EU diplomat says bloc won't punish Britain

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Govt. announces housing support for 1.11m households in 2017

The South Korean government announced its annual public housing plan Wednesday, under which it will provide financial and other support to more than 1.1 million households. The government support ma...

Updated : 2017.03.08 10:28

China's retaliations shed light on inconsistencies with own free trade policy

China's economic retaliations against South Korea over Seoul's deployment of an advanced US missile defense system bring to light inconsistencies in the free trade and investment policy that Beijing ...

Updated : 2017.03.07 16:53

Govt. to revamp major insurance, pension schemes

The country will draw up mid- and long-term measures to cope with expected deterioration in the financial health of the country's key national insurance schemes and major national pension funds as th...

Updated : 2017.03.07 16:45

Korea's economic recovery loses momentum due to faltering private consumption

The South Korea's modest economic recovery bolstered by the uptick in construction and facility investment is losing steam in the face of a slowdown in private consumption, a state-run think tank sai...

Updated : 2017.03.07 12:53

Finance minister holds meeting with experts on THAAD issues

South Korea's chief economic policymaker on Monday held a meeting with local experts to discuss ways to deal with China's measures taken on some South Korean firms, in an apparent retaliation for Seo...

Updated : 2017.03.06 16:34

China ranks as one of the least open markets in the world

China stood at the bottom in terms of market openness, a global report showed Monday, spawning concerns over its protectionist stance amid heightening tension with South Korea over the deployment of ...

Updated : 2017.03.06 16:32

Measured response to reduce risks from China, US

South Korea is facing the possibility of renegotiating a bilateral free trade deal with the US while coping with increasing economic pressure from China over its planned hosting of an advanced Americ...

Updated : 2017.03.06 15:26

Private sector created least jobs in 7 yrs in 2016 amid slumping economy

The private sector created the least jobs in seven years last year amid businesses shying away from recruiting employees due to a protracted slumping economy, government data showed Monday. The numb...

Updated : 2017.03.06 12:15

Fed’s looming rate hike poses risks to Korean economy

The US Federal Reserve’s clear signal for a rate hike this month is posing downward risks to the Korean economy amid the nation’s all-time-high household debt and worries over a potential foreign c...

Updated : 2017.03.05 15:34

Korea's per capita GNI unlikely to reach $30,000 in 2017

South Korea is unlikely to reach its long-held target of $30,000 in gross national income per capita this year, as its economy is losing steam at a faster pace, local experts said Sunday. The GNI pe...

Updated : 2017.03.05 11:58

[News Focus] China’s travel ban raises alarm on economic impact

China’s reported ban on travel agencies on selling tour programs to South Korea is expected to take a toll on South Korean tourism and retailers here who rely on Chinese tourists. The China Nationa...

Updated : 2017.03.03 18:38

Finance minister pledges to push forward with stronger corporate restructuring

South Korea's finance minister said Friday that he will put more efforts into intense corporate restructuring in all industries in a bid to revive the country's growth potential. "It is important fo...

Updated : 2017.03.03 16:04

Seoul stocks sink 1.1% on Chinese backlash over THAAD

South Korean stocks dropped by more than 1 percent Friday as investor sentiment was dampened by the growing spat between China and South Korea over the deployment of a US missile defense system. The ...

Updated : 2017.03.03 16:01

BOK selects dozen operators for pilot project for coinless society

South Korea's central bank said Friday that it has selected a dozen operators for its pilot project that could potentially transform the country into what it calls a coinless society. Under the proj...

Updated : 2017.03.03 15:50

Trade ministers of S. Korea, US to meet in Washington next week

South Korea's trade minister will meet with his US counterpart next week to discuss pending issues between the two countries, the ministry here said Friday. The Ministry of Trade, Industry and Energ...

Updated : 2017.03.03 15:03