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Korea's current account hits $8.44b in Aug.

South Korea's current account surplus continued to remain firmly in the black in August on brisk overseas sales, central bank data showed Thursday. The country's current account surplus came to $8.4...

Oct 11, 2018
Economy
Korean economy underperforms growth potential

Economists have raised the alarm on the weakening growth momentum of the Korean economy, calling on the government to take steps to prevent the country from being stuck in a prolonged slowdown. Loca...

Oct 10, 2018
Economy
[Monitor] Economic value of household labor reaches W360tr

The economic value of nonpaying housework reached some 360 trillion won as of 2014, according to a report from Statistics Korea. That figure, the most recent available, was 33.3 percent higher than f...

Oct 10, 2018
Economy
Corporate sales, employee salary show gains while hiring stalls

The country's leading firms have increased their sales and employee salaries over recent years but hiring has stalled, an analysis showed Wednesday. Corporate appraiser CEO Score studied 307 of the ...

Oct 10, 2018
Economy
Household debts rise in both total, individual average from year ago

Nearly four out of 10 South Koreans have an average household debt of 80 million won ($70,690), an increase of 3.3 percent from a year ago, according to figures from a credit information provider. T...

Oct 10, 2018
Economy
IMF cuts growth outlook for S. Korea to 2.8 % this year

The International Monetary Fund on Tuesday lowered its growth outlook for South Korea to 2.8 percent from 3 percent amid sluggish corporate investment and domestic consumption. It also slashed the c...

Oct 9, 2018
Economy
Facility investment down as manufacturers move abroad

Domestic facility investment has continued to decline in recent months, while overseas investment by the nation’s manufacturers is on a steep rise. Facility investment in South Korea contracted 1.4 ...

Oct 8, 2018
Economy
Unpaid household chores valued at W361tr in 2014: data

The value of unpaid household work, such as meal preparation and child care, was estimated at 361 trillion won (US$319 billion) in 2014, state data showed Monday. The 2014 figure was up 90.1 trillio...

Oct 8, 2018
Economy
BOK chief affirms independent rate-setting decision

South Korea's central bank chief stressed its right to make monetary policy decisions without political interference a week before the rate-setting meeting. "I will not freeze the interest rate even...

Oct 7, 2018
Economy
S. Korea, UK sign MOU for expanded trade partnership

South Korea's trade promotion agency said Sunday it has reached an initial agreement with Britain to expand the two countries' already-strong partnership. The Korea Trade-Investment Promotion Agency...

Oct 7, 2018
Economy
[Photo News] Post-Brexit partnership

POST-BREXIT PARTNERSHIP -- Deputy Prime Minister and Finance Minister Kim Dong-yeon (far left) on Friday meets with Liam Fox (center), UK secretary of state for international trade, and Simon Smith, ...

Oct 5, 2018
Economy
Korea's consumer price growth hits 1-year high in September

South Korea's consumer price growth continued to stay above 1 percent in September, hitting the highest level in a year, on a sharp rise in prices for agricultural goods and the service sector, gover...

Oct 5, 2018
Economy
Real estate takes up largest proportion of Koreans' assets: report

Real estate accounted for more than half of South Korean households' total assets, with the rate of homes owned for investments far higher compared to major economies, a report showed Thursday. It i...

Oct 4, 2018
Economy
S. Korea ranks world 3rd in debt-to-GDP ratio growth: data

South Korea has seen one of the fastest expansion paces for its household debt against its gross domestic product this year, despite a series of policy actions focused on lending restrictions, data s...

Oct 3, 2018
Economy
Household consumption set to take downturn

Despite a recent rebound in consumer sentiment, the country’s household consumption is set to weaken in the longer term amid deteriorating employment conditions and rising debt-service costs, experts...

Oct 3, 2018
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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