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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Amid record-low approval rating, Yoon forgoes Assembly budget address
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Gangnam Station ramming suspect to face detention
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Harris, Trump face off as North Korea tests US on Election Day
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South Korea and Central Asia set stage for first summit
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Local food festivals enjoy unexpected popularity as snacks go viral
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[Out of the Shadows] Seoul room clubs offer drugs to compete for clientele
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Ruling party leader condemns North Korea troop dispatch as crime against humanity
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SK chief vows to tackle AI bottleneck along with Nvidia, TSMC
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Cellist Yang Sung-won’s trio to go on Korean tour
Trio Owon, consisting of cellist Yang Sung-won, pianist Emmanuel Strosser and violinist Olivier Charlier, will embark on a nationwide tour in November in celebration of its 10th anniversary.The tour will kick off in Andong, North Gyeongsang Province, on Nov. 15, followed by performances in Changwon, South Gyeongsang Province, on Nov. 16; at the Changwon International Chamber Music Festival in Seoul on Nov. 18; and Yeosu, South Jeolla Province, on Nov. 22. The final concert will be held Nov. 24 i
PerformanceAug. 5, 2019
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[News Focus] More than 10,000 centenarians reside in Seoul metropolitan area
SEJONG -- The population of South Korea increased by less than 1.2 percent over the past five years from 51.25 million in July 2014 to 51.84 million in July 2019, amid the record-low birthrates.According to the Ministry of Interior and Safety, the number of Koreans increased by only 595,000 over the five-year period. This indicates a growth of less than 10,000 a month on average.Apart from the rapid reduction of newborns and those aged under 15, the working population aged between 15 and 64 has
Social AffairsAug. 5, 2019
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Moon says government must aim to overtake Japan’s economy
President Moon Jae-in on Monday stressed the need to seek economic growth and improve inter-Korean relations in overcoming trade curbing measures imposed by Japan. Speaking at a weekly meeting with senior aides, Moon said that the government must look beyond responding to Japan’s measures to laying the foundation for overtaking Japan’s economy, and highlighted the importance of what he called a “peace economy.”“Extraordinary determination and bigger perspective to o
PoliticsAug. 5, 2019
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[Herald Interview] Whynot Media CEO talks about origin, appeal of web dramas
The rise of YouTube in Korea poses a dilemma for content houses.The platform lowers the entry barrier for producers, spurring competition and interest, but also allows hobbyists to vie with professional productions."We are living in an era where a 9-year-old kid can generate and distribute online content and make a business out of it,” Lee Min-seok, co-founder and CEO of web content production startup Whynot Media, said in an interview with The Investor.“The question is what con
TechnologyAug. 5, 2019
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[Newsmaker] Typhoon Francisco to hit Korea on Tuesday afternoon
Typhoon Francisco, the season’s eighth typhoon, will hit Korea from Tuesday afternoon through Wednesday, with heavy rains expected across the country, the weather agency said Monday.The typhoon was moving northwest at a speed of 24 kilometers per hour from about 390 km east of Kagoshima, Japan, as of 3 p.m. Monday. It is expected to land on the country’s south coast between Tuesday night and Wednesday morning, according to the Korea Meteorological Administration.Francisco is expected
Social AffairsAug. 5, 2019
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KAIST launches technical advisory group for SMEs amid Japan’s trade curbs
Korea Advanced Institute of Science and Technology, one of the nation’s leading research universities, launched an advisory board consisting of its technicians to support companies amid trade tension with Japan.KAIST Advisors on Materials & Parts officially kicked off Monday, following Japan’s decision to remove South Korea from its whitelist of preferred trade partners last week. The advisory group consists of more than 100 incumbent and honorary professors of the institute
TechnologyAug. 5, 2019
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Kang Daniel, Jihyo of Twice dating, agencies confirm
K-pop singers Kang Daniel and Jihyo of girl group Twice are in a romantic relationship, their respective agencies confirmed Monday. “It has been confirmed that the two are dating with good feelings toward each other,” Kang’s Konnect Entertainment and Twice’s JYP Entertainment said. Earlier in the day local media outlet Dispatch broke the news, saying the two K-pop stars had started dating earlier this year. The publication also revealed photos of Jihyo arriving at K
PerformanceAug. 5, 2019
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Sales of Japanese imported vehicles dip in Korea amid trade feud
Sales of imported cars from Japan fell by double digits in July, amid an escalating trade feud between Korea and Japan and a subsequent Korean boycott of Japanese goods. According to data released Monday by the Korea Automobile Importers & Distributors Association, the number of newly registered cars from Japanese carmakers dropped 17.2 percent to 2,674 units in July, down from 3,229 units registered the same time last year.Compared with 3,946 units registered in June, the figure was also do
MobilityAug. 5, 2019
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Bourse operator halts program trading as Kosdaq plunges
Program trading of shares listed on South Korea's secondary Kosdaq market was briefly halted Monday as the market's index plunged over global trade disputes, the bourse's operator said. Program trading was halted for five minutes starting at 2:09 p.m. after the Kosdaq index slipped more than 6 percent, the Korea Exchange said in a statement. It was the first time since June 24, 2016, that the "sidecar" was activated according to exchange rules.South Korea's currency and stocks lo
MarketAug. 5, 2019
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No discussions on US missile deployment in S. Korea: ministry
