Urban newlyweds less likely to have children than in rural couples

The Korea Herald > Business > Economy

[News Focus] Spending on infrastructure up, welfare down in 2017 budget

South Korea’s National Assembly on Saturday passed the 2017 budget at 400.5 trillion won ($341.4 billion) with an increase in spending on infrastructure and a cut in welfare expenditure. The budget i...

Updated : 2016.12.04 16:14

Korean economy faces 0.5% fall in presidential election years

The South Korean economy has experienced a drop in its growth in six previous presidential election years due to rising political uncertainties, a report said Sunday.The country's economic growth fell an average 0.5 percent point from a year earlier in each election year from 1987 to 2012,...

Updated : 2016.12.04 13:55

National pension fund holds 5% stake in 62 listed companies

The state-run National Pension Fund (NPF), South Korea's largest institutional investor, holds at least a 5 percent stake of nearly 70 percent of the listed affiliates of the country's top 10 business groups, giving the firm voting power, financial data showed Sunday.Out of the 89 affiliat...

Updated : 2016.12.04 10:59

Koreans' ratio of public contributions to GDP surpasses 25% in 2015

South Korea's ratio of public contributions including taxes and pension premiums to the gross domestic product (GDP) surpassed 25 percent for the first time last year on a steady rise in welfare costs, an international report showed Sunday.The so-called national burden ratio reached 25.3 p...

Updated : 2016.12.04 10:26

Korea’s flat Q3 growth fuels concerns over slump

The South Korean economy grew less than 1 percent for the past three consecutive quarters, raising the possibility of the government failing to reach its annual growth target. According to the Bank of...

Updated : 2016.12.02 15:51

Online shopping in S. Korea hits record high in Oct.

Online shopping in South Korea reached a fresh record high in October on a nationwide discount event, a government report showed Friday.Total online transactions reached a record 5.6 trillion won ($4.8 billion) in October, up 17.3 percent from 4.8 trillion won a year earlier, according to ...

Updated : 2016.12.02 14:50

Investment advisers suffer plunging assets

Investment advisory companies in South Korea are suffering from plunging contracts due largely to institutions' cancellations, leaving more than half in the red, data showed Friday.According to the data by the Financial Supervisory Service, 159 investment advisory companies' assets under m...

Updated : 2016.12.02 11:12

More travelers head overseas in Nov. despite offseason

The number of South Korean overseas tourists rose in November from a year earlier despite the offseason, industry data showed Friday, sparking concern over the country's continued tourism deficit.Hana...

Updated : 2016.12.02 11:08

S. Korea's economy grows 0.6% in Q3: BOK

South Korea's economy expanded 0.6 percent on-quarter in the third quarter of 2016 on the sagging growth of the manufacturing sector, the country's central bank announced Friday.The revised third-quar...

Updated : 2016.12.02 10:16

Rising inflation, trade surprise in November data

South Korea’s consumer prices continued to rise more than 1 percent for the third consecutive month amid the soaring prices of agricultural goods. Prices of agricultural products jumped 7.9 percent f...

Updated : 2016.12.01 18:03

OPEC deal boosts outlook for Korea‘s exports

 The Wednesday deal among the members of the Organization of Petroleum Exporting Countries to cut oil output by about 1 percent of the global oil production has brightened up prospects for South Kore...

Updated : 2016.12.01 15:31

Korea's exports rebound to rise 2.7% in Nov.

South Korea posted a current account surplus for the 56th straight month in October but suffered a decline due to sluggish outbound shipments, central bank data showed Thursday.The current account sur...

Updated : 2016.12.01 09:27

One-man operations swing to upturn despite slump

The number of one-man operations in South Korea swung to an upturn in the third quarter of this year, government data showed Thursday, apparently as more people set up shop for "non-voluntary" reasons...

Updated : 2016.12.01 09:25

Korea's consumer prices gain 1.3% on-yr in Nov.

South Korea's consumer prices gained more than 1 percent for the third month in a row in November on high prices of fresh groceries, government data showed Thursday.The country's consumer price index ...

Updated : 2016.12.01 09:21

Seoul to up incentives for youths at SMEs

The South Korean government will give cash incentives to more youths hired by small and medium-sized enterprises next year, the nation’s top economic policymaker said Wednesday.The plan comes as yout...

Updated : 2016.11.30 16:18