The Korea Herald

S. Korea considering imposing 20% tax on cryptocurrencies

Jan 20, 2020

South Korea's finance ministry has been considering imposing a 20 percent tax on income from cryptocurrency transactions, officials said Monday. The Ministry of Economy and Finance has recently orde...
Korean economy grows 1.89% in 2019, shy of estimate: poll

Jan 20, 2020

The South Korean economy is expected to have fallen far short of its growth target last year, marking the slowest growth in a decade, a poll showed Monday. In a survey conducted by Yonhap Infomax, t...
S. Korea to focus on promoting economic cooperation with Russia, Mongolia

Jan 20, 2020

South Korea will focus on promoting economic cooperation this year with Russia, Mongolia and other countries located north of the Korean Peninsula in line with the diplomatic initiative of its New No...
S. Korea breaks six-year winning streak on Bloomberg Innovation Index

Jan 19, 2020

South Korea ranked No. 2 on the Bloomberg Innovation Index this year, putting an abrupt halt to its six-year winning streak, government data showed Sunday. According to the Ministry of Economy and F...
BOK freezes policy rate at 1.25% amid hope of economic recovery

Jan 17, 2020

South Korea’s central bank maintained the country’s base interest rate at 1.25 percent, prolonging its wait-and-see approach amid mounting expectations of an economic recovery this year. The Bank of...
Weak exports, construction investment continue to weigh on economy: report

Jan 17, 2020

Sluggish exports and weaker construction investment continued to weigh on South Korea's economy, despite a solid gain in service output and consumption, a government report showed on Friday. In its ...
BOK stands pat, previous cuts and improving conditions in focus

Jan 17, 2020

As widely expected, South Korea's central bank on Friday left its policy rate frozen, citing slight improvements in the economic and trade conditions facing Asia's fourth-largest economy and the need...
S. Korea all set for annual ADB meeting slated for May in Songdo

Jan 16, 2020

South Korea’s government will be initiating the registration process for the annual meeting of the Asia Development Bank, to be held here in May this year, the Ministry of Economy and Finance said Th...
NTS publishes year-end tax settlement manuals for foreigners

Jan 16, 2020

South Korea’s tax agency said Thursday that it has published its year-end tax settlement manuals for foreigners in English, Chinese and Vietnamese. The publication of tax manuals in foreign language...
[News Focus] South Korea’s farm population halves in 20 years

Jan 16, 2020

SEJONG -- Fifty years ago, the number of South Koreans engaged in agriculture accounted for more than 40 percent of the total population. But the farming population (defined by the government as peo...
S. Korea’s employment indexes hit record high, contradict job market reality

Jan 15, 2020

Ministry calls for revamping the statistical system to reflect demographic changes
Korea's exports may get boost from slight oil price uptick amid US-Iran tensions

Jan 15, 2020

A moderate increase in global oil prices sparked by US-Iran tensions is likely to help boost South Korea's exports, a trade association said Wednesday. A 10 percent hike in global oil prices will le...
Korea's export prices slightly rise in Dec.

Jan 15, 2020

South Korea's export prices slightly increased from a month earlier in December, ending a three-month drop, central bank data showed Wednesday. The export price index, in terms of Korean won, came t...
Job additions hit over 5-year high in Dec., jobless rate steady at 3.4%

Jan 15, 2020

South Korea's jobless rate remained flat at 3.4 percent in December, but Asia's fourth-largest economy reported a stronger-than-expected job growth last month with job additions coming to 516,000, da...
S. Korea to draw up private sector infrastructure projects worth W17tr

Jan 14, 2020

South Korea will draw up private sector infrastructure projects worth 17 trillion won ($14.7 billion) this year in a bid to spur an economic recovery through investments, the finance ministry said Tu...