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S. Korea’s firms see exports drop, banks enjoy earnings boost in 2018

South Korea’s major companies saw their exports drop last year, amid sluggish global growth and US-China trade tension, but banks enjoyed record-high revenue on the back of interest earnings, data sh...

Apr 7, 2019
Economy
Govt to submit extra budget bill to curb fine dust, sluggish market

Finance minister says budget volume likely to remain under W9tr

Apr 3, 2019
Economy
Global tensions to force trade slowdown in 2019: WTO

GENEVA -- Global trade growth is expected to be lower in 2019 than it was last year, the World Trade Organization forecast on Tuesday, citing widespread “tensions” and economic uncertainty. The WTO ...

Apr 2, 2019
Economy
S. Korea's consumer price growth hits nearly 20-year low in March

South Korea's consumer prices rose at the slowest pace in nearly 20 years in March on a drop in petrochemical products and a stabilization of prices of vegetables, government data showed Tuesday. Th...

Apr 2, 2019
Economy
[News Focus] New Trade Minister seeks breakthrough in FTA talks

SEJONG -- South Korea is in negotiations for four different free trade agreements involving 19 countries. The four are talks on a joint agreement with China and Japan (2 countries); with China, Japa...

Apr 1, 2019
Economy
S. Korea sells $187 million in FX to stablize market in second half of 2018

South Korea sold $187 million worth of foreign currencies during the second half of last year in an effort to stabilize the market, the central bank said Friday. The Bank of Korea posted the related...

Mar 29, 2019
Economy
S. Korea's industrial output falls 1.9% on-month in February

South Korea's industrial output edged down 1.9 percent in February from a month earlier due in part to decreased production of cars and the service sector, government data showed Friday. The figure ...

Mar 29, 2019
Economy
S. Korea to push for joint study with Uzbekistan on free trade deal

SEJONG -- South Korea and Uzbekistan agreed Thursday to push for a joint study on forging a free trade agreement to further boost bilateral economic ties, South Korea's finance ministry said. The ag...

Mar 28, 2019
Economy
[News Focus] Weak won, rising crude prices pose threat to Korean economy

SEJONG -- Three major global rating firms have been relatively pessimistic on the outlook for South Korea’s economic growth this year, compared to projections from the Finance Ministry and the Bank o...

Mar 28, 2019
Economy
S. Korea’s budget to surpass W500tr next year amid sluggish growth

Government eyes pump priming to stimulate economy

Mar 26, 2019
Economy
[News Focus] Korean currency’s par value remains untouched for 57 years

SEJONG -- It has been 17 years since former Bank of Korea Gov. Park Seung proposed slashing the face value of the nation’s currency upon taking office in April 2002. Under Park, the central bank pus...

Mar 26, 2019
Economy
Presidential office not seeking to exploit property market as means for stimulating economy

South Korea's Moon Jae-in administration won't artificially boost the property market in a bid to stimulate the economy, a senior presidential official said Sunday. The local housing market, mainly ...

Mar 24, 2019
Economy
S. Korea sees sharper drop in exports than OECD peers

South Korea has seen its exports decline at a steeper rate than other Organization for Economic Cooperation and Development member states, reflecting the contraction in outbound shipments of semicond...

Mar 24, 2019
Economy
[News Focus] Will taxpayer-money be boon to Moon’s approval ratings?

SEJONG -- The chances are high that the Ministry of Economy and Finance will eventually propose a motion on a supplementary budget to the National Assembly in the coming weeks, according to recent re...

Mar 21, 2019
Economy
BOK chief rules out rate cut for time being

Hours following the US Federal Reserve’s decision to leave its key interest rate unchanged, Bank of Korea Gov. Lee Ju-yeol ruled out the possibility of a policy rate cut in the near future, early Thu...

Mar 21, 2019
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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