The Korea Herald

Bernanke: Economic growth to be frustratingly slow

WASHINGTON (AP) _ Federal Reserve Chairman Ben Bernanke on Wednesday acknowledged that the pace of economic growth is likely to be ``frustratingly slow,'' after the Fed downgraded its forecast for the next two years.Bernanke said the central bank is open to purchasing more mortgage-backed securities

World Business Nov. 3, 2011

Corporate regulator puts 13 more firms on watch list

SEOUL, Nov. 3 (Yonhap) -- South Korea's antitrust watchdog said Thursday that it has placed 13 more companies on its watch list that limits mutual investments and loan guarantees.The Fair Trade Commission (FTC) said the number of corporate affiliates on the list stood at 1,618 from 55 business group

Nov. 3, 2011

Lindsay Lohan returns to court, may return to jail

LOS ANGELES (AP) — Lindsay Lohan returns to court Wednesday to learn whether a judge will agree with a prosecutor advocating that the actress be returned to jail for failing to complete a community service assignment at a women's shelter.Superior Court Judge Stephanie Sautner revoked Lohan's p

Film Nov. 2, 2011

Kardashian apologizes to fans for failed marriage

LOS ANGELES (AP) — Kim Kardashian says she never meant to hurt anyone by ending her marriage after just 72 days.The 31-year-old reality star posted a message to her fans on her website Tuesday, one day after filing for divorce from Kris Humphries, whom she married in a lavish ceremony that air

Television Nov. 2, 2011

Philips to take $370M loss on TV arm

AMSTERDAM (AP) — Royal Philips Electronics NV says it has renegotiated a deal to shed its television unit, placing it into a joint venture 30 percent owned by Philips and 70 percent owned by China's TPV.The company said in a statement Tuesday it would book a loss on the deal of euro270 million

Podcast Nov. 2, 2011

One killed, one injured in Army helicopter emergency landing

SEOUL, Nov. 2 (Yonhap) -- An Army non-commissioned officer was killed and another officer injured when a light attack helicopter made an emergency landing southeast of Seoul during an exercise, the South Korean military said Wednesday.An official said an MD 500 helicopter made the emergency landing

Social Affairs Nov. 2, 2011

Former top financial regulator indicted over savings bank scandal

SEOUL, Nov. 2 (Yonhap) -- Prosecutors indicted a former chief financial regulator Wednesday for a breach of ethics law, wrapping up a months-long investigation into a corruption scandal engulfing the troubled Busan Savings Bank.Kim Jong-chang, who in March ended his three-year term as chairman of th

Social Affairs Nov. 2, 2011

S. Korea downplays roadmap for gas pipeline project with Russia

SAINT PETERSBURG, Russia, Nov. 2 (Yonhap) -- South Korean officials on Wednesday downplayed the significance of a roadmap it had agreed with Russia to build a massive gas pipeline linking the two countries via North Korea, saying the project still has a long way to go.On Tuesday, a senior Russian of

Politics Nov. 2, 2011

GNP starts action on FTA bill

(Yonhap)The ruling Grand National Party moved to ratify a free trade agreement with the U.S. on its own Wednesday, submitting the bill for a committee-level vote, but abadoned the meeting after opposition lawmakers physically opposed it. Rep. Nam Kyung-pil, chair of the parliament’s foreign affairs

Politics Nov. 2, 2011

Unification minister heads to U.S. to coordinate N.K. policy

SEOUL, Nov. 2 (Yonhap) -- South Korean Unification Minister Yu Woo-ik headed to the United States Wednesday to meet U.S. officials and members of Congress over the allies' joint stance on North Korea and other issues.During his six-day visit to Washington and New York, Yu plans to exchange views on

Politics Nov. 2, 2011

Ruling party rules out using speaker's authority for FTA vote

SEOUL, Nov. 2 (Yonhap) -- The floor leader of the ruling Grand National Party (GNP) Wednesday opposed using the Assembly speaker's authority to pass the long-pending free trade deal with the United States on the floor, saying a unilateral passage would cause distrust in party politics.Since the U.S.

Politics Nov. 2, 2011

Viking 'sunstone' more than a myth

Ancient tales of Norse mariners using mysterious sunstones to navigate the ocean when clouds obscured the Sun and stars are more than just legend, according to a study published Wednesday.Over 1,000 years ago, before the invention of the compass, Vikings ventured thousands of kilometres from home to

World News Nov. 2, 2011

Women far behind men in economic participation

NEW YORK (AP) _ The world has make great progress in eliminating inequality between men and women in health and education, but not in economic participation and political empowerment, according to a survey of 135 nations released Tuesday.The annual survey by the Geneva-based World Economic Forum sho

World News Nov. 2, 2011

Australian government introduces mining tax bills

CANBERRA, Australia (AP) _ Australia's government has introduced legislation to impose a 30 percent tax on the burgeoning profits of iron ore and coal mining companies that are feeding Chinese demand.The legislation introduced to Parliament on Wednesday is not certain to pass since key independent l

World News Nov. 2, 2011

Greek cabinet backs referendum on debt rescue plan

ATHENS, Nov 2, 2011 (AFP) - Greek Prime Minister George Papandreou secured the unanimous backing of his cabinet for a referendum on the eurozone debt rescue plan, government spokesman Elias Mossialos said early Wednesday.The cabinet also approved Papandreou's decision to hold a vote of confidence in

World Business Nov. 2, 2011

Articles by Cho Chung-un