The Korea Herald

Retail giants' sales dip over 2tr won this year amid pandemic: poll

Oct 19, 2020

Combined sales by South Korea's retail giants are estimated to have declined more than 2 trillion won ($1.75 billion) on-year in the first nine months of this year on the fallout of the COVID-19 pand...
S. Korea eyes duty-free cap on overseas direct buying

Oct 19, 2020

South Korea may set an annual ceiling on duty-free direct purchases from foreign countries by its citizens starting in 2022, officials said Monday. The Korea Customs Service (KCS) has recently broac...
S. Korea's national debt to jump over next 4 years: report

Oct 19, 2020

South Korea's national debt is expected to soar over the next four years, which may have a negative impact on the country's creditworthiness, a report said Monday. In particular, Seoul's interest-be...
S. Korea to resume distribution of coupons for museums, theaters, sports facilities

Oct 18, 2020

The government will begin distribution of a series of discount coupons this week to spur consumption in the live performance, film and sports industries hit-hard by the coronavirus pandemic, official...
South Korea’s trade dependency slips in 2019 amid sluggish reports

Oct 18, 2020

South Korea saw its trade dependency level slip for the first time in three years in 2019, as its export volume dropped amid global factors, data showed Sunday. The country’s trade dependency index ...
[News Focus] Online shopping turnover for cooked food up 82% on-year

Oct 18, 2020

He predicted a further increase in the coming months and years, citing a 21.4 percent climb only in a month. Compared to 1.37 trillion won in July, the turnover for August rose by 295.1 billion won. ...
Korean Air seeks to sell assets to secure more cash

Oct 18, 2020

South Korea's top full service carrier Korean Air Lines Co. is seeking to raise an additional 1.5 trillion won ($1.3 billion) in cash to overcome a prolonged, industrywide slump amid the pandemic, in...
S. Korea to resume discount coupon scheme to boost domestic consumption

Oct 18, 2020

Resumed program draws epidemic concerns, skepticism on long-term effects
Korean shippers tipped to see strong earnings in Q3

Oct 18, 2020

South Korean shippers, led by industry leader HMM Co., are forecast to post strong earnings in the third quarter of the year on the back of increased fare and a drop in fuel costs, industry sources s...
[Contribution] Green New Deal, a meaningful initiative to drive green economy

Oct 18, 2020

"Where does Korea stand in tackling climate change? Going forward, what path should we take next to ensure sustainable growth while Korea’s growth model has once led to a successful industrialization...
Korean economy's trade reliance at 3-yr low: data

Oct 18, 2020

South Korea's reliance on trade reached the lowest in three years last year due to a slump in overseas sales, data showed on Sunday. According to the data compiled by Statistics Korea, the reliance ...
Resurgence of COVID-19 drives unemployment to new high

Oct 16, 2020

South Korea shed nearly 400,000 jobs last month as a resurgence of coronavirus cases weighed on the labor market recovery, data showed Friday. The number of employed people in Asia’s fourth-largest ...
S. Korea's power sales hit 4-year low in Aug.

Oct 16, 2020

South Korea's electricity consumption fell to a four-year low in August in the wake of the coronavirus pandemic and a long rainy season, data showed Friday. Power sales in Asia's fourth-largest econ...
S. Korea to introduce multiple voting rights for non-listed venture startups

Oct 16, 2020

SEJONG -- South Korea's finance minister said Friday that the government plans to introduce multiple voting rights for non-listed venture startups to help shareholders strengthen their control over c...
Woori Bank sells AU$400m in bonds in Australia

Oct 16, 2020

Major South Korean lender Woori Bank said Friday it has issued AU$400 million ($283 million) in bonds in Australia as part of efforts to help coronavirus-hit South Korean firms and finance eco-friend...