Most Popular
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After opposition U-turn, Korea to repeal plan for financial capital gains tax
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North Korea fires ballistic missiles hours before US Election Day
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Harris, Trump face off as North Korea tests US on Election Day
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Gangnam Station ramming suspect to face detention
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Amid record-low approval rating, Yoon forgoes Assembly budget address
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[Out of the Shadows] Seoul room clubs offer drugs to compete for clientele
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Local food festivals enjoy unexpected popularity as snacks go viral
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South Korea and Central Asia set stage for first summit
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Ruling party leader condemns North Korea troop dispatch as crime against humanity
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‘Children have the right to great stories': Head of Astrid Lindgren Award stands firm against book ban
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[Video] ‘Dalgona coffee’ is piping hot during social distancing
With many self-quarantining themselves during the novel coronavirus spread, people are finding innovative measures to stay tuned. For many, who are cooped up at home for days, or even weeks -- visits to movie theaters and shopping malls are a distant dream now -- new hobbies are becoming popular. People have found ways to stay connected with others while practicing social distancing. Exotic challenges on YouTube, Instagram and TikTok are keeping them occupied while hunkering down at home.
CultureApril 2, 2020
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Korea’s front-line virus fighters get creative to up their games
Health care workers at the forefront of South Korea’s virus battle are coming up with novel ways to better arm themselves as they strain to stay ahead of the rapidly evolving outbreak. A virus testing booth developed by a doctor at a public health center in southern Busan allows health workers to wear minimum protection as they swab patients. “Health care providers require no personal protective equipment as they stand inside the booth and take samples from patients using the glov
Social AffairsApril 2, 2020
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[Herald Interview] Young NK defectors’ school hopes dashed
Students of Yeomyung School, an alternative high school for young North Korean defectors, had high hopes for the school’s relocation plan. In a new location with a new building, they would have more spacious classrooms and a real playground with enough space to kick a ball during recess. But those dreams were dashed late last year. Met with strong resistance from residents in Eunpyeong-gu, a largely residential district in northern Seoul where the school was
North KoreaApril 2, 2020
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S. Korea seeks ASEAN+3 summit on coronavirus: Cheong Wa Dae
South Korea said Thursday it is pushing for a special video conference of the leaders of the ASEAN Plus Three (APT) member states over the coronavirus. South Korea is in "close consultations" with relevant nations to arrange the event, deputy presidential spokesman Yoon Jae-kwan said at a press briefing. The APT is comprised of the 10 members of the Association of Southeast Asian Nations, South Korea, China and Japan. The move is in line with President Moon Jae-in's emphasis on &quo
Foreign AffairsApril 2, 2020
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FTC to give benefits to firms supporting coronavirus-hit suppliers
South Korea’s antitrust watchdog said Thursday it planned to give benefits to companies that support small and medium-sized enterprises affected by the coronavirus. Since early February, conglomerates have offered support for their suppliers facing disruptions in production and supply. Korean SMEs, which rely mostly on manufacturing and exports, are directly hit by production setbacks and drops in demand caused by the coronavirus. In a recent survey of 407 companies by the Korea Federa
IndustryApril 2, 2020
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In phone summit, Colombia asks for supply of S. Korean medical devices
Colombian President Ivan Duque expressed hope Thursday for the importation of South Korean-made medical products, including respirators, in response to the coronavirus outbreak, Cheong Wa Dae said. Speaking on the telephone with President Moon Jae-in, Duque said he is "deeply respectful" of South Korea's handling of COVID-19 and that Colombia desires to learn from it in "the most challenging moment in its history." The virus has sickened more than 900 people in the South Ame
Foreign AffairsApril 2, 2020
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Tmon pushes the envelope, plans IPO
South Korea’s Tmon announced Thursday that it posted its first monthly operating profit in 10 years, and plans to get listed next year. The firm recorded 160 million won ($130,000) operating profit last month, becoming the first local e-commerce platform operator to be in the black. The improvement in revenue began to materialize since the fourth quarter of last year, and will hopefully continue, a company official said. Tmon this year has seen a 44 percent increase in the numb
IndustryApril 2, 2020
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NK pushing for five-year space development program purely for peaceful purposes: state media
North Korea has been pushing for a five-year space development program purely for peaceful purposes, a state propaganda outlet said Thursday, despite outside criticism that it's a cover for developing long-range missiles capable of striking the United States. Naenara, the propaganda website, said that the North's National Aerospace Development Administration (NADA) has been working on the space program since 2016 to resolve problems in the economy and improve the lives of North Koreans. "
North KoreaApril 2, 2020
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[Management in Korea] Why all shareholders matter (2)
Management in Korea is a regular column written by the members of Egon Zehnder Seoul, touching on various aspects of Korean enterprises and business leaders and offering management tips. -- Ed. By Eugene Kim and Olivia de Patoul In the first article published in March, we discussed how governance in South Korea has become marginalized, the factors that played into creating an environment where shareholders are often ignored, and how preventive steps investors can take to ensure board members u
IndustryApril 2, 2020
