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IMF dispels concerns of S. Korea’s rising budget deficit
Economy
South Korea’s current snowballing budget deficit, fueled by the COVID-19 pandemic “can be offset by gradual consolidation” in coming years, the International Monetary Fund said Thursday. The remark by Andreas Bauer, Korea mission chief at the IMF, apparently aims to alleviate concerns surrounding the nation’s government debt surged by four rounds of supplementary budgets implemented to finance COVID-19 relief programs. The sovereign debt is projected reach 956 trillio
Samsung’s 2020 operating profit up nearly 30% on-year despite pandemic
Industry
Samsung raises dividends to W9.8tr until 2023, prepares for sizeable M&A
S. Korea to expand in-person classes and care programs at schools
Education
South Korea will expand the proportion of in-person classes and improve the quality of online learning and child care programs so that the new academic year can proceed without delays, the Ministry of Education announced Thursday. The Education Ministry said the country’s new school year will kick off as scheduled in March and provide more than 190 class days for elementary, middle and high school students and over 180 days for those in kindergarten. The move will also allow Korea to car
Here’s how S. Korea plans to get to herd immunity by November
Social affairs
Front liners to receive first COVID-19 vaccines
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New virus cases around 500 for 2nd day amid continued rise in cluster infections
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PM: COVID-19 situation turns unstable again, new distancing levels to be fixed with prudence
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With COVID-19 vaccines just weeks away, S. Korea aims high
Politics gets uglier as lawmakers on all sides face harassment claims
Politics
South confident of missile defense against North
Defense
Kakao Pay to halt part of service due to unsolved large shareholder issue
Money
2020 best year for Naver, Samsung SDI
Industry
Gyeonggi Province plan to offer 100,000 won in cash relief, explained
Social affairs
LATEST NEWS
POSCO's 2020 operating profit dips 38 pct as pandemic hits steel demand
Prosecution indicts former Busan mayor for sexual assault
New justice minister begins term with visit to detention center
Never the same, HyunA returns with ‘I’m Not Cool’
S. Korea launches task force to strengthen policy communication with Biden gov't
Kimchi refrigerator maker develops ultra-low temperature freezer for vaccines
Lime to roll out e-mopeds in Seoul
NEWSMAKER
Ikea labor conflict deepens over ‘discriminatory’ treatment of local staff
Retail
Ikea Korea labor union goes on second strike for indefinite period, as negotiation falls through
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+2 more Related Articles
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IKEA recalls India-made travel mugs over chemical concerns
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Ikea Korea opens 4th store in Busan
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Ikea’s sales in Korea grows 32.6% despite COVID-19
MOST POPULAR
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[Eye on Business] The story behind Korea’s ‘screen golf’
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Here’s how S. Korea plans to get to herd immunity by November
3
New virus cases around 500 for 2nd day amid continued rise in cluster infections
4
Moon’s tough job of striking balance between US, China
5
PM: COVID-19 situation turns unstable again, new distancing levels to be fixed with prudence
6
New infections up over 500 on flare-up in religious community infections
7
Pets and COVID-19: What owners should know
8
Samsung's 2020 operating profit up nearly 30% on-year
9
[Newsmaker] Heavy snow advisory issued for Seoul, northern Gyeonggi
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S. Korea to expand in-person classes and care programs at schools
SPOTLIGHT
Foreign affairs
South Korea, Uzbekistan agree to begin free trade talks
Theater
Which film will follow ‘Parasite’?
Social affairs
Korea unveils plans to raise healthy life expectancy by 2030
Social affairs
Ministry busts misleading cosmetics ads
Social affairs
What is cheapest option for Lunar New Year grocery shopping?
World News
Nanofiber swabs developed to enhance COVID-19 test accuracy
Retail
Korea Public Health Association teams up with Febreze to launch hygiene campaign
Transport
Four-way partnership forged for flying cars
OPINION
Is Korean police ready for new role?
