The Korea Herald

Insurance fraud claims rise 9.5% in H1

Dec 22, 2020

Fraudulent insurance claims rose 9.5 percent in terms of payments in the first half of this year, partly due to a rise in minor fraud by jobless people as the COVID-19 pandemic ravaged the economy, t...
S. Korea's tech trade at record high last year: data

Dec 22, 2020

South Korea's technology trade reached an all-time high of $31.6 billion last year, up 10.1 percent from 2018, government data showed Tuesday. Technology trade refers to the country's international ...
Exports of key products forecast to grow 12% in 2021: biz body

Dec 22, 2020

Exports of South Korea's key industries are expected to grow nearly 12 percent in 2021 thanks to economic rebounds in major economies, a business body said Tuesday. The Korea Industry Alliance Forum...
Kia union OKs tentative 2020 wage deal amid pandemic

Dec 22, 2020

Kia Motors Corp.'s union has agreed on a tentative wage deal for the year as the coronavirus pandemic continues, the company said Tuesday. Kia's 30,000-strong union tentatively accepted the company'...
Insurers' lending rises 2% in Q3

Dec 22, 2020

Loans extended by South Korean insurance companies rose 2 percent in the third quarter from a quarter earlier, the financial regulator said Tuesday. Insurers' outstanding loans totaled 245.8 trillio...
COVID-19 likely to widen economic polarization: BOK

Dec 21, 2020

Central bank predicts jobless recovery in post-COVID era
Korea pins hope on exports in post-COVID-19 era

Dec 21, 2020

Exports could be a breakthrough for the South Korean economy in the post-coronavirus era, a state-run trade agency said Monday. Despite numerous uncertainties that are expected to linger in 2021, th...
Instant noodle exports soar 28% this year amid pandemic

Dec 21, 2020

South Korean exports of instant noodles jumped more than 28 percent in the first 11 months of the year amid the coronavirus pandemic, data showed Monday. Overseas shipments of instant noodles, or "r...
S. Korea mulls including rental assistance for virus-hit merchants in emergency handouts

Dec 20, 2020

South Korea is considering providing rental assistance to smaller merchants hard hit by the new coronavirus outbreak, when it will give them another round of emergency handouts next month, people fam...
KDB to discuss loan rollover for SsangYong this week

Dec 20, 2020

The state-run Korea Development Bank (KDB), the main creditor of SsangYong Motor Corp., is set to decide on whether to roll over maturing loans extended to the financially troubled automaker this wee...
Finance Ministry warns of growing economic uncertainty

Dec 18, 2020

With a new wave of coronavirus infections gripping the nation, South Korea’s economy this month faces growing uncertainties, the Ministry of Economy and Finance said Friday. In its monthly economic ...
S. Korea's exports dip at fastest pace in 2019 on weak chip demand

Dec 18, 2020

SEJONG -- South Korea's exports dropped at the fastest clip in 2019 due to sluggish overseas demand for semiconductors, government data showed Friday. The country's overseas shipments stood at $541....
S. Korea, France vow to support multilateralism to overcome pandemic fallout

Dec 18, 2020

South Korea and France on Friday agreed to continue to support multilateralism over protectionism to overcome the economic fallout from the virus pandemic, and to expand cooperation in various areas ...
S. Korea inks free trade pact with Indonesia

Dec 18, 2020

South Korea formally inked a comprehensive trade deal with Indonesia on Friday, paving the way for local exporters to penetrate deeper into the Southeast Asian market. Industry Minister Sung Yun-mo ...
S. Korea's Q3 overseas direct investment dips 24% on pandemic

Dec 18, 2020

SEJONG -- South Korea's overseas direct investment tumbled 24 percent in the third quarter of the year as the coronavirus pandemic dented global investment flows, government data showed Friday. The ...