The Korea Herald

Listed firms' earnings outlooks swing to upturn

Jun 8, 2020

Earnings forecasts for South Korea's listed firms rebounded from a long downturn last week amid rising hopes for their possible exit from the coronavirus shock, a market tracker said Monday. Compani...
S. Korea faces prolonged economic contraction: KDI

Jun 7, 2020

Despite some recovery on the back of the government’s expansionary fiscal moves, South Korea’s economy is continuing to contract, as the negative impact of COVID-19 spreads across all industries, a s...
[News Focus] Is it time to recalibrate the Korean won?

Jun 7, 2020

Among OECD members, Korea’s dollar exchange rate second only to Colombia’s
Global economy seen to contract 4% this year: poll

Jun 7, 2020

Business lobby groups in 18 countries forecast the global economy to contract 4 percent this year due to the impact of the new coronavirus outbreak, a South Korean industry association said Sunday. ...
S. Korea's exports of EVs, ships to EFTA gain on free trade deal

Jun 5, 2020

South Korean exports of electric vehicles and ships to the European Free Trade Association (EFTA) gained momentum in 2019 on the back of a bilateral free trade agreement, Seoul's trade ministry said ...
S. Korea sees largest current account deficit in 9 years in April

Jun 4, 2020

South Korea in April saw its largest current account deficit in nearly a decade, with the COVID-19 pandemic dealing a blow to the nation’s trade, data from the central bank showed Thursday. The expo...
S. Korea to allow forex delivery, commercialize drone taxis

Jun 4, 2020

Govt. pushes deregulatory efforts to revive virus-hit economy
FSC replaces 3 senior deputy governors at FSS

Jun 4, 2020

South Korea’s financial regulator said Thursday it had replaced three senior deputy governors at the Financial Supervisory Service, appointing the incumbent head of the Korea Financial Intelligence U...
NTS launches tax evasion probe into Starbucks Korea

Jun 4, 2020

The National Tax Service has launched a special probe into allegations of tax evasion by Starbucks Korea, according to local media outlets Thursday. The Seoul office of the NTS has conducted an irre...
S. Korea to allow consumers to get foreign currencies via delivery service

Jun 4, 2020

SEJONG -- South Korea will allow consumers to get foreign currencies via a no-contact delivery service if they change the Korean won into foreign currencies through a digital platform, Finance Minist...
S. Korea suffers largest current account deficit in nearly decade in April

Jun 4, 2020

South Korea suffered the largest current account deficit in almost a decade in April due mainly to a sharp decline in exports caused by the coronavirus pandemic, central bank data showed Thursday. T...
S. Korean economy could contract over 2% in Q2: finance minister

Jun 3, 2020

South Korea‘s economy may contract by more than 2 percent in the second quarter of this year as the country reels from the effects of the coronavirus pandemic, the country’s top economic policymaker ...
Extra budget to push debt-GDP ratio to record-high, rattle fiscal soundness

Jun 3, 2020

Despite the rosy picture painted by the government about its third supplementary budget of 35.3 trillion won ($29 billion) announced Wednesday, concerns are rising about the nation’s fiscal soundness...
S. Korea unveils W35.3tr extra budget plan to brace for post-coronavirus era

Jun 3, 2020

‘Mega-sized budget’ proposed to normalize virus-hit economy, deputy PM dismisses concerns on fiscal aggravation
Korean companies' revenue, profitability down in 2019

Jun 3, 2020

South Korean businesses suffered a heavy setback in their profits last year due to a sharp decline in sales partly caused by a prolonged trade dispute between the United States and China, central ban...