The Korea Herald

Wine imports hit record-high in H1 over growing drinking-at-home culture

EconomyJul 29, 2021

Wine imports to South Korea hit an all-time high in the first half of this year, with a growing number of people enjoying drinking at home due to the prolonged pandemic, data showed Thursday. Accord...
S. Korea vigilant of market volatility from virus, Fed's policy: official

EconomyJul 29, 2021

South Korea will closely monitor the financial market as market volatility could increase from a spike in virus cases and talks of an early tapering of the Federal Reserve's bond purchase, a senior g...
S. Korea to spend over W5tr in supporting chips, 2 other sectors next year

EconomyJul 29, 2021

South Korea's top economic policymaker said Thursday the government plans to spend more than 5 trillion won ($4.3 billion) in supporting chips, bio-health and next-generation vehicle sectors next yea...
Biz sentiment falls for August amid pandemic: poll

EconomyJul 29, 2021

South Korea's business sentiment fell for August due to deteriorating profitability in the restaurant, accommodation and service industries amid the extended coronavirus pandemic, a local think tank ...
Seoul stocks open higher on robust earnings, FOMC results

MarketsJul 29, 2021

South Korean stocks opened higher Thursday as investor sentiment improved over optimism for strong corporate earnings and the US Fed's assurance that tapering would require more recovery from the pan...
LG Electronics completes $453.3m stake sale to create JV with Magna

MoneyJul 28, 2021

LG Electronics has completed the sale of a 49 percent stake in its electric vehicle part splitoff for $453.3 million to create a joint venture with Magna International‘s Austrian arm, a filing showed...
Hangover drink maker seeks W596.9b IPO as Korean PEs eye exit

MoneyJul 28, 2021

HK inno.N, South Korean pharmaceutical firm and maker of popular hangover drink Condition, is poised to raise 596.9 billion won ($516.6 million) in a forthcoming two-day initial public offering until...
Seoul stocks edge up after choppy trading amid China uncertainties

MarketsJul 28, 2021

South Korean stocks edged up Wednesday after a choppy session as hopes of strong corporate earnings pared investors' concerns about China's move to regulate tech firms. The Korean won fell against th...
Trade terms fall for 3rd month in June

EconomyJul 28, 2021

South Korea's terms of trade fell for the third consecutive month in June due to a rise in prices of imported goods, central bank data showed Wednesday. The nation's net terms-of-trade index for goo...
Population mobility falls for 6th month in June

EconomyJul 28, 2021

The number of South Koreans who moved to different residences in the country fell for the sixth straight month in June amid a heated housing market, data showed Wednesday. The number of people who c...
S. Korea expands open banking ecosystem, invites fintech firms

EconomyJul 28, 2021

South Korea's financial authority said Wednesday it plans to expand the ecosystem of the so-called open banking platform by inviting users of fintech services, allowing more people to enjoy simpler f...
E-mart’s profitability to surge after Starbucks Korea acquisition: analysts

MarketsJul 28, 2021

Acquiring additional shares in Starbucks Korea could boost E-mart’s operating profit to near 1 trillion won ($864.4 million) within years, analysts said Wednesday. Several analysts praised E-mart’s ...
Number of young stock investors triples in 18 months: KB Securities

MarketsJul 28, 2021

Amid the continuing market frenzy surrounding stocks, the number of young retail investors in South Korea has surged more than three times over the past 18 months, a local brokerage’s recent data sho...
Minister warns housing market may face sharper-than-expected price correction

EconomyJul 28, 2021

South Korea’s fiscal policy chief said Wednesday that the nation’s heated housing market may see a sharper-than-expected drop in prices in the near-future, with the possibility of an interest rate hi...
S. Korea maintaining stable supply of livestock products amid summer heat

EconomyJul 28, 2021

South Korea's agricultural ministry said Wednesday the recent scorching summer heat has had a limited impact on the supply of livestock products, although local farms may suffer more damage down the ...