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BOK chief admits growth challenges, denies deflation

The chief of South Korea’s central bank recognized the country’s challenges in achieving its modest 2.2 percent economic growth pace target for this year, but denied the possibility of deflation. Wh...

Sept 29, 2019
Economy
S. Korea ranks 20th in Allianz wealth report

South Korea ranked 20th out of 53 countries surveyed by German insurer Allianz Group in terms of per capita financial assets last year, according to its report on Sunday. According to the recently r...

Sept 29, 2019
Economy
S. Korea's trade terms continue to worsen in Aug.

South Korea's trade terms continued to decline in August amid a continued drop in exports, central bank data showed Friday. The terms of trade index for products came to 89.94 in the month, down 4.6...

Sept 27, 2019
Economy
S. Korea to sell 6.1t won in state bonds in Oct.

South Korea plans to sell 6.1 trillion won ($5 billion) in state bonds next month, the finance ministry said Thursday. The government will issue 1.2 trillion won in bonds with a maturity of three ye...

Sept 26, 2019
Economy
Banks' lending rates dip to record low in Aug.

Lending rates on fresh bank loans dropped to new lows in August, central bank data showed Thursday, hinting at a further increase in the country's already record-high household borrowing. The averag...

Sept 26, 2019
Economy
Korea's financial stability slightly worsens amid economic slowdown: BOK

South Korea's financial stability worsened slightly in August due to a rise in household and corporate debt in the face of an economic slowdown, a central bank report showed Thursday. The country's ...

Sept 26, 2019
Economy
ADB cuts growth outlook for S. Korea to 2.1%

The Asian Development Bank has slashed its growth outlook for South Korea this year to 2.1 percent, the bank said in a report released Wednesday. The latest outlook marks a sharp drop from April's 2...

Sept 25, 2019
Economy
S. Korea’s producer prices fall in Aug.

South Korea’s producer prices dropped in August on-year, according to data released by the central bank Tuesday, marking the second consecutive month of decline and feeding concerns that it may lead ...

Sept 24, 2019
Economy
S. Korea sees steep drop in merchandise exports among G-20

South Korea’s exports have plunged the most among G-20 nations due to the ongoing US-China trade conflict, data compiled by the World Trade Organization showed Monday. The country’s second-quarter e...

Sept 23, 2019
Economy
[New Economic Non-order:3] G-7 loses prestige amid growing nationalism

Raison d’etre questioned of once top-tier economic platform, but Japan seeks best use of membership

Sept 22, 2019
Economy
[Management in Korea] Why governance reform is key to make chaebol accountable

Management in Korea is a regular column written by the members of Egon Zehnder Seoul, touching on various aspects of Korean enterprises and business leaders, offering management tips. -- Ed. Nearly ...

Sept 22, 2019
Economy
Coupang publishes ‘Mini business impact report’

“Mini” businesses selling products on Coupang have seen their businesses grow by 81 percent on average, with combined sales exceeding 2.65 trillion won ($2.22 billion) in 2018 alone, a report release...

Sept 22, 2019
Economy
S. Korea's pork exports to remain intact despite ASF: ministry

South Korea's exports of pork are expected to remain steady despite two confirmed cases of African swine fever in the country as the disease has been reported only in a limited area, officials said S...

Sept 22, 2019
Economy
Finance minister urges cautious approach on S. Korea’s WTO status

With US President Donald Trump casting doubt on the way the World Trade Organization categorizes global economies, South Korea’s finance minister said Friday that the government would take a cautious...

Sept 20, 2019
Economy
OECD cuts growth outlook for S. Korea to 2.1 percent

The Organization for Economic Cooperation and Development (OECD) on Thursday slashed its growth outlook for South Korea's economy this year to 2.1 percent amid a slowdown in global trade. The OECD's...

Sept 19, 2019
Economy

The Korea Herald by Herald Corporation

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