The Korea Herald

Korea’s financial markets grow at record pace

Jul 17, 2011

Total investment transactions per year surpass $18.9 trillion The amount of investment circulating in the South Korean stock, bond and derivatives markets topped 20,000 trillion won ($18.9 trillion)...
BOK keeps interest rate unchanged

Jul 14, 2011

Korea’s central bank on Thursday froze the key interest rate as external factors such as the eurozone debt problem seemed to take precedence over worries of high inflation at home. The Bank of Korea...
Inflation to ease but debt woes persist

Jul 14, 2011

Economists say debt may cool business sentiment in second half Economists expect inflation to cool with the arrival of harvest season but cautiously forecast that business sentiment will lose steam ...
Creditors to put 30 firms under workout program

Jul 13, 2011

Troubled companies to be shut down Korea’s creditor banks have singled out some 30 large firms that should either go through a workout program or be forced out of the market. The names of the compan...
Nonghyup, ministry at odds over restructuring fund

Jul 12, 2011

Cooperative is in process of drastic restructuring to spin off financial operation into separate unit The capital owned by South Korea’s state-run National Agricultural Cooperative Federation, or No...
Reins tightened on savings banks

Jul 11, 2011

Regulator pushes banks to improve capital adequacy ratios Korea’s financial regulator said Monday it will further toughen the standards used to assess savings banks’ fiscal soundness in a bid to acc...
Korea may conduct FX smoothing: Minister Bahk

Jul 11, 2011

South Korea’s finance minister said Monday that the government could carry out smoothing operations if the local currency fluctuates sharply against the U.S. dollar. “If there are steep fluctuations...
21 dead, 100 injured as train derails in India

World NewsJul 10, 2011

LUCKNOW, India (AP) _ Rescuers searched through the wreckage of a packed express train for people trapped inside after it derailed in northern India on Sunday, killing at least 21 and injuring more t...
Boat sinks on Russia's Volga, 61 missing

World NewsJul 10, 2011

MOSCOW (AP) _ A passenger boat sank on the Volga River in Russia Sunday, killing at least one person and leaving 61 missing, officials said. Regional emergencies ministry spokesman Marat Rakhmatulli...
Korean-Russian garners literature translation award

PeopleJul 10, 2011

Park Mo-ran, an ethnic Korean Russian, won a Korean literature translation award last week. The 24-year-old student translated the novel “The Door of Morning” into Russian and was picked as one of t...
UK's News of the World bids farewell to readers

CultureJul 10, 2011

LONDON (AP) _ Britain's best-selling Sunday tabloid the News of the World signed off with a simple front page message _ ``THANK YOU & GOODBYE'' _ leaving the media establishment here reeling from the...
Official: Congo plane crashes; more than 50 dead

World NewsJul 10, 2011

KINSHASA, Congo (AP) _ A plane crashed in a thunderstorm as it was attempting to land in the Congo Friday, killing at least 48 people, and leaving a dozen or more buried in the wreckage. 53 passenger...
S. Korea's Kim conquers five world boxing crowns

More sportsJul 9, 2011

WANDO ISLAND -- South Korea's Kim Ju-hee on Saturday routed Fahpratan Looksaikongdin of Thailand to become the new Women's International Boxing Council (WIBC) light flyweight champion, making her the...
U.S. nuclear-powered submarine makes port call in S. Korea

DefenseJul 9, 2011

The U.S. nuclear-powered submarine USS Texas made a port call in South Korea on Saturday as part of a regular deployment to the Pacific area, the U.S. military in the South said. The Texas, based in...
Ruling party chief agrees to block more tax cuts for big companies

PoliticsJul 9, 2011

The head of South Korea's ruling party said Saturday that he agreed to ditch a plan to further cut taxes for big companies, as the conservative party looks to regain votes from the poor ahead of next...