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The Korea Herald > Business > Economy

Investment policies get tepid response

The South Korean government unveiled Monday a series of measures to boost the economy amid sluggish domestic consumption and investment weighing down on growth.More than 150 measures were introduced d...

Updated : 2017.02.27 19:06

Rates for household loans inch up in January

Bank lending rates on new household loans edged up in January, while interest rates paid by banks on new deposits fell, central bank data showed Monday.The average interest rates on fresh household lo...

Updated : 2017.02.27 12:06

New home permits plunge 16.1% on-year in Jan.

New home permits dropped 16.1 percent from a year earlier in January, the government said Monday, amid a government move to limit the number of new homes as a way of curbing household debt.Constructio...

Updated : 2017.02.27 11:46

Korea's int'l air passenger traffic jumps 12.1% in Jan.

South Korea's international air passenger traffic jumped 12.1 percent from a year earlier last month, helped by a sharp increase in passengers to and from Japan and other Asian countries, the governme...

Updated : 2017.02.27 11:44

Korea's retail sales up 8.3% in Jan.

Sales of major South Korean retailers soared in January from a year earlier on strong sales by convenience stores and big chain supermarkets, government data showed Monday.The combined sales of depart...

Updated : 2017.02.27 11:43

Korea's crude oil imports up 5.1% in 2016

South Korea's imports of crude oil climbed 5.1 percent last year from a year earlier driven by a surge in inbound shipments of Iranian oil following the removal of international trade sanctions on the...

Updated : 2017.02.27 11:42

Korea's market cap ranked 15th in 2016

South Korea's stock market capitalization was ranked 15th in the world last year, down one notch from a year ago, according to the nation's stock market operator on Monday.The nation's market cap rose...

Updated : 2017.02.27 09:56

Per capita rice consumption forecast to hit fresh low in 2017

South Korea's per capita rice consumption is forecast to hit a new low in 2017 due to people's changing eating habits, a report showed Monday.The average annual consumption of rice per person is likel...

Updated : 2017.02.27 09:46

[Weekender] Mind over matter to age gracefully

In an age when people Google just about everything in search for a quick answer, know-how and guidelines on how to age gracefully are also popular topics. In the quest to age well, many tend to search...

Updated : 2017.02.24 15:39

Korea to revise law on personal pension scheme

South Korea's financial authorities said Friday they are preparing to revise legislation on a personal pension system as part of efforts to address the post-retirement poverty problem."The government ...

Updated : 2017.02.24 15:30

Lottery sales in Korea rise 8.4% to W3.8tr in 2016

Sales of lottery tickets in South Korea rose 8.4 percent in 2016 from a year earlier amid a protracted economic slump, the finance ministry said Friday.The Ministry of Strategy and Finance said it set...

Updated : 2017.02.24 15:10

Household real income, spending drop in 2016

South Korean households' real income and spending retreated last year from a year earlier amid a protracted economic slowdown, a government report showed Friday.An average household earned 4.4 million...

Updated : 2017.02.24 12:06

Korea's terms of trade worsens in January

South Korea's terms of trade slightly worsened in January from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Friday.The terms of trade index...

Updated : 2017.02.24 12:05

Finance minister dismisses talk of ‘April crisis’

South Korea's finance minister said Friday that the country is fully prepared to deal with the possibility of an economic crisis in the coming months amid rising concerns over debt-ridden firms and cu...

Updated : 2017.02.24 11:36

Consumer sentiment improves in February

South Korea's overall consumer sentiment improved this month from a month earlier, central bank data showed Friday, as the economy got a boost from increased exports and investments.The composite cons...

Updated : 2017.02.24 09:38