The Korea Herald

[News Focus] Koreas to see population gap narrow

Social affairsOct 28, 2020

Meanwhile, the collective figures for the two Koreas came to 77.14 million as of 2020, which is equivalent to the world’s No. 20, and right next to Germany with 83.78 million. The combined population...
[News Focus] Is recent slide in dollar prices undesirable?

EconomyOct 26, 2020

SEJONG -- The Korean currency has regained its value against the US dollar over the past few weeks after losing ground for more than a half year in the wake of the novel coronavirus. The dollar trad...
[News Focus] Will Sejong manage to move out of Seoul's shadow?

PoliticsOct 20, 2020

SEJONG -- South Koreans are paying close attention to the resurfaced issue as to whether Sejong will join the league of cities such as Ankara, Brasilia, Canberra and Ottawa. These four cities, despi...
[News Focus] Online shopping turnover for cooked food up 82% on-year

EconomyOct 18, 2020

He predicted a further increase in the coming months and years, citing a 21.4 percent climb only in a month. Compared to 1.37 trillion won in July, the turnover for August rose by 295.1 billion won. ...
[News Focus] Seoul housing prices climb 18% in a year

EconomyOct 15, 2020

The wealthy Gangnam-gu posted the smallest growth, with housing costs having increased 7.1 percent over the period -- from 54.91 million won to 58.83 million won per 3.3 square meters. Gangnam-gu, no...
[News Focus] Korea No. 2 in OECD in growth of property taxes

EconomyOct 13, 2020

Only Luxembourg, which posted 0.185 percentage point, saw its property taxes grow faster than Korea’s relative to its GDP. The international data indicates that the Moon Jae-in administration, which...
[News Focus] No. of unemployed, underemployed up 20% from last year

Social affairsOct 11, 2020

The extended jobless rate for those aged 15-29 -- the youngest group within the working-age population -- recorded 24.9 percent. The tally of unemployed plus underemployed people within the same age ...
[News Focus] Seoul population declines 1.27 million since 1992

Social affairsOct 8, 2020

Over the past decade, a growing number of Seoul citizens have moved to Gyeonggi Province in the wake of spiraling apartment prices. Gyeonggi is still absorbing residents from the capital with its pop...
[News Focus] Should stock gains get same tax exemptions as homes?

EconomyOct 6, 2020

In Gangnam-gu, Seoul, the average trading price for 84-square-meter apartment units hovered over 2 billion won in September. Apartment prices across the 25 wards in Seoul have also climbed by 50 to ...
Korea ranks No. 18 of 25 OECD members in Q2 employment

EconomyOct 2, 2020

SEJONG -- South Korea underperformed in a comparison of employment among some members of the Organization for Economic Cooperation and Development. It ranked 18th among 25 major economies that releas...
[News Focus] Household debt up 250 trillion won during Moon’s term

EconomySept 29, 2020

Apartment prices in Seoul have skyrocketed, with some apartment complexes recording 100 percent growth or more in the last three years. In the latest research from the Organization for Economic Coop...
[News Focus] 20-somethings lead rise in unemployment benefit claims

EconomySept 28, 2020

Given that the retirement age is 60 for most jobs, a large proportion of recipients aged between 60 and 69 are believed to have been contract employees or self-employed businesspeople before they los...
[News Focus] Daejeon fastest in growth of single-person households

Social affairsSept 24, 2020

SEJONG -- Daejeon and Busan recorded the highest and second-highest growth in the proportion of single-person households relative to all households over the past decade, among the 16 major cities and...
[News Focus] India fast-approaching US in coronavirus infections

Social affairsSept 22, 2020

In the third quarter of the year, India overtook Russia (currently No. 4 with 1.1 million cases) and Brazil (No. 3 with 4.54 million cases), in turn, continuously narrowing the gap with the figure fo...
[News Focus] South Korea aging 2nd-fastest in OECD since 2000

Social affairsSept 20, 2020

In terms of the portion of the population aged over-65, South Korea was still behind the OECD average of 17.2 percent in 2018. Japan topped the list at 28.14 percent, followed by Italy at 22.68 perc...