379 taxed for sales made via secondhand goods trading

Nearly 400 users of second-hand trading platforms that logged "substantial" revenue were taxed by the government this year, tax agency data showed Monday. A total of 379 people that were taxed by the National Tax Service reported an accumulated 17.7 billion won ($13.2 million) in sales this year, equivalent to about 46.7 million won per person, according to the National Tax Service data revealed by Rep. Park Seong-hoon of the ruling People Power Party. The report showed that the 10 mos

Social AffairsAug. 19, 2024

Ford halts Quebec battery plant project with SK, EcoPro

Construction of a cathode material plant in Becancour, Quebec -- a joint venture between Korea’s EcoPro BM, SK On, and US automaker Ford -- has been halted for the second time this year, amid growing uncertainty surrounding Ford’s electric vehicle strategy. The plant's construction began in August last year and was initially paused in April this year due to issues with selecting a contractor and finalizing the facility’s design. At the time, Francois Legault, the Premier o

MobilityAug. 19, 2024

[Photo News] Promising columnists

The winners of the 2024 Student Column Contest and officials of The Korea Herald pose for a photograph at the award ceremony held at Herald Media Group is Seoul on Monday. The contest was co-hosted by The Korea Herald and Seoul National University’s English-language journal The SNU Quill. From left: The Korea Herald chief copy editor Paul Kerry, The Korea Herald managing editor Lee Joo-hee, first place winner Kim Ha-jin of Seoul National University, second place winner Chae Song-hwa and th

PeopleAug. 19, 2024

Celltrion eyes top 5 drug maker by 2030

South Korean biopharmaceutical firm Celltrion Pharm unveiled Monday a new vision to become one of South Korea’s top five pharmaceutical companies by 2023. Under Vision 2030, Celltrion Pharm said the company aims to make a quantum leap by enhancing its core business strengths and implementing differentiated growth strategies across its manufacturing, research and sales divisions. Celltrion plans to boost production at its Cheongju plant, which holds Good Manufacturing Practice certification

CompaniesAug. 19, 2024

Daewoong’s botulinum toxin debuts in Australia

Daewoong Pharmaceutical, South Korea’s leading drug maker, announced Monday the company officially launched its botulinum toxin, dubbed Nuceiva, in Australia in partnership with a Nasdaq-listed US company Evolus. Oceania is the fifth continent Daewoo Pharmaceutical has entered, after North America, South America, Europe and Asia, with its self-developed botulinum toxin. “Our market penetration into Australia will allow us to build on the momentum of expanding presence in the global m

IndustryAug. 19, 2024

[Photo News] Korean Air spreads wings of charity

Employees from Korean Air and Delta Air Lines pose for a photo after a homebuilding project in Cheonan, South Chungcheong Province, Wednesday. In collaboration with Habitat for Humanity Korea, the initiative aims to provide much-needed housing for local families. A team of 33 employees from the two airlines worked together on various construction tasks, including brick-laying, roofing and carpentry. Korean Air’s partnership with Habitat for Humanity Korea dates back to 2001, initially fo

IndustryAug. 19, 2024

[Bills in Focus] Shareholder rights, e-commerce safeguards

Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● Although corporate directors have a duty of loyalty towards their company, they have no obligations toward their shareholders. Therefore, to protect shareholders from the decisions of directors, this bill imposes a duty of fairness on directors. Proposed Bill: Partial Amendment to the Act on the Consumer Protection in Electronic Commerce Proposed by Rep. Cheon Jun-ho (Democratic

Social AffairsAug. 19, 2024

Bandit of brothers: Former war veteran swindles another veteran

A South Korea veteran of the Vietnam War in his 70s has been arrested on suspicion of defrauding money from another war veteran suffering from dementia, police said Monday. According to Suwon Jungbu Police Station, the suspect is being investigated on the charge of quasi-fraud, stipulated by Article 348 of the Criminal Act as taking advantage of a minor or one suffering from a mental disorder by taking one's property or obtaining financial advantages. He is believed to have taken some 86 mi

Social AffairsAug. 19, 2024

Japanese claims to Dokdo being spread through fake Instagram accounts of Korean professor

A local professor known for his years-long promotion of Dokdo said Monday that social media accounts attempting to impersonate him have been spreading false claims related to the South Korean islets. Seo Kyung-duk, a professor of liberal arts at Sungshin Women's University, shared a screenshot of a fake Instagram account that says, "I love Japan (heart). Takeshima is Japanese territory and rising-sun flag is beautiful flag." Takeshima is what Japan calls Dokdo. "Some users on

Social AffairsAug. 19, 2024

Yoon calls for bolstering readiness against N. Korea's 'gray zone' provocations

President Yoon Suk Yeol called for bolstering readiness against North Korea's "gray zone" provocations and hybrid warfare as South Korea and the United States kicked off their annual joint exercise on Monday. Yoon said during a Cabinet meeting that this year's Ulchi Freedom Shield exercise will focus on integrating the allies' capabilities under various crisis scenarios to deter North Korea's evolving military threats, psychological warfare and cyberattacks. "W

