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The Korea Herald

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Foreign reserves drop in May on FX market-stabilizing measures

South Korea's foreign reserves fell slightly last month amid efforts by authorities to manage exchange rate volatility, the central bank said Thursday. The country's foreign reserves stood at US$426.99 billion as of end-May, down $880 million from a month earlier, according to data from the Bank of Korea (BOK). The figure had risen $4.22 billion in April, following a $3.97 billion decline in March, which was the sharpest monthly drop in about a year. The BOK attributed the on-month decline to au

The Korea Herald

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정치

Trump administration drops $1.8 billion 'weaponization' fund after Republican backlash

The Trump administration is abandoning the president's $1.8 billion "weaponization" fund, US Acting Attorney General Todd Blanche told lawmakers Tuesday, after a rare backlash from Republican senators. "We are not moving forward with the fund," Blanche said. "Period." But Blanche ‌also told lawmakers that an agreement with Trump to bar future audits of his or his family's past tax records will remain in place. The fund emerged from a legal settlement between the US president and the Justice Depa

The Korea Herald

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TWS to drop 2nd single in Japan in August

TWS will release its second physical single in Japan, “Soda Soda,” on Aug. 4, according to its agency Pledis Entertainment on Monday. The album will consist of three tracks and comes about a year after the group of six debuted in the country with the single “Nice to See You Again.” The previous single made a chart-topping debut on Oricon’s Weekly and Weekly Combined Single Rankings and reached over 250,000 shipments, certifying platinum from the Recording Industry Association of Japan. The upcom

The Korea Herald

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Household spending on alcohol falls for 10th straight quarter to W13,000 a month

The average household in South Korea spent 13,000 won ($8.60) per month on alcoholic beverages in the first quarter of this year, as alcohol consumption continued to lose momentum, government data showed Tuesday. According to Statistics Korea, the figure was down 9 percent from a year earlier, marking the 10th consecutive quarterly decline and the steepest annual drop since the agency resumed compiling the data on a quarterly basis in 2019. The sustained decline reflects changing drinking habits

The Korea Herald

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Aviation output falls at sharpest pace in 52 months in April due to higher fuel surcharges

South Korea's aviation sector output fell at the sharpest pace in 52 months in April, mainly due to a spike in fuel surcharges stemming from the prolonged Middle East conflict, government data showed Monday. The production index for the aviation sector stood at 468.5 in April, down 13.5 percent from a month earlier, according to data released by the Ministry of Data and Statistics. It marked the largest on-month decline since December 2021, when the index dropped 14.2 percent. Passenger transpor

The Korea Herald

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사회

Chemical leak at university lab leaves 17 hospitalized

Seventeen people were hospitalized Thursday after toxic bromine gas leaked from a university laboratory in Cheongju, North Chungcheong Province, prompting an emergency evacuation and a local disaster alert. The leak occurred at around 7:13 p.m. on the sixth floor of Chungbuk National University's Advanced Bio Research Center, after a 500-milliliter reagent bottle containing bromine was dropped and broken, according to police and fire authorities. Authorities believe the accident happened while s

The Korea Herald

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'Life is full of gratitude': Yoo Yeol on the six months that 'rebooted' his life

Yoo Yeol, a Korean singer who in 2024 received a lung transplant, said Wednesday at the Global Business Forum, organized by The Korea Herald and Herald Business, he is living life anew since his battle with a rare cancer. The 65-year-old singer was diagnosed nine years ago with pleuroparenchymal fibroelastosis, a rare progressive lung disease with no known cause or cure. By May 2024, his weight had dropped from 65 to 41 kilograms, and a bout of influenza pushed him into respiratory failure. The

The Korea Herald

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Alpha Drive One returns with breezy summer single 'OMG!'

Rookie boy group Alpha Drive One returned Tuesday with the prologue single “No School Tomorrow.” The group dropped the two-track physical single, featuring the lead track “OMG!” and the side track “Good Life.” Set against the backdrop of an unexpected school closure, “No School Tomorrow” captures the sense of freedom and youthful excitement that comes with spontaneous rebellion. Lead track “OMG!” is a hip-hop R&B song that combines energetic hip-hop beats with trendy synthesizer sounds. The trac

The Korea Herald

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Shinee gears up to drop 6th EP

Shinee whetted fans’ appetite for its forthcoming sixth EP “Atmos,” uploading teaser photographs via label SM Entertainment on Tuesday. The four-member act will release the album, themed on feelings rooted in love, on Monday. It will do so with six tracks, including the main track of the same title and “Still Raining,” an R&B pop tune hinted at by one of the teaaser pictures. The mini album is its first endeavor in about a year to feature all members, after single “Poet | Artist,” which marked t

The Korea Herald

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Babymonster to drop single next month

Babymonster is poised to make a comeback on June 8 with digital single “Sugar Honey Ice Tea,” announced label YG Entertainment on Tuesday. The single, eyeing to be a summer anthem, comes barely a month after its third EP “Choom,” which topped the iTunes Worldwide Albums Chart. The mini album sold more than 750,000 copies in the first week, while the music video for the title track amassed 100 million hits on YouTube in two weeks. On June 26, the group will kick off an international tour named af

The Korea Herald

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문화/연예

Ahn Eun-me turns Matisse's 'Unfinished Dance' into living circle at Paris museum

On Saturday evening, pink smoke rose above the Musee d'Art Moderne de Paris (Museum of Modern Art Paris) and drifted across the Seine, coloring the early summer sky against the backdrop of the Eiffel Tower. The scene was part of "White Savage Night, Night of Baekman," a performance by the contemporary dance choreographer Ahn Eun-me. The performance began in the museum lobby, where about 50 mediators participating in Ahn's long-running project "01min 59sec" spun alone throughout the exhibition sp

The Korea Herald

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Lee's approval rating inches down to 59.3%: poll

President Lee Jae Myung's approval rating fell slightly from a week earlier last week, marking its first decline in three weeks, a survey showed Monday. In the poll conducted by Realmeter and commissioned by EKN newspaper, the positive assessment of Lee's job performance dropped 1.2 percentage points from a week before to 59.3 percent. The weekly survey was conducted on 2,507 people aged 18 and older. The figure stood at 59.5 percent in the fifth week of April, down 2.7 percentage points from th

The Korea Herald

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Hanwha turns Korea’s industrial rise into global ETF strategy

As the US-China rivalry reshapes global supply chains around security and resilience, global investors are increasingly viewing South Korea as a long-term manufacturing beneficiary rather than simply a China alternative. Against that backdrop, Hanwha Asset Management is pursuing what it calls a “K-ETF export” strategy — packaging Korea’s strategic manufacturing sectors into globally listed exchange-traded funds through partnerships with overseas financial platforms. “Korea is moving beyond the l

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타임라인 키워드

Foreign reserves drop in May on FX market-stabilizing measures

Trump administration drops $1.8 billion 'weaponization' fund after Republican backlash

TWS to drop 2nd single in Japan in August

Household spending on alcohol falls for 10th straight quarter to W13,000 a month

Aviation output falls at sharpest pace in 52 months in April due to higher fuel surcharges

Chemical leak at university lab leaves 17 hospitalized

'Life is full of gratitude': Yoo Yeol on the six months that 'rebooted' his life

Alpha Drive One returns with breezy summer single 'OMG!'

Shinee gears up to drop 6th EP

Babymonster to drop single next month

Ahn Eun-me turns Matisse's 'Unfinished Dance' into living circle at Paris museum

Lee's approval rating inches down to 59.3%: poll

Hanwha turns Korea’s industrial rise into global ETF strategy