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The Korea Herald

Economy

September 19, 2024
Over half of Koreans plan to spend same on Chuseok gifts as last year: KCCI survey

Most South Koreans showed positive sentiments about spending more on Chuseok gifts this year, despite the ongoing inflation and economic challenges, a recent survey found. According to the survey conducted by the Korea Chamber of Commerce and Industry, the nation’s largest business lobby, more th...
September 12, 2024
Finance chief vows tighter control on household debt

Finance Minister Choi Sang-mok pledged Thursday to control rising household debt and thoroughly take care of the payment crisis involving e-commerce platforms Tmon and WeMakePrice. "The increase in mortgage loans, led by growing housing transactions since around June, has sparked the rise in house...
September 11, 2024
BIS raises alarm on Korea's surging household credit

The Bank for International Settlements has cautioned that South Korea’s expanding private sector credit is beginning to weigh on economic growth, with further increases posing additional risks. The Switzerland-based consortium of central banks recently published a report indicating that while ris...
September 10, 2024
Korean asset managers vie to ride Indian wave

South Korean asset managers are eagerly introducing diverse fund products tracking the Indian stock market, seeking lucrative opportunities in its strong growth. Korea Investment Management, a big-name asset manager here, listed two active funds tracking India-domiciled companies Tuesday, the ACE ...
September 10, 2024
Minister pushes for inheritance tax overhaul

South Korea is set to overhaul its inheritance tax system next year, with the Finance Ministry preparing a bill to tax the inheritors instead of the estate that is being inherited. To enhance fairness and ensure consistency in taxation, as well as align with global trends, the government plans to ...
September 10, 2024
Young Koreans with bad credit surge

The number of young South Koreans with delinquent loans has rapidly increased in the past three years, data by the state-run financial watchdog showed Monday. As of July, 65,887 people in their 20s have been registered at the Korea Credit Information Services as "delinquent borrowers," referring t...
September 08, 2024
[Hello India] India makes fresh overture to lure Korean financial firms

The Financial Supervisory Service and the Embassy of India in Korea, in collaboration with local financial associations, held a joint seminar Friday to promote investment in India. The event featured key officials from Indian financial regulatory bodies and drew around 140 executives from Korean f...
September 05, 2024
[HIT Forum] Honing diplomatic skill of businesses

To safeguard their interest and tackle the threat of geopolitical risk to their operations in foreign markets, Korean firms are asked to develop the skills and mindset of the diplomat, and their first job is understanding the fast-changing regulatory environment with a long-term commitment, experts...
September 03, 2024
AmCham partners with Tools for Humanity for privacy protection

The American Chamber of Commerce in Korea joined hands with Tools for Humanity, the developer of Worldcoin, to stress the importance of personal data protection in the era of artificial intelligence. On Tuesday, the two entities signed a memorandum of understanding at a ceremony held in Seoul, agr...
September 03, 2024
Inflation falls to 2% target

South Korea may be nearing the end of its fight against inflation as the rate of price rises eased to the 2 percent target last month, backed by a retreat in the prices of international crude oil and farm produce, data showed Tuesday. The Consumer Price Index, a key gauge of inflation, advanced 2 ...
September 02, 2024
Officials call for Korea-Mongolia cooperation to scale back trade reliance on China

South Korea and Mongolia need to strengthen cooperation on the supply of critical minerals to lessen their trade reliance on China, officials and experts from the two countries said at the Korea-Mongolia Vision Forum in Ulaanbaatar, Mongolia. Co-hosted by Herald Media Group and the Ahnsei Foundati...
August 29, 2024
Korea Exchange raises guard against biopharma shares

The Korea Exchange, the country's sole bourse operator, has recently voiced alarm about excessive and speculative trading of biopharmaceutical stocks tied to the resurgence of COVID-19 and the spread of mpox. Retail investors' interests in pharmaceutical and biotech stocks have soared in recent we...
August 29, 2024
CEOs at top banks face mixed outlooks on reappointment

The terms of the CEOs at South Korea's five major commercial banks all end on Dec. 31, and speculation is mounting over their reappointments. Strong earnings across the sector, driven by high revenue and profits, may boost some CEOs' chances for an extension. However, others face uncertainty due t...
August 28, 2024
Korea's economy to stop growing without drastic labor change: FKI

South Korea’s economy is expected to stop growing and hit a negative mark in less than 40 yeares if a plunging birth rate and rapidly aging population continue, according to the Federation of Korean Industries on Wednesday. The FKI, a major economic organization, projected that the potential grow...
August 28, 2024
Halt to daytime trading of US stocks leaves investors in limbo

South Korean investors remain unable to promptly respond to changes in the US stock market, as local brokerage firms' suspension of daytime trading service is expected to continue. Following the shutdown fiasco from the market meltdown earlier this month that led to the cancellation of orders wort...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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