EU diplomat says bloc won't punish Britain

The Korea Herald > Business > Economy

Korea govt. spends W22.4tr in Jan.

South Korea spent more than 22 trillion won ($19.4 billion) in government budget last month as part of its efforts to frontload its budget spending to prop up the economy, the finance ministry said T...

Updated : 2017.02.28 10:51

Income of households headed by 40-somethings grows 0.9% in 2016

South Korean households headed by people in their 40s saw their monthly income rise at the slowest pace ever in 2016, data showed Tuesday, sparking concerns it could further dampen the nation's anemi...

Updated : 2017.02.28 10:18

Investment policies get tepid response

The South Korean government unveiled Monday a series of measures to boost the economy amid sluggish domestic consumption and investment weighing down on growth. More than 150 measures were introduce...

Updated : 2017.02.27 19:06

Rates for household loans inch up in January

Bank lending rates on new household loans edged up in January, while interest rates paid by banks on new deposits fell, central bank data showed Monday. The average interest rates on fresh household...

Updated : 2017.02.27 12:06

New home permits plunge 16.1% on-year in Jan.

New home permits dropped 16.1 percent from a year earlier in January, the government said Monday, amid a government move to limit the number of new homes as a way of curbing household debt. Construc...

Updated : 2017.02.27 11:46

Korea's int'l air passenger traffic jumps 12.1% in Jan.

South Korea's international air passenger traffic jumped 12.1 percent from a year earlier last month, helped by a sharp increase in passengers to and from Japan and other Asian countries, the governm...

Updated : 2017.02.27 11:44

Korea's retail sales up 8.3% in Jan.

Sales of major South Korean retailers soared in January from a year earlier on strong sales by convenience stores and big chain supermarkets, government data showed Monday. The combined sales of dep...

Updated : 2017.02.27 11:43

Korea's crude oil imports up 5.1% in 2016

South Korea's imports of crude oil climbed 5.1 percent last year from a year earlier driven by a surge in inbound shipments of Iranian oil following the removal of international trade sanctions on th...

Updated : 2017.02.27 11:42

Korea's market cap ranked 15th in 2016

South Korea's stock market capitalization was ranked 15th in the world last year, down one notch from a year ago, according to the nation's stock market operator on Monday. The nation's market cap r...

Updated : 2017.02.27 09:56

Per capita rice consumption forecast to hit fresh low in 2017

South Korea's per capita rice consumption is forecast to hit a new low in 2017 due to people's changing eating habits, a report showed Monday. The average annual consumption of rice per person is li...

Updated : 2017.02.27 09:46

[Weekender] Mind over matter to age gracefully

In an age when people Google just about everything in search for a quick answer, know-how and guidelines on how to age gracefully are also popular topics. In the quest to age well, many tend to sear...

Updated : 2017.02.24 15:39

Korea to revise law on personal pension scheme

South Korea's financial authorities said Friday they are preparing to revise legislation on a personal pension system as part of efforts to address the post-retirement poverty problem. "The governme...

Updated : 2017.02.24 15:30

Lottery sales in Korea rise 8.4% to W3.8tr in 2016

Sales of lottery tickets in South Korea rose 8.4 percent in 2016 from a year earlier amid a protracted economic slump, the finance ministry said Friday. The Ministry of Strategy and Finance said it ...

Updated : 2017.02.24 15:10

Household real income, spending drop in 2016

South Korean households' real income and spending retreated last year from a year earlier amid a protracted economic slowdown, a government report showed Friday. An average household earned 4.4 mill...

Updated : 2017.02.24 12:06

Korea's terms of trade worsens in January

South Korea's terms of trade slightly worsened in January from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Friday. The terms of trade in...

Updated : 2017.02.24 12:05