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LATEST NEWS

Business loan increase weigh down on BOK’s rate hike dilemma

In addition to the series of slack economic indices, the latest statistics on bank loans has added further weight to burgeoning speculations that South Korea’s central bank is likely to shelve its po...

Aug 9, 2018
Economy
Korean economy decoupled from robust global growth

The Korean economy is being decoupled from a robust recovery of the global economy this year, held back by sluggish domestic demand and deteriorating external conditions. Last month, the Ministry of...

Aug 8, 2018
Economy
Vegetable prices jump 5.4% in single week from heat wave

Prices of vegetables jumped more than 5 percent last week from the week before as the heat wave continued, while the price of ice cream fell by over 40 percent, data showed Wednesday. According to a...

Aug 8, 2018
Economy
Reality bites for hopes of peninsular economic cooperation

The Korea Herald is publishing a series of articles featuring inter-Korean relations to mark the paper’s 65th anniversary that falls on Aug. 15. Following is the fifth installment. - Ed. The possibi...

Aug 7, 2018
Economy
Declining construction investment worsens unemployment

Weakening construction investment is cited by economists as a key reason for the country’s deteriorating unemployment and decelerating growth. According to a recent report from the Construction and ...

Aug 6, 2018
Economy
Finance minister calls for corporate support in job creation, innovative growth

PYEONGTAEK -- South Korea's top economic policymaker on Monday urged Samsung Group, the country's leading conglomerate, to do more to create jobs and spearhead innovative growth in the latest appeal ...

Aug 6, 2018
Economy
More companies report zero net profit in 2017

The number of companies that either made zero net profit or pure profit of more than 10 billion won ($8.87 million) both increased last year, records from the National Tax Service showed Monday, indi...

Aug 6, 2018
Economy
S. Korea’s tax burden to exceed 20% in 2018

South Korea’s tax burden this year is likely to surpass 20 percent of gross domestic product for the first time, on the back of the government’s expansionist fiscal operations, officials said Sunday....

Aug 5, 2018
Economy
Household loans at 5 major banks reach W548t in July

Household loans at South Korea's five major banks reached an accumulated 548 trillion won at the end of July as people continue to borrow money to buy a house, the lenders said Saturday. (Yonhap) T...

Aug 4, 2018
Economy
State firms to spend over W30tr to nurture innovative growth

State-led companies plan to spend over 30 trillion won ($27 billion) in key leading sectors, such as autonomous driving, by 2022, thus creating an environment for private companies to seek innovative...

Aug 2, 2018
Economy
S. Korean exports little affected by demand from advanced nations: report

South Korean triathletes said Thursday they'll try to bring home the first Asian Games gold medal from Indonesia this year. The triathlon team to compete at the Aug. 18-Sept. 2 Asian Games in Jakart...

Aug 2, 2018
Economy
Online shopping purchases continue to increase in June

Purchases made using the Internet and mobile devices in South Korea continued to show solid growth in June, government data showed Thursday, demonstrating the popularity of smartphones, fast delivery...

Aug 2, 2018
Economy
Weak inflation hampers BOK’s rate hike timeline

South Korea’s economy found itself in a prolonged deadlock in July, as its long-stalled domestic market failed to gain upward momentum, in contrast to the steady growth of the outbound sector, data s...

Aug 1, 2018
Economy
Finance Ministry changes English name

Ministry deletes ‘strategy’ and inserts ‘economy’ from English name

Aug 1, 2018
Economy
Korea's exports rebound in July

South Korea's exports rebounded in July from the previous month's slight fall, largely due to a continued rise in outbound shipments of chips and petrochemical goods, government data showed Wednesday...

Aug 1, 2018
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 : Shin Chang Hoon
Tel : 02.727.0114