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[Monitor] More companies have their credit ratings upgraded

The number of companies that had their credit ratings upgraded increased by 76.9 percent last year compared to the previous year. Those that had their credit ratings downgraded, meanwhile, dropped by ...

Updated : 2017.04.25 16:27

Annual AIIB meeting to be held in Jeju on June 16-18

The second annual meeting of the Asian Infrastructure Investment Bank  will be held on South Korea's southern island of Jeju in June, the finance ministry said Tuesday.The meeting of the board of gov...

Updated : 2017.04.25 16:17

Korea's terms of trade worsen in March

South Korea's terms of trade deteriorated slightly in March from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Tuesday.The terms of trade in...

Updated : 2017.04.25 12:50

[Photo News] Gold closed at W46,220 per gram Monday

GOLD SENSITIVE -- An employee arranges gold bars on a table at Korea Gold Exchange in Jongno, Seoul, Monday. The gold price closed at 46,220 won ($40.80) per gram Monday, down 1.2 percent compared to ...

Updated : 2017.04.24 17:22

Korea's consumer confidence still among OECD's worst

(Yonhap)Despite its recovery in the first quarter, South Korea’s Consumer Confidence Index ranked near the bottom among member countries of the Organization for Economic Cooperation and Development, ...

Updated : 2017.04.24 16:27

Hwang reaffirms support for firms tapping into overseas markets

Acting President and Prime Minister Hwang Kyo-ahn on Monday reaffirmed the government's support for local firms seeking to advance into overseas infrastructure markets, stressing their role in creatin...

Updated : 2017.04.24 16:09

[Monitor] Employment inducement from exports hits five-year high

The number of indirect and direct employment induced from South Korean companies‘ exports reached 4.08 million as of last year, a report by the Institute for International Trade at Korea Internationa...

Updated : 2017.04.24 16:05

Koreans face tougher economic situation amid rising unemployment, inflation

South Koreans are suffering from intensified economic difficulties in recent months due mainly to rising consumer prices and the higher jobless rate, government data showed Monday.The country's so-cal...

Updated : 2017.04.24 15:36

US import restrictions on rise with new tools for tariffs

The number of US import restrictions so far this year has already surpassed half of last year's total, a local trade body said Monday, including one against South Korean products.According to the Kore...

Updated : 2017.04.24 15:33

Korea’s direct investment shoots up in US, slows in China

South Korea’s direct investment in the US shot up in 2016 but that in China increased at a slower pace during the same period, industry data showed Monday.According to data by the Export-Import Bank ...

Updated : 2017.04.24 14:58

[Election 2017] How will presidential candidates create jobs?

The following is the second in a series of articles breaking down the presidential candidates’ major economic pledges in a simulated question-and-answer format by gathering their answers from their o...

Updated : 2017.04.24 14:57

SMEs concerned by populist labor pledges

Many small and medium-sized enterprises in the country worry their business will be stifled by populist labor pledges presidential candidates have competitively put forward ahead of the May 9 election...

Updated : 2017.04.24 13:09

Income of farming, fishing households grows in 2016

The average annual income of South Korea's farming and fishing households gained slightly in 2016 from a year earlier, a government report showed Monday.The income of farming households reached an ave...

Updated : 2017.04.24 13:01

Korea's finance minister vows efforts for economic recovery

South Korea's finance minister pledged on Saturday (local time) to step up policy efforts to help Asia's fourth-largest economy gather upward momentum in the midst of a global recovery.In a meeting wi...

Updated : 2017.04.23 16:54

World economy enters upside cycle, gives chance to Korea: think tank

A local think tank said Sunday the world economy is in a clear upside mode led by recovering advanced economies, giving an opportunity to export-dependent South Korea.The Hyundai Research Institute (H...

Updated : 2017.04.23 16:03