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Seoul to fight any price collusion ahead of Lunar New Year

Finance Minister Yoo Il-ho warned Thursday that the government will strictly deal with any price collusion ahead of the nation’s Lunar New Year holiday. His comments came as prices of some agricultur...

Updated : 2017.01.19 14:06

Won-dollar volatility hits 6-year high in 2016

Volatility in won-dollar exchange rates hit a six-year high last year as the currency markets went volatile due to uncertainties, such as Britain's decision to leave the European Union, the U.S. presi...

Updated : 2017.01.19 12:07

Minister vows to stabilize consumer prices ahead of major holiday

South Korea's finance minister vowed Thursday to stabilize consumer prices and sternly deal with any possible price collusion in processed goods ahead of a major holiday."There are growing concerns ov...

Updated : 2017.01.19 10:40

Report shows heavy debt burden on low-income group

More than a quarter of the low-income group are indebted, with the amount of the debts rising with age, a welfare agency report said Thursday.A study conducted by the Korea Institute for Health and So...

Updated : 2017.01.19 09:05

Korea expects trade with Sudan to rise

South Korea is expecting exports to Sudan to rise down the road as the United States decided to lift sanctions on the African country, a trade promotion agency said Thursday.Last week, US President Ba...

Updated : 2017.01.19 08:59

Turning KDB, IBK, Eximbank public stokes debate

South Korea’s government is considering designating 10 public organizations as government enterprises for stricter control, a move strongly opposed by labor unions. The Ministry of Strategy and Finan...

Updated : 2017.01.18 18:32

Marginal firms drag down corporate Korea

Corporate Korea is becoming polarized between the largest, most profitable corporations and a growing number of marginal companies unable to service their debts with their operating profits. (123rf)Ac...

Updated : 2017.01.18 17:05

Face value of damaged banknotes and coins down 8.2% in 2016

South Korea's central bank said Wednesday that the face value of damaged banknotes and coins that were destroyed fell 8.2 percent in 2016 from a year earlier. This photo, provided by the Bank of Korea...

Updated : 2017.01.18 12:12

Korea's tax agency adopts mobile tax payment system

South Korea's tax agency said Wednesday it will allow people to pay taxes through smartphones starting this month in a bid to increase convenience for taxpayers.The National Tax Service  said the pay...

Updated : 2017.01.18 11:37

Labor minister urges big biz to employ more youth

Labor Minister Lee Ki-kweon urged big businesses on Wednesday to employ more youth in the first half of the year as the sluggish economy is expected to further worsen youth unemployment.Lee made the c...

Updated : 2017.01.18 10:47

Public housing going to wrong beneficiaries from lax inspection

Public housing that is intended to help low-income families is partly benefiting the wrong people because of loose state inspections, a report said Wednesday.The report, authored by researcher Choi Su...

Updated : 2017.01.18 10:34

Govt. mulls easing anti-graft law's impact on economy

South Korea is considering easing an anti-corruption law by raising the cap on the values of free meals, sources said Wednesday, amid criticism that it adversely impacts consumer spending.The law curr...

Updated : 2017.01.18 10:22

Egg prices starting to stabilize after imports arrive

Egg prices that have been jumping for over a month from the avian influenza epidemic in the country are showing signs of calming down after imports started arriving, officials said Wednesday.The price...

Updated : 2017.01.18 10:09

Regulator says sturdy financial 'breakwater' needed

South Korea's top financial regulator on Wednesday stressed the need for all-out efforts to secure financial stability this year, citing a host of risk factors including rises in the US interest rate....

Updated : 2017.01.18 10:01

Finance minister vows to put more focus on job creation

South Korea's finance minister said Wednesday that he will put more policy priority on creating more jobs in the new year to reinvigorate the economy."The government will accelerate its drive to focus...

Updated : 2017.01.18 09:58