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State firms to spend over W30tr to nurture innovative growth

State-led companies plan to spend over 30 trillion won ($27 billion) in key leading sectors, such as autonomous driving, by 2022, thus creating an environment for private companies to seek innovative...

Aug 2, 2018
Economy
S. Korean exports little affected by demand from advanced nations: report

South Korean triathletes said Thursday they'll try to bring home the first Asian Games gold medal from Indonesia this year. The triathlon team to compete at the Aug. 18-Sept. 2 Asian Games in Jakart...

Aug 2, 2018
Economy
Online shopping purchases continue to increase in June

Purchases made using the Internet and mobile devices in South Korea continued to show solid growth in June, government data showed Thursday, demonstrating the popularity of smartphones, fast delivery...

Aug 2, 2018
Economy
Weak inflation hampers BOK’s rate hike timeline

South Korea’s economy found itself in a prolonged deadlock in July, as its long-stalled domestic market failed to gain upward momentum, in contrast to the steady growth of the outbound sector, data s...

Aug 1, 2018
Economy
Finance Ministry changes English name

Ministry deletes ‘strategy’ and inserts ‘economy’ from English name

Aug 1, 2018
Economy
Korea's exports rebound in July

South Korea's exports rebounded in July from the previous month's slight fall, largely due to a continued rise in outbound shipments of chips and petrochemical goods, government data showed Wednesday...

Aug 1, 2018
Economy
[Monitor] Heat wave leads to more traffic accidents

The number of traffic accidents increased by around 8 percent this summer compared to last year, a phenomenon largely attributable to a record-breaking heat wave, a report by Samsung Traffic Safety R...

Jul 31, 2018
Economy
Growth momentum likely to weaken further

A simultaneous downturn in economic indicators raises the possibility of the Korean economy weakening in the second half to the extent of making it hard to achieve the official 2018 growth target of ...

Jul 30, 2018
Economy
Korea's antitrust chief to visit China this week

South Korea's antitrust chief is set to visit China this week to attend a competition forum and step up bilateral cooperation to crack down on abuses caused by market dominance, the Fair Trade Commis...

Jul 30, 2018
Economy
Future outlook for self-employed people falls sharply: BOK data

The future consumer sentiment index for South Korea's self-employed entrepreneurs declined at a fast clip, a clear sign of the worries faced by small-scale business owners, data by the central bank s...

Jul 29, 2018
Economy
Korean banks shed 7,400 jobs while making W18tr over 3 years

South Korean commercial banks let go some 7,400 employees over the past three years while earning some 18 trillion won mainly by collecting interest on loans they provided to households and companies...

Jul 29, 2018
Economy
Korea's consumer prices likely to pick up in H2: BOK

South Korea's low consumer prices will likely pick up in the second half of the year and reach near the central bank's target rate mainly due to the recovering global economy and rising public utilit...

Jul 26, 2018
Economy
Govt., ruling party seek tax code revision for fairness, job growth

The government and the ruling Democratic Party said Thursday they will seek to revise the tax code this year in a way that will promote fair taxation and help boost job growth. Ruling party and gove...

Jul 26, 2018
Economy
Currency war complicates risks to Korean economy

A possible global currency war that might erupt amid escalating trade tensions between the world’s largest economies threatens to pose a complicated set of risks to the Korean economy. US President ...

Jul 25, 2018
Economy
S. Korea's July consumer sentiment slides at sharpest clip in 20 months

South Korea's consumer confidence plunged at the sharpest rate in 20 monthshowed Wednesday.s in July due largely to signs of an economic slowdown and intensifying trade disputes between the United St...

Jul 25, 2018
Economy

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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