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The Korea Herald > Business > Economy

Consumer sentiment improves in July

South Korea’s consumer sentiment index rebounded toward its previous high over three months in July, as concerns over corporate restructuring and the Brexit vote both at home and abroad fell, followi...

Updated : 2016.07.27 17:17

Extra budget vital for job creation: Park

President Park Geun-hye said Wednesday that the extra budget submitted to parliament will play a crucial role in bolstering job creation, calling on lawmakers to lend their support by promptly approvi...

Updated : 2016.07.27 16:20

Minister issues warning against strike

Finance Minister Yoo Il-ho said Wednesday that the government will deal with the laborers of conglomerates under a creditor-led workout going on strike. In an economic-related ministerial meeting in S...

Updated : 2016.07.27 16:11

Korea‘s overseas afforestation makes progress

The Korea Forest Service has made significant progress in developing forest resources abroad in order to secure long-term, stable lumber resources and expand carbon sinks to cope with global climate c...

Updated : 2016.07.27 16:03

Korea’s reforestation expertise under global spotlight

Foreigners visiting South Korea are often surprised to find mountains that are filled with green trees in all corners of the country. However, most young Koreans are not aware that their parents and t...

Updated : 2016.07.27 15:55

Korea initiates Mongolia into forestry

The Korea Forest Service signed a memorandum of understanding last week with Mongolia’s ministry of environment, green development and tourism to jointly combat desertification, according to KFS offi...

Updated : 2016.07.27 15:54

Nearly 50 million flight passengers in first half of 2016

Flight passengers in Korea hit an all-time high in the first half of 2016, totaling nearly 50 million, according to Transport Ministry data on Wednesday.Korea saw 49.8 million people traveling by air ...

Updated : 2016.07.27 15:45

Youth employment policy gets nowhere

Since its installment in February 2013, President Park Geun-hye’s administration has put increasing youth employment on top of its policy agenda. It has poured more than 4 trillion won ($3.5 billion)...

Updated : 2016.07.27 15:39

BOK chief: Fiscal policy more important than monetary policy amid low growth

The head of South Korea's central bank on Wednesday stressed the importance of a fiscal and restructuring policy than a monetary one in tackling the country's low growth.Bank of Korea Governor Lee Ju-...

Updated : 2016.07.27 14:21

Finance minister vows full support for corporate revamp

South Korea's chief economic policymaker said Wednesday that the government will give full support to the industries that are undergoing tough restructuring and workers affected to minimize adverse im...

Updated : 2016.07.27 14:20

Korea's land prices rise 1.25% in H1

South Korea's land prices continued to grow in the first half of the year, government data showed Wednesday, amid a residential building construction boom partly created by a series of government meas...

Updated : 2016.07.27 11:13

Korea's consumer sentiment slightly improves in July

The overall sentiment of South Korean consumers slightly improved from a month earlier in July as a growing number of people predicted better economic conditions down the road, central bank data showe...

Updated : 2016.07.27 09:26

[Contribution] Korea seeks to share reforestation skills at WFC in 2021

The Rio Olympics, long-awaited for four years, will kick off in August, and two years later, PyeongChang is set to host the Winter Olympics. Taking a look at how the Olympic Games are put together, th...

Updated : 2016.07.26 16:51

Seoul makes bid to host 2021 World Forestry Congress

The Korea Forest Service submitted a bid last week to host the 15th World Forestry Congress in Seoul, officials said.The WFC, also known as the “Olympics of Forestry District,” is the largest intern...

Updated : 2016.07.26 16:49

Korean economy grows 0.7% in Q2

South Korea’s economy grew 0.7 percent in the second quarter of this year, remaining in zero percent growth territory for three straight fiscal quarters, according to the Bank of Korea on Tuesday.Eve...

Updated : 2016.07.26 16:22