South Korea’s producer prices grew at the fastest clip in three months in July due mainly to a hike in raw material prices and heavy rains, the central bank said Tuesday.The producer price index, a barometer of future consumer inflation, rose 6.5 percent in July from a year earlier, compared with a

There are 7.13 million Korean baby boomers who were born between 1955 and 1963, or 14 percent of the total population. They will face difficult financial and social situations after retirement and the government should meet their different demands, Lee Ki-young, director of policy planning for baby

Experts call for measures to ensure more flexible labor markets, boost birthrateTo mark the 58th anniversary of its establishment on Aug. 15, The Korea Herald is publishing a series of articles on the looming retirement of Korean baby boomers and its socioeconomic impact on the nation. The following

Rep. Sohn Hak-kyu, chairman of the main opposition Democratic Party, feels the most heat from Moon Jae-in’s rise in political stature, but his aides say their potential rivalry will not harm the DP leader.They hope that any competition between Sohn and Moon galvanized through next year’s parliamenta

The following is a message from Singaporean Ambassador Peter Tan Hai Chuan to mark Singapore’s National Day. ― Ed.Singapore celebrated its 46th National Day on Tuesday with some cause for optimism. Despite the global market uncertainties, Singapore’s economy still grew by 0.5 percent on a year-on-ye

Confidant to late President Roh raises profile as potential opposition standard-bearerIt was supposed to be a gathering of senior civic and religious leaders to call for the merger of liberal and progressive opposition parties in preparation for the parliamentary and presidential elections next year

China’s inflation accelerated to the fastest pace in three years in July, limiting the scope for monetary easing as risks to the global economy mount. Consumer prices climbed 6.5 percent from a year earlier, the Beijing-based National Bureau of Statistics said on its website Tuesday. That was more t

Kim Young-hoo, director of Ewha Womans University Medical Center’s Joint Replacement Center, was named the winner of the Hippocrates Award 2011 by the American Biographical Institute, the hospital said Tuesday. ABI is one of the top three biographical dictionaries. The two others are International B

Winners honored for making contribution to Korean-American communityFormer National Assembly Speaker Lee Man-seop, Philip Kim, a professor of physics at Columbia University and Colonel Daniel Yoo of U.S. Marine Corps received the Proud Korean Award from the Korean American Leadership Foundation in L

Pyo Jae-ho, a former chief judge of the Korean Intellectual Property Tribunal, was appointed as the new head of the Korea Institute of Patent Information, KIPI said Tuesday.  Pyo Jae-hoKIPI said its board of directors has recently elected Pyo, a patent veteran with more than 10 years of experie

Hallyu star girl group KARA has been appointed as PR ambassador for 2011 K-pop Cover Dance Festival, which begins its second round competition on Sept. 3. The festival celebrates the “cover dance” videos that K-pop fans around the globe are currently submitting online through www.coverdance.org for the preliminary round of the competition. The cover dance refers to emulating of the original choreography of popular K-pop dances. According to the Visit Korea Committee, more tha

Icebergs, cold water and the Arctic Ocean: What else could be a better topic to cool off during the sizzling weather of August? Global warming has brought yet another issue to the table: navigation through the Arctic. As the icebergs melt and frozen swaths give way, new shipping routes emerge throug