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Wed, July 18, 2018 | 11:35

Economy > Policies >

Gov't monitoring soaring land prices near DMZ

The government is strengthening its monitoring of land transactions along the border with North Korea, as speculative investment is overheating the real estate market following signs of reconciliation between the two Koreas.

Policies | 2018-06-07 16:15

Bus, taxi firms scrambling to cope with shorter work hours

The adoption of shorter work hours scheduled to be put in place in July is putting the transport industry in a dilemma. While it could enhance safety by improving working conditions, both bus companies and drivers seem concerned.

Policies | 2018-06-05 17:53

President Moon faces pressure to rein in minimum wage hikes

Despite President Moon Jae-in's remarks that the minimum wage hike has had a 90 percent positive effect, the administration is facing mounting pressure to slow down the pace of raising it as studies are pointing to negative impacts on the job market.

Policies | 2018-06-04 16:31

Jobseekers cynical about gov't policies

Young jobseekers here are largely cynical about a wide range of policies the government says will help them find decent jobs.They say various state agencies should work harder to learn what young people really need when searching for jobs, and provide sustainable, field-based employment assistance accordingly.

Policies | 2018-06-03 18:01

NPS to reduce investment in Seoul stocks

The National Pension Service (NPS) has decided not to increase its holdings of local stocks in 2019, news that could weigh on the minds of many equity investors.

Policies | 2018-06-03 17:10

Korean economy showing some signs of slowdown

The number of people who lost their job in the first four months of this year rose 6.1 percent from a year earlier, data showed Sunday, a possible indication of a slowdown in Asia's fourth-largest economy, despite steady signs of growth. The government data showed that 327,000 people left their jobs and reported to the government that they are no longer covered by South Korea...

Policies | 2018-06-03 15:58

'Korea should adopt biz-friendly regulations'

Deregulation has been a priority of each administration, but businesses still suffer from multiple regulations here. They may learn from Switzerland, which has topped global innovation rankings for the past several years.

Policies | 2018-06-03 12:51

Minimum wage stirring conflict within administration

The steep minimum wage hike is causing a conflict in the economic control tower of the Moon Jae-in administration, leading to concerns it will lose trust with the market by failing to have a unified voice.

Policies | 2018-06-01 17:31

Semiconductors lift Korea's overall exports

It's no exaggeration to say the continued semiconductor boom is contributing a lot to the national economy with some economists worrying that the booming sector is covering up the weaknesses of other parts of the economy.

Policies | 2018-06-01 17:00

South Korea's exports jump 13.5% year-on-year in May

Outbound shipments reached $50.98 billion last month, compared with $44.92 billion a year ago, according to the data compiled by the Ministry of Trade, Industry and Energy.

Policies | 2018-06-01 10:44

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