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

The Korea Herald > Business > Economy

Korea's retail sales up 6.3% in May on online growth

Sales of key retailers in South Korea grew 6.3 percent last month from a year earlier, led by the strong performance in the online sector, government data showed Thursday. The combined revenue of 26...

Updated : 2017.06.29 11:11

Debt burden of Korean young adults soars over 3 years

The debt burden of South Koreans in their 20s and 30s has grown at the fastest pace among all age groups over the past three years amid a spike in household debt, central bank data showed Thursday. ...

Updated : 2017.06.29 10:55

Korea's manufacturing sentiment worsens for July

South Korean manufacturers' business sentiment for July worsened from this month as local companies expect a slight decline in domestic demand and exports, central bank data showed Thursday. The bus...

Updated : 2017.06.29 10:39

Korea needs to address inevitabilities of household debt: economists

South Korea does not face an imminent crisis over its growing household debt, but it needs to address some inevitabilities, foreign economists said Wednesday. South Korea's household debt stood at 1...

Updated : 2017.06.28 18:16

Cooperation trumps restrictions for sustainable reform: Herald forum

South Korea needs to address chronic problems in its economic structure in order to achieve sustainability in economic reforms, including those of family-run business groups known as chaebol by the n...

Updated : 2017.06.28 18:07

Corporate internal reserves on rise

The rising level of internal reserves at Korea’s large corporations is drawing attention again, as the new administration is moving to levy heavier taxes on them. According to Chaebul.com, an onlin...

Updated : 2017.06.28 17:36

Govt. urged to exempt taxes on income earned abroad: KERI

A private think tank urged the government Wednesday to exempt taxes on income earned by South Korean multinationals abroad so they can easily repatriate funds that can fuel investment in the country....

Updated : 2017.06.28 16:54

Korean households' net lending shrinks in Q1

Net lending by South Korean households fell in the first quarter from a quarter earlier due to the increased purchase of houses, central bank data showed Wednesday. The net lending, which reflects a...

Updated : 2017.06.28 13:27

Seoul stocks start lower tracking Wall Street

South Korean shares opened weak Wednesday, tracking a decline on Wall Street after a key vote on US President Donald Trump's health care plan was delayed. The benchmark Korea Composite Stock Price I...

Updated : 2017.06.28 10:43

Korea's toy imports hit record high through April: data

The amount of toy imports in South Korea rose to a record level in the first four months of this year on robust demand for character robots, government data showed Wednesday. The inbound shipment of...

Updated : 2017.06.28 10:31

Korea's stock funds shine on bull market

South Korea's stock funds returned nearly 17 percent in the first half of the year as the equity market soared on improving corporate earnings and an economic recovery, a fund evaluator said Wednesda...

Updated : 2017.06.28 10:16

Eland targets W400b online sales from Korea, China this year

Eland Group, a major South Korean outlet mall operator, is seeking to log over 400 billion won ($351 million) in sales from its local and Chinese e-commerce platforms, industry sources said Wednesday...

Updated : 2017.06.28 10:05

Consumer sentiment index hits 6-year high

The Composite Consumer Sentiment Index in South Korea hit a new high for the last six years and five months, data showed Tuesday. The CCSI reached 111.1 in June, up 3.1 points from the previous mont...

Updated : 2017.06.27 17:09

Think tank revises up 2017 growth forecast for Korean economy to 2.8%

A state-run think tank on Tuesday revised up its 2017 growth forecast for the South Korean economy by 0.3 percentage point to 2.8 percent on the strength of global trade and eased uncertainties at ho...

Updated : 2017.06.27 14:57

Importance of FTA to be highlighted at Korea-US summit

President Moon Jae-in is embarking on his first overseas trip as Korea’s leader, attending a critical two-day Korea-US Summit with President Donald Trump on Thursday and Friday. During the summit...

Updated : 2017.06.27 13:11