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The Korea Herald > Business > Economy

Outlook of Korea's export is fragile: UN ESCAP

In the wake of continued economic uncertainty regarding US President Donald Trump, the possible abolishment of the five-year Korea-US FTA and political disputes with China, the United Nations Economi...

Updated : 2017.05.08 15:42

Korea has highest employment rate of seniors in OECD

South Korea has the highest employment rate of seniors among advanced countries due to the rapid aging and insufficient social welfare system, data said Monday. The employment rate of South Koreans ...

Updated : 2017.05.08 15:09

'Economic growth not leading to job creation'

South Korea’s economic growth is not leading to local job creation, as the manufacturing sector’s contribution to employment has weakened in recent years, data showed Monday. The number of employe...

Updated : 2017.05.08 14:49

[News Focus] Reshoring needed to creat jobs for youth

Recent data from the state statistics office and a local business lobby highlighted the need for the next administration to be installed following Tuesday’s presidential election to enhance the busi...

Updated : 2017.05.08 12:05

[Monitor] Number of prime-aged workers falls

The proportion of those in their prime working age out of the total economically active population dropped to its lowest point in the first quarter this year, Statistics Korea data showed Saturday. ...

Updated : 2017.05.07 15:43

Korean economy on modest recovery track

The South Korean economy has been showing some modest signs of recovery thanks to brisk exports and investment but the momentum remains weak due to flaccid private consumption, a state-run think tank...

Updated : 2017.05.07 13:20

Direct taxes account for record 55.3% of all dues collected by the govt. in 2016

Direct taxes collected by the state made up a record 55.3 percent of all dues collected in 2016, official data showed Sunday. The rise comes as the government reformed its tax credit rules on income...

Updated : 2017.05.07 11:23

Land owned by foreigners up 2.3% last year

The total amount of South Korean land owned by foreigners increased 2.3 percent in 2016 compared to a year earlier, the government said Sunday. At the end of 2016, foreign investors owned a total of...

Updated : 2017.05.07 11:06

Korean finance minister urges measures against unfair trade practices

South Korea's chief economic policymaker has called for bold measures against unfair trade practices, expressing worries over growing protectionism by advanced economies. At an annual gathering of t...

Updated : 2017.05.07 10:02

Jobless rate among inexperienced 20s, 30s hits record in Q1

SEJONG (Yonhap) -- The unemployment rate for the age group of 20s and 30s with no career experience hit a record high in the first quarter, due largely to a sluggish recruitment market and preference...

Updated : 2017.05.06 15:36

Korean economy to gain further momentum after election: BOK chief

YOKOHAMA, Japan (Yonhap) -- The South Korean economy will gain further momentum after the presidential election set to take place early next week, central bank governor said Saturday, citing strong e...

Updated : 2017.05.06 11:25

Korea, Japan, China vow to resist protectionism

Chief financial policymakers of South Korea, Japan and China have vowed to fight against "all forms of protectionism" amid growing concerns of US President Donald Trump's protectionist policies. Fin...

Updated : 2017.05.05 10:26

Korea preparing for every possibility, including renegotiation of Korea-US FTA

South Korea's trade minister said Thursday that the government is preparing for every possible scenario, including the renegotiation of a free trade deal with the United States. "Seoul is studying e...

Updated : 2017.05.04 15:44

Korea, China, Japan finance ministers to hold talks in Yokohama

Finance ministers and central bank governors of South Korea, China and Japan will hold talks to coordinate policies and strengthen cooperation in the emergence of trade protectionism, Seoul's finance...

Updated : 2017.05.04 15:19

Services deficit hits record high amid THAAD fallout

South Korea’s chronic deficit in its services account hit a new high in the first quarter, as Chinese tourists shunned the country in the wake of Beijing’s apparent retaliation against the deployme...

Updated : 2017.05.04 14:11