President says will be no tax hike for low-income firms, people

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Self-employed exposed to greater debt risks

Concern is being raised that the problem of debt incurred by self-employed businesses in the country is much more severe than has been depicted by official figures. A newspaper report last week said...

Updated : 2017.06.26 15:01

Gov't mulls raising diesel prices to curb fine dust

The government is considering a move to raise the price of diesel fuel with the aim of reducing fine dust emissions, government sources said Sunday. Among plans under consideration by the Ministry o...

Updated : 2017.06.25 16:41

All eyes on new investment pledge as Korean biz leaders visit US

A South Korean business delegation made up of top executives will travel to Washington this week as local companies take steps to respond proactively to alleviate the growing trade pressure exerted b...

Updated : 2017.06.25 09:50

Moon, Trump to face showdown on FTA renegotiation

South Korean President Moon Jae-in is expected to pitch for the benefits of the two countries' bilateral free trade pact during his upcoming trip to the US, but may face some tough challenges in talk...

Updated : 2017.06.25 09:36

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 T...

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. ...

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...

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 m...

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. Accor...

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 s...

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 T...

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 D...

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 St...

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 m...

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 shipm...

Updated : 2017.06.21 10:13