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The Korea Herald > Business > Economy

S. Korea's exports surge 24% in April

South Korea’s outbound shipments surged 24.2 percent in April from a year prior to $51 billion, mainly boosted by strong sales of ships and semiconductors, data by the Trade Ministry showed Monday. ...

Updated : 2017.05.01 14:57

BOK retrieves coins worth more than W16.5b in Q1

Coins worth more than 16.5 billion won ($14 million) were returned to South Korea's central bank in the first quarter, data showed Monday. The figure represents a 375 percent hike from 3.47 billion ...

Updated : 2017.05.01 14:55

Samsung denies re-entry to auto market despite autonomous car push

Samsung Electronics on Monday denied local reports that it aims to re-enter the car making industry, following government approval of a test run for a self-driving car. The Ministry of Transport and...

Updated : 2017.05.01 14:44

SMEs hold key to settling joblessness

In a rare consensus, the five major candidates for next week’s presidential election have pledged to strengthen support for small and medium-sized enterprises as a way to increase employment. Whoev...

Updated : 2017.05.01 14:12

Korea's exports soar 24.2% in April

South Korea's exports continued to rise in April, extending their winning streak to six months, on the back of brisk overseas sales of ships and chips, the trade ministry said Monday. Outbound shipm...

Updated : 2017.05.01 09:52

Korea to raise parental leave subsidy for second child

Starting in July, the maximum parental leave subsidy for a second child will rise to 2 million won ($1,753) a month for the first three months, the Welfare Ministry said Sunday. In November 2014, th...

Updated : 2017.04.30 15:19

Uncertainty over Trump's policies grows: BOK

The Bank of Korea said Sunday that despite US President Donald Trump celebrating his first 100 days in the White House, uncertainties over his policies have grown and are causing jitters. Citing con...

Updated : 2017.04.30 14:24

Local think tank ups Korea's growth forecast on exports, investments

A local private think tank said Sunday it has raised its growth outlook for South Korea this year, helped by increased exports and facility investments. The Korea Institute of Finance projected the ...

Updated : 2017.04.30 12:06

Korea's external earnings to fall 2.7% if China exports drop 10%: KIET

South Korea's external earnings will fall by 2.7 percent if exports to China contract by 10 percent, a report by a state-run think tank showed Sunday. The report analyzing global trade friction rele...

Updated : 2017.04.30 11:53

Korea to suffer $17b loss in exports if FTA with US renegotiated

South Korea's exports to the United States are expected to suffer losses as much as $17 billion over five years if the two nations renegotiate a bilateral free trade deal, according to a report on Su...

Updated : 2017.04.30 11:08

Korea's economy facing uncertainties despite signs of recovery

South Korea's economy is still facing uncertainties, although it has shown signs of recovery, the nation's financial regulator said Friday. The South Korean economy expanded 0.9 percent in the first...

Updated : 2017.04.28 15:47

Govt. moving to check Trump's statement to scrap Seoul-Washington FTA

The South Korean government is trying to figure out the exact meaning of US President Donald Trump's statement that he will fix or scrap a bilateral free trade deal between the two countries, officia...

Updated : 2017.04.28 15:33

Trump's remarks on FTA with Korea could trigger protectionism: biz lobby

South Korean businesses on Friday expressed serious concerns that US President Donald Trump's remarks on the bilateral free trade deal could trigger protectionism worldwide. In an interview with Reu...

Updated : 2017.04.28 15:29

BOK to keep monetary easing policy to support growth

South Korea's central bank pledged Friday to keep the current monetary easing policy to support growth in Asia's fourth-largest economy. For this month, the Bank of Korea kept its key rate at an all...

Updated : 2017.04.28 12:07

ASEM economic ministers to discuss measures against trade protectionism

Joint countermeasures against trade protectionism will be a central agenda item at an economic ministerial meeting of Asian and European countries in Seoul later this year, trade ministry officials s...

Updated : 2017.04.28 10:53