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Data show rising number of borrowers with excessive debt

A growing number of South Koreans were holding excessive amounts of loans compared with their income levels, raising concerns over their debt service capability, central bank data showed Sunday. One...

Dec 17, 2017
Economy
Seoul shares may test 2,520 next week on eased uncertainties

outh Korean shares could rise next week on eased market uncertainties, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) is expected to test 2,520 next week. The main i...

Dec 16, 2017
Economy
Moody's upgrades outlook for S. Korean banking system

Moody's Investors Service has upgraded the South Korean banking system's outlook to "stable" from "negative," citing stronger economic growth and stabilizing asset quality in Asia's fourth-largest ec...

Dec 16, 2017
Economy
Korea's annual trade volume tops $1tr

South Korea's annual trade volume surpassed the $1 trillion mark for the first time in three years, driven by upbeat exports of memory chips and petrochemical products, the government said Thursday. ...

Dec 14, 2017
Economy
Record number of 20-somethings give up search for work in Nov.

A record number of South Koreans in their 20s gave up their search for work in November amid a severe job crunch, government data showed Thursday. A total of 284,000 South Korean 20-somethings were ...

Dec 14, 2017
Economy
Corporate activity hampered by steep rise in costs

Concerns are growing that a steep rise in corporate costs to be incurred by the Moon Jae-in administration’s anti-business policies will hold back companies from increasing investment and employment....

Dec 13, 2017
Economy
Monthly living costs for retirees W1.77m per household: survey

The minimum living expenses for retired elderly people was tallied at 1.77 million won ($1,600) per month for each household, a survey showed Wednesday. The optimum monthly cost of living for retire...

Dec 13, 2017
Economy
Korea's jobless rate edges up in Nov.

South Korea's jobless rate rose slightly in November as the construction sector hired fewer temporary workers than before amid relatively cold weather, government data showed Wednesday. The unemploy...

Dec 13, 2017
Economy
[Monitor] Export, import price indexes fall in 5 months

Both South Korea’s export price index and import price index saw downturns for the first time in five months as of November, mainly due to the strength of the won against the greenback. The import p...

Dec 12, 2017
Economy
List of 21,000 tax defaulters made public

Unpaid tax by Korean tax defaulters amounted to 11.3 trillion won ($10.4 billion) in 2017, the National Tax Service revealed on Monday. The tax agency annually discloses names of those whose unpaid ...

Dec 12, 2017
Economy
Moon urges efforts to root out job irregularities at public firms

President Moon Jae-in called for swift measures Monday to reduce working hours and eradicate job-related corruption at public firms. "Revising the Labor Standards Act to cut working hours is a task ...

Dec 11, 2017
Economy
Confusion deepens over reducing work hours

Confusion over plans to reduce work hours is deepening, adding to the aggravating conditions faced by local businesses. Ranking members from ruling and opposition parties at a parliamentary committe...

Dec 11, 2017
Economy
Regulator to call for banks to focus on risks of household debt

The top financial regulator said Monday it will order banks and other financial institutions to improve their risk management for household debt by restricting high-risk debt and improving emergency ...

Dec 11, 2017
Economy
3 Gangnam districts take up 20% of national inheritance

Seoul residents inherited over 23 trillion won ($20.9 billion) over the last five years, which is 45 percent of the total inheritance that occurred across South Korea in the cited period, data releas...

Dec 11, 2017
Economy
Korea, Britain to hold talks over post-Brexit trade deal

Trade officials of South Korea and Britain will meet this week to discuss ways to forge a new trade deal after London exits from the European Union, Seoul's trade ministry said Monday. South Korea s...

Dec 11, 2017
Economy

The Korea Herald by Herald Corporation

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