Former Ambassador to US Hyun passes away

The Korea Herald > Business > Economy

Korea posts $2.85b trade surplus in Feb.

Surplus down from January but country posts record daily exports of $2.05b despite Mideast turmoil Korea posted a $2.85 billion trade surplus in February, the 13th straight month that it has recorde...

Updated : 2011.03.01 18:01

S. Korea's trade surplus reaches $2.8 bln in Feb.

South Korea's trade surplus reached $2.84 billion in February mainly due to solid export gains in the face of unfavorable global developments, a government report showed Tuesday. The February trade ...

Updated : 2011.03.01 12:24

U.S. working hard to ratify Korea FTA this spring: USTR

WASHINGTON -- The Obama administration is working hard to clear the pending free trade deal with South Korea through Congress this spring so as not to lag behind the European Union, which ratified a ...

Updated : 2011.03.01 10:57

Libyan unrest worries Korea

The intensifying turmoil in Libya and the Middle East is feared to serve a major blow to the Korean economy and its firms doing business in the region. Korean builders seem to be hit hardest by the ...

Updated : 2011.02.28 19:15

Korea to expand tariff quota on powdered milk, pork belly

Korea will expand the amount of powdered milk and frozen pork belly subject to no import taxes as part of efforts to ease price hikes sparked by the massive slaughter of livestock amid the spreading ...

Updated : 2011.02.28 18:50

FSC may approve Hana’s takeover of KEB in March

The Financial Services Commission is expected to approve Hana Financial Group’s takeover of Korea Exchange Bank in March, an official said on Monday. “There seems to be no major problem with its fun...

Updated : 2011.02.28 18:22

[Herald Interview] Former lawmaker sees U.S. FTA ratification soon

The only Korean-American to have served in U.S. Congress expects the KORUS FTA to be ratified in the U.S. soon, possibly within the spring. “I think it’s going to be ratified easily, perhaps by Ma...

Updated : 2011.02.28 17:55

Korea raises energy alert over oil prices

Measures in force to reduce energy use South Korea raised its energy alert level on Sunday and will launch a set of emergency conservation measures on Monday to counter surging crude oil prices, the...

Updated : 2011.02.27 20:15

Seoul shares to fluctuate on Libya crisis this week

Korean shares will likely remain bearish this week as the political unrest in the Middle East will continue to drive up oil prices, adding more inflationary pressure on the economy, analysts said. T...

Updated : 2011.02.27 19:03

Korea to delay carbon trading to 2015

Korea’s government is delaying carbon emission trading to 2015 after opposition from the industry to implement it in two years. The revised bill, which reflects feedback from businesses, will be sub...

Updated : 2011.02.27 18:37

Lee’s business diplomacy expands market

Emphasis on free-trade deals has increased access for Korean exports President Lee Myung-bak’s emphasis on business diplomacy for the past three years has been catapulted Korea to the forefront of f...

Updated : 2011.02.27 18:37

S. Korean manufacturers' sentiment edges down for Q2

South Korean manufacturers' confidence inched down for the second quarter on jitters over currency volatility and rising costs of raw materials, a poll showed Sunday. In its survey of 1,326 local ma...

Updated : 2011.02.27 14:48

Lee praised for crisis response

During his three years in office, President Lee Myung-bak is praised for achieving a rapid recovery from the financial crisis and boosting Korea’s economic clout in the world. His government has wid...

Updated : 2011.02.24 19:16

Regulator decides not to allow fourth telecom

The Korea Communications Commission said Thursday that it decided not to allow a fourth telecom to establish in the local market due to its lack of business strategies and funding abilities. During ...

Updated : 2011.02.24 19:11

Korea to join G20 inflation control

Finance minister calls for policy focus on price stability Korea will participate in the Group of 20’s efforts to control sharp price hikes in key commodities that have a direct bearing on economic ...

Updated : 2011.02.23 19:04