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S. Korea's industrial output rises 0.8% on-month in January

South Korea's industrial output edged up 0.8 percent in January from a month earlier due in part to increased production of cars and the service sector, government data showed Thursday. The data com...

Feb 28, 2019
Economy
S. Korea-India economic ties need more heft

It is now nine years since the South Korea-India Comprehensive Economic Partnership Agreement -- a de facto free trade agreement -- went into effect. However, while much progress has been made, there...

Feb 27, 2019
Economy
Seniors in bottom 20% income group to get more basic pension from April

Senior citizens with 50,000 won ($44.70) or less in monthly income will be eligible for increased basic pension from April, the welfare ministry said Wednesday. People aged 65 or older whose monthly...

Feb 27, 2019
Economy
[News Focus] Busan, North Jeolla in tug-of-war over financial hub title

Talks rekindled over relocating Korea’s key policy financing institutions from Seoul

Feb 25, 2019
Economy
Hyundai expands partnership with BTS

Hyundai Motor Co. is expanding its partnership with BTS by providing sponsorship to the South Korean boy band's global campaign in Britain, the company said Sunday. On Friday, BTS began to air a tea...

Feb 24, 2019
Economy
S. Korea to offer incentives to firms over job creation

South Korea on Thursday unveiled a wide range of incentives for companies if they create jobs in deals with municipal governments and other relevant parties. The incentives include an investment sub...

Feb 21, 2019
Economy
Korea's income gap hits record high in Q4

South Korea's household income inequality hit a record high in the fourth quarter of 2018, government data showed Thursday, prompting officials to step up efforts to carry out a series of measures to...

Feb 21, 2019
Economy
Govt. picks two locations for smart industrial zones

South Korea's industry ministry on Wednesday announced its first batch of locations to establish what it calls smart industrial zones, which will utilize high-end information and communication techno...

Feb 20, 2019
Economy
Drivers use less gasoline in 2018 amid higher fuel prices

A gasoline-burning automobile consumed an average 1,159 liters last year, down 2.4 percent from a year earlier, as drivers cut back on spending probably to cope with high prices, industry data showed...

Feb 20, 2019
Economy
Koreans traveling more but spending less

South Koreans traveling overseas spent a record amount last year, but spending per person declined, central bank data showed Wednesday. The current account for last year showed travel expenditures o...

Feb 20, 2019
Economy
Manufacturing sector crucial for economic growth: BOK chief

Citing mounting challenges in the global market, the chief of South Korea’s central bank on Tuesday urged for measures to improve the competitiveness of the manufacturing sector during a rare meeting...

Feb 19, 2019
Economy
[Herald Interview] SK Innovation’s participation to bring better understanding of EV in US city

SK Innovation’s decision to build a US production facility for electric vehicle batteries in Commerce, Georgia, will help raise public awareness and understanding of the next-generation vehicle techn...

Feb 19, 2019
Economy
[News Focus] Gasoline prices set to bounce back amid reduced output

SEJONG -- The nation’s gasoline prices have seen a sharp drop over the past few months, and to a certain extent this eased the financial burdens of ordinary people and small business owners amid econ...

Feb 19, 2019
Economy
Coal imports set another record in 2018

South Korea's coal imports hit a new high last year despite government efforts to phase out the use of fine dust-emitting energy sources, industry data showed Tuesday. The country shipped in 131.52 ...

Feb 19, 2019
Economy
US Commerce chief sends report to Trump on auto imports: reports

The US Commerce chief has submitted a report to US President Donald Trump on the topic of imported cars, news reports said Monday, as South Korea renews efforts to win exemption for its cars from pos...

Feb 18, 2019
Economy

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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