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Top financial regulator calls for swift clearing of bad loansJul 21, 2017South Korea's top financial regulator on Friday called for the swift clearing out bad loans, saying that there is the need to achieve tangible results next month. Choi Jong-ku, the new chairman of t... -
Korea's July 1-20 exports jump 22.4% on-yearJul 21, 2017South Korea's exports rose 22.4 percent for the first 20 days in July from the same period last year helped by a robust shipment of ships and semiconductors, government data showed Friday. Exports t... -
Minimum wage hike to cut profits at retail sectors, but bolster consumptionJul 21, 2017A decision by the government to raise the minimum wage next year is expected to cut profits at convenience and discount store chains, but it could help bolster consumption, according to foreign inves... -
White House cites start of KORUS renegotiations as accomplishmentJul 21, 2017The White House on Thursday cited the Donald Trump administration's launch of a process to renegotiate the bilateral free trade agreement with South Korea as an accomplishment during the president's ... -
Korean economy to grow 2.7% in 2017: ADBJul 20, 2017South Korea's economy is expected to grow 2.7 percent in 2017 from a year earlier, the Asian Development Bank said Thursday, revising up its previous outlook of 2.5 percent. The bank cited abated po... -
Moon reiterates paradigm shift to address low growth, economic polarizationJul 20, 2017President Moon Jae-in on Thursday reiterated his call for an economic paradigm shift to address weak growth and polarization, stressing a more active government role in tackling the country's economi... -
![[News Focus] How will class action suits be introduced in Korea next year?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/07/20/20170720001059_0.jpg)
[News Focus] How will class action suits be introduced in Korea next year?Jul 20, 2017After some two decades of disputes, class action suits for basic consumers may be introduced next year, according to the top 100 policy plans announced by the Moon Jae-in administration on Wednesday.... -
![[Monitor] Moon’s five-year plan needs W178tr](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/07/20/20170720001024_0.jpg)
[Monitor] Moon’s five-year plan needs W178trJul 20, 2017Based on President Moon Jae-in’s five year administration plan, a total of 178 trillion won ($158 billion) is needed to support his major policies and tasks, according the State Affairs Planning Advi... -
Korea to launch new ministry dedicated to SMEsJul 20, 2017South Korea will set up a new ministry in charge of small and medium-sized businesses that will be dedicated to supporting smaller companies and creating more jobs, the government said Thursday. Aft... -
Agriculture minister says no to FTA changes on rice importsJul 20, 2017South Korean Minister of Agriculture, Food and Rural Affairs Kim Yung-rok said Thursday he would not concede to any demand for an increase in rice imports from the US when talks begin regarding modif... -
Korea creates post of trade minister ahead of talks with USJul 20, 2017South Korea on Thursday created the post of trade minister in a move to strengthen its negotiating capacity ahead of crucial talks with the United States on revising the bilateral free trade deal. T... -
![[News Focus] US’ currency manipulation ban looks to press KORUS FTA amendments](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/07/20/20170720001008_0.jpg)
[News Focus] US’ currency manipulation ban looks to press KORUS FTA amendmentsJul 20, 2017The US government this week released a 17-page summary of its proposal to renegotiate the North American Free Trade Agreement that included a ban on currency manipulation, which is also expected to i... -
Convenience stores see profit sliding as market gets more crowdedJul 20, 2017Per-store operating profit at convenience stores in South Korea fell in 2015 as the market became more crowded, government data showed Thursday. An average per-store operating profit at franchised c... -
Korea to shift economic paradigm over low growth, polarizationJul 20, 2017South Korea's finance chief said Thursday that he will try to shift the country's economic paradigm to try to address chronic low growth and the deepening social divide. The country's central bank h... -
Korea vows no concessions in farm sector in talks with US to amend FTAJul 20, 2017South Korea's new agriculture minister has said the Seoul government will not make concessions in the farm sector in talks with the United States to amend a bilateral free trade agreement. In an int...
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