The Korea Herald

Korean economy to grow 2.7% in 2017: ADB

EconomyJul 20, 2017

South Korea's economy is expected to grow 2.7 percent in 2017 from a year earlier, the Asian Development Bank said Thursday, revising up its previous outlook of 2.5 percent. The bank cited abated po...
Moon reiterates paradigm shift to address low growth, economic polarization

EconomyJul 20, 2017

President Moon Jae-in on Thursday reiterated his call for an economic paradigm shift to address weak growth and polarization, stressing a more active government role in tackling the country's economi...
[News Focus] How will class action suits be introduced in Korea next year?

EconomyJul 20, 2017

After some two decades of disputes, class action suits for basic consumers may be introduced next year, according to the top 100 policy plans announced by the Moon Jae-in administration on Wednesday....
[Monitor] Moon’s five-year plan needs W178tr

EconomyJul 20, 2017

Based on President Moon Jae-in’s five year administration plan, a total of 178 trillion won ($158 billion) is needed to support his major policies and tasks, according the State Affairs Planning Advi...
Korea to launch new ministry dedicated to SMEs

EconomyJul 20, 2017

South Korea will set up a new ministry in charge of small and medium-sized businesses that will be dedicated to supporting smaller companies and creating more jobs, the government said Thursday. Aft...
Agriculture minister says no to FTA changes on rice imports

EconomyJul 20, 2017

South Korean Minister of Agriculture, Food and Rural Affairs Kim Yung-rok said Thursday he would not concede to any demand for an increase in rice imports from the US when talks begin regarding modif...
Korea creates post of trade minister ahead of talks with US

EconomyJul 20, 2017

South Korea on Thursday created the post of trade minister in a move to strengthen its negotiating capacity ahead of crucial talks with the United States on revising the bilateral free trade deal. T...
[News Focus] US’ currency manipulation ban looks to press KORUS FTA amendments

EconomyJul 20, 2017

The US government this week released a 17-page summary of its proposal to renegotiate the North American Free Trade Agreement that included a ban on currency manipulation, which is also expected to i...
[Photo News] In honor of Shin Yong-ho

MarketsJul 20, 2017
Under new leadership, FSC to tackle mounting household debt

MarketsJul 20, 2017

In his inauguration speech Wednesday, new Financial Service Committee Chairman Choi Jong-ku addressed skyrocketing household debt, indicating he may push to adopt the debt-service ratio in household ...
SC Bank Korea offers checking account with 1.5% rates

MarketsJul 20, 2017

Monetary easing in South Korea has lasted for over a year, with the country’s central bank keeping a record low rate of 1.25 percent for 13 months as of July. Amid uncertainties surrounding the rate...
Seoul stocks hit new record on solid earnings hopes

MarketsJul 20, 2017

South Korean stocks ended up at a fresh record high Thursday amid expectations of solid corporate earnings results. The won fell against the US dollar. The benchmark Korea Composite Stock Price Inde...
Convenience stores see profit sliding as market gets more crowded

EconomyJul 20, 2017

Per-store operating profit at convenience stores in South Korea fell in 2015 as the market became more crowded, government data showed Thursday. An average per-store operating profit at franchised c...
Korea to shift economic paradigm over low growth, polarization

EconomyJul 20, 2017

South Korea's finance chief said Thursday that he will try to shift the country's economic paradigm to try to address chronic low growth and the deepening social divide. The country's central bank h...
Seoul shares turn lower Wednesday morning on foreign selling

MarketsJul 20, 2017

South Korean stocks turned lower Thursday morning as foreigners and institutions offloaded their holdings. The won traded down against the dollar. The benchmark Korea Composite Stock Price Index tha...