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Survey says companies feeling bigger pinch from taxes

A majority of companies estimate increased corporate taxes this year from last year and expect to pay more when new tax codes become effective in 2017, a survey said Wednesday.Responses drawn by the F...

Updated : 2016.05.04 10:34

Top officials of S. Korea, Japan, China vow joint efforts to ensure financial stability

Top financial officials and central bank governors from South Korea, Japan and China agreed Tuesday to make joint efforts in battling economic and financial uncertainties at both the national and regi...

Updated : 2016.05.03 20:34

Ex-commerce minister nominated to lead PyeongChang Olympics organizing committee

Former Commerce Minister Lee Hee-beom has been nominated to lead preparations for the 2018 PyeongChang Winter Olympics, the event's organizers said Tuesday.The PyeongChang Organizing Committee for the...

Updated : 2016.05.03 20:31

Biz organization urges local services firms to look at China

Korea's corporate organization in a report Tuesday recommended that local services firms find growth outlets in China, laying out four specific strategies to improve their chances of success.The Korea...

Updated : 2016.05.03 13:48

Exports of Korean washers nearly triple in Australia, New Zealand

Exports of Korea-made washing machines nearly tripled in Australia and New Zealand for the first three months of the year on the implementation of free trade pacts with the countries, customs data sho...

Updated : 2016.05.03 13:42

Korea's land prices edge up in Q1

Korea's average land prices continued its upbeat trend in the first quarter of this year amid government efforts to boost the local property market, data showed Tuesday.The average land price for the ...

Updated : 2016.05.03 10:39

Korea's consumer prices gain 1% in April

Korea's consumer prices grew by more than 1 percent for the third consecutive month in April, government data showed Tuesday.The country's consumer price index rose 1 percent last month from a year ea...

Updated : 2016.05.03 10:38

Oil imports from Iran more than double in Q1

Korea's imports of oil from Iran more than doubled in the first quarter of this year from a year earlier after international sanctions on the Middle East country were lifted in January, industry data ...

Updated : 2016.05.03 10:36

Korea‘s exports drop 11.2 percent on-year in April

Korea’s exports continued to shrink from a year earlier last month on less working days, the government said Sunday.Exports reached $41 billion in April, down 11.2 percent from the same month last ye...

Updated : 2016.05.02 17:14

Korea‘s current account surplus widens in March

Korea’s current account surplus widened from a month earlier in March on a rise in the goods account surplus, central bank data showed Monday.The current account surplus came to $10.09 billion in Mar...

Updated : 2016.05.02 15:47

Korean firms shifting overseas business focus to Vietnam

Korea's consumer goods firms are shifting their overseas focus to Vietnam as their business in China reaches its limits, increasing investment and aggressively opening new branches, according to indus...

Updated : 2016.05.02 14:20

[Graphic News] Korea Securities Depository pays highest salary among public institutions

The Korea Securities Depository pays the highest salary among public institutions, according to a report by Alio, an online information provider on public agencies, on Monday. Out of the 321 domestic ...

Updated : 2016.05.02 14:09

BOK chief vows support for restructuring, but cautions against misunderstandings

The head of South Korea's central bank vowed full support for corporate restructuring Monday, but warned against what he called public misunderstanding."The bank has repeatedly stressed that corporate...

Updated : 2016.05.02 14:03

More firms subject to strict antitrust rules in April

The number of Korean business groups' affiliates subject to restrictions on mutual investments and loan guarantees rose in April from the previous month, the antitrust watchdog said Monday.The Fair Tr...

Updated : 2016.05.02 13:58

BOK softens stance on role in corporate restructuring

Monetary and fiscal policymakers here have been out of step on how to finance restructuring debt-laden companies that are weighing on Korea’s economy.It may not be unusual for them to hold different ...

Updated : 2016.05.02 11:52