The Korea Herald

iPhone 6s to launch in Korea on Oct. 23

IndustryOct 9, 2015

U.S. tech giant Apple Inc.'s latest iPhone 6s series is set to reach the South Korean market, industry sources said Friday, signaling another battle with domestic brands such as Samsung and LG. The ...
Blatter suspended as FIFA president

World NewsOct 9, 2015

Sepp Blatter is out of a job at FIFA. Michel Platini might never even get there. Two of the most powerful men in soccer were handed 90-day suspensions by the FIFA ethics committee on Thursday, essen...
S. Korea beat Kuwait for 4th straight win in World Cup qualification

SoccerOct 9, 2015

South Korea defeated Kuwait 1-0 here Thursday for their fourth consecutive victory in the Asian qualification for the 2018 FIFA World Cup, inching closer to their ninth straight appearance in the qua...
U.S. commander says N. Korea capable of firing nuclear missile to homeland

North KoreaOct 9, 2015

A top U.S. military commander has said he believes North Korea is capable of firing a nuclear missile that can reach the continental United States, but the country's ready to defend against such atta...
Government plans to kick out underperforming public workers

Oct 5, 2015

The Finance Ministry plans to map out a guideline on dismissing employees at state-funded agencies or institutions with poor performance records, as part efforts to reform the public sector. The pol...
Financial markets face lackluster month as U.S. rate issue resurfaces

Oct 2, 2015

South Korea’s financial market is likely to face another tough test this month as the possibility of a base rate hike in the U.S. has come to the fore again, even as many market participants had expe...
New economic data inspires hope despite G2 risks

Oct 1, 2015

While the economic forecasts for Korea in the third quarter of the year have been mostly gloomy in the wake of the so-called G2 risks -- China’s economic slowdown and the likelihood of the U.S. key r...
Financial groups still reliant on banking profits

Sept 29, 2015

South Korea’s financial sector has yet to mature in terms of diversifying its profit-taking structure, data from the Financial Supervisory Service showed Tuesday. According to an analysis of eight f...
Korea’s exports likely to drop 4-6% this year

Sept 22, 2015

South Korea’s exports are expected to post negative growth this year in the wake of an economic slowdown in its major trade partners including China, officials and experts said Tuesday. Exports acco...
Uncertainty lingers on despite U.S. rate freeze

Sept 18, 2015

The uncertainty about financial volatility at home and abroad is expected to linger on until late October as the U.S. Federal Reserve decided to keep interest rates on hold in its September meeting a...
KOSPI fails to top 2,000 despite U.S. rate freeze

Sept 18, 2015

The uncertainty involving the likelihood over the U.S. rate hike is expected to linger on at least five more weeks until late October, as the Federal Open Market Committee overnight chose to freeze i...
[URGENT] FOMC freezes base rate

Sept 18, 2015

[URGENT] FOMC freezes base rate The U.S. Federal Open Market Committee kept the benchmark interest rate untouched at 0-0.25 percent per annum on Friday (Korean time). ( khnews@heraldcorp.com )
Stocks hit 1-month high ahead of FOMC meeting

Sept 16, 2015

Stocks and currency gained sharply in the domestic market Wednesday on the back of Standard & Poor’s upgrade of Korea’s sovereign rating a day earlier and the overnight increase of the U.S. bourse. ...
Korea’s household debt ratio soars

Sept 15, 2015

South Korean households’ debt problem is higher than other emerging economies, a research report from a Swiss financial organization showed Tuesday. According to the Bank for International Settlemen...
Finance Ministry urged to tackle rising national debts

Sept 14, 2015

The Ministry of Strategy and Finance has come under criticism for reportedly inflating its yearly growth target, which caused the government to see far less-than-expected tax revenue, opposition lawm...