S. Korea’s jobless rate rises to 4.7 pct in February
South Korea’s jobless rate rose to 4.7 percent in February despite the increased pace of hiring, government data showed Wednesday, in the latest sign of an economic slowdown in Asia’s fourth-largest economy. The unemployment rate marked the highest level for any February since 2017, when the corresponding figure stood at 4.9 percent, according to Statistics […]
S. Korea: Parliament passes bills to fight fine dust
South Korea’s parliament passed eight bills intended to better fight fine dust Wednesday as the country is struggling with its worst-ever particle air pollution. The legislation includes a revision to the disaster and safety management law to include a high density of particulate matter as a “social disaster.” Such a designation allows the government to […]
IMF team voices concerns about pace of S. Korea’s minimum wage hikes
A team from the International Monetary Fund (IMF) on Monday expressed concerns over the pace of minimum wage hikes in South Korea, the Ministry of Economy and Finance said. The delegation led by Tarhan Feyzioglu, Korea mission chief at the IMF, shared the concerns in a meeting with Finance Minister Hong Nam-ki as part of […]
S. Korea to seek talks with N. Korea to help stalled nuke negotiations move forward: ministry
South Korea will push for talks with North Korea, including summits, this year to deepen inter-Korean relations and help stalled denuclearization talks move forward between Washington and Pyongyang, the unification ministry said Tuesday. “In close coordination with the U.S., (we) will push for inter-Korean talks to help the U.S. and North Korea meet again and […]
S. Korea to strengthen ties with China in veterinary medicine
South Korea’s state quarantine agency said Tuesday it clinched a memorandum of understanding with its Chinese counterpart to bolster exchanges in the field of veterinary medicine, including the exchange of technologies and sharing of testing techniques. The Animal and Plant Quarantine Agency said the agreement with the China Institute of Veterinary Drug Control is anticipated […]
S. Korea: exports of small firms hit record high in 2018
Exports of small and medium-sized South Korean firms hit a record high of US$108.7 billion last year, government data showed Tuesday, due to the robust global manufacturing sector. The figures represent a 2.5 percent increase from 2017, according to the data compiled by the Ministry of SMEs and Startups. It was the second straight year […]
Leaders of S. Korea, Brunei agree to expand economic cooperation
The leaders of South Korea and Brunei agreed Monday to expand the countries’ energy industry cooperation and expand the partnership to new technology sectors. In a bilateral summit held in the Bruneian capital, President Moon Jae-in and Sultan Hassanal Bolkiah noted the countries have steadily developed their friendly relations in the infrastructure and energy sectors […]
S. Korea biz delegation visits Malaysia to promote closer ties
South Korea’s business mission will visit Malaysia on the occasion of President Moon Jae-in’s state visit to the Southeast Asian country this week, to strengthen economic ties, a local corporate lobby said Monday. A total of 250 business leaders who represent 13 conglomerates and 57 small and medium-sized companies will visit Malaysia to boost two-way […]
S. Korea: market share of eco-friendly cars jumped to 8.2 pct last year
The share of environment-friendly vehicles jumped to 8.2 percent of South Korea’s passenger car market last year on government subsidies and changing consumer appetite, a car industry association said Sunday. In 2018, the number of environment-friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, reached 124,979 units, jumping 26 percent from a […]
S. Korea: Gender minister vows legal efforts to ban sexism on Int’l Women’s Day
As South Korea joined in celebrating International Women’s Day on Friday, the gender minister pledged efforts to enact laws to ban discrimination based on one’s sex and to secure education on gender equality. “Gender equality is a key step toward building a solid democracy. … I will join hands with all the people in […]
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