China says considering tighter controls on yuan currency

The Korea Herald > Business > Economy

Xi stresses ties with S. Korea in meeting with Seoul delegate

Chinese President Xi Jinping stressed the importance of improving South Korea-China relations during his meeting with a South Korean delegation visiting the country, the South Korean chief of the del...

Updated : 2017.05.15 16:32

Kotra hosts Cuba Week to promote economic ties with island nation

South Korea's trade promotion agency said Monday it is hosting an event in Seoul this week to promote economic ties with Cuba. In the five-day-long 2017 Cuba Week in Korea that runs through Friday, ...

Updated : 2017.05.15 16:26

FTA renegotiation with US looms large for Moon administration

In his second week as Korea’s new president, Moon Jae-in faces an uphill battle in the global trade arena, as he has to mend fences with the nation’s major trading partner, the US. One of the bigg...

Updated : 2017.05.15 14:54

Household loans up 9.8% in April

South Korea's household loans extended by banks rose 9.8 percent in April from a year earlier due to increased mortgages, central bank data showed Monday. Outstanding household loans from lenders ca...

Updated : 2017.05.15 13:40

Practical ties sought with China, Japan

President Moon Jae-in’s government is seen to be moving to decouple security and historical issues from South Korea’s economic ties with China and Japan. Moon expressed such intention during phone...

Updated : 2017.05.15 12:42

New govt. set to increase taxes in 2nd half

The new Moon Jae-in administration will likely revise tax codes in the second half of the year to finance its election pledges to create jobs, government officials said Monday. On the campaign trail...

Updated : 2017.05.15 10:24

Korea logs 63rd consecutive trade surplus in April

South Korea posted a trade surplus for 63 straight months in April on a steady recovery in exports, customs data showed Monday. The country's trade surplus came to $13 billion last month, up from a ...

Updated : 2017.05.15 10:22

Moon expected to set up new control tower for industrial restructuring

The Moon Jae-in administration is expected to set up a new control tower for industrial restructuring as soon as its new Cabinet takes shape, inside sources said Monday. President Moon's official ca...

Updated : 2017.05.15 09:29

1 in 5 employees work 54 hours or longer per week

One in five South Korean employees work 54 hours or longer a week with the downtrend in weekly work hours losing steam in the 2010s, government data showed Monday. According to the data by Statistic...

Updated : 2017.05.15 09:25

Listed companies increase facility investments in Q1

Facility investments by listed companies showed signs of recovery in the first quarter this year, increasing 25.9 percent from the same period last year, a tally from the Korea Exchange on Sunday sho...

Updated : 2017.05.14 15:09

AMCHAM to promote benefits of Seoul-Washington FTA in US

US businesses based in South Korea said Sunday they will send a delegation to the White House this month to promote the benefits of the free trade agreement between Seoul and Washington as the Donald...

Updated : 2017.05.14 10:17

More Korean women economically active in 2017: data

The rate of South Korean women either working or actively searching for jobs reached a record high in 2017, data showed Saturday, thanks to a rising number of married women returned to the job market...

Updated : 2017.05.13 10:50

Korea's sovereign fund earns $4b last year

Korea Investment Corp., South Korea's sovereign wealth fund, said Friday it posted $4 billion in investment gains last year. The sovereign fund -- which handles $110.8 billion in assets under manage...

Updated : 2017.05.12 17:46

[Herald Interview] ‘Uncertainty Korea’s biggest economic challenge’

Export-reliant Korea’s overall economic growth in past years has been clouded by a prolonged weakness in global trade, a report by the United Nations Economic and Social Survey of Asia and the Pacif...

Updated : 2017.05.12 14:57

[Moon in Office] Sharp rise in housing prices unlikely: experts

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 third installment -- Ed. South Korea’s h...

Updated : 2017.05.12 14:54