Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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Seoul seeks to improve foreign nanny program after two abscond
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[Grace Kao] NewJeans fights Hybe for their survival
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Samsung, top banks to create W2tr green growth fund for SMEs
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
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[Herald Interview] Portraying a version of god for young people in 'Hadestown'
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22 men arrested five years after gang rape
Twenty-two men have been arrested or face investigation for the gang rape of two girls five years ago, the police said Tuesday. According to the Seoul Dobong Police, the men are accused of attacking two middle school students in September 2011, when they were high school students. (Yonhap)The accused reportedly discovered the underage victims drinking alcohol and threatened to report them to school authorities. According to police, a few days after the encounter, a group of 10 suspects summoned
Social AffairsJune 28, 2016
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N. Korean food supplements contaminated with heavy metal: sources
North Korea food supplements sold abroad are contaminated with excessive levels of heavy metals, a source familiar with the matter said Tuesday.The announcement comes as South Korean health authorities collected 13 types of food supplements that are currently being circulated abroad and found that of the samples of North Korean food supplements that 10 product types have beyond permitted levels of heavy metal substances such as mercury and lead, according to the insider who declined to be identi
North KoreaJune 28, 2016
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Asiana Airlines under fire for flying repaired jet
[THE INVESTOR] Asiana Airlines is under fire for allowing passengers to board a repaired jet that had caught fire earlier, local news reported on Tuesday. The Asiana Airlines flight OZ222 from John F. Kennedy International Airport in New York City to Seoul was preparing for takeoff in two hours when it caught fire at 11:30 a.m. on June 24 (local time). The air carrier immediately called the fire station to extinguish the flames. It investigated the cause and repaired the aircraft with officials
IndustryJune 28, 2016
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[Photo News] Liiv for smart banking
KB Kookmin Bank CEO Yoon Jong-kyoo (second from right) poses with members of K-pop girl group I.O.I to promote Liiv, a new mobile banking platform designed for everyday financial transactions launched Tuesday. (KB Bookmin Bank)
BusinessJune 28, 2016
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[H2 ECONOMIC POLICY] Gov’t to focus on boosting international trade in H2
[THE INVESTOR] The Korean government will introduce measures to improve trade conditions during the second half of the year, the Ministry of Strategy and Finance said on June 28.The ministry said that the government will actively respond to regional trade pacts such as the Trans-Pacific Partnership, and take steps to maximize the benefits of existing bilateral free trade agreements. The government will also draw up a US$25 billion support package to aid Korean firms win contracts in Iran, and ra
June 28, 2016
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[H2 ECONOMIC POLICY] Korea to lure Chinese universities
[THE INVESTOR] Korea will try to attract Chinese universities to establish branches in Incheon and other areas, the Ministry of Strategy and Finance revealed.The measure was included in the economic policies announced on June 28. In addition, the government will increase the number of Korean language exams held in China each year, and roll out other means to lower the barrier for Chinese students coming to Korean universities. At present, Korean language examinations are held twice a year in Chi
June 28, 2016
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[H2 ECONOMIC POLICY] South Korea‘s second-half economic policy road map
[THE INVESTOR] The following are some of the key economic policy measures planned for the second half of the year:General economic stimulus - Spend a total of 20 trillion won (US$16.9 billion), including 10 trillion won, in supplementary budget, to maintain the expansionary fiscal mode- Increase financial benefits to facilitate environment-friendly consumption and investment- Minimize the impact of corporate restructuring by supporting jobless workers and offering aid to provinces where companie
June 28, 2016
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[H2 ECONOMIC POLICY] President Park urges parliament to pass extra budget plan
[THE INVESTOR] President Park Geun-hye on June 28 urged the National Assembly to pass the government’s plan for an extra budget without delay, stressing it is aimed at supporting workers who could lose their jobs amid the restructuring of ailing shipping and shipbuilding industries.During a meeting with economy-related ministers, she stressed that given South Korea’s strong economic fundamentals and relatively small bilateral trade with Britain, the impact of Brexit would be “limited.”“To suppor
June 28, 2016
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[H2 ECONOMIC POLICY] 3 out of 4 economic experts says Korean economy deteriorated from a year ago
[THE INVESTOR] The majority of experts assess the Korean economy to have slipped since last year, and consider China’s slowdown as the most critical factor, a government survey showed on June 28. According to a survey that asked 338 experts, 75.4 percent said that the country’s economy has become worse this year compared to 2015. Regarding the biggest external risk the Korean economy is facing, 46.4 percent chose China’s slowdown, while 35.5 percent said that slowing global trade posed the bigge
June 28, 2016