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Mon, June 25, 2018 | 20:52

Economy > Policies >

South Korea's economy expected to grow 2.8% this year

South Korea's economy is expected to grow 2.8 percent this year, a private research institute said Thursday, as exports are likely to lose steam amid weaker private consumption. The forecast by LG Economic Research Institute (LGERI) is lower than the 3 percent projection set in January by the Bank of Korea.

Policies | 2018-05-03 15:09

South Korea expects huge synergy from inter-Korean cooperation

Economic cooperation with North Korea will lead to huge synergy and the government is considering the diverse scenarios this could bring, the finance minister said Wednesday.

Policies | 2018-05-02 18:10

FTC criticized for listing deceased as chaebol head

The Fair Trade Commission (FTC) is under heavy criticism for failing to properly update heads of the nation's top conglomerates. FTC head Kim Sang-jo has a reputation as the “chaebol sniper,” but concerns are rising over the agency's functionality, questioning whether it can promote transparency and fair trade between economic entities without knowing who's heading the nation...

Policies | 2018-05-02 17:28

Consumers frightened by soaring grocery prices

Park Ji-hyun, a working mother living in Bangbae-dong, southern Seoul, said she is surprised when she goes grocery shopping every weekend.

Policies | 2018-05-02 17:02

BOK eyeing digital currencies

The Bank of Korea (BOK) plans to announce guidelines on cryptocurrencies including a plan to possibly issue a central bank digital currency (CBDC) within the first half of this year.

Policies | 2018-05-02 16:11

'Panmunjeom Declaration is good for the credit rating of Korea'

The Panmunjom Declaration is good for the credit rating of Korea, however, it hasn't eliminated the risks of a military standoff on the peninsula, two major credit ratings agencies said, Monday. “If peace is sustained, a smooth rapprochement between the Koreas would lower the geopolitical risks and be good for the credit rating of South Korea,” Christian de Guzman, vice president and senior credit officer at Moody's Investors Service, said.

Policies | 2018-05-01 18:12

Connecting railways must for inter-Korean cooperation

With South Korea and North Korea likely heading toward peace and economic cooperation, connecting railways is likely to be the first move. Analysts explain that South Korea, which has been virtually an island, will see new doors opening up by being connected to the huge Eurasian continent.

Policies | 2018-05-01 17:20

Industrial output hit by falling car exports

Korea's industrial output fell at its steepest pace in March compared to the previous month, due mainly to sluggish auto sales abroad.

Policies | 2018-04-30 16:57

Companies expect South-North summit to create opportunities

South Korean businesses said Friday they have high hopes for the inter-Korean summit to lead to a resumption of economic cooperation with North Korea, which has been suspended ever since the shutdown of the Gaeseong Industrial Complex in February 2016. Although the two Koreas excluded economic cooperation from the key summit agenda, small- and medium-sized enterprises (SMEs) ...

Policies | 2018-04-27 18:26

Lobby for employers reeling under President Moon

The Korea Employers Federation (KEF), which irked the Moon Jae-in administration by opposing its labor-oriented economic policies, is continuing to struggle. Its headquarters was searched as a part of an investigation into Samsung Electronics' alleged moves to prevent the creation of a union at the company; which it saw as perplexing as the raid coincided with the KEF chairma...

Policies | 2018-04-27 18:25

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