The Korea Herald

S. Korea's Oct. exports tipped to fall 3.12%: poll

Oct 27, 2020

South Korea's exports are expected to decrease 3.12 percent on-year in October after enjoying a brief rebound the previous month, due mainly to the resurgence of new coronavirus cases around the glob...
Government sticks with 'fiscal soundness rule' despite resistance

Oct 26, 2020

Ministry gestures at legislation notice within week
Bank overdrafts, card loans on sharp rise among 20-somethings

Oct 26, 2020

Amid a prolonged economic contraction and shrinking employment rate, South Koreans in their 20s have increasingly become debt-ridden, depending on bank overdrafts and credit card loans, data showed. ...
Stung by hefty recall provisions, Hyundai, Kia deliver poor Q3 results

Oct 26, 2020

Hyundai Motor Co. and its affiliate Kia Motors Corp. on Monday posted lackluster third-quarter earnings results due to hefty provisions for recalls and quality management. For the three months that ...
Hyundai Rotem swings to black in Q3

Oct 26, 2020

Hyundai Rotem Co. on Monday reported its third-quarter net profit of 4.6 billion won ($4.1 million), swinging from a loss of 117.5 billion won a year earlier. Operating income for the July-September...
SsangYong Motor Q3 net losses slightly narrow on reduced costs

Oct 26, 2020

SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday its third-quarter net losses narrowed from a year earlier, helped by reduced costs. Net losses for...
S. Korea to donate W6b to developing nations in Southeast Asia

Oct 26, 2020

South Korea said Monday it has inked an agreement with the United Nations Development Programme to provide 6 billion won ($5.3 million) in aid to build sustainable infrastructure in farms in Southeas...
S. Korea approves $200m in aid for developing nations fighting pandemic

Oct 26, 2020

SEJONG -- South Korea's finance ministry said Monday it has approved $200 million in health care aid for three Asian nations to better combat the coronavirus pandemic. The approval is part of the na...
Imported commercial car sales jump 26% in September

Oct 26, 2020

Sales of imported commercial vehicles in South Korea jumped 26 percent last month from a year earlier on robust sales of Scania and Iveco trucks, an industry association said Monday. The number of n...
Samsung Electro-Mechanics Q3 net jumps on demand recovery

Oct 26, 2020

Samsung Electro-Mechanics Co., a major electronics components maker in South Korea, on Monday reported robust third-quarter earnings on firm demand amid the novel coronavirus pandemic. The Samsung G...
Pandemic, brisk exports may boost instant noodle makers' Q3 earnings: survey

Oct 26, 2020

South Korea's major instant noodle makers are estimated to have posted solid earnings in the third quarter, as demand from stay-at-home consumers rose amid the pandemic and sales in overseas markets ...
Key Samsung units surge as succession issue looms following group chief's death

Oct 26, 2020

Shares in Samsung Group's key affiliates closed higher Monday on expectations that they may increase dividend payouts to help the late Samsung chief's scions secure funds to pay record high inheritan...
S. Korea's beer exports more than halve this year on virus

Oct 26, 2020

South Korea's beer exports more than halved in the first nine months of the year in the wake of the coronavirus pandemic, data showed Monday. Overseas shipments of Korean beer stood at $54.1 million...
S. Korea, Britain agree to maintain close ties after Brexit, pandemic

Oct 26, 2020

South Korea and Britain agreed Monday to maintain their trade ties after the scheduled end of the transition period of London's departure from the European Union and to form a deeper bond to overcome...
20-somethings overburdened with bank overdrafts, card loans

Oct 26, 2020

South Koreans in their 20s are overburdened with bank overdrafts and loans from credit card companies amid a jobs crunch sparked by a protracted economic slump, data showed Monday. Outstanding overd...