The Korea Herald

FINANCE

LATEST NEWS

Economic recovery gathers steam as industrial output growth at 8-month high in Feb.

South Korea's industrial output grew at the fastest pace in eight months in February to recover to pre-pandemic levels, data showed Wednesday, in the latest sign that the economy is on a recovery tra...

Mar 31, 2021
S. Korea's state budget likely to exceed W600tr next year

The government will keep its expansionary fiscal policy stance next year to support the recovery of the coronavirus-hit economy, the government said, hinting at another mega budget exceeding 600 tril...

Mar 30, 2021
[News Focus] Most age groups skeptical on economy

Pessimists outnumber optimists for 34 consecutive months

Mar 30, 2021
Lending rate cap to be lowered to 20% from July

South Korea’s maximum legal interest rate that private lenders can charge customers will be lowered to 20 percent per annum from July, the nation’s top financial regulator said Tuesday. A revised en...

Mar 30, 2021
Savings banks' profit rises 10% in 2020 on interest income

South Korean savings banks reported 10 percent growth in their combined net profit for 2020, thanks to a modest rise in interest income, data showed Tuesday. The combined net income of the 79 saving...

Mar 30, 2021
Rice production costs up 6.5% last year

Rice production costs in South Korea rose 6.5 percent last year as rice output fell due to a record-long rainy season and typhoons, data showed Tuesday. Farmers spent 31,082 won ($27) to produce 20 ...

Mar 30, 2021
Banks' lending rates edge up in February

South Korean banks' lending rates inched up in February amid a slight decline in deposit rates, central bank data showed Tuesday. The average interest rate charged on new bank loans came to 2.74 per...

Mar 30, 2021
S. Korea aims to cement recovery, curb debt growth in 2022 budget

South Korea said Tuesday it plans to maintain an expansionary fiscal policy next year to underpin an economic recovery from the pandemic, but it will also seek to enhance fiscal soundness amid mounti...

Mar 30, 2021
S. Korea to increase tax incentives W3tr this year amid pandemic

Tax exemptions and incentives are expected to rise almost 3 trillion won ($2.6 billion) on-year this year as the country seeks to help vulnerable people cope with the fallout of the pandemic. The va...

Mar 30, 2021
[News Analysis] S. Korea’s longest serving finance minister burdened with recovery, real estate tasks

Finance Minister Hong Nam-ki is set to become the longest serving fiscal chief in South Korean history, but his leadership is facing public pressure for the revival of an economy battered by the COVI...

Mar 29, 2021
Card firms 2020 net rises 23.1% amid pandemic

South Korea's credit card firms saw their combined earnings rise 23.1 in 2020, helped by higher income from loans amid the COVID-19 pandemic, the financial regulator said Monday. The combined net pr...

Mar 29, 2021
Korean shippers, shipbuilders sailing well amid Suez blockage

Shares in South Korea's shipbuilders and shippers have enjoyed decent increases in the past weeks, but this time, they are again on a rising track on expectations for a further climb in freight rates...

Mar 29, 2021
Biz sentiment down for April on uncertainties: poll

South Korea's business sentiment slightly fell for April on increased uncertainties in the electronics and auto manufacturing industries, a local think tank said Monday. The business survey index (B...

Mar 29, 2021
S. Korea's exports predicted to rise 18.3% in March: poll

South Korea's exports are expected to rise 18.3 percent in March from a year earlier to extend the gains for the fifth consecutive month, led by strong demand for chips and automobiles, a poll showed...

Mar 29, 2021
Corporate direct financing jumps 29% in February

South Korea's corporate direct financing jumped 29 percent in February from the previous month due to a modest rise in bond sales, data showed Monday. Local companies raised a combined 19.9 trillion...

Mar 29, 2021

prev
1
2
3
4
5
6
7
8
9
10
next

The Korea Herald by Herald Corporation

Copyright Herald Corporation. All Rights Reserved.

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114