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The Korea Herald

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UN urges world to ready for extreme heat risk from El Nino

The United Nations weather agency forecast on Tuesday a moderate or possibly a strong El Nino that could drive up global temperatures and increase the risk of extreme weather over the coming months. El Nino is a periodic warming of sea surface ‌temperatures in the central and eastern Pacific Ocean, which typically lasts between nine and 12 months, according to the World Meteorological Organization. The WMO said warm ocean waters were driving El Nino’s development and predicted above-average temp

The Korea Herald

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기타

Weekend highs to hit 34 C Sunday as Korea braces for early-summer heat wave

South Korea is expected to see sunny skies and higher temperatures over the weekend and into early next week, with Sunday's daytime highs forecast to reach as high as 34 degrees Celsius in some regions. The Korea Meteorological Administration said Friday that a warm high-pressure system settling over the peninsula will keep skies mostly clear while pushing temperatures higher. Daytime highs are forecast to reach 32 degrees on Saturday, with temperatures expected to rise to 30 degrees in Seoul, 3

The Korea Herald

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경제

New BOK chief signals looming rate hikes as inflation pressure builds

South Korea's central bank on Thursday kept its benchmark interest rate unchanged, signaling a pivot toward tighter monetary policy, while raising its 2026 growth forecast to 2.6 percent. The Monetary Policy Board held the key rate steady at 2.5 percent, extending the rate freeze in place since May 2025. However, hawkish signals became more pronounced, with two of the seven board members calling for a 25-basis-point rate hike. "Whether looking at inflation, growth, the exchange rate or the prope

The Korea Herald

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경제

BOK lifts S. Korea's growth forecast to 2.6% for this year amid robust chip-driven exports

The central bank on Thursday raised its economic growth forecast for South Korea to 2.6 percent for 2025 amid solid exports driven by a semiconductor supercycle. The revision by the Bank of Korea represents a 0.6 percentage-point increase from its previous forecast of 2 percent issued in February. For 2027, the central bank estimated its growth outlook at 2.1 percent. The South Korean economy grew 1.7 percent in the first quarter, marking the sharpest quarterly growth in 5 1/2 years. (Yonhap)

The Korea Herald

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IT/기술

Bank of America sharply lifts Korea outlook on AI chip boom

Bank of America has sharply raised its 2026 growth forecast for South Korea, citing an artificial intelligence-driven semiconductor boom that it said is strong enough to lift exports, investment, consumption and government revenue. The bank upgraded its 2026 GDP growth forecast for Korea to 3.1 percent from its previous estimate of 1.9 percent, calling the revision "a clear shift to above-trend expansion," according to its report released Tuesday. It also raised its current account surplus proje

The Korea Herald

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기타

Heat dome over Europe scorches UK, France, Spain

Temperatures hit record highs for May in the UK and France Monday, as forecasters warned of a prolonged period of extreme heat across Europe throughout the week. A so-called "heat dome" of warm air from northern Africa trapped under a high-pressure system over western Europe is behind the high temperatures not usually seen until high summer. Temperatures in Spain were expected to peak later this week at 38 degrees Celsius, while parts of Italy imposed restrictions on working outdoors. In the UK,

The Korea Herald

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기타

Heavy rain, strong winds put government on alert

Heavy rain forecast to hit South Korea on Tuesday is expected to ease drought concerns in many areas, where precipitation has remained far below average over the past six months. But the rain is expected to bring strong winds and thunder, raising safety concerns as it comes less than a week after heavy rain hit southern regions. According to the Korea Meteorological Administration on Monday, rain currently falling on Jeju Island is expected to expand nationwide from Monday night. Total precipita

The Korea Herald

중도

산업/기업

Samsung eyes record Q2 profit as union votes on wage deal

Samsung Electronics is forecast to post its strongest quarterly results on record in the second quarter, as a memory market reshaped by AI demand keeps prices climbing even as the wage settlement that pulled the company back from a strike still awaits a ratification vote closing Wednesday. According to financial data provider FnGuide, the analyst consensus for the April-June quarter stands at 165.48 trillion won ($109.7 billion) in revenue and 85.25 trillion won in operating profit, up 121.9 per

The Korea Herald

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경제

UN cuts global growth forecast over Mideast energy crisis

UNITED NATIONS (AP) — Responding to Middle East crises and rising oil prices, the United Nations on Tuesday lowered its forecast for global economic growth and raised the prospects for inflation this year. UN economists said global GDP growth is now forecast at 2.5 percent for 2026, down from 2.7 percent in January, and they said it could fall to only 2.1 percent “in a more adverse scenario.” That would be one of the weakest growth rates this century, outside of the COVID-19 pandemic and the glo

뉴스

타임라인 키워드

UN urges world to ready for extreme heat risk from El Nino

Weekend highs to hit 34 C Sunday as Korea braces for early-summer heat wave

New BOK chief signals looming rate hikes as inflation pressure builds

BOK lifts S. Korea's growth forecast to 2.6% for this year amid robust chip-driven exports

Bank of America sharply lifts Korea outlook on AI chip boom

Heat dome over Europe scorches UK, France, Spain

Heavy rain, strong winds put government on alert

Samsung eyes record Q2 profit as union votes on wage deal

UN cuts global growth forecast over Mideast energy crisis