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Korean public sector debt up in 2017

South Korea's public sector debt rose slightly in 2017 from a year earlier, but the ratio of debt to the country's gross domestic product fell, the government said Thursday. The country's public sec...

Dec 27, 2018
Economy
Korea's consumer sentiment rebounds in Dec.

South Korea's consumer sentiment rebounded slightly in December on hopes for a pay hike next year, a central bank poll showed Thursday. The composite consumer sentiment index for this month stood at...

Dec 27, 2018
Economy
Moon stresses need for industrial innovation

President Moon Jae-in again highlighted the importance of industrial innovation Wednesday, calling it the only way to ensure sustainable growth of the economy. "Industrial innovation of the Republic...

Dec 26, 2018
Economy
[News Focus] Indices unfavorable to Moon’s ‘quality of life’ motto

SEJONG - One month ago, President Moon Jae-in expressed his philosophy that indices for quality of life are more important than gross domestic product growth, during his meeting with Organization for...

Dec 26, 2018
Economy
Korea to raise monetary benefits for paid paternity leave

South Korea said Wednesday that it will raise the monthly benefits for paid parental leave from Jan. 1 onward as part of its efforts to boost the country's chronic low birthrate. The maximum amount ...

Dec 26, 2018
Economy
Experts forecast real estate market slump in 2019

Real estate experts forecast a market downturn throughout the country next year, although some see a chance of an increase in prices in the capital area, a survey showed Wednesday. According to a re...

Dec 26, 2018
Economy
[On the Bar] Virtual currency and its anti-money laundering obligations in Korea

On the Bar is a regular column written by attorneys at Yoon & Yang LLC on various laws and regulations that affect running a business in Korea. The content provided here is general legal information....

Dec 25, 2018
Economy
[Monitor] No. of ‘real-estate rich’ declines

The number of wealthy individuals who own at least 51 homes in South Korea marked 1,988 last year, down from 2,680 in 2016, data by Statistics Korea showed. The number of those owning at least 51 ho...

Dec 24, 2018
Economy
Korea to cut tariff rates on 79 products in 2019

The Cabinet on Monday approved a plan to lower tariff rates on 79 products next year to bolster South Korea’s industrial competitiveness and stabilize domestic goods prices. The products covered by ...

Dec 24, 2018
Economy
Sales of cold weather products surge in S. Korea

Sales of cold weather products increased in South Korea apparently as more people purchased goods to keep themselves warm during various year-end events, industry data showed Monday. According to ma...

Dec 24, 2018
Economy
[Monitor] Household debt rises 6.1 percent in 2018

The average debt of Korean households rose 6.1 percent to 75.31 million won ($66,700) as of March from a year ago, data showed Sunday. According to Statistics Korea, South Korean household assets on...

Dec 23, 2018
Economy
Seoulites earn the most for second year in a row

Residents of the South Korean capital earned the highest average incomes last year, data showed Friday. According to Statistics Korea, Seoul topped the list of 16 cities and provinces in per capita ...

Dec 21, 2018
Economy
Korea's producer prices drop at fastest pace in over 3 yrs in Nov.

South Korea's producer prices dropped at the fastest clip in more than three years in November on sagging crude oil prices, central bank data showed Friday. The producer price index, a barometer of ...

Dec 21, 2018
Economy
[Monitor] Majority support wider use of solar energy: survey

A majority of South Koreans were in support of expanding the generation and use of Solar photovoltaic power, according to a survey recently released by an association that promotes the wider use of s...

Dec 20, 2018
Economy
[News Focus] Korea’s unemployment, GDP growth enter critical phase

SEJONG -- Global research organizations have revised their growth outlook for the South Korean economy, predicting its GDP growth in 2018 and 2019 would stay under 3 percent. The International Monet...

Dec 20, 2018
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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