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S. Korea to provide full support to boost industrial competitiveness

South Korea will provide support worth more than 2 trillion won ($1.6 billion) each year to strengthen industrial competitiveness, the finance minister said Friday, amid an ongoing trade row with Jap...

Oct 11, 2019
S. Korea voices hope for replenishment of Green Climate Fund

South Korea's finance minister expressed hope Thursday that Seoul's increased contribution to the U.N. Green Climate Fund could help with its successful replenishment. Hong Nam-ki made the comment i...

Oct 10, 2019
Consumers overseas lust after Korean beauty products most: survey

Online consumers outside of South Korea are mostly interested in buying Korean brand beauty products like cosmetics and perfumes, a survey from the Korea International Trade Association showed Wednes...

Oct 9, 2019
2.78 pieces of sushi sold a second at E-mart: data

Riding on word-of-mouth through social media, E-mart is seeing a whopping increase in its sales of sushi products, the retail chain said Wednesday. With 65 million pieces of sushi having been sold w...

Oct 9, 2019
[New Economic Non-Order: 4] APEC becomes battleground for US, China

The Korea Herald is publishing a series of articles to look into the weakening of the global economic framework in light of fading liberalism and the rise of trade protectionism and nationalism. This...

Oct 9, 2019
BOK chief says economic slump may last but depends on US-China dispute

The ongoing slump facing South Korea and the rest of the world is widely expected to continue for some time, but the duration and degree of its impact will largely depend on how the trade conflict be...

Oct 8, 2019
More than 1 in 10 S. Korean companies remain marginal in 2018: BOK

The number of companies unable to service their debts with earnings rose from a year earlier in 2018, posing a threat to the country's financial and economic stability, central bank data showed Tuesd...

Oct 8, 2019
Korea's current account surplus narrows in Aug.

South Korea's current account remained in the black for the fourth consecutive month in August, but its surplus narrowed sharply from a year earlier amid a steady decline in exports, central bank dat...

Oct 8, 2019
Prices of apartments in redeveloped Seoul areas soar 53% in 4 years

The average sale price of real estate in redeveloped apartment complexes in Seoul has soared more than 50 percent over the past four years, data showed Monday. According to data submitted by the sta...

Oct 7, 2019
[Monitor] Rosy prospects for Samsung Electronics’ Q3 earnings

South Korea’s tech giant Samsung Electronics is expected to see its third quarter earnings come in well over market consensus, according to forecast by Korea Investment & Securities. Next year’s oper...

Oct 6, 2019
[News Focus] Portion of optimists over economy stays at 13%: poll

SEJONG -- A variety of polls show that the public disapproval rating for President Moon Jae-in now outstrips his approval rating. According to a survey from Gallup Korea, the portion of respondents ...

Oct 6, 2019
S. Korea sees steepest drop in exports among key economies

South Korea marked the steepest drop in export volume so far this year among the world’s top 10 exporters, data showed. Korea’s export slowdown was especially noticeable in July, due partly to the s...

Oct 6, 2019
China-Taiwan dispute may further undermine S. Korean exports: report

China's political dispute with Taiwan may add to regional risks created by protest rallies in Hong Kong that could further undermine South Korea's exports to its neighbors, a central bank report sugg...

Oct 6, 2019
Seniors main income earners for poorest households: data

Seniors are the chief breadwinners for South Korea's poorest households, with such family units generally having less than one member holding a steady job, data showed Saturday. According to the dat...

Oct 5, 2019
S. Korea's economic fundamentals remain solid: Moody's

A senior official of global rating agency Moody's Investors Service has said that the overall fundamentals of the South Korean economy are solid, the finance ministry said Friday. Moody's managing d...

Oct 4, 2019

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