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Business loan increase weigh down on BOK’s rate hike dilemmaEconomyAug 9, 2018In 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... -
Korean economy decoupled from robust global growthEconomyAug 8, 2018The 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... -
Moin resumes cross-border wire transfer with ChinaMarketsAug 8, 2018South Korean financial technology startup Moin resumed its cross-border money transfer service without currency conversion fees double-charged to residents in China, starting Aug. 1, according to Moi... -
Vegetable prices jump 5.4% in single week from heat waveEconomyAug 8, 2018Prices 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... -
Unionized bank workers vote to go on strikeMarketsAug 7, 2018Unionized workers at South Korean banks voted Tuesday to go on strike amid a feud with management over the introduction of the shorter workweek system and other key pending issues, officials said. T... -
![[Herald Interview] Balancehero urges govt. to support firms targeting India entry](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2018/08/07/20180807000816_0.jpg)
[Herald Interview] Balancehero urges govt. to support firms targeting India entryMarketsAug 7, 2018The Korea Herald is publishing a series of interviews on promising startups in the financial technology industry. This is the 20th installment. -- Ed. Since taking office in 2014, Indian Prime Minis... -
Reality bites for hopes of peninsular economic cooperationEconomyAug 7, 2018The 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... -
Remittance startup Sentbe steps up operation in VietnamMarketsAug 7, 2018South Korean remittance startup Sentbe said Tuesday it has signed a memorandum of understanding with Vietcombank Remittance. The move will allow recipients to pick up wired money in an hour on avera... -
Declining construction investment worsens unemploymentEconomyAug 6, 2018Weakening 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 ... -
Kyobo Life’s insurance for education cost celebrates 60 yearsMarketsAug 6, 2018South Korea’s Kyobo Life Insurance has launched a variable life insurance product that covers an individual’s education expenses for college in line with the company’s original philosophy, the firm s... -
Finance minister calls for corporate support in job creation, innovative growthEconomyAug 6, 2018PYEONGTAEK -- 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 ... -
More companies report zero net profit in 2017EconomyAug 6, 2018The 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... -
S. Korea’s tax burden to exceed 20% in 2018EconomyAug 5, 2018South 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.... -
Household loans at 5 major banks reach W548t in JulyEconomyAug 4, 2018Household 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. The five ba... -
S. Korea's current account surplus reaches $7.38 b in JuneMarketsAug 3, 2018Korea's current account surplus continued its upside mode in June on an improved goods account surplus and reduced travel deficit, central bank data showed Friday. The country's current account surp...
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