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Steady stream of imported cases continues: health authorities
South Korea has continued to see a steady stream of new arrivals infected with the novel coronavirus as the country stepped up quarantine measures against entrants this week, public health authorities said Thursday. Since Wednesday, all new arrivals have been required to undergo two weeks of self-isolation, as the country struggled to deal with a rise in imported cases. On the first day of heightened screening for those who came into the country, 18 people tested positive for COVID-19, accoun
Social AffairsApril 2, 2020
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South Korea’s population declines by 8,200 since Dec. 1
SEJONG -- South Korea’s population declined by 1,432 to 51.843 million as of March, posting a fall for the fourth consecutive month, according to the Ministry of Interior and Safety. Though the pace in population decrease has slowed, data shows that a historic inverse in Korea’s demographic trend is underway, which started in December. Compared to November, when the number of residents peaked at 51.851 million, the population has declined by 8,232 over the past four months. The mo
Social AffairsApril 2, 2020
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8 foreigners denied entry after refusing 14-day quarantine
South Korea’s Ministry of Justice on Thursday said it denied entry to eight foreign nationals who refused to quarantine themselves for two weeks upon arrival here. “The quarantine office determined it inappropriate for the foreign nationals to enter the country, as they failed to follow the government quarantine measures, despite being notified prior to departure that they would have to self-quarantine,” the ministry said. Starting Wednesday, Seoul implemented a
Foreign AffairsApril 2, 2020
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S. Korea vows to donate $5.73m for N. Korea assistance projects
South Korea has pledged to donate around $5.73 million this year to international agencies to help with their aid projects for North Korea, the unification ministry said Thursday. The money includes $4 million Seoul pledged in December for the World Health Organization's project to provide medical support for North Korean women and kids and $1.73 million promised to help the North's typhoon recovery efforts through the Red Cross, the ministry said. The money represented the largest portion of
North KoreaApril 2, 2020
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Government to invest W215b in vaccine research
The government said Thursday it would invest 215.1 billion won ($175 million) over the next 10 years in research and development of vaccines for COVID-19, tuberculosis, hepatitis A and hand-foot-and-mouth disease, among others. The Ministry of Health and Welfare said the money will be spent throughout the entire cycle of vaccine development, from finding candidate substances to clinical trials, starting in July. The project to develop Korea’s own vaccines will cover not only vaccine tec
Social AffairsApril 2, 2020
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Top nuclear envoys of S. Korea, US hold phone talks on peace efforts with NK
The top nuclear envoys of South Korea and the United States held phone talks Thursday over the North Korean nuclear issue and joint efforts for lasting peace on the peninsula, the foreign ministry said. Lee Do-hoon, the ministry's special representative for Korean Peninsula peace and security affairs, and Stephen Biegun, the US special representative for North Korea and deputy secretary of state, spoke over the phone in a show of their continued coordination on peace efforts. The conversation
Foreign AffairsApril 2, 2020
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S. Korea OKs aid group's plan to provide hand sanitizers to N. Korea amid coronavirus fears
South Korea has approved a local nonprofit organization's plan to provide hand sanitizers to North Korea to support Pyongyang's anti-coronavirus efforts, a unification ministry official has said, in the first such move this year amid chilly inter-Korean relations. The approval was granted Tuesday, allowing the organization to supply hand sanitizers worth around 100 million won ($81,000), the official told reporters on condition of anonymity. He said the money has been funded by the organizatio
North KoreaApril 2, 2020
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Asiana takeover 'on track' despite virus woes
HDC Hyundai Development Co., a midsized South Korean builder, said Thursday it is "on track" to acquire Asiana Airlines Inc. despite a growing coronavirus impact on the airline industry. On Thursday, HDC Hyundai Development reiterated its plan to complete the overall process to acquire Asiana Airlines by the end of this month, dismissing speculation that it may have difficulties in taking over the company due to fallout from COVID-19. "There is no change in our acquisition pl
EconomyApril 2, 2020
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Greater Seoul area on alert as infections continue to rise
New coronavirus cases reported in areas surrounding Seoul continued to rise Thursday, heightening the alert over potential mass transmission in the area that is home to nearly half of the South Korean population. A total of 89 cases were reported nationwide, bringing the country's total to 9,976, according to the Korea Centers for Disease Control and Prevention (KCDC). Of the total, new cases in Seoul, Gyeonggi Province and Incheon reached 35. While the figure is smaller than the 52 reported
Social AffairsApril 2, 2020
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Govt. vows to ensure safe voting environment amid virus outbreak
The government vowed Thursday to take measures to create a safe voting environment for the April 15 general elections, including disinfecting polling stations at home and abroad. The government also asked for understanding regarding its decision to suspend overseas voting in 51 countries, including the United States and many European countries, due to health risks, movement restrictions and lockdowns over the COVID-19 pandemic. "It was a decision made considering the impact on the safety
PoliticsApril 2, 2020
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Virus infections near 10,000 as cluster, imported cases keep rising
South Korea again saw a slight decline in new coronavirus cases Thursday, though the country remains wary of cluster infections and imported cases. The 89 new cases of COVID-19, detected Wednesday and down from 101 new cases a day earlier, brought the country's total cases to 9,976. It marked the 21st consecutive day that new infections have hovered around 100 or fewer additional cases, according to the Korea Centers for Disease Control and Prevention (KCDC). The nation's death toll rose by fo
Social AffairsApril 2, 2020