The Korea Herald

Debt crisis may still spread to core: IMF

IndustryMay 13, 2011
BOK needs power to supervise banks: chief

May 13, 2011

The Bank of Korea should be given rights to supervise financial institutions independent of other financial authorities, BOK Governor Kim Choong-soo said Friday. Speaking after the monthly rate revi...
Facebook-Google rivalry intensifies with PR fiasco

TechnologyMay 13, 2011

The intense rivalry between Facebook and Google just got juicier. In a twist seemingly out of a Hollywood thriller, Facebook hired a prominent public relations firm to try to plant stories harshly c...
BOK freezes key rate at 3 %

May 13, 2011

BOK freezes key rate at 3 % South Korea's central bank unexpectedly froze the key interest rate on Friday for the second straight month as economic uncertainty such as the eurozone debt crisis persi...
[Urgent] BOK freezes key rate at 3 pct for 2nd month

May 13, 2011

South Korea's central bank unexpectedly froze the key interest rate on Friday for the second straight month as economic uncertainty such as the eurozone debt crisis persists even in the face of infla...
Prosecutors discover more FSS misconduct

May 12, 2011

Prosecutors have uncovered additional alleged ethical breaches by former and incumbent staff at the Financial Supervisory Service. The further allegations of corruption by FSS officials are adding t...
Hostess bars grow despite recession

May 12, 2011

There were more hostess bars at the height of the financial crisis than five years previously, showing, the entertainment business resilience even while most other sectors suffered, a government repo...
Korea to curb rise in farm emissions

IndustryMay 12, 2011

South Korea plans to considerably decelerate the growth in greenhouse gases emitted by the country’s farming sector as part of its broader efforts to help stem global warming, the government said Thu...
Over 8 million jobs taken by 50s or older

May 12, 2011

The number of employed people over 50 has exceeded 8 million for the first time, reflecting an older workforce brought on by Korea’s fast-aging society. Statistics Korea said Thursday that the numbe...
Korean Air to hire 500 more flight attendants

IndustryMay 12, 2011

Korean Air, the country’s No. 1 air carrier, said Thursday that it will recruit an additional 500 flight attendants this month. The recruitment, which is on the largest scale ever, comes shortly aft...
Google’s Android dominates OS market, boosted by key vendors

IndustryMay 12, 2011

Recent research has found that more than three in 10 wireless gadget users own an electronic device that runs on Google’s Android mobile operating system, putting strong emphasis on its openness. Ac...
Samsung ‘unfazed’ by competition

IndustryMay 12, 2011

Group’s semiconductor chief skeptical of Elpida’s DRAM chip claims Samsung Electronics appeared to be keeping its cool despite concerns about intensifying competition posed by global IT companies su...
Money supply growth declines to 7-year low

May 12, 2011

Korea’s money supply grew at the weakest pace in nearly seven years in March as payments of corporate tax drained money circulation, the central bank said Thursday. The country’s M2, a narrow measur...
Banks to buy W1tr in toxic loans in June

May 12, 2011

Eight major commercial banks will next month purchase toxic loans totaling 1 trillion won ($923.6 million) issued to the construction sector as part of a bid from the nation’s financial regulators to...
Home-backed lending jumps W2.4tr in April

May 12, 2011

Korean banks’ home-backed loans grew by the largest amount in four months in April as the economic recovery spurred loan demand, the central bank said Thursday. Local banks’ mortgage loans reached a...