The Korea Herald

Korean economy maintaining recovery momentum amid pandemic: finance minister

EconomyNov 17, 2020

The South Korean economy is maintaining its recovery momentum amid the fallout of the new coronavirus outbreak, the country's chief economic policymaker said Tuesday. During a conference call with g...
Banking circles grapple over new chief selection

MarketsNov 17, 2020

South Korea’s banking industry on Tuesday sorted out seven candidates for the Korea Federation of Banks’ next chairmanship, set to make the final choice as early as Monday. In an apparent response t...
KFCC boosts global ties amid COVID-19 pandemic

MoneyNov 17, 2020

The Korean Federation of Community Credit Cooperatives, the nation’s leading financial cooperative, has been strengthening global cooperation with its foreign counterparts in the midst of the COVID-1...
KCGI criticizes Hanjin KAL chief over merger plan

MarketsNov 17, 2020

South Korean activist private equity fund KCGI on Tuesday lashed out at Korean Air's plan of acquiring its rival Asiana Airlines with the policy lender’s help, claiming that the scheme is being pursu...
Late Samsung chairman’s stock value exceeds W20tr on November gains

MarketsNov 17, 2020

Rising stock prices means more inheritance tax, experts say
[News Focus] Korea 6th highest in household debt in OECD

EconomyNov 17, 2020

Ranking up 2 notches in 2019 amid credit loan fever
Seoul stocks down as investors lock in gains

MarketsNov 17, 2020

South Korean shares snapped their two-day gains Tuesday after hitting a nearly three-year high the previous session, as valuation pressure offset optimism over Moderna's experimental COVID-19 vaccine...
Pelicana-backed PEF to close W20b deal to acquire Mr. Pizza

MoneyNov 17, 2020

South Korea’s private equity fund backed by fried chicken franchise Pelicana Chicken is on the verge of closing a 20 billion won ($18.1 million) acquisition deal to become the biggest shareholder of ...
Fitch holds negative outlook on Hyundai Motor amid pandemic

EconomyNov 17, 2020

Fitch Ratings said Tuesday that it holds a negative outlook on two South Korean carmakers -- Hyundai Motor Co. and its affiliate Kia Motors Corp. -- due to uncertainties over the COVID-19 pandemic an...
Half of people in S. Korea's rural areas aged 65 and older in 2019

EconomyNov 17, 2020

Nearly half of the population in South Korea's farming areas was aged 65 and older last year as younger people flocked to cities for education and jobs, data showed Tuesday. The portion of those age...
S. Korea, Cambodia to hold 4th round of FTA talks

EconomyNov 17, 2020

South Korea will hold the fourth round of free trade talks with Cambodia this week as part of efforts to diversify its export portfolio in Southeast Asia, the trade ministry said Tuesday. The three-...
Service output in major cities, provinces dips in Q3 on virus fallout

EconomyNov 17, 2020

Combined service output in major cities and provinces declined 1.7 percent on-year in the third quarter as the new coronavirus outbreak hit the service sector involving face-to-face contact, data sho...
No. of multiple home owners grows by more than 90,000 over past year

EconomyNov 17, 2020

The number of multiple home owners in South Korea grew by more than 90,000 over the past year, data showed Tuesday, amid the government's efforts to curb rising home prices. The number of multiple h...
Seoul stocks open flat on valuation pressure

MarketsNov 17, 2020

South Korean shares opened flat Tuesday after hitting a nearly three-year high the previous session, as valuation pressure offset optimism over Moderna's experimental COVID-19 vaccine. The benchmark...
Late Samsung chief's stock value tops W20tr

MarketsNov 17, 2020

The stock value of Lee Kun-hee, the late chief of South Korea's top conglomerate Samsung Group, has surpassed the 20 trillion won mark for the first time thanks largely to a surge in shares of tech g...