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Banks expected to tighten grip on loans in Q1 amid pandemic: pollMoneyJan 13, 2021Banks in South Korea are expected to tighten their lending to households and the small business sector in the first quarter of this year, as credit risks will remain high amid the pandemic, a central... -
S. Korea's agricultural exports up 7.7% to record high in 2020 amid pandemicEconomyJan 13, 2021South Korea's exports of agricultural and livestock products advanced 7.7 percent on-year in 2020 on the back of growing demand for healthier foodstuffs amid the new coronavirus pandemic, data showed... -
Seoul stocks open higher on investors' bottom-fishingMarketsJan 13, 2021South Korean stocks opened higher Wednesday, as investors went bottom-fishing for certain large caps that suffered large losses during the key index's two-day slump from an institutional selling spre... -
S. Korea to invest over W380b in smart farm tech through 2027EconomyJan 13, 2021South Korea's ICT ministry said Wednesday it will invest 386.7 billion won ($353.3 million) to develop smart farms over the next seven years as part of the country's efforts to introduce new technolo... -
Dec. job loss largest in over 2 decades amid pandemicEconomyJan 13, 2021South Korea reported the largest job loss in December since 1999 as a resurgence in new coronavirus cases dealt a blow to jobs in the service sector, data showed Wednesday. For the whole of 2020, th... -
‘No assistance to SsangYong Motor if labor dispute unresolved’MoneyJan 12, 2021Policy lender Korea Development Bank Chairman Lee Dong-gull said Tuesday that SsangYong Motor’s fate on getting financial assistance depends on its promise of stopping labor disputes until the cash-s... -
Retail investors unnerved by plan to lift ban on short-sellingMarketsJan 12, 2021Concerns over the government‘s announcement that it would end a temporary ban on short-selling rose among retail investors Tuesday, as they claim that the reactivation of such trading practice could ... -
![[Market Close-up] Kospi’s dizzy new heights: Asset bubble or market reality?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/01/12/20210112000854_0.jpg)
[Market Close-up] Kospi’s dizzy new heights: Asset bubble or market reality?MarketsJan 12, 2021Some analysts optimistic about upward direction of South Korea's main bourse, but others warn of its speed -
![[News Focus] Foreign residents’ jobless rate soars to new record](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/01/12/20210112000001_0.jpg)
[News Focus] Foreign residents’ jobless rate soars to new recordEconomyJan 12, 2021Female foreign residents’ figure tops 10% for 1st time -
Coupang’s rumored IPO in March lifts stocks of partner firmsMarketsJan 12, 2021The recent news of e-commerce unicorn Coupang going public as early as March has boosted stocks of partner companies in South Korea on Tuesday. Dongbang, a logistics firm that handles Coupang’s deli... -
Seoul stocks down for 2nd day on profit-takingMarketsJan 12, 2021South Korean stocks closed lower for the second straight session Tuesday as institutional and foreign investors cashed in gains amid concerns of an overheated market. The Korean won fell against the... -
S. Korea likely to outpace Italy in GNI per capita: BOKEconomyJan 12, 2021South Korea is likely to overtake Italy in gross national income per capita as its economic growth rate fared well compared to the European economy, according to the Bank of Korea Tuesday. The natio... -
S. Korea to hold annual meeting with IMF on economyEconomyJan 12, 2021South Korea will begin its annual meeting with the International Monetary Fund (IMF) this week on the country's overall economic situation and its response to the new coronavirus outbreak, the financ... -
S. Korea to invest W125b in AI chips this yearEconomyJan 12, 2021South Korea's ICT ministry said Tuesday it will invest 125.3 billion won ($114.1 million) this year to support the development of neural processors, up 75 percent from last year. Neural processing u... -
FDI pledges to S. Korea dip 11% in 2020 amid pandemicEconomyJan 12, 2021Foreign direct investment (FDI) pledges to South Korea dipped 11 percent in 2020 from a year earlier, data showed Tuesday, as the unprecedented virus pandemic has dealt a harsh blow to business activ...
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