The Korea Herald > Business > Economy
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Songdo in Incheon Metropolitan City will become the home of the World Bank’s Korean office, according to a high-ranking official from the city. Songdo, 12 kilometers from Incheon International Airpor...
Updated : 2013.06.19 20:09
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Deputy Prime Minister and Finance Minister Hyun Oh-seok said Korea would help Myanmar to adopt the Saemaul Movement, a development model, Korea used during the 1970s to grow the economy under the direction of late President Park Chung-hee, the father of President Park Geun-hye.A group of g...
Updated : 2013.06.19 20:08
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The first fisheries college is expected to open in Korea as soon as 2015.The Ministry of Oceans and Fisheries said Wednesday that it will establish a special fisheries college here, jointly with the United Nations-affiliated Food and Agricultural Organization.The goal is to help developing...
Updated : 2013.06.19 20:05
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Asian migrant workers in Korea were found to receive much higher wages than they had been paid in their native countries, a poll showed this week.According to the survey of 1,058 foreign laborers from...
Updated : 2013.06.18 20:46
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The average selling price of smartphones worldwide dropped below $300 for the first time, according to data released Monday by Strategy Analytics.The average price for a smartphone in the first quarte...
Updated : 2013.06.17 20:23
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Hope that a Korean consortium, led by the Incheon International Airport Corp., could win the first deal to build an international airport overseas this month is rising as the government is developing ...
Updated : 2013.06.17 20:09
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Amid daily possibilities of a power shortage, the country will begin enforcing a set of measures this week aimed at reducing its use of electricity, the government said Monday.Starting Tuesday, all public offices will be required to maintain their indoor temperatures at 28 degrees Celsius ...
Updated : 2013.06.17 19:58
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The Ministry of Land, Infrastructure and Transport is to share its expertise in spatial information management with the Saudi Arabian government.Civil servants of the Mecca city office will be visiting Korea this week to take educational sessions on spatial information technology, accordin...
Updated : 2013.06.17 19:58
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The reactivation of the suspended nuclear reactors will take longer than the four months predicted by the government, elevating concerns about the nation’s electricity shortage, according to nuclear experts.The Korea Institute of Nuclear Safety recently reviewed the inspection period for ...
Updated : 2013.06.16 20:37
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South Korean commercial banks will kick off their debt restructuring programs for the so-called "house poor," who are unable to pay off their debts, including mortgages, starting on Monday. Under the plan named "pre-workout," the banks will extend the repayment period for borrowers with fe...
Updated : 2013.06.16 14:32
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Over the past 10 years, Korea has strived to secure its position in the global trade circles by signing a variety of Free Trade Agreements and thus becoming a trading hub.Upon the launch of the new administration here and under the changed global situations, however, its goal from now will...
Updated : 2013.06.14 19:59
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The government revealed its long-awaited plans Friday to improve the country’s railroad services that will lead to a de facto breakup of the state-run Korea Railroad into three separate companies by 2017.According to the Ministry of Land, Infrastructure and Transport, KORAIL will first se...
Updated : 2013.06.14 19:59
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The Korea Petroleum Association, one of the most influential lobby groups in the oil industry, has appointed Chun Young-won, 69, a former lawmaker from the ruling Saenuri Party, as its new chairman, t...
Updated : 2013.06.14 19:27
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Korea’s Fair Trade Commission unveiled measures on Thursday to eradicate the long-standing practice of conglomerates pressuring their suppliers to lower their prices of goods and services as part of efforts to overhaul the supply chain management system and boost mutual growth.FTC chairma...
Updated : 2013.06.13 20:01
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Samsung Heavy Industries Co., a South Korean shipbuilder, said Thursday that it has clinched a $3 billion deal to build an offshore oil storage facility for a Nigerian firm.Under the deal with an unnamed customer, Samsung will deliver the so-called floating production and storage offloadin...
Updated : 2013.06.13 19:59
