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Korea says no big impact from US decision to reduce bond holdings

South Korea said Thursday that the Federal Reserve's decision to trim its balance sheet is likely to have a limited impact on Asia's fourth-largest economy. "I don't think the Fed's decision will ha...

Sept 21, 2017
Economy
Korea offers financial assistance for struggling companies in China

South Korea will provide financial assistance and an insurance package for local companies suffering from losses in China due to anti-Korean sentiment and regulatory hurdles, the trade ministry said ...

Sept 21, 2017
Economy
Korea, India to hold talks on trade deal improvement

South Korea and India will hold a new round of talks on the improvement of a bilateral trade deal in Seoul this week, the commerce ministry here said Wednesday. The third-round meeting to improve th...

Sept 20, 2017
Economy
[Monitor] Household debt surges 55.3% in 5 years

The amount of household debt in South Korea has surged by 55.3 percent in five years, according to data given by relevant authorities including the Financial Services Commission, the Financial Superv...

Sept 20, 2017
Economy
Korea’s ‘4th industrial revolution’ development lags behind US, EU, Japan: report

Technology and investments related to Korea’s competitiveness in the “fourth industrial revolution” is far behind other advanced countries such as the United States, Japan and Europe, according to th...

Sept 20, 2017
Economy
Monthly leases account for more than 60% of Korea's housing rental system in 2016: report

Monthly lease agreements accounted for more than 60 percent of South Korea's housing rental market last year as fewer people opt for the so-called "jeonse" system, a report showed Wednesday. Accordi...

Sept 20, 2017
Economy
Korean biz survival rate lower than EU

South Korean small and medium enterprises have a lower survival rate than their European Union counterparts with some 6 out of 10 surviving more than one year and less than 30 percent past five years...

Sept 20, 2017
Economy
Credit card app makes it easier to go Dutch

Splitting the bill is set to become easier, as South Korea’s financial watchdog is set to introduce a system that allows people to use just one credit card to divide the bill. After meeting with the...

Sept 19, 2017
Economy
Korea inks MOU with AfDB on 2018 annual meeting in Busan

The South Korean government said Monday that it signed a memorandum of understanding with the African Development Bank on preparations for the institutions’ annual meeting to be held in a city of Bus...

Sept 19, 2017
Economy
Korea's export growth fastest among top 10 exporters

South Korea's exports grew at the fastest pace among the world's top 10 exporters, data by the World Trade Organization showed Tuesday, thanks to brisk sales of semiconductors and petrochemical produ...

Sept 19, 2017
Economy
BOK says prices of agricultural products up 14.2% in Aug.

Prices of agricultural products rose 14.2 percent in August from a month earlier as rains and a heat wave have reduced the output of agricultural products, central bank data showed Tuesday. The mont...

Sept 19, 2017
Economy
US trade representative heralds renegotiation of Korea trade deal

WASHINGTON -- US Trade Representative Robert Lighthizer said Monday that a renegotiation is in order for trade agreements that lead to growing trade deficits, a remark indicative of his stance on the...

Sept 19, 2017
Economy
Banks urged to tighten home loan screening to slow household debt

The nation's top financial regulator on Tuesday urged banks to tighten their screening of home loan applications to help slow the growth of household debt. South Korea tightened lending rules for mo...

Sept 19, 2017
Economy
[Monitor] SMEs anticipate financial problems during Chuseok

Nearly half of surveyed small and medium-sized enterprises anticipate financial problems during the 10-day holiday that includes Chuseok in early October, according to the Korea Federation of Small a...

Sept 18, 2017
Economy
Household debt tops W1,400tr in July: lawmaker

South Korea's household debt jumped 9 percent in July from a year earlier, a lawmaker said Tuesday, despite the government's tightened lending rules. The country's overall household debt came to 1,4...

Sept 18, 2017
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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