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Households piling up heavy debts: data

South Korean households saw their debts increase sharply with per-person debt expected to top 30 million won ($26,700) this year, data showed Sunday. Household credit reached 1,493 trillion won as o...

Sept 16, 2018
Economy
Finance minister vows to take additional steps unless housing prices stabilize

South Korea's chief economic policymaker said Friday that the government would take stronger measures if home prices do not stabilize. On Thursday, South Korea's government said it will levy tougher...

Sept 14, 2018
Economy
Government further hikes tax rate for multiple homes, expensive properties

Multiple-home owners to face maximum comprehensive real estate tax rate of 3.2%

Sept 13, 2018
Economy
S. Korea’s job situation at its worst since post-financial crisis period: data

Finance Minister vows to speed up budget execution, acknowledges wage hike is worsening unemployment

Sept 12, 2018
Economy
Calls rising for pro-corporate policy across board

A widening gap between South Korea’s large, export-oriented companies and its domestically focused smaller enterprises, in terms of both earnings and employment, highlights the need for a pro-corpora...

Sept 12, 2018
Economy
Korea's jobless rate rises in Aug., sluggish job creation continues

South Korea's unemployment rate rose slightly in August due to a fall in employment in the retail and manufacturing sectors, with poorer-than-expected job creation showing no signs of a letup, govern...

Sept 12, 2018
Economy
Declining investment holding back growth

A steep decline in domestic investments is becoming a main drawback on the country’s economic growth, with projections suggesting it is likely to fall short of the government’s target of 2.9 percent ...

Sept 10, 2018
Economy
PM leaves for visit Russia's Vladivostok for economic forum

Prime Minister Lee Nak-yon left for Vladivostok on Monday to attend an annual international economic forum and hold meetings with Russian President Vladimir Putin and Japanese Prime Minister Shinzo A...

Sept 10, 2018
Economy
Current account surplus hits yearly high on growth in semiconductors

Inbound travelers increase amid alleviated geopolitical risks on the Korean Peninsula

Sept 6, 2018
Economy
Korea, India hold talks on trade remedies

South Korea and India have discussed ways to reduce the use of trade remedy measures and promote investment opportunities between the two nations, Seoul's trade ministry said Thursday. Senior offici...

Sept 6, 2018
Economy
Job market expected to improve in earnest next year: official

South Korea's job market is expected to improve in earnest next year, with more than 200,000 new jobs likely to be created in the second half of 2019, the vice chief of the presidential job commissio...

Sept 6, 2018
Economy
US imposes anti-dumping duty on Korean power transformers

The United States Department of Commerce has decided to impose an anti-dumping duty on power transformers made by South Korea's Hyundai Electric & Energy Systems Co., industry sources said Wednesday....

Sept 6, 2018
Economy
Trump says revised Korea trade deal may be signed in 'couple of weeks'

WASHINGTON -- US President Donald Trump said Wednesday that a revised trade deal between the US and South Korea may be signed "in a couple of weeks." Speaking at the White House, Trump indicated the...

Sept 6, 2018
Economy
Soaring debt among self-employed puts economy at risk

A steep rise in debt owed by self-employed people with faltering businesses is a ticking time bomb for the South Korean economy, experts warn. Outstanding loans to the self-employed increased 77 tri...

Sept 5, 2018
Economy
Bank loans soar in August amid heated housing market

South Korea’s major banks saw their household loan balance climb at the fastest pace in almost two years in August, propelled by the mortgage loan uptrend amid the robust real estate market here, sai...

Sept 4, 2018
Economy

The Korea Herald by Herald Corporation

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