The Korea Herald

Insurers' financial health improves in Q3

Dec 31, 2020

South Korean insurance companies saw their financial health improve in the third quarter as more profits and share price gains bolstered capital, data showed Thursday. The risk-based capital (RBC) r...
S. Korea's consumer prices grow less than 1% for 3rd month in Dec.

Dec 31, 2020

South Korea's consumer prices grew less than 1 percent for the third straight month in December, data showed Thursday, indicating low inflationary pressure in Asia's fourth-largest economy amid the n...
S. Korea-Britain FTA to be launched this week

Dec 30, 2020

South Korea and Britain plan to kick off their bilateral free trade agreement this week to maintain the continuity of trade activities in line with London's departure from the European Union, the tra...
COVID-19 to worsen S. Korea’s falling birthrate, marriage rate

Dec 30, 2020

The COVID-19 pandemic is projected to add fuel to South Korea’s low birthrate, marriage rate and rapidly increase the nation’s aging population, the central bank said Wednesday. “The pandemic will h...
Food delivery order via bank apps to begin next year

Dec 30, 2020

South Korea’s top financial regulator said Wednesday it will clear regulatory hurdles in the new year to foster convergence between finance and new technologies. According to the Financial Services ...
Corporate direct financing dips 21% in Nov.

Dec 30, 2020

South Korea's corporate direct financing plunged nearly 21 percent in November from the previous month due to a sharp drop in stock sales and a seasonal factor, data showed Wednesday. Local companie...
Industrial output rises, but consumption falls for 2nd month in Nov.

Dec 30, 2020

South Korea's industrial output rose in November from a month earlier on improving exports, but consumption declined for the second straight month amid a resurgence in new coronavirus cases, data sho...
Number of high earners sharply rise: NTS

Dec 29, 2020

The number of employees with total paychecks exceeding 100 million won ($91,400) reached a record high of 852,000 in 2019, up some 50,000 from the previous year, data showed Tuesday. According to th...
Delivery discounts offered to support restaurants, social distancing

Dec 29, 2020

Consumers who order more than 20,000 won ($18.30) on designated delivery apps with a credit card will get 10,000 won as a cash back reward or discount, the government said Tuesday. Currently, seven ...
BOK publishes 70-year history booklet in English

Dec 29, 2020

South Korea’s central bank said Tuesday that it had published an English-language version of a booklet narrating its 70-year history. The Korean version was published in June to mark the Bank of Kor...
[News Focus] In growth of corporate tax, Korea No. 2 in OECD

Dec 29, 2020

Of 35 member nations studied, Korea’s personal income tax grew seventh-fastest
S. Korea unveils W9.3tr virus relief program to help small biz, freelancers

Dec 29, 2020

South Korea has unveiled the third batch of its economic relief package worth 9.3 trillion won ($8.49 billion) to support the country‘s small businesses and contract workers hit hard by the COVID-19 ...
S. Korea's trade terms up for 8th month in Nov.

Dec 29, 2020

South Korea's terms of trade gained for the eight consecutive month in November as import prices fell at a faster clip than export prices, central bank data showed Tuesday. The nation's net terms-of...
S. Korea's consumer sentiment dips in Dec. on pandemic

Dec 29, 2020

South Korea's consumer sentiment fell for the first time in three months in December due to tougher antivirus measures and worsened economic expectations, central bank data showed Tuesday. The compo...
Trade, business with China positive next year: FKI

Dec 28, 2020

A state visit to South Korea by the Chinese leader and the recovery of the world’s second-largest economy will improve trade and business ties between the two countries next year, a report suggested ...