The Korea Herald

[Feature] Amid market transition, Korea’s bank unions want bigger role, power

Mar 3, 2020

Spurred by IBK case, unions seek representation on board, more leverage
Korea's Q4 economic expansion faster than expected, annual growth unchanged

Mar 3, 2020

South Korea's economy grew slightly faster than expected in the fourth quarter of 2019, although this had no effect on the overall economic expansion for last year, central bank data showed Tuesday. ...
Korea's consumer prices up 1.1% on-year in Feb.

Mar 3, 2020

South Korea's headline inflation rose 1.1 percent in February from a year earlier, marking an increase of over 1 percent for the second straight month, the statistics agency said Tuesday. The inflat...
OECD cuts outlook for S. Korea amid coronavirus impact

Mar 2, 2020

OECD cuts Seoul’s growth pace to 2%, global figure to 2.4%, in interim outlook
Govt. will submit extra ‘coronavirus’ budget bill this week

Mar 2, 2020

Budget will far surpass W6.2tr allocated for MERS crisis in 2015
Watchdogs mull stricter short selling regulations

Mar 2, 2020

Amid foreign investors’ massive short sales, need for stricter rule raised; FSS, FSC differ in views
[News Focus] Korean won loses ground to major currencies

Mar 1, 2020

Capital market reflects President Moon’s coronavirus policy
Economic indexes for Feb. to plunge amid coronavirus outbreak

Feb 28, 2020

South Korea’s economic indexes for February could plunge drastically, taking the full impact of the coronavirus outbreak, the government said Friday. “The fast-spreading COVID-19 is increasingly wei...
NTS to capture mask filter manufacturers with illegal profiteering amid virus outbreak

Feb 28, 2020

South Korea’s tax agency said Friday that it had begun inspections of mask filter manufacturing companies to prevent illegal profiteering amid the new coronavirus outbreak. The National Tax Service ...
Rate cut predicted in April due to virus fallout: analysts

Feb 28, 2020

South Korea's central bank is likely to cut the policy rate in April amid concerns that the spreading novel coronavirus outbreak will hurt Asia's fourth-largest economy, analysts here said Friday. T...
Banks' lending rates slightly drop in Jan.

Feb 28, 2020

Lending rates on fresh loans extended by banks in South Korea dropped slightly from a month earlier in January, central bank data showed Friday. The average interest rate on all new bank loans came ...
S. Korea offers to bear 50% of rent discounts amid coronavirus fallout

Feb 27, 2020

Korea seeks to ease burden of property owners in pain-sharing gesture
[News Focus] Employment falls in almost all age groups

Feb 27, 2020

SEJONG -- The tight hiring market has been a point of contention over the past two or three years, though the Moon Jae-in administration has continued to express a strong commitment to job creation a...
BOK freezes rate despite coronavirus, lowers growth outlook

Feb 27, 2020

Central bank refrains from drastic easing actions, citing uncertainties
S. Koreans' work hours edge down in 2019

Feb 27, 2020

Average work hours in South Korea decreased 0.5 percent last year as the country enforced a shorter workweek system, government data showed Thursday. According to the Ministry of Employment and Labo...