EU diplomat says bloc won't punish Britain

The Korea Herald > Business > Economy

Overseas tuition fees fall 6% last year

Overseas tuition fees spent by South Koreans fell 6 percent last year from a year earlier due to the won's weakness and the slowing economy, the central bank said Friday. In 2016, the tuition fees f...

Updated : 2017.03.17 13:31

Young Korean women opt for renting luxury goods

Won Hee-seon recently switched from a Givenchy bag to a Prada for a "fresh look," but the decision did not result in a big dent in her bank account. The secret behind the change of designer luxury b...

Updated : 2017.03.17 10:43

Fed’s rate hike soothes market concerns, raises fundamental economic risks

The US Federal Reserve’s rate hike Thursday and its message on two additional hikes within this year has soothed concerns in the South Korean financial market for the time being, the nation’s centr...

Updated : 2017.03.16 16:45

Real estate investment down as country gears up for presidential election, rate hikes

Local property magnates are staying away from investing heavily in the country's real estate as South Korea braces for an early presidential election and possible interest rate hikes, market watchers...

Updated : 2017.03.16 15:52

Food prices remain high amid short supply

Prices of agricultural, livestock and fisheries products in South Korea remain unstable as supply fails to keep up with demand, sources said Thursday. According to the Korea Agro-Fisheries & Food Tr...

Updated : 2017.03.16 10:28

USTR nominee names Korea as example of country enjoying trade surplus

The US trade representative nominee has named South Korea as one of the leading countries enjoying trade surpluses with the US, adding to concern that the administration of President Donald Trump cou...

Updated : 2017.03.16 09:03

Korea goes all-out to diversify export markets

With its trade relationships with China and the US increasingly strained, South Korea is stepping up efforts to diversify markets for its export goods. According to data from the Korea International...

Updated : 2017.03.15 14:52

Korea logs 61st consecutive month of trade surplus in Feb.

South Korea posted a trade surplus for 61 straight months in February on a sharp upturn in outbound shipments, customs data showed Wednesday. The country's trade surplus came to $7.06 billion last m...

Updated : 2017.03.15 09:56

[News Analysis] Korea-US FTA, a win-win deal clouded by uncertain future

Even though some observers foresee a renegotiation of the South Korea-US free trade agreement, which went into effect five years ago today, experts here and in the US said the bilateral deal has bene...

Updated : 2017.03.14 18:37

BOK under fire for error in household debt statistics

The Bank of Korea has come under fire for an error in its statistics on household loans extended by savings banks at a critical time when mounting household debt is cited as a major risk to the econo...

Updated : 2017.03.14 15:18

US firms say KORUS FTA helps in more than one way

Many US exporters and importers believe the free trade agreement between South Korea and the United States not only helped keep their business growing but also improved their products and services, a...

Updated : 2017.03.14 11:16

Trade between Korea, US rises average 1.7% in past 5 yrs on FTA

South Korea's trade with the United States has grown an average of 1.7 percent per year for the past five years on the back of the bilateral free trade pact despite a downturn in world trade, governm...

Updated : 2017.03.14 11:14

Korea's exports of consumer goods to China tops $7b in 2016

South Korea sold more than $7 billion worth of consumer goods to China last year, a report showed Tuesday, amid growing concerns that this sector will suffer the most from a trade spat between the tw...

Updated : 2017.03.14 09:51

Korea's export prices fall 1.6% last month on strong won

South Korea's export prices fell 1.6 percent in February from a month earlier due mainly to the strengthening won, central bank data showed Tuesday. The dollar fell 3.4 percent to 1,144.92 won in Fe...

Updated : 2017.03.14 09:10

[Graphic News] Small businesses heavily dependent on China

South Korea’s small and mid-sized businesses in some industries are heavily dependent on China for their exports, and are continuing to suffer from Beijing’s trade retaliation for Seoul’s hosting ...

Updated : 2017.03.13 18:20