The Korea Herald

Q1 GDP growth revised up to 1.1 percent

Jun 2, 2017

South Korea’s gross domestic product grew faster than expected in the first three months of this year, mainly due to stronger construction and exports, the Bank of Korea said Friday. Asia’s fourth-l...
Half of top 30 groups trim workforces in 2016

Jun 2, 2017

Nearly half of South Korea's top 30 family-controlled conglomerates slashed their workforces in 2016 from a year earlier, data showed Friday, amid unfavorable market conditions at home and abroad. T...
[Monitor] Consumer prices continue to surge

Jun 1, 2017

Last month‘s consumer prices surged by 2 percent compared to the same month in the previous year, with livestock products showing the biggest increase at 11.6 percent, data by Statistics Korea showed...
US report predicts continued uncertainties in Korea

Jun 1, 2017

As political and economic woes continue to unfold regarding the deployment of an anti-missile system here and US President Donald Trump’s pending renegotiation of the Korea-US free trade agreement, t...
UN ESCAP, Statistics Korea promote sustainable development using big data

Jun 1, 2017

In an effort to explore methods to utilize big data to achieve sustainable development, the United Nations Economic and Social Commission for Asia and the Pacific and Statistics Korea have organized ...
Korea’s global competitiveness sapped by political scandal, fine dust

Jun 1, 2017

South Korea’s global competitiveness ranking remained low at 29 among 63 countries in 2017, hit by a political scandal that rocked the nation last year, weak exports and fine dust, a report by an int...
US may raise interest rate four times this year: Fed official

Jun 1, 2017

The US Federal Reserve could raise its interest rate four times this year if the economy strengthens, a senior Fed official said Thursday. John C. Williams, President and CEO of the Federal Reserve ...
Korea seeks to woo more foreign capital: regulator

Jun 1, 2017

South Korea aims to attract more foreign capital as part of its efforts to promote globalization of its financial industry, the top financial watchdog said Thursday. Zhin Woong-seob, governor of the...
Fewer than 4 in 10 temps benefit from state pension

Jun 1, 2017

Fewer than 4 in 10 irregular workers in South Korea benefit from the country's state pension program, a much lower percentage than full-time employees, a report said Thursday. Slightly over 36 perce...
Possible US rate hike tipped to impact Korean bourse little

Jun 1, 2017

A potential US interest rate hike in June is likely to have an insignificant impact on the South Korean stock market as it is widely expected, analysts said Thursday. The Federal Reserve is slated t...
BOK chief calls for measures for population aging

Jun 1, 2017

The head of South Korea's central bank called Thursday for measures to cope with population aging that could undermine growth in Asia's fourth-largest economy. Bank of Korea Gov. Lee Ju-yeol said So...
Korea's exports up 13.4% on-year in May

Jun 1, 2017

South Korea's exports jumped 13.4 percent last month from a year earlier to extend their winning streak to seven months on the back of brisk overseas sales of computer chips and displays, the trade m...
Korea's Q1 growth ranks high among OECD

Jun 1, 2017

South Korea ranked high in first-quarter economic growth among major advanced and emerging economies as its economy got a boost from recovering exports and investment, data showed Thursday. Asia's f...
Korea's consumer prices up 2% in May

Jun 1, 2017

South Korea's consumer prices continued their upbeat mode to touch the 2 percent level in May on high-flying oil and livestock prices, government data showed Thursday. The country's consumer price i...
[Herald Interview] ECCK chairman calls for deregulation

May 31, 2017

Following the ouster of former President Park Geun-hye and the election of President Moon Jae-in, some foreign investors in Korea have heaved a sigh of relief in anticipation that the country’s econo...