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[Federico Fubini] Did Kremlin use proxies to bring down Draghi?
[Joel Griffith] Main culprits for the priciest housing
[Editorial] Pandemic impact
[Photo News] Seoul floods: Scenes of chaos on Monday night
Central region suffers damage after heavy rain
[Herald Interview] Boosting cooperation in energy, food security, technology vital to Argentina-Korea ties
N. Korea appears to release border dam water without prior notice: official
‘Over 500,000 dogs are raised for meat in Korea’
Golden Child challenges itself with 6th EP ‘Aura’
Was Pelosi ‘snubbed’ in South Korea?
Neck fans, a clever or harmful invention?
[Herald Interview] Min-jin Lee hopes to make all readers Korean
Foreign Minister heads to China for talks with Wang Yi
Seoul weighs ‘Chip 4’ alliance as ties with China hang in balance
Coupang starts financing service
[Today’s K-pop] NCT127 to return next month: report
‘Children need to play’
Korea to expand foreign workforce quota, seek fast entry
Why is S. Korea trying to strengthen border controls in Jeju?
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BTS’ hiatus announcement rattles Hybe shares
Markets
Jun 15, 2022
Shares of Hybe, the agency behind K-pop sensation BTS, fell almost 25 percent on Wednesday, rattled by the boy band’s announcement that it will take time off from group activities to pursue solo projects. Hybe shares closed 24.87 percent lower from the previous session at 145,000 won ($112.5). It had opened at 168,000 won after closing at 193,000 won in the previous session. Within the first ho...
JP Morgan predicts BOK's 'big-step' rate hike amid inflation woes
Economy
Jun 15, 2022
Global investment bank JP Morgan on Wednesday forecast that South Korea's central bank could take a "big step" of raising its interest rate by 50 basis points as part of efforts to keep a lid on growing inflation pressure. JP Morgan also expected the Bank of Korea (BOK) to continue the sequence of its rate hikes in the months to come and raise the rate to as high as 3 percent by the end of the y...
Auto exports up 19.1% in May on solid demand for eco-friendly cars
Economy
Jun 15, 2022
South Korea's car exports rose 19.1 percent in May from the previous year on the back of global popularity of eco-friendly cars, data showed Wednesday. Outbound shipments of automobiles stood at 182,869 units last month, compared with 150,894 units a year earlier, according to the data from the Ministry of Trade, Industry and Energy. In terms of value, auto exports grew 18.9 percent on-year to ...
Seoul shares open lower ahead of Fed's rate hike decision
Markets
Jun 15, 2022
Seoul shares opened lower Wednesday as investors remained jittery over the path that the Federal Reserve will take on monetary policy this week amid surging inflation. The Korea Composite Stock Price Index (KOSPI) fell 15.36 points, or 0.62 percent, to 2,477.61 points in the first 15 minutes of trading. Overnight, US shares closed mixed ahead of the conclusion of the Fed's two-day interest rate...
Report: S. Korea's global competitiveness ranking falls to 27th in 2021
Economy
Jun 15, 2022
South Korea's global competitiveness ranking fell by four notches this year from the previous year amid the economic slowdown and a continued rise in the national debt, a report showed Wednesday. South Korea ranked 27th in terms of global competitiveness among 63 countries surveyed, according to the 2022 report by the International Institute for Management Development (IMD). The IMD, a Switzerl...
As US Fed decision looms, Kospi sinks under 2,500
Markets
Jun 14, 2022
Financial authorities say Korea faces uncertainties, market volatility expanding
Seoul stocks down for 6th day on rate hike woes; Korean won further losing ground
Markets
Jun 14, 2022
South Korean stocks fell to a fresh 19-month low Tuesday to extend their losing streak to a sixth day as investors were wary of a larger-than-expected interest rate hike in the US and a global economic recession. The local currency continued to slide against the US dollar. The Korea Composite Stock Price Index (KOSPI) lost 11.54 points, or 0.46 percent, to close at 2,492.97 after falling to as l...
Yoon vows supply-side efforts to tame inflation
Economy
Jun 14, 2022
President Yoon Suk-yeol pledged Tuesday to make all-out efforts to curb soaring inflation by resolving issues on the “supply side.” “The administration plans to take all possible steps to resolve issues on the supply side as the inflationary pressure is stemming from the supply side,” Yoon told reporters as he arrived at the presidential office. Tuesday’s vow follows Yoon’s orders to officials ...
ICT exports up 14% in May on solid demand for chips, displays
Economy
Jun 14, 2022
South Korea's exports of information and communication technology (ICT) products rose 13.9 percent in May from a year earlier on brisk overseas demand for chips and displays, data showed Tuesday. Outbound shipments of ICT products came to $20.2 billion last month, up from $17.73 billion a year earlier, according to the data compiled by the Ministry of Science and ICT. It marked the highest-ever...
BOK ready to take measures amid market turmoil
Economy
Jun 14, 2022
South Korea's central bank said Tuesday it plans to "actively" take steps to stabilize the financial market hit hard by fears about the Federal Reserve's more aggressive rate hikes than previously thought. Global financial markets have been roiled this week amid the growing prospect that the Fed may hike interest rates by a larger-than-expected margin of 0.75 percentage point this week to tame h...
Seoul shares open lower on rate hikes, recession woes
Markets
Jun 14, 2022
Seoul shares got off to a weak start Tuesday, tracking a sharp plunge on Wall Street, on concerns over more aggressive monetary tightening by the United States to tame inflation and its impact on global economic growth. The Korea Composite Stock Price Index (KOSPI) fell 22.72 points, or 0.91 percent, to 2,481.79 points in the first 15 minutes of trading. On Monday, the index dipped to a 19-mont...
Kospi hits 19-month low as US inflation skyrockets
Markets
Jun 13, 2022
South Korea’s benchmark Kospi closed at 2,504.51 Monday, its lowest level since Nov. 13, 2020 when it fell to 2,493.87, as investors priced in a big-step US rate hike amid a record annual increase in US consumer prices in May. A month earlier, US consumer prices surged 8.6 percent on-year, the largest gain since 1981 on record-high gasoline prices and soaring food costs, fueling bets on a sharpe...
Rate hike fears send Seoul stocks to 19-month low; Korean won sharply dips
Markets
Jun 13, 2022
South Korean stocks crashed to a 19-month low Monday as high inflation sparked fears of a potential aggressive monetary tightening in the US and a slowdown in global economic growth. The local currency fell sharply against the US dollar. The Korea Composite Stock Price Index (KOSPI) lost 91.36 points, or 3.52 percent, to close at 2,504.51, extending losses for the fifth consecutive session. It i...
Trade deficit hits $5.6b on decline in exports
Economy
Jun 13, 2022
Korea’s exports fall 12%, imports up 17% during June 1-10
[Newsmaker] [Herald Interview] ‘Even in bearish market, K-pop-themed ETF will shine’
Markets
Jun 13, 2022
S. Korean designer of KPOP ETF ready for July debut in US hopes to manage at least W1tr
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[Photo News] Seoul floods: Scenes of chaos on Monday night
South Korea is shrugging off omicron’s summer return
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Whereabouts of 55 Thai tourists on Jeju unknown
Central region suffers damage after heavy rain
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[Newsmaker] Foreign language high schools await their fate
Education Minister offers to resign after month in office
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1,000 evacuated after bomb threat targeting Jamsil Sports Complex
North Korea says Yoon’s ‘audacious plan’ is rehashed ‘waste’
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Yoon vows to uphold people's will upon returning from vacation
Walking tour of Gwanghwamun Square, Cheong Wa Dae
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