The Korea Herald

S. Korea, Japan agree to resume finance ministers' talks

Foreign affairsOct 11, 2014

South Korea and Japan agreed Friday to hold a finance ministers' meeting in Tokyo at an early date, resuming a consultation mechanism that has been stalled for nearly two years amid badly frayed rela...
China protests after captain killed in scuffle off S. Korea

Foreign affairsOct 11, 2014

A senior Chinese diplomat has held an "emergency meeting" with South Korea's ambassador to China and lodged a protest after the captain of a Chinese fishing boat died during a violent clash with the ...
Foreign firms back Korea’s film industry

IndustryOct 8, 2014

Global companies doing business in South Korea are stepping up engagement in the local film industry as part of their social responsibility activities. JTI Korea, the Japanese tobacco company’s loca...
Foodpolis to act as bridge to China

IndustryOct 7, 2014

Top global food companies are eyeing South Korea’s food cluster Foodpolis with keen interest as it is expected to serve as a stepping stone for expanding into China, Asia’s largest food market. Up t...
Concerns rise over capital inflow from China

IndustryOct 6, 2014

A growing reliance on capital from China may soon become a major concern for South Korea’s financial market, according to industry watchers on Monday. China’s foreign direct investment into the nati...
Top U.S. envoy urges N. Korea to release detained Americans

North KoreaSept 30, 2014

A U.S. envoy called on North Korea Tuesday to release three detained American citizens, saying that the issue poses a "serious impediment" to better ties with Washington. Glyn Davies, the top U.S. n...
S. Korea sweeps 4 golds in sailing

More sportsSept 30, 2014

South Korea grabbed four sailing golds and one bronze medal at the Incheon Asian Games Tuesday, after surprise victories in the sport that remains largely a niche in the country. With 13 medals deci...
Korea to dish up Asia’s first food cluster

IndustrySept 30, 2014

South Korea is pushing ahead with building Asia’s first food cluster, Foodpolis, to tap into the global food industry, which is expected to be worth up to $6 trillion by 2020. The nation plans to in...
Rival parties make compromise on controversial ferry bill

PoliticsSept 30, 2014

Ending months of bitter political confrontation, South Korea's rival parties on Tuesday reached a compromise on a controversial bill aimed at parsing the truth behind April's deadly ferry sinking. S...
Philip Morris donates W100m to charity

IndustrySept 29, 2014

Philip Morris Korea’s head Chung Il-woo (left) poses with Ahn Yoon-han, chief of a scholarship center in Yangsan, at Philip Morris Korea’s plant. (Philip Morris Korea) Philip Morris Korea said Monda...
Won-yen rate may drop to 800 won

Sept 28, 2014

The won-yen exchange rate is likely to drop to the 800 won level in the third quarter of next year as Japan is expected to continue quantitative easing to boost its economy, according to global finan...
[Weekender] Island home to tech firms

IndustrySept 26, 2014

Daum Communications’ headquarters on Jejudo Island A number of tech companies have moved to Jejudo Island on for its pleasant working environment and various tax incentives in recent years. The inf...
[Weekender] Jeju aims for high-tech future

IndustrySept 26, 2014

Jejudo Island, a repository of natural heritage loved by both South Koreans and foreign tourists, has been transforming its economic structure into more high-tech economy in recent years. Gov. Won H...
Real wage growth falls to near zero

IndustrySept 24, 2014

South Korea’s annual growth in wages growth has dropped to near zero percent when adjusted for inflation, according to recent data, meaning domestic consumption will likely remain in the doldrums. T...
Korea promotes rural development model

IndustrySept 19, 2014

Korea Rural Community Corp., an affiliate of the Ministry of Agriculture, Food and Rural Affairs, is expanding international exchanges in an effort to export the nation’s rural development model. “A...