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[Graphic News] S. Koreans become world’s biggest spenders on luxury goods
[Antara Haldar] Davos Man has a people problem
[Editorial] Remittance connection
Samsung Galaxy S returns with faster, more eco-friendly design
[Today’s K-pop] Blackpink expands tour yet again
Appellate court rules against local temple claiming ownership of Buddhist statue stolen from Japan
[The Korean Dilemma] What ChatGPT means for Korea
S. Korea may test-fire new 'high-power' Hyunmoo ballistic missile in near future: source
Ex-President Park's aide acquitted of hindering Sewol probe
Democratic Party accuses Yoon of ‘rolling back Moon’s reforms’ of top spy service
Performing arts boast strong ticket sales and revenue in 2022
Remains of ‘Mr. Sunshine’ to return home after 100 years
HLB's anticancer drug receives greenlight in China
[Photo News] Insights on metaverse
N.Korea prioritizes military buildup ahead of army anniversary
SK hynix, hit with first operating loss in decade, to cut spending
[History through The Korea Herald] War orphans, the Holts and seeds borne from tragedy
S. Korea logs highest monthly trade deficit amid sluggish chip demand
Foreign minister to lobby for UN seat, nuke talks on US trip
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Korea's exports soar 24.4% so far in June
Jun 21, 2017
South Korea's exports jumped 24.4 percent in the first 20 days of June from a year earlier on robust overseas demand for semiconductors and ships, customs data showed Wednesday. Total outbound shipments reached $31.9 billion in the June 1-20 period, up from $25.7 billion tallied over the same period last year, according to numbers compiled by the Korea Customs Service. The increase was led by a...
Exports of functional foods to China surge: report
Jun 21, 2017
The exports of South Korean functional foods to China have grown at an annual rate of 41 percent for the past four years, with their market share doubling over the cited period, a report showed Wednesday. According to the report compiled by the Korea International Trade Association, a total of $90 million worth of South Korean health functional foods were shipped to China in 2016. This made up 6...
SME loans from nonbank lenders grow at fast pace
Jun 21, 2017
South Korean nonbank financial institutions' lending to smaller firms surged nearly 10 trillion won ($8.8 billion) in the first four months of the year amid tighter government control on household loans, data showed Wednesday. Nonbank lenders' outstanding loans to small and medium enterprises came to 90.7 trillion won as of the end of April, up 9.9 trillion won from the end of last year, accordi...
[Herald Interview] ‘Stronger, flexible IP protection system needed'
Jun 20, 2017
Acting head of Korea‘s IP agency hails global efforts in creating cost-effective, user-friendly international patent environment
Korea firms urged to expand presence in Africa
Jun 20, 2017
South Korean companies are urged to redouble efforts to expand into Africa's rapidly growing consumer goods markets to secure a new growth driver, a state-run trade promotion agency said Tuesday. In a report, the Korea Trade-Investment Promotion Agency said domestic trading companies need to forge ties with African sales networks and online shopping malls to develop localized products and promot...
Exporters upbeat on Q3 business outlook: poll
Jun 20, 2017
A majority of South Korean exporters expect their business conditions to improve in the third quarter from three months earlier thanks to a global economic recovery, a poll showed Tuesday. The Korea International Trade Association said its export business survey index of 833 exporting companies reached 116.6 for the July-September period, up from 106 for the current quarter. It marks the second...
Korea's current account surplus declined in 2016
Jun 20, 2017
South Korea's current account surplus dropped slightly in 2016 from a year earlier due mainly to decreased exports, data by the central bank showed Tuesday. The current account surplus came to $98.68 billion in 2016, compared with $105.94 billion a year earlier, according to preliminary estimates released by the Bank of Korea. By country, South Korea's current account surplus with the United St...
Creditors issue ultimatum over Kumho Tire brand dispute
Jun 20, 2017
South Korea's state-controlled banks issued an ultimatum Tuesday urging Kumho Asiana Group to make a concession to resolve a dispute over the usage fee of the Kumho Tire brand with China's Qingdao Doublestar Co. At a meeting of shareholders, creditors threatened to "reconsider" financial ties with the group if a deal to sell Kumho Tire to the Chinese company falls through. Creditors, including ...
Fruit prices rise to highest level in 4 yrs amid sweltering heat: data
Jun 20, 2017
The fruit price index soared to the highest level in four years last month, government data showed Tuesday, caused by unseasonably high temperatures that affected output. The index of the prices of 15 major fruits, including apples, pears, grapes, strawberries and tangerines, surged to 118.15 in May, the highest since May 2013, when the figure stood at 118.18, data by Statistics Korea showed. Th...
ICT ministry pushes to expand discount rate of mobile fees
Jun 19, 2017
The ICT ministry said Monday it is pushing to expand the discount rate of household communication fees, such as mobile phone rates, as the expenditures on telecommunication services are viewed as a burden for many South Korean consumers. The plan by the Ministry of Science, ICT and Future Planning was announced during a regular briefing to President Moon Jae-in's policy advisory panel, the State...
Korea tightens lending rules to curb property speculation
Jun 19, 2017
The government said Monday it would apply stricter lending regulations on homes in Seoul and parts of Busan to curb real estate speculation and reduce household debt. The announcement was made jointly by the Ministry of Strategy and Finance, the Financial Services Commission and the Ministry of Construction and Transportation. The new regulations, which are set to take effect on July 3, stipu...
Big screen TV panels to exceed 50% of global market in 2017
Jun 19, 2017
TVs with 50-59 inch display panels are expected to account for more than 50 percent of the global TV market this year, industry data showed Monday, indicating an industry trend toward larger-sized TV panels. According to the data compiled by industry tracker IHS, the share of such big-screen TVs is forecast to reach 51.7 percent this year, exceeding the estimated share of 35.3 percent by models ...
AIIB may finance projects for North Korea
Jun 18, 2017
SEOGWIPO, Jeju Province -- The Asian Infrastructure Investment Bank may finance infrastructure projects for North Korea, if its board of directors agree to it, the head of the China-led multinational lender said Saturday. According to the bank’s articles of agreement, it will invest in its member countries, and whether there is any need or necessity to invest in a nonmember country is the decisi...
Korea's exports to China increase for 6th straight month: KOTRA
Jun 18, 2017
Led by memory chips, petrochemical products and machineries, South Korea's exports to China increased in April for the sixth consecutive month despite Beijing's apparent import restrictions over a diplomatic row, according to data released Sunday. The Korea Trade-Investment Promotion Agency (KOTRA) said that the nation's shipments to the neighbor country jumped 10.2 percent in the month from one...
Korea's chicken exports virtually suspended amid bird flu
Jun 17, 2017
The export of South Korean chickens has effectively come to a halt this year, apparently hit by the spread of avian influenza, government data showed Saturday. The outbound shipment of chickens reached only 139 tons between January and May, down 98.8 percent on-year, according to the Ministry of Agriculture, Food and Rural Affairs. It means the country's chicken exports have virtually been susp...
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