The Korea Herald

House prices becoming increasingly exorbitant in Korea

EconomyJul 10, 2017

Home purchases are becoming increasingly unaffordable and prices and loan interest rates have reached their highest level in four year and three months, the Korea Housing-Finance Corp. announced Mon...
GM Korea workers vote to walk out amid net losses

IndustryJul 7, 2017

Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., voted for a strike on Friday to demand higher salaries and other benefits as the company struggles with three straight ...
S. Korean president asks G20 leaders to help denuclearize N. Korea

North KoreaJul 7, 2017

South Korean President Moon Jae-in sought to rally support from other global leaders Friday in condemning North Korea for its recent missile provocation and ridding the communist state of its nuclear...
N. Korea hints at additional provocation

North KoreaJul 7, 2017

North Korea hinted Friday that it would continue to stage provocations against the United States, as Washington warns of punitive action for its recent test of an intercontinental ballistic missile (...
Sewol investigation panel begins official operations

Social affairsJul 7, 2017

A state panel to investigate a 2014 ferry disaster kicked off its official operations Friday amid continued calls to verify the exact cause of the country's worst maritime fiasco that killed more tha...
S. Korea, Japan agree to improve ties amid N. Korean missile provocation

North KoreaJul 7, 2017

The leaders of South Korea and Japan agreed Friday to improve the countries' relations, currently at a low ebb over history issues, while intensifying their joint efforts to resolve the North Korean ...
Creditors offer final concessions over brand dispute between Kumho, China's Doublestar

MarketsJul 7, 2017

Creditors of Kumho Tire Co. on Friday decided to offer final concessions to resolve a dispute surrounding the usage fee of the Kumho brand between the tiremaker's parent company and China's Qingdao D...
Korean companies vexed as THAAD issue unresolved

EconomyJul 7, 2017

South Korean companies’ high hopes were struck down following President Moon Jae-in’s Thursday meeting with Chinese President Xi Jinping, as the two countries failed to strike an accord to cease Chin...
[News Analysis] Trade experts debunk Trump’s ‘unfair’ FTA claims

EconomyJul 6, 2017

Amid drawn-out speculation over the future of the Korea-US Free Trade Agreement, the two countries have been voicing differing views regarding the mutual benefits of the bilateral trade deal, which h...
Moody’s maintains Korea’s credit rating at Aa2

MarketsJul 5, 2017

Moody’s Investors Service has maintained South Korea’s credit rating at Aa2, a high quality and low risk rating, according to the Ministry of Strategy and Finance on Wednesday. It also raised the cou...
Hyundai Heavy calls out union over ‘overblown’ shipping data

IndustryJul 5, 2017

Amid tense labor disputes, Hyundai Heavy Industries is speaking out against its labor union, arguing that members are distorting information related to the industry’s business conditions, such as sh...
Government to announce new fiscal blueprint this month

MarketsJul 4, 2017

The Moon Jae-in administration’s new comprehensive macroeconomic blueprint will be announced later this month, according to Finance Minister Kim Dong-yeon on Tuesday. “The president, along with oth...
Economic showdown looms ahead for Korea-US FTA

EconomyJul 3, 2017

The Korea-US summit in Washington last week finished with ambiguous statements from both sides as well as President Trump expressing his intent to renegotiate the current Korea-US Free Trade Agreemen...
FTA renegotiation issue remains open upon summit

EconomyJul 2, 2017

South Korean President Moon Jae-in flew back to Seoul on Sunday with a reaffirmed US alliance and renewed momentum to resolve the North Korea impasse, but he left open the controversial issue of Wash...
Patent Court completes first-ever English test hearing

IndustryJun 29, 2017

DAEJEON -- In an effort to appease a growing number of foreign parties and international patent cases tried in the country, the Patent Court of Korea on Wednesday held a test trial of an Internationa...