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

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Finance minister vows measures for small businesses over minimum wage hike

South Korea's top economic policy chief said Sunday the government will promptly come up with measures to relieve smaller businesses of the burden from a decision to hike the minimum wage for next ye...

Updated : 2017.07.16 11:26

BOK expected to freeze key interest rate until mid-2018

South Korea's central bank is expected to maintain its key interest rate at a record low until mid-2018, according to an economist at Goldman Sachs on Saturday, after the Bank of Korea hinted that it...

Updated : 2017.07.16 10:57

Businesses voice concerns over minimum wage hike

South Korea's corporate lobbies on Sunday expressed concerns over a decision to hike the minimum wage for next year, saying it could worsen business conditions and hamper job creation. Park Joon-sun...

Updated : 2017.07.16 10:31

Number of jobless college graduates hits record in Q2

The number of unemployed college graduates in South Korea hit a record in the second quarter amid tightened job markets for young adults, government data showed Saturday. The number of jobless peopl...

Updated : 2017.07.16 09:20

Korea preparing for talks to amend FTA with US

South Korea is preparing for upcoming talks to amend a free trade agreement with the United States, officials said Friday. On Wednesday (US time), the US Trade Representative requested that its Sout...

Updated : 2017.07.14 16:15

[Monitor] Elderly land more jobs than youths

More seniors found employment youths in the second quarter of this year, representing the shifting demographics in the country, data showed Friday. Statistics Korea said that of those who were in em...

Updated : 2017.07.14 15:57

Trump says negotiations already started on 'horrible' free trade

US President Donald Trump has called the free trade agreement with South Korea a "horrible deal," saying that the two have already started renegotiations on it, a transcript of his recent meeting wit...

Updated : 2017.07.14 10:59

Korea cautious on US’ request for FTA amendment

The South Korean government on Thursday reacted cautiously to the US’ formal request to hold a joint meeting to revise the Korea-US free trade agreement within the next month, saying the timeline ma...

Updated : 2017.07.13 17:45

[News Focus] Korean auto, steelmakers uneasy over US’ demand for FTA revision

An official demand by US trade representatives to amend a bilateral free trade agreement with South Korea unnerved major exporters here Thursday over the potential impact on their businesses. Cars a...

Updated : 2017.07.13 16:32

Petroleum exports soar 36% in H1

South Korea's exports of petroleum products and refined oils rose sharply in the first six months of the year on rising crude prices, customs data showed Thursday. A total of $16.69 billion worth of...

Updated : 2017.07.13 15:25

BOK holds key rate steady at 1.25% in July

South Korea's central bank on Thursday held its key rate steady for July to support the country's growth. Lee Ju-yeol, the Governor for Bank of Korea (Yonhap) In a widely expected move, the monetar...

Updated : 2017.07.13 10:14

Service sector key to boosting employment

A conspicuous change in the country’s employment structure over the past decade is that the proportion taken up by the service and distribution industries has continued to grow, just as the manufact...

Updated : 2017.07.12 17:28

Korea’s weak jobs data continues

The number of newly employed workers in June saw the smallest increase in five months, according to data released by Statistics Korea on Wednesday. Last month, the number of employed people hit 26....

Updated : 2017.07.12 15:15

Household debt growth slows in June

South Korea's household debt growth slowed slightly in June, data showed Wednesday, as the government moved to control fresh loans. (Yonhap) Household debt rose by 7.8 trillion won ($6.8 billion) l...

Updated : 2017.07.12 13:13

Middle-aged Koreans want to work longer for stable livelihoods after retirement: poll

Middle-aged South Koreans want to work longer and believe they need about half of their present salaries to enjoy a stable life after retirement, a local business lobby said Wednesday. (Yonhap) In ...

Updated : 2017.07.12 12:49