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Korea's exports remain upbeat, gains weighed down by lukewarm domestic demandJun 9, 2017An upturn in global trade and exports has been helping the South Korean economy recover to some extent, but the gains are weighed down by flaccid domestic demand, including investment and private con... -
![[Monitor] OECD retains 2.6% growth for this year](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/06/08/20170608001000_0.jpg)
[Monitor] OECD retains 2.6% growth for this yearJun 8, 2017South Korea‘s economy is expected to grow 2.6 percent this year and 2.8 percent next year, according to the Organization for Economic Cooperation and Development on Wednesday. This year’s forecast h... -
Positive economic data seen in 1st month of Moon administrationJun 8, 2017Kospi rises nearly 3 percent since his May inauguration -
Korea signs multilateral treaty to prevent offshore tax erosionJun 8, 2017South Korea has signed a multilateral treaty to participate in the international movement to prevent offshore tax erosion, the finance ministry here said Thursday. Ambassador Yoon Jong-won to the Or... -
Korean economy maintains moderate recovery momentumJun 8, 2017The South Korean economy has been on a modest recovery path thanks to brisk exports and investment despite a slight downturn in industrial output, a state-run think tank said Thursday. "The Korean e... -
Seoul urged to shift to consumer, services goods in China exports: reportJun 8, 2017South Korea needs to export more services and consumer goods than intermediary products to China to keep up with the Beijing government's drive to boost domestic consumption, a report said Thursday. ... -
Koreans hold one of gloomiest views on economy: surveyJun 8, 2017South Koreans have one of the gloomiest economic views in the world, with 84 percent saying the fourth-largest Asian economy is in bad shape, a US survey showed Wednesday. South Korea had the second... -
OECD Economic Outlook predicts 2.8% GDP growth for Korea next yearJun 7, 2017The OECD Economic Outlook has predicted Korea’s gross domestic product will grow from 2.6 percent to 2.8 percent in 2018, according to its latest report released Wednesday. The OECD Economic Outlook... -
Study shows low retention of jobs created by public subsidiesJun 7, 2017Following President Moon Jae-in’s initiative for his 100-day plan for job creation, a recent study argued that the government’s short-term financial support is estimated to be ineffective in the long... -
Finance minister nominee grilled over economic valuesJun 7, 2017At a parliamentary hearing Wednesday, Kim Dong-yeon, nominee for deputy prime minister and finance minister, was under intense scrutiny over his stance that opposition lawmakers claimed would clash w... -
Minimum wage hike plan raises concernsJun 7, 2017The new government’s push for a steep increase in the minimum wage has raised concerns that job opportunities for low-income, low-skilled workers will decrease as many small companies and self-employ... -
Real income growth outpaced by economic expansion: dataJun 7, 2017The growth of real income of South Koreans has risen at a slower pace than that of economic growth over the past five years, government data showed Wednesday. The average real income of local busine... -
Moon's job committee vows to raise minimum wage earlyJun 6, 2017The new presidential committee on job creation is set to hold a series of meetings this week with business lobbies representing small and medium-sized enterprises, partly to learn their views on rais... -
Korea’s middle class declines as income distribution worsensJun 6, 2017Amid increasing income disparity, the Ministry of Strategy and Finance said Tuesday that Korea’s middle class accounted for 65.7 percent of the population last year, a 1.7 percentage point decrease c... -
Stricter lending rules looming amid rising home pricesJun 6, 2017Affluent Gangnam, Seocho lead price hikes in Seoul
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