The Korea Herald

Auto exports down for 7th month on virus-hit disruptions

Mar 13, 2020

South Korea's automobile exports sank 25 percent in February from a year earlier to extend their on-year drop to the seventh month in a row as the operation of local car factories was partially disru...
BOK vows market stabilization measures

Mar 13, 2020

The Bank of Korea said Friday that it will take active steps to help stabilize the local market, noting the volatility in the country's financial markets may seem excessive. "The Bank of Korea plans...
Institutions go long on stocks amid market havoc

Mar 13, 2020

South Korean institutional investors have been loading up on stocks this month despite a virus-induced market crash, data showed Friday. The country's state pension fund and other institutions remai...
[COVID-19 Market Impact] South Korea's economic rebound loses heat

Mar 12, 2020

After struggling with a record-low growth pace last year, South Korea’s economy was aspiring to make a rebound in 2020, hopefully on the back of global trade improvements and a chip industry recovery...
Hyundai Steel says no US antidumping duty on its steel products

Mar 12, 2020

Hyundai Steel Co., South Korea's No. 2 steelmaker, said Thursday that the United States has decided not to impose an antidumping duty on its corrosion-resistant steel products. The US Department of ...
Coronavirus to have bigger, longer impact on economy than past epidemics: BOK

Mar 12, 2020

The ongoing spread of the new coronavirus is expected to have a greater and longer-lasting impact on the local economy than past epidemics, partly due to its impact on China, now one of the world's l...
Exports of agricultural goods down 13% in Jan. amid coronavirus outbreak

Mar 12, 2020

South Korea's exports of agricultural goods tumbled a whopping 13 percent in January from a year earlier as the global outbreak of the new coronavirus dealt a harsh blow to the country's efforts to p...
S. Korea’s job figures improve in Feb. amid virus fears

Mar 11, 2020

Nation braces for harsh blow in March figures amid COVID-19 impact
Korea's ICT exports increase for 1st time in 16 months in Feb.

Mar 11, 2020

South Korean exports of information and communication technology (ICT) goods grew for the first time in 16 months in February on brisk shipments of chips and smartphones, government data showed Wedne...
Korea's exports up 21.9% in first 10 days of March

Mar 11, 2020

South Korea's exports rose by more than 20 percent from a year earlier in the first 10 days of March, customs data showed Wednesday, but the new coronavirus outbreak may limit the growth of its expor...
Korea's jobless rate at 4.1% in February, 492,000 jobs created

Mar 11, 2020

South Korea's jobless rate fell in February and job creations rose by more than 400,000 for the third straight month, with the outbreak of the new coronavirus dealing a harsh blow to some sectors, s...
S. Korea to tighten grip over stock short selling as emergency action

Mar 10, 2020

South Korea vowed Tuesday to tighten regulations on stock short selling to stabilize the market amid increased volatility caused by the spread of the new coronavirus, and also the sudden drop in glob...
Students' private education spending surges to 10-year high in 2019

Mar 10, 2020

Young South Korean students' spending on private education spiked to a 10-year high in 2019, data from the Ministry of Education and Statistics Korea showed Tuesday, reflecting undiminished parental ...
[Newsmaker] Basic income scheme of W51tr spurs controversy

Mar 10, 2020

Will cash transfer to citizens for tackling COVID-19 get Korea’s economy back on track?
S. Korea incentivizes mask monopolizers to turn themselves in

Mar 9, 2020

Government vows ‘zero tolerance’ for mask hoarders after grace period