The Korea Herald

Korea losing appeal as FDI destination

Nov 1, 2017

Korea is becoming less attractive as a destination for foreign direct investments, just as the government looks to FDI to help ease unemployment. According to official data, foreign investment in ma...
[Monitor] Korea ranks 4th in good business environment

Nov 1, 2017

South Korea moved up to fourth place in this year’s business environment survey by the World Bank, mainly due to high scores in legal settlements and electricity supply. The organization’s “Doing Bu...
Think tank raises Korea's economic growth outlook to 3.1%

Nov 1, 2017

A South Korean think tank on Wednesday revised up its growth outlook for Asia's fourth-largest economy this year to 3.1 percent, up 0.1 percentage point from its previous estimate in July. The upwar...
Korean workers' salary ranks low among OECD nations

Nov 1, 2017

The average salary of South Korean workers ranked mid to low among major economies last year with its growth rate over the past six years also hovering below their median, a report said Wednesday. A...
Korea's consumer prices up 1.8% in Oct.

Nov 1, 2017

South Korea's consumer prices rose at the slowest pace in 10 months in October as high-flying food prices slowed down, government data showed Wednesday. The consumer price index advanced 1.8 percent...
Korea's exports rise 7.1% in Oct. on strong demand for semiconductors

Nov 1, 2017

South Korea's exports jumped 7.1 percent in October from a year earlier on the back of strong demand for semiconductors, ships and petrochemical products, government data showed Wednesday. Outbound ...
[Monitor] South Korea‘s business outlook by firms remain weak

Oct 31, 2017

While business outlook by companies in such countries as the US and China continue to be robust this year, South Korea’s business outlook remains weak, hovering below the benchmark for 18th consecuti...
Trump may reiterate US trade deficit in his Korea visit: trade minister

Oct 31, 2017

US President Donald Trump may step up pressure to renegotiate the free trade deal with South Korea during his state visit here next week, Seoul's trade minister said Tuesday. "There's a possibility ...
Korean businesses await return of Chinese visitors to generate growth

Oct 31, 2017

The announcement Tuesday from Seoul and Beijing that they will try to put their relations back on track raised hopes among local businesses that have relied on Chinese consumers to generate growth. ...
Korea firms step up Pyeongchang promotions as Olympics nears

Oct 31, 2017

South Korean companies are stepping up campaigns to promote their products and brand awareness as the countdown begins in earnest for the Pyeongchang Olympics. Chip giant Samsung Electronics Co. and...
[Monitor] Korea's growth rate gap with China narrows

Oct 30, 2017

South Korea has logged a better-than-expected economic growth rate of 3.6 percent in the third quarter this year on-year, marking the highest index in three years and six months, according to Bank of...
Korean firms face challenges beyond THAAD row

Oct 30, 2017

South Korean companies should brace for the sophistication of China’s economic structure that will be accelerated during Xi Jinping’s second five-year term as Chinese leader, economists here say. Th...
Moon calls for social dialogue for sustainable growth

Oct 30, 2017

President Moon Jae-in on Monday urged business and labor circles to join efforts to forge a grand social consensus to ensure the country's sustainable and inclusive growth. "Reaching a social consen...
W594tr of corporate money sent to tax havens from 2008 to 2016

Oct 30, 2017

Corporate money from South Korea amounting to 594 trillion won ($527.53 billion) has gone to tax havens over the past nine years, official data showed Monday. Figures compiled from multiple sources,...
Banks on alert as govt. clamps down on mortgage loans

Oct 30, 2017

Local banks are on alert as the government tightens the screw on mortgage loans that has contributed to their profits, financial industry insiders said Monday. The Moon Jae-in administration took a ...