The Korea Herald

Korea's new govt to unveil its economic plan within the month

Jul 4, 2017

South Korea's new government will unveil a comprehensive macroeconomic road map, including plans on taxation and public finances, later this month, the country's top economic policymaker said Tuesday...
BOK to take action to cope with foreign monetary policy changes

Jul 4, 2017

The chief of South Korea's central bank vowed Tuesday to take "appropriate" steps amid signs that major economies could change their monetary policies going forward. Last month, the U.S. Federal Res...
Foreign banks upgrade Korea's economic outlook

Jul 4, 2017

Some foreign investment banks have raised their growth forecasts for South Korea's economy this year, thanks to better-than-expected exports and facility investment, a financial research institute sa...
Sales of image sensors set to soar through 2021

Jul 4, 2017

Global sales of image sensors are expected to rise through 2021 in line with the development of virtual reality and wearable devices, industry data showed Tuesday. According to the data compiled by ...
Korea has OECD’s highest proportion of low-paid women

Jul 3, 2017

South Korea had the highest proportion of low-paid female employees out of its total labor force among member countries of the Organization for Economic Cooperation and Development in 2015, mainly du...
Economic showdown looms ahead for Korea-US FTA

Jul 3, 2017

The Korea-US summit in Washington last week finished with ambiguous statements from both sides as well as President Trump expressing his intent to renegotiate the current Korea-US Free Trade Agreemen...
Mortgage approvals by 6 retail banks hit 7-month high in June

Jul 3, 2017

Mortgage lending by six major retail banks grew to a seven-month high in June, as more people sought to receive mortgages before the government tightens lending regulations for home mortgages, data s...
Rise in household debt will not affect consumption due to rising

Jul 3, 2017

South Korea will not undergo a sharp drop in consumption despite the ever-rising household debt, a private think tank said Monday, citing growth in property and financial asset value. Households whe...
Pay disparity widens between senior managers, ordinary workers

Jul 3, 2017

Senior managers at big service sector firms earned 4.2 times more than rank-and-file workers last year, highlighting the widening wage gap in earnings that began with the 2008-09 global financial cri...
5 firms added to antitrust watch list in June

Jul 3, 2017

The number of South Korean business groups' affiliates under tight restrictions on mutual investment and loan guarantees rose slightly in June from a month earlier, the corporate watchdog said Monday...
Korean women paid much less than men compared to counterparts

Jul 3, 2017

South Korean women employees are paid less than their male counterparts among Organization for Economic Cooperation and Development member economies, due to wage discrimination, data showed Monday. ...
FTA renegotiation issue remains open upon summit

Jul 2, 2017

South Korean President Moon Jae-in flew back to Seoul on Sunday with a reaffirmed US alliance and renewed momentum to resolve the North Korea impasse, but he left open the controversial issue of Wash...
S. Korea's exports jump 13.7 ercent in June

Jul 1, 2017

South Korea's exports extended their winning streak for the eighth month in a row by expanding 13.7 percent last month on recovering global commerce, the trade ministry said Saturday. Outbound shipm...
Foreign investors trading on Korean bourse up slightly in May

Jun 30, 2017

The number of foreign stock investors registered in South Korea rose slightly in May, with Americans accounting for the lion's share, the country's financial watchdog said Friday. The number of over...
Think tank raises Korea's growth outlook

Jun 29, 2017

The South Korean economy will likely grow at a faster pace this year than initially estimated on resilient exports and corporate capital spending, a private think tank said Thursday. In its second-q...