N. Korea official: ‘We don’t care’ about US travel ban

The Korea Herald > Business > Economy

Moon to hold first talks with top business leaders over beer

President Moon Jae-in is set to hold his first dialogue with top business leaders here this week over beer to help break the ice and possibly allow more frank discussions, an official from the preside...

Updated : 2017.07.25 17:52

Korea ups economic growth forecast to 3% for 2017

South Korea on Tuesday raised its economic growth forecast for this year to 3 percent, pledging to create inclusive growth with its four major economic policy pillars of income-led growth, job creatio...

Updated : 2017.07.25 17:06

Consumer sentiment in ‘phase of adjustment’: BOK

South Korea’s composite consumer sentiment index inched up 0.1 point to 111.2 this month from June, indicating a phase of adjustment in anticipation for President Moon Jae-in’s new policies, the Ban...

Updated : 2017.07.25 16:16

Seoul counteroffers on Washington’s FTA amendment call

As 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 countrie...

Updated : 2017.07.25 16:09

Korean government to unveil tax hike plan next week: finance minister

The South Korean government will unveil its plan to increase taxes for the super rich and biggest businesses next week to secure funds for expanded welfare costs over the next five years, the country'...

Updated : 2017.07.25 15:37

Senior employment rate up 1.1% in May

The employment rate of senior citizens in South Korea gained ground in May from a year earlier as a growing amount remained in the job market or sought work amid the rapidly aging population, governme...

Updated : 2017.07.25 14:59

Korea to cut credit-card processing fees for small merchants

South Korea will cut credit card processing fees for small merchants starting later this month, in the latest move to push forward pro-consumer regulations against commission fees charged by financial...

Updated : 2017.07.25 14:54

Moon urges swift execution of extra budget for maximum output

President Moon Jae-in on Tuesday urged swift execution of the extra budget recently approved by the parliament, also stressing the need to maximize the efficiency and effectiveness of the additional s...

Updated : 2017.07.25 11:25

Effective corporate tax rate falls under official rate, data shows

The effective corporate tax rate for the country's largest companies fell below the official rate of 22 percent last year due to various adjustments, data from a conglomerate research firm showed Tues...

Updated : 2017.07.25 10:54

Fed‘s move to cut asset holdings to increase rates in emerging markets

The move by the US Federal Reserve to reduce its massive asset holdings is expected to increase interest rates in emerging markets as a strong US dollar could spark equities fund outflows, a local thi...

Updated : 2017.07.25 10:40

Korea revises up economic growth forecast to 3% for 2017

South Korea on Tuesday raised its growth forecast for 2017 by 0.4 percentage point to 3 percent as Asia's fourth-largest economy has been basking in brisk exports led by the global economic recovery. ...

Updated : 2017.07.25 10:08

Korean firms step up US lobby as trade issues take center stage

S. Korea's big name exporters have stepped up their lobbying activities in the United States after the Donald Trump administration took office, data showed Tuesday, apparently to smooth out potential ...

Updated : 2017.07.25 09:59

Korea suggests US carry out joint study on FTA‘s economic effect

South Korea suggested the United States carry out a joint study on the economic impact of the Seoul-Washington free trade agreement before starting talks on its amendment, Seoul's trade ministry here ...

Updated : 2017.07.25 09:41

Consumer sentiment jumps to more than 6-year high in July

Korea's key consumer sentiment index improved for a sixth consecutive month in July to reach more than a six-year high, a central bank survey showed Tuesday, as the economy shows signs of improvement....

Updated : 2017.07.25 09:34

Korea to repay W3.5tr won worth of state bonds next month before maturity

South Korea plans to repay 3.5 trillion won worth of state bonds next month ahead of their maturity, the finance ministry said Monday.  (Yonhap)The government will repay 1.5 trillion won worth of tre...

Updated : 2017.07.24 17:24