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President Moon to meet with leaders of top conglomerates

President Moon Jae-in will hold a meeting this week with the leaders of the country's largest businesses, the presidential office Cheong Wa Dae said Monday. The meeting will be held Tuesday at Cheon...

Jan 14, 2019
Economy
[Monitor] Foreign investors sell off $5.66b worth of Korean stocks, largest in 7 yrs

The value of South Korean stocks offloaded by foreign investors last year reached $5.66 billion, the largest in seven years, driven by US-China trade war and uncertainties tailing US interest rate hi...

Jan 13, 2019
Economy
Fixed deposits grow steeply in 2018 on higher rates: BOK

The volume of fixed deposits at local banks marked the steepest growth in eight years in 2018, on the back of increased policy rate and the banks’ efforts to reinforce liquidity, central bank data sh...

Jan 13, 2019
Economy
Seoul shares likely to move in tight range next week on uncertainties

South Korean stocks are expected to move in a tight range next week on lingering uncertainties, such as the Brexit vote and the release of 2018 earnings results from major firms, analysts said Saturd...

Jan 12, 2019
Economy
Korea's exports fall 7.5% in first 10 days of January

South Korea's exports fell 7.5 percent in the first 10 days of January from a year earlier due largely to a sharp decline in shipments of semiconductors and ships, customs data showed Friday. The co...

Jan 11, 2019
Economy
Workers at SMEs earn 65 pct of wages for employees of large firms: report

Employees working for small and medium-sized companies in South Korea were paid, on average, 65.1 percent of the earnings of employees of a large firm in 2017, a report showed Thursday. The average ...

Jan 10, 2019
Economy
Samsung's Q4 operating profit tumbles 28.7% on tepid memory demand

Samsung Electronics Co. said Tuesday its operating profit plunged 28.7 percent in the fourth quarter compared with a year ago due to weak memory demand, falling far short of market expectations. Ope...

Jan 8, 2019
Economy
[News Focus] Korean harbors brace for 4th industrial revolution

SEJONG -- South Korea is mapping out mid- and long-term plans to become a global logistics hub by introducing “smart” harbors across the country, a project that is expected to last a decade from 2021...

Jan 7, 2019
Economy
Corporate retirement pension funds top 172tr won

Corporate retirement pension funds managed by South Korea's financial institutions topped 172 trillion won ($153 billion) as of September last year, but their annual rate of return was low, governmen...

Jan 7, 2019
Economy
S. Korea logs world‘s 2nd fastest household debt-to-GDP ratio growth

The ratio of household debt to gross domestic product in South Korea increased at the second fastest pace in the world last year, only outranked by China, despite the Seoul government’s tightened len...

Jan 6, 2019
Economy
EU to impose 25% duty on quota-exceeding steel imports from Feb.

The European Commission has informed the World Trade Organization of its decision to adopt a 25-percent duty on imports of steel into the European Union above a certain level from Feb. 2, the foreign...

Jan 5, 2019
Economy
Government to finalize minimum wage restructuring plan within January

Within this month the renewed calculation method for the legal minimum wage will be finalized, Deputy Prime Minister and Finance Minister Hong Nam-ki said Friday. “The government will announce its d...

Jan 4, 2019
Economy
Community Chest's new honor society member

Philip Morris Korea Director Kim Byung-chul (left) poses for a photo during an initiation ceremony on Thursday in Seoul for the Community Chest of Korea’s Honor Society, an exclusive club for individ...

Jan 4, 2019
Economy
S. Korea’s foreign reserves hit record high in Dec.

South Korea’s foreign exchange reserves reached a record high level in December, amid a weakening US dollar trend, the central bank said Friday. The total amount of foreign currency holdings stood a...

Jan 4, 2019
Economy
Cheong Wa Dae ramps up dialogue with conglomerate executives

President Moon Jae-in’s chief policy adviser held a closed-door meeting with South Korean conglomerate executives late last year, the presidential office confirmed Thursday, in what appeared to be th...

Jan 3, 2019
Economy

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