The Korea Herald

Number of corporate credit rating cut hits highest level in 4 years

Dec 28, 2020

The number of South Korean companies that have suffered credit rating downgrades has reached its highest level since 2016 as the COVID-19 pandemic has taken a toll on their finances this year, indust...
11 lenders tapped for won-yuan FX trading in 2021

Dec 28, 2020

South Korea selected a total of 11 banks –- six South Korean and five foreign banks –- as institutions responsible for setting prices for direct won-yuan transactions next year, financial authorities...
Number of corporate rating downgrades hits 4-year high

Dec 28, 2020

South Korean companies have suffered the most credit rating downgrades in 2020 in four years in the wake of the coronavirus pandemic, data showed Monday. Three major credit appraisers here -- NICE I...
FSS chief apologizes for fund fiasco, urges banks to cut dividend payouts amid pandemic

Dec 25, 2020

The chief of South Korea’s financial market watchdog said Wednesday he feels sorry for causing public concern over the massive fiasco surrounding Lime Asset Management, which the regulator‘s employee...
BOK to keep monetary easing in 2021 to support economic recovery

Dec 25, 2020

The Bank of Korea (BOK) said Friday it will maintain an accommodative monetary policy next year to help the nation's economic recovery from the pandemic, but it will closely watch the side-effects of...
[News Focus] More Koreans giving up looking for jobs

Dec 24, 2020

Tally for female discouraged workers hits record-high
[Women in Finance 6] Breaking the gender mold for diverse thinking, healthy finance

Dec 24, 2020

Experts say more female leaders not enough, urge corporate efforts to discover and mentor high-performing women, remove gender bias and accept who they are
Korea's financial market faces risks over surging debts, virus resurgence: BOK

Dec 24, 2020

South Korea's central bank on Thursday raised alert about escalating risks to the financial system, pointing out household and corporate loans that have continued to surge in the wake of a protracted...
S. Korean public sector debt grows at fastest pace in 5 years in 2019

Dec 24, 2020

South Korea's public sector debt climbed at the fastest clip in five years in 2019 to exceed the 1,100 trillion-won ($1 trillion) mark, the government said Thursday. The country's public sector debt...
S. Korea's top 3 shipyards fare relatively well despite pandemic

Dec 24, 2020

Despite the fallout of the coronavirus pandemic, South Korea's big three shipbuilders have fared relatively well this year as they clinch a majority of global orders for liquefied natural gas (LNG) s...
30% of COVID-19 relief funds spent on boosting consumption: KDI

Dec 23, 2020

Around 30 percent of the COVID-19 relief funds universally handed out by the government in May were spent to boost sluggish domestic consumption, with the rest used for debt payments or savings, a st...
S. Korea to control abuse of chemicals in meat, fishery products

Dec 23, 2020

South Korea said Wednesday it plans to adopt the positive list system (PLS) to regulate the maximum residue limit of chemicals in meat and fish products in 2024. Under the measure, South Korea will ...
Government to supply 460,000 housing units in 2021

Dec 22, 2020

Finance Minister Hong Nam-ki said Tuesday that the government will provide 460,000 housing units next year, while strengthening monitoring on manipulation attempts in the real estate market. “If the...
Producer prices stay flat in November

Dec 22, 2020

South Korea‘s producer prices were unchanged in November as a rise in prices of livestock and fishery goods was offset by falling prices of farm goods, central bank data showed Tuesday. The producer...
S. Korea's service sector sales grow 2.2% in 2019

Dec 22, 2020

Sales of South Korea's service industry grew at the slowest pace in six years in 2019 due to weaker oil prices and consumer sentiment, government data showed Tuesday. Service sector sales came to 2,...