The Korea Herald

[News Focus] Working age population declines by 750,000 over 4 years

Social affairsJan 24, 2021

During the December 2016-December 2020 period, the number of working age people in South Korea fell from 37.78 million to 37.02 million. “People born in 1955 have become senior citizens. And those b...
[News Focus] Gyeonggi cities lead housing prices growth

EconomyJan 21, 2021

The average price climbed by 13.3 percent in Ilsandong-gu and 9.7 percent in Deogyang-gu over the corresponding 10-week period. Goyang’s price hike far outstripped Seoul’s 3.6 percent and Gyeonggi’s ...
[News Focus] Household debt up W516tr since 2015

EconomyJan 19, 2021

The total also posted an 18.5 percent climb during the term of the Moon Jae-in administration roughly, as the figure for September 2017 stayed at 1,419.1 trillion won. President Moon took office in M...
[News Focus] 1 in 4 female Seoulites aged 60 or over

Social affairsJan 17, 2021

Female Seoulites posted an average age of 44 as of December 2020, while the average age of men in the capital was 42.3. In female centenarian populations, Gyeonggi Province ranked second with 3,158,...
[News Focus] Nonregular jobs growth fastest in Moon strongholds

EconomyJan 14, 2021

Ulsan topped the list among the 17 major cities and provinces in growth, as the portion of nonregular employees surged 9.7 percentage points over the past five years to 34.3 percent in 2020. South G...
[News Focus] Foreign residents’ jobless rate soars to new record

EconomyJan 12, 2021

SEJONG -- The novel coronavirus has undermined the job security of foreign nationals living here, government data has shown. According to the Justice Ministry and Statistics Korea, the unemployment ...
[News Focus] Korea strives to branch out into South America

EconomyJan 10, 2021

SEJONG -- South Korea has pushed forward signing free trade agreements with major economies around the globe over the past two decades. After the nation’s first free trade agreement with Chile took ...
[News Focus] Korea ranks 26th of 32 OECD members in employment

EconomyJan 7, 2021

Iceland topped the list at 81.7 percent, followed by Switzerland at 79.8 percent and the Netherlands at 77.5 percent. Among the others included in the top 10 were Sweden (sixth) with 75 percent, the...
[News Focus] 3 in 7 women from North choose South Korean husbands

Social affairsJan 5, 2021

The situation was very different for male defectors. Of the married men in the group, nearly 9 out of 10 -- 88.6 percent -- were married to other North Korean defectors or to women still residing in ...
[News Focus] Korea’s COVID-19 surge among fastest outside Europe

Social affairsJan 3, 2021

But in North America, Canada’s 302.7 percent and the US’ 193.5 percent outstripped Korea’s figure, while Mexico’s figure did not. Among the Asian countries, those where the confirmed epidemic cases ...
[News Focus] In growth of corporate tax, Korea No. 2 in OECD

EconomyDec 29, 2020

Though the OECD has yet to compile the average rate of tax on corporate profit for all its members, Korea’s figure was well above the 0.29 percentage point growth seen in Japan, the 0.28 percentage p...
[News Focus] More Koreans giving up looking for jobs

EconomyDec 24, 2020

Further, the number of women who gave up looking for jobs hit an all-time high of 284,000 (tied with the figure for September 2020) last month, up 54,000 compared to December 2019. Male discouraged ...
[News Focus] Korea’s elderly population surges by 1 million since 2017

Social affairsDec 22, 2020

SEJONG -- South Korea’s elderly population has increased by more than 1 million in only three years, with the growth pace accelerating and their portion of the entire population expanding, government...
[News Focus] Nationwide advance seen in housing prices

EconomyDec 17, 2020

A Sejong resident who had used “jeonse,” a Korean rental system involving lump-sum deposits, for years said he moved to an apartment near Sejong City Hall earlier this month. The initial parcel pric...
[News Focus] Korea’s tax revenue increases fastest in OECD

EconomyDec 15, 2020

Luxembourg ranked second among the 35 members with 1.61 percentage points, followed by Poland with 1.26 percentage points, Norway with 1.15 percentage points and Germany with 1.02 percentage points. ...