The Korea Herald

Banks' loan delinquency rate inches up in October

Dec 14, 2020

The delinquency rate for South Korean banks' won-denominated loans edged up in October from the previous month, but remained stable, the financial regulator said Monday. The rate for bank loans more...
Auto exports dip 10% in Nov. amid virus jitters

Dec 14, 2020

South Korea's auto exports dropped 10.2 percent on-year in November, falling at a faster pace compared with the previous month, amid the global resurgence of new coronavirus cases. Local carmakers s...
Kia workers continue strike for higher pay amid pandemic

Dec 14, 2020

Unionized workers at Kia Motors Corp. will extend their partial strike this week to demand higher wages and bonuses amid the COVID-19 pandemic, the union said Monday. Daytime and night-duty workers ...
Woori Financial vows to go carbon neutral by 2050

Dec 13, 2020

Woori Financial Group vowed Friday to go carbon neutral by 2050 in line with South Korea’s vision of becoming a net zero carbon society, the group said Sunday. The first steps towards the goal would...
S. Korea's exports spike 27% in first 10 days of Dec.

Dec 11, 2020

South Korea's exports rose 26.9 percent on-year in the first 10 days of December on the back of robust shipments of chips and autos amid the new coronavirus outbreak, customs data showed Friday. The...
GM Korea union OKs 2nd tentative wage deal

Dec 11, 2020

GM Korea Co. and its union have reached a second tentative wage deal after union members rejected the first deal early this month, the company said Friday. In a vote held from Nov. 30 to Dec. 1, GM ...
$Hyundai Heavy picked as preferred bidder for Doosan Infracore$

Hyundai Heavy picked as preferred bidder for Doosan Infracore

Dec 10, 2020

South Korea's power plant builder Doosan Heavy Industries & Construction said Thursday that it has tapped a consortium led by Hyundai Heavy Industries Holdings (HHIH) as the preferred bidder for the ...
Winter virus wave likely to derail consumption recovery: BOK

Dec 10, 2020

The Bank of Korea (BOK) warned Thursday that a winter wave of coronavirus outbreaks is likely to hurt the fragile recovery of private consumption. The BOK also took a cautious tone on progress in th...
S. Korea to send chartered flights to Singapore with strawberry shipments

Dec 10, 2020

South Korea's agricultural ministry said Thursday it will send chartered flights to Singapore to support exports of strawberries, as local farmers have been facing troubles in shipping their produce ...
[Monitor] South Korea’s tax revenue up W6.8tr won in October

Dec 10, 2020

South Korea’s tax revenue grew 6.8 trillion won ($6.3 billion) in October due largely to a rise in income tax revenue, data showed Wednesday. The country collected 39.1 trillion won in taxes in Octo...
ADB expects S. Korean economy to retreat less than expected in 2020

Dec 10, 2020

The Asian Development Bank (ADB) on Thursday revised up the economic outlook for the South Korean economy this year, citing robust exports of tech products and a mild recovery in private consumption....
US panel again delays ruling on trade secret case involving 2 Korean EV battery makers

Dec 10, 2020

A US trade panel on Wednesday again postponed a much-awaited ruling on a trade secret dispute involving South Korean battery makers LG Energy Solution Ltd. and SK Innovation Co. to Feb. 10. The US I...
Instant noodle exports soar more than 30% this year amid virus

Dec 10, 2020

South Korean exports of instant noodles jumped more than 30 percent in the first 10 months of the year amid the coronavirus pandemic, a report said Thursday. Overseas shipments of instant noodles, o...
S. Korea, World Bank strive for sustainable growth

Dec 9, 2020

2nd annual Global Innovative Growth Forum kicks off virtually
Banks' household loan growth accelerates in November on home-backed lending

Dec 9, 2020

South Korean banks' household loans continued to grow at a faster clip in November, fueled by the strong growth of non-mortgage loans, central bank data showed Wednesday. The value of outstanding ba...