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The mayor of Seoul said on April 4 that his government will spend 1.9 trillion won ($1.67 billion) by 2022 to develop the capital city into one of the world’s top five hubs for startups. Mayor Pa...
South Korea’s monthly current account surplus edged down in February from a year earlier amid sluggish exports, central bank data showed on April 4. The country’s current account surplus came to ...
South Korea’s consumer prices rose at the slowest pace in nearly 20 years in March on a drop in petrochemical products and a stabilization of prices of vegetables, government data showed on April 2. ...
The government plans to draw up an extra budget in April to cope with fine dust and prop up the slowing economy in a pre-emptive manner, officials said on April 2. The decision was made at a meet...
South Korea’s exports moved down 8.2 percent in March from a year earlier, government data showed on April 1, due to falling global prices of chips coupled with the slowing Chinese economy. Outbo...
The Cabinet on March 26 approved guidelines for next year’s budget that focus on, among other things, measures to revitalize the economy and bolster the social safety net. The government plans to...
The government plans to provide loans of 600 billion won ($528.60 million) to support self-employed business owners who are struggling with lackluster private spending, soaring rent costs and tougher...
South Korea’s tax authorities have launched an industrywide tax evasion probe into local entertainment and nightclub businesses, fueled by scores of allegations surrounding K-pop star Seungri’s sex b...
South Korea rolled out a blueprint to foster its robot industry on March 22 with the aim of becoming the fourth-largest player in the sector with a market size of 15 trillion won ($13.2 billion) in 2...
South Korean exports of information and communications technology products slipped for the fourth straight month in February, mainly due to sluggish overseas demand for semiconductors, government dat...
An undisclosed number of US states have launched an investigation into “spontaneous fires” involving vehicles of Hyundai Motor and Kia Motors. Connecticut Attorney General William Tong said on Ma...
South Korea’s Industry Ministry said on March 19 it will sharply reduce the import surcharge imposed on liquefied natural gas in line with the government’s efforts to control fine dust pollution. ...
The Cabinet approved tax expenditure programs to help create jobs and boost innovation-led growth, the finance ministry said on March 19. Tax expenditures involve programs that allow working-clas...
The Korea Herald is publishing a series of articles and videos about some of the most expensive and fascinating landmark office buildings in Seoul. -- Ed. Defining the symbolic cityscape of Seoul...
South Korea’s 10 largest conglomerates held record-high cash reserves last year, as they earned more on thriving chip businesses but spent less on fears of a sluggish economic outlook. According to...
Netmarble picked as preferred bidder for Coway
NetMarble investors look Woongjing Coway deal with a wary eye
KRX defers delisting decision for Kolon TissueGene
Samsung Galaxy Fold available again in Korea, soon in Japan, China
Hyundai hires ex-Audi CEO for US operations of Genesis
Lotte REIT raises W430b in IPO ahead of Kospi listing
Hanwha showcases defense technologies at US’ largest land power expo
Facebook ups ante in video platform market
October 14, 2019
