Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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1 in 5 households to have breadwinner over 80 in 30 years
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Assembly to review disputed appointment of national soccer team coach
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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Evicted guest burns down inn; 3 killed
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Herald Interview] US election may unleash growth for Korea: Laffer
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BOK to use automated data collection for economic forecasts
The Bank of Korea will use an automated system to collect, save and update raw data on exports, imports, output and other economic indicators to help it better project how the nation's economy would perform in coming months, a bank official said Monday. So far, BOK officials have put raw data into the bank's database by hand. A computer-assisted data collection system is expected to help the BOK save time in collecting and saving data. On Monday, the BOK opened a bid to select a company to devis
Sept. 5, 2016
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Park, Xi reconfirm differences over THAAD
President Park Geun-hye and her Chinese counterpart Xi Jinping on Monday reconfirmed their differences over the planned deployment of a US anti-missile system to South Korea, but agreed to strengthen their "strategic communication," Park's office Cheong Wa Dae said.During the summit on the sidelines of an economic forum in China's eastern city of Hangzhou, Park repeated that the need for a Terminal High-Altitude Area Defense system on the Korean Peninsula will disappear if North Korea's nuclear
Foreign AffairsSept. 5, 2016
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Recall of Note 7 may cut Samsung's H2 operating profit by 820 bln won
The mass recall of the Galaxy Note 7 smartphones over faulty batteries is expected to cut Samsung Electronics Co.'s second-half operating profit by about 820 billion won ($738.2 million), an analyst said Monday. Samsung announced a global recall of the Note 7 smartphones on Friday after some of their batteries caught fire while being charged. Samsung also decided to replace all Note 7 smartphones sold to customers with new ones.Hwang Min-sung, the analyst at Samsung Securities, said he expects t
TechnologySept. 5, 2016
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Anti-graft law to affect 40,919 organizations
South Korea's anti-corruption commission said Monday the anti-graft law that will go into effect in late September will affect 40,919 organizations, signaling massive changes in gift-exchanging traditions throughout the country.The Kim Young-ran anti-graft law, aims to bring more transparency to workers in certain sectors who should maintain higher ethical standards than ordinary citizens. The Constitutional Court also gave a nod to the law that will be enforced starting on Sept. 28.Under the po
Sept. 5, 2016
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Korea's clean energy exports on rise
South Korea's exports of clean, renewable energy products have sharply increased from a year earlier in the first seven months of the year, the trade ministry said Monday, indicating improving competitiveness of South Korean products.Outbound shipments of solar panels and other related equipment came to $2.01 billion in the January-July period, jumping 46.7 percent from the same period last year, according to the Ministry of Trade, Industry and Energy.Exports of energy storage systems have also
IndustrySept. 5, 2016
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Foundation to launch registration for Japanese sexual enslavement victims
The newly launched foundation for South Korean victims of Japanese sexual enslavement on Monday said it will start the process necessary to recover the damages of the victims as quickly as possible with the arrival of the 1 billion-yen ($9.61 million) fund from Tokyo.The Seoul-based Reconciliation and Healing Foundation agreed during a board meeting Friday to hold a two-pronged operation of collecting opinions from the victims and their families, and issuing notices on media outlets about the re
Social AffairsSept. 5, 2016
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Taxes on pension funds increase as baby boom generation goes into retirement
Taxes collected from pension funds have increased 25-fold over the past five years, an indication that the people of the baby boom generation have started to retire in large numbers, tax authorities said Monday.The baby boom generation accounts for approximately 14 percent of South Korea's population and refers to people born between 1955 and 1963. Those born in 1955 are likely to have retired over the past four to five years as they turned 57, the average retirement age. Within the generation,
Sept. 5, 2016
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NK condemns Korean law on Pyongyang's human rights
North Korea's propaganda websites on Monday condemned South Korea for implementing a new law aimed at improving Pyongyang's dismal human rights record.The North's propaganda website Uriminjokkiri said that South Korea is not entitled to take issue with North Korea's human rights situation, saying that the implementation of the law is a "sinister" move to undermine Pyongyang's dignity.The South Korean law on North Korea's human rights went into effect on Sunday, allowing the government to establi
North KoreaSept. 5, 2016
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Park, Xi hold summit amid THAAD row
President Park Geun-hye and her Chinese counterpart Xi Jinping held a summit in Hangzhou, China, on Monday amid strains in their relations over the planned deployment of a US antimissile system in South Korea.The bilateral talks, the eighth between Park and Xi, were held on the sidelines of the summit of the Group of 20 advanced and emerging economies in China's eastern lakeside city.The issue related to the stationing of the Terminal High Altitude Area Defense system on the Korean Peninsula has
Foreign AffairsSept. 5, 2016
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Processed meat market grows as eating habits change
Growing preference for meat dishes and quick foods has increased demands for processed meat products, industry data showed Monday.The market for canned meat products, such as ham and sausage, reached nearly 1.24 trillion won ($1.11 billion) last year, a 12.4 percent expansion from 2013, according to tallies from the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corp.Sales grew 6.6 percent to 349.5 billion won in the first quarter of this year alone, co
IndustrySept. 5, 2016
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Korea looking for 2nd straight World Cup qualifying victory vs. Syria
South Korea will try to get their second straight win in the final World Cup qualifying campaign as they face "homeless" Syria on the road.South Korea, ranked 48th in the latest FIFA world rankings, will take on No. 105 Syria at Paroi Stadium in Seremban, Malaysia, on Tuesday for their second match in the final Asian qualifying round for the 2018 FIFA World Cup. Syria are the match hosts, but they can't stage World Cup qualifiers in their country due to the ongoing civil war.South Korea and Syri
SoccerSept. 5, 2016