South Korea’s exports, which account for half of the nation’s economy, will likely weaken once the US Federal Reserve starts carrying out additional and steeper rate hikes, a think tank report showed Monday. The report came after minutes from the March Federal Open Market Committee meeting released last week indicated officials initially preferred a 50-basis-point rate hike, but instead settled ...

By Kim Arin ( arin@heraldcorp.com )

South Korea’s chief prosecutor vowed to concentrate all efforts to protect the investigative power of the prosecution on Monday, as the Democratic Party of Korea looks to pass a contested bill that would remove all investigative powers from the prosecution. Prosecutor General Kim Oh-soo said in a meeting of senior prosecutors at the Supreme Prosecutors’ Office in Seoul on Monday that he would pu...

Samsung Electronics has recently hired Daniel Oh, a corporate governance specialist who worked for Institutional Shareholder Services and BlackRock, as an executive vice president at its global investor relations team. According to the tech giant’s business report Monday, Oh, 48, started working at Samsung in February, becoming the No. 2 man on the investor relations team. Oh who studied econom...

South Korean tire maker Kumho Tire said Monday that it has launched MajestyX Solus, a new ultra-high performance tire targeting the premium vehicle market. The latest tire is a luxury sequel to the existing Majesty Solus, and will be marketed as the tire maker’s flagship product lineup for luxury cars. The tire maximizes brake performance and tread durability by utilizing precise high-dispers...

Samsung Electronics said Monday it has eased a set of coronavirus rules for its office in South Korea as COVID-19 infections are on a steady decline. Effective Monday, the tech titan, dedicated to smartphones, consumer electronic goods and semiconductor chips, will no longer be discouraging its staff from going on business trips at home and overseas, holding in-house gatherings and after-work di...

PARIS (AP) -- Incumbent Emmanuel Macron will face far-right nationalist Marine Le Pen in a winner-takes-all runoff for the French presidency, after they both advanced Sunday in the first round of voting in the country's election to set up another head-to-head clash of their sharply opposing visions for France. But while Macron won t heir last contest in 2017 by a landslide to become France's you...

He faded out the background, which could be a familiar scene for many, and focused on the train door instead, allowing the viewer to imagine their own scenery outside the window. “The last photo features a purple sky. I took the photo when I was cycling along the river when the sky looked pretty in a mysterious way.” In the age of social media, when many creators and artists are keeping in mind...

Ven. Yeongdam also said that he would like to ask for the public’s forgiveness for the “childish response from the Jogye Order,” which turned the event into a dispute. Ven. Heojeong, who has been critical of the Jogye Order of Korean Buddhism in the past, shared Ven. Yeongdam‘s post on his Facebook, Saturday. Ven. Heojeong pointed to recent criticisms that compared the incident to stepping on a ...

K-pop boy band BTS took home the award for favorite music group for the third consecutive year at the Nickelodeon Kids’ Choice Awards. The seven-member band won the award over Black Eyed Peas, Florida Georgia Line, Jonas Brothers, Maroon 5 and Migos at the 35th Nickelodeon Kids’ Choice Awards that took place at the Barker Hangar in Santa Monica, California, on Saturday (US time). The latest ach...

East Asia Pacific to reinvent, refresh and open new stores at more than 100 locations SINGAPORE , April 11, 2022 /PRNewswire/ -- Levi Strauss & Co. (NYSE: LEVI) today announced ambitious plans to accelerate sustainable business growth and drive commercial success in the East Asia Pacific (EAP) region. Central to the growth strategy is the diversification of the business across geographies...

Six in 10 South Koreans think Prime Minister nominee Han Duck-soo taking hefty salaries during his stint at a law firm following his public service retirement is inappropriate, a poll showed Monday. In the Korea Society Opinion Institute survey of 1,013 adults, 63.2 percent said it is inappropriate for high-ranking government officials like Han to serve as outside directors or advisers to privat...

South Korea's Defense Minister Suh Wook has reiterated Seoul's stance against the provision of any lethal arms to Ukraine during last week's phone talks with his Ukrainian counterpart, his office said Monday. Suh repeated the position in response to Ukrainian Defense Minister Oleksii Reznikov's request for anti-aircraft weapons in their phone call on Friday. "Suh had explained that there are li...

Sales of corporate bonds with maturity of one year or below in South Korea grew 26.8 percent in 2021 from a year earlier amid the coronavirus pandemic, data showed Monday. Local companies issued 326.2 trillion won ($265.1 billion) worth of such debts, compared with 257.2 trillion won from a year earlier, according to the data from the Korea Securities Depository (KSD). But the issuance decreased...

Bond issuance in South Korea rose solidly in March from the previous month thanks largely to increased state debt sale, industry data showed Monday. The value of bonds sold in Asia's fourth-largest economy came to 71.3 trillion won ($58.1 billion) last month, up 4.7 trillion won from a month earlier, according to the data from the Korea Financial Investment Association. Sales of government bond...