Viewpoints
Congress losing power for a hundred years
Viewpoints
Unrealistic goal
Seoul should reconsider plan to retake wartime OPCON within Moon’s term
Editorial
Seoul’s Defense Ministry came out Monday and denied a report that South Korea was seeking to set a date to retake wartime operational control over its troops from the US. A ministry spokesperson said the allies are working closely on the conditions-based wartime OPCON transfer. Earlier Monday, a local daily reported that South Korea had abandoned its goal of regaining wartime operational control within President Moon Jae-in’s five-year tenure, which ends in May 2022, and instead aim
In the victim’s shoes
Justice Party chief quits over sex offense; Secondary abuse of Park’s victim worsens
Editorial
Kim Jong-cheol, the chief of the Justice Party, resigned Monday due to his sexual misconduct. It is shocking that the leader of a progressive party, which claims to champion gender equality, sexually molested a female lawmaker of the same party. The party disclosed Kim’s sexual harassment and even identified the victim, at her request. The perpetrator admitted to his wrongdoings, apologized and called on the party to sternly punish him. It may be fortunate the party did not hush up
GRAPHIC NEWS
THE INVESTOR
Delivery discounts offered to support restaurants, social distancing
Economy
Consumers who order more than 20,000 won ($18.30) on designated delivery apps with a credit card will get 10,000 won as a cash back reward or discount, the government said on Dec. 29. Currently, seven delivery apps including Baedal Minjok, Yogiyo, Payco and Coupang Eats are participating, and four more apps are expected to join as soon as they complete system maintenance. Payments have to be made on the delivery apps with credit cards issued by nine card companies -- KB Kookmin, N
E-commerce giant launches video streaming service Coupang Play
Mobile & Internet
Coupang, one of Asia’s largest eCommerce companies, on Dec. 28 said that it added video streaming as its latest offering to WOW members with the launch of Coupang&
Vice minister warns against market overheating during crisis management
Economy
South Korea’s Finance Vice Minister Kim Yong-beom warned on Dec. 8 that the ample liquidity level that arose during the COVID-19 crisis management procedure may trigger an overheating phenomenon in the assets market. He especially urged real estate market participants not to get carried away by the current uptrend, pointing out that the country will phase out the current expansionary economic policies once the ongoing epidemic crisis dies down. “Lately, leading economies have see
Posco International invests in local laser cutting application firm
Industrials
Posco International, South Korea’s largest trading company, said on Dec. 8 that it has invested in local laser cutting applications developer Innovated Technology. The two firms partnered through an acquisition of shares in Innovated Technology by Posco International. The details were not disclosed. Innovated Technology currently has a wide range of laser cut solutions used in making tempered glass, as well as those used to protect displays. The firm currently processes ultrathin
K-POP
Never the same, HyunA returns with ‘I’m Not Cool’
TXT tops Japan's Oricon weekly albums charts with 1st Japanese
BTS earns five nominations for 2021 Korean Music Awards
NCT 127 to drop new EP in Japan next month
IKON’s Bobby sings the bliss and sorrows of his 20s in ‘Lucky Man’
HERALD INTERVIEW
Young feminist runs for Seoul mayor
Politics
Party vows monthly basic income, mandatory parental leave for both parents
Microbiome key to personalized health supplements
Retail
Korean startup’s technology meets Amway’s global product lineup
Meet ant investors' YouTube guru
Economy
Kim Dong-hwan, the founder of a market and economic YouTube show “Three Pros” had never imagined that his channel would have 1 million subscribers, a tenfold increase, just within a year. “Three Pros: With Economic God” provides daily market updates and analysis of industries and economy and is hosted by three “pros” in the field: Kim, Lee Jin-woo and Jung Young-jin. The channel has recorded more than 200 million views so far and attracts as many as 60,000
GreenPureTech seeks to provide the world with hospital beds
Industry
A lack of hospital beds has been one of the painstaking points of COVID-19 pandemic as more and more medical institutions around the globe become overwhelmed with patients amid the relentless spread of the coronavirus. GreenPureTech., a Seoul-based medical equipment provider, hopes to provide quick relief to this bed crunch and contribute to saving more lives. According to CEO Lim Hyung-bo, the company is an unrivalled leader in the field of movable negative pressure rooms in South Korea, wi
VIDEO
‘Working from home’ to stay in 2021
Korean winter staples for cold nights
A symbol of hope in COVID-19 era: Medical staff in suits
A guide through South Korean‘s favorite tipple: Makgeolli
Personality tests gain popularity as icebreaker
PHOTO NEWS
Sea of light
Wait in line
Green refuge underground
Arctic cold waves freeze ports in Hwaseong
Gapyeong’s garden of fantastic lights
FEATURES
South Korea No. 5 in relative income poverty: OECD
Social affairs
Elderly living below poverty line tops list of 33 countries
AFoCO views forest cooperation as key to battle climate and pandemic crisis
Industry
Asia tackles the transnational risks of climate and pandemic through AFoCO
The story behind Korea’s ‘screen golf’
Industry
How Golfzon popularized the outdoor sport in highly-packed urban areas
LG Chem breaks earnings records on battery boom
Industry
LG Display pares losses, Kia's Q4 net nearly triples
WEEKENDER
Dispute rages over ban on propaganda leafleting
Korean gatherings go virtual on Minecraft amid pandemic
Young and fearless: Startups enter global race for space, robotics and AI
What does the date on your milk mean?
Zero waste movement grows amid pandemic
When the going gets tough, the tough deliver