The Korea Herald

안녕하세요 Park Han-na 기자입니다.

Articles by Park Han-na

'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...
Korea to add W60tr more to tackle economic polarization by 2025

EconomyJul 14, 2021

South Korea will scale up its “Korean New Deal” stimulus package by making additional investments worth 60 trillion won ($52.2 billion) to nurture human talents for future industries, and improve ill...
Market volatility growing, but to have limited impact: vice finance minister

EconomyJul 13, 2021

The government will strengthen its monitoring of financial markets as volatility increases due to a recent resurgence of COVID-19 cases here, First Vice Finance Minister Lee Eog-weon said Tuesday. “...
Shinhan invests W77b into delivery, pet grooming services

MoneyJul 12, 2021

Shinhan Financial Group will invest in a delivery service provider and an autonomous transportation service startup to upgrade its banking platform and find new revenue streams amid increasing compet...
Financial authority puts brake on banks’ co-investing in art

MoneyJul 8, 2021

Local lenders have decided to stop providing access to customers looking for fractional art ownership via a mobile application after facing regulatory hurdles, according to sources Thursday. Shinh...
Korea will strengthen debt management efforts, fiscal chief tells Fitch

EconomyJul 6, 2021

South Korea will take preemptive actions to manage its sovereign debt to maintain sound fiscal health, the country’s top economic policy maker said during an annual consultation meeting with global r...
Korea pushes measures to clinch $30b of foreign construction deals

EconomyJul 5, 2021

With signs of recovery in the global construction market, the government said Monday it would make an all-out effort to achieve its goal of securing $30 billion worth of overseas construction deals t...
Samsung Electronics, SK hynix likely to be subjected to new global tax rules

EconomyJul 2, 2021

South Korean conglomerates Samsung Electronics and SK hynix are likely to be subject to a global minimum tax rate that multinational companies will have to pay regardless of where their headquarters ...