The Korea Herald

S. Korea to unveil steps to curb inflation ahead of Chuseok holiday: official

Aug 20, 2021

South Korea plans to unveil a set of measures later this month to stabilize consumer prices ahead of next month's fall harvest Chuseok holiday, a senior government official said Friday. First Vice F...
Producer prices up for 9th month in July

Aug 20, 2021

South Korea's producer prices gained 0.7 percent on-month in July due to a modest rise in prices of food and energy, extending their monthly gains for the ninth straight month, central bank data show...
Listed firms' H1 earnings more than triple amid global economic recovery

Aug 19, 2021

South Korea's listed companies saw their earnings more than triple in the first half of 2021 from a year earlier as the global economic recovery from the pandemic steeply increased their sales, data ...
S. Korea’s conflict index ranks 3rd among OECD countries: report

Aug 19, 2021

The level of national conflicts in South Korea ranked third among members of the Organization for Economic Cooperation and Development, raising calls for government efforts to strengthen its conflict...
S. Korea's overseas financial assets touch new high in Q2

Aug 19, 2021

South Korea's overseas financial assets hit a new high in the second quarter, mainly due to increased stock investments, central bank data showed Thursday. The nation's external financial assets cam...
[News Focus] Korea ranks 12th of 15 OECD members in Q2 growth

Aug 19, 2021

Major developed countries bouncing back faster
Household income falls in Q2 on higher base effect

Aug 19, 2021

South Korean household income declined in the second quarter from a year earlier due to last year's high base after the government doled out massive pandemic relief funds to all households the previo...
Tax probe underway for property-related tax evasion involving minors

Aug 19, 2021

South Korea's tax agency said Thursday it has launched probes into suspected tax evasion by 97 young people who acquired houses through undue wealth transfers from their parents. The National Tax Se...
Complaints against financial firms decline 7% in H1

Aug 19, 2021

The number of consumer complaints against financial firms fell 7 percent on year in the first-half of this year, official data showed Thursday. The Financial Supervisory Service (FSS) said it receiv...
Nominee for financial regulator hints at tougher measures to curb household debt

Aug 18, 2021

South Korea plans to unveil additional measures to curb a sustained increase in household debt, if needed, by mobilizing all available policy means, the nominee for the financial regulator has said. ...
South Korea’s potential growth on downhill for decades

Aug 18, 2021

South Korea’s potential growth rate has declined for decades, reflecting the nation’s aging society, slowing capital accumulation and changing job market, a think tank report showed Wednesday. Asia’...
Steelmakers in talks with shipbuilders over price hike

Aug 18, 2021

South Korean steelmakers appear to be in the final stage of negotiations with shipbuilders over prices of thick steel plates, people familiar with the matter said Wednesday. Posco, the country's lar...
SK REIT eyes stock market debut in Sept.

Aug 18, 2021

The real estate investment trust (REIT) unit of SK Group, South Korea's No. 3 conglomerate, said Wednesday it will carry out an initial public offering in September. SK REIT said it will sell 46.5 m...
Hyundai to cut output at US plant on chip shortage

Aug 18, 2021

South Korea's Hyundai Motor Co. said Wednesday it will reduce production at its US plant this week due to a chip shortage. Hyundai Motor will cut vehicle production at the Alabama plant from Tuesday...
Auto exports down 2.9% amid shortages of automotive chips

Aug 18, 2021

South Korea's exports of automobiles edged down 2.9 percent in July from a year earlier as the global supply shortages of automotive chips hindered production, data showed Wednesday. Outbound shipme...