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The Korea Herald

Economy

May 03, 2024
KASA chief vows full support for private-led space missions

Korea’s new state space agency, the Korea AeroSpace Administration, or KASA, will focus on rearranging roles with the private sector to support companies to lead commercial space developments while the government concentrates on long-term space projects, the nominee for the top leadership position...
May 02, 2024
Inflation eases in April, continues ‘bumpy’ ride

South Korea's inflation fell to the 2 percent range as the country’s directive to lower price growth goes down a “bumpy” path on fluctuations in the oil and agricultural prices, data showed Thursday. Consumer prices, a key metric of inflation, rose by 2.9 percent in April, marking a 0.2 percent...
May 02, 2024
[Herald Interview] Former IEA chief calls for strong global governance to achieve net zero

The Paris Agreement, an international treaty on climate change, calls for limiting the global temperature increase to 1.5 degrees Celsius above pre-industrial levels, stressing that emissions need to be reduced by 45 percent by 2030 and reach net zero by 2050. Nobuo Tanaka, former executive direct...
May 02, 2024
[KH Explains] Will alternative trading platform shake up Korean stock market?

Korea’s stock market is set to enter a new phase with the upcoming launch of the first alternative trading system for the Korea Exchange, the nation’s sole bourse operator that has enjoyed almost 70 years of monopoly. Nextrade, a consortium of 34 securities and tech firms established in November...
May 02, 2024
Exports to US reach all-time high, widen gap with China

South Korea's exports increased for seven straight months, jumping 13.8 percent in April on strong chip demand and record-high automobile sales. Exports to the US, in particular, reached an all-time high, further widening the gap with China, the country's second-largest export destination. Outbou...
April 30, 2024
Ministry launches special team to end dog meat consumption by 2027

The Ministry of Agriculture, Food and Rural Affairs on Tuesday launched a special commission dedicated to ending dog meat consumption in the country by 2027. Earlier on Jan. 22, the ministry had introduced a task force to iron out the details of implementing a government plan to end the practice, ...
April 25, 2024
7 out of 10 wealthy Koreans offer grim outlook for 2024

The report also highlights that the total assets of wealthy individuals shrunk from an average of 7 billion won to 6 billion won during the COVID-19 pandemic, primarily due to falling real estate and stock prices. As of the end of last year, real estate accounted for 50 percent of the wealthy's to...
April 25, 2024
Korea enters clear growth path as Q1 growth hits 2-year high

South Korea’s economy expanded at the fastest clip in more than two years in the first quarter as private spending and exports picked up, the central bank said Thursday. The country's real gross domestic product grew 1.3 percent on-quarter in the January-March period, accelerating from a 0.6 perc...
April 25, 2024
Eximbank to nurture regional development specialists

The state-run Export-Import Bank of Korea said Thursday that it planned to dispatch 34 young regional specialists to 13 developing countries under its Economic Development Cooperation Fund, aimed at cultivating a new generation of experts in global development cooperation. As a member of the OECD ...
April 24, 2024
Korean investment in US almost doubles from pre-pandemic: report

South Korea's investment in the US increased about 1.8 times last year compared to the pre-COVID-19 period as major conglomerates set up large-scale facilities in the eastern part of the country, a report from a business lobby group showed Wednesday. According to the report published by the Korea ...
April 23, 2024
[Herald Interview] Bridging Korea, Philippines for better future

Building bilateral ties between Korea and the Philippines could be a means to boosting the livelihoods of the people of each country for Luis Chavit Singson, chairman of the Philippines’ LCS Group of Companies, and boxing legend Manny Pacquiao. Singson and Pacquiao, longtime friends and investmen...
April 23, 2024
Aging population to drive down Korea's housing prices from 2040: experts

South Korea's housing prices are expected to see a long-term decline starting in 2040, hit by the nation’s falling birth rate and quickly aging society, according to experts who joined a Seoul seminar hosted by construction project management firm Hanmi Global on Tuesday. "In 2025, South Korea wi...
April 22, 2024
Korea's food inflation surges to third-highest in OECD

South Korea's food inflation spiked to 6.95 percent in February, the third-highest among member countries of the Organization for Economic Cooperation and Development. The OECD statistics for February announced Sunday reveal that Korea ranks third among 38 OECD member countries in terms of food an...
April 19, 2024
S. Korea pledges W23tr venture capital fund for green investment at G20 meeting

South Korean Finance Minister Choi Sang-mok unveiled the country's plan to bolster green investment in the private sector by establishing a venture capital fund worth 23 trillion won ($16.6 billion), the ministry said Friday. Emphasizing the importance of leveraging private capital for climate fin...
April 18, 2024
Trilateral talks acknowledge ‘serious’ slumps of won, yen

The top finance policymakers of South Korea, the US and Japan shared their concern on the recent devaluation of the Korean won and the Japanese yen during their first trilateral talks Wednesday. Korea's Finance Minister Choi Sang-mok, US Treasury Secretary Janet Yellen and Japan's Finance Minister...

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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
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