The Korea Herald

Korea's inflation to rise 1% in 2020: BOK

Dec 18, 2019

South Korea's consumer prices are projected to rise 1 percent next year before further recovering to a 1.3-percent on-year increase the following year, the Bank of Korea said Wednesday. The central ...
Korea faces no immediate danger of deflation: BOK chief

Dec 18, 2019

South Korea is not facing any immediate danger of deflation, with the country's inflation rate expected to accelerate from next year, albeit at a mild pace, the head of the central bank has said. "I...
[Monitor] Home transactions rise over W900m

Dec 17, 2019

The ratio of home transactions worth over 900 million won ($7,700) in South Korea topped 4.4 percent in 2019. It is the first time the proportion has crossed the 4 percent mark, and is the highest le...
Analysts, public say surge in housing prices likely despite new policy measures

Dec 17, 2019

Housing prices are widely expected to soar despite the stringent regulations enforced by the South Korean government, according to market analysts Tuesday. The government in a surprise move recently...
S. Korea will up efforts for financial innovation in 2020: FSC chief

Dec 17, 2019

‘Latest real estate regulations are necessary for market stability in long term’
Household income grows in 2018, wealth gap narrows

Dec 17, 2019

South Korea's household income rose in 2018 from a year earlier, and the income gap between the haves and have-nots narrowed, as employment situations of the low-income bracket improved amid efforts ...
Korean firms suffer further setback in Q3 sales, profit

Dec 17, 2019

South Korean companies continued to suffer heavy setbacks in their sales and profits in the third quarter, central bank data showed Tuesday, apparently due to a sharp decline in exports and slowing d...
Korea's trade volume exceeds $1tr mark for 3rd year

Dec 16, 2019

South Korea's annual trade volume exceeded the $1 trillion mark for a third consecutive year on Monday despite growing protectionism around the globe, the trade ministry said. Accordingly, South Kor...
Rigid mortgage loan regulations roil real estate market

Dec 16, 2019

Finance minister says home owners should be blocked from ‘unearned income whatsoever’
New forests minister pledges innovative policies

Dec 16, 2019

Park Chong-ho, the new minister for the state-run Korea Forest Service, vowed to drive “innovative and people-centered” forest policies in his inauguration last week, the organization said Monday. D...
[Monitor] Less men employed

Dec 16, 2019

Although the overall jobs market is showing signs of improvement, the number of men in their 30s, 40s and 50s who have jobs has been on a constant decline, data from Statistics Korea showed. The empl...
Single-member households to become most common type in 2047

Dec 16, 2019

One-person families will likely become the most common household type in all South Korean cities and provinces in the next 30 years amid the country's low birthrate and rapidly aging population, data...
[News Focus] Self-employed in S. Korea face strong headwinds

Dec 16, 2019

SEJONG -- The sluggish domestic economy and a spike in statutory minimum wage in South Korea in recent years have dealt a severe blow to the self-employed. Most have been forced to close shop or hav...
S. Korea sets aside more budget funds to fight animal diseases

Dec 16, 2019

South Korea set aside more state budget funds for next year to fight animal diseases, the agricultural ministry said Monday, after the deadly African swine fever hit local pig farms in northern areas...
[Monitor] One-person households in Korea suffer from low income

Dec 15, 2019

About 36 percent of one-person households earn less than 2 million won per month, data from Statistics Korea showed last week. One-person households, which take up one-third of all households in Sou...