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Korea's current account surplus reaches $10.83b in Sept.

South Korea's current account remained firmly in the black in September despite a slight decrease in goods surplus, central bank data showed Tuesday. The country's current account surplus came to $1...

Nov 6, 2018
Economy
Concerns rise over impact from falling asset prices

The slowing Korean economy has been shadowed by the possibility of a steep asset devaluation, which could push it deep into a long-term recession. With investment declining and employment worsening,...

Nov 5, 2018
Economy
Korea aims to attract W80tr at free economic zones by 2027

Korea’s FEZs to focus on attracting Korean anchor companies, new industries

Nov 5, 2018
Economy
Goldman Sachs economist named head of committee on cooperation

A senior Goldman Sachs economist was named head of the Presidential Committee on Northern Economic Cooperation, the presidential office said Sunday. (Cheong Wa Dae) Kwon Goo-hoon, 56, will replace ...

Nov 4, 2018
Economy
PM suggests further tax cuts in crisis zones

Further tax cuts should be offered to government-designated industrial crisis zones in order to create an actual investment effect, according to Prime Minister Lee Nak-yon on Sunday. “I suggest we d...

Nov 4, 2018
Economy
Apartment price gap widens to 7-year high in Oct.

The price gap between South Korea's most expensive apartments and its cheapest ones widened to a more-than-seven-year high last month amid an overheated urban real estate market, industry data showed...

Nov 4, 2018
Economy
Number of low-paid jobs in public sector rises at fastest clip in 5 years in H1

The number of low-paid people hired by South Korea's public and governmental organizations rose at the fastest pace in five years in the first half of this year amid sluggish employment conditions, g...

Nov 4, 2018
Economy
CJ CGV Vietnam seeking to boost market share in Vietnam via IPO

CJ CGV Vietnam Holdings Co. said Friday it will further expand its presence in Vietnam by maximizing funds from its planned listing in South Korea this month. The cinema chain based in Vietnam is s...

Nov 2, 2018
Economy
Concerns growing over policy detached from reality

Concerns are growing that President Moon Jae-in and his aides have stuck to economic policies detached from the reality of the country’s economy, which is rapidly losing vitality amid deteriorating c...

Nov 1, 2018
Economy
Finance minister says govt. striving to boost facility investment

South Korea's chief economic policymaker said Thursday that the government will strive to boost lackluster facility investment by accelerating state-led projects. Finance Minister Kim Dong-yeon also...

Nov 1, 2018
Economy
Korea's exports up 22.7% on-year in Oct.

South Korea's exports rose in October compared with a year ago on upbeat sales of memory chips and petrochemical products, government data showed Thursday. Outbound shipments reached $54.97 billion ...

Nov 1, 2018
Economy
Korea's consumer price growth hits 13-month high in Oct.

South Korea's consumer price growth accelerated in October, hitting the highest in 13 months, on a sharp rise in prices for agricultural goods and oil-related products, government data showed Thursda...

Nov 1, 2018
Economy
China-Japan rapprochement adds challenge for Korean economy

The recent move by China and Japan toward reinvigorating their economic partnership could lead to aggravating the external environment for the Korean economy, experts here say. The cooperative mood ...

Oct 31, 2018
Economy
Korea's industrial output for September posts sharpest drop in 19 months

South Korea's industrial output for September posted its biggest drop in 19 months due to a fall in auto and electronic parts production, government data showed Wednesday, raising concerns that the e...

Oct 31, 2018
Economy
Korea dismisses economic crisis speculations despite signs

Policymakers claim ‘stock market overreaction’ while vowing for relevant contingency plan

Oct 30, 2018
Economy

The Korea Herald by Herald Corporation

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