Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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1 in 5 households to have breadwinner over 80 in 30 years
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Assembly to review disputed appointment of national soccer team coach
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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Evicted guest burns down inn; 3 killed
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Presidential office calls for 'timely' passage of extra budget bill
The presidential office Cheong Wa Dae on Wednesday reiterated its calls for a "prompt, timely" passage of an extra budget bill that has stalled over partisan bickering over outlays."Timing is crucial for the extra budget this time, which is designed to address (the potential fallout from) the restructuring of major industries, and create jobs," presidential spokesman Jung Youn-kuk told reporters. "(We) hope for a swift passage (of the extra budget bill)." This photo, taken on April 14, 2016, sho
Aug. 31, 2016
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Korean stocks open nearly flat
South Korean stocks started almost flat on Wednesday following Wall Street's overnight losses.The benchmark Korea Composite Stock Price Index fell 0.25 points, or 0.01 percent, to 2,039.49 in the first 15 minutes of trading.In New York, the Dow Jones Industrial Average lost 48.69 points, or 0.26 percent, at 18,454.30. Market observers attributed the declined to renewed concern about the timing of the US interest rate hike.On the Seoul bourse, large caps were mixed.Market behemoth Samsung Electro
Aug. 31, 2016
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Some 8% of listed firms suffer double whammy
Slightly over 8 percent of South Korea's major listed companies suffered a double whammy of operating and net losses in 2015 amid an economic slump, data showed Wednesday, sparking concern over their financial health.According to the data by the Korea 20000 Corporate Research Institute, 23 of the 273 listed companies with sales of at least 500 billion won ($447 million), or 8.4 percent, reported both operating and net losses last year.Of the total, 27 companies posted operating losses, while 55
Aug. 31, 2016
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Korea's industrial output gains 1.6% on-yr in July
South Korea's industrial output advanced for the third month in a row in July on a rise in chips and chemical production, a government report showed Wednesday.Production in the mining, manufacturing, gas and electricity industries rose 1.6 percent last month from a year ago, according to the report by Statistics Korea. The July figure marks the third straight month of advance, following a 4.7 percent jump in May and a 0.8 percent gain in June.From a month earlier, industrial output also climbed
Aug. 31, 2016
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N. Korea's SLBM test necessitates urgent discussions during regional summit: Russel
North Korea's latest submarine missile test makes it urgent for US President Barack Obama and other East Asia leaders to discuss the threat when they hold an annual regional summit next week, the State Department's top Asia official said Tuesday.Assistant Secretary of State Daniel Russel made the remark during a Foreign Press Center briefing to preview Obama's upcoming trip to China for a summit of the Group of 20 nations and then to Laos for a series of regional summits, including the East Asia
InternationalAug. 31, 2016
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Korean airlines cut emissions by 287,000 tons in H1
South Korean airlines reduced their greenhouse gas emissions by over 280,000 tons in the first half of the year, cutting their use of fuel in the process, which reduced the travel cost for passengers, the government said Wednesday.Under a voluntary agreement, seven South Korean flag carriers, including industry leaders Korean Air Lines Co. and Asiana Airlines Inc., reduced their combined greenhouse gas emissions by 287,000 tons from the business as usual levels in the first six months of the yea
IndustryAug. 31, 2016