U.N. Security Council strongly condemns N. Korean launch

The Korea Herald > Business > Economy

Choi to take up World Bank executive directorship

A Finance Ministry director will fill the World Bank executive director’s office, vacated by Eun Sun-soo, the ministry said Friday. Eun quit last month to run Korea’s sovereign fund Korea Investment...

Updated : 2016.02.05 14:51

Tokyo stocks open sharply lower on stronger yen

Tokyo stocks opened sharply lower on Friday as a stronger yen hit exporters, despite modest gains on financial markets in Europe and on Wall Street.European and US shares mostly firmed Thursday despit...

Updated : 2016.02.05 14:09

Government pushes for business restructuring

The government will step up efforts to restructure the manufacturing industry and reinvigorate the sagging corporate sector, officials said Thursday.Industry Ministry officials said the government wil...

Updated : 2016.02.04 17:36

Trade minister enlists support from conglomerates

Korea’s trade minister urged the chiefs of major business groups on Thursday to step up investment to help revive exports and rejuvenate the sluggish economy. “With your efforts, our economy will be...

Updated : 2016.02.04 09:42

Seoul shows mixed response to closer economic ties between China, Japan

Policymakers and economists here have shown mixed responses to a recent report that China and Japan are working to form a new framework to bring together government and central bank officials to discu...

Updated : 2016.02.03 19:17

Seoul to roll out W21tr in Q1 stimulus

Korea will pump an additional 21 trillion won ($17.4 billion) of fiscal stimulus into the economy until March to combat sagging exports and revitalize growth, the government said Wednesday.  The Mini...

Updated : 2016.02.03 18:01

Korea rolls out fresh stimulus

South Korea plans to jack up its fiscal spending by an additional 21 trillion won ($17.4 billion) in the first quarter in an effort to pump-prime the economy struggling with faltering exports, the fin...

Updated : 2016.02.03 14:27

Ministers call for more corporate investment, hiring

The government said Tuesday that it would fully support corporate investment and hiring plans in order to keep the nation’s economic growth momentum for this year. “The government will make every p...

Updated : 2016.02.02 18:21

Exports plunge on weak demand, oil prices

South Korea’s exports plummeted 18.5 percent in January from a year ago, recording the largest year-on-year fall since August 2009 when the country was reeling from the global financial crisis. (Yonh...

Updated : 2016.02.01 17:57

[Photo News] Lunar New Year coming

A traditional market in Busan is crowded with shoppers Sunday ahead of the Lunar New Year holiday.    (Yonhap)

Updated : 2016.01.31 19:30

Incheon FEZ seeks momentum this year

The Incheon Free Economic Zone pledged to enhance its competitiveness by strengthening its foothold as an international business-friendly zone for service, tourism and bio industry, aiming to attract ...

Updated : 2016.01.31 19:26

National debt to hit 600 trillion won

South Korea’s national debt is expected to exceed 600 trillion won ($496 billion) for the first time ever this week, drawing concerns over the nation’s fiscal health amid a slowing economy and rapid...

Updated : 2016.01.31 17:31

S. Korea’s industrial output rose in December

South Korea’s industrial output rose for the first time in three months in December, bolstered by solid growth in the chemical and refinery sectors, a government report showed Friday.Statistics Korea...

Updated : 2016.01.29 11:10

S. Korean manufacturing sentiment sinks to 7-month low

South Korean manufacturers’ business sentiment sank to its lowest level in seven months in February, a poll showed Friday.The business survey index for manufacturing companies came to 66 for February...

Updated : 2016.01.29 11:09

Government toughens safety rules on budget carriers after mishaps

South Korea’s government said Thursday that it had set tougher safety guidelines for budget airlines after a series of recent mishaps raised alarm bells about the rapidly growing transportation secto...

Updated : 2016.01.28 16:41