The Korea Herald

N. Korea-U.S. talks 'positive,' says S. Korean official

North KoreaJul 31, 2011

The recent talks between North Korea and the U.S. in New York may not immediately resolve their differences but represent a positive "first step" toward more discussions, a South Korean official said...
Korean won’s steep rise feared to hurt exporters

Jul 31, 2011

The Korean government is set to face an uphill battle in keeping the Korean won from appreciating at a rapid clip as the U.S. debt crisis is sending ripples throughout financial markets across the wo...
Growth takes a backseat before presidential vote: Morgan Stanley

Jul 31, 2011

With the presidential election slated for December 2012, the Korean administration is likely to focus on firmer fiscal policy and welfare promotions rather than growth-oriented measures in a bid to a...
Ratio of exports to GDP hits new record in Q2

Jul 28, 2011

The weight of exports in the South Korean economy hit an all-time high in the second quarter, central bank data showed Thursday, underlining the country’s heavy dependence on overseas shipments for e...
35m Cyworld, Nate users’ information hacked

TechnologyJul 28, 2011

SK Communications Co. said on Thursday that personal information of its 35 million online users has been hacked, marking South Korea’s worst online security breach and sparking fears that the leak co...
Korea’s GDP growth slows to 0.8% in Q2

Jul 27, 2011

Export growth eases, inventory tumbles amid rising prices South Korea’s economic growth slowed down in the second quarter, hurt by lower-than-expected exports and a steep decline in inventory amid i...
Transfer of wealth via stock gifts rises

Jul 26, 2011

The largest shareholders at Korea’s listed firms have reaped huge profits through gifted stocks in the past five years, taking advantage of fluctuations in the financial markets, a local source revea...
SC First labor, chiefs still poles apart on pay

Jul 26, 2011

With no immediate end in sight for a prolonged strike, the labor and management of SC First Bank appear to be playing a game of chicken over its pay system, which could end up in a no-win situation f...
Government, BOK seek new relationship

Jul 25, 2011

Finance Ministry, central bank hold first consultation meeting South Korea’s Finance Ministry and the central bank held their first meeting to share views on macroeconomic policy on Monday in Seoul,...
Mirae Asset denies takeover bid for Italian luxury brand

Jul 25, 2011

Mirae Asset Financial Group, Korea’s major mutual fund manager, on Monday formally denied a local report that it is seeking to take over an Italian luxury brand maker. “There is no truth in the news...
Major employers hire more high school graduates

Jul 24, 2011

Banks, major firms expand hiring of high school graduates All eyes are now trained on the corporate sector amid high expectations that South Korean companies at large would hire more high school gra...
Power bloggers face tax probe

TechnologyJul 21, 2011

NTS faces legal roadblock to getting portals to offer info about bloggers The National Tax Service said Thursday it has requested that the country’s major Internet portals provide the personal infor...
False public disclosures up on KOSDAQ: KRX

Jul 20, 2011

False public disclosures surged on the tech-heavy KOSDAQ stock market this year, the Korea Exchange said on Wednesday. As unfair and misleading disclosures by the listed firms tend to increase volat...
Young women overtake men in job market

Jul 20, 2011

Overall job market still dominated by men, especially for workers in their 40s and 50s Korea’s overall job market is still dominated by male workers. But when it comes to new jobs for Koreans in the...
CEOs control outside directors at financial firms

Jul 17, 2011

Flawed recruitment methods render system virtually meaningless Outside directors at South Korea’s banks and financial firms have been mostly nominated by their largest shareholders and chief executi...