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Buoyed by BTS, trade surplus of music-related sectors recovers to pre-2016 level

South Korea’s balance of payments surplus for industries linked to K-pop businesses has recovered to levels seen before China’s 2016 ban on domestic cultural contents over soured diplomatic relations...

May 12, 2019
Economy
Uncertainties grow amid US-China trade talks: BOK chief

The chief of South Korea’s central bank said Friday that uncertainties have grown concerning the prospects of trade talks between the United States and China, after US President Donald Trump warned o...

May 10, 2019
Economy
Deputy PM urges swift passage of extra budget amid growing downside risks

Fiscal chief puts pressure on opposition to end protest, cooperate in approving extra budget

May 8, 2019
Economy
S. Korea's current account surplus narrows in March

South Korea's monthly current account surplus narrowed in March from a year earlier amid slowing exports, central bank data showed Wednesday. The country's current account surplus came to $4.8 billi...

May 8, 2019
Economy
BOK board members skeptical over economic recovery in second half: minutes

Some board members of the Bank of Korea expressed concerns that a much-coveted recovery in Asia's fourth-largest economy may not take place in the second half of the year, making it more difficult fo...

May 7, 2019
Economy
Ministry unveils final new town project to add 110,000 homes in Seoul area

Large-scale residential complexes in Goyang, Bucheon to accommodate 58,000 households

May 7, 2019
Economy
ASEAN+3 sets base for more local currency swaps to strengthen regional support

The finance chiefs of 13 Asian countries, including South Korea, on Thursday agreed on a preliminary framework to strengthen regional currency swap agreements, with aims to avoid overreliance on the ...

May 2, 2019
Economy
Korean won performs worst among major currencies against US dollar

Among major currencies, the South Korean won suffered the steepest monthly decline against the US dollar, reports showed Wednesday, due to the latest trend of a persistently strong greenback. The wo...

May 1, 2019
Economy
S. Korea’s exports slip 2% in April amid chip, China factors

Weak demand and depreciation of chips pull down exports, minister calls for swift execution of supplementary budget

May 1, 2019
Economy
S. Korea's exports down 2% in April

South Korea's exports dropped 2 percent in April from a year earlier, extending their on-year fall for the fifth consecutive month, government data showed Wednesday. Outbound shipments came to $48.8...

May 1, 2019
Economy
S. Korea’s production, consumption, investment all rise in March

Key industrial figures see on-month rise in March on February base effect

Apr 30, 2019
Economy
BOK chief departs for ASEAN+3 economic cooperation meeting

Bank of Korea Gov. Lee Ju-yeol departed for Fiji on Monday to take part in a meeting of finance ministers and central bank governors representing the ASEAN nations as well as China, Japan and South K...

Apr 29, 2019
Economy
S. Korea vows stable gas prices despite Iran sanctions

Addressing the latest spike in gas prices, stemming from the uncertainty associated with tighter US sanctions on Iranian oil, South Korea’s chief economic policymaker vowed Monday to bring stability ...

Apr 29, 2019
Economy
PM Lee visits southwestern province to foster hydrogen economy

WANJU -- Prime Minister Lee Nak-yon on Thursday visited a center focusing on hydrogen fuel cell technology and a factory run by leading carmaker Hyundai Motor Co. in North Jeolla Province. Lee's tri...

Apr 25, 2019
Economy
South Korea's economy shrinks 0.3% in Q1 2019, worst since global financial crisis

Deputy prime minister holds emergency meeting to pledge all possible policy measures to meet original growth target

Apr 25, 2019
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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