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Religious tax brawl disrupts Moon’s fiscal blueprintEconomyAug 24, 2017President Moon Jae-in’s vision of improving economic equity may suffer some setbacks due to a group of Christian lawmakers’ resistance to an incoming taxation bill on religious leaders. While the ad... -
Kakao Bank secures 2.9m users in 1 month, security woes persistMarketsAug 24, 2017Kakao Bank solidified its position as South Korea’s leading direct bank in its first month of operation, data showed Thursday, although concerns persist over customer service scams and loopholes in a... -
Seoul stocks end higher on institutional buyingMarketsAug 24, 2017South Korean stocks ended higher Thursday as institutions turned to net buyers. The won closed higher against the dollar. The benchmark Korea Composite Price Index rose 9.44 points, or 0.40 percent,... -
![[Monitor] Koreans’ overseas card spending hits record high](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/08/24/20170824000867_0.jpg)
[Monitor] Koreans’ overseas card spending hits record highEconomyAug 24, 2017South Koreans’ use of cards overseas hit a record high in the second quarter of this year amounting to $4.18 billion, up 20.6 percent from a year earlier, according to the Bank of Korea on Thursday. ... -
Corporate loans rise slightly in Q2EconomyAug 24, 2017Loans extended to local businesses rose slightly in the April-June period from a quarter earlier on increased operating expenses and facility investments, central bank data showed Thursday. Outstand... -
Q2 ratio of short-term debt to foreign reserves hits highest in more than a yearEconomyAug 24, 2017The ratio of South Korea's short-term foreign debt to its foreign reserves hit the highest level in more than a year in the second quarter, central bank data showed Thursday. The country's short-ter... -
Korea to increase job-creating budget by 12% next yearEconomyAug 24, 2017South Korea's finance chief said Thursday that the government will increase spending on job creation by more than 10 percent in 2018 as part of its efforts to help raise income levels of ordinary peo... -
Seoul shares extend gains in late morning tradingMarketsAug 24, 2017South Korean stocks extended gains late Thursday morning as foreigners and institutions scooped up market heavyweights. The won rose against the dollar. The benchmark Korea Composite Stock Price Ind... -
LG Chem trades at 52-week high on earnings, battery bizMarketsAug 24, 2017LG Chem Ltd., South Korea's top chemical firm, soared to a 52-week high on Thursday on solid earnings and hopes for its burgeoning battery business, industry sources said. LG Chem traded at 377,500 ... -
Govt. to expand health insurance benefits for pregnant womenEconomyAug 24, 2017The South Korean government will expand health insurance benefits for pregnant women, the government said Thursday, in an effort to better tackle the country's chronic low birthrate. The Ministry of... -
Korean stocks open higher on foreign buyingMarketsAug 24, 2017South Korean stocks opened higher Thursday helped by foreign buying. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 5.52 points, or 0.23 percent, to ... -
Gold funds shine on flight to safetyMarketsAug 24, 2017Gold-related funds in South Korea have posted stellar returns over the past month, data showed Thursday, as geopolitical risks chilled the stock market and stoked investors' flight to safety. Those ... -
Koreans' overseas card spending hits record high in Q2EconomyAug 24, 2017Overseas card spending by South Koreans hit a record high in the second quarter despite a decline in the number of people going overseas, the central bank said Thursday. In the April-June period, ov... -
Deregulations can offset side effects of corporate tax hike: finance ministerEconomyAug 24, 2017South Korea's finance chief said Wednesday that the government will examine steps to ease regulations to help offset the negative side effects of a looming corporate tax hike. Finance Minister Kim D... -
Korea to tighten grip on short-sellingMarketsAug 23, 2017Short-selling in Korean stock markets is widely vilified and picked as the culprit behind market disruption
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