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The Korea Herald > Business > Economy

Exporters upbeat on Q3 business outlook: poll

A majority of South Korean exporters expect their business conditions to improve in the third quarter from three months earlier thanks to a global economic recovery, a poll showed Tuesday. The Korea...

Updated : 2017.06.20 14:38

Korea's current account surplus declined in 2016

South Korea's current account surplus dropped slightly in 2016 from a year earlier due mainly to decreased exports, data by the central bank showed Tuesday. The current account surplus came to $98.6...

Updated : 2017.06.20 12:04

Creditors issue ultimatum over Kumho Tire brand dispute

South Korea's state-controlled banks issued an ultimatum Tuesday urging Kumho Asiana Group to make a concession to resolve a dispute over the usage fee of the Kumho Tire brand with China's Qingdao Do...

Updated : 2017.06.20 11:40

Fruit prices rise to highest level in 4 yrs amid sweltering heat: data

The fruit price index soared to the highest level in four years last month, government data showed Tuesday, caused by unseasonably high temperatures that affected output. The index of the prices of ...

Updated : 2017.06.20 10:04

ICT ministry pushes to expand discount rate of mobile fees

The ICT ministry said Monday it is pushing to expand the discount rate of household communication fees, such as mobile phone rates, as the expenditures on telecommunication services are viewed as a b...

Updated : 2017.06.19 18:16

Korea tightens lending rules to curb property speculation

The government said Monday it would apply stricter lending regulations on homes in Seoul and parts of Busan to curb real estate speculation and reduce household debt. The announcement was made join...

Updated : 2017.06.19 16:13

Big screen TV panels to exceed 50% of global market in 2017

TVs with 50-59 inch display panels are expected to account for more than 50 percent of the global TV market this year, industry data showed Monday, indicating an industry trend toward larger-sized TV...

Updated : 2017.06.19 10:21

AIIB may finance projects for North Korea

SEOGWIPO, Jeju Province -- The Asian Infrastructure Investment Bank may finance infrastructure projects for North Korea, if its board of directors agree to it, the head of the China-led multinational...

Updated : 2017.06.18 15:58

Korea's exports to China increase for 6th straight month: KOTRA

Led by memory chips, petrochemical products and machineries, South Korea's exports to China increased in April for the sixth consecutive month despite Beijing's apparent import restrictions over a di...

Updated : 2017.06.18 14:26

Korea's chicken exports virtually suspended amid bird flu

The export of South Korean chickens has effectively come to a halt this year, apparently hit by the spread of avian influenza, government data showed Saturday. The outbound shipment of chickens reac...

Updated : 2017.06.17 11:51

AIIB highlights urgency for sustainable infrastructure

SEOGWIPO, JEJU ISLAND -- The second annual meeting of the Asian Infrastructure Investment Bank opened in Jeju on Friday, with South Korean President Moon Jae-in echoing the organization’s emphasis o...

Updated : 2017.06.16 16:36

Seoul shares down in late morning on foreign selling

South Korean stocks traded mildly lower late Friday morning as foreign investors offloaded local shares in an apparent move to lock in recent gains, analysts said. The benchmark Korea Composite Stoc...

Updated : 2017.06.16 11:52

Korea's won expected to remain steady despite US policy tightening

South Korea's won currency is likely to remain steady for the time being, despite US Federal Reserve's move to tighten its monetary policy, analysts here said Friday. The won has risen 6.9 percent a...

Updated : 2017.06.16 10:11

Korea's export prices down 1% in May on strong won

South Korea's export prices fell slightly in May from a month earlier due to the strong won and a drop in oil prices, central bank data showed Friday. In local currency terms, overall export prices ...

Updated : 2017.06.16 09:39

Number of de facto unemployed people surpasses 700,000 for 1st time: data

The number of people preparing for jobs surpassed the 700,000 mark in May for the first time ever, data showed Thursday, amid the rising unemployment among young people. The figure surged to 735,000...

Updated : 2017.06.15 16:41