The Korea Herald

[Monitor] Korea’s new power supply plan amibitious

Jul 17, 2017

According to a report on the new government’s new energy supply plan submitted to Rep. Choi Yeon-hye of the Liberty Korea Party, Korea’s target is similar to those of major countries and regions. But...
Semiconductor export prices hit 30-month high

Jul 17, 2017

Korea’s export price index of semiconductors hit 48.79 last month, reaching the highest in more than two years, according to the Bank of Korea on Monday. Last month’s price index of semiconductors ...
Seoulites’ daily work commute exceeds 2 hours

Jul 17, 2017

It takes the average Korean worker more than 100 minutes to commute to and from work every day, according to data from Job Korea, an internet employment site, on Monday. For Seoul residents, the ave...
Data indicate tariff elimination doesn't account for increased Korean car exports to US

Jul 16, 2017

South Korea's car exports to the United States have declined, rather than increased, after the two countries abolished import taxes last year as part of their free trade agreement, data showed Sunday...
BOK eyes slowdown in 2018 facility investment

Jul 16, 2017

Growth of South Korea's corporate capital expenditures is expected to lose steam sharply in 2018 due to this year's big investments by major companies, the central bank said Sunday. Corporate invest...
Retailer confidence remains weak for Q3

Jul 16, 2017

A majority of South Korean retailers remain downbeat on their business conditions in the third quarter amid concerns over weak domestic demand and high household debt, a poll showed Sunday. The Kore...
Finance minister vows measures for small businesses over minimum wage hike

Jul 16, 2017

South Korea's top economic policy chief said Sunday the government will promptly come up with measures to relieve smaller businesses of the burden from a decision to hike the minimum wage for next ye...
BOK expected to freeze key interest rate until mid-2018

Jul 16, 2017

South Korea's central bank is expected to maintain its key interest rate at a record low until mid-2018, according to an economist at Goldman Sachs on Saturday, after the Bank of Korea hinted that it...
Businesses voice concerns over minimum wage hike

Jul 16, 2017

South Korea's corporate lobbies on Sunday expressed concerns over a decision to hike the minimum wage for next year, saying it could worsen business conditions and hamper job creation. A panel repre...
Number of jobless college graduates hits record in Q2

Jul 16, 2017

The number of unemployed college graduates in South Korea hit a record in the second quarter amid tightened job markets for young adults, government data showed Saturday. The number of jobless peopl...
Korea preparing for talks to amend FTA with US

Jul 14, 2017

South Korea is preparing for upcoming talks to amend a free trade agreement with the United States, officials said Friday. On Wednesday (US time), the US Trade Representative requested that its Sout...
[Monitor] Elderly land more jobs than youths

Jul 14, 2017

More seniors found employment youths in the second quarter of this year, representing the shifting demographics in the country, data showed Friday. Statistics Korea said that of those who were in em...
Trump says negotiations already started on 'horrible' free trade

Jul 14, 2017

US President Donald Trump has called the free trade agreement with South Korea a "horrible deal," saying that the two have already started renegotiations on it, a transcript of his recent meeting wit...
Korea cautious on US’ request for FTA amendment

Jul 13, 2017

The South Korean government on Thursday reacted cautiously to the US’ formal request to hold a joint meeting to revise the Korea-US free trade agreement within the next month, saying the timeline may...
[News Focus] Korean auto, steelmakers uneasy over US’ demand for FTA revision

Jul 13, 2017

An official demand by US trade representatives to amend a bilateral free trade agreement with South Korea unnerved major exporters here Thursday over the potential impact on their businesses. Cars a...