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Monthly rent trades in Seoul hit new record in February

The trade volume for monthly rent apartments in Seoul reached a record high last month, especially in districts with popular high schools.As bank interest rates and housing prices continued to remain ...

Updated : 2015.03.02 20:14

Korean firms eye Japanese food market

Korean food exporters plan to lure Japan, the world’s largest importer of Korean food, at the annual international food expo in Tokyo, the Agriculture Ministry said Monday. A total of 56 Korean food exporters will set up booths at the Korean segment of the 40th Foodex Japan, in Makuhari M...

Updated : 2015.03.02 20:14

S. Korean banks' loan delinquency rate climbs in Jan.

The delinquency rate on loans extended by South Korean banks, including household borrowing, edged up in January from the previous month, the financial watchdog said Monday.The average delinquency rate of bank loans stood at 0.71 percent at the end of January, up 0.07 percentage point from...

Updated : 2015.03.02 12:10

New firm establishment nears record high in Jan.

The number of newly established firms in South Korea soared to a near-record high in January, data showed Monday, with most new firms being small in size as more retirees opted to start their own businesses.A total of 8,070 companies were set up in January, nearing the all-time high of 8,1...

Updated : 2015.03.02 12:09

Mortgage lending grows at record pace

Banks’ mortgage loans grew at record pace during the first two months of this year, indicating that the high “jeonse” rates and low loan interest rates were pushing people to buy their homes.The ou...

Updated : 2015.03.01 18:53

[Graphic News] Spending on private tutoring grows

The nation’s private education spending per child in 2014 edged up 1.2 percent on-year from a year earlier, Statistics Korea said on Sunday. Officials attributed the increase to a sharp rise in spend...

Updated : 2015.03.01 18:47

Most airmailed pet foods flunk quarantine

The majority of pet foods ordered from overseas by Korean online shoppers last year were seized and trashed at the quarantine service for phytosanitary reasons, the Food Ministry said Sunday.The National Plant Quarantine Service confiscated 2,231 packages, or 93.3 percent of the total pet ...

Updated : 2015.03.01 18:28

Shinhan opens earnings analysis system

Shinhan Bank said Sunday that it had developed a new investment performance analysis system, which enables customers to check the earnings rates of their savings, funds, and trusts at a glance.In addition to offering an in-depth analysis and strategies to customers, the system will also di...

Updated : 2015.03.01 18:25

[Herald Interview] Foodpolis, a smart way to unlock Chinese market

Global food manufacturers find the Chinese market a tough nut to crack.The U.S. government recently complained about China’s subsidies to enterprises including food manufacturers. Last year, E-mart, ...

Updated : 2015.02.27 20:35

Lezhin aims to boost comic book industry

Unlike in the U.S. or Japan, comic books in Korea have not been considered materials that can fuel creativity and imagination.Parents have discouraged their kids from reading comic books, let alone fr...

Updated : 2015.02.27 20:32

Seoul shares tick down 0.37 pct on profit-hunting

South Korean stocks crept down 0.37 percent Friday, snapping their seven-session winning streak, as investors sought to lock in profits from recent rallies, analysts said. The South Korean won declined against the U.S. dollar.  The benchmark Korea Composite Stock Price Index lost 7.28 po...

Updated : 2015.02.27 17:52

Gov't to ease bank levies for won-yuan 'market creators'

South Korea plans to provide incentives by cutting or reducing bank levies on 12 banks that have been named as "market creators" of the won-yuan exchange market in a bid to vitalize the recently launched market.  Under the plan, Seoul will eliminate the bank tax on yuan debts and partial...

Updated : 2015.02.27 15:17

FSC backs relief program for borrowers

Financial authorities said Thursday that local lenders would launch a massive program to cut the cost of loans for borrowers next month as a way to curb rising household debts.Under the new loan-transfer program, the money will go to help households seeking to refinance their mortgage len...

Updated : 2015.02.26 21:22

Credit card spending rate slows

South Koreans’ credit card spending reached 48.4 trillion won ($44 billion) last month, up 3 percent from the same period a year ago, the Credit Finance Association said Thursday.This marked the second-lowest increase since February last year, when credit card spending grew 2.5 percent on...

Updated : 2015.02.26 20:29

Korea struggles to curb auto insurance fraud

A damaging traffic accident is a devastating experience for anybody, even more so if one has to struggle to prove the genuineness of the casualty and discard the suspicions of insurance fraud.“The worst was that I had to spend extra time and effort communicating with the insurance company...

Updated : 2015.02.26 20:28