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Korea's sovereign fund earns $4b last yearEconomyMay 12, 2017Korea Investment Corp., South Korea's sovereign wealth fund, said Friday it posted $4 billion in investment gains last year. The sovereign fund -- which handles $110.8 billion in assets under manage... -
Seoul stocks down 0.45% on profit-takingMarketsMay 12, 2017South Korean stocks ended slightly lower Friday on increased selling by foreigners and institutions. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index shed ... -
BOK names expert on foreign reserves as head of reserve management groupMarketsMay 12, 2017South Korea's central bank said Friday it has named an expert on foreign reserves as the new head of its Reserve Management Group. Suh Bong-gook, director general at the International Department of ... -
![[Herald Interview] ‘Uncertainty Korea’s biggest economic challenge’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/05/12/20170512000706_0.jpg)
[Herald Interview] ‘Uncertainty Korea’s biggest economic challenge’EconomyMay 12, 2017Export-reliant Korea’s overall economic growth in past years has been clouded by a prolonged weakness in global trade, a report by the United Nations Economic and Social Survey of Asia and the Pacifi... -
![[Moon in Office] Sharp rise in housing prices unlikely: experts](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/05/12/20170512000730_0.jpg)
[Moon in Office] Sharp rise in housing prices unlikely: expertsEconomyMay 12, 2017The Korea Herald is publishing a series of articles delving into the economic policies and tasks expected of the new Moon Jae-in administration. This is the third installment -- Ed. South Korea’s ho... -
President vows to remove all non-regular jobs in public sectorEconomyMay 12, 2017President Moon Jae-in on Friday reaffirmed his pledge to create hundreds of thousands of quality jobs in the public sector, vowing to turn all non-regular job openings in the public sector to regular... -
NPS earns W13tr from local equity investment this yearMarketsMay 12, 2017Earnings made by the National Pension Service through its investments in local stocks have amounted to 13 trillion won ($11.5 billion) this year, with the main bourse Kospi recently hitting highs abo... -
Korean shares down 0.36% in late morning tradeMarketsMay 12, 2017South Korean stocks extended losses late Friday morning as foreign investors offloaded large-cap stocks. The benchmark Korea Composite Stock Price Index lost 8.25 points, or 0.36 percent, to 2,288.1... -
China invites Korea to economic development forumEconomyMay 12, 2017China has invited South Korea to join a forum on Beijing's regional economic development plan in what appears to be a move to mend the bilateral relationship following the inauguration of new Preside... -
Govt. to set aside supplementary budget for job creationEconomyMay 12, 2017The finance ministry said Friday that it will set aside a supplementary budget to help create jobs, a key campaign pledge of Presidential Moon Jae-in. "We will create jobs through aggressive macroec... -
Korean shares open lower on Wall Street lossesMarketsMay 12, 2017South Korean stocks opened lower Friday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index lost 5.48 points, or 0.24 percent, to 2,290.89 in the first 15 minu... -
36 conglomerates to face debt assessmentMarketsMay 11, 2017The Financial Supervisory Service announced Thursday that 36 conglomerates will be put under a capital structure assessment by their respective commercial lenders in a pre-emptive move to relieve the... -
Kospi bounces back to all-time high, momentum revivesMarketsMay 11, 2017South Korea’s stock indices set new all-time highs after bouncing back Thursday from Wednesday’s loss in the afternoon trade on robust institutional buying, raising expectations a return of momentum ... -
![[Monitor] Korea’s tourism deficit hits 10-year high](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/05/11/20170511000861_0.jpg)
[Monitor] Korea’s tourism deficit hits 10-year highEconomyMay 11, 2017South Korea’s tourism industry recorded a deficit of $3.74 billion as of the end of March, marking a nearly decadelong record high, due largely to drop in Chinese visitors following the ban of Korea-... -
Unemployment hits 17-year highEconomyMay 11, 2017Both employment and unemployment rates climbed last month
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