The Korea Herald

State pension's income replacement ratio reaches 24%

May 22, 2017

South Korean pensioners find it difficult to live only on monthly payments from the state pension scheme as the amount comes to less than a quarter of their pre-retirement income, a government report...
Over 10% of regular workers think they are temps: report

May 22, 2017

More than 10 percent of full-time workers in South Korea consider themselves as nonregular employees because of poor working conditions, a report said Monday. According to the report by the Korea La...
Debt ratio of listed firms edges up in Q1

May 22, 2017

South Korean companies listed on the country's main stock market saw their debt ratio inch up in the first quarter of this year from three months earlier, data showed Monday. The debt-to-equity rati...
Producer prices up for 6th straight month in April

May 22, 2017

South Korea's producer prices rose for a sixth straight month in April on rising oil and raw material prices, central bank data showed Monday. The producer price index -- a barometer of future consu...
Moon puts chaebol reform, income growth top on economic agenda

May 21, 2017

President Moon Jae-in’s chaebol reform drive became even more clear on Sunday as he named a longtime activist for shareholders’ rights and transparent corporate governance as the chief of the staff f...
Korea records highest Q1 growth among top exporting nations

May 21, 2017

South Korea‘s exports recorded the fastest quarter growth among the world’s leading exporting countries with its first quarter revenue totaling $132.3 billion, up 14.9 percent from the same period la...
AmCham meets White House officials

May 21, 2017

Leaders of the American Chamber of Commerce in Korea recently concluded their senior-level “Doorknock” meetings in Washington, during which the delegation met with key officials of the Trump Administ...
BOK expected to hold policy rate steady in May: Moody's Analytics

May 21, 2017

South Korea's central bank is expected to hold its key rates steady this month due to weak domestic spending, a report by Moody's Analytics said Sunday. The Bank of Korea kept its policy rate at an ...
New gov't to tweak merit pay for public agencies: analysts

May 19, 2017

South Korea's new Moon Jae-in government is expected to make only small changes to the current merit pay system for all public agency employees instead of scrapping it all together, analysts said Fri...
Retailers struggle with weak sales as concerns over gov't rules loom

May 19, 2017

Retailers are struggling with weak sales amid unfavorable market conditions industry data showed Friday, with prospects of new government regulations adding to their worries. According to the sales ...
[Moon in Office] How far can chaebol reform go?

May 18, 2017

Conditions are ripe but detailed policies for implementation remain to be seen, experts say
Nominee for FTC chief aims strict regulation on big 4 biz groups

May 18, 2017

Kim says curbing cross-shareholdings not a priority
17 companies report 'WannaCry' damage in Korea

May 18, 2017

South Korea's state-run cybersecurity agency said Thursday that 17 companies have been struck by "WannaCry" so far, but the spread of the ransomware has slowed. The Korea Internet & Security Agency ...
Koreans' overseas card spending hits record high in Q1

May 18, 2017

Overseas card spending by South Koreans hit a record high in the first quarter due to a hike in the number of people going overseas, the central bank said Thursday. In the January-March period, over...
Punishment softened against 3 life insurers over suicide claims

May 18, 2017

South Korea's financial regulator on Wednesday eased penalties against the nation's top three life insurers over unpaid suicide insurance benefits. Kyobo Life Insurance was ordered to halt operation...