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Mon, June 18, 2018 | 11:21

Economy > Policies >

Escalating US-China trade war wreaks havoc on Korea

By Jhoo Dong-chanThe escalating U.S.-China trade tit-for-tat will adversely affect Korean exporters who ship significant amounts of industrial parts and intermediary goods to the world's second-largest economy, analysts said Sunday.Many Chinese firms import parts and intermediary products from Korea to manufacture finished goods and export them to the United States and other countries. If China's shipments to the United States decline because of the latter's tariffs, it will also negatively affect Korean firms.In addition, Korea's small- and medium-sized enterprises that outsource high-tech ...

Policies | 2018-06-17 16:51

Trade war tensions rise as China hits back at US

People in 30s, 40s hit hard by sluggish job market

The number of the employees in their 30s and 40s continues its decline, another gloomy indication the Moon administration's income-driven economy policy isn't working to help generate jobs, amid the highest jobless rate among young people.

Policies | 2018-06-17 16:51

Business lobby calls for more effective deregulation

The head of the country's leading business lobby group called for the government to show more sincere efforts for deregulation, stressing businesses cannot create jobs due to tough regulations.

Policies | 2018-06-15 16:27

Samsung, SK, Hyundai pressed to sell non-core units

Conglomerates are facing pressure from the government to sell non-core businesses controlled by owner families. While the measure aims at blocking owner families from fattening their own wallets through intra-group trading at the sacrifice of small- and medium-sized enterprises (SMEs), conglomerates say they will lose efficiency.

Policies | 2018-06-15 16:23

Korea on alert over aftermath of US rate hike

With the Federal Reserve raising its target range for the federal funds rate by 25 basis points to between 1.75 percent and 2 percent, economists here have asked policymakers to respond given the continued rise of household debt.

Policies | 2018-06-14 16:55

J-nomics to get momentum following election victory

The landslide victory of the governing party in the local elections is expected to add momentum to the controversial economic policies of the Moon Jae-in administration. Economists however point out that with political issues having overshadowed economic failures in the election, the government should make up for shortcomings in policies amid deteriorating economic figures.

Policies | 2018-06-14 16:53

FTC urged to promote competition

Fair Trade Commission (FTC) Chairman Kim Sang-jo vowed to continue reforming conglomerates, on top of rooting out power abuse over weaker competitors. However, he is facing criticism that the FTC has been negligent in promoting competition.

Policies | 2018-06-14 16:28

Goldman Sachs faces fine for alleged naked shorting

The financial authorities said they will take stern measures against the Seoul branch of Goldman Sachs Group for alleged “naked short selling.” Short selling refers to the sale of borrowed shares in the hopes of making a profit from a price fall by buying the shares back at a lower price. Naked short selling is the practice refers to conducting short selling without actually ...

Policies | 2018-06-14 16:19

Young jobseekers flying to Japan for work

A growing number of young jobseekers are heading to Japan to find work amid Korea's unprecedented youth unemployment crisis.

Policies | 2018-06-14 16:19

IKEA, Daiso may face mandatory regular closures

Large-scale specialty stores such as IKEA and Daiso may be subject to mandatory regular closings every two weeks as the government is set to study the validity of such a regulation.

Policies | 2018-06-13 16:54

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