The Korea Herald

Rising exports to China portend greater risks

Mar 27, 2017

Despite China’s retaliatory moves against Seoul’s hosting of a US missile defense system, South Korea has seen its exports to the world’s No. 2 economy increasing in recent months. The country’s shi...
[Monitor] Korea’s Engel coefficient hits record low

Mar 27, 2017

South Korea’s monthly average household spending on food and non-alcoholic beverage items reached 349,000 won last year, with the Engel coefficient against the total spending coming at 13.7 percent, ...
Korea's 10 biggest groups own W74tr worth of land

Mar 27, 2017

The estimated value of land owned by South Korea's 10 biggest business groups rose to a record high last year due in part to the purchase of the headquarters of the Korea Power Electric Corp. (KEPCO)...
Number of self-employed soars in Feb. amid slump

Mar 27, 2017

The number of self-employed South Koreans rose at the fastest clip in more than a decade in February as more people opted to set up shop amid a prolonged economic slump and subsequent difficulty find...
Korea's farmland area down 2.1% in 2016

Mar 24, 2017

South Korea's farmland area contracted 2.1 percent in 2016 from a year earlier due to construction of buildings and other facilities, government data showed Friday. The total area of South Korea's r...
Office workers dissatisfied with rise in pay

Mar 24, 2017

South Korean office workers' pay has increased well below what they had hoped for this year, a poll showed Friday. According to the survey of 883 salaried workers taken by local education service in...
Consumer sentiment improves in March on exports

Mar 24, 2017

South Korea's overall consumer sentiment improved this month from a month earlier helped by improving exports and eased political uncertainties, central bank data showed Friday. The composite consum...
Air pollution costs Korea at least W10tr a year

Mar 23, 2017

Dangerously polluted air in South Korea currently costs the country at least 10 trillion won ($8.91 billion) a year and 6-9 million of the nation’s population could suffer premature deaths by 2060 if...
BOK chief underlines efforts to avoid being labeled currency manipulator

Mar 23, 2017

The head of South Korea's central bank called Thursday for preemptive efforts to ensure Seoul will not be designated as a currency manipulator. "I don't think that there is a high possibility that S...
[Monitor] Korea‘s unemployment benefits ranks low

Mar 23, 2017

A recent report by the Korea Labor Institute showed that South Korea ranks among the lowest in terms of the period during which jobless workers get unemployment benefits. Among the Organization for ...
Korea's economic recovery still slow despite global market picking up pace

Mar 23, 2017

South Korea has not gained the momentum needed for early recovery despite the global economy showing signs of picking up pace, the head of a local business group said Thursday. "The pace of domestic...
Korea spends W51tr through Feb. to help economy

Mar 23, 2017

South Korea spent some 51 trillion won ($45.5 billion) of the state budget in the first two months of the year to prop up the economy, the finance ministry said Thursday. The budget spending by the ...
Korea needs sweeping economic reforms

Mar 23, 2017

South Korea should carry out a sweeping reform of its economy to tide over a series of crises facing Asia's fourth-largest economy, a leading economist said Thursday. Kim Joon-kyung, president of th...
More Koreans get married late -- or not at all

Mar 22, 2017

South Korea’s latest marriage and divorce figures showed a continuing trend of late marriages or avoidance of wedlock, according to data from Statistics Korea Wednesday. The number of marriages hit i...
Korea ramps up efforts to boost youth employment

Mar 22, 2017

The South Korean government announced Wednesday its latest unemployment support measures for youth in an attempt to help the frustrated young unemployed. The new measures aim to relieve the financia...