President says will be no tax hike for low-income firms, people

The Korea Herald > Business > Economy

Foreign banks upgrade Korea's economic outlook

Some foreign investment banks have raised their growth forecasts for South Korea's economy this year, thanks to better-than-expected exports and facility investment, a financial research institute sa...

Updated : 2017.07.04 09:20

Sales of image sensors set to soar through 2021

Global sales of image sensors are expected to rise through 2021 in line with the development of virtual reality and wearable devices, industry data showed Tuesday. According to the data compiled by ...

Updated : 2017.07.04 09:12

Korea has OECD’s highest proportion of low-paid women

South Korea had the highest proportion of low-paid female employees out of its total labor force among member countries of the Organization for Economic Cooperation and Development in 2015, mainly du...

Updated : 2017.07.03 16:56

Economic showdown looms ahead for Korea-US FTA

The Korea-US summit in Washington last week finished with ambiguous statements from both sides as well as President Trump expressing his intent to renegotiate the current Korea-US Free Trade Agreemen...

Updated : 2017.07.03 15:56

Mortgage approvals by 6 retail banks hit 7-month high in June

Mortgage lending by six major retail banks grew to a seven-month high in June, as more people sought to receive mortgages before the government tightens lending regulations for home mortgages, data s...

Updated : 2017.07.03 14:37

Rise in household debt will not affect consumption due to rising

South Korea will not undergo a sharp drop in consumption despite the ever-rising household debt, a private think tank said Monday, citing growth in property and financial asset value. Households whe...

Updated : 2017.07.03 11:57

Pay disparity widens between senior managers, ordinary workers

Senior managers at big service sector firms earned 4.2 times more than rank-and-file workers last year, highlighting the widening wage gap in earnings that began with the 2008-09 global financial cri...

Updated : 2017.07.03 11:53

5 firms added to antitrust watch list in June

The number of South Korean business groups' affiliates under tight restrictions on mutual investment and loan guarantees rose slightly in June from a month earlier, the corporate watchdog said Monday...

Updated : 2017.07.03 11:12

Korean women paid much less than men compared to counterparts

South Korean women employees are paid less than their male counterparts among Organization for Economic Cooperation and Development member economies, due to wage discrimination, data showed Monday. ...

Updated : 2017.07.03 11:03

FTA renegotiation issue remains open upon summit

South Korean President Moon Jae-in flew back to Seoul on Sunday with a reaffirmed US alliance and renewed momentum to resolve the North Korea impasse, but he left open the controversial issue of Wash...

Updated : 2017.07.02 16:35

S. Korea's exports jump 13.7 ercent in June

South Korea's exports extended their winning streak for the eighth month in a row by expanding 13.7 percent last month on recovering global commerce, the trade ministry said Saturday. Outbound shipm...

Updated : 2017.07.01 13:55

Foreign investors trading on Korean bourse up slightly in May

The number of foreign stock investors registered in South Korea rose slightly in May, with Americans accounting for the lion's share, the country's financial watchdog said Friday. The number of over...

Updated : 2017.06.30 16:14

Think tank raises Korea's growth outlook

The South Korean economy will likely grow at a faster pace this year than initially estimated on resilient exports and corporate capital spending, a private think tank said Thursday. In its second-q...

Updated : 2017.06.29 15:51

Rates for household loans inch up in May

Bank lending rates on new household loans inched up in May and interest rates paid by banks on new deposits remained unchanged, central bank data showed Thursday. The average interest rates on fresh...

Updated : 2017.06.29 12:07

Electronic payments hit record high in Q1

The amount of payments made electronically hit a record high in the first quarter, central bank data showed Thursday, in the latest sign that a growing number of South Koreans are using online means ...

Updated : 2017.06.29 12:03