[Herald Interview] JobKorea’s Klik brings jobs, community to growing foreign workforce in Korea

As Korea’s foreign workforce nears the 1 million mark, JobKorea, the nation’s leading online recruitment platform, has launched the spinoff Klik, or Kickstart Life in Korea, to bring quality jobs and community to foreign national job seekers. Chris Heo, a 33-year-old Canadian national who leads the Klik team, said that the platform’s birth was largely inspired by his own experiences and challenges as a foreign national living in Korea. “I’ve struggled with complex a

IndustryNov. 11, 2024

[Bills in Focus] Aligning retirement with pension eligibility, enhancing urban growth

Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Kim Jae-sub (People Power Party) ● This amendment expands the Act's regulatory scope to cover distribution systems involving atypical securities, paving the way for innovative solutions in fractional investing, such as "investing in bits and pieces" or "fractional share trading." It establishes legal grounds for security tokens, creates an issuer's account

PoliticsNov. 11, 2024

SK to enhance board's role in readiness for AI era

South Korea’s second-largest conglomerate SK Group announced Monday its commitment to further enhance its governance structure by expanding the board's role beyond decision-making to setting directions and evaluating performance, intent to better navigate the era of artificial intelligence. At SK Directors’ Summit 2024 in Seoul on Thursday, SK Group Chairman Chey Tae-won and chief executives of the group’s affiliates, including Choi Chang-won, the head of the group’s

IndustryNov. 11, 2024

[From the Scene] Step inside the world of 'Squid Game 2'

The countdown to "Squid Game 2" has begun as the global hit series is set to return this December. Last December, the press was given a tour of the "Squid Game 2" filming location for an exclusive sneak peek at the new season. Located in Daejeon Expo Science Park, the filming studio for "Squid Game 2" offered reporters a view of the show's iconic "maze corridors" and the massive dormitory for the fictional game’s participants. For the upcoming s

TelevisionNov. 11, 2024

Teens' prank spoils Busan's biggest fireworks festival

An unexpected lighting failure that occurred during the 19th Busan Fireworks Festival on Saturday was caused by three teenagers, according to the event’s organizers on Sunday. The teens' unauthorized entrance into the control room for the festival led to the light failure, according to the organizing committee of the annual festival in the second-largest Korean city. The teens touched a cable connected to light controls on the bridge Gwangandaegyo while being escorted out by security,

Social AffairsNov. 11, 2024

Ukraine reveals intercepted radio communications of NK soldiers in Russia

Ukraine's defense intelligence agency has released an audio clip of what it claims to be intercepted radio communications between North Korean soldiers in Russia speaking in coded military terms. The Defense Intelligence of Ukraine uploaded a post on Sunday (local time) of what it claimed to be intercepted radio transmissions of a group of North Korean soldiers deployed in Russia's western Kursk region to support Russia's war against Ukraine. In the audio, the soldiers exchange co

North KoreaNov. 11, 2024

Yoon govt. maintains 'stable' macroeconomic management in first half: finance ministry

The Yoon government has successfully maintained stable macroeconomic conditions to mitigate the impact of multiple global crises, the finance ministry said Monday, highlighting the success of the Yoon Suk Yeol administration's economic and fiscal policies over the past 2 1/2 years. The review was presented in a report issued by the Ministry of Economy and Finance to mark the midpoint of President Yoon's single five-year term, which fell on Sunday. "From the start of the administ

EconomyNov. 11, 2024

DP to submit revised special counsel bill targeting first lady

The main opposition Democratic Party said Monday it will submit a revised special counsel bill focused on allegations involving first lady Kim Keon Hee, which narrows the scope of the probe and allows a third party to recommend a special prosecutor. DP spokesperson Han Min-soo said the party will submit the revised proposal focused on Kim's alleged involvement in a stock manipulation scheme and allegations of interference in election nominations during a plenary session of the National Asse

PoliticsNov. 11, 2024

Exports fall 18% in Nov. 1-10 period despite strong chip sales

South Korea's exports slid 17.8 percent on-year in the first 10 days of November due mainly to fewer working days and falling demand from major economies, data showed Monday. Outbound shipments reached $14.91 billion in the Nov. 1-10 period, compared with $18.13 billion tallied a year earlier, according to the data from the Korea Customs Service. The number of working days during the cited period of this year came to 7 days, compared with 8.5 days a year earlier. Per-day exports only slippe

EconomyNov. 11, 2024

Seoul shares open lower on Trump uncertainties

South Korean stocks opened lower on Monday, as investors sat on the sidelines over policy uncertainties under the incoming Trump administration. The benchmark Korea Composite Stock Price Index fell 12.6 points, or 0.49 percent, to 2,548.55 in the first 15 minutes of trading. In Seoul, top tech giant Samsung Electronics moved down 2.11 percent, and No. 2 chipmaker SK hynix shed 1.8 percent. Top battery maker LG Energy Solution, on the other hand, increased 8.91 percent. Top steelmaker Posco Holdi

