EU diplomat says bloc won't punish Britain

The Korea Herald > Business > Economy

Korea needs to cut reliance on US economy: think tank

South Korea should reduce its reliance on the US economy and push to galvanize domestic demand as the world's No. 1 economy is expected to continue its slow growth down the road, a state think tank s...

Updated : 2017.03.03 11:40

Former finance minister grilled over alleged influence-peddling

Prosecutors questioned former Finance Minister Choi Kyoung-hwan Friday over suspicions of influence-peddling to get one of his former interns a job at a public corporation. The four-term lawmaker of...

Updated : 2017.03.03 10:59

Retailers see sales drop on weak consumer sentiment

South Korean retailers saw their sales fall in the first two months of this year, weighed by sluggish consumption, industry data showed Friday. The sales of Lotte Department Store, the country's lea...

Updated : 2017.03.03 10:59

Korea, MERCOSUR to launch trade talks in first half

South Korea and the South American trade block MERCOSUR will launch their official negotiations on a trade pact before the first half of this year, the trade ministry here said Friday, amid the count...

Updated : 2017.03.03 10:22

Korea's consumer prices rise 1.9% in Feb.

South Korea's consumer prices rose at a faster-than-expected pace in February as prices of oil-related products picked up, government data showed Friday. The country's consumer price index gained 1....

Updated : 2017.03.03 09:53

Consumption remains sluggish, industrial output upbeat

South Korea’s consumption remained sluggish in January, in a sign of downward pressure on the country’s economy despite a recovery in exports and industrial output, according to the country’s stat...

Updated : 2017.03.02 17:04

Cancellations of insurance policies cost people W3.8tr in Jan.-Sept. period

A growing number of South Koreans canceled their insurance policies last year due to financial woes amid a protracted economic slowdown, data showed Thursday. The cancellations cost insurance policy...

Updated : 2017.03.02 11:43

Gift card issuance grows 13% on-year

The total value of gift cards issued in South Korea last year topped 9 trillion won ($7.8 billion) for the first time, data showed Thursday. The trend is apparently good news for department stores, ...

Updated : 2017.03.02 10:28

USTR accuses Korea-US FTA of enlarging trade deficit, calls for major review

The US Trade Representative said Wednesday the free trade agreement with South Korea resulted in a "dramatic increase in our trade deficit," stressing it's time for a major review of how the US appro...

Updated : 2017.03.02 09:35

Corporate Korea concerned about legislative moves

Concerns are deepening among South Korea’s businesses over moves by political circles that are intended to improve corporate governance, but risk putting their managerial stability in danger. Liber...

Updated : 2017.03.01 15:26

Household tax burden hits record high in 2016

The tax burden for South Korean households hit a record high in 2016, data showed Wednesday, further worsening their financial situation amid a prolonged economic slowdown. Households spent more tha...

Updated : 2017.03.01 13:50

Korea's exports rise 20.2% in Feb.

South Korea's exports jumped 20.2 percent last month from a year earlier expanding at the fastest clip in five years on rising oil prices and recovering world trade, government data showed Wednesday....

Updated : 2017.03.01 10:46

Korea's experience can be role model of Asian development

South Korea will play a bigger role in Asia's investment in sustainable infrastructure through its experience of economic development and constant investment in basic facilities, a senior official at...

Updated : 2017.03.01 10:45

Talk of economic crisis lingers

The country’s top financial and monetary policymakers came forward last week to dismiss the possibility of South Korea being drawn into an economic crisis in the coming months amid rising uncertaint...

Updated : 2017.02.28 16:15

KEF chief urges self-help plans, says not to expect help from government

The head of a major business lobby on Tuesday urged local companies and their workers to work together to ensure their survival, noting they may not expect any meaningful help from the government for...

Updated : 2017.02.28 13:43