Economy

2019 Minimum Wage Raised 10.9% to 8,350 Won

Written: 2018-07-14 12:42:15 / Updated: 2018-07-14 13:07:43

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Labor Circles, Employers Split on Minimum Wage Hike

Economy

Samsung Galaxy Note 9 to hit S. Korean Market on Aug. 24

Written: 2018-07-13 18:46:26 / Updated: 2018-07-13 18:57:55

Samsung Electronics plans to begin selling the Galaxy Note 9 in South Korea late next month.   According to industry insiders on Friday, Samsung’s ...

Economy

Elliott Files ISD Suit Against Seoul Gov't over Samsung Merger

Written: 2018-07-13 17:04:21 / Updated: 2018-07-13 18:33:04

U.S. hedge fund Elliott Management has filed an investor-state dispute(ISD) lawsuit against the South Korean government seeking compensation ...

Economy

KOSPI Gains 1.13% Friday

Written: 2018-07-13 15:56:38 / Updated: 2018-07-13 16:02:52

South Korean stocks rebounded Friday on the back of gains on Wall Street fueled by expectations of strong U.S. earnings, as well as Washington and ...

Economy

Labor Ministry Raided on Suspicions of Overlooking Samsung Subsidiary’s Alleged Illegal Hiring

Written: 2018-07-13 15:56:19 / Updated: 2018-07-13 16:02:39

The prosecution on Friday raided the Employment and Labor Ministry on Friday as part of its probe into allegations that ministry officials overlooked ...

Economy

Gov't Maintains Economy is Recovering amid Job, Consumption Concerns

Written: 2018-07-13 15:37:57 / Updated: 2018-07-13 15:47:00

The government has maintained its assessment that the nation's economy is continuously on the path of recovery amid concerning job data and ...

Economy

Labor, Management Begin Last Negotiations on 2019 Minimum Wage

Written: 2018-07-13 15:24:53 / Updated: 2018-07-13 15:27:40

Labor groups and business representatives have convened their last session on deciding next year’s minimum wage.  The Minimum Wage Commission ...

Economy

Small Business Owners to Boycott Next Year's Minimum Wage

Written: 2018-07-13 14:10:57 / Updated: 2018-07-13 14:19:19

South Korea's small business owners have announced they will boycott next year's minimum wage.  At a press conference Thursday, the Korea Federation ...

Economy

Import Price Index Up for 6th Straight Month in June

Written: 2018-07-13 09:26:51 / Updated: 2018-07-13 10:17:35

South Korea's index of import prices rose for the sixth consecutive month in June on a weakening local currency, but the growth slowed due to a decline ...

Economy

S&P: US-China Trade War to Deal Blow to Export-Driven Economies

Written: 2018-07-12 18:44:02 / Updated: 2018-07-13 10:19:31

Standard & Poor's has warned the rejuvenated trade battle between the U.S. and China could deal a greater blow to export-driven economies, ...