The Korea Herald

Exports of virus-related medical goods sharply up in 2020

Apr 1, 2021

South Korea's exports of test kits for the new coronavirus, protective masks and other virus-related goods sharply increased last year amid the pandemic, data showed Thursday, with the country planni...
Tax agency launches probes into property-related tax evasion

Apr 1, 2021

South Korea's tax agency said Thursday it has launched probes into suspected tax evasion by 165 people and entities that sought to take profit from speculative or illegal property transactions. The ...
Exports up for 5 months in Feb., recovery likely to be further extended

Apr 1, 2021

South Korea's exports advanced 16.6 percent in March from a year earlier on the back of solid demand for chips and autos to extend their gains for the fifth consecutive month, data showed Thursday, s...
S. Korea to boost eco-friendly energy tech to achieve carbon neutrality by 2050

Mar 31, 2021

South Korea said Wednesday it aims to acquire core technologies in eco-friendly energy sectors, such as highly-efficient solar panels and large-scale wind turbines, to reach carbon neutrality by 2050...
S. Korea sees limited chance of inflation exceeding BOK's 2% target

Mar 31, 2021

South Korea's consumer prices are not expected to sharply rise to top the central bank's 2 percent target even as the country faces upward inflationary pressure, a senior government official said Wed...
S. Korea launches committee on carbon neutrality in transport sector

Mar 31, 2021

South Korea said Wednesday it has launched a committee on carbon neutrality with automobile firms in line with efforts to effectively reduce carbon emissions to zero by 2050. The committee will pave...
BOK's green efforts rank 13th among G20 peers: report

Mar 31, 2021

Despite advocacy work on climate action, the Bank of Korea turned out to have lagged behind major economies in terms of concrete policy actions to limit financing for businesses with climage-related ...
Trade terms up for 11th straight month in February

Mar 31, 2021

South Korea's terms of trade rose for the 11th consecutive month in February, as exports have shown signs of a gradual recovery, central bank data showed Wednesday. The nation's net terms-of-trade i...
Loss rate for auto insurance drops in 2020 amid pandemic

Mar 31, 2021

Non-life insurers' loss rate for their car insurance businesses dropped last year, thanks to fewer car accidents amid the COVID-19 pandemic, data showed Wednesday. The nation's 12 non-life insurers ...
BOK's US dollar assets decline in 2020

Mar 31, 2021

South Korea's central bank said Wednesday the portion of its US dollar-denominated assets in its overall foreign assets declined last year due to the weakness of the greenback. At the end of last ye...
Finance minister sees improvement in domestic demand, job market

Mar 31, 2021

Finance Minister Hong Nam-ki has forecast domestic demand and the job market will gradually improve as the country is on a recovery track amid the pandemic, the finance ministry said Wednesday. Hong...
NPS, other state funds stay big net sellers of stocks in Q1

Mar 31, 2021

South Korea's national pension and other state funds sold more than 15 trillion won ($13.2 billion) worth of shares in the first quarter of the year due to their portfolio rules, data showed Wednesda...
Manufacturers' biz sentiment rises for 3rd month for April

Mar 31, 2021

South Korean manufacturers' business sentiment rose for the third straight month for April, but concerns about sluggish consumption remained amid the COVID-19 pandemic, central bank data showed Wedne...
Economic recovery gathers steam as industrial output growth at 8-month high in Feb.

Mar 31, 2021

South Korea's industrial output grew at the fastest pace in eight months in February to recover to pre-pandemic levels, data showed Wednesday, in the latest sign that the economy is on a recovery tra...
S. Korea's state budget likely to exceed W600tr next year

Mar 30, 2021

The government will keep its expansionary fiscal policy stance next year to support the recovery of the coronavirus-hit economy, the government said, hinting at another mega budget exceeding 600 tril...