'Eclat by Imperial' targets women

The Korea Herald > Business > Economy

Biz bodies urge quick parliamentary approval of FTAs

More than 40 South Korean business bodies urged parliament Sunday to quickly approve free trade agreements  with China, Vietnam and New Zealand to help prop up Seoul's slumping exports.  South Korea's exports, the country's key growth engine, have fallen for the seventh consecutive mont...

Updated : 2015.08.30 12:00

September biz outlook grim on China woes: survey

A majority of companies in South Korea are pessimistic about business conditions for next month as fears of China's weakening growth and its stock market rout cloud the outlook for the global economy, a survey showed Sunday.    According to the poll conducted on the country's top 600 co...

Updated : 2015.08.30 12:00

Foreigners continue selling Korean stocks in Aug.

Foreigners have continued their sell-off of Korean stocks this month in the wake of growing uncertainties in the Chinese economy and the timing of the U.S. interest rate hike weighing down on the local equity market, the bourse operator said Sunday.  Foreigners offloaded shares traded on...

Updated : 2015.08.30 10:23

Over 50 public firms adopt wage peak system in Aug.

More than 50 state-run companies and organizations introduced the so-called wage peak system in August amid the government's push for the system in an effort to create more jobs for young people, the finance ministry said Sunday.  As of Friday, 65 out of all public-sector firms and insti...

Updated : 2015.08.30 10:22

Seoul shares forecast to rally next week

South Korean stocks are expected to move higher next week as jitters over China's growth abate and anticipation for a delay in the U.S. Federal Reserve's rate hike builds up, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 3.3 percent this week to cl...

Updated : 2015.08.29 10:33

Gyeongju radioactive waste treatment facility

 Gyeongju radioactive waste treatment facility --  Prime Minister Hwang Kyo-ahn (fourth from left) and other high-ranking government officials mark the completion of the construction of the Gyeongju...

Updated : 2015.08.28 19:06

Seoul eyes 2016 fiscal expansion

The ruling Saenuri Party and the Finance Ministry on Thursday reached a consensus to push an expansionary fiscal policy next year to stimulate the economy.They also agreed to expand military expenses ...

Updated : 2015.08.27 19:34

Park says S. Korea's business delegation to visit China

President Park Geun-hye said Thursday that a delegation of South Korean business leaders will visit China next week to explore business opportunities in the world's second-largest economy.The delegation will "have various cooperative opportunities" in Shanghai, China's commercial capital, ...

Updated : 2015.08.27 18:09

S. Korean economy 'gradually' recovering from MERS fallout: BOK

The South Korean economy seems to be gradually recovering from the fallout of MERS that dealt a huge blow to domestic demand over the past months, a central bank report showed Thursday.The MERS outbreak, the second-largest infection outside Saudi Arabia, claimed 36 lives here. South Korea ...

Updated : 2015.08.27 15:23

Bank lending rates down for 2nd month in July

Bank lending rates for new loans in South Korea continued to fall in July as market rates remained low amid a record-low policy rate, central bank data showed Thursday.The average rate for new loans to households, companies and other organizations came in at 3.43 percent last month, down 0...

Updated : 2015.08.27 12:43

Korean investments in foreign securities nears record in Q2

The value of foreign securities held by South Korean institutions climbed to a near record high in the second quarter as local asset managers and insurers beefed up their buying of foreign assets and equities, data showed Thursday.The outstanding amount of foreign securities held by instit...

Updated : 2015.08.27 08:58

BOK policy board member urges more attention on job creation

A member of the Bank of Korea's rate-setting board on Wednesday stressed that the country's policymakers should give more weight to job creation, departing from their long-cherished mantra of bolstering growth in Asia's fourth-largest economy.The Korean economy has been grappling with a lo...

Updated : 2015.08.26 15:36

State pension fund suffers big loss in Samsung units

South Korea's state-run pension fund has suffered heavy valuation losses from its investment in two Samsung Group units over the past two months as the stocks have plunged after their merger plan was approved by shareholders last month, data showed Wednesday. The National Pension Service -...

Updated : 2015.08.26 14:34

S. Korea unveils measures to spur spending

South Korea plans to cut consumption taxes on cars and large electronics goods temporarily as part of efforts to stimulate anemic consumer spending that is weighing down economic growth, the government said Wednesday.Private consumption has remained in the doldrums since the Middle East Re...

Updated : 2015.08.26 14:27

Won rises for 2nd day on China's rate cut

The South Korean won gained ground against the U.S. dollar for a second straight session on Wednesday after China's rate cut helped lift appetites for risky assets.The local currency was quoted at 1,186.85 to the greenback as of 1:30 p.m., up 8.45 won from the previous session's close. On ...

Updated : 2015.08.26 09:53