The Korea Herald

Securities firm employee kills himself after stock loss

Social affairsAug 10, 2011

A South Korean securities company employee jumped from an apartment building to his death in a southern city on Wednesday in an apparent suicide after a recent stock market rout triggered by the grim U.S. economic outlook, police said.The 48-year-old man surnamed Seo was found lying dead in front of
Koreas exchange fire twice near border

DefenseAug 10, 2011

North Korea twice fired shells near the flashpoint Yellow Sea border with South Korea Wednesday, prompting warning shots from the South's marines in response, Seoul's military said.The incidents fuelled already high tensions along the disputed sea border, which saw bloody naval skirmishes in recent
Asian stock markets jump on Fed's low rates pledge

Aug 10, 2011

BANGKOK (AP) -- Asian stock markets jumped Wednesday following a surge on Wall Street triggered by a Federal Reserve pledge to keep interest rates super low for the next two years to help the ailing U.S. economy.Oil prices rose to near $82 a barrel, while the dollar slid against the yen and the euro
Girl shoots her sister in fight over cell phone

Aug 10, 2011

An American girl was charged with murdering her younger sister after shooting her during a quarrel over a cell phone. (A scene from Fox News)Elena Rendell, 17, shoot at her 14-year-old sister, Christina, on the neck with a 9 mm pistol after they had an argument at their home in Pensacola, Flori
Apple wins order against Samsung tablet in EU

TechnologyAug 10, 2011

Apple Inc. said it won a temporary order that prevents Samsung Electronics Co. Ltd. from distributing the Galaxy Tab 10.1 tablet computer in the European Union, except the Netherlands. (Bloomberg)Apple Inc. said it won a temporary order that prevents Samsung Electronics Co. Ltd. from distributing th
Polygamist leader gets life in prison for assault

World NewsAug 10, 2011

SAN ANGELO, Texas (AP) -- Polygamist leader Warren Jeffs recorded everything he said. Thousands of pages, written with Biblical flourish, about God wanting him to take 12-year-old wives. About those girls needing to sexually please him. About men he banished for not building his temple fast enough.C
A grieved wife addicted to eating dead husband’s ashes

World NewsAug 10, 2011

A 26-year-old widow adopted a shocking way of mourning her dead husband when she became addicted to eating his cremated ashes as a form of comfort, according to the Huffington Post.Casie, was devastated when she lost her husband Shawn to a sudden asthma attack after two and a half years of marriage.
N. Korea reportedly attempting to assassinate S. Korean defense chief: sources

DefenseAug 10, 2011

North Korea is apparently trying to assassinate South Korea's defense chief known for his hard-line stance against Pyongyang, government sources here said Wednesday.A source said Seoul has "received intelligence" that North Korea is after Defense Minister Kim Kwan-jin."The defense minister is a key
Chun in Washington for discussions on N. Korea, alliance issues

Foreign affairsAug 10, 2011

WASHINGTON, Aug. 9 (Yonhap) -- South Korea's national security adviser, Chun Yung-woo, arrived here Tuesday for a series of meetings expected to focus on a strategy for North Korea.Chun's first trip to Washington in his capacity as senior presidential secretary for foreign affairs and national secur
S. Korea's jobless rate falls to 3.3 pct in July

Aug 10, 2011

SEOUL, Aug. 10 (Yonhap) -- South Korea's jobless rate declined in July from a year earlier as the number of jobs in the country increased, fueled by exports and expanded industrial output, a government report showed Wednesday.The jobless rate stood at 3.3 percent last month, down from 3.7 percent a
Dow soars 429 points on Fed statement

Aug 10, 2011

NEW YORK (AP) _ The Fed spoke _ and financial markets rallied.The Dow Jones industrial average surged more than 429 points, its tenth-highest point gain in history and the biggest since March 2009. It was just one day after the Dow had its worst point decline since 2008.The Federal Reserve pledged t
U.S. stocks rally after Fed vows to keep rate near zero for 2 years

Aug 10, 2011

WASHINGTON (AP) -- The Federal Reserve sketched a dim outlook for the U.S. economy Tuesday, suggesting it will remain weak for two more years. As a result, the Fed said it expects to keep its key interest rate near zero through mid-2013. Federal Reserve Chairman Ben Bernanke (AP-Yonhap News)It's the
Bargain hunting push up US stocks

Aug 9, 2011

NEW YORK (AP) -- Bargain hunters helped push the Dow back above 11,000 Tuesday.The Dow Jones industrial average rose 218 points, or 2 percent, to 11,028 in early afternoon trading. On Monday, the Dow had its worst day since 2008, plunging 634.76 points as fear coursed through global markets.``Stocks
US stock futures rise after big fall

Aug 9, 2011

NEW YORK (AP) -- U.S. stock futures rose Tuesday, but only after swinging wildly in overnight trading following the worst day for stocks since 2008.The Federal Reserve plans to meet Tuesday on interest-rate policy. The central bank already has kept its key interest rate at a record low of nearly zer
Asia to keep buying US debt despite downgrade

Aug 9, 2011

BEIJING (AP) -- China and other governments have little choice but to keep buying U.S. Treasury debt to store swelling foreign reserves even after Washington's credit rating was cut by Standard & Poor's.Some governments such as Germany and Australia have stronger credit ratings than the United State