The Korea Herald

ADB expects S. Koran economy to contract 1% this year amid pandemic

Jun 18, 2020

The Asian Development Bank (ADB) on Thursday sharply revised down its 2020 growth estimate for South Korea, along with that for the entire Asian region, expecting Asia's fourth-largest economy to shr...
Trading soars with 22 nations that participated in Korean War

Jun 18, 2020

South Korea's trading volume with 21 countries that participated in the 1950-53 Korean War soared in the past 60 years on its economic growth and increased establishment of diplomatic ties with them,...
S. Korea to levy tax on cryptocurrency: finance minister

Jun 17, 2020

South Korea plans to impose tax on cryptocurrency, the country's finance minister said Wednesday, adding that his ministry will announce the details next month. The government "has continued to real...
S. Korea rolls out stricter regulations to cool heated housing market

Jun 17, 2020

Tighter mortgage rules, expansion of regulated areas and measures to halt speculative buying to take effect
NK demolition to have limited impact on financial market: officials

Jun 17, 2020

North Korea’s recent demolition of the inter-Korean liaison office in Kaesong will have a limited impact on the domestic financial market, South Korea’s fiscal and monetary authorities said Wednesday...
S. Korea to further tighten lending rules, expand regulated areas to curb rising home prices

Jun 17, 2020

South Korea said Wednesday that it will further tighten lending rules and designate more areas subject to tighter regulations in an effort to stem a further rise in housing prices. The government al...
S. Korea to brace for growing inter-Korean tension

Jun 16, 2020

South Korea will take steps to minimize negative economic fallout caused by North Korea's explosion of the inter-Korean liaison office, the country's finance minister said Tuesday. In the afternoon,...
S. Korea’s global competitiveness ranking climbs 5 spots to 23rd

Jun 16, 2020

Fastest on-year climb in 20 years on improved government, business efficiencies
S. Korea to reinforce rules against real estate speculation

Jun 16, 2020

Govt. set to unveil 21st set of measures this week, zeroes in on ‘gap investment’
Top investment banks upgrade Korea’s growth forecasts

Jun 16, 2020

Major foreign investment banks and institutions have revised their economic growth outlook for South Korea, data showed Tuesday. According to the Korea Center for International Finance, nine fore...
FX deposits hit 26-month high in May amid pandemic-caused uncertainties

Jun 16, 2020

Foreign currency deposits at banks in South Korea surged to the highest amount in over two years last month, central bank data showed Tuesday, amid pandemic-triggered uncertainties that apparently pr...
Korean economy tipped to shrink 0.4% in 2020 on virus: IBs

Jun 16, 2020

Major foreign investment banks (IBs) and economic institutes have forecast South Korea's economy to shrink in 2020 due to the fallout of the fast-spreading novel coronavirus, a report showed on Tuesd...
S. Korea vows financial support to boost overseas infrastructure orders

Jun 15, 2020

Seoul to set up funds worth 3.7 trillion won to help companies clinch orders this year
S. Korea, Cambodia to launch free trade talks in July

Jun 15, 2020

South Korea is seeking to launch negotiations for a bilateral free trade agreement with Cambodia next month, hoping to increase its economic influence in Southeast Asia, according to top officials Mo...
BOK launches legal team to research digital currency

Jun 15, 2020

The Bank of Korea on Monday officially launched a legal team to help smooth the launch of a central bank digital currency and cryptocurrencies rolled out by central banks. The formation of the six-m...