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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Agricultural and fisheries ministries to request review of anti-graft law
[THE INVESTOR] South Korea’s two ministries overlooking agriculture and fisheries on July 28 said they would request the Ministry of Government Legislation’s policy coordination committee to make adjustments to the anti-graft law that will be implemented in September.The Ministry of Agriculture, Food and Rural Affairs and the Ministry of Oceans and Fisheries announced their decision shortly after the Constitutional Court ruled the refuted clauses of the law -- also known as the Kim Young-ran law
July 28, 2016
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Asian students discuss future of SMEs at KAIST
Linking with overseas institutions to allow students to cultivate a global outlook and network with business leaders is a growing trend at universities here.KAIST College of Business runs the China-Korea-Japan Field Study Program involving three institutes: China’s Tsinghua University, Korea’s KAIST and Japan’s Keio University.This year, it invited some 40 Master of Business Administration students from the three universities to Korea from July 8-16 for them to conduct joint research on Korea’s
Social AffairsJuly 28, 2016
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Severe heat wave grips Korea
The unusual heat wave that started last week will drag on till mid-September, the Korea Meteorological Agency said Thursday. The KMA said the daytime high across the nation is expected to soar over the weekend and reach at least 35 degrees Celsius. The daytime high in Seoul hit 30 degrees Celsius as of Thursday afternoon.While monsoon rain is likely to descend on the Southern part of the peninsula, humidity will also be high, as well as the discomfort index, weather forecasters warned. A hippopo
Social AffairsJuly 28, 2016
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[Herald Interview] Korea Post to invest more in foreign, alternative assets
Calling low growth and low interest rates “the new normal” for Korea, the head of Korea Post, Korea’s second-largest investor that manages 108 trillion won ($96 billion), said it will direct more money into overseas bonds and alternative assets, going forward. “Our main focus remains the same -- a big chunk of our holdings will continue to be in safe assets, such as government notes, which we will hold to their maturity,” Kim Kee-deok said in an interview last week with The Korea Herald. Kim Kee
July 28, 2016
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Women take up only 2.3% of top positions at conglomerates
Women only accounted for 2.3 percent of all high-ranking executives at South Korea’s 100 major conglomerates last year, while more than half of the firms did not have any women in top leadership positions, a government report showed on Thursday.The report, compiled by the Gender Ministry, analyzed the nation’s top 100 companies with the biggest sales as of last year. Only 165 women were working in the top leadership positions including executives and board members.(123rf)By company, Citibank Kor
Social AffairsJuly 28, 2016
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[REPORTER’S COLUMN] Moral compass of modern-day 'royal kids'
Among the many things weighing on senior presidential secretary Woo Byung-woo is public criticism against his son and the benefits he seemingly enjoyed. This, in fact, has nearly overshadowed other allegations that include a dubious real estate deal, connection with a scandal-ridden prosecutor, tax evasion and other possible irregularities.There has been an outpouring of news reports on the junior Woo and his alleged privileges that suggest his father’s suspected influence-peddling. But the late
PoliticsJuly 28, 2016
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[NEWSMAKER] Protests mar 'comfort women' fund launch
Korea launched a 1 billion yen ($9.55 million) fund on Thursday for the victims of Japan’s sexual slavery during World War II despite unabated protests from some survivors and civic groups. The Foundation for Reconciliation and Healing held its inauguration ceremony and first meeting of the board of directors at its secretariat in downtown Seoul. Kim Tae-hyeon, professor emeritus in social welfare studies at Sungshin Women’s University, exits the event as one of the protesters threw a capsaicin
Foreign AffairsJuly 28, 2016
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Despite profit surge, gloomy outlook for SK Telecom
[THE INVESTOR] SK Telecom, the nation’s largest telecom carrier, on July 28 posted its second-quarter operating profit of 478.2 billion won (US$425 million), a 20.73 percent surge from a year ago. Revenue was also up 11.25 percent to 3.92 trillion won. But the upbeat results included huge cost cuts following an earlier retirement program during the cited period. Industry watchers estimate about 9.04 percent on-year decline in its operating profit. In a saturated telecom market, the company with
TechnologyJuly 28, 2016
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LG Electronics’ Q2 operating profit jumps 140%
[THE INVESTOR] LG Electronics saw its operating income soar nearly 140 percent on-year to 584.6 billion won (US$519.7 million) in the April-June period on the back of strong sales of home appliances and air-conditioning systems, the company said in its earnings report on July 28.The company’s revenue came in at 14 trillion won, up 0.6 percent from a year earlier. LG Electronics’ R&D center in Seocho, Seoul / LG ElectronicsLG’s home appliance & air solution unit and home entertainment unit -- t
TechnologyJuly 28, 2016
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N. Korea behind latest online mall hacking: police
South Korean police said Thursday that North Korea was behind the latest hacking of a leading online shopping mall, which led to the leak of personal information of some 10 million customers.The remark came after police conducted a detailed probe into the server of Interpark Corp., after an unidentified entity broke into it and stole customer-related information in May.Police said the Internet Protocol addresses used by the hackers were identical to those used by North Korean hackers in previous
North KoreaJuly 28, 2016
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[Editorial] Working from home
The government’s campaign to raise the nation’s low fertility rate is not working, based on data for May released by Statistics Korea. During the six months since December, the number of newborns fell each month compared to a year ago. In May, 34,400 babies were born, a drop of 5.8 percent from a year earlier. Other months saw a similar decline. The Ministry of Health and Welfare estimates that Korea’s fertility rate in the first half of the year would remain below 1.2.The data suggests that th
EditorialJuly 28, 2016
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[Editorial] Domestic tourism
More Koreans are traveling abroad despite the economic slowdown and a spate of terrorist attacks worldwide. The number of Koreans who went overseas in the first half of the year reached 10.6 million, up 16.2 percent from a year ago, according to the Korean Tourism Organization. Travel agencies expect a much steeper increase in outbound tourists during the summer holiday season, which is expected to last until the Sept. 14-16 Chuseok holiday this year.On July 24, Incheon International Airport set
EditorialJuly 28, 2016
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[David Ignatius] Is Venezuela the Fidelistas’ last stand?
WASHINGTON -- In a bizarre turn of fate, the diehard supporters of Fidel Castro’s left-wing ideology seem to be fighting their last battle in Venezuela, as the frustrated, hungry population there pushes for democracy and change.The political stalemate in Venezuela continued this week as the National Election Council, under pressure from the leftist government, failed to meet a Tuesday deadline to act on an opposition demand for a recall referendum this year that could replace President Nicolas M
ViewpointsJuly 28, 2016
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[Faith Bautista & Jeff Nino Lim] Bloodless victory possible in South China Sea
Since Spain conquered the Philippines 495 years ago, this country’s destiny has too often been determined by great foreign powers. However, former President Benigno Aquino III’s suit at the Permanent Court of Arbitration in The Hague in 2013 concerning the South China Sea has set the stage for President Rodrigo Duterte to develop a long-term peaceful solution to the claims of not just the Philippines and China but also of others.Many in the United States, recognizing China’s precarious legal po
ViewpointsJuly 28, 2016
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[Chon Shi-yong] Mayor Park preparing for flight
Seoul Mayor Park Won-soon is a strong potential presidential candidate for the liberal camp, but he has neither confirmed nor denied his presidential ambitions. The mayor maintained this position during a meeting with senior journalists Thursday. He skillfully dodged questions about when he would throw his hat into the ring and whether he will serve out his term that is set to last more than two more years. At one point, he quipped that he had been the mayor of Seoul for nearly five years and th
ViewpointsJuly 28, 2016