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 Interview] US election may unleash growth for Korea: Laffer
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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[Monitor] N. Korea’s economy shrinks 1.1%
North Korea’s economy is estimated to have contracted 1.1 percent last year on negative growth in most industries, South Korea’s central bank said. This is the first negative growth seen by the communist country since 2010.
July 25, 2016
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Net overseas sales of Orion’s Choco Pie top W4tr
South Korean snack maker Orion said Monday that the cumulative overseas sales of its signature chocolate-covered biscuit brand “Choco Pie” has surpassed 4 trillion won ($3.5 billion) as of July. Boosted by its high popularity in China, Choco Pie’s global sales reached more than 200 billion won during the first half of this year, raising its cumulative overseas sales to 4.15 trillion won, Orion said.Orion’s flagship chocolate biscuit, first released in Korea in 1974, initially ventured abroad wit
IndustryJuly 25, 2016
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Warner, Marvel wow Comic-Con with blockbuster previews
SAN DIEGO (AFP) - Two of Hollywood’s biggest studios went head-to-head at the San Diego Comic-Con on Saturday in an epic battle to demonstrate which has the best upcoming superhero movies.Warner Brothers -- still smarting from the lukewarm reception to “Batman vs Superman: Dawn of Justice” -- presented a star-studded lineup ahead of Marvel’s showcase later in the day.Its first exclusive of the session was a sneak peek at “Wonder Woman,” which saw Gal Gadot’s Amazonian princess leaving her lush i
FilmJuly 25, 2016
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[Editorial] Wave of protectionism
Amid the rising tide of protectionism, a growing number of Korean companies are becoming the targets of protectionist measures in their major overseas markets, including the United States and China.Last week, the U.S. government took a series of harsh measures against Korean exporters. Notably, the Department of Commerce introduced high anti-dumping and countervailing duties on cold-rolled steel plates produced by POSCO and Hyundai Steel on Wednesday.The duties amounted to 64.7 percent for POSCO
EditorialJuly 25, 2016
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[Editorial] Extra budget
The National Assembly is set to begin deliberations on the government’s 11 trillion-won ($9.64 billion) supplementary budget bill.The extra budget is part of the government’s 28 trillion-won fiscal spending package aimed at propping up the faltering economy and easing the fallout from the ongoing restructuring of ailing industries, including shipbuilding.The government hopes that the parliament passes the bill by Aug. 12 so that it can begin spending the funds before September.Yet the deliberati
EditorialJuly 25, 2016
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Korea to select storage site for high-level nuclear wastes by 2028
South Korea's government said Monday that it will follow the due process of narrowing down different views to build a nuclear depository for high-level radioactive waste on its soil by 2028 in order to avoid a possible conflict over the issue.The government also decided to push to develop the pyroprocessing technology to recycle nuclear reactor wastes into fuel, officials at the relevant ministries said.The decisions were made at the sixth meeting of the Atomic Energy Commission presided over by
Social AffairsJuly 25, 2016
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Kumho chief pursues group rebuilding
Kumho Asiana Group chairman Park Sam-koo is seeking to bring his group back together by re-acquiring Kumho Buslines and Kumho Tire, which had been sold off in an effort to reduce their debt.According to Kumho Asiana Group on Monday, Park decided to rebuy the 100 percent stake in express bus operator Kumho Buslines that was sold to Germany-based private equity firm Consus KHB last year by Kumho Terminal for about 390 billion won. Kumho Asiana Group chairman Park Sam-kooThat transaction came just
IndustryJuly 25, 2016
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Newport Jazz Festival gets new vision with Christian McBride
Christian McBride is no stranger to the main stage at the Newport Jazz Festival and this year he will again be there as part of a trio with pianist Chick Corea and drummer Brian Blade. But he will also be turning his attention to a new role backstage as he takes over as artistic director from festival founder George Wein.The virtuoso bassist said Newport continues to be among the top festivals in the world, and he is approaching his new role with the adage “if it ain’t broke, don’t fix it.”Wein
PerformanceJuly 25, 2016
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[Herald Interview] Pop duo Tegan and Sara advocate LGBT rights
Though Tegan and Sara Quin of pop duo Tegan and Sara, identical twins and both openly gay, are prominent advocates for the LGBT movement, they’re also aware that “people in other countries don’t always understand.”“We try to be very sensitive to social and religious norms in other countries,” Tegan said at an interview before their first Korean performance at the Jisan Valley Rock Music & Arts Festival on July 22. The sisters have been vocal proponents of LGBT issues for the length of their musi
