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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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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Evicted guest burns down inn; 3 killed
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Foreigner investors keep buying Korean stocks, but analysts say the streak may be temporary
Offshore investors have been on a buying streak for Korean stocks, sending their market cap ratio in the main local bourse to a 14-month high, the Korea Exchange said Thursday, but analysts were divided on whether the rally will continue.Shares held by foreign investors as of Tuesday accounted for 33.61 percent of the total market cap for KOSPI, the highest since 33.62 percent reached on May 18 last year. The buying streak has continued since June 29 except for a single day on July 6, with a tot
July 21, 2016
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National museums in Seoul to open year-round
National museums in Seoul will open their doors year-round starting in late September, the Ministry of Culture, Sports and Tourism has said.The extended opening aims to enhance people's rights to enjoy culture and provide foreign tourists with more chances to visit the museums, the ministry said Wednesday.The plan will affect five facilities -- the National Museum of Korea, the National Museum of Korean Contemporary History, the National Hangeul Museum, the Seoul branch of the National Museum of
EntertainmentJuly 21, 2016
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Tongyeong to play host to classical autumn series
Following the annual Tongyeong International Music Festival’s homage to the “Sounds of Tomorrow” in March, the city of Tongyeong is gearing up for the autumn concert series starting in September. From Sept. 4, the Tongyeong Concert Hall will play host to nine concerts by both local and international musicians until October. Opening the curtain for this year’s autumn musical festivities is the local Novous Quartet, featuring Son Yeol-eum on the piano. The acclaimed ensemble is slated to perform S
PerformanceJuly 21, 2016
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Park to convene NSC session over N.K. provocations
President Park Geun-hye will convene a session of the National Security Council on Thursday to check South Korea's security posture following North Korea's missile provocations earlier this week, her office Cheong Wa Dae said."The president will preside over the NSC meeting to check the security situation vis-a-vis North Korea's recent provocations and threats, including the ballistic missile launches (this week)," presidential spokesman Jung Youn-kuk told reporters. President Park Geun-hye spea
DefenseJuly 21, 2016
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Constitutional Court upholds smoking ban at all restaurants
The Constitutional Court for the fourth time ruled that a smoking ban at all restaurants is constitutional, court and health officials said Thursday, rejecting arguments that it violates individuals' rights to property and the pursuit of happiness.Officials said the nine judges unanimously agreed that the smoking ban at restaurants, in place since Jan. 1, 2015, does not violate the Constitution.The complainant, a restaurant owner whose identity was withheld except for his last name Im, had file
Social AffairsJuly 21, 2016
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Baseball pitcher indicted in match-fixing scandal
A Korean baseball pitcher has been indicted on charges of engaging in match-fixing schemes.Prosecutors in Changwon, South Gyeongsang Province, some 400 kilometers southeast of Seoul, said Thursday that Lee Tae-yang, pitcher for the NC Dinos in the Korea Baseball Organization, has been indicted without physical detention for allegedly fixing games. Another baseball player, outfielder Moon Woo-ram, has also come under investigation for similar charges, but his case has been handed over to the mili
BaseballJuly 21, 2016
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Seoul stocks open higher on U.S. gains
Korean shares started higher Thursday taking a cue from overnight gains in Wall Street.The benchmark Korea Composite Stock Price Index gained 2.17 points, or 0.11 percent, to 2,017.63 in the first 15 minutes of trading.Fueled by positive earnings reports, the Dow Jones industrial average hit a record high on Wednesday.Most large caps traded mixed with market kingpin Samsung Electronics rising 0.13 percent.Top automaker Hyundai Motor rose 0.39 percent, and top steelmaker POSCO also gained 0.23 pe
July 21, 2016
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'Train to Busan' fetches record opening
"Train to Busan," one of the most anticipated films of this summer, has set a new record opening for all movies ever screened in the country, data showed Thursday.The apocalyptic zombie thriller drew an audience of 858,659 on Wednesday, taking 82.3 percent of all ticket sales, according to the computerized box-office figures from the Korean Film Council. (Yonhap)The previous record was 727,901 set by "Captain America: Civil War" in April, which surpassed the 2014 Korean film "Roaring Currents."
