The Korea Herald

S. Korea incentivizes mask monopolizers to turn themselves in

Mar 9, 2020

Government vows ‘zero tolerance’ for mask hoarders after grace period
BOK names research head as new deputy governor

Mar 9, 2020

The Bank of Korea said Monday that it had appointed Lee Hwan-seok, the incumbent head of its research department, as its new deputy governor, a senior post within the central bank that had been vacan...
New coronavirus leading to more jitters in Seoul-Tokyo trade row

Mar 9, 2020

South Korea and Japan plan to hold another meeting this week to discuss their monthslong trade dispute, but they are unlikely to reach a compromise anytime soon as the global outbreak of the new coro...
Persistent virus outbreak to further hurt Korea's growth: reports

Mar 9, 2020

The outbreak of the new coronavirus here may further undermine South Korea's economic growth if it is lasts for a significant amount of time, reports suggested Monday, while some said the virus may a...
Korean economy could shrink 1% due to coronavirus outbreak: ADB

Mar 8, 2020

Assuming the worst-case scenario regarding the ongoing new coronavirus outbreak, South Korea could see its GDP contract by as much as 1 percent this year, according to the Asian Development Bank. In...
Banks undermine watchdog, reject KIKO arbitration

Mar 8, 2020

FSS’ lack of legal authority creates uncertainties in the financial sector
[News Analysis] BOK weighed by US rate cut, raising growth pessimism

Mar 5, 2020

Critics blame central bank for ‘complacent’ approach to coronavirus crisis
South Korean government takes full control of face mask supply, bans exports

Mar 5, 2020

Price for 80 percent of masks set at 1,500 won, ID check mandatory for purchase
Korea's current account surplus narrows sharply in Jan.

Mar 5, 2020

South Korea's current account surplus narrowed sharply in January on shrinking exports, central bank data showed Thursday. The country's current account surplus came to $1.01 billion in the month, c...
FSS to impose sanctions on KT&G over alleged accounting fraud

Mar 4, 2020

South Korea’s financial watchdog is likely to slap sanctions on the tobacco giant KT&G over accounting fraud allegations, according to officials Wednesday. The Financial Supervisory Service sent a p...
BOK hints at rate cut over Fed‘s emergency action

Mar 4, 2020

South Korea’s central bank on Wednesday decided to hold its base rate at 1.25 percent for the time being, but hinted at a possible rate cut following the US Federal Reserve’s emergency action on moun...
S. Korea drafts W11.7tr extra budget plan to fight coronavirus

Mar 4, 2020

Govt. allocates three-quarters to expenditures as economic stimulus
Korea's household debt growth faster than peers in 2019

Mar 4, 2020

The debt owed by households and small businesses in South Korea rose at one of the world's fastest rates in 2019 in terms of its ratio to the country's gross domestic product (GDP), data showed Wedne...
Suwon steps up efforts for sustainable urban growth

Mar 3, 2020

Job creation and welfare key policy goals this year for Suwon, says mayor
Extra budget allocation amid virus outbreak to top W11.6tr

Mar 3, 2020

Ruling party’s COVID-19 TF chief mentions rough amount of extra budget injection