The Korea Herald

안녕하세요 Chung Joo-won 기자입니다.

Articles by Chung Joo-won

KEB Hana Bank sets sail as No. 1 lender

Sept 1, 2015

KEB Hana Bank, the result of a merger between Korea Exchange Bank and Hana Bank, was launched on Tuesday, vowing to lead the banking industry with stronger asset management services. Hana Financial ...
[Graphic News] Korea tops in ratio of enterprises to GDP

Aug 11, 2015

Korea is overflowing with small-scale and self-employed businesses amid a shortage of high-quality jobs, data showed Tuesday. According to a report released by the Organization of Economic Cooperati...
Korea’s per capita GDP may shrink in 2015

Jul 27, 2015

By Chung Joo-won South Korea’s per capita gross domestic product this year may fall for the first time in six years on the weak won and lackluster growth, a private think tank said Monday. The LG E...
BOK sees W1.8tr loss on gold price plunge

Jul 26, 2015

By Chung Joo-won South Korea’s central bank reported a 1.8 trillion won ($1.54 billion) loss as record-low international gold prices devalued its reserve, the parliamentary finance committee reveale...
Part-time labor market gets harsher on slow economy

Jul 20, 2015

By Chung Joo-won The growth of Korean part-timers’ monthly income in the second quarter slowed to a three-year low, an online job-matching portal revealed Monday. Alba Paradise chief executive Choi...
South-North economic gap widens further

Jul 17, 2015

By Chung Joo-won North Korea’s gross national income reached 34.2 trillion won ($29.8 billion) last year, about 2.3 percent of that of South Korea, data showed Friday. According to the Bank of Kore...
Korea Investment mulls acquisition of KDB Daewoo

Jul 16, 2015

Korea Investment & Securities Co. is considering acquiring KDB Daewoo Securities, the nation’s second-largest brokerage by capital, industry sources said Thursday. The firm is weighing the bidding c...
Fitch maintains Korea’s rating

Jul 14, 2015

Fitch Ratings Inc., one of the world’s major credit raters, Tuesday maintained Korea’s sovereign ratings at “AA-” and long-term outlook at “stable,” citing the country’s solid growth and strong contr...
Hana, KEB union agree on merger

Jul 13, 2015

The Hana Financial Group building is reflected in the window of a KEB office in Seoul. (Yonhap) Hana Financial Group and the Korea Exchange Bank labor union reached an agreement on the Hana Bank-KEB...
Tobacco tax revenue jumps 38% in H1

IndustryJul 12, 2015

Tax revenue from tobacco sales grew 38 percent in six months after the government-led tobacco price hike, while the sales volume dropped considerably, the Finance Ministry data revealed Sunday. In t...
JTI launches neon Camel

IndustryJul 12, 2015

Camel Color Neon Edition. (JTI Korea) Japan Tobacco International Korea on Sunday launched the latest limited edition of Camel in iconic neon packing designs. Camel Color Neon Edition comes in four...
Korea cuts growth outlook to 2.8%

Jul 9, 2015

The Bank of Korea on Thursday revised its outlook on the nation’s gross domestic product growth down to 2.8 percent from its earlier forecast of 3.1 percent, citing weaker-than-expected consumer sent...
FSC to slash private loan interest rates

Jul 8, 2015

The regulator plans to slash the maximum interest rate that nonbanking lenders can charge. The Financial Services Commission recently investigated several private lenders, to find that their borrowi...
Household debt hits record high in May

Jul 7, 2015

South Korea’s household debt hit a record high in May, although its monthly growth rate has slowed considerably due to a sharp drop in household bank loans, the central bank reported Tuesday. Accord...
KOSPI gains rank 10th among G20 nations in first half

Jul 6, 2015

Korea’s benchmark stock price index recorded the 10th biggest gain among the Group of 20 economies in the first half, up nine notches in six months, the Korea Exchange revealed Monday. The Korea Com...