The Korea Herald

BUSINESS

LATEST NEWS

Household debt growth seen accelerating in March ahead of tougher rules

The growth of household debt appears to have accelerated last month as households took out more loans ahead of tougher mortgage rules, industry data showed Tuesday. Household loans provided by the f...

Apr 3, 2018
Economy
Private spending falls to record low in 2017

South Korea's private spending fell to record low levels last year, according to the central bank Tuesday. Data from the Bank of Korea showed the ratio of private spending to the country's gross dom...

Apr 3, 2018
Economy
Korea's consumer prices rise 1.3% in March

South Korea's consumer prices increased more than 1 percent in March on a rise in the costs of agricultural goods and services, but growth slowed from a month earlier, government data showed Tuesday....

Apr 3, 2018
Economy
BOK chief stresses change, innovation in extended term

The central bank chief on Monday pledged to focus on change and innovation, signaling a more active and practical policy approach in the next four years compared to his initial first term in office. ...

Apr 2, 2018
Economy
Modest recovery faces severe downside risks

Recent economic data show a modest recovery in the country’s economy that has fallen short of boosting employment and improving people’s livelihoods. Underlying the trend is a widening polarization ...

Apr 2, 2018
Economy
Moon says revised KORUS FTA will benefit both countries

South Korean President Moon Jae-in welcomed the recently concluded negotiations between his country and the United States to revise their bilateral free trade agreement Monday, saying it will benefit...

Apr 2, 2018
Economy
[Monitor] Loans taken by self-employed surge

Last year, the increase rate of loans taken out by the the self-employed surpassed by tenfold the rise of the number of self-owned businesses, data by Statistics Korea and the Bank of Korea showed. ...

Apr 1, 2018
Economy
Korea's exports rise 6.1% on-year in March

South Korea's exports rose 6.1 percent last month from a year earlier to mark the largest monthly tally for March, government data showed Sunday. Outbound shipments reached $51.58 billion in the one...

Apr 1, 2018
Economy
Korea's industrial output rises 1.1% in Feb.

South Korea's industrial output increased in February from a month earlier on a rise in production in the automaking and retail sectors, government data showed Friday. Production in the mining, manu...

Mar 30, 2018
Economy
Korea denies US' claim of currency talks within KORUS FTA revision

The South Korean government on Thursday demanded the US correct a recent statement concerning the Korea-US bilateral free trade deal amendment, saying that the trade negotiation did not involve a cur...

Mar 29, 2018
Economy
Senior officials declare W1.35b of personal assets on average

A total of 1,711 senior government and public officials declared an average 1.35 billion won ($1.26 million) of personal assets, up about 83 million won from a year earlier, the government gazette sh...

Mar 29, 2018
Economy
Trump hails revised Korea trade deal

WASHINGTON -- US President Donald Trump on Wednesday hailed the revised free trade agreement with South Korea as a "great deal" for workers in both countries. In a tweet sent shortly after the revis...

Mar 29, 2018
Economy
Korea moving to be clear on currency intervention

Korea is moving to free itself of the possibility of being designated by the US as a currency manipulator, which remains an uncertain factor for its exporters after the two countries this week reache...

Mar 28, 2018
Economy
Korea’s GNI per capita approaches $30,000: BOK

South Korea‘s nominal gross national income per capita came to $29.745 as of 2017 upon the sharpest on-year rise in six years, while the national economy grew by 3.1 percent, preliminary data by the ...

Mar 28, 2018
Economy
Govt. bans shellfish harvesting over paralytic toxins

High levels of paralytic toxins have spread along South Korea's southeastern coast and contaminated shellfish, the maritime ministry said Wednesday, vowing to tighten oversight over the harvesting of...

Mar 28, 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 : Shin Chang Hoon
Tel : 02.727.0114