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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

New industries to create 380,000 new jobs by 2025, ministry forecasts

New industries such as electric and autonomous vehicles, smart ships and robots will create some 380,000 new jobs, a report by the Minister of Commerce, Industry and Energy showed Wednesday. In the ...

Updated : 2017.05.17 14:35

[News Focus] Income-led growth faces hurdles

South Korea’s per capita gross national income has remained below $30,000 for more than a decade since it surpassed the $20,000 mark for the first time in 2006. A survey conducted by a local pollst...

Updated : 2017.05.17 14:30

Korea's export prices hit 8 year record high in April

South Korea's export prices hit a record eight year high in April due to strong demand for electric and electronic products as well as petrochemicals, central bank data showed Wednesday. In local cu...

Updated : 2017.05.17 09:43

[Monitor] Slump-hit shipbuilding workforce shrinks by 14.8%

Hit by the prolonged slump, South Korean shipbuilders and related businesses cut 8,670 or 14.8 percent of their workforce last year, data by industry tracker Chaebul.com showed Tuesday. The data bas...

Updated : 2017.05.16 15:57

Koreans' overseas card spending up 65% during 'golden' holiday in May

Overseas card spending by South Koreans rose 65 percent during the "golden" holiday period in May from a year earlier, data showed Tuesday. The data compiled by KB Kookmin Card Co. showed that purch...

Updated : 2017.05.16 11:23

KITA to send special economic mission to US in June

The Korea International Trade Association announced Monday that it plans to send a special economic mission to the United States in June, the first such visit to be made since US President Donald Tru...

Updated : 2017.05.15 18:09

[Monitor] One in five Koreans work 54 hours or more

One out of every five employees working in South Korea work 54 hours a week or longer, Statistics Korea‘s data showed Monday. While the average working hours continued to drop since the introductio...

Updated : 2017.05.15 16:44