MarketNov. 11, 2024

Three-time Olympic gold medalist Oh named for CICI award

South Korean Olympic fencing gold medalist Oh Sang-uk will receive the annual Korea Image Stepping Stone Award presented by the Corea Image Communication Institute in January next year. “Oh elevated South Korea’s global profile by winning two gold medals in the men’s individual and team sabre at the 2024 Paris Olympics,” CICI, a nonprofit promoting Korea’s image abroad, said in a statement Sunday. The Korea Image Stepping Stone Bridge Award went to Korean American c

CultureNov. 11, 2024

[Graphic News] Rising wedding costs raise cash gift expectations

Amid “weddingflation” in South Korea, wedding expenses have surged, leaving guests uncertain about how much to give as cash gifts. Koreans commonly base cash gifts on the cost of the wedding meal and their closeness to the couple. In Seoul, most wedding meals now cost between 70,000 and 80,000 won ($51-$59), raising concerns for guests planning to give only 50,000 won. A Shinhan Bank survey found that people in their 20s to 40s primarily determined cash gift amounts based on their

Social AffairsNov. 11, 2024

[Yoo Choon-sik] Would you buy South Korea?

It is always heartwarming to meet a close friend after a long time. I experienced such a joyful moment last week when I reunited with a former colleague I had worked with at the same company, in the same area of macroeconomic reporting, after many years, during his visit to Seoul for a holiday. We discussed many topics, ranging from our daily lives since leaving the company several years ago to our thoughts on the outcome of the US presidential election -- which had been decided just hours befor

ViewpointsNov. 11, 2024

Bitcoin hits $80,000 for the first time

Bitcoin soared to a new record high on Sunday, as the cryptocurrency continues to rise following Donald Trump's presidential election win. The digital currency passed $80,000 for the first time shortly after 12:00 pm (1200 GMT). It reached $75,000 on Wednesday, topping its previous all-time peak of $73,797.98 achieved in March. (AFP)

World BusinessNov. 10, 2024

Putin finalizes N. Korea defense deal

Russian President Vladimir Putin has signed off on a landmark defense pact with North Korea, a deal that comes amid reports that Pyongyang has dispatched thousands of troops to fight against Ukraine. Putin struck the deal during a visit to North Korea in June, but it had to pass through Russia's parliament and signed by the Kremlin leader to come into force. The Kremlin published the signed law ratifying the treaty on its website on Saturday evening. The agreement formalizes months of deepe

North KoreaNov. 10, 2024

N. Korea's World Cup-winning footballers get heroes' welcome home

North Korea's Under-17 Women's World Cup-winning footballers received a heroes' welcome back in the capital Pyongyang, AFP footage showed on Sunday, with hundreds of people on the streets to celebrate their success. They had defeated Spain on penalties after a 1-1 draw in the U17 World Cup final in the Dominican Republic a week ago. Remarkably it was the second global title in two months for secretive North Korea -- largely closed off to the outside world -- they also lifted the

North KoreaNov. 10, 2024

Yoon launches group to prepare for Trump’s return

South Korean President Yoon Suk Yeol on Sunday directed the immediate launch and operation of an ad hoc consultative body spanning finance, trade and industry to prepare for major shifts and potential ramifications expected with the inauguration of the Trump administration’s second term in January. Yoon highlighted that "significant changes in the global economy and security landscape" are expected as the second Trump administration takes office in Washington and sets its policy

Foreign AffairsNov. 10, 2024

Only one-third of young diabetic Koreans receiving treatment: data

Suspected diabetes cases are surging among young Koreans, but only one-third are receiving treatment. Nearly 1 in 5 Koreans aged 19-39 are showing signs of prediabetic conditions, with the ratio rising to 1 in 3 among men in their 30s. These are some of the key findings of a study conducted by the Korean Diabetes Association, which analyzed blood test data of Koreans who underwent state-offered medical checkups from 2019 to 2022. According to its analysis, 307,965 Koreans aged 19 to 39 had high

Social AffairsNov. 10, 2024

Chinese violinist Luo Chaowen wins Isangyun Competition

Chinese violinist Luo Chaowen won first prize at this year's Isangyun Competition on Saturday, performing Brahms' Violin Concerto in D major, Op. 77 with the Tongyeong Festival Orchestra, led by conductor Christoph Poppen. Luo was followed by South Korean violinist Park Eun-joong. Park also took home the UNESCO Creative City of Music Special Prize decided by audience votes. Tongyeong was designated a UNESCO Creative City of Music in 2015. The third prize went to South Korean violinist

PerformanceNov. 10, 2024

[Herald Review] ‘Hear Me: Our Summer’: the power of speaking through the eyes

Watching “Hear Me: Our Summer,” Hong Kyung and Roh Yoon-seo’s latest romance that opened in theaters Wednesday, one may have noticed how the movie lacks three elements typical of romance movies: a villain who sabotages the main characters, a protagonist’s dramatic, near-death experience and, most surprisingly, the pouring out of emotion in heartfelt spoken lines. In director Jo Sun-ho’s coming-of-age romance flick, “Hear Me: Our Summer,” most of the thre

FilmNov. 10, 2024