China says considering tighter controls on yuan currency

The Korea Herald > Business > Economy

Sharing economy expands presence in Korea

Lee Eun-hee, a 38-year-old lawyer, decided to visit Osaka in Japan with a friend in early November last year and set a new motto for this trip: spend less money on sleeping and focus more on eating a...

Updated : 2017.04.28 09:34

Korea's seaport cargo up 3.8% in Q1

Cargo processed at South Korean seaports rose slightly during the first three months of 2017 from a year earlier amid a steady increase in exports, government data showed Friday. Cargo handled at th...

Updated : 2017.04.28 09:24

Korea's manufacturing sentiment up for May

South Korean manufacturers' business sentiment for next month improved slightly as local companies expect steady gains in domestic demand and exports, data by the central bank showed Friday. The bus...

Updated : 2017.04.28 09:23

Korea to sell W7.75tr state bonds in May

South Korea plans to sell a combined 7.75 trillion won ($6.84 billion) in state bonds next month, the finance ministry said Thursday. The government will issue 1.8 trillion won in bonds with a matur...

Updated : 2017.04.27 17:23

FTA with Vietnam to boost exports on tariff removals

The three-year-old free trade agreement with Vietnam will allow South Korean companies to further increase their auto, steel and petrochemical exports on tax removal or cuts, customs experts said Thu...

Updated : 2017.04.27 16:27

Number of unemployed elderly hits record high: data

The number of unemployed people aged 65 or older hit a record high in recent months, government data showed Thursday, amid the lack of proper job openings for senior citizens,m whose number has been ...

Updated : 2017.04.27 13:08

Supplementary budget seems unlikely option

Attention is being drawn to whether a new administration to be installed following the May 9 presidential election will push to draw up a supplementary budget this year. With the country’s economy ...

Updated : 2017.04.27 12:52

Industrial power consumption grows for 5 straight quarters in Q1

South Korea's industrial electricity consumption rose for five straight quarters in the first three months of the year on a sharp upturn in the chipmaking and chemical sectors, the government said Th...

Updated : 2017.04.27 12:43

GDP growth accelerates in Q1 on strong exports, investment

South Korea’s economy grew at a faster pace in the first three months of the year on the back of robust exports and stronger-than-expected investment in construction and facilities, the central bank...

Updated : 2017.04.27 12:39

Korea's economic growth accelerates in Q1: BOK

South Korea's economy grew at a faster pace in the first quarter than three months earlier due to increased construction investment and exports, central bank data showed Thursday. In the January-Mar...

Updated : 2017.04.27 09:30

[Monitor] Women hired most in restaurants, bars

As of October last year, some 1.11 million women were hired in restaurant businesses, taking up 9.8 percent of the total working women. When adding bars and other beverage outlets, the proportion rea...

Updated : 2017.04.26 16:27

Kospi tops 2,200

South Korea’s stock market stayed bullish, with its benchmark Korea Composite Stock Price Index crossing the 2,200 mark for the first time in six years Wednesday, amid world market rallies and the e...

Updated : 2017.04.26 16:11

Korea, India agree to avoid double taxation

South Korea's top tax official and his Indian counterpart agreed to avoid double taxation between the two countries, the government said Wednesday. National Tax Service chief Lim Hwan-soo and India'...

Updated : 2017.04.26 15:51

Private pension savings fall far short of investors' needs in old age

Payouts by private pension savings accounts to investors significantly fell short of needs for post-retirement life, official data showed Wednesday. The average monthly payout by private pension sav...

Updated : 2017.04.26 15:49

Kospi tops 2,200 for first time in 6 years

South Korea’s benchmark Korea Composite Stock Price Index topped 2,200 points, for the first time in six years when it opened Wednesday. The main bourse soared 5.52 points, or 0.25 percent, to reac...

Updated : 2017.04.26 10:01