The Korea Herald

Aging society to fuel growth in agriculture-fishery sector, health care services

Jun 11, 2017

South Korea's rapidly aging society is expected to fuel growth in the country's agricultural and fisheries sector, and health care services, a local think tank said Sunday, calling on the country to ...
Korea expected to be 15th-largest rice producer in 2017: FAO

Jun 11, 2017

South Korea is expected to become the world's 15th largest producer of rice this year, a report by the United Nations food organization showed Sunday. According to the Food Outlook by Food and Agric...
S. Korea ranks 5th among OECD states in Q1 food price growth

Jun 10, 2017

South Korea ranked fifth among the 35 Organization for Economic Cooperation and Development (OECD) countries in the growth of food prices in the first quarter, OECD data showed Saturday. In the Janu...
[Monitor] Unemployment credit applicants surpass 300,000

Jun 9, 2017

The number of applicants for “unemployment credit” has surpassed 300,000 in the past 10 months since its launch last August, said the National Pension Service Friday. The unemployment credit is a pr...
Korea hard pressed to achieve 3% growth: BOK board member

Jun 9, 2017

South Korea is expected to face difficulty in achieving an annual economic growth of 3 percent in the coming years as consumption is crimped by the aging population and rising household debts, a Bank...
Korea's exports remain upbeat, gains weighed down by lukewarm domestic demand

Jun 9, 2017

An upturn in global trade and exports has been helping the South Korean economy recover to some extent, but the gains are weighed down by flaccid domestic demand, including investment and private con...
[Monitor] OECD retains 2.6% growth for this year

Jun 8, 2017

South Korea‘s economy is expected to grow 2.6 percent this year and 2.8 percent next year, according to the Organization for Economic Cooperation and Development on Wednesday. This year’s forecast h...
Positive economic data seen in 1st month of Moon administration

Jun 8, 2017

Kospi rises nearly 3 percent since his May inauguration
Korea signs multilateral treaty to prevent offshore tax erosion

Jun 8, 2017

South Korea has signed a multilateral treaty to participate in the international movement to prevent offshore tax erosion, the finance ministry here said Thursday. Ambassador Yoon Jong-won to the Or...
Korean economy maintains moderate recovery momentum

Jun 8, 2017

The South Korean economy has been on a modest recovery path thanks to brisk exports and investment despite a slight downturn in industrial output, a state-run think tank said Thursday. "The Korean e...
Seoul urged to shift to consumer, services goods in China exports: report

Jun 8, 2017

South Korea needs to export more services and consumer goods than intermediary products to China to keep up with the Beijing government's drive to boost domestic consumption, a report said Thursday. ...
Koreans hold one of gloomiest views on economy: survey

Jun 8, 2017

South Koreans have one of the gloomiest economic views in the world, with 84 percent saying the fourth-largest Asian economy is in bad shape, a US survey showed Wednesday. South Korea had the second...
OECD Economic Outlook predicts 2.8% GDP growth for Korea next year

Jun 7, 2017

The OECD Economic Outlook has predicted Korea’s gross domestic product will grow from 2.6 percent to 2.8 percent in 2018, according to its latest report released Wednesday. The OECD Economic Outlook...
Study shows low retention of jobs created by public subsidies

Jun 7, 2017

Following President Moon Jae-in’s initiative for his 100-day plan for job creation, a recent study argued that the government’s short-term financial support is estimated to be ineffective in the long...
Finance minister nominee grilled over economic values

Jun 7, 2017

At a parliamentary hearing Wednesday, Kim Dong-yeon, nominee for deputy prime minister and finance minister, was under intense scrutiny over his stance that opposition lawmakers claimed would clash w...