The Korea Herald

Seoul will take steps if necessary to stabilize FX market: finance minister

EconomyOct 14, 2021

WASHINGTON -- The South Korean government will take market-stabilization steps should there be increased volatility in the foreign exchange market caused by abnormal factors, such as speculation, Fin...
Export prices up for 10th straight month in September

EconomyOct 14, 2021

South Korea's export prices gained for the 10th straight month in September, driven by price hikes of energy and chemical products, central bank data showed Thursday. The country's export price inde...
At G-20 meeting, Korea‘s fiscal chief stresses expansionary policy

EconomyOct 13, 2021

South Korea’s Economy and Financial Minister Hong Nam-ki has said that the government will keep expansionary policies next year as the country eyes an economy recovery and return to “normal life” out...
S. Korea’s first metaverse-themed ETFs listed

MoneyOct 13, 2021

Four metaverse-themed exchange-traded funds went listed for the first time on the country’s stock markets on Wednesday, betting on growing interest in the new IT platform. The four ETFs are KB Asset...
Export-Import Bank signs MOU with Greek shipping company to finance new orders

EconomyOct 13, 2021

The Export-Import Bank of Korea said Wednesday it signed an memorandum of understanding with Angelicoussis to provide financial assistance for South Korean shipbuilders securing fresh orders of eco-f...
Seoul stocks rebound on tech, auto gains

MarketsOct 13, 2021

South Korean stocks advanced nearly 1 percent Wednesday as investors sought to buy oversold stocks such as tech and auto shares after a sharp plunge the previous session. The Korean won rose against ...
S. Korea sees largest job growth in 7 years over surge in contactless services, vaccinations

EconomyOct 13, 2021

South Korea’s economy added the largest number of jobs in more than seven years in September, government data showed Wednesday, with officials citing a surge in contactless services backed by digital...
Koreans blame short sellers for bear market

MarketsOct 13, 2021

South Korean day traders are expressing frustration over the bearish domestic stock market in early October, in the belief that short selling by institutional investors is adding fuel to the market v...
S. Korea to continue expansionary fiscal policy next year: finance minister

EconomyOct 13, 2021

South Korea's top economic policymaker has said the government plans to maintain expansionary fiscal policy next year in a bid to prop up the economic recovery, Seoul's finance ministry said Wednesda...
Banks' household loan growth accelerates in Sept.

MoneyOct 13, 2021

South Korean banks' household loans grew at a faster pace in September from a month earlier despite the government's toughened controls on lending, central bank data showed Wednesday. According to t...
ICT exports hit fresh monthly high in September

EconomyOct 13, 2021

South Korea's exports of information and communication technology (ICT) products reached an all-time high in September on the back of solid global demand for chips and displays, data showed Wednesday...
Seoul stocks open higher on bargain hunting

MarketsOct 13, 2021

South Korean stocks opened higher Wednesday, as investors seek to buy oversold stocks after a sharp plunge the previous session. The benchmark Korea Composite Stock Price Index (KOSPI) rose 13.57 po...
Job additions largest in over 7 years in Sept. despite 4th wave of pandemic

EconomyOct 13, 2021

South Korea reported the largest job growth in more than seven years in September in the latest sign that the country's job recovery has continued despite the fourth wave of the pandemic, data showed...
State industrial complexes fare better in H1 than pre-pandemic era

EconomyOct 13, 2021

Output and exports of South Korea's state industrial complexes rose in the first half of the year from the pre-pandemic period, but their employment shrank, data showed Wednesday. Combined productio...
IMF keeps S. Korea’s 2021 growth outlook at 4.3%, trims global economic forecast

EconomyOct 12, 2021

The International Monetary Fund maintained its forecast for South Korea’s economic growth for this year at 4.3 percent, while revising down its projection for the global economy, the Ministry of Econ...