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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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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[Herald Interview] US election may unleash growth for Korea: Laffer
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Evicted guest burns down inn; 3 killed
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Doctors defend colleague accused of blacklisting non-strikers
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Park to host luncheon with South Korean Olympic athletes
President Park Geun-hye will host a luncheon Thursday for South Korean athletes who participated in the Rio de Janeiro Olympics to express her appreciation for their hard work during the quadrennial event, her office Cheong Wa Dae said.The gathering at the presidential office will bring together some 310 athletes and sports officials, including Olympic golf champion Park In-bee, gold medalist shooter Jin Jong-oh and rhythmic gymnast Son Yeon-jae.The list of the participants also includes Culture
PoliticsAug. 25, 2016
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Unionized workers of Hyundai Motor set to vote on wage hike deal
Tens of thousands of unionized workers at South Korea's top automaker Hyundai Motor Co. will decide this week whether to accept a tentative agreement on their wage increase in a vote, union leaders said Thursday, which may decide the fate of the company as well.The vote will be held Friday, two days after company management and union leaders reached the tentative deal.Under the proposed agreement, Hyundai Motor workers will have their base monthly pay raised by 58,000 won ($51.70), and receive 3
IndustryAug. 25, 2016
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Korea, Hawaii sign pact to mutually recognize driver's licenses
South Korea and Hawaii have signed a pact to recognize the validity of noncommercial driver's licenses issued by each other, the foreign ministry said Thursday. Under the agreement, which went into force Wednesday in the US state after being signed, holders of driver's licenses issued by their own authorities are eligible for a driving permit in the counterpart region without additional training or tests, ministry officials said. (Ministry of Foreign Affairs)Hawaii, home to 4,631 South Koreans
Foreign AffairsAug. 25, 2016
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Tiremakers stingy with price cuts despite plunging costs
South Korea's three tiremakers have been reluctant to conduct big price cuts despite a recent tumble in the cost of rubber and other raw materials, data showed Thursday.The tire companies -- industry leader Hankook Tire Co., No. 2 Kumho Tire Co. and Nexen Tire Corp. -- reduced their tire prices by 0.9 percent to 2.5 percent in 2015 from the previous year, according to the companies' 2015 business reports. The prices of their tires ranged from 50,000 won ($44.60) to 70,000 won last year.In contra
IndustryAug. 25, 2016
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Korean shares open lower on oil price woes
South Korean shares opened slightly lower Thursday as investors became wary of recent dips in global oil prices.The benchmark Korea Composite Stock Price Index lost 4.45 points, or 0.22 percent, to 2,039.31 in the first 15 minutes of trading.The decline also followed overnight losses on Wall Street.The Dow Jones industrial average slipped 0.35 percent to close at 18,481.48, with the tech-heavy Nasdaq plunging 0.81 percent to 5,217.69.Investors were apparently spooked by an earlier report that US
Aug. 25, 2016
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PM renews calls for prompt passage of extra budget
Prime Minister Hwang Kyo-ahn on Thursday renewed his calls for a prompt passage of the government's extra budget plan, stressing that a further delay would complicate efforts to create jobs and reinvigorate the regional economy.Earlier this month, ruling and opposition parties agreed to put an 11 trillion-won ($9.82 billion) extra budget bill to a vote on Monday. But they failed to meet the timeline amid differences over the selection of witnesses for parliamentary hearings on the restructuring
Aug. 25, 2016
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Shares of firms with higher foreign ownership gain more
South Korea's listed companies with increased foreign ownership saw their share prices climb relatively more than their peers this month, data showed Thursday.According to the data by Daishin Securities Co., the top 20 issues in terms of foreign ownership gains reported an average return rate of 6.32 percent in the first 23 days of August.The yield rate dwarfed the comparable 1.67 percent for the entire main KOSPI market. Out of the 20 companies, 15 saw their share prices gain ground.Electronic
Aug. 25, 2016
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NK leader calls SLBM launch success, boasts of nuke
North Korean leader Kim Jong-un has called the North's launch of a ballistic missile from a submarine "the greatest success," saying his country has full capability to carry out nuclear attacks, Pyongyang's state media said Thursday.The North's leader observed the launch of the submarine-launched ballistic missile Wednesday, saying it was "the greatest success and victory," according to the official Korean Central News Agency.Kim said the results of the test-fire showed North Korea "joined the f
North KoreaAug. 25, 2016