The Korea Herald

Minimum wage hike plan raises concerns

Jun 7, 2017

The new government’s push for a steep increase in the minimum wage has raised concerns that job opportunities for low-income, low-skilled workers will decrease as many small companies and self-employ...
Real income growth outpaced by economic expansion: data

Jun 7, 2017

The growth of real income of South Koreans has risen at a slower pace than that of economic growth over the past five years, government data showed Wednesday. The average real income of local busine...
Moon's job committee vows to raise minimum wage early

Jun 6, 2017

The new presidential committee on job creation is set to hold a series of meetings this week with business lobbies representing small and medium-sized enterprises, partly to learn their views on rais...
Korea’s middle class declines as income distribution worsens

Jun 6, 2017

Amid increasing income disparity, the Ministry of Strategy and Finance said Tuesday that Korea’s middle class accounted for 65.7 percent of the population last year, a 1.7 percentage point decrease c...
Stricter lending rules looming amid rising home prices

Jun 6, 2017

Affluent Gangnam, Seocho lead price hikes in Seoul
Despite strong exports, current account surplus slips

Jun 5, 2017

Despite strong exports, South Korea’s current account balance slid to $4 billion in April this year, recording the smallest surplus in the past year, according to the Bank of Korea on Monday. Bank ...
THAAD issue may affect talks on Seoul-Beijing currency swap deal: BOK

Jun 5, 2017

South Korea's diplomatic tensions with China may weigh heavily on their upcoming talks on extending the bilateral currency swap deal, South Korea's central bank said Monday. China has taken a series...
Korea has room for tax hike: finance minister nominee

Jun 5, 2017

South Korea has some room for a tax hike in the future, the finance minister nominee said Monday, lending support to the government's expansionary fiscal policies to create jobs and boost the economy...
Moon takes action for income-led growth in Korean economy

Jun 5, 2017

South Korea on Monday started a full-fledged step to realize its slogan of the "income-led growth" through an 11.2 trillion-won ($9.99 billion) supplementary budget. The budget proposal -- which cam...
Korea outlines W11.2tr extra budget plan to create jobs

Jun 5, 2017

SEJONG -- South Korea on Monday outlined an 11.2 trillion-won ($9.99 billion) extra budget plan to create jobs and fuel the recent recovery momentum in the economy. The supplementary budget -- the f...
Korea's current account surplus rises to $4 bln in April

Jun 5, 2017

South Korea's current account surplus rose slightly in April from a year earlier on an increased surplus in the goods account, central bank data showed Monday. The country's current account surplus ...
Korea's FX reserves hit record high in May

Jun 5, 2017

South Korea's foreign exchange reserves hit a record high in May due to a hike in the value of non-dollar currencies when converted into the US greenback, central bank data showed Monday. As of the ...
Extra budget on job creation meant to reduce inequality: Moon aide

Jun 4, 2017

President Moon Jae-in’s chief secretary for economic policies said Sunday that the government’s planned 10 trillion won ($9 billion) supplementary budget would help reduce inequality. Jang Ha-sung, ...
Korea-ASEAN FTA accounts for 5 percent FDI after 10 years

Jun 4, 2017

With this year marking Korea‘s 10th anniversary since the country entered into the free trade agreement with the Association of Southeast Asian Nations, South Korea‘s investment among ASEAN accounts ...
KORUS FTA cancellation to hurt US firms more than Korean counterparts: KIET

Jun 4, 2017

The cancellation of the free trade agreement between Seoul and Washington will be more detrimental to US companies than their South Korean counterparts, a local think tank said Sunday. According to ...