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Govt. picks two locations for smart industrial zones

South Korea's industry ministry on Wednesday announced its first batch of locations to establish what it calls smart industrial zones, which will utilize high-end information and communication techno...

Feb 20, 2019
Economy
Drivers use less gasoline in 2018 amid higher fuel prices

A gasoline-burning automobile consumed an average 1,159 liters last year, down 2.4 percent from a year earlier, as drivers cut back on spending probably to cope with high prices, industry data showed...

Feb 20, 2019
Economy
Koreans traveling more but spending less

South Koreans traveling overseas spent a record amount last year, but spending per person declined, central bank data showed Wednesday. The current account for last year showed travel expenditures o...

Feb 20, 2019
Economy
Manufacturing sector crucial for economic growth: BOK chief

Citing mounting challenges in the global market, the chief of South Korea’s central bank on Tuesday urged for measures to improve the competitiveness of the manufacturing sector during a rare meeting...

Feb 19, 2019
Economy
[Herald Interview] SK Innovation’s participation to bring better understanding of EV in US city

SK Innovation’s decision to build a US production facility for electric vehicle batteries in Commerce, Georgia, will help raise public awareness and understanding of the next-generation vehicle techn...

Feb 19, 2019
Economy
[News Focus] Gasoline prices set to bounce back amid reduced output

SEJONG -- The nation’s gasoline prices have seen a sharp drop over the past few months, and to a certain extent this eased the financial burdens of ordinary people and small business owners amid econ...

Feb 19, 2019
Economy
Coal imports set another record in 2018

South Korea's coal imports hit a new high last year despite government efforts to phase out the use of fine dust-emitting energy sources, industry data showed Tuesday. The country shipped in 131.52 ...

Feb 19, 2019
Economy
US Commerce chief sends report to Trump on auto imports: reports

The US Commerce chief has submitted a report to US President Donald Trump on the topic of imported cars, news reports said Monday, as South Korea renews efforts to win exemption for its cars from pos...

Feb 18, 2019
Economy
Kwon Young-soo to be appointed as LG Electronics executive

Kwon Young-soo, chief operating officer of LG Corp., will be appointed an executive director of the board of LG Electronics at a shareholders meeting next month, the electronics company said Monday. ...

Feb 18, 2019
Economy
Seoul’s home purchase sentiment hits six-year low

Reflecting the market response to the government’s real estate regulations, the home purchase sentiment has dwindled to the lowest level in nearly six years, data showed Monday. According to the Kor...

Feb 18, 2019
Economy
Prices of high-consumption processed foods rise on-year

The price of sugar rose 11 percent in January from a year earlier as the cost of widely consumed processed foods increased overall, the Korea Consumer Agency said Monday. A survey of 26 items in the...

Feb 18, 2019
Economy
[Monitor] LG Uplus’ CJ Hellovision acquisition to change pay TV landscape

On Thursday last week, LG Uplus’ board of directors approved a plan for the company to purchase 50 percent plus one share of CJ Hellovision from its holding company, CJ ENM. LG Uplus will become the...

Feb 17, 2019
Economy
ICT is key to innovation in customs administration: KCS

Fast-paced technological advancement and mounting challenges in the global trade environment have been pushing companies to reinforce their supply chain system and governments to innovate their custo...

Feb 17, 2019
Economy
Korea's coffee imports fall in 2018 for 1st time in 6 years

South Korea's imports of coffee declined last year for the first time since 2012, suggesting that the boom of coffee shops might have peaked, data showed Sunday. Imports of coffee fell to 143,000 to...

Feb 17, 2019
Economy
Korea’s current account extends 21-year surplus in 2018: BOK

South Korea’s current account surplus extended its surplus for 21 years straight in 2018, on the back of improved service accounts and record-high exports, central bank data showed Friday. The month...

Feb 15, 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