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Korea to curb hefty bonuses for financial executives

South Korea's financial regulator said Tuesday it will curb existing bonus policies for senior executives at financial firms from December. Starting Dec. 4, a financial executive will be given an an...

Aug 29, 2017
Economy
Korea vows to take steps over financial volatility

South Korea said Tuesday it will take measures to stabilize the financial market, if needed following the latest North Korean missile launch that has further spiked tensions in the region. The Finan...

Aug 29, 2017
Economy
Korea to hold annual consultation meeting with Moody's

The South Korean government will hold an annual consultation with Moody's this week on the country's credit valuation, the finance ministry said Tuesday. Led by Steffen Dyck, senior credit officer a...

Aug 29, 2017
Economy
Korea to spend W19.6tr on R&D in 2018

South Korea's government will inject some 19.6 trillion won ($17.8 billion) in research and development next year, with the majority of the budget earmarked for the science and technology sectors cri...

Aug 29, 2017
Economy
Govt. recoups W709.1b of public funds in Q2

The South Korean government said Monday it recovered 709.1 billion won ($633 million) of bailout funds in the second quarter, mostly used to help financial institutions hit by the 1997 Asian financia...

Aug 28, 2017
Economy
Apartment management fees jump 24% over five years

Amid soaring apartment prices, data showed Monday that management fees for apartment residents in South Korea have risen roughly 24 percent over the past five years. According to data from the Bank...

Aug 28, 2017
Economy
BOK to issue commemorative paper money for PyeongChang Olympics

The central bank said Monday it will issue 2,000 won ($1.77) denominated paper notes to commemorate South Korea's hosting of its first Winter Olympics. The Bank of Korea will issue 2.3 million notes...

Aug 28, 2017
Economy
[Monitor] Seoul‘s housing price lower than Beijing, Tokyo, Singapore

Seoul’s price to income ratio for housing this year was ranked 23rd among 267 major cities in the world, according to Numbeo, a global database of user contributed data on cities and countries. This ...

Aug 27, 2017
Economy
NK risk, jittery economic indicators to nudge BOK to freeze rates

Concerns over North Korean provocations and jittery economic indicators is expected nudge South Korea's central bank to freeze key rates for the foreseeable future, market watchers said Sunday. The ...

Aug 27, 2017
Economy
ILO chief to visit Korea next month for forum on job creation

Guy Ryder, director-general of the International Labor Organization, plans to visit South Korea next month to attend a forum on labor, the Seoul city government said Sunday. It said Ryder plans to d...

Aug 27, 2017
Economy
China's consumer goods market promising for Korean firms: report

South Korean companies should find business opportunities in China's fast-growing consumer goods market that so far has been tapped mostly by cosmetic firms, an economic think tank said Sunday. A re...

Aug 27, 2017
Economy
Regulator to begin inspection of securities firms aspiring to become IBs

The financial regulator will conduct inspections this week of five leading securities firms that want to start investment banking business, focusing on how well they can manage their electronic syste...

Aug 27, 2017
Economy
Moody's Analytics expects BOK to hold policy rate steady in August

South Korea's central bank is likely to hold its key rates steady this month as soft economic growth and subdued inflation will allow it to sit on the sidelines, a leading provider of economic analys...

Aug 27, 2017
Economy
Employment rate of 30-something women hits record high in H1

The employment rate of South Korean women in their 30s hit a record high in the first half of this year, data showed Saturday, as the government has taken a series of measures to bring stay-at-home m...

Aug 27, 2017
Economy
Consumer sentiment falls in August on N. Korea's nuclear crisis

South Korea's key consumer sentiment index fell slightly in August from a month earlier due mainly to heightened tensions between North Korea and the United States, a central bank survey showed Frida...

Aug 25, 2017
Economy

The Korea Herald by Herald Corporation

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