The Korea Herald

Global economic coordination lacking in virus crisis

Mar 15, 2020

With the global economy melting down after the failure of Lehman Brothers in 2008, world leaders swiftly created an international forum that committed to boost economies by spending more and keeping ...
Coronavirus puts 'fragile' global recovery at risk: IMF to G20

Feb 24, 2020

RIYADH (AFP) -- The deadly coronavirus epidemic could put an already fragile global economic recovery at risk, the IMF warned Sunday, as G20 financial chiefs voiced "real concern" over its economic r...
Automakers in China gradually reopen after virus shutdown

Feb 17, 2020

BEIJING (AP) -- Automakers are reopening factories in China that were idled by anti-virus controls as they try to reverse a sales slump in their biggest market. Local officials have orders from the ...
IMF chief sees 'mild' virus impact on global economy

Feb 13, 2020

WASHINGTON (AFP) - It is too early to tell the economic toll from the virus outbreak in China, but the hit to global growth should be "mild," International Monetary Fund chief Kristalina Georgieva sa...
Under Armour may put NYC flagship store on ice, restructure

Feb 11, 2020

Under Armour is plunging in premarket trading after the company said it anticipates a big financial hit from the viral outbreak in China and saying separately that it may need to restructure this yea...
Boeing says 737 MAX return delayed until mid-2020

Jan 22, 2020

NEW YORK (AFP) -- Boeing on Tuesday officially pushed back the timeframe for the 737 MAX to return to the skies, sending shares plunging and overshadowing an earlier announcement of a first flight of...
Carlos Ghosn's escape: What we know

Jan 5, 2020

From jumping bail and fleeing to Lebanon to be met with an arrest notice from Interpol, Carlos Ghosn's escape from Japan has been worthy of a Hollywood plot. Here's what we know about the former Ren...
Official: China hopes for US trade pact as tariff hike nears

Dec 9, 2019

A Chinese official says Beijing wants a prompt settlement of its trade war with Washington. A deputy commerce minister said Monday that Beijing wants "satisfactory results as soon as possible.'' The...
[Graphic News] Air New Zealand named world’s best airline 2020

Dec 8, 2019

Air New Zealand has dethroned Singapore Airlines to reclaim the title of world’s best airline for the sixth time. AirlineRatings.com released the latest edition of its annual ranking, which is bas...
China introduces mandatory face scans for phone users

Dec 1, 2019

BEIJING (AFP) -- China will require telecom operators to collect face scans when registering new phone users at offline outlets starting Sunday, according to the country's information technology auth...
E-commerce giant Alibaba raises $11 billion in share listing

Nov 20, 2019

The Chinese e-commerce giant Alibaba has raised at least $11 billion in a share offering in Hong Kong, netting the city's biggest offering since 2010 despite recent political turmoil. Alibaba said W...
[Graphic News] Global market size for luxury goods and jewelry

Nov 19, 2019

According to Euromonitor International, global luxury goods sales reached $954 billion in 2017 and the global market grew 5 percent in 2018 across most segments. Luxury cars sales accounted for al...
Saudi Aramco's IPO Is Vulnerable to the Russians

Nov 12, 2019

In finance, as in comedy, timing is everything. Get it right and you have investors (or the audience) in the palm of your hand. Get it wrong and the ensuing silence is painful. Saudi Arabia has step...
[Graphic News] No. of China’s ‘unicorn’ startups exceed US for first time

Nov 11, 2019

China now has more privately held startups valued by investors at over $1 billion than the US, a report said. There were 206 Chinese firms out of a global total of 494 ultravaluable startups - kno...
Beyond vegan burgers: next-generation protein could come from air, methane, volcanic springs

Nov 6, 2019

It may sound like science fiction, but in a few short years the family dinner table may be laden with steak from a printer and other proteins produced from air, methane or volcanic microbes. With...