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Income gap narrows to fresh record low in 2019Dec 17, 2020The income gap between the haves and have-nots in South Korean narrowed to a fresh record low in 2019, as the bottom 20 percent income bracket saw their income rise due to state welfare support, data... -
S. Korea's 2020 domestic steel demand forecast to hit 11-year lowDec 17, 2020South Korea's domestic demand for steel is forecast to hit the lowest level in 11 years in 2020 due to the fallout from the coronavirus outbreak, a trade body said Thursday. The Korea Iron & Steel A... -
S. Korea, US extend $60b currency swap deal by another 6 months amid pandemicDec 17, 2020WASHINGTON/SEOUL -- South Korea and the United States have agreed to extend a $60 billion bilateral currency swap agreement by another six months in an effort to help ease market uncertainties amid a... -
Hyundai Samho to spin off industrial equipment divisionDec 16, 2020Hyundai Samho Heavy Industries Co., a midsized shipbuilder here, will turn its industrial equipment division into a wholly owned subsidiary to boost the division's competitiveness, its parent Korea S... -
S. Korean companies bet big on hydrogen for zero-emission goalDec 16, 2020Major South Korean companies in carbon intensive industries are jacking up investment in hydrogen across sectors to cut their greenhouse emissions and capture new business opportunities in the emergi... -
7 in 10 Koreans plan to travel abroad after COVID-19 vaccine development: pollDec 16, 2020Seven out of 10 South Koreans plan to travel abroad after coronavirus vaccines are developed, a survey showed Wednesday. According to Incheon International Airport Corp.'s recent survey, 70.2 percen... -
S. Korea's export prices down for 4th straight month in NovemberDec 16, 2020South Korea's export prices fell for the fourth consecutive month in November as the local currency continued to strengthen against the US dollar, central bank data showed Wednesday. The country's e... -
![[News Focus] Korea’s tax revenue increases fastest in OECD](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/12/15/20201215000002_0.jpg)
[News Focus] Korea’s tax revenue increases fastest in OECDDec 15, 2020Luxembourg ranked second among the 35 members with 1.61 percentage points, followed by Poland with 1.26 percentage points, Norway with 1.15 percentage points and Germany with 1.02 percentage points. ... -
S. Korea’s money supply grows at fast rate in Oct.Dec 15, 2020South Korea’s money supply saw further growth in October, as businesses and households continued its rush to secure funds amid the COVID-19 pandemic, central bank data showed Tuesday. The country’s ... -
1 in 5 married couples childless after 5 years: dataDec 15, 2020One out of every 5 couples in South Korea who got married in 2015 had no children last year, government data showed Tuesday. According to Statistics Korea, about 18 percent of the 216,008 couples wh... -
Corporate earnings dip by most in 11 years in 2019Dec 15, 2020South Korean companies' earnings declined by the most in 11 years in 2019, as the manufacturing sector remained sluggish amid the global economic slowdown, data showed Tuesday. Their combined before... -
![[Newsmaker] Tourists to S. Korea forecast to drop to 32-year low this year](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/12/15/20201215000300_0.jpg)
[Newsmaker] Tourists to S. Korea forecast to drop to 32-year low this yearDec 15, 2020The number of overseas tourists visiting South Korea is expected to slump to the lowest level in 32 years amid the new coronavirus pandemic that has practically paralyzed the global tourism sector, d... -
S. Korea to enjoy full tariff-free exports to New Zealand starting in 2021Dec 15, 2020South Korea said Tuesday its outbound shipments to New Zealand will be completely tariff-free starting in 2021, a move that could help local exporters penetrate deeper into the Oceania nation. The t... -
Sales of S. Korean firms edge up in 2019, but operating profits tumbleDec 14, 2020South Korean companies saw their combined sales inch up in 2019 but their operating profits tumble amid a trade spat between the United States and China, as well as weak demand for semiconductors, go... -
S. Korea vows more emergency steps over winter wave of virus infectionsDec 14, 2020South Korea's top financial regulator said Monday that his agency will take more emergency steps, if necessary, as health authorities struggle to contain a winter wave of coronavirus infections. Fin...
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