The Korea Herald

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[News Focus] ‘Sagging economy’ faces 2nd rebound in dollar, oil

SEJONG -- Prices of the US dollar and gasoline directly affect a large proportion of South Korean businesses and households in terms of manufacturing costs and purchasing power. While monetary autho...

Jul 18, 2019
Home transactions down 28% in H1

Home sales in South Korea plunged more than 28 percent in the first half of the year compared to a year earlier, data showed Thursday, amid tightened regulations intended to curb rising housing price...

Jul 18, 2019
BOK cuts key rate to 1.5% amid uncertainties

South Korea’s central bank on Thursday cut the nation’s policy rate to 1.5 percent, amid mounting external uncertainties, officials have announced. It also decided to sharply slash the country's gro...

Jul 18, 2019
BOK slashes policy rate to 1.50%

The Bank of Korea slashed its policy rate by a quarter percentage point to 1.50 percent Thursday in a surprise move to help spur growth amid prolonged trade tensions. The rate cut is the first since...

Jul 18, 2019
[Monitor] Koreans make up 24.1% of Japan visitors: data

With boycotts of Japanese products becoming more widespread in South Korea in response to Tokyo’s export restrictions, accompanied by calls to stop visiting the neighboring country in a show of prote...

Jul 17, 2019
S. Korea’s Trade Ministry refutes Japan by revealing catch-all system

The Ministry of Trade, Industry and Energy on Wednesday released details of its “catch-all system” for the country’s trade controls for security, refuting one by one Japan’s claims that South Korea’s...

Jul 17, 2019
[News Focus] Portion of pessimists over economy hits record: poll

SEJONG -- A large proportion of self-employed people have closed their businesses and joined the growing number of jobless people over the past two years. Simultaneously, the state payment of unemplo...

Jul 17, 2019
S. Korea's national assets grow 8.2% in 2018

South Korea's total wealth grew at a fast pace from a year earlier in 2018 but largely on rapid increases in real estate and housing prices, central bank data showed Wednesday. The country's nationa...

Jul 17, 2019
S. Korea considers lowering extra-high inheritance tax rate for top shareholders

South Korea's government and ruling party are considering a move to lower the extra-high rate levied on inheritance tax for top shareholders of big companies, a ruling party official said Monday. So...

Jul 15, 2019
Market closely watches timing, pace of BOK’s upcoming rate cut

There is consensus on a likely rate cut in August, but views differ on further action this year

Jul 15, 2019
[News Focus] Seoul apartments resilient to property measures since 2017

SEJONG -- The Moon Jae-in government has introduced stern regulations on rebuilding old apartments or redeveloping old areas in Seoul. Housing redevelopment projects have been effectively blocked in ...

Jul 15, 2019
WTO to formally discuss Japan's export curbs on S. Korea

Japan's export restrictions on advanced tech materials that could undermine South Korea's production of semiconductors will be formally discussed at the World Trade Organization, South Korea's commer...

Jul 14, 2019
Japan sees decline in value-added trade surplus with Korea

Tokyo’s export curbs to negatively impact global economy due to correlated trade structure

Jul 14, 2019
Exports, investments remain dull amid worsening external conditions: ministry

Seoul’s exports slip amid global price changes, US-China trade war

Jul 12, 2019
BOK to face further delays in construction of new headquarters

The Bank of Korea is likely to experience further delays in the reconstruction of its headquarters as a disputed builder asserted its rights as the successful bidder, challenging the procurement offi...

Jul 12, 2019

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