Korean functional foods to China have grown at an annual rate of 41 percent for the past four years, with their market share doubling over the cited period, a report showed Wednes...

Updated : 2017.06.21 10:10

SME loans from nonbank lenders grow at fast pace

South Korean nonbank financial institutions' lending to smaller firms surged nearly 10 trillion won ($8.8 billion) in the first four months of the year amid tighter government control on household loa...

Updated : 2017.06.21 10:09

[Herald Interview] ‘Stronger, flexible IP protection system needed'

A forum of the world’s five largest intellectual property offices, known as IP5, emphasized its new vision for a stronger and more flexible intellectual property system that can adapt to the fourth i...

Updated : 2017.06.20 16:31

Korea firms urged to expand presence in Africa

South Korean companies are urged to redouble efforts to expand into Africa's rapidly growing consumer goods markets to secure a new growth driver, a state-run trade promotion agency said Tuesday.In a ...

Updated : 2017.06.20 15:19