The Korea Herald

NK confirms appointment of Ri Son-gwon as head of inter-Korean affairs agency

North KoreaDecember 9, 2016

North Korea's reported appointment of military officer Ri Son-gwon as the head of its state-level committee handling inter-Korean affairs was confirmed on Friday. The same day, the North's leading n...
Korea's imports of US beef soar 48% this year

IndustryDecember 9, 2016

South Korea's imports of US beef jumped 47.6 percent on year in the first 10 months of this year, data showed Friday, partly because of a falling demand for pricey Korean beef amid the implementation...
Number of public phones to be halved by 2020

TechnologyDecember 9, 2016

The number of public pay phones across the country will be reduced by around 50 percent by 2020, the government said Friday, as most everyone in South Korea owns a cell phone. Between 30,000 and 40,...
UN report calls for attention to suffering of Korean separated families

North KoreaDecember 9, 2016

A new UN human rights report has called for greater efforts to address the suffering of families separated for more than six decades since the Korean War. The UN Human Rights Office of the High Comm...
NPS logs modest returns from stocks on Samsung Electronics

December 9, 2016

South Korea's state pension operator has registered modest returns from investments in large-cap stocks this year on a surge in Samsung Electronics Co., despite decreased prices in many big-exposure ...
Drug firms benefit big from lucrative units

IndustryDecember 9, 2016

Some pharmaceutical companies in South Korea chalked up strong sales in the first nine months of this year on the back of their moneymaking subsidiaries, industry sources said Friday. Consolidated s...
Railroad employees return to work after 74-day walkout

IndustryDecember 9, 2016

South Korea's unionized railway workers will end their 74-day-long strike and return to work Friday, while vowing to continue their protest against the implementation of a performance-based pay syste...
Park Tae-hwan grabs 2nd gold at short course worlds

More sportsDecember 8, 2016

Park Tae-hwan has grabbed his second gold medal at the world's top short course competition. The South Korean star won the men's 200-meter freestyle at the FINA World Short Course Swimming Champions...
Tax agency names 2 executives for not reporting overseas accounts

December 8, 2016

South Korea's tax authorities said Thursday they have made public names of two business executives for not reporting their overseas bank accounts, a practice widely seen as an attempt to avoid taxes....
Korean court fines woman for violating anti-graft law

Social affairsDecember 8, 2016

A local court on Thursday ordered a 55-year-old woman to pay 90,000 won ($77) for giving rice cakes to a police officer in the first ruling made after the implementation of a much-debated anti-graft ...
Parliament sets Park's impeachment vote for Friday

PoliticsDecember 8, 2016

South Korea's National Assembly on Thursday officially set the date for the vote on the impeachment of President Park Geun-hye who is at the center of the corruption scandal rocking the country. The...
S. Korea's population likely to start shrinking in 2032

Social affairsDecember 8, 2016

South Korea's population is expected to start contracting in 2032 amid widespread concerns that the country's chronic low birthrate and aging citizens will undermine growth potential, a government re...
S. Korea unveils list of submarine components banned from shipment to N. Korea

North KoreaDecember 8, 2016

South Korea Thursday unveiled a list of 60 submarine components that will be banned from being shipped to North Korea as part of efforts to curb the reclusive country's drive to develop weapons of ma...
Gov't plans additional aid for companies forced out of Kaesong complex

IndustryDecember 8, 2016

South Korea will provide 6.6 billion won ($5.7 million) in financial assistance to companies struggling with losses from their investments in the shuttered industrial complex in North Korea, the unif...
Korean economy to face stronger downside pressure amid political turmoil

December 8, 2016

Recent political turmoil surrounding President Park Geun-hye will likely create a bigger drag on the South Korean economy in the future, which is experiencing a tepid recovery due to faltering export...