PoliticsAug. 19, 2024

PPP leader welcomes opposition leader's offer of talks

The leader of the ruling People Power Party said Monday he welcomes an offer of talks that opposition leader Lee Jae-myung extended upon his reelection as leader of the main opposition Democratic Party the previous day. PPP leader Han Dong-hoon made the remark at a party meeting while congratulating Lee on his reelection and voiced hope their envisioned meeting could lead to "substantial progress" on several stalled livelihood-related issues. "I hope we can set a time and place as

PoliticsAug. 19, 2024

Padres' Kim Ha-seong leaves game with shoulder injury

Kim Ha-seong of the San Diego Padres exited his latest game with a shoulder injury after a dive back to first base on a pickoff attempt. Kim hurt his right shoulder during the top of the third inning against the Colorado Rockies at Coors Field in Denver on Sunday. He opened that inning with a single off the starter Bradley Blalock, and with Luis Arraez at the plate, Kim dove safely back to the bag when the right-hander tried to pick him off. After the safe call, Kim immediately signaled to the d

BaseballAug. 19, 2024

[The Calling] Deaf priest calls out scant teachings about deaf people

Ordained Asia’s first-ever deaf Catholic priest in July 2007 at the age of 39, Father Park Min-seo is a trailblazer. Park reached another milestone in May, earning a doctor of ministry with a dissertation on how the Korean Catholic Church could better serve deaf Catholics. He worked on his dissertation while serving a three-year term as a chaplain at St. Francis of Assisi Deaf Church in Maryland. The Archdiocese of Washington had asked the Archdiocese of Seoul to dispatch Park, who is prof

PeopleAug. 19, 2024

[Graphic News] South Korea’s population inches up thanks to foreign residents

South Korea’s total population rebounded in 2023 thanks to the growing number of foreign residents after two years of on-year declines, though the country continued to experience falling birth rates and rapid aging, data showed. The country’s total population rose 0.2 percent, or 82,000, from a year earlier to 51.77 million as of Nov. 1, according to the 2023 census by Statistics Korea. It marked the first on-year increase in three years. The country logged its first on-year popula

Social AffairsAug. 19, 2024

[AtoZ Korean Mind] 'Ojirap,' navigating the fine line between care and intrusion

Kim Eun-hye, 36, instantly regretted mentioning she had gone on a blind date over the weekend. Immediately after her remarks, the usually dull lunchtime conversation with her senior colleagues came to life. The two married seniors bombarded her with questions about her date: what's his job, where does he live, how tall is he? While Kim wasn’t really sure whether she should meet him again, they insisted she give him a chance, saying he could be the best option for someone her age. Th

Hashtag KoreaAug. 19, 2024

Seoul shares open nearly flat on profit taking

South Korean stocks opened nearly flat on Monday as investors cashed in profits following recent gains amid the eased fears of a potential recession in the United States. The benchmark Korea Composite Stock Price Index (Kospi) edged down 0.58 points, or 0.02 percent, to 2,696.65 in the first 15 minutes of trading. South Korean stocks tumbled by the most on record to a near nine-month low on Aug. 5 amid intensifying fears over a US economic slowdown, crashing 8.77 percent to close at 2,441.55. Se

MarketAug. 19, 2024

[팟캐스트] (611) '국민배우' 차인표, 옥스퍼드대학에서 강연하다?!

진행자: 김혜연, Kevin Lee Selzer [Eye Interview] Actor-novelist Cha In-pyo reflects on trials of bringing his debut novel to global spotlight 기사 요약: 배우 차인표가 "미래 세대"를 위하여 썼다는 일제강점기 민족의 아픔 그려낸 소설, 옥스포드대 필독서로 지정되다 [1] Set in the peaks of Baekdusan in 1931, Cha In-pyo’s 2009 debut novel "Once We Look at the Same Star" captures the budding friendship of a young tiger hunter, Yong, and Suni, the village chief’s granddaughter, until their tranquil life is soon shattered by hi

PodcastAug. 19, 2024

[Rachel Greszler] Universal basic income is no panacea

Do we need universal basic income? Some economists say we do. They claim that UBI -- a taxpayer-funded minimum monthly payment with no strings attached -- would reduce poverty and inequality; improve physical and mental health; and provide financial security so that recipients can earn a degree, launch a business, or care for family members. But we don’t have to take their word for it. A recent UBI experiment has given us some real-world results. Nineteen counties in Texas and Illinois tes

ViewpointsAug. 19, 2024

[Yoo Choon-sik] Don’t expect poor domestic demand curing itself

While South Korea's economy appears to sustain growth thanks to robust exports of a few big-ticket items, a slew of statistics released in recent weeks points to a deepening slump in domestic consumption. Against this backdrop, policy authorities seem to lack both the will and the tools to change course. Statistics Korea’s retail sales index fell 2.9 percent in volume terms during the second quarter of this year compared to the same period in 2023, marking the worst drop in 15 years s

ViewpointsAug. 19, 2024