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KDB’s ‘Next Round’ program targets start-upsMarketsJun 22, 2017To help startups prepare for the future, Korea Development Bank has been running the “KDB Next Round” program that helps link companies with new investors. First launched in August last year, KDB’s... -
Korean workers earn average W3.29m monthly in 2015EconomyJun 22, 2017South Korean employees were paid an average 3.29 million won ($2,885) per month in 2015, with male workers earning 1.7 times more than their female colleagues, government data showed Thursday. Accor... -
Korean shares extend gains on tech, airline stocksMarketsJun 22, 2017South Korean shares extended gains late Thursday morning as foreigners turned net buyers. The won traded higher against the dollar. The benchmark Korea Composite Stock Price Index rose 7.19 points, ... -
Korea spends 48% of 2017 budget through MayEconomyJun 22, 2017The South Korean government has used nearly half of its planned budget in the first five months of the year as part of its efforts to frontload spending to prop up the economy, the finance ministry s... -
Whisky sales drop amid change in drinking cultureEconomyJun 22, 2017Sales of whisky products in South Korea continued to fall in the first five months of this year, mainly due to a protracted economic slump and a change in the drinking culture, industry data showed T... -
Value of stocks owned by 100 richest shareholders jumps 21.3%MarketsJun 22, 2017The combined value of stocks owned by South Korea's 100 richest stockholders has jumped 21.3 percent, helped by a rally in the stock market, industry data showed Thursday. The benchmark Korea Compos... -
Mortgage applications soar on anti-speculation stepsMarketsJun 22, 2017South Korea's four major lenders saw mortgage applications jump nearly 11 percent shortly after the government unveiled measures to cool the property market this week, sources said Thursday. The fin... -
Seoul shares open higher despite US lossesMarketsJun 22, 2017South Korean stocks opened higher Thursday despite overnight losses on Wall Street, led by gains in top cap Samsung Electronics. The won rose against the US dollar. The benchmark Korea Composite Sto... -
Probe on NCsoft short selling launchedMarketsJun 21, 2017The financial regulators launched a probe Wednesday on the massive short sellings of the game developer NCsoft the previous day, amid market concerns over alleged insider trading. On Tuesday, a day ... -
![[Monitor] Nearly half of Korean workers pay no income tax](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/06/21/20170621001096_0.jpg)
[Monitor] Nearly half of Korean workers pay no income taxMarketsJun 21, 2017Nearly half of South Korean workers paid no income tax in 2015, a state-run think tank‘s report showed Tuesday. According to the report by the state-run Korea Institute of Public Finance, 46.5 perce... -
MSCI decision unlikely to dampen Korean stock markets: FSCMarketsJun 21, 2017South Korea’s stock markets are unlikely to be dampened despite foreign cash flight triggered by the MSCI’s plans to add China A Large Cap shares to its benchmark emerging markets index starting next... -
Korea's economic policymakers vow to create more jobs, spur investmentEconomyJun 21, 2017South Korea's top economic leaders vowed on Wednesday that they will make concerted efforts to create quality jobs and stir up investment and innovation in the private sector. Finance Minister Kim D... -
Seoul stocks end lower on foreign selling, US lossesMarketsJun 21, 2017South Korean stocks ended lower on Wednesday as foreigners turned net sellers tracking losses on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Ind... -
Most Koreans who live alone are married: surveyEconomyJun 21, 2017The number of single households is continuing to spike as more Koreans live away from their families, while the country’s marriage rate continues to nose-dive. According to a survey released by Sta... -
Public sector net lending hits record W44tr in 2016EconomyJun 21, 2017South Korea's public sector net lending hit a record high last year, thanks to a robust gain in tax revenues and lower oil prices, data showed Wednesday. Net lending, which refers to total revenue m...
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