Assembly slams handling of Daewoo, Hanjin
Septtember 8, 2016
South Korea’s political circles began their parliamentary probe into the government’s mismanagement of the debt-laden shipping and shipbuilding industry, particularly state-owned Daewoo Shipbuilding ...
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Korean population surpasses 50 millionSepttember 7, 2016South Korea’s population reached more than 50 million for the first time last year, according to Statistics Korea on Wednesday. After including the population of foreigners residing in Korea, the co... -
Financial authorities under fire for belated measures on HanjinSepttember 6, 2016South Korean financial authorities are drawing criticism from the market for their inability to pre-emptively deal and manage repercussions in the logistics sector following the fallout of Hanjin Shi...
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Hanjin Shipping files for US bankruptcy protectionSepttember 5, 2016Korea’s largest shipping company Hanjin Shipping has filed for bankruptcy protection in the US, with more than 70 of the firm’s ships blocked, stranded and denied entry at major ports around the worl... -
‘Korea to safeguard logistics from Hanjin fallout’August 31, 2016South Korea’s Finance Minister Yoo Il-ho said the government will deal with companies under creditor-led restructuring programs by the book and those that do not come up with reasonable self-rescue p... -
![[News Focus] Korean economy braces for US rate hike impact](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=601&simg=/content/image/2016/08/30/20160830001284_0.jpg)
[News Focus] Korean economy braces for US rate hike impactAugust 30, 2016All eyes and ears are on the US Federal Reserve -- will the world’s most influential central bank raise its interest rate twice this year? Analysts are scrambling trying to decode what Fed Chairwoma... -
Korea’s 2017 budget to focus on welfare, jobsAugust 30, 2016The South Korean government will increase its spending to 400.7 trillion won next year, up 3.7 percent from this year, with a primary focus on boosting social welfare and creating jobs through fiscal... -
Consumer sentiment reaches 8-month highAugust 26, 2016South Korea’s overall consumer sentiment reached an eight-month high in August on the back of growing expectations of an economic recovery. The Bank of Korea said Friday that the composite consumer ... -
Fitch warns South Korea of NK, structural risksAugust 26, 2016Fitch Ratings continued to warn South Korea of geopolitical risks associated with North Korea in the light of the North’s recent submarine missile test, in addition to structural risks on changing de... -
Korea to restrict housing supply to curb household debtAugust 25, 2016The South Korean government said Thursday that it will control the number of houses and apartments supplied in the market, and strengthen regulations on mortgages as part of efforts to contain its ho... -
Concern grows over extra budget deadlockAugust 24, 2016With political parties growing further apart over their inability to compromise on the South Korean government’s extra budget bill, the Finance Ministry is making a last-ditch effort to appeal to law... -
Index shows Korea's exports slowingAugust 23, 2016South Korea’s terms of trade slightly improved last month, according to preliminary data by the Bank of Korea on Tuesday. The terms of trade -- an index that measures a country’s trade performance b... -
Central bank, regulator at odds over household debtAugust 22, 2016Contrary to the International Monetary Fund’s assessment that South Korea’s household debt is manageable in part due to increased regulations, the central bank sees the rapid growth of borrowings as ... -
Korea’s household savings increase twofold on weak economyAugust 21, 2016South Korea’s economy saw its household saving rate increase among the fastest in the Organization for Economic Cooperation and Development, according to the OECD. The OECD forecast that Korea’s hou... -
Korean stocks, currency fall on possibility of US rate hikeAugust 17, 2016The Seoul stock market took a dive Wednesday following overnight losses on Wall Street after one of the key members of the US Federal Open Market Committee sent a clear message to the world that it c...
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