FilmJuly 21, 2016
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Tax revision to focus on job creation: finance minister
Korea's finance ministry on Thursday said revisions to taxes set to take effect in 2017 will focus on revitalizing the national economy and creating more jobs."The decision by Britain to exit the European Union has sparked uncertainties at home and abroad," Finance Minister Yoo Il-ho said during a meeting with the ruling Saenuri Party. "Accordingly, future tax-related changes will aim to beef up the economy and stabilize the lives of the people."The country's top economic policymaker added he wi
July 21, 2016
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Korea's air traffic reaches record high in H1
Korea's air traffic surged to a record high in the first six months of the year on a sharp increase in international flights to and from the country, the government said Thursday.The country's overall air traffic came to 358,195 flights in the January-June period, up 8.1 percent from the same period last year, according to the Ministry of Land, Infrastructure and Transport.The rise was largely attributed to a steep increase in the number of international flights to and from Korea, along with tho
Social AffairsJuly 21, 2016
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Rangers' Choo Shin-soo headed to DL for 3rd time in '16
The Texas Rangers' Korean outfielder Choo Shin-soo is headed to the disabled list for the third time this season.The Rangers placed Choo on the 15-day DL on Wednesday (local time) with inflammation in his lower back. The club said he had an anti-inflammatory injection and is expected to miss up to 14 days.Choo was out from April 9 to May 19 with a right calf injury.He played one game and then went back on the DL with a left hamstring injury, missing action from May 21 to June 12.He had missed th
BaseballJuly 21, 2016
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Cardinals' Oh Seung-hwan earns 3rd save of season
Oh Seung-hwan of the St. Louis Cardinals picked up two saves in one day with two perfect innings of work.The Korean reliever shut down the San Diego Padres in both games of the doubleheader at Busch Stadium in St. Louis on Wednesday (local time). The right-hander became the first Cardinals pitcher since Jason Isringhausen in August 2004 to save two games in one day. (Yonhap)Oh, a former star closer in South Korea and Japan, is now 4-for-4 in save opportunities since taking over from struggling f
BaseballJuly 21, 2016
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Jack Nicklaus Golf Club Korea to host LPGA's int'l match play competition in 2018
Jack Nicklaus Golf Club in Korea, lying just west of the nation's capital, will host the LPGA's international match play competition in 2018.The third edition of the biennial International Crown will be the first to be played outside the United States. The LPGA Tour made the announcement at Merit Club in Gurnee, Illinois, the site of this year's International Crown, on Wednesday (local time).Jack Nicklaus Golf Club Korea, located in Incheon, west of Seoul, also hosted the 2015 Presidents Cup, a
GolfJuly 21, 2016
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U.S. lawmaker says THAAD poses no danger, wants one 'in my backyard'
A U.S. House lawmaker said Wednesday he would like a THAAD missile defense battery "in my backyard" as the system provides excellent protection for his children from oncoming nuclear missiles while posing no danger to humans and the environment.Rep. Trent Franks (R-AZ) made the remark in a meeting with Korean reporters, seeking to dispel concern widespread in Korea about the safety of the missile defense system in the wake of a joint decision by Seoul and Washington to place a THAAD battery in t
WorldJuly 21, 2016
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External construction complete for new submarine assembly hall in N. Korea: 38 North
External construction of a submarine assembly hall at North Korea's main submarine port is now complete in a project that would enable Pyongyang to build much larger ballistic missile submarines, a U.S. monitoring website said Wednesday.The website 38 North, dedicated to monitoring and analyzing the communist nation, released the assessment based on satellite imagery of the North's Shinpo Shipyard, the homeport of North Korea's Gorae-class ballistic missile submarine program.The imagery was take
North KoreaJuly 21, 2016
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Trump wants to 'reevaluate' trade, defense agreements to ensure they're 'win-win' deals: aide
Republican presidential nominee Donald Trump wants to reevaluate free trade and defense agreements to ensure they are balanced 'win-win' deals and reflect changes since the deals were signed, an adviser to the nominee said.Joseph Schmitz, a foreign policy and national security adviser to Trump, made the remark during a Foreign Press Center briefing on the sidelines of the Republican National Convention in Cleveland, Ohio, where Trump was officially named the Republican nominee for the November e
WorldJuly 21, 2016
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U.S. Defense Department brushes off N. Korea's threat
The U.S. Defense Department on Wednesday brushed off North Korea's threat that its latest missile launches were part of an exercise to preemptively strike American troops in South Korea, urging Pyongyang to refrain from raising tensions.The North fired two short-range Scuds and one Rodong missile into the East Sea on Tuesday in the latest in a series of banned ballistic missile launches, a show of force seen as designed to show it can strike the U.S. THAAD missile defense system to be deployed i
North KoreaJuly 21, 2016
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Coway’s search for new owner backfires
[THE INVESTOR] Coway, Korea’s top water purifier rental service firm, is facing setbacks in its search for a new owner as its stock price continues to fall amid concerns about its products containing toxic chemicals. The share price closed at 90,100 won (US$78) on July 20, which compares to 107,500 won on July 1 before nickel was detected in some of its products. Fueling public anger, the company was found to have hid the fact over the past year without informing customers. The company apologize
IndustryJuly 21, 2016
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Hanwha Defense aims for W2.3tr turnover by 2025
[THE INVESTOR] Hanwha Defense Systems aims to increase its turnover more than four times to 2.3 trillion won (US$2.01 billion) in 10 years, the company announced on July 20. At a ceremony held in Changwon, South Gyeongsang Province, the firm stated a new vision of becoming a global defense industry leader that provides dependable total defense solution. Hanwha Defense states a new visionThis is the first initiative made public since the former Doosan Defense Systems & Technology was taken over b
IndustryJuly 21, 2016