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

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[Monitor] More mothers opt to work

The number of South Koreans who are economically inactive due to reasons related to child care has dropped to a record low this year amid the country‘s chronic low birthrate, data by Statistics Kore...

Updated : 2017.07.18 16:33

Korea moves to strengthen rights of franchisees

South Korea's antitrust regulator announced a set of measures meant to strengthen rights of franchisees Tuesday, a sign that underscores the government's commitment to ending unfair business practice...

Updated : 2017.07.18 16:25

Ex-Daewoo shipyard CEO gets reduced sentence in appeal over accounting fraud

A Seoul appellate court on Tuesday commuted the sentence on a former head of a now debt-ridden shipyard convicted of massive accounting fraud that culminated in state-led fund injections. The Seoul ...

Updated : 2017.07.18 15:09

Sluggish economy means no summer holiday for 1 in 5 Koreans

One in five workers said that they will not be able to take time off work this summer, citing a sluggish economy and excessive workload as the main reasons, according to a survey by workers education...

Updated : 2017.07.18 15:06

US Congress asks USTR for consultation in amending FTA with Korea

The US Congress has called on the United States Trade Representative to arrange for a consultation meeting in regards to any amendments to the free trade pact with South Korea, Seoul's trade promotio...

Updated : 2017.07.18 12:03

Minimum wage increase to raise pay for foreign workers by W1.75tr

The approved minimum wage increase next year will incur 1.75 trillion won ($1.55 billion) in additional pay for small and medium-sized enterprises that hire foreign workers, a local business associat...

Updated : 2017.07.18 09:29

Number of child rearing-related economically inactive people hit record low levels

The number of child rearing-related economically inactive South Koreans fell to a record low level this year amid the country's chronic low birthrate, government data showed Tuesday. Economically in...

Updated : 2017.07.18 09:28

Korea could file suit with WTO against US protectionist measures: minister nominee

South Korea's trade minister nominee said Monday that he does not rule out the possibility of filing a complaint with the World Trade Organization (WTO) over US protectionist measures. Paik Un-gyu s...

Updated : 2017.07.17 20:07

Korea’s growth potential plummeting

Bank of Korea’s upward revision last week of its 2017 growth forecast for the Korean economy was overshadowed by its gloomier estimate of the growth potential of Asia’s fourth-largest economy. The...

Updated : 2017.07.17 16:31

[Monitor] Korea’s new power supply plan amibitious

According to a report on the new government’s new energy supply plan submitted to Rep. Choi Yeon-hye of the Liberty Korea Party, Korea’s target is similar to those of major countries and regions. B...

Updated : 2017.07.17 16:17

Semiconductor export prices hit 30-month high

Korea’s export price index of semiconductors hit 48.79 last month, reaching the highest in more than two years, according to the Bank of Korea on Monday. Last month’s price index of semiconductor...

Updated : 2017.07.17 15:23

Seoulites’ daily work commute exceeds 2 hours

It takes the average Korean worker more than 100 minutes to commute to and from work every day, according to data from Job Korea, an internet employment site, on Monday. For Seoul residents, the ave...

Updated : 2017.07.17 14:54

Data indicate tariff elimination doesn't account for increased Korean car exports to US

South Korea's car exports to the United States have declined, rather than increased, after the two countries abolished import taxes last year as part of their free trade agreement, data showed Sunday...

Updated : 2017.07.16 14:50

BOK eyes slowdown in 2018 facility investment

Growth of South Korea's corporate capital expenditures is expected to lose steam sharply in 2018 due to this year's big investments by major companies, the central bank said Sunday. Corporate invest...

Updated : 2017.07.16 11:59

Retailer confidence remains weak for Q3

A majority of South Korean retailers remain downbeat on their business conditions in the third quarter amid concerns over weak domestic demand and high household debt, a poll showed Sunday. (Yonhap)...

Updated : 2017.07.16 11:39