The Korea Herald

Exports plunge on weak demand, oil prices

Feb 1, 2016

South Korea’s exports plummeted 18.5 percent in January from a year ago, recording the largest year-on-year fall since August 2009 when the country was reeling from the global financial crisis. (Yon...
National debt to hit 600 trillion won

Jan 31, 2016

South Korea’s national debt is expected to exceed 600 trillion won ($496 billion) for the first time ever this week, drawing concerns over the nation’s fiscal health amid a slowing economy and rapid ...
Korea losing Chinese tourists to Japan

IndustryJan 27, 2016

The number of Chinese visitors coming to South Korea declined last year in contrast to a growing number of travelers heading to Japan, sparking concerns that Korea is losing its place as a population...
Airport, airlines blasted over blizzard

IndustryJan 25, 2016

SEOUL/JEJUDO ISLAND -- A nearly three-day airport shutdown on the southern resort island of Jejudo due to heavy snowfall and strong winds ended Monday afternoon, with mounting questions over a lackad...
Antitrust watchdog probes VW over clean diesel ads

IndustryJan 22, 2016

(AP-Yonhap) The nation’s antitrust watchdog has launched a full-scale investigation upon suspicions that Volkswagen Korea ran false advertisements about vehicles for which it had rigged emissions te...
Ministry denies rumored inflow of Muslim workers for halal food

IndustryJan 21, 2016

The Ministry of Agriculture and Food on Thursday denied rumors of the government’s reported plans to launch a halal food-processing complex in the southwestern part of the country in the face of oppo...
VW Korea faces new lawsuit, criminal probe

IndustryJan 20, 2016

Volkswagen Group and its dealers are facing another class-action suit by the Korean owners of its 3-liter diesel models involved in an emissions-cheating scandal both in local and U.S. courts, a Seou...
W80tr fund to support new industries

Jan 18, 2016

The government said Monday it would inject 80 trillion won ($66 billion) of public funds this year to nurture new growth engines, including smart cars, surgical robots and software content, in the la...
After H-bomb test, N. Korea wants to focus on economy

North KoreaJan 16, 2016

After ringing in the new year with claims of its first successful hydrogen bomb test, North Korea is now calling on the United States and the world community to accept it as a nuclear power, jettison...
China paper opposes tougher sanctions over N. Korea's nuke test

World NewsJan 16, 2016

A newspaper published by China's ruling Communist Party has expressed its opposition to tougher sanctions against North Korea following its fourth nuclear test, despite calls by South Korea to put en...
S. Korea, U.S. vow concerted efforts against N.K. nuke

North KoreaJan 16, 2016

South Korea and the United States agreed Saturday to push for "strong and comprehensive" sanctions against North Korea against its latest nuclear test, Seoul's Foreign Ministry said. The discussion ...
North Korea demands peace treaty for stopping nuke tests

North KoreaJan 16, 2016

North Korea says it could stop its nuclear tests in exchange for signing a peace treaty with the U.S. and a stop to annual military exercises between the U.S. and South Korea. The North's statement ...
Iconic singer David Bowie dies at 69

MusicJan 11, 2016

David Bowie, the other-worldly musician who broke pop and rock boundaries with his creative musicianship, nonconformity, striking visuals and a genre-spanning persona he christened Ziggy Stardust, di...
Honda, Volvo take top awards at the Detroit auto show

IndustryJan 11, 2016

The Honda Civic has been named North American Car of the Year. The truck of the year is the Volvo XC90. The press preview days for the North American International Auto Show officially kick off with...
Korean toy market driven by animation success, parents’ pride

IndustryJan 7, 2016

For Oh Soo-hyun, the mother of a 4-year-old boy in Seoul, last year was a nightmare. “Turning Mecard,” she said. “I’ve been searching for this everywhere, almost every single day. But even though I ...