The Korea Herald

Just hours left to secure a Brexit deal before EU summit

Oct 15, 2019

Britain must reach a Brexitagreement with the EU by the end of Tuesday so it can beapproved at a leaders‘ summit this week, the bloc’s officialsand diplomats said, otherwise Britain‘s scheduled departure date of Oct. 31 could be pushed back. Officials said it was still possible to reach a deal over customs arrangements on the island of Ireland by the Tuesday deadline, and if it was missed, an...
[Graphic News] New York world’s top financial center

Oct 14, 2019

New York has extended its lead as the world’s top financial center, with London barely holding on to second place ahead of Hong Kong, as uncertainty over Brexit takes its toll on the UK capital, a Z/Yen Group survey showed. Singapore, Shanghai, Tokyo, Beijing, Dubai, Shenzhen and Sydney make up the remainder of the top 10 centers, the Global Financial Centers Index said in a statement. South...
[Graphic News] Tether becomes most used cryptocurrency in world

Oct 13, 2019

What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70 percent of all the digital-asset world’s market value, you’re probably wrong. While concrete figures on trading volumes are hard to come by in this often murky corner of finance, data from CoinMarketCap.com shows that the token with the highest daily and monthly trading volume is Tether, ...
[Graphic News] Property bubble risks in EU rise

Oct 8, 2019

The risk of a property bubble in the eurozone surged last year as ultralow interest rates helped drive up house prices. Munich is now the city most vulnerable to a property bubble, according to UBS Group’s annual Real Estate Bubble Index. Frankfurt and Paris are increasingly in danger of prices becoming unsustainable, even as some of the priciest cities around the world cool, the report said. ...
[Graphic News] Biggest buyers of Saudi Arabian oil

Sept 22, 2019

Yemen’s Iran-aligned Houthi group last week attacked two plants at the heart of Saudi Arabia’s oil industry in a strike that could impact about 5 million barrels per day of crude production - close to half of the kingdom’s output, or 5 percent of global oil supply. The Saudis are the world‘s biggest oil exporters, sending more than 7 million barrels of crude to numerous destinations around the...
Wall Street slides a day after Fed rate cut

Sept 20, 2019

NEW YORK (AFP) -- US stocks went nowhere on Thursday as investors lost their appetite in afternoon trade, a day after the US central bank delivered a widely expected shot of stimulus. At the close, the benchmark Dow Jones Industrial Average was down 0.2 percent at 27,094.79, erasing earlier gains in the day. Meanwhile, the broader S&P 500 was flat, hovering near record levels at 3,006.79, while...
[Graphic News] Aramco is the biggest oil firm in the world

Sept 18, 2019

Drones attacked the world’s largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco last weekend. Aramco is the biggest energy company in the world. It produces and exports more than 9.5 million barrels of Saudi Arabia’s oil per day to consumers around the world, primarily in Asia.
Trade war cited as cause for 10,000 layoffs in US in August: report

Sept 5, 2019

WASHINGTON (AFP) -- The pace of downsizing at American companies surged last month, with more than 10,000 job cuts blamed on “trade difficulties” alone, according to figures released Thursday. Employers also announced the most layoffs of any August since 2009, the outplacement firm Challenger, Gray & Christmas said. Job cuts rose 38 percent over July, with 53,480 positions to be slashed from em...
US, Poland sign joint document on 5G technology cooperation

Sept 2, 2019

The US and Poland signed an agreement on Monday to cooperate on new 5G technology amid growing concerns about Chinese telecommunications giant Huawei. Vice President Mike Pence and Polish Prime Minister Mateusz Morawiecki signed the deal in Warsaw, where Pence is filling in for President Donald Trump, who scrapped his trip at the last minute because of Hurricane Dorian. The signing comes amid a...
Trump claims serious trade negotiations with China to begin

Aug 26, 2019

BIARRITZ, France — President Donald Trump, facing pressure to scale back a US-China trade war contributing to a global economic slowdown, claimed Monday that serious talks will begin soon although another round has been expected in Washington in September. Trump said his trade negotiators had received two “very good calls” from China on Sunday. But a spokesman for China’s foreign ministry said M...
[Graphic News] China world’s No. 1 rare earth producer

Aug 26, 2019

Vital for smartphone screens, electric vehicle batteries and wind turbines alike, rare earths are highly sought after. These metals and elements have become indispensable for many advanced industries. About 35 percent of the world’s rare earth reserves are in China, which produced 120,000 metric tons, or 70 percent, of the global supply in 2018. (AFP)
[Graphic News] Samsung No. 2 patent holder in US in 2018

Aug 21, 2019

Samsung Electronics ranked second in terms of the number of patents filed in the United States last year, a report by a US patent association showed. Samsung registered 5,836 patents in the US last year, trailing behind IBM with 9,088 patents, the Intellectual Property Owners Association said. Samsung’s rival LG Electronics was the seventh-largest patent holder with 2,473, moving up one not...
[Graphic News] Korea's coal consumption up in 2018, bucks global trend

Aug 20, 2019

South Korea’s coal consumption increased last year, bucking the global trend for reducing carbon emissions, a report showed. South Korea consumed 88.2 million tons of oil equivalent, a unit of energy, in 2018, up 2.4 percent from a year ago, according to the London-based energy company BP’s Statistical Review of World Energy 2019. The latest figure makes South Korea the world’s fifth-largest...
[Graphic News] S. Korea’s electronics output ranks 3rd in 2018

Aug 5, 2019

South Korea’s electronics output was the world’s third largest in terms of value last year thanks to brisk sales of memory chips, an industry report showed. The total production of the electronics industry in Asia’s fourth-largest economy came to $171.1 billion in 2018, accounting for 8.8 percent of the global market, the Korea Electronics Association said in the report. China’s electronics ...
[Graphic News] Huawei still No. 2 smartphone seller despite US sanctions, Samsung No. 1

Aug 4, 2019

Huawei Technologies remained the No. 2 global smartphone vendor in the past quarter despite tough US sanctions imposed on the Chinese technology giant, market trackers said. The Chinese firm managed to boost its sales even as the overall market declined, remaining on the heels of sector leader Samsung and ahead of US-based Apple. According to Strategy Analytics, overall global smartphone sal...