The Korea Herald

Consumer sentiment hits record 3-year high on improved exports

May 26, 2017

South Korea's overall consumer sentiment hit the highest level in more than three years helped by a rise in exports and expectations of the new government's economic policies, central bank data showe...
[Monitor] Korea's old-age dependency ratio to spike

May 25, 2017

South Korea’s old-age dependency ratio is forecast to surge to some 80 individuals aged 65 and over for every 100 persons of working age (20-64) by year 2075, which will be the highest among the memb...
Employers blast zero irregular workers plan

May 25, 2017

The Korea Employers Federation on Thursday strongly criticized the new government’s policy to eliminate irregular working positions, contending it would further divide the gap between small and large...
BOK to lift growth forecast in July, keeps rate on hold

May 25, 2017

The Bank of Korea Gov. Lee Ju-yeol said on Thursday that the central bank is likely to revise up the nation’s 2017 growth forecast in July from its April projection of 2.6 percent, citing robust expo...
Korea's income disparity widens in 2016

May 25, 2017

South Korea's income disparity widened significantly last year despite the government's efforts to narrow the gap between the rich and poor, government data showed Thursday. The Gini coefficient of ...
BOK holds key rate steady at 1.25% in May

May 25, 2017

South Korea's central bank on Thursday held its key rate steady in May as the new government is pushing to expand fiscal spending to help revive Asia's fourth-largest economy. In a widely expected m...
Korea's dependency ratio to rise fast: report

May 25, 2017

South Korea's dependency ratio is expected to spike over the next 60 years in line with its fast aging population, becoming the highest among major advanced economies, a report said Thursday. Asia's...
[Monitor] Top conglomerates’ operating profits soar

May 24, 2017

The operating income of South Korea’s top 10 conglomerates surged by more than 80 percent on-year in the first quarter of this year, according to Chaebul.com, Wednesday. The combined operating incom...
[Photo News] Recruitment exhibition for mid-sized companies take held at COEX

May 24, 2017
[News Focus] Concern raised over ‘zero irregular jobs’ plan

May 24, 2017

President Moon Jae-in’s pledge to usher in an “era of zero irregular jobs” in the public sector within his five-year term has raised concerns about the possible negative effects of the initiative. A...
Q1 ratio of short-term debt to foreign reserves hits highest in more than 1 year

May 24, 2017

The ratio of South Korea's short-term foreign debt to its foreign reserves hit the highest level in more than a year in the first quarter on increased foreign investment in local bonds, data showed W...
China downgraded to A1 by Moody's on worsening debt outlook

May 24, 2017

Moody’s Investors Service cut its rating on China’s debt, saying that the outlook for the country’s financial strength will worsen as debt rises and economic growth slows. Moody’s reduced the rating...
Household debt, geopolitical risks pose threats to Korean financial system: poll

May 24, 2017

South Korea's growing household debt and geopolitical risks are two major systemic risks facing the country's financial system, a survey showed Wednesday. Household debt topped the list of key syste...
Govt. funds' investment return dips in fiscal 2016

May 23, 2017

The average investment return on government-operated public funds dropped sharply from a year earlier in 2016 due largely to a fall in bond yields, the finance ministry said Tuesday. The average yie...
Trade group recommends future FTAs based on market size, trade barriers

May 23, 2017

A local trade organization recommended Tuesday that South Korea should pursue free trade agreements with South African countries, Uzbekistan and Cote d'Ivoire, citing their market scale and trade con...