The Korea Herald

No. of Korean youths who gave up job seeking surges 35%

Sept 14, 2021

South Koreans aged between 15 and 29 who were unemployed, not engaged in schooling or housework, and were not seeking jobs increased some 35 percent on-year, data showed Tuesday. As of May, 96,000 w...
Samsung commits to creating 30,000 new youth jobs in 3 years: gov't

Sept 14, 2021

Samsung Group on Tuesday promised to create 30,000 new youth jobs in South Korea in three years by expanding its corporate social responsibility initiatives (CSR), the government said. The plan to c...
Residents' FX deposits rise in Aug. amid brisk exports

Sept 14, 2021

Foreign currency deposits at banks in South Korea gained in August from a month earlier as exporters increased dollar holdings, central bank data showed Tuesday. Residents' outstanding foreign curre...
S. Korea to expand FTAs with more emerging countries in S.E. Asia, Latin America

Sept 14, 2021

South Korea said Tuesday it plans to implement or launch negotiations for a set of new free trade agreements (FTAs) with trading counterparts from Southeast Asia and Latin America this year, as part ...
Export prices up for 9th month in August

Sept 14, 2021

South Korea's export prices rose in August, marking the ninth straight monthly gain amid a strong recovery in exports, central bank data showed Tuesday. The country's export price index, in terms of...
Korea’s aging population to sap fiscal health: Fitch

Sept 13, 2021

The fast-paced aging of South Korea’s population is likely to undermine the fiscal health of Asia’s fourth-largest economy in the long run amid soaring debt, credit ratings agency Fitch Ratings said ...
Finance chief calls for beefed-up monitoring of housing markets

Sept 13, 2021

Finance Minister Hong Nam-ki on Monday raised the need to strengthen the monitoring of the property market as the latest rate hike and the talks of US tapering could increase market volatility. The ...
Pandemic cuts S. Korea's 2021-22 potential growth rate by 0.2% point

Sept 13, 2021

The COVID-19 pandemic slashed South Korea's 2021-22 potential growth rate by 0.2 percentage point to 2 percent, the Bank of Korea (BOK) said Monday. South Korea's potential growth rate, which refers...
Electronic payments hit record high in H1 amid pandemic

Sept 13, 2021

The amount of payments made electronically hit a record high in the first half of this year, central bank data showed Monday, as the COVID-19 pandemic prompted more people to engage in contact-free c...
S. Korea proposes digital trade pact with ASEAN

Sept 13, 2021

South Korea on Monday proposed a new pact on digital trade with Southeast Asia to cope with the changing global business environment and forge deeper economic ties with the region. Trade Minister Ye...
Exports rise 31% in first 10 days of Sept.

Sept 13, 2021

South Korea's exports rose 30.7 percent on-year in the first 10 days of September on the back of robust demand for petroleum products and autos, customs data showed Monday. The country's outbound sh...
Green wave pushes indebted state-run firms to edge

Sept 12, 2021

Amid the climate change response actions underway in South Korea, the nation’s state-run companies dedicated to fossil fuel energy resources are barely hanging on. The Korea Resources Corp., or Kore...
Online shopping in Korea expands 105 percent since 2017

Sept 12, 2021

Tour product sales via internet show signs of rebound
New FSC chief, financial giants mull loan maturity extension

Sept 10, 2021

Koh Seung-beom, the new chairman of the policymaking Financial Services Commission, met with the heads of South Korea’s five biggest banking groups on Friday to discuss whether to further put off loa...
Housing rent loan extended to young Koreans doubles in 4 years

Sept 9, 2021

The total loan extended to Koreans in their 20s and 30s to pay their “jeonse” rents more than doubled since President Moon Jae-in took office in 2017, data showed Thursday, reflecting the reality of ...