The Korea Herald

[News Analysis] Trump’s pressure on trade softens, but remains clear

Nov 7, 2017

FTA amendment talks to gain speed while US president hails Seoul's arms purchase
Korea’s business tycoons, leaders join Moon, Trump dinner

Nov 7, 2017

On the first day of US President Donald Trump’s state visit to Seoul on Tuesday, he will be joining President Moon Jae-in and more than 100 government and business officials for a state dinner at Che...
[Monitor] South Korean economy to remain in uncertain domain

Nov 7, 2017

South Korean economy will remain on the recovery trend but uncertainties will increase both internally and externally, the Economic Research Institute of the Industrial Bank of Korea said.
More people think their livelihood improved in 2017: survey

Nov 7, 2017

A growing number of South Koreans think their lives have improved in the last few years, a survey showed Tuesday. According to the survey of people aged 19 years old and over conducted by Statistics...
Cigarette price hike shows intended effect on low income earners, youths: study

Nov 7, 2017

The cigarette price hike in 2015 has been effective in discouraging smoking in low income earners and youths, but not for people with high earnings, a survey said Tuesday. A public health and nutrit...
Korea’s per capita GNI poised to touch $30,000

Nov 6, 2017

Expectations are growing that Korea’s gross national income per capita will reach the level of $30,000, regarded as the threshold to enter the group of truly advanced economies, for the first time th...
Free trade system being challenged like never before: experts

Nov 6, 2017

One day ahead of US President Donald Trump’s visit to Korea, the Ministry of Trade, Industry and Energy and Korea International Trade Association on Monday held an annual trade conference, discussing...
Korea likely to achieve 3% economic growth this year

Nov 6, 2017

South Korea will be able to achieve this year's growth target of 3 percent, barring any sudden economic volatility in the fourth quarter, the country's finance minister said at a parliamentary sessio...
FTC slaps combined W37.1b fine on three auto parts suppliers for bid rigging

Nov 6, 2017

South Korea's antitrust watchdog said Monday that it has levied a combined 37.1 billion won ($33.2 million) in fines on three foreign auto parts firms for allegedly rigging bids. Denso Korea Automot...
IBK institute cites greater economic uncertainties for 2018

Nov 6, 2017

South Korea's economy will stay on a recovery track next year but will contend with greater uncertainties due to uncontrollable variables, a think tank under state-owned Industrial Bank of Korea said...
Households' overseas spending up 5.5 pct in Q3

Nov 4, 2017

South Korean households' overseas spending rose 5.5 percent in the third quarter from a year earlier on increased outbound travel to foreign countries, the central bank said Saturday. South Korean h...
Number of temporary workers inches up in 2017

Nov 3, 2017

The number of temporary workers in South Korea rose slightly this year from 2016, with its percentage also gaining ground, government data showed Friday. A total of 6.54 million workers were non-reg...
Korea's current account surplus widens to $12.21b in September

Nov 3, 2017

South Korea's current account surplus widened in September from a year earlier due to an increased surplus in the goods account, central bank data showed Friday. The country's current account surplu...
[Monitor] Shorter work hours raise efficiency: KDI

Nov 2, 2017

The labor productivity has risen by 1.5 percent by introducing shorter 40-hour workweek system in the manufacturing sector, a report by the Korea Development Institute showed. The report noted that ...
Construction sector could experience contraction in 2019: report

Nov 2, 2017

South Korea's construction sector could suffer a contraction in 2019, a report said Thursday as the government's moves to stabilize property markets may weigh on new orders. The combined value of co...