Bank of Korea holds rate, wary of inflation’s ‘last mile’
According to Bank of Korea's Gov. Rhee Chang-yong, the core inflation is slowing down as projected, but it is moving in a different direction from that of the headline inflation…
The Korea Herald
Opposition victory upends South Korea’s ruling party’s plans
The People Power Party's plans to merge Gyeonggi Province's Gimpo into Seoul— known as the so-called “Megacity Seoul" project—could be scrapped, as well as the relaxing of…
North Korea elevates high-level exchanges with China, Russia
Exchanges between high-ranking officials signify the strengthening of bilateral exchanges ahead of the summit between North Korean leader Kim Jong-un and Russian President…
South Korea ups guard against economic impact from Middle East conflict
Given South Korea's strong reliance on trade and sensitivity to escalating global oil prices, President Yoon instructed for comprehensive government-wide cooperation to monitor…
US aircraft carrier joins 3-way naval drill with South Korea, Japan
The two-day exercise is part of a multi-year trilateral exercise plan established by the leaders of the three countries in a combined effort to counter underwater as well as…
South Korea’s national debt hits record high in 2023
The debt growth accelerated notably during the COVID-19 outbreak, with government spending reaching unprecedented levels.
Former justice minister urges probe of South Korean First Lady’s Dior bag scandal
Referring to a controversy surrounding secretly filmed video footage that showed the first lady seemingly accepting a Dior bag as a gift from a pastor, he said the ruling People…
Despite landslide win, South Korea’s opposition party chief not yet home-free
Democratic Party leader Lee Jae-myung still has obstacles such as legal issues and unfavorable public sentiment if he wishes to succeed in what would be his second run at the…
Amid deepening apple crisis, South Korea eyes long-term measures
Experts blame a perfect storm of factors including cold spring weather, heavy summer rains, and crop diseases for the production downturn, driving prices to unprecedented levels.
What led to South Korea’s ruling party’s defeat?
A slump in the economy coupled with pressure from rising food prices and loan interest are factors in the defeat of the ruling party, according to an expert.