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Kotra hosts Cuba Week to promote economic ties with island nationEconomyMay 15, 2017South Korea's trade promotion agency said Monday it is hosting an event in Seoul this week to promote economic ties with Cuba. In the five-day-long 2017 Cuba Week in Korea that runs through Friday, ... -
Rising debt highlights Moon's relief pledgeMarketsMay 15, 2017The ongoing increase of household debt brings focus on whether President Moon Jae-in will manage to fulfill his pledge of curbing swelling household debt, which has long been a drag on South Korea’s ... -
Finance Ministry preparing for looming tax hikesMarketsMay 15, 2017With President Moon Jae-in promising to create 810,000 jobs and enhance welfare for ordinary people, the new government needs a big boost in fiscal income to execute jobs and welfare programs. The F... -
FTA renegotiation with US looms large for Moon administrationEconomyMay 15, 2017In his second week as Korea’s new president, Moon Jae-in faces an uphill battle in the global trade arena, as he has to mend fences with the nation’s major trading partner, the US. One of the bigges... -
Household loans up 9.8% in AprilEconomyMay 15, 2017South Korea's household loans extended by banks rose 9.8 percent in April from a year earlier due to increased mortgages, central bank data showed Monday. Outstanding household loans from lenders ca... -
Dollar-won exchange volatility narrows in AprilMarketsMay 15, 2017The dollar-won volatility eased in April from a month earlier in line with eased volatility in the global financial markets, central bank data showed Monday. The session-over-session changes in the ... -
Practical ties sought with China, JapanEconomyMay 15, 2017President Moon Jae-in’s government is seen to be moving to decouple security and historical issues from South Korea’s economic ties with China and Japan. Moon expressed such intention during phone t... -
Seoul shares up in late morning tradingMarketsMay 15, 2017South Korean shares traded higher late Monday morning as institutional buyers scooped up big cap stocks amid a massive selling spree by foreigners. The benchmark Korea Composite Stock Price Index ad... -
Stock market's daily turnover hits 22-month highMarketsMay 15, 2017The daily turnover of South Korea's main stock market has reached a 22-month high in May on the back of strong foreign buying, data showed Monday. The daily value of shares traded on the main stock ... -
New govt. set to increase taxes in 2nd halfEconomyMay 15, 2017The new Moon Jae-in administration will likely revise tax codes in the second half of the year to finance its election pledges to create jobs, government officials said Monday. On the campaign trail... -
Korea logs 63rd consecutive trade surplus in AprilEconomyMay 15, 2017South Korea posted a trade surplus for 63 straight months in April on a steady recovery in exports, customs data showed Monday. The country's trade surplus came to $13 billion last month, up from a ... -
Seoul shares open lower on foreign sellingMarketsMay 15, 2017South Korean stocks opened lower Monday as foreign investors continued to dump market heavyweights, such as Samsung Electronics amid lingering geopolitical uncertainties. The benchmark Korea Composi... -
Moon expected to set up new control tower for industrial restructuringEconomyMay 15, 2017The Moon Jae-in administration is expected to set up a new control tower for industrial restructuring as soon as its new Cabinet takes shape, inside sources said Monday. President Moon's official ca... -
1 in 5 employees work 54 hours or longer per weekEconomyMay 15, 2017One in five South Korean employees work 54 hours or longer a week with the downtrend in weekly work hours losing steam in the 2010s, government data showed Monday. According to the data by Statistic... -
Regulators recommence work to consolidate financial oversightMarketsMay 14, 2017Financial regulators have restarted their postponed discussion to consolidate a financial supervision system, a measure aimed at better spotting potential financial risks. The move is part of the Mo...
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