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Sept 17, 2021 Markets

[Newsmaker] More than 30 crypto exchanges expected to announce shutdown on Friday

Time ran out Friday for cryptocurrency exchanges to announce the closure of their services if they would not be operable after Sept. 24, marking a critical time that will decide the fate of many cryp...

[Newsmaker] Compensation to pandemic-hit merchants to begin in late Oct.: official

South Korea plans to start to compensate pandemic-hit small merchants from late October for their losses incurred by anti-virus restrictions, a senior government official said Friday. The government...

Sept 17, 2021
Social affairs
[Newsmaker] Founder of Yoido Full Gospel Church Rev. Cho Yong-gi dies at 85

Pastor Cho Yong-gi, the founder of Yoido Full Gospel Church, died at the age of 85 at Seoul National University Hospital on Tuesday. He had been hospitalized since July 2020 after suffering a brain ...

Sept 14, 2021
Culture
[Newsmaker] Seoul Metro union calls off planned walkout on last-minute deal

The unionized workers of Seoul Metro, operator of the Seoul subway system, called off a planned walkout that was set to take place Tuesday as they reached a last-minute deal with the management. The...

Sept 14, 2021
Social affairs
[Newsmaker] Yoon Seok-youl allegations threaten to push political arena

The allegations surrounding conservative presidential hopeful Yoon Seok-youl are expanding, with Yoon accusing the head of the National Intelligence Service of meddling in a presidential election. O...

Sept 13, 2021
Politics
[Newsmaker] Retail investors sweep W1tr Kakao shares hit by short attack, regulation

Retail investors bought more than 1 trillion won ($854 billion) worth of Kakao shares for three days from Wednesday to Friday, when they fell 15 percent amid record short-selling triggered by mounti...

Sept 12, 2021
Money
[Newsmaker] Opposition party files complaint against CIO over alleged illegal raid

The main opposition People Power Party (PPP) on Saturday filed a complaint with the prosecution over what it called an illegal raid against one of its lawmakers in a snowballing political meddling sc...

Sept 11, 2021
Politics
[Newsmaker] Demand for apartments on rise despite loan restrictions

Demand for apartments in South Korea’s capital and the surrounding areas continued to rise for two consecutive weeks, despite the central bank’s latest rate hike and financial institutions’ efforts t...

Sept 10, 2021
Markets
[Newsmaker] Wireless EV charging service and 9 others approved under regulatory sandbox

Wireless charging stations for e-scooters will also make their debut. Users of scooter sharing services will no longer have to go to charging stations to plug in their vehicles, but charge them remo...

Sept 9, 2021
Transport
[Newsmaker] Disney+ arrival heralds fiercer competition in Korean streaming market

After years of courtship by mobile carriers, Disney+, another US-based content giant, is to arrive in South Korea in November, raising expectations of a new phase of growth for the local streaming ma...

Sept 8, 2021
Business
[Newsmaker] LX Hausys enters race for top furniture maker Hanssem

LX Hausys, formerly LG Hausys, which specializes in windows and interior materials, has entered the race to acquire South Korea’s top furniture maker Hanssem. The company, which is part of LX Group ...

Sept 7, 2021
Retail
[Newsmaker] Over 90% of public says climate crisis should be major presidential election issue: survey

More than 90 percent of South Koreans think the climate crisis should be a prominent issue in the upcoming presidential election, a survey showed Sunday. According to the Gallup Korea poll, conducte...

Sept 6, 2021
Social affairs
[Newsmaker] Sales of local restaurants dropped during COVID-19 pandemic

Sales of local restaurants and bars have dropped to their lowest level due to toughened social distancing rules during the COVID-19 pandemic, government data showed Sunday. According to the Korean S...

Sept 5, 2021
Industry
[Newsmaker] Demand for apartments higher despite rate hike

South Korea’s demand for apartments in the capital and its surrounding areas only got higher, despite the central bank’s recent decision to end 15 months of record-low interest rates, data showed Fri...

Sept 3, 2021
Markets
[Newsmaker] Hyundai Heavy readies to become first-mover for eco-friendly ships via W1.08tr IPO

Hyundai Heavy Industries announced a blueprint to usher in a paradigm shift in the global shipbuilding industry of its planned market debut on the South Korean main board Kospi on Sept. 16. The majo...

Sept 2, 2021
Markets

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114