The Korea Herald

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South Korea, U.S., Japan to hold video conference to discuss North's missile launch

North KoreaFeb 4, 2016

National defense officials of South Korea, the United States and Japan will hold a video conference this week to discuss their joint response to the North's imminent long-range missile, a government...
Health officials want more Zika samples, data from Brazil

World NewsFeb 4, 2016

Brazil is not sharing enough samples and disease data to let researchers determine whether the Zika virus is, as feared, linked to the increased number of babies born with abnormally small heads in t...
Egypt official: Signs of torture on body of Italian student

World NewsFeb 4, 2016

The body of a missing Italian student was found with signs of torture, including multiple stab wounds and cigarette burns, by the side of a highway on the outskirts of the Egyptian capital, an invest...
'Improving' badminton player eyeing first Olympic medal in Rio

Olympic GamesFeb 4, 2016

At No. 7 in the women's singles badminton rankings with a slew of international victories, Sung Ji-hyun admits she remains a work in progress. Sung, however, has been improving at a rate that has th...
Two major labor unions in crisis: experts

Social affairsFeb 4, 2016

The country's two umbrella labor groups have recently lost their organizational power and are faced with their own internal strives, labor industry experts said Thursday. The Korea Confederation of ...
[Newsmaker] Pacific Rim nations sign giant trade deal amid protests

World NewsFeb 4, 2016

The US-led Trans-Pacific Partnership, one of the biggest trade deals in history, was signed in New Zealand on Thursday as protestors demonstrated over fears for jobs and sovereignty. The ambitious d...
Lee to head KDB; Hong to take up AIIB vice presidency

Feb 4, 2016

Lee Dong-gul Lee Dong-gul, a former vice chairman of Shinhan Investment, has been tapped to head the state-run Korea Development Bank, the Financial Services Commission said Thursday. The financia...
Ministers call for more corporate investment, hiring

Feb 2, 2016

The government said Tuesday that it would fully support corporate investment and hiring plans in order to keep the nation’s economic growth momentum for this year. “The government will make every p...
Online-only banks eye credit card industry

Feb 1, 2016

Embattled credit card companies may face stiff competition from online-only banks that are fast seeking ways to infiltrate the market, according to industry sources. One such entity is Kakao Bank, ...
Foreign investors to get omnibus accounts

Jan 31, 2016

South Korea will introduce an omnibus account system for foreign investors in the local stock market starting May to improve convenience and access, officials said Sunday. The Financial Services Co...
Tax agency opens probe into 30 offshore tax evaders

Jan 27, 2016

Korea’s tax authorities said Wednesday they have launched a full-fledged investigation into 30 corporations and individuals on suspicions of offshore tax evasion. The National Tax Service said the p...
Korea Eximbank sets aside W75tr for loans, guarantees

Jan 27, 2016

The Export-Import Bank of Korea said Wednesday it has allocated loans and guarantees worth 75 trillion won ($62.5 billion) in 2016 amid the sluggish global economy, vowing strong support for the nati...
S. Korea grew at slower pace in Q4

Jan 26, 2016

South Korea’s fourth-quarter economic growth slowed on reduced investment in the construction sector, the country’s central bank said Tuesday. In the three months that ended on Dec. 31, the nation’...
Korea’s GDP growth slips to 2.6% in 2015

Jan 26, 2016

The ailing South Korean economy grew 2.6 percent in 2015, the lowest in three years, largely due to slumping exports and manufacturing, the central bank said Tuesday. The nation’s fourth-quarter gr...
Finance minister vows reform, stimulus for ‘tangible’ growth

Jan 21, 2016

Finance Minister Yoo Il-ho on Thursday vowed to deliver “tangible” recovery in domestic demand and exports through a continued focus on structural reform and economic stimulus measures. “We will re...