The Korea Herald

[Monitor] More people move out of Seoul than move in

Apr 20, 2017

More people moved out of Seoul and the surrounding metropolitan area than those who moved in for the first time since the relevant tally was gathered in 1971, Statistics Korea said Thursday. The num...
Korea's household debt growth slows in Q1

Apr 20, 2017

South Korea's household debt growth, already the highest among emerging markets, increased at a slower pace in the first quarter of this year, thanks to government measures to curb lending, the natio...
Korea's exports of cosmetics jump 32.1% in Q1

Apr 20, 2017

South Korea's exports of cosmetics continued their upside mode in the first three months of the year on strong global demand, the latest customs data showed Thursday. Outbound shipments of South Kor...
[Monitor] International Monetary Fund upgrades Korea’s 2017 growth forecast to 2.7%

Apr 19, 2017

The International Monetary Fund raised its forecast for South Korea’s economic growth this year to 2.7 percent, driven by signs of a turnaround in the global economy. The latest forecast is up 0.1 p...
Korea's finance minister to attend G-20, IMF meetings

Apr 19, 2017

South Korea's finance minister will attend international meetings of the world's top economic policymakers later this week to discuss ways to improve international policy coordination, his office in ...
Debate rekindled over fiscal expansion

Apr 19, 2017

Debate is heating up here on the wisdom of increasing fiscal spending to help boost Korea’s sluggish economy that is expected to grow below 3 percent for three consecutive years in 2017. The issue c...
Korea's economy capable of responding to crises: regulator

Apr 19, 2017

South Korea's economic fundamentals are sound and it is capable of "fully" responding to potential crises at home and abroad, the nation's top financial regulator said Wednesday. Zhin Woong-seob, go...
Korea central bank chief leaves for US G-20 meeting

Apr 19, 2017

South Korea's central bank chief left for Washington on Wednesday to discuss pending economic issues with his counterparts from the world's major economies, the Bank of Korea said. BOK Governor Lee ...
Producer prices fall in March on price decline in manufactured goods

Apr 19, 2017

South Korea's producer prices fell slightly in March from a month earlier due mainly to a decline in the prices of manufactured goods, the central bank said Wednesday. The producer price index -- a ...
Companies plan to hire less this year due to economic slump: survey

Apr 18, 2017

South Korean businesses are likely to hire fewer people this year than in 2016 amid the ongoing economic slump, a survey showed Tuesday. The survey of 258 companies with more than 100 employees cond...
Unmarried workers in 20s 30s spend more than married

Apr 18, 2017

Workers in their 20s and 30s spend an average of 14,800 won ($12.9) daily, with unmarried workers spending more than those who are married, according to a survey conducted by JobKorea Tuesday. The j...
[Monitor] Daily traffic surges 17.4% in decade

Apr 18, 2017

South Korea‘s daily traffic volume increased 17.4 percent from 10 years ago as of last year, the Ministry of Land, Infrastructure and Transport said Tuesday. The data was collected by counting vehic...
[News Analysis] Review of trade deal with US likely to cover only some industries: experts

Apr 18, 2017

US Vice President Mike Pence’s official remarks that Washington would review the 5-year-old bilateral trade deal between South Korea and the US may be only confined to a partial review of trade terms...
KDI raises 2017 economic growth estimate to 2.6%

Apr 18, 2017

A state-run think tank on Tuesday revised up its 2017 growth forecast for the South Korean economy by 0.2 percentage point to 2.6 percent thanks to a recovery in the world economy and an upturn in ex...
Koreans' health care costs up 10.7% last year

Apr 18, 2017

Health care spending of South Korean families jumped 10.7 percent last year from a year earlier, the central bank said Tuesday, due apparently to a rise in senior citizens. Health care expenses of h...