Parliament passes 11.03 tln won extra budget bill

The Korea Herald > Business > Economy

Hyundai Heavy says it will not bid for Hynix

Hyundai Heavy Industries Co., the world’s leading shipbuilder, said Wednesday it will not bid for a stake in Hynix Semiconductor Inc., raising speculation that creditors may fail again to sell the wo...

Updated : 2011.07.06 19:42

Samsung forecast to log lower Q2 profit on weak panels, TVs

Samsung Electronics Co. will likely report lower-than-expected earnings for the second quarter, hit by flagging demand for TVs and slumping display prices, analysts said Wednesday. Samsung, Asia’s l...

Updated : 2011.07.06 19:42

The evolving innovation landscape

WIPO Director General Francis Gurry Innovation is a central driver of economic growth, development and better jobs. It is the key for firms to successfully compete in the global marketplace. Innovat...

Updated : 2011.07.06 19:33

Public forum on FTA on Thursday

A conference on economic opportunities and challenges arising from the Korea-EU FTA which came into effect on July 1 will take place in Seoul on Thursday. The conference, taking place at the Koreana...

Updated : 2011.07.05 19:21

Korea to foster indium, lithium exploration

Korea will crank up its push for exploit indium and lithium around the world by facilitating local companies’ direct investment into the two scarce metals by law, the government said Tuesday. The Mi...

Updated : 2011.07.05 19:18

Watchdog approves merger between 2 liquor giants

South Korea's antitrust watchdog on Tuesday approved the merger between Hite Brewery Co. and Jinro Co., saying the liquor giants' business consolidation will not hamper market competition. Hite Brew...

Updated : 2011.07.05 19:16

GM Korea unionists go on partial strike

Union workers at GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., staged a partial strike on Tuesday after wage negotiations with management broke down, the carmaker said. U...

Updated : 2011.07.05 19:16

’Non-tariff barriers still limit Korea’s energy sectors’

Alstom Korea CEO Barry Howe The Korea-EU Free Trade Agreement will benefit Korean and European firms in the energy sector, but many non-tariff barriers still limit market access, president of Alsto...

Updated : 2011.07.05 19:14

EU trade pact to boost Korean manufacturing

With the Korea-EU Free Trade Agreement now in effect, Korea’s manufacturing sector is set for a significant rise in exports to the region. The pact, formally signed in October, went into effect on ...

Updated : 2011.07.05 19:11

Korea’s real wages drop on inflation in Q1

Koreans’ real wages contracted for the first time in 18 months in the first quarter as income gains remained stagnant amid high inflation, data showed Tuesday. Korean workers’ real wages reached 2.3...

Updated : 2011.07.05 19:06

Top chaebol see affiliates mushroom

The number of affiliates of South Korea’s 15 largest chaebol has increased about 65 percent over the past four years, as the family-run conglomerates have aggressively expanded their territory in the...

Updated : 2011.07.05 19:04

Most retailers to cut prices of EU imports on FTA

More than 60 percent of Korean retailers plan to lower prices of imports from the European Union following the implementation of a bilateral free trade deal, a poll showed Monday. According to the s...

Updated : 2011.07.04 19:50

Trade volume with FTA partners doubles

Korea’s trade volume with free trade pact signatories almost doubled last year but the trade balance showed mixed reactions by regions, a report showed Monday. According to the Korea Customs Service...

Updated : 2011.07.04 19:46

Korea-EU FTA opens new doors to economic and cultural exchange

Lee Kyung-tae President of Institute for International Trade, Korea International Trade Association 2011 is a landmark year for trading companies in Korea. This is because Korea is expected to beco...

Updated : 2011.07.03 19:38

Korea's consumer prices rise 4.4% in June

Korea's consumer prices rose at a faster pace in June, raising concerns that inflationary pressure is mounting despite the government's price stability efforts, a report showed Friday. According to ...

Updated : 2011.07.01 09:32