Speaker rules out directly calling vote on bill on extending special probe

The Korea Herald > Business > Economy

Report says Korea-US trade mutually beneficial

South Korea continues to profit from its bilateral trade with the United States, but its trade surpluses largely come from outbound shipments of intermediate goods needed by US manufacturers to produc...

Updated : 2017.02.22 09:22

[News Analysis] Exports seen improving but no time for relief, experts say

South Korea’s exports, the backbone of the country’s economy, seem on course to end their two-year losing streak this year.If they do, it will be a relief for Asia’s fourth-largest economy, whose e...

Updated : 2017.02.21 18:17

Korea ranked near bottom in women's economic empowerment

South Korea ranks among the lowest in terms of women's economic empowerment, with its pay gap between men and women estimated to need more than 100 years to close if the current pace continues, an ann...

Updated : 2017.02.21 16:15

Mercedes-Benz Korea head tapped to lead European biz community

Dimitris Psillakis, president & CEO of Mercedes-Benz Korea, has been elected as the new chairman of the European Chamber of Commerce in Korea in its regular meeting earlier this week, the chamber anno...

Updated : 2017.02.21 11:51

Chinese land ownership in Korea surges

Land owned by Chinese individuals and companies in South Korea has increased by more than five-fold over the past five years, a report showed on Tuesday.The amount of land owned by Chinese entities he...

Updated : 2017.02.21 11:01

Korea's exports jump 26.2% in first 20 days of Feb.

South Korea's exports continued their upbeat mode in the first 20 days of February, underscoring a recovery in the country's outbound shipments, the latest customs data showed Tuesday.Exports amounted...

Updated : 2017.02.21 09:37

Korea keeps watchful eye on US currency moves

South Korea needs to take more proactive and comprehensive measures to reduce risks from US President Donald Trump’s push to make major trading partners with the world’s largest economy pay the pric...

Updated : 2017.02.20 16:49

Producer price rises reach 2-year record

South Korea’s producer prices rose sharply to a two-year high in January due mainly to hikes in agricultural products prices, central bank data showed Monday.The producer price index came to 102.17 l...

Updated : 2017.02.20 15:49

Oil-related tax revenue hits record high in 2016

Oil-related tax revenue in South Korea reached a record high last year as low oil prices fueled demand for petroleum goods, government data showed Monday.The country's oil tax revenue totaled a record...

Updated : 2017.02.20 11:39

Half of new businesses end up going bankrupt within 2 years

Some 800,000 small businesses open shop annually, but about half of them go bankrupt within two years, statistics showed Monday.A report released by Statistics Korea said that among businesses that st...

Updated : 2017.02.20 11:25

Majority of Korean exporters oppose revision to commercial law

More than half of exporters in South Korea are against a proposed revision to the commercial law aimed at limiting the power of large shareholders in their respective firms that often comes at the exp...

Updated : 2017.02.20 11:23

Underground economy accounts for 8% of GDP in 2015

The underground economy accounted for 8 percent of South Korea's gross domestic product in 2015 amid the government's efforts to reduce the black market, a state-run think tank said Friday.The Korea I...

Updated : 2017.02.17 14:54

Exports of key items tipped to log robust gain in Feb.

South Korean exports of chips and other key products are forecast to expand at a double-digit rate in February on increased prices and a recovery in overseas demand, sources said Friday.The sanguine o...

Updated : 2017.02.17 09:41

Seoul residents move out of capital in droves as housing costs rise

Residents of Seoul moved out of the capital city last year in the largest number in 19 years, national statistics showed Thursday, apparently driven out by costly housing and lack of jobs.The yearly t...

Updated : 2017.02.16 15:43

‘S. Korea 23rd in economic freedom but weak in structural reform’

South Korea’s economic freedom rose to rank 23rd in the world this year, but its structural economic reform has not seen much progress due to continuing political instability and uncertainty, a US re...

Updated : 2017.02.16 13:59