The Korea Herald

S. Korean insurers' financial health worsens in Q1

Jul 1, 2020

South Korean insurance companies saw their financial health worsen slightly in the first quarter as share price falls eroded capital, data showed Wednesday. The risk-based capital (RBC) ratio of ins...
S. Korea's exports decline for 4 straight months amid pandemic, but pace slows as economies reopen

Jul 1, 2020

South Korea's exports fell 10.9 percent in June marking the fourth consecutive month of decline amid the fallout from the new coronavirus pandemic, data showed Wednesday, although the pace slowed as ...
S. Korea’s coincident index plummets to lowest in 21 years

Jun 30, 2020

South Korea’s coincident index -- that summarizes current economic conditions -- plunged to the lowest level in 21 years in May amid the COVID-19 pandemic, data from Statistics Korea showed Tuesday. ...
Banks' lending rates up in May

Jun 30, 2020

Lending rates on fresh bank loans rose slightly from a month earlier in May amid a sharp increase in corporate lending, while interest rates paid by banks on fresh deposits fell sharply on increased ...
Finance minister urges National Assembly to swiftly approve 3rd extra budget

Jun 30, 2020

SEJONG -- Finance Minister Hong Nam-ki n Tuesday called for the National Assembly to swiftly approve a third extra budget to revive the virus-hit economy, saying the budget would benefit more than 6....
S. Korea, Russia hold 5th round of FTA talks on service, investment

Jun 30, 2020

South Korea and Russia started another round of negotiations Tuesday to clinch a free trade agreement (FTA) in the service and investment sectors. During the videoconferences that run through Monday...
S. Korea's industrial output suffers extended slump in May amid virus pandemic

Jun 30, 2020

SEJONG -- South Korea's industrial output extended its slump in May as the coronavirus pandemic disrupted supply chains, but retail sales reported a robust gain, data showed Tuesday. The nation's ov...
Changes in economic structures may dent growth in post-virus era: BOK

Jun 29, 2020

South Korea is expected to see an accelerated slowdown of its potential economic growth rate, with domestic and global economic structures facing radical transformation in the post-coronavirus era, t...
WTO to discuss opening panel over Seoul-Tokyo trade row

Jun 29, 2020

SEOUL/GENEVA -- The World Trade Organization (WTO) plans to discuss the establishment of a panel to deal with the year-long trade row between South Korea and Japan, after Seoul reopened the case at t...
Coronavirus to cause permanent changes in economy, business environment

Jun 29, 2020

The new coronavirus pandemic will likely have a lasting effect on various ways of life, such as where and how people shop, possibly leading to permanent changes in the global economy and trade, a cen...
Corporate direct financing up 40% in May

Jun 29, 2020

South Korean companies' stock and bond sales rose 40.1 percent in May from a month earlier, due mainly to a hike in sales of corporate debt, data showed Monday. Local companies raised a combined 16....
[Contribution] S. Korea can make COVID-19 recovery greener

Jun 28, 2020

Countries all over the world have been rolling out large fiscal stimulus packages in response to the COVID-19 economic crisis. Some are using this as an opportunity to promote policies linked to envi...
Regulator further cuts maximum interest rate on loans by illegal lenders

Jun 28, 2020

South Korean financial authorities on Sunday said that illegal money lenders cannot impose annual interest rates of more than 6 percent, in a move to protect consumers in the pandemic-hit economy. T...
S. Korea to implement new global bank capital rules this month

Jun 28, 2020

South Korea will begin to implement new global bank capital rules this month, the country's financial regulator said Sunday, a move that could boost capital adequacy ratios of South Korean banks. Th...
Consumer sentiment index rebounds on stimulus measures and rising stock prices: BOK

Jun 26, 2020

South Korea’s consumer sentiment rebounded for the second straight month in June, but was still far more pessimistic than the neutral view held at the beginning of the year, data showed Friday. The ...