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OECD lowers economic forecast amid slowing growth

The Organization for Economic Cooperation and Development on Wednesday inched down its forecast for the global economy, as well as for the South Korean economy, citing slowing trades, weakened growth...

Mar 6, 2019
Economy
Govt. announces measures to foster kimchi industry

South Korea's agricultural ministry on Wednesday announced a set of measures to promote the country's kimchi industry, which has been facing challenges from increasing production in China. Kimchi is...

Mar 6, 2019
Economy
S. Korea’s per capita income crosses $30,000 milestone

Concerns linger on slow economic growth, sluggish industries

Mar 5, 2019
Economy
S. Korean economy grows 2.7% in 2018: BOK

The South Korean economy grew by a six-year low of 2.7 percent last year due to sluggish corporate investment, but its per capita income surpassed US$30,000 for the first time, preliminary data by th...

Mar 5, 2019
Economy
S. Korean consumer prices rise 0.5% on-year in February

South Korea's consumer prices gained 0.5 percent in February from a year earlier on a rise in prices for utility and service charges, government data showed Tuesday. The reading marks the lowest sin...

Mar 5, 2019
Economy
Korea marks BOP surplus for Hallyu-linked sectors on global success of games, K-pop

South Korea logged a record-high balance of payments surplus for Hallyu-related products and services last year, owing to the global success of Korea-made video games and K-pop, statistics from the B...

Mar 3, 2019
Economy
Seoul shares set for sluggish trade next week amid slowing economic indexes

South Korean shares are expected to trade in a limited range next week, with investors set to take a wait-and-see stance on key economic indexes, analysts said Saturday. The benchmark Korea Composit...

Mar 2, 2019
Economy
[News Focus] Exports drop 7.9% so far this year amid gloomy GDP growth outlook

SEJONG -- South Korea’s export performance has remained sluggish since November, the last month that it posted a positive on-year growth figure. In November, exports recorded 4.1 percent growth comp...

Feb 28, 2019
Economy
S. Korea's industrial output rises 0.8% on-month in January

South Korea's industrial output edged up 0.8 percent in January from a month earlier due in part to increased production of cars and the service sector, government data showed Thursday. The data com...

Feb 28, 2019
Economy
S. Korea-India economic ties need more heft

It is now nine years since the South Korea-India Comprehensive Economic Partnership Agreement -- a de facto free trade agreement -- went into effect. However, while much progress has been made, there...

Feb 27, 2019
Economy
Seniors in bottom 20% income group to get more basic pension from April

Senior citizens with 50,000 won ($44.70) or less in monthly income will be eligible for increased basic pension from April, the welfare ministry said Wednesday. People aged 65 or older whose monthly...

Feb 27, 2019
Economy
[News Focus] Busan, North Jeolla in tug-of-war over financial hub title

Talks rekindled over relocating Korea’s key policy financing institutions from Seoul

Feb 25, 2019
Economy
Hyundai expands partnership with BTS

Hyundai Motor Co. is expanding its partnership with BTS by providing sponsorship to the South Korean boy band's global campaign in Britain, the company said Sunday. On Friday, BTS began to air a tea...

Feb 24, 2019
Economy
S. Korea to offer incentives to firms over job creation

South Korea on Thursday unveiled a wide range of incentives for companies if they create jobs in deals with municipal governments and other relevant parties. The incentives include an investment sub...

Feb 21, 2019
Economy
Korea's income gap hits record high in Q4

South Korea's household income inequality hit a record high in the fourth quarter of 2018, government data showed Thursday, prompting officials to step up efforts to carry out a series of measures to...

Feb 21, 2019
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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