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Second-tier banks required to set aside more provisions to curb high-risk lending

The financial regulator said Thursday it will require second-tier banks to set aside more loan-loss provisions from the second quarter of this year, in a move to curb high-risk home lending. The tou...

June 29, 2017
Finance
Think tank raises Korea's growth outlook

The South Korean economy will likely grow at a faster pace this year than initially estimated on resilient exports and corporate capital spending, a private think tank said Thursday. In its second-q...

June 29, 2017
Economy
Slogan for Korea's national image discarded

South Korea's culture ministry announced Thursday that the slogan for Korea's national image introduced last year is no longer in use. The Ministry of Culture, Sports and Tourism said it got rid of ...

June 29, 2017
Social affairs
Korea strongly protests Japan diplomat's comments on comfort women

South Korea on Thursday strongly protested a Japanese diplomat's disparaging comments on the victims of Tokyo's sexual slavery during World War II. In a recent media interview, Takashi Shinozuka, th...

June 29, 2017
Foreign Affairs
Heatstroke claims 58 lives between 2012-2015: govt. data

Heatstroke has claimed 58 lives in South Korea over the past five years, government data showed Thursday. Those in their 70s accounted for the largest share with 18, followed by 11 each for people i...

June 29, 2017
Health
Cracks found on Surion military helicopter's airframe: arms agency

South Korea's Army has resumed the operation of more than 60 Surion multiple-purpose choppers after grounding them for nearly three weeks for new cracks found on the airframe, a state arms procuremen...

June 29, 2017
Defense
Korea's ruling party leader to attend memorial for Helmut Kohl

South Korea's ruling party leader will attend a memorial for late former German Chancellor Helmut Kohl this week, the foreign ministry said Thursday. Kohl, who played a key role in German unificatio...

June 29, 2017
Defense
S. Korea sends home 8 rescued N. Korean crewmen

South Korea sent home Thursday eight North Korean crewmen who were rescued in its waters last week, a unification ministry official said. South Korea's Coast Guard rescued a ship carrying the crewme...

June 29, 2017
North Korea
Iranian speaker says Tehran willing to use Pyongyang ties to help inter-Korean reconciliation

Iran's parliamentary speaker said Thursday that Tehran will seek to use its ties with North Korea to help improve inter-Korean relations for a "peaceful and political" solution. During an interview ...

June 29, 2017
Foreign Affairs
Korean shares extend gains, KOSPI breaks 2,400 points for 1st time

South Korean shares extended their rally late Thursday morning, with the main stock index breaking through the 2,400-point level for the first time. The benchmark Korea Composite Stock Price Index r...

June 29, 2017
Finance
Samsung Electronics, SK hynix lead stock price hikes: data

Electronics and semiconductors have led the latest stock market boom in Asia's fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economi...

June 29, 2017
Finance
Korea's air traffic rises 4% in May

Air traffic in South Korea rose 4 percent in May from a year earlier helped by increased demand on non-Chinese routes, government data showed Thursday. The number of passengers on Korean and interna...

June 29, 2017
Social affairs
Korea's retail sales up 6.3% in May on online growth

Sales of key retailers in South Korea grew 6.3 percent last month from a year earlier, led by the strong performance in the online sector, government data showed Thursday. The combined revenue of 26...

June 29, 2017
Economy
Highway to make it easier for Seoulites to reach East Sea

A recently completed highway will allow people living in Seoul to reach a popular tourist destination on the East Sea in less than two hours, the transport ministry said Thursday. It used to take tw...

June 29, 2017
Social affairs
Doosan expands power biz in US

Doosan Group, a major South Korean power equipment conglomerate, said Thursday that it has strengthened ties with US counterparts to expand its presence in the world's largest market. Doosan Heavy I...

June 29, 2017
Companies

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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