PerformanceJuly 25, 2016
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Japanese hybrid cars replacing German diesel vehicles in Korea
Japanese hybrid cars are eating into German diesel cars’ share in the Korea’s foreign car market, following a series of emissions and mileage scandals, according to market analysts. The combined sales of German brands -- BMW, Mercedes Benz, Audi and Volkswagen -- declined by 9 percent in the first half year-on-year, with their market share going down 4.6 percent to 64.2 percent, according to the Korea Automobile Importers & Distributors Association.The fall was mainly led by the sales decline of
MobilityJuly 25, 2016
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Korea clinches W1tr UAE nuclear reactor deal
Korea has reached a landmark deal with the United Arab Emirates to operate four nuclear reactors currently under construction in the Middle East country, officials said Monday. The state-run Korea Hydro & Nuclear Power said it made an operation support services agreement with the UAE Emirates Nuclear Energy Corp. over operating the four Advanced Power Reactor-1400 nuclear reactors at Barakah. KHNP president Cho Seok (right) and UAE ENEC CEO Mohamed Al Hammadi exchange gifts after reaching a nuc
IndustryJuly 25, 2016
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[Cass R. Sunstein] Appeals to fear don’t work in U.S. elections
Donald Trump last night offered a funhouse mirror version of one of the greatest speeches in American history: Franklin Delano Roosevelt’s first inaugural address, in 1933. In the midst of a genuine crisis, the Great Depression, FDR began by emphasizing his “firm belief that the only thing we have to fear is fear itself -- nameless, unreasoning, unjustified terror.”Trump sought to foster exactly that. For Trump, “America is a more dangerous environment for everyone than frankly I have ever seen
ViewpointsJuly 25, 2016
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Government to begin safety survey of dressers
A government agency responsible for setting safety standards for products sold in Korea said Sunday that it will begin surveying the dangers of dressers being sold in Korea following public outcry over dressers sold by multinational furniture maker Ikea.Ikea faced public fury when it was revealed that its Malm line of dressers were being sold in Korea despite being linked to the deaths of six young children abroad.The fatalities were caused when dressers that were not properly fastened to the wa
IndustryJuly 25, 2016
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[Robert J. Shiller] Global economy’s hesitation blues
Economic slowdowns can often be characterized as periods of hesitation. Consumers hesitate to buy a new house or car, thinking that the old house or car will do just fine for a while longer. Managers hesitate to expand their workforces, buy a new office building, or build a new factory, waiting for news that will make them stop worrying about committing to new ideas. Viewed from this perspective, how worried should we be about the effects of hesitation today?Hesitation is often like procrastinat
ViewpointsJuly 25, 2016
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In charged times, Kendrick Lamar subversive in subtlety
NEW YORK (AFP) - Kendrick Lamar wrote the unofficial anthem of the Black Lives Matter movement yet, in charged times, the rap star found he could be mellow while staying salient.Lamar, whose live schedule has been surprisingly sparse since he triumphed at the Grammy Awards in February, on Saturday headlined the inaugural Panorama festival, a New York expansion by promoters of Coachella in California.The hip-hop star has won acclaim for dramatic live performances. At the Grammys, he entered as a
PerformanceJuly 25, 2016
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Man blames Nexon for game addiction, crashes car into head office
A man crashed his car into the head office of game firm Nexon on Sunday at around 7 a.m., claiming the company had “ruined his life.” The impact of the car shattered the glass door of the office, but there were no casualties. (Online community)Gyeonggi Bundang Police said Monday that they are reviewing an arrest warrant for the 33-year-old Chinese national surnamed Lee. Lee is in Korea on a three-month visitor permit. The car he drove belonged to his older brother, who lives here.Lee admitted to
Social AffairsJuly 25, 2016
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[Shlomo Avineri] The strange death of Turkish secularism
The aftermath of Turkey’s failed military coup raises a fundamental question: Will President Recep Tayyip Erdogan continue to pursue his authoritarian path, perhaps with a vengeance, or will he reach out to his opponents and attempt to bridge the deep fissures in Turkish society?The jury is still out, but judging from previous historical examples, serious challenges to authoritarian or semi-authoritarian leaders usually lead to a hardening of the regime, not greater moderation. And Erdogan’s mov
ViewpointsJuly 25, 2016