The Korea Herald

Startup Ministry launches ‘ScaleUp’ workshop in Changwon

Nov 15, 2017

The Ministry of SMEs and Startups launched its three-day Growth Ecosystem ScaleUp Workshop in Changwon, South Gyeongsang Province, on Wednesday, highlighting a new vision to revitalize the local econ...
Finance minister vows to ease cost burden of higher minimum wage

Nov 15, 2017

South Korea's finance minister said Wednesday that the government will make efforts to reduce increasing labor costs that small businesses would suffer due to the government-led hike in minimum wage....
WTO rules in favor of S. Korea over US anti-dumping duties on steel pipes

Nov 15, 2017

The World Trade Organization has ruled in favor of South Korea’s complaint that the United States’ anti-dumping duties against Korean steelmakers is in violation of international trade law, according...
Samsung Electronics board members receive W6.8b won average pay in Q1-Q3

Nov 15, 2017

Four Samsung Electronics executives who sit on the company's board of directors received nearly 6.8 billion won ($6.08 million) in pay per person in the first three quarters of this year, the tech fi...
Korea's jobless rate drops to 10-month low in Oct.

Nov 15, 2017

South Korea's jobless rate dropped to the lowest level in 10 months in October, but the rate of the fall slowed down, government data showed Wednesday. The unemployment rate stood at 3.2 percent las...
IMF upgrades Korea's economic growth outlook to 3.2% this year

Nov 14, 2017

The International Monetary Fund said Tuesday that it has revised up its growth outlook for South Korea's economy this year to 3.2 percent. The upward revision came a month after the IMF adjusted Sou...
Korea, Japan discuss more job opportunities for Koreans in Japan

Nov 14, 2017

South Korea and Japan have discussed ways to provide Koreans with more job opportunities in Japan where employment rates rose speedily, the foreign ministry said Tuesday. During his three-day trip t...
Most of Koreans think the 1997 financial crisis caused fallout: survey

Nov 14, 2017

More than half of South Korean people think the 1997 Asian financial crisis had an adverse impact on the economy, society and their daily lives, a survey showed Tuesday. Twenty years ago, Asia's fou...
Govt. to retain budget for anti-smoking programs after heavy criticism

Nov 14, 2017

Parliament is to reinstate the reduced budget for anti-smoking programs, sources said Tuesday, following public criticism that the country is neglecting its responsibility despite a rise in revenue b...
[Monitor] Korea's global market share in exports to break record

Nov 13, 2017

With South Korea‘s exports rallying, its global market share is to touch a record high at 3.33 percent this year, a report by the Institute for International Trade, Korea International Trade Associat...
Korea's economy to grow in mid-2% range next year: experts

Nov 13, 2017

South Korea's economy is expected to grow in the mid-2 percent range in 2018, slowing down from the 3 percent estimated for this year due to market uncertainties, economists said Monday. In a semina...
Korea raises concerns over China's cyber security measures in WTO meeting

Nov 13, 2017

South Korea has raised issues with China's strict cyber security regulations at a recent meeting of the World Trade Organization, citing concerns of potential trade secret infringement, a trade agenc...
Koreans give themselves low scores on travel etiquette

Nov 13, 2017

South Koreans give themselves low scores on overseas travel etiquette and are most ashamed of being noisy in public places, a survey said Monday. A poll conducted by Hankook Research on behalf of th...
October jobless rate expected to edge higher from September

Nov 11, 2017

South Korea's jobless rate is expected to have reached 3.7 percent in October, compared to 3.4 percent a month earlier, according to a forecast by credit appraiser Moody's Investors Services on Satur...
S. Korean leader calls for APEC free trade, pledges support for regional FTA

Nov 10, 2017

South Korean President Moon Jae-in urged efforts to promote free trade in the Asia-Pacific region Friday, voicing support for the early conclusion of a regional trade deal known as the Regional Compr...