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Korea eyes development of port in Russian Far East

South Korea's oceans ministry said Monday it will look into the feasibility of developing a port in Russia's Far East to help local companies take advantage of its strategic location. The Ministry o...

Oct 15, 2018
Economy
Percentage of household savings falls to lowest level since 1975 in H1: BOK

The percentage of household savings held by local lenders fell to the lowest level since 1975 in the first half of the year, as low interest rates caused people to invest their money in real estate a...

Oct 14, 2018
Economy
Finance minister urges global ratings agencies to reflect

South Korea‘s top economic policymaker called on global ratings agencies to reflect the latest developments in inter-Korean relations when evaluating Seoul’s credit standing, the finance ministry her...

Oct 14, 2018
Economy
Seoul to announce measures to achieve job goal this year

South Korea will announce a set of measures later this month to help generate new jobs as it views the country's employment as being "at a critical situation" based on data, its finance minister said...

Oct 14, 2018
Economy
S. Korea's Q3 jobless numbers top 1 mil mark for first time

South Korea's jobless numbers in the third quarter surpassed the 1 million mark for the first time since the country struggled with the fallout of the Asian financial crisis, government data showed S...

Oct 14, 2018
Economy
S. Korea sees surplus from media content surge in Aug.

South Korea's trade surplus in the media content sector grew a 16-month high in August on the back of the growing popularity of Korean culture products and eased tensions with CHina over a US missile...

Oct 13, 2018
Economy
Trade minister to attend RCEP talks in Singapore

South Korea's trade minister will attend the ministerial meeting of the Regional Comprehensive Economic Partnership in Singapore to discuss ways to deepen economic ties with the fast-growing bloc, hi...

Oct 12, 2018
Economy
Economy backed by exports, domestic consumption despite growing uncertainties: finance ministry

South Korea's economy is showing decent growth on the back of robust exports and domestic consumption, although capital spending and job creation remain sluggish and external uncertainties are on the...

Oct 12, 2018
Economy
Korea's jobless rate rises in Sept., sluggish job creation continues

South Korea's jobless rate rose slightly in September due to a fall in employment in the retail and restaurant sectors, with poorer-than-expected job creation continuing, government data showed Frida...

Oct 12, 2018
Economy
Korean banks' household lending slows in Sept.

Household lending by South Korean banks grew at a slower pace in September than the previous month despite an increase in mortgages, central bank data showed Thursday. Outstanding household loans fr...

Oct 11, 2018
Economy
Korea ranks 2nd in World Bank's human capital index

South Korea came in second in the World Bank Group's human capital index, which shows the productivity of the next generation of workers, the bank's report showed Thursday. Singapore ranked first wi...

Oct 11, 2018
Economy
Korea's current account hits $8.44b in Aug.

South Korea's current account surplus continued to remain firmly in the black in August on brisk overseas sales, central bank data showed Thursday. The country's current account surplus came to $8.4...

Oct 11, 2018
Economy
Korean economy underperforms growth potential

Economists have raised the alarm on the weakening growth momentum of the Korean economy, calling on the government to take steps to prevent the country from being stuck in a prolonged slowdown. Loca...

Oct 10, 2018
Economy
[Monitor] Economic value of household labor reaches W360tr

The economic value of nonpaying housework reached some 360 trillion won as of 2014, according to a report from Statistics Korea. That figure, the most recent available, was 33.3 percent higher than f...

Oct 10, 2018
Economy
Corporate sales, employee salary show gains while hiring stalls

The country's leading firms have increased their sales and employee salaries over recent years but hiring has stalled, an analysis showed Wednesday. Corporate appraiser CEO Score studied 307 of the ...

Oct 10, 2018
Economy

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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