Most Popular
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Seoul vows action over Naver's Line, Yahoo dispute
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Samsung doubles down on Vietnam
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
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Prosecutors summon pastor involved in Dior bag scandal
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Suspect behind murder of Korean tourist in Pattaya arrested
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NewJeans' members' parents complained to Hybe, email shows
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[Grace Kao] American racism against Stray Kids
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[Graphic News] Over 80% of people filing bankruptcy in Seoul in their 50s and older
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China’s AliExpress, Temu sign rare pact in Korea to ensure product safety
Chinese e-commerce giants AliExpress and Temu signed a product safety agreement with Korea's Fair Trade Commission on Monday in the hopes of ensuring and protecting Korean consumers from harmful products being distributed and sold here through their platforms. The agreement marks the first of its kind signed by an overseas online platform operator in Korea regarding product safety. Particularly, Temu's involvement is noteworthy as this is the first time the company signed such an agree
IndustryMay 13, 2024
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[Herald Review] Highlight kicks off Asia tour with memory-filled Seoul concert
Despite heavy rain, the KSPO Dome in Seoul on Saturday was packed with fans who had to come to see the boy band Highlight perform a Seoul concert of its Asia tour "Lights Go On, Again." The three Seoul concerts on May 10-12, Highlight's first concerts in two years, marked the group's 15th anniversary. Amidst crimson lights and lasers, the quartet emerged and opened the show with intense performances of "Switch On," "Alone," "Paper Cut," and other
PerformanceMay 13, 2024
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Seoul shares almost flat ahead of US inflation data
South Korean stocks ended almost flat Monday as investors were cautious ahead of the release of US inflation data set to be released later this week. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 0.42 point, or 0.02 percent, to 2,727.21. Trade volume was slightly heavy at 614.2 million shares worth 12.9 trillion won ($9.4 billion), with losers outpacing winners 481 to 380. Last week, the Dow Jones Industrial Average gained ground for the fourth c
MarketMay 13, 2024
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Samsung doubles down on Vietnam
Samsung Electronics has pledged to increase its annual spending in Vietnam to $1 billion as the Southeast Asian country emerges as a strategic base for manufacturing in the region. According to industry sources on Monday, Samsung Electronics Chief Financial Officer Park Hark-kyu on Thursday met with Vietnamese Prime Minister Pham Minh Chinh in Hanoi to discuss business collaborations. During the meeting, the Samsung CFO noted how the company has invested $22.4 billion in Vietnam so far and share
IndustryMay 13, 2024
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[Herald Interview] Kimsooja expands Bottari philosophy with vast mirror installation
PARIS, France -- The building in the heart of Paris that once housed the Paris Chamber of Commerce and the Paris Stock Exchange was transformed into a contemporary art museum, the Pinault Collection, in 2021, with renovations by architect Tadao Ando. At the center of the building is a rotunda 29 meters across whose floor is covered a total of 418 mirrors. The mirrors are an installation entitled "To Breathe -- Constellation,” by South Korean artist Kim Soo-ja, who professionally goe
CultureMay 13, 2024
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Yuhan-Kimberly’s reforestation campaign marks 40th year
Yuhan-Kimberly announced Monday that its long-standing forest conservation campaign "Keep Korea Green" has reached its 40th anniversary this year. Originating in 1984, the campaign has evolved into a corporate social responsibility model rooted in cooperative governance, driving both societal and corporate development. Marking the campaign's 40th anniversary, Yuhan-Kimberly announced its achievements so far. Through the campaign, Yuhan-Kimberly has planted over 57 million trees ac
IndustryMay 13, 2024
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Herald CEO named chief of foreign language newspaper association
Choi Jin-young, the CEO and publisher of Herald Corp., was selected as the eighth president of Korea's Foreign Language Newspapers Association at its executive directors' meeting, the group said Monday. He will serve until 2025 as chair of the association, which consists of The Korea Herald, The Korea JoongAng Daily, The Korea Times and The Aju Daily. The Foreign Language Newspapers Association was established in 2015, with goals for joint research and collaboration among foreign-langu
PeopleMay 13, 2024
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Processed food satisfaction rate keeps falling: report
South Korean consumers’ satisfaction with processed food dropped in 2023 compared to the year before, a report showed Monday, marking a decline in the price category for the third-straight year. The Korea Rural Economic Institute conducted a survey of 2,000 households across the country between August and October last year, asking them to rate their satisfaction with processed foods on a scale of 1 to 5. The respondents gave a 3.6, after marking 3.9 for three consecutive years from 2020 to
ConsumerMay 13, 2024
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
Hyundai Motor Group’s plan to build a new headquarters called Global Business Center, or GBC, as a landmark in southern Seoul still faces bumps after having already undergone decade-long obstacles as it continues struggling with the Soul Metropolitan Government to find common ground on height. The dispute was recently reignited when it was reported that the Seoul Metropolitan Government intended to reject Hyundai Motor’s new plan to build two 55-floor main buildings instead of the ea
MobilityMay 13, 2024
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Suspect behind murder of Korean tourist in Pattaya arrested
