Seven politician-turned-ministers in the outgoing Moon Jae-in administration are likely to step down on May 9, a day before incoming President Yoon Suk-yeol is inaugurated, a political source said Wednesday. The seven ministers, including Education Minister Yoo Eun-hae, Justice Minister Park Beom-kye and Interior Minister Jeon Hae-cheol, have agreed to resign on the day that Moon's term ends, ac...

The issuance of asset-backed securities (ABSs) in South Korea shrank 20.2 percent on-year in the first quarter due to decreased sales of mortgage-backed securities, data showed Wednesday. The ABS issued during the January-March period came to 10.9 trillion won ($8.7 billion), down 2.8 trillion won from a year earlier, according to the data from the Financial Supervisory Service (FSS). ABS refer...

South Korea's consumer sentiment improved for the third straight month in April as the country lifted most social distancing rules as part of efforts to return to normal from the pandemic, central bank data showed Wednesday. The composite consumer sentiment index came to 103.8 in April, up 0.6 point from the previous month, according to data from the Bank of Korea. A reading above 100 means opt...

South Korean stocks opened sharply lower Wednesday, tracking overnight losses on Wall Street, as investors worried about a global economic slowdown over the continued lockdown in China and inflation woes. The Korea Composite Stock Price Index (Kospi) lost 49.43 points, or 1.85 percent, to 2,618.88 in the first 15 minutes of trading. Overnight, US stocks tumbled amid fears of an economic slowdow...

진행자: 박준희, Beth Eunhee Hong 1. [Weekender] Foreign vacations are back, but come with hefty price tags 기사 요약: 코로나 방역 수칙 기대 속 늘어나는 해외여행 수요, 하지만 수요만큼 올라간 비행기 가격 Attention travel-starved Koreans. The cost of air travel is rising, with more upward pressure building from high jet fuel prices and soaring tourism demand. If you are fixed on an overseas vacation, don’t wait too long to book it, experts ...

WASHINGTON -- The United States' objective remains the complete denuclearization of the Korean Peninsula, a state department spokesperson said Tuesday, despite North Korea's pledge to further strengthen its nuclear capabilities. Ned Price also reiterated the US holds no hostility toward the North, urging the reclusive country to return to dialogue. "Our goal remains the complete denuclearizatio...

By Korea Herald correspondent Park Yuna ( yunapark@heraldcorp.com )

The level of European solidarity sparked by Vladimir Putin’s war against Ukraine has surprised even Europeans. Leaders in Russia, China and Iran are perplexed as well. They had assumed the invasion would exacerbate strains in the transatlantic community. There is not, however, unanimity on every issue. The real question is how Europeans will deal with the consequences of the war and their own di...

George Orwell’s prophecy was right, after all. In his 1949 dystopian novel “1984,” Orwell envisioned a world divided into three totalitarian super-states: Oceania, Eurasia, and Eastasia. Oceania included the United Kingdom, the United States and Australia. Eurasia referred to continental Europe annexed to the Soviet Union. Eastasia indicated China, South Asian countries and the Japanese islands. ...

WUHAN, China , April 27, 2022 /PRNewswire/ -- Midea announced the acquisition of Wuhan TTIUM Motor Technology CO., LTD (TTIUM). With this strategic move, it marks that Midea has officially entered the "two-wheel vehicle" market and further refreshed its product portfolio. The signing of the contract between Midea Industrial Technology and TTIUM Motor Technology CO., LTD (TTIUM) Looking forwa...

Essence and MediaCom to merge, forming EssenceMediacom GroupM Nexus to launch globally as a best-in-class performance organization Mindshare to complete the integration with global performance agency Neo LONDON and NEW YORK and SAN FRANCISCO , April 27, 2022 /PRNewswire/ -- GroupM, WPP's media investment group, today announced the latest steps in its transformation to accelerate innovat...

BENGALURU, India and NEW YORK , April 26, 2022 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with Nu Skin Enterprises, Inc. (NYSE: NUS), a global leader in beauty and wellness. Nu Skin will take advantage of the Infosys Equinox human-centric digital commerce platform to de...