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Woori Bank to set up fund for innovative firms

Woori Bank said Thursday it will set up a fund of 300 billion won ($266.5 million) to help channel more money to innovative firms. The bank will launch the fund next year and it will be expanded to ...

Dec 13, 2018
Economy
Korea to build 30,000 smart factories by 2022

The South Korean government said Thursday it will greatly expand the number of smart factories and industrial complexes that adopt advanced technologies by 2022 to upgrade the nation's manufacturing ...

Dec 13, 2018
Economy
[Monitor] Fewer South Korean companies make it into ‘1 trillion won club’

While the number of South Korean companies with at least 1 trillion won in annual revenue has increased 2.5-fold in the 20 years since the financial crisis, the number has decreased in recent years, ...

Dec 13, 2018
Economy
Corporate sales slow, profit margin grows in Q3

South Korean companies saw their profitability continue its solid growth in the third quarter of this year, but their sales gains slowed slightly, central bank data showed Thursday. The ratio of ope...

Dec 13, 2018
Economy
Listed firm sales, operational profits fall in 2018: think tank

Nearly half of the country's listed firms reported declines in their sales in the three quarters this year ending September, an analysis by a think tank indicated Thursday. The Korea Economic Resear...

Dec 13, 2018
Economy
[Monitor] More and more married couples having no children

Nearly 38 percent of couples who have been married for five years or less had no children as of November last year, according to government data. Among 11.03 million married couples, 37.5 percent we...

Dec 12, 2018
Economy
[New Focus] Korea’s 3rd phase of new towns: Remedy or repetition?

SEJONG -- The average unit price of an old apartment complex built 31 years ago in Seocho-gu, Seoul, jumped to 1.64 billion won ($1.46 million) in November 2018 from 1.13 billion won in November 2016...

Dec 12, 2018
Economy
Mortgage loans increase at fastest pace in 2 yrs in Nov.

Home-backed loans from South Korean banks increased at the fastest pace in two years in November despite the government's anti-speculation measures, central bank data showed Wednesday. The total val...

Dec 12, 2018
Economy
Average daily no. of births in Seoul falls below 200 for 1st time

The number of infants born in Seoul came to an average of 179 per day last year, dipping below the threshold of 200 for the first time as more people are delaying or shunning marriage, data released ...

Dec 12, 2018
Economy
Fee cut to cost credit card firms about W700b per year in lost revenue

The government's plans to cut credit card commission fees will cost credit card firms about 700 billion won ($619.8 million) per year in lost revenue, a government report showed Wednesday. Financial...

Dec 12, 2018
Economy
Nonbank loans rise for SMEs, shrink for conglomerates: dataconglomerates

Small businesses increasingly rely on loans, big players refrain from investment

Dec 12, 2018
Economy
[Monitor] Real estate boom lifts No. of active businesses

The number of active enterprises expanded by the largest figure in 10 years last year, mainly bolstered by the real estate boom, data from Statistics Korea showed. Meanwhile, the enterprise death ra...

Dec 11, 2018
Economy
Kuwait’s new airport terminal operated by IIAC opens

Incheon International Airport Corp. said Tuesday that the new terminal at Kuwait International Airport managed by the South Korean operator has officially opened. Kuwait International Airport is who...

Dec 11, 2018
Economy
Finance minister calls for investment and job creation

South Korea's new finance minister on Tuesday urged companies to make investments and take the lead in creating jobs as the country makes every effort to bolster economic growth. In October, the Ban...

Dec 11, 2018
Economy
Data shows more online shoppers using Chinese malls

A growing number of South Koreans shopping at overseas online malls are picking Chinese sites, a tally from a credit card firm indicated Tuesday. Purchase records from Nov. 1-26, compiled by the big...

Dec 11, 2018
Economy

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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