President says special envoys help fill diplomatic hiatus

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Debt ratio of listed firms edges up in Q1

South Korean companies listed on the country's main stock market saw their debt ratio inch up in the first quarter of this year from three months earlier, data showed Monday. The debt-to-equity rati...

Updated : 2017.05.22 09:17

Producer prices up for 6th straight month in April

South Korea's producer prices rose for a sixth straight month in April on rising oil and raw material prices, central bank data showed Monday. The producer price index -- a barometer of future consu...

Updated : 2017.05.22 09:01

Moon puts chaebol reform, income growth top on economic agenda

President Moon Jae-in’s chaebol reform drive became even more clear on Sunday as he named a longtime activist for shareholders’ rights and transparent corporate governance as the chief of the staff...

Updated : 2017.05.21 16:16

Korea records highest Q1 growth among top exporting nations

South Korea‘s exports recorded the fastest quarter growth among the world’s leading exporting countries with its first quarter revenue totaling $132.3 billion, up 14.9 percent from the same period ...

Updated : 2017.05.21 15:03

AmCham meets White House officials

Leaders of the American Chamber of Commerce in Korea recently concluded their senior-level “Doorknock” meetings in Washington, during which the delegation met with key officials of the Trump Admini...

Updated : 2017.05.21 13:58

BOK expected to hold policy rate steady in May: Moody's Analytics

South Korea's central bank is expected to hold its key rates steady this month due to weak domestic spending, a report by Moody's Analytics said Sunday. The Bank of Korea kept its policy rate at an ...

Updated : 2017.05.21 09:34

New gov't to tweak merit pay for public agencies: analysts

South Korea's new Moon Jae-in government is expected to make only small changes to the current merit pay system for all public agency employees instead of scrapping it all together, analysts said Fri...

Updated : 2017.05.19 09:53

Retailers struggle with weak sales as concerns over gov't rules loom

Retailers are struggling with weak sales amid unfavorable market conditions industry data showed Friday, with prospects of new government regulations adding to their worries. According to the sales ...

Updated : 2017.05.19 09:50

[Moon in Office] How far can chaebol reform go?

The Korea Herald is publishing a series of articles delving into the economic policies and tasks expected of the new Moon Jae-in administration. This is the sixth installment -- Ed. President Moon J...

Updated : 2017.05.18 17:04

Nominee for FTC chief aims strict regulation on big 4 biz groups

Kim Sang-jo, South Korea’s nominee for chief of the anti-trust watchdog, said on Thursday he would apply stricter fair trade laws to the four largest chaebol when he takes office. Often called “ch...

Updated : 2017.05.18 17:01

17 companies report 'WannaCry' damage in Korea

South Korea's state-run cybersecurity agency said Thursday that 17 companies have been struck by "WannaCry" so far, but the spread of the ransomware has slowed. The Korea Internet & Security Agency ...

Updated : 2017.05.18 15:23

Koreans' overseas card spending hits record high in Q1

Overseas card spending by South Koreans hit a record high in the first quarter due to a hike in the number of people going overseas, the central bank said Thursday. In the January-March period, over...

Updated : 2017.05.18 15:05

Punishment softened against 3 life insurers over suicide claims

South Korea's financial regulator on Wednesday eased penalties against the nation's top three life insurers over unpaid suicide insurance benefits. Kyobo Life Insurance was ordered to halt operation...

Updated : 2017.05.18 10:07

Middle-aged group says parents' medical bills biggest financial burden

Middle-aged South Koreans who live with or support their parents financially feel the heaviest burden when bearing their medical bills, but some saw it as a duty that has to be fulfilled even if mean...

Updated : 2017.05.17 17:01

[Monitor] Export, import prices surge in April

Buoyed by rising international oil prices, South Korea’s export and import prices each surged by 0.5 percent in April compared to the previous month, the Bank of Korea said Wednesday. The provision...

Updated : 2017.05.17 15:54