The Korea Herald

S. Korea's June 1-10 exports jump 20% on more working days

Jun 11, 2020

SEJONG -- South Korea's exports soared in the first 10 days of June from a year earlier, mainly due to a calendar effect but raised hopes for a recovery in global trade as more nations eased coronavi...
S. Korea to help create more jobs in private sector: finance minister

Jun 11, 2020

South Korea will help private firms create more jobs, Finance Minister Hong Nam-ki said Thursday, in the latest effort to protect jobs that have vanished due to the coronavirus pandemic. The move ca...
State COVID-19 relief funds used mostly for dining out, grocery shopping: ministry

Jun 10, 2020

The state coronavirus relief funds have been spent mostly on dining out and grocery shopping, the interior ministry said Wednesday, based on an analysis of credit card data. The Ministry of Interior...
S. Korea’s economy will face less contraction than peer economies: OECD

Jun 10, 2020

Nation’s economy will only shed 1.2-2.5% in 2020, while global economy will face a 6-7.6 percent contraction
S. Korea suffers steepest job losses in 10 years amid pandemic

Jun 10, 2020

The number of unemployed in South Korea in May hit the highest level in more than a decade as businesses continued to freeze jobs amid the coronavirus pandemic, data showed Wednesday. According to d...
Household debt grows, but rise in corporate loans slows in May

Jun 10, 2020

South Korea's household debt continued to grow at a steady pace in May, but the rise in corporate loans sharply slowed from a month earlier, possibly reflecting ample liquidity for local firms, centr...
Korea's money supply grows by record amount in April

Jun 10, 2020

South Korea's money supply grew by the largest amount ever in April on a sharp increase in funds held by local companies apparently seeking to prepare for the shock from the new coronavirus pandemic,...
Authorities closely monitoring property market

Jun 10, 2020

SEJONG -- South Korea's financial authorities are closely monitoring the property market as ample liquidity could fuel a rise in home prices, Vice Finance Minister Kim Yong-beom said Wednesday. Sout...
S. Korea's jobless rate surges to 10-year high amid pandemic

Jun 10, 2020

SEJONG -- South Korea's jobless rate surged to a 10-year high in May as the coronavirus pandemic hammered job markets, data showed Wednesday. The seasonally adjusted unemployment rate stood at 4.5 p...
World Bank names S. Korea ‘COVID-19 safe spot’

Jun 9, 2020

Multilateral agency cites Seoul’s successful COVID-19 response
Vice finance minister urges National Assembly to swiftly approve 3rd extra budget

Jun 9, 2020

SEJONG -- Vice Finance Minister An Il-whan called Tuesday for the National Assembly to swiftly approve the third extra budget to help revive an economic recovery as the coronavirus pandemic resulted ...
Top 100 firms' Q1 overseas sales fall 10% amid virus

Jun 9, 2020

South Korea's top 100 companies posted a 10 percent on-quarter decline in their overseas earnings in the January-March period due to the new coronavirus impact on industries, an industry association ...
S. Korea to beef up exports of ready-to-eat fishery products amid pandemic

Jun 9, 2020

South Korea said Tuesday it plans to develop new ready-to-eat products utilizing local fishery goods to take advantage of the rising demand for processed food items as more people refrain from dining...
Tax revenue continues to decline in April

Jun 9, 2020

South Korea collected 46.8 trillion won ($38.8 billion) in taxes in April, down 3 trillion won from a year earlier, the finance ministry said Tuesday. Income tax revenue amounted to 6.6 trillion won...
S. Korea's corporate bond sales jump 54% in May

Jun 8, 2020

Corporate bond issues in South Korea soared nearly 54 percent to recover to pre-coronavirus levels in May, with foreign bond holdings hitting a new high, data showed Monday. South Korean companies f...