The Korea Herald

[Newsmaker] Seoul Metro union calls off planned walkout on last-minute deal

Social affairsSept 14, 2021

The unionized workers of Seoul Metro, operator of the Seoul subway system, called off a planned walkout that was set to take place Tuesday as they reached a last-minute deal with the management. The...
[Newsmaker] Yoon Seok-youl allegations threaten to push political arena

PoliticsSept 13, 2021

The allegations surrounding conservative presidential hopeful Yoon Seok-youl are expanding, with Yoon accusing the head of the National Intelligence Service of meddling in a presidential election. O...
[Newsmaker] Retail investors sweep W1tr Kakao shares hit by short attack, regulation

MoneySept 12, 2021

Retail investors bought more than 1 trillion won ($854 billion) worth of Kakao shares for three days from Wednesday to Friday, when they fell 15 percent amid record short-selling triggered by mounti...
[Newsmaker] Opposition party files complaint against CIO over alleged illegal raid

PoliticsSept 11, 2021

The main opposition People Power Party (PPP) on Saturday filed a complaint with the prosecution over what it called an illegal raid against one of its lawmakers in a snowballing political meddling sc...
[Newsmaker] Demand for apartments on rise despite loan restrictions

MarketsSept 10, 2021

Demand for apartments in South Korea’s capital and the surrounding areas continued to rise for two consecutive weeks, despite the central bank’s latest rate hike and financial institutions’ efforts t...
[Newsmaker] Wireless EV charging service and 9 others approved under regulatory sandbox

TransportSept 9, 2021

Wireless charging stations for e-scooters will also make their debut. Users of scooter sharing services will no longer have to go to charging stations to plug in their vehicles, but charge them remo...
[Newsmaker] Disney+ arrival heralds fiercer competition in Korean streaming market

BusinessSept 8, 2021

After years of courtship by mobile carriers, Disney+, another US-based content giant, is to arrive in South Korea in November, raising expectations of a new phase of growth for the local streaming ma...
[Newsmaker] LX Hausys enters race for top furniture maker Hanssem

RetailSept 7, 2021

LX Hausys, formerly LG Hausys, which specializes in windows and interior materials, has entered the race to acquire South Korea’s top furniture maker Hanssem. The company, which is part of LX Group ...
[Newsmaker] Over 90% of public says climate crisis should be major presidential election issue: survey

Social affairsSept 6, 2021

More than 90 percent of South Koreans think the climate crisis should be a prominent issue in the upcoming presidential election, a survey showed Sunday. According to the Gallup Korea poll, conducte...
[Newsmaker] Sales of local restaurants dropped during COVID-19 pandemic

IndustrySept 5, 2021

Sales of local restaurants and bars have dropped to their lowest level due to toughened social distancing rules during the COVID-19 pandemic, government data showed Sunday. According to the Korean S...
[Newsmaker] Demand for apartments higher despite rate hike

MarketsSept 3, 2021

South Korea’s demand for apartments in the capital and its surrounding areas only got higher, despite the central bank’s recent decision to end 15 months of record-low interest rates, data showed Fri...
[Newsmaker] Hyundai Heavy readies to become first-mover for eco-friendly ships via W1.08tr IPO

MarketsSept 2, 2021

Hyundai Heavy Industries announced a blueprint to usher in a paradigm shift in the global shipbuilding industry of its planned market debut on the South Korean main board Kospi on Sept. 16. The majo...
[Newsmaker] A majority of Koreans support ban on raising dogs on short leash

Social affairsSept 1, 2021

Dogs living outside on a short leash are a common sight in Korea, but the majority of people here feel such practices should be banned by law, a survey shows. Private animal welfare research institu...
[Newsmaker] 'It is regrettable that I failed to kill more'

Social affairsAug 31, 2021

The Seoul court issued an arrest warrant for a 56-year-old sex offender surnamed Kang, who is suspected of murdering two women, saying he could flee. Kang with 14 prior criminal convictions, includi...
[Newsmaker] S. Korea proposes record W604tr budget for 2022 amid pandemic

EconomyAug 31, 2021

South Korea on Tuesday proposed a record high budget of 604.4 trillion won ($519 billion) for next year as it plans to maintain expansionary fiscal spending to cement the economic recovery and narrow...