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Wed, December 11, 2019 | 23:44

Production, investment, consumption grow in Aug.

Production, investment, consumption grow in Aug.

The economy has shown signs of a mild recovery as indices for the nation's production, consumption and investment all improved in August. Experts, however, said that this monthly data should not be taken as signs of a sustainable rebound as the economy is facing both local and international unfavorable factors.

Jhoo Dong-chan | 2019-09-30 19:24

Debate arises over Moon's 'socialist' policies

Debate arises over Moon's 'socialist' policies

A debate is arising over the Moon Jae-in administration's economic policies, with some conservatives going as far as calling them “socialist.”

Kim Bo-eun | 2019-09-30 13:52

Korea's economy dragged by rigid labor market

Korea's economy dragged by rigid labor market

The “rigid” labor market remains the biggest factor that undermines the nation's corporate competitiveness, according to a free market advocacy group Friday.

Lee Kyung-min | 2019-09-27 22:06

Korea-Russia cooperation

Korea-Russia cooperation

Deputy Prime Minister and Finance Minister Hong Nam-ki, left, shakes hands with Russia's Rosseti CEO Pavel Livinsky during an annual meeting on economic cooperation between Korea and Russia in Moscow, Sept. 26. Rosseti is Russia's largest state-run power company, and the two parties discussed possible cooperation in energy. / Yonhap

Jhoo Dong-chan | 2019-09-26 19:19

Dokdo coin? BOK asked to issue commemorative coins that may provoke Japan

Dokdo coin? BOK asked to issue commemorative coins that may provoke Japan

There are growing calls from lawmakers and some members of the public for the Bank of Korea (BOK) to issue “Dokdo commemorative coins” in a pre-emptive move to increase awareness among the international community that the eastern islets are Korean territory.

Park Jae-hyuk | 2019-09-26 15:38

Financial stability slightly worsens amid economic slowdown: Bank of Korea

Financial stability slightly worsens amid economic slowdown: Bank of Korea

South Korea's financial stability worsened slightly in August due to a rise in household and corporate debt in the face of an economic slowdown, a central bank report showed Thursday. The country's financial stability index came to 8.3 at the end of last month, breaching the 8-point mark for the first time since early 2016, according to the Bank of Korea (BOK).

2019-09-26 11:11

State-run think tanks ill-prepared for shorter workweek

State-run think tanks ill-prepared for shorter workweek

Concerns are growing over whether state-run think tanks are ready to adopt a shorter workweek as they are required by law to reduce their maximum working hours from 68 to 52, beginning Oct. 1.

Lee Kyung-min | 2019-09-22 16:59

Central banks struggling to fight recession

Central banks struggling to fight recession

Central banks in major economies are rushing to implement expansionary monetary policies in a collective move to pre-empt a much-dreaded recession.

Lee Kyung-min | 2019-09-22 16:59

Korea warned for illegal fishing activities by US

Korea warned for illegal fishing activities by US

The United States made a preliminary decision Thursday to name Korea as an illegal fishing country by filing a complaint against Seoul for its inadequate enforcement of restrictions on vessels' illegal, unreported and unregulated (IUU) fishing in Antarctica, the Ministry of Oceans and Fisheries said Friday.

Kwak Yeon-soo | 2019-09-20 17:05

Businesses unhappy with gov't retirement age extension plan

Businesses unhappy with gov't retirement age extension plan

Businesses are expressing concern about the government's possible move to extend the legal retirement age to 65 years from the current 60, according to industry officials, Thursday. They said extending the retirement age could further increase the burden of companies already reeling from the sluggish economy and unfavorable business environment.

Kwak Yeon-soo | 2019-09-19 17:44

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