The Korea Herald

안녕하세요 Park Han-na 기자입니다.

Articles by Park Han-na

[Defector’s eye 2] Defector-turned-startup CEO tries his hand at developing social media platform

EconomySept 14, 2021

This is the second installment in a series of articles on North Korean defectors in transition, and the challenges and opportunities they encounter in the face of South Korea’s financial market and i...
Privatization of Woori Financial back on track

MoneySept 9, 2021

The government said Thursday it will open a bidding process to sell a part of its stake in Woori Financial Holdings, owned by the Korea Deposit Insurance Corporation, to multiple buyers in a bid to c...
Inflation pressure mounts as prices leap 2.6% in Aug

EconomySept 2, 2021

Consumer inflation rose 2.6 percent last month, staying above 2 percent for the fifth month in a row, on the back of higher agricultural product and international crude oil prices, Statistics Korea r...
Korea proposes largest-ever budget to speed up recovery of virus-hit economy

EconomyAug 31, 2021

South Korea on Tuesday proposed a record 604.4 trillion won ($519 billion) budget for 2022, stressing the need for an expansionary fiscal policy to help the economy recover from the COVID-19 pandemic...
State spending on strategic industries to surge 43% next year

EconomyAug 30, 2021

South Korea will ramp up spending on the next-generation automobile, chip and bio-health sectors next year in an effort to nurture homegrown companies into leading players in the global market, the f...
Korea to deliver W11tr in subsidies before Chuseok

EconomyAug 26, 2021

South Korea will launch another round of COVID-19 cash handouts for nearly 90 percent of Koreans, as well as other financial support for small merchants, before the Chuseok holiday in September. Aut...
Korea plans another W605tr 'super budget' for 2022

EconomyAug 24, 2021

South Korea plans to draw up another record-breaking budget of some 605 trillion won ($518.4 billion) for next year to strengthen the nation’s social safety net largely hurt by the prolonged pandemic...
'Korean economy may lose steam due to household debts'

EconomyAug 23, 2021

South Korea’s economy will grow 3.9 percent this year, an Asian regional macroeconomic surveillance organization said Monday, presenting a more pessimistic outlook than what the government forecast c...
Fiscal chief says new COVID-19 wave will ‘inevitably’ dent economy

EconomyAug 12, 2021

After showing modest signs of recovery, South Korea’s economy is going to face pressure from the ongoing fourth wave of COVID-19 starting from this month, the country’s top economic policymaker said ...
Woori Financial Group CEO buys W54m of treasury stocks

MoneyAug 3, 2021

Woori Financial Group Chairman and CEO Son Tae-seung has acquired 5,000 treasury stocks worth over 54 million won ($46,800) to enhance its corporate value, the banking group said Tuesday. Son bought...
IMF raises Korea’s growth forecast to 4.3% in 2021

EconomyJul 27, 2021

The International Monetary Fund on Tuesday projected the South Korean economy to grow 4.3 percent this year, presenting a more sanguine outlook than the government and other major institutions, despi...
Despite virus resurgence, ADB revises up Korea’s GDP growth forecast to 4%

EconomyJul 20, 2021

As the South Korean economy faces the grave impact of the fourth wave of COVID-19, it is also being forecast to expand 4 percent this year due to strong exports and investments, the Asian Development...
Insurers enter health care service market via digital platform

MoneyJul 19, 2021

South Korea’s leading insurance firms are set to offer customized health care services through digital platforms after a regulatory bar was lifted for offering non-financial services. Amid fast grow...
[Top Bankers] Woori Bank seeks out-of-box business strategies for digital innovation

MoneyJul 19, 2021

The prospect of big tech firms taking over the realm of retail banking has been setting off alarm bells in traditional banks in South Korea including Woori, one of the big five lenders that has domin...
Eximbank extends $600 million to Tunisia for digital infra project

MoneyJul 15, 2021

The state-run Export-Import Bank of Korea said Thursday it had agreed to extend a $600 million loan to Tunisia to support the North African country’s digital infrastructure development projects. Tun...