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Korea's current account surplus jumps to 9-month high in July

South Korea's current account surplus grew for a third consecutive month to a nine-month high in July on an increased trade surplus and a narrowing deficit in the service sector, central bank data sh...

Sept 5, 2019
Economy
S. Korea, China ink advance pricing agreement

South Korea and China on Wednesday signed a deal that would ease tax audit burdens for several South Korean companies doing business in the world's second-largest economy, South Korea's tax agency sa...

Sept 4, 2019
Economy
Public institutions to expand investments to W55tr this year

Ministry announces follow-up fiscal plans to boost stalled economy

Sept 4, 2019
Economy
Policymakers deny deflation despite negative consumer price growth

Monthly inflation index dips below zero, hits record-low

Sept 3, 2019
Economy
Govt. job creation budget to rise to record volume next year

The government plans to increase its job creation budget by over 20 percent to a record volume of nearly 26 trillion won ($21.4 billion) next year, with unemployment benefits accounting for a record ...

Sept 3, 2019
Economy
Consumer price growth hits record low in August

South Korea's consumer price growth hit a record low in August, remaining flat compared with a year earlier, due mainly to declines in prices of agricultural and petroleum products, government data s...

Sept 3, 2019
Economy
S. Korean economy grows revised 1% on-quarter in Q2: BOK

South Korea's economy grew at a slower-than-expected pace in the second quarter from three months earlier on sluggish exports and government spending, the central bank said Tuesday. The country's gr...

Sept 3, 2019
Economy
Korea to complete ratification of FTA with UK before Brexit

South Korea is set to complete the ratification of a free trade deal with the UK at the National Assembly before the Brexit deadline of Oct. 31, officials said Monday. Since Britain voted to leave t...

Sept 2, 2019
Economy
Financial regulator seeks 3.1 tln won in 2020 budget

South Korea's financial regulator said Monday it has requested 3.1 trillion won ($2.5 billion) in budget for next year, in order to focus on providing funds for small- and medium-sized firms and unde...

Sept 2, 2019
Economy
[News Focus] Concerns grow over prospects for economy

President Moon's approval rating drops below 40% for 1st time

Sept 1, 2019
Economy
‘S. Korea will struggle to meet economic growth target this year’

Fiscal chief foresees challenges in growth pace, dispels worries on plans to increase expenditure

Sept 1, 2019
Economy
Two BOK board members call for rate cut: BOK chief

Bank of Korea Gov. Lee Ju-yeol said Friday two BOK board members cast a dissenting vote in the August rate-freeze decision. Cho Dong-chul, who is considered the most dovish among the seven-member mo...

Aug 30, 2019
Economy
BOK signals rate cut after standing pat at 1.5%

South Korea's central bank has room for a further rate cut to deter a longer skid in Asia's fourth-largest economy, the bank's chief said Friday, with analysts eying a rate reduction in October. The...

Aug 30, 2019
Economy
Industrial output up 1.2% on-month in July

South Korea's industrial output rose 1.2 percent in July from a month earlier due to increased auto output and facility investment, government data showed Friday. The data compiled by Statistics Kor...

Aug 30, 2019
Economy
[News Focus] Kospi loses more than 100 points in a month

Dollar up W100 this year; national debt up W100 trillion since 2017

Aug 29, 2019
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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