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Korea expects US pressure on auto industry in FTA talksEconomyDec 18, 2017South Korea's trade ministry said Monday it will push to start talks to amend the free trade agreement with the United States within a month or so and expected Washington to engage in hardball tactic... -
More than 1 in 10 Korean workers underpaid: dataEconomyDec 17, 2017More than 1 out of 10 South Korean workers were paid below the minimum wage in 2016, with many being teenagers, elderly or female workers, government data showed Sunday. Out of 19.62 million workers... -
Commercial banks to raise floating mortgage rates this weekMarketsDec 17, 2017South Korea's commercial banks are set to raise floating rates for mortgage loans this week in line with a benchmark money market rate hike, industry officials said Sunday. The top five banks -- KB ... -
Data show rising number of borrowers with excessive debtEconomyDec 17, 2017A growing number of South Koreans were holding excessive amounts of loans compared with their income levels, raising concerns over their debt service capability, central bank data showed Sunday. One... -
Seoul shares may test 2,520 next week on eased uncertaintiesEconomyDec 16, 2017outh Korean shares could rise next week on eased market uncertainties, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) is expected to test 2,520 next week. The main i... -
Moody's upgrades outlook for S. Korean banking systemEconomyDec 16, 2017Moody's Investors Service has upgraded the South Korean banking system's outlook to "stable" from "negative," citing stronger economic growth and stabilizing asset quality in Asia's fourth-largest ec... -
![[Herald Interview] Education key to dealing with bitcoin craze](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/12/15/20171215000794_0.jpg)
[Herald Interview] Education key to dealing with bitcoin crazeMarketsDec 15, 2017Co-founder of cryptocurrency-turned-venture capitalist urges Korea to study blockchain to remain tech leader -
KCS official blamed for leak of gov't measures against cryptocurrency speculationMarketsDec 15, 2017A Korea Customs Service official was found to have leaked a government press release announcing a package of measures aimed at curbing cryptocurrency speculation earlier this week, officials said Fri... -
Cryptocurrency exchanges seek to improve market transparencyMarketsDec 15, 2017South Korea‘s cryptocurrency exchanges said Friday they will adopt self-regulatory measures to boost transparency in the highly speculative market. The Korea Blockchain Association, consisting of 14... -
Weakest gold in year ‘not relevant’ to bitcoin surge: analystMarketsDec 15, 2017South Korean gold prices are at their lowest in almost a year while bitcoin prices rise exponentially, but a Korean analyst on Friday rebutted claims that gold’s decline was down to the bitcoin craze... -
Turnover of derivatives market gains 9% in H1MarketsDec 15, 2017The trading volume of South Korea's derivatives market expanded nearly 9 percent in the first half of the year on the back of a bullish stock market, the financial regulator said Friday. The combine... -
Senior Korean official to protest EU's tax haven blacklistingMarketsDec 15, 2017A senior foreign ministry official will protest the European Union's recent blacklisting of South Korea as a tax haven country during a meeting in Brussels Friday, a government source said. Deputy F... -
Korea's annual trade volume tops $1trEconomyDec 14, 2017South Korea's annual trade volume surpassed the $1 trillion mark for the first time in three years, driven by upbeat exports of memory chips and petrochemical products, the government said Thursday. ... -
US rate hike to have little impact on Korean marketMarketsDec 14, 2017South Korea's central bank chief said Thursday that the latest rate rise by the US Federal Reserve will have little impact on the local financial market, as the move was widely expected. "The market... -
Vulnerable households likely to suffer from increased debt repayments after rate rise: BOKMarketsDec 14, 2017An interest rate rise in South Korea will increase the debt repayment burdens of vulnerable households who over-extended themselves on mortgages during the low rate period, the central bank said Thur...
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