The Korea Herald

S. Korea's exports fall 15% in first 10 days of Jan.

Jan 11, 2021

South Korea's exports declined 15.4 percent on-year in the first 10 days of January, customs data showed Monday, amid the prolonged fallout from the new coronavirus outbreak. The country's outbound ...
State bonds worth W48tr to mature this year: govt. data

Jan 11, 2021

South Korean state bonds worth nearly 48 trillion won ($44 billion) are slated to mature in 2021, with the amount rising further in the next couple of years due to more fiscal spending to weather the...
Brokerages downgrade Q4 earnings outlook for major listed firms

Jan 11, 2021

South Korean brokerage houses have slightly revised down their fourth-quarter earnings outlook for major listed companies amid the coronavirus pandemic, a market tracker said Monday. The combined op...
S. Korea's power sales dip 2.4% in Jan.-Nov. on coronavirus impact

Jan 11, 2021

South Korea's electricity consumption fell more than 2 percent in the first 11 months of 2020 in the wake of the coronavirus pandemic, data showed Monday. Power sales in Asia's fourth-largest econom...
[News Focus] Korea strives to branch out into South America

Jan 10, 2021

Free trade talks with 4 Mercosur countries draw attention
S. Korea to kick-off 3rd round of emergency cash handouts Monday

Jan 10, 2021

South Korea plans to kick off a 4.1 trillion won ($3.7 billion) emergency cash handout program Monday to offer up to 3 million won to small business owners, freelancers and special contract laborers ...
Economic recovery momentum slackens amid flare-up in COVID-19 cases: KDI

Jan 10, 2021

South Korea's economic recovery momentum is slowing down as the service sector has remained sluggish amid a resurgence in new coronavirus cases, a state-run think tank said Sunday. The country's man...
S. Korea to phase out industrial waste imports

Jan 10, 2021

South Korea plans to restrict or phase out its imports of 10 kinds of industrial waste to increase the recycling of domestic waste, the Ministry of Environment said Sunday. The ministry said the imp...
S. Korea to add 1.04 million new jobs in public sector

Jan 8, 2021

The South Korean government plans to create 1.04 million new jobs in the public sector in an effort to tackle the pandemic employment shock, according to the nation’s first vice minister of finance F...
Foreigners turn net sellers of S. Korean stocks in December last year

Jan 8, 2021

Foreign investors turned net sellers of South Korean equities in December last year, as they took profits from a recent stock rally, the central bank said Friday. Foreigners sold a net $2.36 billion...
S. Korea to jack up support for electric, hydrogen cars

Jan 8, 2021

South Korea plans to increase budgetary support for the purchase of electric and hydrogen cars by around 30 percent this year in a bid to nurture the next-generation vehicle sector, the finance minis...
S. Korea's current account surplus narrows in November

Jan 8, 2021

South Korea's current account surplus narrowed on month in November last year, mainly due to a decline in investment income, the central bank said Friday. The current account surplus reached $8.97 b...
[News Focus] Korea ranks 26th of 32 OECD members in employment

Jan 7, 2021

In Q3 2020, Japan placed No. 4, Czech Republic at No. 7
Foreign investment banks raise 2021 growth outlook for S.Korea

Jan 7, 2021

Top foreign investment banks, including Goldman Sachs, JP Morgan and HSBC, have upgraded South Korea’s growth outlook for this year to an average 3.4 percent, up by 0.1 percentage point from their pr...
Finance Ministry vows to beef up monitoring of excess liquidity

Jan 7, 2021

Vice Finance Minister Kim Yong-beom vowed on Thursday to strengthen monitoring on swelling of liquidity spilled over to the country’s asset markets amid concerns over the stock market’s sharp pandemi...