The Korea Herald

BOK eyes accommodative monetary policy, more support measures in 2020

Dec 27, 2019

The Bank of Korea will maintain an accommodative monetary policy next year to help boost the country's economic growth and spur record-low inflation in Asia's fourth-largest economy, while also consi...
BOK warns of household debt rise amid heated housing market

Dec 26, 2019

South Korea’s monetary authorities on Thursday reiterated their warning against increasing household debt especially for the elderly as the heated real estate market continues to attract liquidity. ...
Number of private money lenders slightly down in H1

Dec 26, 2019

The number of private money lenders in South Korea edged down 0.2 percent in the first half of the year from six months earlier, data showed Thursday. The number of registered private money lenders ...
[News Focus] Payouts for jobless soared 81% since 2017

Dec 26, 2019

SEJONG -- Data provided by a state-funded agency showed that the volume of unemployment benefits paid to the jobless has sharply increased over the past two years. The figures, from the Korea Employ...
Population mobility falls 8% in Nov.

Dec 26, 2019

The number of South Koreans who changed residences to a different region fell in November, as tightened regulations aimed at reining in housing prices sapped the country's population mobility, data s...
Public sector's debt growth accelerates in 2018

Dec 26, 2019

South Korea's public sector debt growth accelerated in 2018, but its share of the country's gross domestic product remained flat, the finance ministry said Thursday. The country's public sector debt...
[Monitor] Rehired mid-aged workers earn less than W2m

Dec 25, 2019

Wages of reemployed older generations
Over 71% of 2020 budget to be allocated for H1

Dec 24, 2019

Legislative delay of accompanying bills raise concerns on fiscal spending momentum
From loan control to tax probes, Korea wages war on housing prices

Dec 24, 2019

Following the unexpected stringent mortgage control measures announced by the government last week, state agencies are also ramping up pressure to cool down the real estate market by conducting tax p...
[News Focus] Korea falls short of G-20 average in Q3 growth

Dec 24, 2019

SEJONG -- South Korea’s policymakers are struggling to invigorate the sluggish economy, having suffered minus 0.37 percent on-quarter growth in the first quarter this year. The nation posted 1.04 pe...
More than half of middle-aged people in S. Korea indebted: data

Dec 24, 2019

More than half of middle-aged people were indebted last year, data showed Tuesday, in the latest sign of growing household debt in South Korea. The data compiled by Statistics Korea showed that 56.1...
Service sector's sales up 5.6% in 2018

Dec 24, 2019

South Korea's service sector logged a 5.6-percent rise in sales last year from a year earlier, thanks to robust sales at convenience stores and coffee shops, data showed Tuesday. The combined sales ...
Economic conditions expected to improve early next year: vice finance minister

Dec 24, 2019

Economic conditions at home and abroad are expected to improve early next year, supported by a trade truce between the United States and China and an easing of Brexit worries, South Korea's vice fina...
S. Korea to cut tariff rates on 77 products in 2020

Dec 24, 2019

South Korea's Cabinet on Tuesday approved a plan to lower tariff rates on 77 products next year to bolster the country's industrial competitiveness and stabilize prices of domestic goods. The produc...
Brokerages' net profit down 28.5% in Q3

Dec 24, 2019

South Korean and foreign securities firms saw their combined net profit fall 28.5 percent in the third quarter from a quarter earlier due in part to declines in commission fees, data showed Tuesday. ...