Moon suggests ‘action for action’ in engaging NK

The Korea Herald > Business > Economy

Korea’s trade surplus hits record high $41.2b in 2010

Korea’s trade surplus reached a record high last year, aided by robust exports of semiconductors, ships and other key products, the customs office said. The country’s trade surplus reached a revised...

Updated : 2011.01.17 18:36

BOK chief calls for addressing global imbalances

BOK Gov. Kim Choong-soo (Yonhap News) South Korea's top central banker stressed on Sunday the need to address global imbalances in a bid to prevent global financial turmoil, calling for swiftly sett...

Updated : 2011.01.16 14:59

S. Korea's inflation may grow in 4 pct-range in Q1: analysts

South Korea's consumer prices may grow in the 4-percent range in the first quarter, as rising raw material costs and food prices are putting upward pressure on consumer inflation, experts said Sunday...

Updated : 2011.01.16 14:50

Women must wear bras at work: court

Bosses in Germany came out on top Wednesday in a court ruling that said they can insist female workers wear bras. The State Labor Court in North Rhine-Westphalia ruled on a case between an airport s...

Updated : 2011.01.16 11:05

S. Korean shares to gain next week

South Korea 's stock market is expected to continue doing well next week although gains will be more modest as investors may take on a more wait-and-see approach, local analysts said Saturday. The ...

Updated : 2011.01.15 14:32

Chinese women take on `Man's World' with $400,000 Maseratis

Beijing resident Lily Liu has always liked driving fast, and she doesn’t mind spending to indulge that passion. Liu, 44, bought a gray Porsche AG 911 Carrera S two years ago for 1.2 million yuan ($...

Updated : 2011.01.14 15:32

Watchdog halts operations of troubled savings bank

South Korea's financial regulator on Friday suspended operations of an embattled savings bank as it accelerates efforts to restructure the savings banks industry distressed with souring construction ...

Updated : 2011.01.14 11:41

Obama gov't wants Congress to approve Korea FTA before July: Kirk

The Obama administration wants Congress to ratify the free-trade deal with South Korea before a similar pact between South Korea and the European Union goes into effect in July, the chief U.S. trade ...

Updated : 2011.01.14 10:55

S. Korea's business heads vow efforts to outperform expectations

Heads of South Korea's largest conglomerates on Thursday vowed efforts to outperform expectations for the country's economy this year and urged an early implementation of a free trade agreement (FTA)...

Updated : 2011.01.13 20:44

Portugal claims success in bond sale

Demand strong for bond, but bailout worries linger LISBON (AFP) ― Portugal said it passed a key test on Wednesday with a successful bond sale but analysts were cautious, arguing that a bailout rema...

Updated : 2011.01.13 18:25

BOK unexpectedly hikes key rate to 2.75 pct

SEOUL, Jan. 13 (Yonhap) -- South Korea's central bank unexpectedly raised the key interest rate by a quarter percentage point on Thursday in an apparent bid to contain growing inflationary pressure. ...

Updated : 2011.01.13 10:54

Gasoline price tops 1,800 won nationwide

The price of regular unleaded gasoline topped 1,800 won ($1.5) per liter in all metropolitan cities and provinces nationwide as of Tuesday, the state-run Korea National Oil Corp. said Wednesday. It ...

Updated : 2011.01.12 18:51

Korea economy posts strong jobs growth

Korea’s economy added jobs in December at the fastest rate for seven months as manufacturers boosted hiring amid strong exports, official figures showed Wednesday. The number of employed people sto...

Updated : 2011.01.12 18:47

Rise in trade with China exposes Korea to pressure

HONG KONG (Yonhap News) ― Korea has come up against a dilemma as its export-led economy grows more dependent on China, which poses both opportunities and risks at the same time, experts say. China’s...

Updated : 2011.01.12 18:45

Korea’s sovereign debt cost declined in Dec.

The cost of issuing Korea’s sovereign debt declined in December as market jitters eased over geopolitical tensions prompted by North Korea’s latest provocations, data showed Wednesday. The spread on...

Updated : 2011.01.12 18:31