The Korea Herald

BOK may hold off further rate cut amid easing US-China tension

Dec 15, 2019

Following signs of a thaw in US-China trade tension, speculation is building that South Korea may slow its pace of monetary easing, in step with the growing possibility of a global economic upturn. ...
Single-member families account for nearly 30 pct of S. Korean households

Dec 14, 2019

The number of one-person families continued to rise last year, accounting for nearly 30 percent of all households in South Korea, amid the fast-spreading trend of people remaining single, government ...
Korea's export prices dip for 3rd month in Nov.

Dec 13, 2019

South Korea's export prices fell from a month earlier for a third consecutive month in November, partly due to the strengthening of the local currency against the US dollar, central bank data showed ...
Finance ministry to make preparations for early spending of 2020 budget

Dec 12, 2019

The Ministry of Economy and Finance will make preparations to swiftly spend next year's budget to prop up a slowing economy and support the welfare sector, a senior official said Thursday. Vice Fina...
More than 40% of newlyweds had no children in 2018

Dec 12, 2019

More than 40 percent of newlywed couples had no children last year, reflecting the country's chronically low birthrate and late marriage trend, data showed Thursday. According to the data compiled b...
BOK sees uncertainties easing

Dec 12, 2019

South Korea is still faced with continuing uncertainties, but the levels may have somewhat eased, a senior official at the Bank of Korea said Thursday. "As the US Federal Reserve chairman said in a ...
S. Korea’s employment rate hits all-time high in Nov.

Dec 11, 2019

Most key job indexes improve while retail, manufacturing sectors still struggle
Korea's exports up 7.7% in first 10 days of December

Dec 11, 2019

South Korea's exports rose 7.7 percent in the first 10 days of December, thanks to rising demand for wireless equipment and passenger cars, customs data showed Wednesday. The country's exports stood...
Jobless rate falls to 3.1% in November, 331,000 jobs created

Dec 11, 2019

South Korea's jobless rate fell to 3.1 percent in November, and job additions came to over 330,000, data showed Wednesday. The unemployment rate decreased 0.1 percentage point on-year, and the numbe...
[News Focus] Korea 7th-highest in temporary-job portion among 42 countries

Dec 10, 2019

SEJONG -- In South Korea, the government does not include people with nonregular jobs -- like temporary or contract employees -- when it counts the official number of jobless. As a result, the nation...
Average apartment price soars 40% under Moon administration

Dec 10, 2019

Government’s intensive price-curbing measures have limited effect
Finance minister urges lawmakers to pass 2020 budget bill

Dec 10, 2019

Finance Minister Hong Nam-ki called for lawmakers to approve next year's budget bill on Tuesday, when the parliamentary session ends. South Korea is seeking a total of 513.5 trillion won ($430.2 bil...
S. Korea most affected by US-China trade spat: report

Dec 10, 2019

South Korea may have been hit the hardest among major economies by the protracted trade dispute between the United States and China due to its high dependence on exports to the countries, a report sa...
S. Korea’s workforce to see steepest decline among key economies: WTO

Dec 9, 2019

South Korea’s working-age population is expected to shrink the fastest among key economies over the next two decades, a report released by the World Trade Organization said Monday, with risks tied to...
[Monitor] Half of Korean firms plan to downsize in 2020

Dec 9, 2019

The majority of South Korean firms foresee the current economy entering a long-term slump with half of them planning to downsize next year, a survey by the Korea Enterprises Federation led by Chairma...