The Korea Herald

Long Chuseok holiday poses dilemma for SMEs

EconomySept 17, 2017

Planned to encourage consumer spending and revitalize the domestic market, the government’s designation of Oct. 2 as a temporary holiday to fill the chain of holidays in early October comes amid disc...
Possible FOMC tightening to ease uncertainties: analysts

MarketsSept 17, 2017

The United States Federal Open Market Committee’s decision this week to take another step back from yearslong quantitative easing is likely to ease uncertainties for the financial markets in South Ko...
Markets’ 10-day closure to be first in over 30 years

MarketsSept 17, 2017

The Korea Exchange, South Korea’s sole securities market operator, is bracing for the 10-day closing of the market next month, the longest in more than three decades. The main bourse and the seconda...
North Korea's fresh missile launch has limited impact on local market

EconomySept 15, 2017

South Korea’s financial market on Friday remained relatively unperturbed by North Korea’s launch of another ballistic missile, despite aggravated geopolitical tension on the Korean Peninsula. Financ...
Seoul stocks up despite N. Korea's missile launch

MarketsSept 15, 2017

South Korean stocks closed higher Friday, paring earlier losses fueled by geopolitical concerns, as institutional and individual buyers scooped up large-cap shares, analysts said. The Korean won rose...
PM Lee, Wisconsin governor discuss economy, FTA

EconomySept 15, 2017

Prime Minister Lee Nak-yon met with the governor of the US state of Wisconsin on Friday and discussed trade and economic cooperation, including the free trade pact between the two countries, Lee's of...
THAAD row with China costs Korea dear: report

EconomySept 15, 2017

South Korea's tourism industry has been hit hard by a diplomatic row with China over the deployment of a US missile shield here that has sent the number of Chinese visitors tumbling, a report said Fr...
Korean economy remains calm despite NK missile provocation: finance minister

EconomySept 15, 2017

South Korea's top economic policymaker said Friday that the local financial market seems to remain calm despite the latest North Korean missile firing, but the government will take immediate action, ...
Korea boosting efforts to attract more visitors for PyeongChang Olympics

EconomySept 15, 2017

PYEONGCHANG -- South Korea is gearing up its efforts to attract more local and foreign visitors to the 2018 PyeongChang Winter Olympics, officials said Friday, with the quadrennial event just five mo...
Banks' foreign currency deposits fall in August

EconomySept 15, 2017

Foreign currency deposits at banks in South Korea fell in August from a month earlier as exporters decreased their deposits in the US dollar and Japanese yen, central bank data showed Friday. Outsta...
North Korean acts become like `Boy Who Cried Wolf' for markets

MarketsSept 15, 2017

Traders are getting less excited by North Korean provocations, judging by the diminished reactions in financial markets to the dictatorship’s weapons tests. Consider the yen. A highly liquid instrum...
Seoul shares lower in late Wednesday morning trading

MarketsSept 15, 2017

South Korean shares traded lower Friday morning amid a massive selling spree by foreigners and institutions after North Korea fired another ballistic missile earlier in the day. The benchmark Korea ...
Health care costs for insured foreigners double over 5 years

EconomySept 15, 2017

Health care costs for foreigners covered by South Korea's state health insurance have more than doubled over the past five years as more subscribe to the scheme, data showed Friday. The total medica...
Korea seeks gradual fade-out of nuclear power: energy minister

EconomySept 15, 2017

South Korea's energy minister said Friday that the country is gradually pushing forward a zero nuclear policy that will extend into the next 60 years so as to meet the rising demand for safer and cle...
Seoul stocks open lower on Pyongyang's missile launch

MarketsSept 15, 2017

South Korean stocks opened lower Friday after North Korea fired another ballistic missile earlier in the day, further escalating geopolitical tension in the Northeast Asian region, analysts said. Th...