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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Jon Favreau takes on virtual reality with ‘Gnomes & Goblins’
LOS ANGELES (AP) - Jon Favreau has brought talking animals and smart-alecky superheroes to the big screen. For his next project, he‘s luring miniature goblins into virtual reality to become one of the first major filmmakers to create an original work using VR. The filmmaker, who worked on promotional VR tie-ins to his recent live-action adaptation of “The Jungle Book,” is collaborating with VR studios Wevr and Reality One on “Gnomes & Goblins,” an interactive series based on an original Favrea
FilmSept. 4, 2016
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Park, Putin united against NK nuke
South Korea and Russia, during a bilateral summit over the weekend, reconfirmed their shared disapproval of North Korea’s nuclear armament and vowed for “strategic communication” to deal with the issue.But while President Park Geun-hye alluded to the necessity of an advanced US antimissile system here, her Russian counterpart Vladimir Putin sidestepped the issue which has recently been causing tension in the Northeast Asian region.President Park Geun-hye and Russian counterpark Vladimir Putin sh
PoliticsSept. 4, 2016
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Maestro Chung appointed Tokyo Phil honorary music director
Maestro Chung Myung-whun (Yonhap)Esteemed South Korean conductor Chung Myung-whun, the former Seoul Philharmonic Orchestra music director, has been appointed the honorary music director of Japan’s oldest classical orchestra, the Tokyo Philharmonic Orchestra. Chung officially took rein as honorary music director of the Tokyo Phil beginning Sept. 1, following a longtime relationship with the orchestra, He worked with the ensemble as a special artistic advisor from 2001 to the 2009/10 season, and
PerformanceSept. 4, 2016
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[Editorial] MOUs with Russia
Russian President Vladimir Putin has said that South Korea is one of Russia’s outstanding partners in the Asia-Pacific region. He acknowledged the direction of comprehensive economic cooperation between the two countries right after his summit with President Park Geun-hye on Saturday.The statement on future economic partnership comes after Seoul and Moscow reiterated their concerted efforts against North Korea’s nuclear development program.Though the two leaders have not clarified whether the tw
EditorialSept. 4, 2016
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[Editorial] Signals were enough
Earlier this year, global investment banks predicted that the US Federal Reserve would raise its base rate two to three times out of the eight scheduled meetings of the Fed’s Federal Open Market Committee in 2016.Their projections were based on the hawkish monetary stance of the Fed with the possibility of hikes significantly affecting the global capital market -- particularly emerging economies involving South Korea.But the US central bank has yet to conduct a hike after it raised the rate in D
EditorialSept. 4, 2016
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[Noah Smith] Escaping the US middle income trap
In the age of colonialism, there were mainly two kinds of countries: empires that controlled their economic destinies and colonies, which were denied the chance to industrialize. After World War II and the end of colonialism, a different divide emerged -- many countries were trapped behind the Iron Curtain, held back by inefficient communist systems. Meanwhile, the capitalist countries -- some ex-colonizers like Europe and Japan and some ex-colonies like South Korea and Taiwan -- zoomed ahead, w
ViewpointsSept. 4, 2016
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[Aryeh Neier] Duterte’s reign of terror
Since Philippine President Rodrigo Duterte took office in late June and declared a “war on drugs,” more than 1,900 people have been killed -- 756 by police officers and another 1,160 by “vigilantes,” according to police reports as of Aug. 24. Duterte is celebrating the killings and has vowed to continue his anti-drug program so long as he remains president.The Philippine law enforcement agencies prosecuting the drug war have thrown out the rulebook and ignored fundamental requirements such as co
ViewpointsSept. 4, 2016
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[Jean Pisani-Ferry] Brexit and the future of Europe
No one yet knows when the United Kingdom will present an agenda for negotiating its withdrawal from the European Union. But it is already clear that Brexit will reshape the map of Europe. And, especially given Britain’s stunning unpreparedness for the consequences of its own decision -- its strategy, priorities and even its time table remain uncertain -- that means the EU must start figuring out how to make the best of it. Here’s how.Let’s start with the only certainties: The Brexit negotiations
ViewpointsSept. 4, 2016
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[David Ignatius] Rice follows Kissinger’s playbook
