The Korea Herald

Korea expands outreach to ASEAN

Nov 22, 2017

The Moon Jae-in administration has vowed to go all out to expand economic cooperation and personnel exchanges between South Korea and Southeast Asian nations in the coming years. President Moon used...
Korea’s export growth rate likely lower than global trade rise

Nov 22, 2017

Despite Korea experiencing a boom in exports in the semiconductor industry, overall export growth for Korean goods is expected to fall short of the overall growth rate of worldwide trade due to worse...
Korea's childbirths slump in Sept.

Nov 22, 2017

South Korea again saw a steep slide in the number of newborn babies in September as the country is expected to experience record low childbirths in 2017, government data showed Wednesday. About 30,1...
Jobless rate rising for people with doctorates

Nov 22, 2017

One out of five people holding doctoral degrees are jobless in South Korea, the highest rate since recordkeeping began in 2014, official data showed Wednesday. Some 22.9 percent of people who earned...
Minister vows no concession on farm sector ahead of KORUS FTA revision

Nov 21, 2017

Ahead of the free trade deal revision talks with the United States, Korea’s trade minister vowed on Tuesday not to take a step back in the looming farm sector renegotiation deal. “(The government) i...
Youth employment hits record low, senior jobs soar

Nov 21, 2017

South Korea continues to struggle with its high youth unemployment rate, with the number of employed Korean youths hitting a record low last month and the number of senior citizens in Korea continuin...
Job offerings in Korea increase in 2016

Nov 21, 2017

The number of jobs offered by local businesses in South Korea edged up last year from a year earlier amid a protracted economic slump, government data showed Tuesday. There were a total of 23.23 mil...
Low growth, high household debt threatening Korean economy: experts

Nov 21, 2017

An extended period of slow growth and steady increase in household debt could spark an economic crisis in South Korea, which suffered a financial crisis two decades ago, economists said Tuesday. Sev...
Youth employment hits nadir in Oct.

Nov 21, 2017

South Korea's youth employment hit a record low in October due to demographic changes and their difficulty finding jobs, government data showed Tuesday. The number of employed South Koreans aged 15-...
Data shows tax write-offs for education costs not providing intended benefits

Nov 21, 2017

Tax write-offs for education costs intended to help low-income families are helping the rich more, data showed Tuesday. An analysis provided by the National Assembly's finance committee said tax exe...
Tax agency's reform TF reveals 5 abuse of power cases

Nov 20, 2017

The state tax agency has been allegedly involved in a number of abuse of power cases for political purposes in the previous conservative governments, a panel said Monday. A task force assigned to ca...
Korea sees labor market polarization deepen

Nov 20, 2017

Employment figures recently released were certainly disappointing for the Moon Jae-in administration, which has vowed to put top priority on creating more jobs as part of its income-led growth strate...
Backed by FTA, US beef claims half of import market

Nov 20, 2017

For the first time in 14 years, imports of US beef accounts for more than half of South Korea’s imported beef market on the back of the two countries’ free trade agreement, according to data from the...
Household debt, geopolitical risks pose threats to Korean financial system: poll

Nov 20, 2017

South Korea's growing household debt and geopolitical risks are two major systemic risks facing the country's financial system, a survey showed Monday. Household debt topped the list of key systemic...
US beef claims over 50% of Korea's imported beef market

Nov 20, 2017

US beef has gained a bigger presence in South Korea's imported beef market this year helped by a bilateral free trade pact, achieving a share of over 50 percent, a trade agency said Monday. In the J...