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Trade deficit in intellectual property rights narrows in H1

South Korea's deficit in the trade of intellectual property rights narrowed in the first six months of this year from a year earlier on reduced shortfalls from patent use contracts, the central bank ...

Aug 22, 2017
Economy
Korea's consumer sentiment hits 22-year high: survey

South Korea's consumer confidence has hit a 22-year high for the second half of the year on expectations for the country's newly inaugurated government, a survey showed Tuesday. South Korea's overal...

Aug 22, 2017
Economy
Number of heavy debtors jumps 48% over 3 years

The number of heavy debtors in South Korea has surged nearly 48 percent over the past three and a half years, a report said Tuesday, amid low interest rates and eased government property rules. As o...

Aug 22, 2017
Economy
Welfare hike cuts into infrastructure spending

The need to finance President Moon Jae-in’s programs to expand welfare benefits and create more jobs is set to cut deeper into government infrastructure spending. The draft budget for next year, whi...

Aug 21, 2017
Economy
[Monitor] Producer prices rebound in July

Korea’s producer prices rose slightly, by 0.1 percent in July from the previous month, data by the Bank of Korea showed Monday. The first rebound in five months was driven by an increase in the price...

Aug 21, 2017
Economy
Recovering Korean economy faces some downside risks

The South Korean economy will face some downside risks going forward due to possible labor strikes at local carmakers and a cooldown in the local property market, a vice finance minister said Monday....

Aug 21, 2017
Economy
‘Seoul expected to limit amendment talks in FTA showdown’

Seoul is expected to play defense against the United States’ push to utilize the two nations’ upcoming special joint committee meeting to discuss possible amendments to the bilateral free trade agree...

Aug 21, 2017
Economy
Monthly basic pension to rise starting in 2018

South Korea will raise the monthly basic pension to 250,000 won ($219) in 2018 and to 300,000 won in 2021 in a bid to help buttress elderly people's income, the health ministry said Monday. Under th...

Aug 21, 2017
Economy
BOK says producer prices up 0.1% in July

South Korea's producer prices rose slightly in July from a month earlier due to an increase in the prices of services and agricultural products, central bank data showed Monday. The producer price i...

Aug 21, 2017
Economy
FTC fines W43b on nine global car carriers

South Korea's antitrust watchdog said Monday that it has imposed a combined 43 billion won ($37.8 million) in fines on nine global auto shipping companies for bid rigging and price fixing. The Fair ...

Aug 21, 2017
Economy
Credit loan growth jumps in August as mortgage rules tightened

Credit loans extended by the nation's five major banks jumped in the first 15 days of August, official data showed Monday, due apparently to government measures that tightened mortgage lending rules....

Aug 21, 2017
Economy
Korea's exports up 11.6% in first 20 days of Aug.

South Korea's exports jumped more than 11 percent in the first 20 days of this month from a year earlier on brisk overseas sales of semiconductors and petroleum products, customs data showed Monday. ...

Aug 21, 2017
Economy
Moon says quality jobs, reduced working hours keys to addressing low birthrate

President Moon Jae-in on Sunday reaffirmed his efforts to create new quality jobs, especially for the youth, calling it a part of efforts to fight the country's low birthrate. "Creating good jobs is...

Aug 20, 2017
Economy
Govt. pushes for further discounts of mobile fees

The government will begin expanding the mandatory discount of mobile phone fees starting next month, the ICT ministry said Friday, amid fierce opposition from local mobile operators. The discount ra...

Aug 18, 2017
Economy
Government vows to expand welfare budget

The government and ruling party on Friday vowed to draw up an expansive budget for next year in order to pursue President Moon Jae-in’s welfare programs, while cutting down costs in conventional land...

Aug 18, 2017
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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