The Korea Herald

Korea to build new Chinatown in capital region

Social affairsMay 4, 2016

South Korea will build a new Chinatown near Seoul that will serve as an international shopping and tourism hub, authorities said Wednesday. The Chinatown, expected to be over 2.3 million square mete...
Korea's consumer sentiment improves in April

Apr 27, 2016

Korea's consumer sentiment slightly improved this month from a month earlier with more people also expecting better conditions for their livelihood down the road, central bank data showed Wednesday. ...
BOK chief says low interest rate only offers limited impact

Apr 27, 2016

The head of Korea's central bank on Wednesday expressed his apparent opposition to lowering the key interest rate too much, saying a low or negative rate may have only a limited, if not adverse, econ...
Korea seeks to boost employment of young people

Apr 27, 2016

The government on Wednesday unveiled a set of comprehensive measures to boost employment of young people and women, vowing to help about 40,000 jobseekers land jobs by matching them up with employers...
Korean shipbuilders in trouble, but still in global top ranks

IndustryApr 27, 2016

Korean shipyards may be in big trouble, but they still lead the global market in terms of order backlog, industry data showed Wednesday, possibly suggesting their guaranteed survival at least for a f...
Moral hazard issue flares up again amid corporate restructuring

IndustryApr 27, 2016

With Korea on the verge of a massive corporate restructuring, controversy has resurfaced over entrepreneurial moral hazards following the sale of shares in a financially troubled shipper by the famil...
Korea's seaport cargo edges up in Q1

IndustryApr 27, 2016

Cargo processed at Korean seaports edged up in the first quarter from a year earlier as a rise in domestic shipments made up for a drop in exports and imports, government data showed Wednesday. The ...
Number of farmers, fishermen continue to fall in Korea

Apr 25, 2016

The number of South Koreans in the agrofisheries sector continued to decrease due to a rapidly aging population and urbanization, government data showed Monday. Households engaging in the farming an...
Top biz groups to reduce new employment this year: survey

IndustryApr 21, 2016

Korea's leading business groups are expected to reduce their new recruitment in 2016 from a year earlier, a survey showed Thursday, boding ill for job seekers already struggling with a high unemploym...
Apple revises unfair service agreement with local repair businesses

TechnologyApr 21, 2016

Apple Korea Inc., the local unit of the U.S. tech giant, has revised its unfair business agreement with local maintenance service firms for the first time in the world, the South Korean antitrust wat...
North Korea-China trade up 12.7% despite sanctions

North KoreaApr 13, 2016

Trade volume between North Korea and China posted double-digit growth in the first quarter of 2016 from a year earlier despite the United Nations' punitive economic sanctions imposed on the reclusive...
China's Anbang to buy Allianz Life Korea

Apr 6, 2016

China's Anbang Insurance Group agreed with Allianz Group on Wednesday to acquire the local unit of the German insurance giant, industry sources said, in what would be Anbang's second takeover of a li...
Korea to strengthen punishment against SME technology theft

Apr 6, 2016

The government said Wednesday that it will take tough action against the stealing of technology owned by small and mid-sized enterprises, as related damage has continued to increase in recent years. ...
Samsung's Kwon Oh-hyun the highest-paid professional manager in 2015

BusinessMar 31, 2016

Samsung Electronics Vice Chairman Kwon Oh-hyun was South Korea's highest paid chief executive in 2015, as the professional manager topped executive annual salary rankings with 14.95 billion won (US$1...
Cnooc tops Sinopec as China's second biggest oil producer

World BusinessMar 30, 2016

Oil’s plunge has reordered the pecking order among China’s biggest explorers. China Petroleum & Chemical Corp.’s move to close some high-cost fields has caused it to slip to number three in oil and ...