S. Korea's vice defense minister leaves for Egypt

The Korea Herald > Business > Economy

Rising exports to China portend greater risks

Despite China’s retaliatory moves against Seoul’s hosting of a US missile defense system, South Korea has seen its exports to the world’s No. 2 economy increasing in recent months.The country’s sh...

Updated : 2017.03.27 17:16

[Monitor] Korea’s Engel coefficient hits record low

South Korea’s monthly average household spending on food and non-alcoholic beverage items reached 349,000 won last year, with the Engel coefficient against the total spending coming at 13.7 percent, ...

Updated : 2017.03.27 17:09

Korea's 10 biggest groups own W74tr worth of land

The estimated value of land owned by South Korea's 10 biggest business groups rose to a record high last year due in part to the purchase of the headquarters of the Korea Power Electric Corp. (KEPCO) ...

Updated : 2017.03.27 10:16

Number of self-employed soars in Feb. amid slump

The number of self-employed South Koreans rose at the fastest clip in more than a decade in February as more people opted to set up shop amid a prolonged economic slump and subsequent difficulty findi...

Updated : 2017.03.27 09:35

Korea's farmland area down 2.1% in 2016

South Korea's farmland area contracted 2.1 percent in 2016 from a year earlier due to construction of buildings and other facilities, government data showed Friday.The total area of South Korea's rice...

Updated : 2017.03.24 12:07

Office workers dissatisfied with rise in pay

South Korean office workers' pay has increased well below what they had hoped for this year, a poll showed Friday.According to the survey of 883 salaried workers taken by local education service insti...

Updated : 2017.03.24 09:21

Consumer sentiment improves in March on exports

South Korea's overall consumer sentiment improved this month from a month earlier helped by improving exports and eased political uncertainties, central bank data showed Friday.The composite consumer ...

Updated : 2017.03.24 09:05

Air pollution costs Korea at least W10tr a year

Dangerously polluted air in South Korea currently costs the country at least 10 trillion won ($8.91 billion) a year and 6-9 million of the nation’s population could suffer premature deaths by 2060 if...

Updated : 2017.03.23 16:31

BOK chief underlines efforts to avoid being labeled currency manipulator

The head of South Korea's central bank called Thursday for preemptive efforts to ensure Seoul will not be designated as a currency manipulator."I don't think that there is a high possibility that Sout...

Updated : 2017.03.23 16:27

[Monitor] Korea‘s unemployment benefits ranks low

A recent report by the Korea Labor Institute showed that South Korea ranks among the lowest in terms of the period during which jobless workers get unemployment benefits.Among the Organization for Eco...

Updated : 2017.03.23 16:15

Korea's economic recovery still slow despite global market picking up pace

South Korea has not gained the momentum needed for early recovery despite the global economy showing signs of picking up pace, the head of a local business group said Thursday."The pace of domestic ec...

Updated : 2017.03.23 16:05

Korea spends W51tr through Feb. to help economy

South Korea spent some 51 trillion won ($45.5 billion) of the state budget in the first two months of the year to prop up the economy, the finance ministry said Thursday.The budget spending by the gov...

Updated : 2017.03.23 16:03

Korea needs sweeping economic reforms

South Korea should carry out a sweeping reform of its economy to tide over a series of crises facing Asia's fourth-largest economy, a leading economist said Thursday.Kim Joon-kyung, president of the s...

Updated : 2017.03.23 11:03

More Koreans get married late -- or not at all

South Korea’s latest marriage and divorce figures showed a continuing trend of late marriages or avoidance of wedlock, according to data from Statistics Korea Wednesday. The number of marriages hit i...

Updated : 2017.03.22 17:48

Korea ramps up efforts to boost youth employment

The South Korean government announced Wednesday its latest unemployment support measures for youth in an attempt to help the frustrated young unemployed. The new measures aim to relieve the financial ...

Updated : 2017.03.22 17:47