The Korea Herald

Vice finance minister says global oil prices to see limited rise

Mar 19, 2021

It is unlikely that global oil prices will rise further, South Korea’s first vice minister of finance said Friday, citing the supply capacity of major oil producers as well as the recent surge in US ...
S. Korea, IDB agree to expand loan program for Latin America

Mar 19, 2021

South Korea said Friday it has agreed to expand a joint loan facility program with the Inter-American Development Bank (IDB) in a bid to support infrastructure development in Latin America. The fina...
Domestic demand suffers extended slumps amid pandemic: finance ministry

Mar 19, 2021

The South Korean economy is on a recovery track on robust exports and investment, but domestic demand remains sluggish amid the pandemic, the finance ministry said Friday. But the government did not...
S. Korea sees limited chance of sharp rise in oil prices

Mar 19, 2021

Oil prices are not likely to sharply rise down the road, given oil producing nations' output capacity and rising US bond yields, a senior government official said Friday. First Vice Finance Minister...
S. Korea's economy expected to grow 3.2% in 2021: AMRO

Mar 18, 2021

South Korea's economy is expected to grow 3.2 percent this year as the start of vaccinations raised hopes of a solid economic recovery from the COVID-19 pandemic, a regional macroeconomic research ag...
Panel proposes legislation to better handle spent nuke fuel

Mar 18, 2021

An independent committee proposed on Thursday that legislation is needed to better handle and manage spent nuclear fuel as the issue has been a source of controversy over safety. The body under the ...
Banks' bad loans edge down in 2020

Mar 18, 2021

Nonperforming loans at South Korean banks inched down last year, due to a slight decline in overdue corporate loans, data showed Thursday. The ratio of bad loans to total lending came to 0.64 percen...
S. Korea's money supply grows in January

Mar 18, 2021

South Korea's money supply continued to grow in January, as loans to households and firms increased amid the coronavirus pandemic, central bank data showed Thursday. The country's M2 stood at 3,233....
S. Korea to closely monitor market volatility after FOMC meeting

Mar 18, 2021

South Korea's finance ministry on Thursday said it will closely monitor market volatility, although the US Federal Reserve has hinted at no rate rise in 2023. Vice Finance Minister Kim Yong-beom sai...
Coal plants' fine dust emissions down 22% during winter on operation curb

Mar 18, 2021

South Korea's emissions of fine dust from coal power plants moved down 22 percent on-year during the winter season, data showed Thursday, as the country reduced their operations in sync with its effo...
Finance minister confident of job recovery on falling figures

Mar 17, 2021

Hong vows to root out speculative investment by public officials
Fiscal chiefs of S. Korea, US agree on continuing expansionary measures

Mar 17, 2021

Finance ministers of South Korea and the US have shared their views on efforts to continue expansionary fiscal policies in reviving virus-battered local economies and supporting underprivileged group...
Post-pandemic economic recovery depends on progress of vaccinations: BOK chief

Mar 17, 2021

South Korea's post-pandemic economic recovery depends on the successful rollout of COVID-19 vaccines, and economic growth is likely to be sluggish before herd immunity is achieved, the head of the Ba...
S. Korea to release more rice reserve to cope with supply shortages

Mar 17, 2021

South Korea said Wednesday it plans to release 100,000 tons of reserved rice next month as the long rainy season last year coupled with major typhoons reduced output of the grain. The country plans ...
S. Korea to bolster monitoring on safety of pet food

Mar 17, 2021

South Korea said Wednesday it plans to expand monitoring on the safety of pet food products as the size of the market has been growing sharply in sync with the rising number of pet owners. Under the...