The Korea Herald

[News Focus] Korea falling behind in GDP, exports

EconomyJul 30, 2019

SEJONG -- South Korea is one of the few developing countries whose economy expanded sufficiently over the past decades to compete with advanced nations in Europe. Korea achieved the world’s 10th-lar...
[News Focus] Korea overtakes US in youth unemployment

EconomyJul 28, 2019

SEJONG -- South Korea saw its youth unemployment rate reach 10.4 percent in June 2019, up more than 1 percentage point from 9 percent a year earlier. The number of jobless people aged between 15 and...
[News Focus] Moon’s approval ratings slide in Seoul, Sejong: poll

PoliticsJul 25, 2019

SEJONG -- One year ago, President Moon Jae-in was gaining support from a dominant portion of people nationwide over his performance in state affairs. Moon’s approval rating had reached 67 percent, a...
[News Focus] ‘Sagging economy’ faces 2nd rebound in dollar, oil

EconomyJul 18, 2019

SEJONG -- Prices of the US dollar and gasoline directly affect a large proportion of South Korean businesses and households in terms of manufacturing costs and purchasing power. While monetary autho...
[News Focus] Portion of pessimists over economy hits record: poll

EconomyJul 17, 2019

SEJONG -- A large proportion of self-employed people have closed their businesses and joined the growing number of jobless people over the past two years. Simultaneously, the state payment of unemplo...
[News Focus] Seoul apartments resilient to property measures since 2017

EconomyJul 15, 2019

SEJONG -- The Moon Jae-in government has introduced stern regulations on rebuilding old apartments or redeveloping old areas in Seoul. Housing redevelopment projects have been effectively blocked in ...
[News Focus] Seoul-Sejong Expressway to revamp Korea’s traffic map

Social affairsJul 14, 2019

SEJONG -- There are three major expressways linking the Seoul metropolitan area and the southern parts of the country. Along the western side of the peninsula, there is the Seohaean Expressway runni...
[News Focus] Working-age population falls to 2013 level

Social affairsJul 9, 2019

SEJONG -- South Koreans have expressed significant fears about the nation’s workforce and growth potential in the coming decades, and it appears that recent demographic changes lend weight to those c...
[News Focus] Korea vitalizes redeveloping harbors on 3 sides

IndustryJul 8, 2019

SEJONG -- Earlier this year, South Korea pledged to foster “smart harbors” across the country as part of a move in a variety of sectors preparing for the coming era of the “fourth industrial revoluti...
[News Focus] Transition to farming loses luster for city dwellers

Social affairsJul 4, 2019

SEJONG -- Over the past decade, a growing number of urbanites in South Korea have moved to rural areas to tap the agriculture industry, helped on their way by various government-led benefits for new ...
[News Focus] Payments for jobless soar in Daejeon, Gwangju, Daegu

Social affairsJul 2, 2019

SEJONG -- The nation’s jobless rate, which posted the critical 4 percent or over for the fifth consecutive month this year, has forced the government to pay out ever-higher amounts in benefits for th...
[News Focus] Baby boomers make waves in job market

Social affairsJul 1, 2019

SEJONG -- They were the backbone of the country’s social and economic development in the 1980s and 1990s, and many of them are still working in core posts in the public and private sector. But now S...
[News Focus] 2019 jobless rates exceed levels during decade-old crisis

EconomyJun 27, 2019

SEJONG -- An election campaign pledge of President Moon Jae-in early 2017 was to create 1.31 million jobs -- 500,000 in the private sector and 810,000 in the public sector. At that time, he criticiz...
[News Focus] Korea’s agricultural products to tap America after Paris

EconomyJun 25, 2019

SEJONG -- South Korea is sparing no efforts to promote its agricultural products globally, including Korean traditional dishes, beverages and alcoholic drinks. According to the Ministry of Agricultu...
[News Focus] Busan, South Jeolla top senior-population ranking

Social affairsJun 24, 2019

SEJONG -- South Korea saw its senior population surpass 15 percent of the total last month for the first time. Seniors are people aged 65 or over, according to standards set by the United Nations. T...