The Korea Herald

[News Focus] Korea’s economy underperforms among emerging nations

EconomyFeb 9, 2020

While Korea reported the lowest growth in a decade in 2019 since it stood at 0.8 percent in 2009, local and foreign analysts are also not upbeat about the nation’s economy this year. J.P. Morgan, Ba...
NPS hikes stake in local firms upon eased rules

MarketsFeb 9, 2020

Pension funds’ moves raise hopes for shareholder’s rights, worries over management interference
S. Korea strengthens crackdown on smuggling face masks out of country

EconomyFeb 9, 2020

South Korea has strengthened its crackdown on travelers' attempts to smuggle out face masks in bulk to fight the new coronavirus, officials said Saturday, with the customs office confiscating the pro...
FSS in hot water for failing to prevent derivatives disaster

MoneyFeb 7, 2020

South Korea’s financial watchdog, the Financial Supervisory Service, has become the target of criticism for having failed to prevent the recent fiasco involving derivatives-linked funds. The state-ru...
Lime likely to release result of audit on its funds: FSC

MarketsFeb 7, 2020

Hedge fund operator Lime Asset Management will likely announce the amount of losses made by some of its troubled funds next week, according to the Financial Services Commission on Friday. The audit ...
Korea to hold K-pop concert in Russia to celebrate 30 years of diplomatic ties

EconomyFeb 7, 2020

The South Korean government will hold a large cultural event, including a K-pop concert and food exhibition in Russia to commemorate the 30th anniversary of the two countries’ diplomatic ties, accord...
S. Korea to control supply of masks, hand sanitizers

MarketsFeb 7, 2020

Finance Minister Hong Nam-ki said on Friday that the ministry will implement measures to control the supply and distribution of masks and hand sanitizers next week, warning that the government would ...
Seoul stocks open lower on virus woes

MarketsFeb 7, 2020

Seoul stocks opened lower Friday following a three-session winning streak as investors continue to assess the economic impact of the new coronavirus. The benchmark Korea Composite Stock Price Index ...
Seoul’s office vacancy hits 10-year low in Q4: JLL Korea

MarketsFeb 6, 2020

Index improvement attributable to lease deals in downtown landmark buildings
Woori Financial chief to remain until further notice

MoneyFeb 6, 2020

South Korea’s Woori Financial Group on Thursday said its current chief would maintain his role for the time being despite sanctions imposed by financial authorities for misselling of derivatives-link...
Insurance sector speeds up digital transition

MarketsFeb 6, 2020

Traditional insurance companies in South Korea are speeding up digital transformation of their operations and services to compete with emerging tech-savvy companies that are proliferating in the fina...
[News Focus] Korea’s national debt up 107 trillion won since 2016

EconomyFeb 6, 2020

Parliamentary estimates also suggest that per capita national debt surpassed the 14 million won mark (14.16 million won) for a population of 51.8 million. It surged by more than 1 million won in two ...
Kakao’s entry into brokerage to vitalize fintech market: reports

MarketsFeb 6, 2020

Mobile messenger Kakao’s entry into the stock trading market, via its fintech spinoff Kakao Pay, will boost growth of the financial technology sector and the brokerage market, according to local anal...
Public jobs account for 9.1% of labor market in 2018

EconomyFeb 6, 2020

Jobs offered by the government and state-run companies accounted for 9.1 percent of South Korea's labor market in 2018, government data showed Thursday. A total of 2.45 million people were employed ...
S. Korea vows deregulation in 10 sectors

EconomyFeb 6, 2020

South Korea's finance ministry said Thursday it has designated 10 industrial sectors for deregulation, including artificial intelligence and biotechnology, to help them develop technologies and servi...