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Korea-US FTA results in US export increases, better-paying jobs to American workers

The free trade agreement between South Korea and the United States has brought about increases in overall US exports to the Asian country as well as better paying jobs to American workers, the head o...

Updated : 2017.03.10 09:08

Korea's trade minister meets with US counterpart

South Korea's trade minister met with his US counterpart to increase understanding on economic cooperation between the two countries, his office here said Thursday. In a meeting with US Secretary of...

Updated : 2017.03.09 15:48

Korea not likely to face massive job losses despite 4th industrial revolution

South Korea will not likely suffer from massive job losses with the advent of the fourth industrial revolution -- which will bring production automation and a streamlined governance system -- due to ...

Updated : 2017.03.09 11:38

Five years into effect, Korea-US FTA helps both

Contrary to what many in the United States may believe, the country's bilateral free trade agreement with South Korea has been mutually beneficial, if not more so for the United States, since its ena...

Updated : 2017.03.09 11:24

Economic recovery remains sluggish due to faltering private consumption

Faltering private consumption is dragging down South Korea's flaccid economic recovery, which has shown some signs of an upturn in exports and investment, a government report said Thursday. "An upsi...

Updated : 2017.03.09 10:48

Real estate trust firms post record net income

The net income of South Korea's real estate trust companies hit an all-time high last year, with interest rates staying low and newly built apartments selling like hotcakes, data showed Thursday. El...

Updated : 2017.03.09 09:40

Households spend nearly 7% of their monthly income on education

South Korean households spend nearly 7 percent of their monthly income on education, a survey showed Wednesday, a sign that underscores the education zeal in Asia's fourth-largest economy. The avera...

Updated : 2017.03.08 17:19

Korea's finance minister meets with AMCHAM president

South Korea's finance minister held a meeting with the representative of US businesses on Wednesday to discuss ways to expand understanding on economy and trade between the two countries. At the mee...

Updated : 2017.03.08 17:11

Decline in economically active population to affect growth potential

South Korea's economically active population is set to decline in the coming years, a local think tank said Wednesday, a chronic trend that could undermine the growth potential of Asia's fourth-bigge...

Updated : 2017.03.08 17:00

Sluggish household spending drags down economy

A set of measures unveiled by the government last month to boost private consumption included the designation of a family day once a month to encourage workers to leave work earlier and have more tim...

Updated : 2017.03.08 15:44

Mega real estate deals in Jeju stalled amid THAAD row

Large-scale real estate developments funded by Chinese investors on South Korea's resort island are struggling to move forward amid deepening diplomatic tension between China and Korea over the deplo...

Updated : 2017.03.08 12:56

Korea's economic growth may slow on THAAD impact

South Korea's annual growth could be slashed by as much as 0.5 percentage point should China continue its economic offensive against the South's decision to install a US missile defense system on its...

Updated : 2017.03.08 12:35

State-run firms hired over 20,000 new recruits in 2016

State-run firms and public organizations employed more than 20,000 new recruits last year, data showed Wednesday, as the government focused on providing more jobs in the public sector to contain the ...

Updated : 2017.03.08 10:35

Korea's finance minister vows economic, diplomatic efforts to resolve tension with China

South Korea's top economic policymaker said Wednesday that the government will make economic and diplomatic efforts to soothe the tensions stemming from China's apparent retaliation against Seoul's p...

Updated : 2017.03.08 10:32

Reshoring could be answer to high unemployment in Korea

Reshoring may be just what South Korea needs to deal with its high unemployment rate, especially for the youth, a report said Wednesday, urging additional government efforts to bring back South Korea...

Updated : 2017.03.08 10:30