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Seoul counteroffers on Washington’s FTA amendment callEconomyJul 25, 2017As part of his first duties in office, the newly appointed Minister of Trade, Industry and Energy Paik Un-gyu sent a letter to his US counterpart agreeing to hold a joint committee on the two countri... -
Survey shows employees fear job cuts following minimum wage hikeEconomyJul 24, 2017More than half of Korea’s part-time employees are concerned about potential job cuts due to the government’s minimum wage hike starting next year, according to a survey conducted by Albamon, a portal... -
Hyundai construction lands W500b deal with CNHiIndustryJul 24, 2017Hyundai Construction Equipment, which separated from Hyundai Heavy Industries in April, announced Monday it expects to collect some 500 billion won ($449 million) by the end of 2021 for its deal with... -
FTC selects Harim Group as first target for ‘unfair practices’ investigationIndustryJul 21, 2017The Fair Trade Commission said Friday that the government is currently investigating the legal standings of Harim Group CEO Kim Hong-kuk handing off 100 percent of stakes in Orpum, an unlisted chicke... -
Agriculture minister says no to FTA changes on rice importsEconomyJul 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... -
![[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 amendmentsEconomyJul 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... -
FTC to crackdown on unfair food franchise practicesIndustryJul 18, 2017The Fair Trade Commission announced on Tuesday that it will be establishing new measures to eradicate unfair practices in the franchise restaurant sector in an effort to protect smaller businesses. ... -
Sluggish economy means no summer holiday for 1 in 5 KoreansEconomyJul 18, 2017One in five workers said that they will not be able to take time off work this summer, citing a sluggish economy and excessive workload as the main reasons, according to a survey by workers education... -
Semiconductor export prices hit 30-month highEconomyJul 17, 2017Korea’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 hoursEconomyJul 17, 2017It 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... -
FSC nominee talks easing online banking ownership lawsMarketsJul 16, 2017A nominee for the nation’s financial watchdog on Sunday addressed the need to ease ownership regulations on non-financial entities in the banking sector to promote additional launches of internet-onl... -
Posco shows signs of recoveryIndustryJul 16, 2017The nation‘s largest steelmaker shows signs of financial recovery this year amid years of heavy corporate restructuring as securities companies expect Posco’s operating profit this year to reach its ... -
Korea cautious on US’ request for FTA amendmentEconomyJul 13, 2017The 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... -
Korea’s weak jobs data continuesEconomyJul 12, 2017The number of newly employed workers in June saw the smallest increase in five months, according to data released by Statistics Korea on Wednesday. Last month, the number of employed people hit 26.... -
'Nuclear power plant suspension could bring legal charges’EconomyJul 11, 2017With Korea Hydro & Nuclear Power’s pending decision to suspend the construction of Shin-Kori No. 5 and 6 nuclear power plants in Ulsan, the plant’s parent company Korea Electric Power Corp. is review...
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