South Korea has had no discussions with the United States on the possible deployment of US intermediate-range missiles on its soil, nor does it plan to do so, the defense ministry said Monday.Some media outlets have speculated that South Korea could be one of candidate sites for US missiles, after Washington pledged to deploy them in Asia and elsewhere to maintain deterrence after withdrawing from an anti-missile treaty with Russia."Our government did not have any official discussions with
DefenseAug. 5, 2019
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Food fight continues over ruling party chairman’s lunch at Japanese restaurant
Political parties continued their quarrel over the weekend as to whether it was appropriate for Lee Hae-chan, the chairman of the ruling Democratic Party of Korea, to visit a Japanese restaurant for lunch on Friday, the day Japan excluded South Korea from its whitelist of trusted trade partners.The main opposition Liberty Korea Party -- grappling to appease public backlash sparked by its lawmaker Rep. Kim Jae-won appearing at the National Assembly under the influence of alcohol last week -- houn
PoliticsAug. 5, 2019
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STX's investment deal
STX Corp. CEO Park Sang-jun (right) shakes hands with KA Group chairman Abdulghani during a signing ceremony for the agreement on the group's CB investment of $5.5 million in the Korean corporation in Seoul on Friday. KA Group, as the strategic partner of STX, has been supporting local business in the Middle East including Iraq. Business cooperation between two companies will be expanded to Europe and Asia as well as the middle East due to this investment partnership, STX officials said.&nb
WorldAug. 5, 2019
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1 in 4 students, new graduates studying for civil service exam
One in 4 university students and new graduates in South Korea are preparing to take the state-run civil service exams mostly for job security, a survey showed Monday. In a poll of 1,022 university students and those who graduated earlier this year by local job portals Job Korea and Albamon, 24.7 percent of the respondents said they were preparing to sit for the state exams. Nearly 60 percent of those surveyed said they were willing to prepare for the civil service exam. Only 15.7 percent s
Social AffairsAug. 5, 2019
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S. Korea in consultation with Japan, China for annual summit, Cheong Wa Dae says
South Korea is trying to set a schedule for a yearly trilateral summit with Japan and China, Cheong Wa Dae confirmed Monday amid a deepening confrontation between Seoul and Tokyo.The latest summit was held in Tokyo in May last year among President Moon Jae-in, Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang.The 2019 summit has not been held yet, for which China is supposed to serve as the rotating chair. Arrangements are reportedly being made to open the summit in Beijing in De
Foreign AffairsAug. 5, 2019
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South Korea confirms 2020 minimum wage at W8,590
South Korea’s hourly minimum wage for next year has been confirmed at 8,590 won ($7.10) after a monthslong debate, the government said Monday.The Ministry of Employment and Labor legally set the figure as the minimum wage for 2020, sticking with the recommendation of the Minimum Wage Commission last week.It added that when factoring in the minimum wage to the 209 working hours every month, the monthly salary would come to 1.7 million won. The 2.9 percent raise from this year’s
PoliticsAug. 5, 2019
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Police place travel ban on official involved in Ronaldo saga
Seoul police said Monday they have put a travel ban on an official involved in a controversy surrounding football star Cristiano Ronaldo's absence in a recent exhibition match.An official with the Seoul Metropolitan Police Agency told reporters that one person has been banned from leaving the country, while two others from the K League, the national governing body of professional football, have been questioned. Police declined to identify the person under the travel ban. Ronaldo was conspicuous
Social AffairsAug. 5, 2019
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YouTubers caught recommending illegal camping
Wilderness camping spots have been an increasingly popular item for Korean YouTubers, but unlike in other parts of the world, camping out in the wild is illegal in Korea.According to a report by Korean broadcaster SBS on Sunday, some South Korean YouTubers trespassed into off-limits areas and even encouraged their viewers to do the same. In one of the videos shown in the report, the YouTuber makes his camping spot on a rock next to a pool of water below the waterfall and then heads straight into
TelevisionAug. 5, 2019
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S. Korea reviews 'propriety' of military intel-sharing pact with Japan: ministry
South Korea is reviewing whether it is right to continue exchanging military intelligence with Japan under a bilateral information-sharing pact, the defense ministry said Monday, amid speculation Seoul could rescind the agreement over a trade and diplomatic row with Tokyo.Officials in Seoul have hinted at the possibility of scrapping the General Security of Military Information Agreement (GSOMIA) in response to a series of retaliatory measures Japan has taken over a row surrounding wartime force
DefenseAug. 5, 2019
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Korean won sharply down vs dollar amid increased uncertainty
The South Korean won traded at a three-year low against the US dollar on Monday on concerns that the escalating trade row between the United States and China, and more recently South Korea's own conflict with Japan, could further cast a pall on its economy. The won was changing hands at 1,212.30 to the greenback as of 10:56 a.m., down 14.3 won from the previous session's close, after easily breaching the psychologically significant level of 1,200 won.After opening at 1,203.60, the local currency
EconomyAug. 5, 2019
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Pro-democracy push causes transport chaos in Hong Kong
HONG KONG (AFP) -- Peak-hour morning train travel and international flights in Hong Kong were thrown into chaos on Monday as pro-democracy protesters launched an attempted city-wide strike to ramp up pressure on the financial hub's embattled leaders. Activists descended on key subway stations during the morning rush hour, deliberately keeping open doors to stop trains departing, causing long queues and triggering occasional scuffles between angry commuters and protesters. More than 100 flights a
World NewsAug. 5, 2019