The Korea Herald

Financial firms await leadership changes, extensions

MarketsJan 7, 2018

Authorities close in on alleged influence by incumbents for reappointments
Authorities to inspect virtual cryptocurrency accounts at banks

MarketsJan 7, 2018

A special investigation will be implemented on virtual accounts used for cryptocurrency deals, as part of the government’s recent pledge to crack down on excessive speculations, officials said Sunday...
Gov't finalizes details on tax code revision

EconomyJan 7, 2018

SEJONG -- South Korea's finance ministry said Sunday that it has finalized the details on a tax code overhaul whose main features are the levying of an additional tax on owners of multiple homes, a m...
[Monitor] More teens inherit over 100 million won

MarketsJan 7, 2018

The number of donees who had reported gift taxes upon receiving at least 100 million won ($94,000) as of 2016 surpassed 50,000, increasing 21 percent from the previous year, data from the National Ta...
[Kosdaq Star] Ubiquoss makes V-shaped recovery on 5G impetus

MarketsJan 7, 2018

This is the 48th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed. South Korea announced in October last year the upcoming PyeongChang Olympic Winter G...
S. Koreans' investment in overseas stocks tops US$30 bln last year

EconomyJan 7, 2018

South Koreans' investment in overseas stocks came to US$30.5 billion in the first 11 months of last year, central bank data showed Sunday. The figure represents a 55 percent hike from $19.6 billion ...
Korea's current account surplus narrows to $7.43b for Nov.

EconomyJan 5, 2018

South Korea's current account surplus narrowed in November over the previous year, due mainly to a sharp rise in the service account deficit, central bank data showed Friday. The country's current a...
Korea to benefit from opening of China's service market: experts

EconomyJan 5, 2018

South Korea is expected to benefit from China's rapidly growing service industry if the two countries agree to upgrade their bilateral free trade agreement to include the service and investment secto...
Kakao Corp to launch debit cards to compete in offline payment market

EconomyJan 5, 2018

Kakao Corp, the operator of the country's top mobile messenger service Kakao Talk, will launch debit cards next week to jump into the offline payment business, company officials said Friday. Promoti...
BOK chief, finance minister vow firm actions to achieve growth in 2018

EconomyJan 4, 2018

Economic policymakers will take measures in case of excessive fluctuations in FX market
BOK chief, finance minister vow to manage risk factors to fuel economic growth in 2018

EconomyJan 4, 2018

South Korea's top economic policymakers said Thursday that they will do their best to manage economic and financial risks to maintain economic growth momentum in the new year. "Despite some downside...
Korea pushes against US import restrictions on washers

EconomyJan 4, 2018

WASHINGTON -- South Korea pushed Wednesday to stop the United States from imposing import restrictions on its large residential washers, saying such a move would adversely impact the American economy...
Financial innovation matters for 3% growth: finance minister

EconomyJan 3, 2018

Deputy Prime Minister and Finance Minister Kim Dong-yeon on Wednesday urged the financial circles to grow out of their loan-focused business practices and to play innovative roles so as to contribute...
Employment conditions set to worsen

EconomyJan 3, 2018

Concerns are deepening that the country’s employment conditions will continue to worsen this year, leaving young job seekers frustrated and forcing mostly low-wage employees out of work. In his New ...
KTB on track of leadership shift

MarketsJan 3, 2018

South Korean brokerage KTB Investment & Securities is on track for a transition in leadership to incumbent Vice Chairman Lee Byung-chul, in the wake of a series of scandals involving Chairman Kwon Su...