The Korea Herald

BUSINESS

LATEST NEWS

US Fed’s rate cut gives room for easing monetary policy: BOK

South Korea’s central bank chief said Thursday that the latest US rate cut has created some policy space for easing actions amid the slowing economy. “The US Federal Reserve’s rate cut alleviates th...

Sept 19, 2019
Economy
BOK chief says US rate cut gives room for additional policy

The head of South Korea's central bank said Thursday the latest US rate cut may have created further room for his country to more actively support the local economy as it grapples with falling export...

Sept 19, 2019
Economy
S. Korea to revamp workforce system amid population decline

Government vows to increase manpower in schools, military, lower barriers for qualified foreign workers

Sept 18, 2019
Economy
S. Korea considers releasing oil reserves in case of supply problem

Latest Saudi drone attack to have limited impact on domestic oil supplies: vice minister

Sept 17, 2019
Economy
Fiscal spending has multiplier effects on economy: BOK

The government’s fiscal spending has a multiplier impact, augmenting the economy by about 1.3 times over five years, central bank data showed Monday. In a recent study by the Bank of Korea, the mult...

Sept 16, 2019
Economy
Fiscal spending takes greater effect over time: BOK report

Fiscal spending may have a greater impact on the economy than generally viewed, but the effect may take some time to take place, a central bank report said Monday. In a recent study conducted by the...

Sept 16, 2019
Economy
[News Focus] Household-income polarization worsens in 2 years

SEJONG -- The Moon Jae-in administration has continued to push for “income-led” growth by raising the minimum wage and scaling back the workweek. This was aimed at boosting consumption by raising th...

Sept 15, 2019
Economy
S. Korea’s tax burden to grow next year amid concerns

South Korea’s tax burden per capita will stand at an estimated 7.5 million won ($6,300) next year, slightly up from this year, and is poised to grow through 2023, according to data released by the go...

Sept 15, 2019
Economy
[New Economic Non-order:2] Trump’s revival of trade protectionism pushes WTO to the brink

The Korea Herald is publishing a series of articles to look into the weakening of the global economic framework in light of fading liberalism and the rise of trade protectionism and nationalism. This...

Sept 11, 2019
Economy
Jobless rate hits 6-year low in August, job additions largest in nearly 3 years

South Korea's jobless rate hit a six-year low in August, and job additions increased the most in 29 months, government data showed Wednesday. The unemployment rate fell 1 percentage point on-year to...

Sept 11, 2019
Economy
New chief says FTC will crack down tech behemoths' dominant market position

The new head of South Korea's antitrust regulator on Tuesday said the agency will crack down on tech companies over their abuse of monopoly power and dominant market position. Joh Sung-wook, the cha...

Sept 10, 2019
Economy
[News Focus] Seoul apartment prices keep skyrocketing since 2017

SEJONG -- A large portion of online commenters say that the Moon Jae-in government should be held accountable for letting housing prices spiral out of control since taking office in May 2017. A vari...

Sept 9, 2019
Economy
[New Economic Non-order: 1] In 2019, world bids farewell to liberal economic order

The Korea Herald is publishing a series of articles to look into the weakening of global economic frameworks in light of fading liberalism and rise of trade protectionism and nationalism. This is the...

Sept 8, 2019
Economy
S. Korea's economy to expand 1.9% in 2019: KERI

South Korea's economy is expected to expand 1.9 percent in 2019 from a year earlier, a local research institute said Sunday, posting sluggish growth due to the protracted trade dispute between the Un...

Sept 8, 2019
Economy
Korean won likely to further ascend on eased trade tensions, hope of US rate cut

The South Korean won is expected to further advance against the US dollar for some time on what analysts called long-awaited but unanticipated positive developments that helped remove some uncertaint...

Sept 7, 2019
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 : Yang Sung-jin
Tel : 02.727.0114