The Korea Herald

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Articles by Park Han-na

[Market Close-up] Market drops over US Fed’s rate hike plan, but officials say Seoul safe from volatility

EconomyJun 17, 2021

The Seoul stock market traded bearishly Thursday after the US Federal Reserve projected rate hikes in 2023, ending a brief winning streak this week on economic and corporate improvements. But upon wa...
South Korea’s financial system at risk over fast-growing household debt

EconomyJun 14, 2021

South Korea’s household debt is inviting concerns about the country’s economic resilience as its accumulated debt has grown more, relative to income, than that of any other economy. Asia’s fourth-la...
Employment rate recovers to 80% of pre-pandemic levels, minister says

EconomyJun 9, 2021

The recovery of South Korea’s job market picked up steam as more than 600,000 positions were added back to the economy in May, surpassing that mark for the second consecutive month, government data s...
State developer to slash 20% jobs over land purchase scandal

EconomyJun 7, 2021

Two thousand employees at South Korea’s troubled state housing developer will be out of jobs as a result of a reform triggered by a massive land speculation scandal, the government said Monday. The ...
Seoul apartment prices near peak, finance minister says

EconomyJun 3, 2021

Apartment prices in Seoul have risen to the levels where they were before the global financial crisis of 2008, which prompted a severe market correction, Finance Minister Hong Nam-ki said Thursday. ...
OECD upgrades South Korea’s GDP growth forecast to 3.8%

EconomyMay 31, 2021

The South Korean economy is forecast to grow 3.8 percent this year on the back of strong export growth and expansionary macroeconomic policy, the Organization for Economic Cooperation and Development...
Korea to build mega biomedical database by 2028

EconomyMay 26, 2021

The government will spend some 1 trillion won ($894.8 million) on building a mega database to collect medical information of 1 million people in a bid to foster the biohealth industry as a new growth...
Renewed real estate measures coming up in June: finance minister

EconomyMay 20, 2021

Finance Minister Hong Nam-ki said Thursday that the government will roll out changes to housing policies which may include real estate taxation reforms as early as next month. While maintaining the ...
NH NongHyup launches biometric boarding service

MoneyMay 18, 2021

NH NongHyup Bank, one of South Korea‘s five major banks, said Tuesday it has launched biometric boarding service via mobile applications for the first time as a financial institution here. Customers...
Climate response fund to be set up in 2022 to bolster renewable energy transition

EconomyMay 17, 2021

The South Korean government will support the development and commercialization of clean energy technologies and set up a climate response fund next year to achieve the goal of going carbon neutral by...
[Top Bankers] Shinhan Financial looking to acquire e-commerce platform for Gen Z

MoneyMay 12, 2021

This is a part of a series of interviews and analyses of South Korea’s top bankers, policymakers and investors leading the financial industry here. This is the sixth installment. -- Ed. Shinhan Fina...
[Market Close-up] Financial firms scurry to forge cross-industry partnerships for data-driven innovation

MoneyMay 11, 2021

Cross-industry partnerships in the financial sector are in full swing as banks seek to transform personal data into a new revenue source, ditching their reliance on interest rates. Commercial lender...
S. Korea, China, Japan express concern over uneven economic revival in Asia

EconomyMay 3, 2021

As uncertainties surrounding an uneven economic revival from the COVID-19 pandemic linger in the Asian region, top economic policymakers and central bank chiefs from South Korea, China and Japan on M...
S. Korea to tighten mortgage rules to rein in household debt

EconomyApr 29, 2021

South Korea unveiled Thursday a set of measures aimed at mitigating risks from the growing household debt burden and bringing the debt growth rate down to levels comparable to before the coronavirus ...
SC Bank Korea to run incubator program for women-led fintech startups

MoneyApr 27, 2021

Standard Chartered Bank Korea said Tuesday it signed an agreement with a city-funded women rights organization to nurture young talent and foster the development of the tech-driven financial services...