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The Korea Herald

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Finance minister vows to take 'immediate measures' over excessive FX volatility

South Korea's finance minister on Thursday vowed to take "immediate measures" when necessary to address excessive volatility in the foreign exchange market amid the recent sharp decline of the Korean won against the greenback. Finance Minister Koo Yun-cheol discussed such measures with Bank of Korea Gov. Shin Hyun-song in Seoul, alongside Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Gov. Lee Chan-jin, according to the Ministry of Finance and Economy. Duri

The Korea Herald

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Lee’s X posts on Election Day urging voters draw opposition backlash

President Lee Jae Myung’s repeated appeals on Election Day for South Koreans to exercise their right to vote, delivered through a series of social media posts, triggered backlash from the opposition party on Wednesday. Lee had posted four times on X encouraging voter participation as of 3 p.m. Wednesday, as South Korea was holding local elections and by-elections for National Assembly seats. Lee pointed to the country’s excessively high housing and real estate prices as one factor behind the und

The Korea Herald

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Unionized members at Kakao to stage partial walkout next week

Kakao Corp.'s labor union said Monday it will initiate a partial walkout next week, after a second round of wage talks mediated by the government fell through last month. Unionized members made the announcement in an official statement, saying the collective action is to secure employment stability and improve the company's compensation structure, which it claimed allows Kakao's executives to "monopolize excessive rewards." The union added it plans to increase the scale of the strike, depending

The Korea Herald

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경제

Can Korean milk survive the era of tariff-free imports?

As tariff-free milk products from the United States and Europe begin to arrive, South Korea's dairy industry is raising concerns that domestic products may not survive competition due to high pricing and excessive local production compared to demand. Koreans consumed 22.9 kilograms of fresh milk per person last year, down 9.5 percent from the previous year and the lowest level recorded in more than four decades, according to data from the Korea Dairy Committee. This trend is thought to reflect b

뉴스

타임라인 키워드

Finance minister vows to take 'immediate measures' over excessive FX volatility

Lee’s X posts on Election Day urging voters draw opposition backlash

Unionized members at Kakao to stage partial walkout next week

Can Korean milk survive the era of tariff-free imports?