The Korea Herald

BUSINESS

LATEST NEWS

Korea's exports expected to surpass $600b this year

South Korea's exports are expected to exceed $600 billion for the first time this year on upbeat sales of memory chips, machinery and petrochemical products, the trade ministry said Friday. Outbound...

Dec 7, 2018
Economy
Major foreign IBs cut S. Korea’s growth outlook

Major foreign investment banks revised down their forecasts for South Korea’s economic growth for this year and 2019, citing unfavorable conditions both at home and abroad, a report showed Thursday. ...

Dec 6, 2018
Economy
[Monitor] Unemployment rate for Koreans in late 20s more than double that of Japan

The unemployment rate for South Koreans in their late 20s has escalated rapidly since 2010, and 2017 saw the highest increase since 2000, according to data released by the Bank of Korea. The propor...

Dec 6, 2018
Economy
S. Korea logs current account surplus for 80th straight month

Seoul stays in the black in goods exports, sees improvement in travel deficit

Dec 6, 2018
Economy
[News Focus] Seoul apartment prices face downhill after touching unprecedented ceiling

SEJONG -- Apartment prices in Seoul, which have continued to shoot up at since the latter half of 2016, are estimated to have hit an all-time high during the first half of 2018, causing a fears of a ...

Dec 6, 2018
Economy
Conglomerates claim 61% of Korea's corporate operating profit

Conglomerates with assets worth over 10 trillion won ($8.9 billion) accounted for 61 percent of combined operating profit of all South Korean businesses last year, government data showed Thursday. T...

Dec 6, 2018
Economy
Rising housing prices have weaker wealth effect in Korea: report

Rising housing prices have rarely encouraged home owners in South Korea to expand their spending due mainly to worries over how they will cope with old age, a report said Thursday. According to the ...

Dec 6, 2018
Economy
Tax office names more than 7,100 people and companies that are evading taxes

Former South Korean President Chun Doo-hwan is among thousands of people who failed to pay more than 200 million won ($179,000) in dues, tax authorities said Wednesday. The National Tax Service made...

Dec 5, 2018
Economy
[Monitor] Consumer prices in Nov. increase 2% on-year

The consumer price index in November reached 104.73, up 2.0 percent from a year ago, according to data released by Statistics Korea. Prices of agricultural goods rose 14.4 percent on-year, while liv...

Dec 5, 2018
Economy
Labor resistance puts Gwangju work project into crisis

GWANGJU -- The Gwangju job project, intended to create thousands of new low-paying jobs to help fight unemployment in provincial areas, appears to have hit a snag in the face of resistance from labor...

Dec 5, 2018
Economy
NPS’ stock holding value slips W19tr this year

The National Pension Service, South Korea’s largest institutional investor, saw the total value of its stock holdings drop drastically this year despite a slight increase in the number of investment ...

Dec 5, 2018
Economy
Online shopping hits record high in October

The total value of online shopping in South Korea reached a record high in October, a government data showed Wednesday, in the latest sign that a growing number of South Koreans are using computers o...

Dec 5, 2018
Economy
US-China trade war poses biggest threat to Korean financial system: poll

Escalating trade tensions between the United States and China are the biggest risk that South Korea's financial system is now facing, a central bank survey showed Wednesday. According to the poll of...

Dec 5, 2018
Economy
Economic downturn, aging population push up youth unemployment rate: report

An economic slowdown and a rapidly aging population have resulted in more South Korean youths being jobless in recent years, a report said Wednesday. South Korea's unemployment rate of those in thei...

Dec 5, 2018
Economy
Korean tourists ranked among top in overseas spending

Overseas spending by South Korean tourists ranks among the top of advanced economies, research data showed Wednesday. Figures provided by the Korea Economic Research Institute, affiliated with the F...

Dec 5, 2018
Economy

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114