The Korea Herald

S. Korea takes aim at Gyeonggi to curb housing prices

Feb 20, 2020

Gov’t tightens loan rules for expensive houses in Suwon, Anyang, Uiwang
[News Focus] Number of de facto jobless up 440,000 in 2 months

Feb 20, 2020

Compared with two months earlier, the number of de facto unemployed Koreans surged by 440,000 in January from 3.14 million in November. The extended jobless rate, which reflects the people who are u...
Vice finance minister briefs US investors, credit raters on Korean economy

Feb 20, 2020

Vice Finance Minister Kim Yong-beom briefed US investors and officials from credit rating firms in New York on South Korea’s economic situation and government policies, the Ministry of Economy and Fi...
S. Korea's trade with Vietnam up 16.5% annually since FTA

Feb 20, 2020

South Korea's trade with Vietnam has expanded 16.5 percent annually since the two countries implemented a free trade agreement in 2015, data showed Thursday. The combined trade volume between the tw...
S. Korea goes all-out to boost exports amid new coronavirus spread

Feb 20, 2020

SEJONG -- South Korea said Thursday it plans to utilize all necessary measures to help local firms weather the economic fallout from the new coronavirus. In January, South Korea's exports fell 6.1 p...
Refiners, chemical firms feared to take further hit from virus

Feb 20, 2020

The new coronavirus outbreak is expected to deal a fresh blow to South Korean oil refiners and chemical makers already reeling from worsening profits, industry sources said Thursday. The pessimistic...
S. Korea's economic growth nearly halves in past 2 decades

Feb 20, 2020

South Korea's economic growth rate has nearly halved in the past two decades due to low productivity and regulations, a local think tank said Thursday. South Korea's economy grew an average of 5 per...
S. Korean producer prices edge up in Jan.

Feb 20, 2020

South Korea's producer prices inched up in January from the prior month due to the increased cost of farm and fishery goods, central bank data showed Thursday. The producer price index for all commo...
S. Korea's IPOs up 22% in 2019

Feb 19, 2020

The value of South Korea's initial public offerings rose 22.8 percent in 2019 from a year earlier, data showed Wednesday. IPO proceeds came to 3.21 trillion won ($2.69 billion) last year, compared w...
[News Focus] Korea’s household debt surges 100% in a decade

Feb 18, 2020

Key rate still set at all-time low of 1.25% since Oct. 2019
World Bank to highlight Korea’s economy, technology

Feb 17, 2020

The World Bank will host a special event that highlights South Korea’s economy and innovative technology this week with the Korean government dispatching a special delegation, the Ministry of Economy...
Moody's cuts S. Korea's 2020 growth outlook to 1.9% over virus fallout

Feb 17, 2020

Ratings agency Moody's on Monday cut its forecast for South Korea's 2020 economic growth to 1.9 percent from 2.1 percent, citing the economic fallout of the new coronavirus. The latest forecast by M...
14 online sellers of face masks involved in illegal practice: FTC

Feb 17, 2020

SEJONG -- The country's anti-trust regulator said Monday it has found 14 online sellers of face masks in possible violation of fair trade laws, amid surging demand for protective masks over the sprea...
S. Korea's monetary policy must maintain accommodative stance: regional think-tank

Feb 17, 2020

SEJONG -- South Korea must maintain its accommodative policy stance as it seeks to prop up a slowing economy amid muted inflationary pressure, a regional think-tank said Monday. "Given ample fiscal ...
Owners of high-priced homes up 30 percent in Jamsil

Feb 16, 2020

The number of taxpayers owning expensive homes, subject to higher property tax, surged at the fastest pace in Jamsil, southern Seoul, data showed Sunday. The number of home owners who paid comprehen...