Police in South Korea arrested a man under suspicion of involvement in the murder of a Korean tourist in Pattaya, Thailand, according to the Gyeongnam Provincial Police Agency on Monday. According to police officials, a Korean man in his 20s was apprehended at his home in Jeongeup, North Jeolla Province, on Sunday evening and placed under emergency arrest for allegedly murdering a man and abandoning his body. The police had been tracking the suspect’s whereabouts after learning that he had
Social AffairsMay 13, 2024
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Kakao webtoon service exits from Europe
Kakao Piccoma, the overseas webtoon distributor of Kakao webtooons, said it would end its service in Europe, following an underwhelming performance in the French market. Kakao Piccoma currently distributes translated versions of Korean webtoons serialized on Kakao Page and Kakao Webtoon as well as Japanese manga series,via its digital cartoon platforms in Japan and France. The company said it is scheduled to stop its services in France in September, two years after it commenced local services th
CultureMay 13, 2024
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LG Innotek to spur growth in automotive lighting
LG Innotek on Monday renewed its commitment to nurturing the automotive lighting business as its key growth driver. This year marks the 10th anniversary of the commercialization of Nexlide, the parts maker’s flexible three-dimensional lighting brand for vehicles. The module-based lighting products boast brighter, clearer and more uniform light emission. Starting with the Nexlide-A in 2014, the Nexlide-M began mass production in the first quarter of this year. A total of nine types of Nexli
TechnologyMay 13, 2024
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K bank racks up record earnings ahead of market debut
South Korea's internet-only lender, K bank, witnessed a significant improvement in its earnings as it gears up for its market debut this year. The bank announced Monday that its net profit in the first quarter surged nearly fivefold to 50.7 billion won ($37 million), from 10.4 billion won in the same period last year, reaching a new quarterly high. The bank stated the record performance results from a balanced growth in both deposit and loan balances, which increased by 25.7 percent and 6.6
IndustryMay 13, 2024
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[Bridging Cultures] Czech Center director links ‘true culture’ to quality
In an era of instant messaging, appreciating longer forms of the arts, such as orchestral performances, has become challenging. That’s why quality matters more now than ever, because the way culture is presented determines how people explore their inner thoughts, according to Michal Emanovsky, the director of the Czech Center Seoul. “To be honest, money is a very important part of making decisions about projects,” Emanovsky said in a recent interview with The Korea Herald. The
PeopleMay 13, 2024
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Seoul Metro seeks solutions to scare away pigeons
Seoul Metro has installed spikes to keep pigeons from roosting in its stations and will introduce more such measures, it said Monday. The operator of Seoul subway lines No. 1 through 8 announced that it has introduced spikes and would soon adopt other measures to deter pigeons and other birds, including nets, bird repellent gel and ultrasonic bird repellers. These measures have come as complaints about birds have increased. Seoul Metro said it received 131 total complaints about pigeons specific
Social AffairsMay 13, 2024
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Toss Securities logs record quarterly profit in Q1
Toss Securities, the online-only brokerage arm of Korean fintech giant Viva Republica, continues its upward trajectory, marking a significant milestone with its highest-ever quarterly net profit in the first quarter. The company announced Monday that its net profit soared to a record 11.9 billion won ($8.7 million) in the first quarter, rebounding from a net loss of 400 million won in the same period last year. This figure is equivalent to eight times the annual net profit of 1.5 billion won rec
IndustryMay 13, 2024
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Prosecutors summon pastor involved in Dior bag scandal
A Korean American pastor accused of gifting a luxury Christian Dior handbag valued at 3 million won ($2,210) to first lady Kim Keon Hee in September 2022 was summoned and questioned by prosecutors for the first time Monday. The Seoul Central District Prosecutors Office sought to investigate the motive behind Choi Jae-young’s decision to hand the luxury bag to Kim, while using a spy cam to secretly film the meeting, according to officials. Whether Choi violated the nation’s Improper S
PoliticsMay 13, 2024
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
South Korea's top diplomat said Monday that he would use his first trip to China as a first step toward fostering enhanced bilateral relations between Seoul and Beijing and as a pivotal opportunity to invigorate strategic communications. Foreign Minister Cho Tae-yul embarked on a two-day journey to Beijing, which included his first in-person meeting with his Chinese counterpart Wang Yi on Monday afternoon, amid a period of strained bilateral ties. The foreign ministerial meeting convened at
Foreign AffairsMay 13, 2024
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Resources to protect kids on way to school inadequate: report
Despite South Korea witnessing an alarming average of over 89,000 children involved in traffic accidents annually for the past three years, recent data unveiled on Monday that Seoul suffers from inadequate resources to safeguard them from such accidents within school zones. Typically, elementary schools need at least six people per school to guide and direct students at crosswalks near schools. However, across the country's 565 public elementary schools, a total of 767 staff responsible for
Social AffairsMay 13, 2024
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Yoon to set up new office to address low birth rate
President Yoon Suk Yeol's office is working to set up a new office and hire a new senior secretary to address the matter of South Korea's low birth rate, doubling down on the president's pledge to prioritize his policy focus on the potential population crisis. Yoon ordered his aides in a closed-door meeting Monday in his office in Seoul to establish a new senior secretary office dedicated to low birth rate, Yoon's spokesperson Kim Soo-kyung told reporters in a briefing. According to Yoon's offic
PoliticsMay 13, 2024