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Smaller firms lag far behind big counterparts in debt service capability: BOK

Smaller South Korean firms lagged far behind their larger counterparts in debt service capability, the country's central bank said Thursday, in the latest sign of a deepening polarization of corporat...

Sept 21, 2017
Economy
[Monitor] Businesses in Korea show low survivability

A report showed that the rate of survival for businesses in Korea remains low compared to those in Western Europe. The Korea International Trade Association said the survivability rates of lasting o...

Sept 21, 2017
Economy
Moon assures US Korean economy strong despite NK provocations

President Moon Jae-in urged the US to actively invest in the Korean economy during his meeting with prominent businessmen in New York, as he attends the 72nd session of the United Nations General Ass...

Sept 21, 2017
Economy
Govt. to purchase 350,000 tons of rice for reserve

South Korea will increase the purchase of local rice that will be set aside for reserve purposes this year to help stabilize prices on the domestic market, the agriculture ministry said Thursday. Th...

Sept 21, 2017
Economy
Korea's conglomerates' internal trade edges down in 2016

Transactions among affiliates of South Korea's large business groups fell slightly in 2016 compared to a year earlier amid government pressure to root out unfair practices, the country's corporate wa...

Sept 21, 2017
Economy
Korea says no big impact from US decision to reduce bond holdings

South Korea said Thursday that the Federal Reserve's decision to trim its balance sheet is likely to have a limited impact on Asia's fourth-largest economy. "I don't think the Fed's decision will ha...

Sept 21, 2017
Economy
Korea offers financial assistance for struggling companies in China

South Korea will provide financial assistance and an insurance package for local companies suffering from losses in China due to anti-Korean sentiment and regulatory hurdles, the trade ministry said ...

Sept 21, 2017
Economy
Korea, India to hold talks on trade deal improvement

South Korea and India will hold a new round of talks on the improvement of a bilateral trade deal in Seoul this week, the commerce ministry here said Wednesday. The third-round meeting to improve th...

Sept 20, 2017
Economy
[Monitor] Household debt surges 55.3% in 5 years

The amount of household debt in South Korea has surged by 55.3 percent in five years, according to data given by relevant authorities including the Financial Services Commission, the Financial Superv...

Sept 20, 2017
Economy
Korea’s ‘4th industrial revolution’ development lags behind US, EU, Japan: report

Technology and investments related to Korea’s competitiveness in the “fourth industrial revolution” is far behind other advanced countries such as the United States, Japan and Europe, according to th...

Sept 20, 2017
Economy
Monthly leases account for more than 60% of Korea's housing rental system in 2016: report

Monthly lease agreements accounted for more than 60 percent of South Korea's housing rental market last year as fewer people opt for the so-called "jeonse" system, a report showed Wednesday. Accordi...

Sept 20, 2017
Economy
Korean biz survival rate lower than EU

South Korean small and medium enterprises have a lower survival rate than their European Union counterparts with some 6 out of 10 surviving more than one year and less than 30 percent past five years...

Sept 20, 2017
Economy
Credit card app makes it easier to go Dutch

Splitting the bill is set to become easier, as South Korea’s financial watchdog is set to introduce a system that allows people to use just one credit card to divide the bill. After meeting with the...

Sept 19, 2017
Economy
Korea inks MOU with AfDB on 2018 annual meeting in Busan

The South Korean government said Monday that it signed a memorandum of understanding with the African Development Bank on preparations for the institutions’ annual meeting to be held in a city of Bus...

Sept 19, 2017
Economy
Korea's export growth fastest among top 10 exporters

South Korea's exports grew at the fastest pace among the world's top 10 exporters, data by the World Trade Organization showed Tuesday, thanks to brisk sales of semiconductors and petrochemical produ...

Sept 19, 2017
Economy

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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