The Korea Herald

Producer prices up for 4th month in February

Mar 24, 2021

South Korea's producer prices rose 0.8 percent on-month in February on a modest rise in oil prices, extending their monthly gains for the fourth straight month, central bank data showed Wednesday. T...
S. Korea to ‘flexibly’ intervene in bond market if necessary: vice minister

Mar 23, 2021

Nodding toward the latest global market jitters caused by a sudden spike in US bond yields, South Korea’s vice finance minister vowed Tuesday to “flexibly intervene” if market volatility increases. ...
Boardrooms at banking groups under pressure for change

Mar 23, 2021

Critics blame boardroom members for failing to keep execs in check, question their reappointments
S. Korea's trade deficit in intellectual property rights widens in 2020

Mar 23, 2021

South Korea's deficit in the trade of intellectual property rights widened in 2020 from a year earlier as patent payments by firms increased, central bank data showed Tuesday. The nation's deficit i...
S. Korea to build 2 hydrogen repository facilities

Mar 23, 2021

South Korea said Tuesday it plans to build two facilities that collect by-product hydrogen and transport the resource in an effort to further boost the country's green energy drive. The country will...
S. Korea's biz confidence gains for 9th month in Feb.: OECD

Mar 23, 2021

South Korea's business confidence climbed for the ninth consecutive month in February amid growing hopes of an economic recovery, a poll by the Organization for Economic Cooperation and Development (...
Majority of Koreans pessimistic about job market this year: survey

Mar 22, 2021

More than half of South Koreans believe that the nation’s labor market will further deteriorate this year, compared with the conditions before the COVID-19 pandemic, a survey conducted by a think tan...
Household income surplus surges as people cut spending

Mar 22, 2021

South Korea’s household income surplus increased sharply last year as people tightened their belts to weather the protracted economic slowdown triggered by the COVID-19 pandemic, data showed Monday. ...
Imported commercial car sales fall 24% in February

Mar 22, 2021

Sales of imported commercial vehicles in South Korea fell 24 percent in February from a year earlier on lower demand amid the extended coronavirus pandemic, an industry association said Monday. The ...
S. Korea to raise W400b for tech innovation fund

Mar 22, 2021

South Korea said Monday it plans to raise 400 billion won ($354 million) through 2024 to support businesses seeking to innovate their products and services by utilizing high-end technologies. The fi...
S. Korea's pet fish market to grow 35% by 2025

Mar 22, 2021

South Korea said Monday it will seek to expand the size of the local pet fish market by 35 percent through 2025 by developing more homegrown species while encouraging the public to adopt them. Under...
S. Korea's exports grow 12.5% in first 20 days of March

Mar 22, 2021

South Korea's exports rose 12.5 percent on-year in the first 20 days of March on robust shipments of chips and autos amid the pandemic, customs data showed Monday. The country's outbound shipments s...
S. Korea to participate in W600b Indonesian airport project

Mar 21, 2021

South Korea's main airport operator said Sunday it will participate in a 600 billion-won ($530 million) airport development project in Indonesia. The Incheon International Airport Corp. (IIAC) has f...
Cargo volume at seaports down 2.3% in Feb.

Mar 21, 2021

The volume of cargo processed at South Korea's seaports declined 2.3 percent in February from a year earlier, data showed Sunday, amid economic jitters caused by the new coronavirus pandemic. Local ...
Seoul stock market to suffer volatility next week on reverberating rate hike woes

Mar 20, 2021

South Korean stocks are likely to suffer an extended choppy trading next week as concerns about the rising US Treasury yields are expected to be eclipsed by simmering hopes for quicker-than-expected ...