Susan Rice is the latest national security adviser to inherit the framework of Sino-American relations that was created in 1972 by Henry Kissinger: The Chinese ever since have wanted to deal directly and discreetly with the White House as they pursue a relationship that’s somewhere between cooperation and confrontation.Rice will be channeling Kissinger when she travels with President Barack Obama this weekend for the G-20 summit in Hangzhou. And as she makes her last major trip to China for this
ViewpointsSept. 4, 2016
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US needs tax reform to stop firms keeping cash abroad
The United States doesn‘t have a lot of standing to criticize Europeans for cracking down on Apple’s tax shenanigans in Ireland.If anything, the European Commission’s finding that Apple owes more than $14 billion in taxes should push the US to fix its own tax policies, under which its biggest companies stash most of their cash overseas to avoid domestic taxes.As highlighted by the presidential election, globalization and its negative effects on the US are a concern across party lines. Lack of fu
ViewpointsSept. 4, 2016
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Subway maintenance worker dies during repairs
Another subway maintenance worker died in an accident over the weekend while repairing subway facilities, rekindling concerns regarding the safety management of subway operator Seoul Metro.According to Gwangjin Fire Station, 28-year-old employee surnamed Park fell down below the railroad bridge during maintenance operations near subway line No. 2 Seongsu Station at 1:12 p.m. on Saturday. The accident was reported to the rescue center immediately, but Park was found dead in the waters below the b
Social AffairsSept. 4, 2016
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BOK expected to freeze rate in Sept. on slimmer chance of US hike
Market expectations on a rate freeze by the Bank of Korea in its September meeting are gaining ground here as the chances for the Federal Reserve to raise its fund rate have been slashed due to a poorer-than-expected US jobless report. More and more analysts are betting that the Korean central bank would keep the benchmark borrowing rate at the current 1.25 percent at its Sept. 9 monetary policy meeting, shifting away from their previous forecasts of a rate increase. The previous rate cut to i
BusinessSept. 4, 2016
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NH joins hands with US M&A advisory firm to boost global competitiveness
NH joins hands with US M&A advisory firm to boost global competitiveness By Song Su-hyun NH Investment & Securities, the second-largest securities brokerage firm in Korea, will join hands with Evercore Partners, a leading independent mergers and acquisitions advisory firm, to boost its global competitiveness. The two companies said Wednesday that they signed a strategic alliance agreement to work together on cross-border investments of businesses at home and abroad, providing them with one-stop
Sept. 4, 2016
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Korea mulls additional steps to minimize Hanjin fallout
The South Korean government will consider expanding the number of ports of call across the globe for national vessels as part of measures to minimize the impact of Hanjin Shipping’s court receivership on the country’s exports. According to the Ministry of Oceans and Fisheries on Sunday, senior officials from nine economic-related ministries discussed additional measures to deal with the possible impact of the fallout of the country’s largest shipper that applied for a court receivership last Wed
Sept. 4, 2016
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Mayor Yang aims to turn Gwangmyeong into logistics hub
Gwangmyeong in western Gyeonggi Province was little more than a small commuter town before Mayor Yang Ki-dae took office in 2010. Six years later, Gwangmyeong has grown into a major city with a population of about 350,000.Now, the mayor aims to turn the city into a global logistics hub. “I am going to walk into an uncharted road to make the dream of a second take-off come true,” Mayor Yang said. As part of such a project, Gwangmyeong inked an agreement in June with Hunchun City, northeast of Chi
Sept. 4, 2016
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Korea Productivity Center’s 2017 brand forecast
In the automobile industry, consumers saw a wider range of new products integrated with innovative concepts and technology in 2016, resulting in an increase in the Korea Productivity Center’s brand awareness index by one to three points. Hyundai Motor ranked at the top for the all six auto segments. However, other brands are closely chasing after Hyundai in large vehicle and SUV sectors. (Yonhap)It is expected that the gap between Hyundai and its competitors will get shorter as the industry move
IndustrySept. 4, 2016
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Ahn lashes out at Park’s SME policy at IFA
BERLIN -- The People’s Party’s former Chairman Rep. Ahn Cheol-soo on Saturday criticized President Park Geun-hye’s policy on small and medium-sized companies in South Korea during a rare visit to the annual IFA trade show.Describing the business-to-business environment in Korea as a “zoo,” Ahn said many Korean small and medium-sized enterprises have had limited opportunities to grow as they were forced to make an exclusive contract with one conglomerate, blocking them from supplying products to
TechnologySept. 4, 2016