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Korea’s economy shrinks 0.3 pct in Q1, worst in decade: BOK estimate

The South Korean economy is estimated to have shrunk in the first three months of the year on a drop in capital investment and falling exports, the Bank of Korea said Thursday. In the three months ...

Apr 25, 2019
Economy
S. Korea asks Moody’s to reflect its policy efforts in credit evaluation

South Korea’s chief economic policymaker asked Moody’s officials to take into account Seoul’s efforts to boost the economy and eased geopolitical risks in evaluating the country’s sovereign rating, t...

Apr 24, 2019
Economy
S. Korea draws up W6.7tr budget bill to curb fine dust, boost economy

Govt expects extra spending to further reduce dust emissions by 7,000 tons, boost GDP growth by 0.1% this year

Apr 24, 2019
Economy
S. Korea draws up 6.7 tln-won extra budget to tackle economic slowdown, fine dust

South Korea proposed a 6.7 trillion-won ($5.8 billion) extra budget Wednesday to cope with a slowdown in Asia's fourth-largest economy and rising concerns over fine dust that often blankets the count...

Apr 24, 2019
Economy
[Herald Interview] PPS chief to strengthen procurement exports by emphasizing innovative growth

Koppex convention marks 20th anniversary as procurement agency celebrates 70th anniversary

Apr 23, 2019
Economy
S. Korea says exports likely to improve in 2nd half

South Korea's exports are likely to improve in the second half as demand for semiconductors picks up gradually, a senior government official said Friday. Lee Ho-seung, the first vice minister of eco...

Apr 19, 2019
Economy
[News Analysis] High inheritance tax fuels chaebol monopoly

Following the death of Hanjin Group Chairman Cho Yang-ho last week, the inheritance tax his bereaved family will have to pay is in the spotlight, with estimates suggesting as much as 200 billion won ...

Apr 18, 2019
Economy
BOK cuts growth forecast to 2.5%, freezes base rate

Central bank judges Seoul’s growth to be lower than ministry target and IMF prediction

Apr 18, 2019
Economy
BOK freezes key rate at 1.75% for April

South Korea's central bank held its policy rate unchanged at 1.75 percent for April on Thursday amid persistent concerns over an economic slowdown, despite a decline in inflationary pressure. The mo...

Apr 18, 2019
Economy
Working Koreans spend annual W1.4m on cash gifts: survey

South Koreans holding office jobs spend over 1.4 million won ($1,235) annually on cash gifts for special occasions, a poll showed Monday. The research, conducted by job research portal Saramin, invo...

Apr 15, 2019
Economy
Seoul calls on Washington for auto tariff exclusion

Finance minister meets with US counterpart over trade, FX agendas

Apr 14, 2019
Economy
Seoul calls for exemption from US auto duties in Washington

South Korea's finance minister called on the United States to exempt it from new import duties on imported vehicles at meetings of Group of 20 finance ministers and central bank governors held in Was...

Apr 14, 2019
Economy
IMF welcomes S. Korea's extra budget: finance ministry

WASHINGTON -- The head of the International Monetary Fund hailed South Korea's plan to draw up an extra budget, South Korea's finance ministry said Friday. IMF Managing Director Christine Lagarde sa...

Apr 13, 2019
Economy
S. Korea to prepare internally for inter-Korean economic projects: minister

South Korea's finance minister said Friday that Seoul will make internal preparations to carry out economic projects with North Korea when the conditions are right. Hong Nam-ki, the minister of econ...

Apr 13, 2019
Economy
[Monitor] S. Korea likely to allocate supplementary budget below W7tr in 2019

South Korea’s Finance Minister Hong Nam-ki said Wednesday that he expects to draw up a supplementary budget worth less than 7 trillion won ($6.1 billion) to resolve domestic issues. The size of the ...

Apr 11, 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