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Govt. to promote production, use of ultra-small carsEconomyDec 22, 2017The government said Friday it will push legislation early next year to promote the production and use of supermini vehicles as a means of saving energy. Ultra-small vehicles will include those with ... -
Watchdog probes banks' alleged hiring irregularitiesMarketsDec 22, 2017South Korea's financial watchdog has started an inquiry into allegations that some banks gave special favors to some job candidates related to senior executives, sources said Friday. The Financial S... -
Cryptocurrency fuels ‘irrational exuberance’: BOK Gov.MarketsDec 21, 2017South Korea‘s top monetary policymaker expressed concerns on what he called the nation’s “irrational exuberance” that may partly be blamed on the cryptocurrency frenzy among local retail investors, d... -
Korean household owes more than W70m in debt: dataEconomyDec 21, 2017One South Korean household owes more than 70 million won ($65,000) on average to banks and other financial companies this year as people borrowed to buy homes and invest in real estate and business a... -
Korea likely to grow closer to its potential growth rate in 2018: BOK chiefEconomyDec 21, 2017South Korea's central bank chief said Thursday that Asia's fourth-largest economy is expected to pull off growth close to its potential economic growth rate based on favorable global trade conditions... -
Korea to unveil financial deregulation in Q1 next yearMarketsDec 21, 2017South Korea will unveil a package of measures during the first quarter of next year on financial regulatory reforms that would lower entry barriers for new players and boost competition in the local ... -
Govt., ruling party seek measures to ensure fair transactions between big and small firmsEconomyDec 21, 2017The government and ruling Democratic Party agreed Thursday to seek a package of measures to ensure fair transactions among large and smaller companies, including bolstering negotiating power for subc... -
Record number of job quitters remain unemployedEconomyDec 21, 2017A record number of South Koreans who quit their jobs more than a year ago remained unemployed in November amid a severe job crunch, government data showed Thursday. According to the data from Statis... -
Trade figures veil weakening competitivenessEconomyDec 20, 2017Impressive trade figures logged by Korea this year have veiled the weakening competitiveness of its major manufacturing industries, analysts here say. The country’s outbound shipments in the first 1... -
Jobs, innovation, aging key parts of economic policy for 2018EconomyDec 20, 2017South Korea’s Deputy Prime Minister Kim Dong-yeon said Wednesday the country needs to tackle unemployment, foster innovative growth and address the low birthrate and aging population, a week ahead of... -
Korea to invest W110tr in renewable energy sources by 2030EconomyDec 20, 2017South Korea will build more solar and wind farms nationwide to nearly triple its renewable energy ratio by 2030, a project estimated at 110 trillion won ($101 billion), the energy ministry said Wedne... -
Govt. eyes economic growth in 3% range in 2018EconomyDec 20, 2017The government expects the economy to grow in the 3 percent range in 2018 following an estimated expansion of more than 3 percent this year, informed sources said Wednesday. It would mark the first ... -
Cryptocurrency exchange Youbit shuts down after hack attackMarketsDec 19, 2017One of South Korea’s cryptocurrency markets, YouBit, was forced to shut down on Tuesday after a hacking attack, the exchange said. Hackers stole about 17 percent of YouBit’s cryptocurrency in the at... -
FTC to reinvestigate humidifier sterilizer firms over misleading infoEconomyDec 19, 2017South Korea's antitrust watchdog said Tuesday that it has decided to reopen its probe into local humidifier sterilizer firms as its task force found some procedural loopholes in the previous investig... -
Seoul expects US pressure on auto, steel in FTA talksEconomyDec 18, 2017South Korea’s Trade Ministry said Monday that it will seek to start talks with the United States on amending the bilateral free trade deal as early as within a month, and take guard against Washingto...
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