Economy

Economy

#housing prices-sales price cap
(LEAD) S. Korea to adopt price ceiling on privately built flats
(ATTN: ADDS details in paras 4-5) By Choi Kyong-ae SEOUL, Aug. 12 (Yonhap) -- South Korea will adopt a controversial scheme to cap presale prices of privately built apartments in extended efforts ... 11:31 Aug. 12
#housing prices-sales price cap
S. Korea to adopt price ceiling on privately built flats
By Choi Kyong-ae SEOUL, Aug. 12 (Yonhap) -- South Korea will adopt a controversial scheme to cap presale prices of privately built apartments in extended efforts to stabilize real estate markets, t... 11:00 Aug. 12
#Hankook Tire-supply deal
Hankook Tire supplies tires to 2020 Ford Explorer
SEOUL, Aug. 12 (Yonhap) -- Hankook Tire & Technology Co., the world's sixth-largest tiremaker by sales, said Monday it has recently signed a deal to supply tires to Ford Motor Co.'s 2020 Ford Explo... 10:15 Aug. 12
Some 20 pct of workers unaware of workplace anti-bullying law: survey
SEOUL, Aug. 12 (Yonhap) -- More than one in five South Korean office workers don't know about the country's workplace anti-bullying law despite its implementation about a month ago, a poll showed M... 10:09 Aug. 12
#Jeju Air-China route
Jeju Air to open 6 new routes to China this month
By Choi Kyong-ae SEOUL, Aug. 12 (Yonhap) -- Jeju Air Co., South Korea's biggest low-cost carrier, said Monday it will begin services on six new routes to China this month to offset lower demand to ... 09:34 Aug. 12
#exports
(LEAD) Exports dip 22 pct in first 10 days of Aug.
(ATTN: ADDS more details from 3rd para) SEJONG, Aug. 12 (Yonhap) -- South Korea's exports dropped 22.1 percent in the first 10 days of August mainly due to decreased shipments of semiconductors, on... 09:20 Aug. 12
Exports dip 22 pct in first 10 days of Aug.
SEJONG, Aug. 12 (Yonhap) -- South Korea's exports dropped 22.1 percent in the first 10 days of August mainly due to decreased shipments of semiconductors, one of the country's key items, customs da... 09:04 Aug. 12
#capital market
Foreigners stay net buyers of S. Korean stocks in July
SEOUL, Aug. 12 (Yonhap) -- Foreigners remained net buyers of South Korean stocks in July while posting a net outflow from the bond market for the first time in five months, the financial regulator ... 08:51 Aug. 12
#dailies-editorials
(EDITORIAL from Korea JoongAng Daily on Aug. 12)
Warning bells are ringing Korea's struggling economy's outlook is even dimmer. Hyundai Research Institute (HRI) became the latest member of a chorus of Korean and international institutions warnin... 07:02 Aug. 12
#dailies-editorials
(EDITORIAL from Korea Times on Aug. 12)
Growing security threat : North Korea should stop testing tactical missiles North Korea's continued test-firing of short-range ballistic missiles has not only posed a security threat to South Ko... 07:02 Aug. 12
#dailies-editorials
(EDITORIAL from Korea Herald on Aug. 12)
Tax-fueled growth : Reckless spending needs to be curbed to secure fiscal room to address external risks South Korea's fiscal deficit soared to a record high in the first half of the year, accordin... 07:02 Aug. 12
#headlines
Top headlines in major S. Korean newspapers
SEOUL, Aug. 12 (Yonhap) -- The following are the top headlines in major South Korean newspapers on Aug. 12. Korean-language dailies -- Trump says Kim wants to resume talks after US-ROK joint exerc... 07:01 Aug. 12
#antitrust chief
Antitrust chief nominee calls for strict law enforcement against unfair business practices
SEOUL, Aug. 11 (Yonhap) -- President Moon Jae-in's pick to lead South Korea's antitrust regulator called for strict enforcement of the law against unfair business practices in a 2012 thesis, a sign... 23:22 Aug. 11
#growth potential
S. Korea's growth potential poised to decline amid steady drop in exports
SEOUL, Aug. 11 (Yonhap) -- South Korea's growth potential has dipped to the mid-2 percent range and may further decline due to the fast aging of the population that is beginning to affect its labor... 15:30 Aug. 11
#Japan boycott
Cosmetics chief resigns amid boycott
SEOUL, Aug. 11 (Yonhap) -- The head of a major cosmetics developer in South Korea offered to step down Sunday amid a widening boycott of its products, sparked by what many believe to be the company... 15:10 Aug. 11
#Fair Trade Commission.
HPE fined over unfair business practice
SEJONG, Aug. 11 (Yonhap) -- South Korea's antitrust regulator said Sunday that it has fined HP Development Co. 216 million won (US$178,000) for violating laws on subcontracting. The South Korean... 12:00 Aug. 11
#Korea-Philippines FTA
Seoul, Manila to hold 3rd round of FTA talks this week
SEOUL, Aug. 11 (Yonhap) -- South Korea and the Philippines will hold a third round of free trade talks this week with the aim of striking a trade deal before November, Seoul's trade ministry said S... 11:00 Aug. 11
#R&D spending
Seoul to drastically jack up R&D spending next year
SEOUL, Aug. 11 (Yonhap) -- South Korea is planning to sharply raise state-funded R&D spending next year to nurture and develop key industrial materials and equipment largely imported from overseas,... 10:30 Aug. 11
S. Korea's 2020 budget may top 510 tln won
SEOUL, Aug. 11 (Yonhap) -- South Korea's state budget may top 510 trillion won (US$421 billion) next year, up some 9 percent from this year's budget, as the country seeks to boost the economy with ... 09:53 Aug. 11
#EAEU-steel quota
Eurasian union finalizes safeguard measures on South Korean steel imports
SEOUL, Aug. 9 (Yonhap) -- Russia and four other Eurasian nations have decided to impose a 20 percent tariff on South Korean hot-rolled steel products in excess of a yearly no-tariff quota of about ... 22:24 Aug. 09