The Korea Herald

Korean economy may pull of slower-than-expected growth in 2020

Jan 27, 2020

South Korea's economy is expected to rebound this year from the slowest growth in a decade last year, but it may continue to face many economic headwinds, including sluggish demands at home and abroa...
Woori Financial to shortlist new CEO candidates for banking unit

Jan 25, 2020

Woori Financial Group, a major South Korean banking group, plans to shortlist new CEO candidates for its flagship banking unit next week, a company official has said. Woori Financial has selected se...
BOK floats 6tr won worth of fresh bills ahead of Lunar New Year's Day

Jan 23, 2020

The Bank of Korea said Thursday it has issued over 6 trillion won ($5.15 billion) worth of fresh banknotes ahead of the Lunar New Year holiday that starts on Friday. The move apparently comes in pre...
S. Korea fines Google over YouTube Premium service

Jan 23, 2020

South Korea's telecommunications regulator said Wednesday it has imposed a fine of 867 million won ($740,000) on Google Limited Liability Corp. for violating local telecom laws in the operation of it...
S. Korea’s 2019 economic growth skids to lowest in decade

Jan 22, 2020

Nation narrowly meets growth target through last-minute fiscal nudge
S. Korea prepared to curb economic fallout from China coronavirus

Jan 22, 2020

South Korea's finance ministry said Wednesday it will make efforts to minimize possible economic fallout from the spread of the China coronavirus amid worries that it could hurt local consumption. V...
Korea's 2019 growth slowest in decade, Q4 expansion faster than expected

Jan 22, 2020

The South Korean economy expanded at the slowest pace in a decade in 2019, largely weighed down by an extended slump in outbound shipments amid a lengthy trade row between the United States and China...
Korea's exports to rebound next month: finance minister

Jan 21, 2020

South Korea's finance minister voiced hope on Tuesday that the nation's exports are likely to post a monthly gain next month. Finance Minister Hong Nam-ki made the remarks as exports fell 0.2 percen...
‘Most CEOs attending WEF pessimistic on 2020 economic growth’

Jan 21, 2020

A majority of corporate honchos attending the annual World Economic Forum in Davos, Switzerland, have given the thumbs down to global economic growth this year, a survey by global accounting and cons...
S. Korea to launch financial data exchange platform in March

Jan 21, 2020

South Korea will test-run a financial data exchange platform in March, enabling users to sell and purchase such data conveniently, the nation’s top financial regulator said Tuesday, in a move seen as...
Banks likely to ease lending to firms, but tighten household loans: poll

Jan 21, 2020

Banks in South Korea will likely expand their lending to local companies, especially small and medium-sized enterprises in the first quarter but tighten their rules on loans to local households, a ce...
Korea's exports down 0.2% in first 20 days of January

Jan 21, 2020

South Korea's exports fell 0.2 percent in the first 20 days of January, marking the lowest rate of decline in a year, as outbound shipments of semiconductors rebounded, data showed Tuesday. The coun...
S. Korea vows to bolster economic cooperation with Russia, Mongolia

Jan 20, 2020

Finance minister foresees economic recovery on back of improvement in external factor and new momentum from regional collaboration
Korea Eximbank to extend W69tr in loans to firms in 2020

Jan 20, 2020

The Export-Import Bank of Korea said Monday that it will extend 69 trillion won ($59.5 billion) in loans to South Korean companies this year to help boost the economy. The figures represent a 16 per...
Korea's exports to Canada surge since launch of FTA

Jan 20, 2020

South Korea's exports to Canada have shot up 14 percent since the implementation of their free trade deal, data showed Monday, despite increased protectionism and the slowing economy around the globe...