Most Popular
-
1
Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
-
2
Host of Miss Korea apologizes for 'inappropriate question' about deepfake
-
3
Korea to face another massive shortfall in tax revenue
-
4
[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
-
5
SK hynix outpaces Samsung, Micron with more powerful AI chips
-
6
Power of nostalgia brings K-pop legends back together
-
7
[Photo news] Faker Mercedes
-
8
North Korea unveiling uranium enrichment site a US election-conscious move: NIS
-
9
Who's lying? Hybe vs. Min conflict continues to intensify
-
10
'Shaman says president will die,' caller warns
-
U.S., China open annual strategic talks amid tensions over S. China Sea
The United States and China on Monday opened annual high-level talks amid tensions over China's aggressive island-building activities in the South China Sea as well as trade disputes between the world's two largest economies. North Korea was also expected to be on the agenda for the two-day U.S.-China Strategic and Economic Dialogue (S&ED). The talks are the highest-level regular dialogue channel between the two countries. Representing the U.S. at the talks are Secretary of State John Kerry
InternationalJune 6, 2016
-
Park urges Pyongyang to give up nukes in memorial speech
President Park Geun-hye said Monday that South Korea will join forces with the international community to induce North Korea to give up its nuclear weapons development program and return to the negotiation table during a Memorial Day speech. "North Korea must realize that the international community will roll out tougher sanctions as the regime clings to the development of nuke and missiles," Park said, adding the country will eventually fall into further isolation and self-destruction. The
Diplomatic CircuitJune 6, 2016
-
Banks' exposure to 3 shipbuilders, 2 shippers jump 4.8 tln won
South Korean banks' loans to the country's three biggest shipbuilders and two major shipping lines jumped 4.8 trillion won (US$4 billion) in the past two and a half years as they borrowed more to continue operations, data by a private corporate firm showed Monday. Bank loans extended to Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. climbed 4.5 trillion won to 50.54 trillion won at the end of April from 46.06 trillion won as of end-
IndustryJune 6, 2016
-
Former PM says diplomats not suitable for domestic politics
A former South Korean prime minister who served late President Roh Moo-hyun said Monday that diplomats are not usually suitable for domestic politics, targeting the possible presidential bid by the incumbent United Nations secretary-general. "The talents of diplomats are not suitable for local politics.Although diplomacy is also important, they don't fit to the politics where tensions are high," former South Korean Prime Minister Lee Hae-chan said. "I have seen many diplomats, but none of them
PoliticsJune 6, 2016
-
N.K. expands work-hard campaign across the country: report
North Korea is moving to expand its second work-hard campaign launched this year as it pushes for more growth, state-run media reported Monday. Pyongyang has kicked off its "200-day campaign of loyalty" this month as part of its five-year economic development plan, unveiled by at the rare ruling Workers' Party of Korea (WPK) congress in early May. The drive comes on the heels of a 70-day work-hard drive that began earlier this year ahead of the key party gathering that helped solidify North
North KoreaJune 6, 2016
-
Ruling, opposition at stalemate on parliamentary formation
South Korea's ruling and opposition parties remained at a stalemate a day before the deadline for the formal launching of the new National Assembly, political sources said Monday, casting concerns about the willingness of lawmakers to serve the people. The ruling Saenuri Party and the Minjoo Party of Korea have been wrangling over the formation of committees and who will name the speaker after the main opposition took one more seat than the ruling party in the 300-seat unicameral parliament fo
PoliticsJune 6, 2016
-
Public opinion on N. Korea turn negative following nuke test, missile launch
Public opinion on North Korea worsened in the wake of that country's fourth nuclear test and long-range missile launch earlier this year, a nationwide poll showed Monday. According to the National Unification Advisory Council (NUAC), a poll carried out on 1,000 adult South Koreans in mid March, showed 34.6 percent saying Seoul should maintain a high degree of vigilance towards the North and its provocations. The same survey showed 27.2 percent of the respondents viewing the reclusive neighbor
North KoreaJune 6, 2016
-
Trump insists allies should pay 100 pct of troop stationing costs
U.S. Republican presidential candidate Donald Trump insisted Sunday that allies should pay 100 percent of the stationing cost for American troops and the U.S. should end the protection offered unless they agree to do so."We right now defend Japan. Japan pays us a small fraction of the cost, a very small fraction. I want them to pay us at least the cost," Trump said in an interview with CNN. "It's actually less than 50 percent. But a general got on and said 50 percent recently. But, even if it wa
DefenseJune 6, 2016
-
Financial institutions should choose either doing business with North Korea or U.S.: Royce
Financial institutions around the world should choose between doing business with North Korea and being denied access to the U.S. financial system or severing dealings with the communist nation, the chairman of the U.S. House Foreign Affairs Committee said.Rep. Ed Royce (R-CA) made the remark at the end of his two-day visit to Seoul, referring to the U.S. blacklisting last week of the North as a "primary money laundering concern" in a move designed to cut off Pyongyang from the international ban
InternationalJune 6, 2016
-
Korea stun 10-man Czech Republic in football friendly
South Korea stunned the 10-man Czech Republic in a 2-1 football friendly victory in Prague on Sunday.Midfielder Yoon Bitgaram had a goal and set up another in South Korea's first-ever win over the Czechs. The South Koreans entered the match at Eden Arena with three draws and a loss in their previous four meetings. Sunday's victory was sweet revenge for their 5-0 loss in 2001.It also washed off painful memories of South Korea's crushing 6-1 defeat against Spain in Austria on Wednesday. South Kore
SoccerJune 6, 2016
-
Arab films shine light on dystopian truths
The Arab Film Festival wrapped up its fifth show in Korea last week, exposing the unfaltering spirit of democracy and solidarity in the Middle East and North Africa -- regions that have been marred by dictatorship and violence.“Madame Courage” by Algerian director Merzak Allouache shed light on troubled teenager Omar, who ekes out his living as a street thief in the suburb of Mostaganem. His home is a ramshackle hut that he shares with his mother -- who watches television programs laden with ext
Foreign AffairsJune 6, 2016
-
Trickling down the benefits of Ceylon tea
In the land of Ceylon tea, Sri Lanka, Merrill J. Fernando takes a humble approach to cultivating and selling his herbal product. The 86-year-old founder and chairman of MJF Group has built a successful enterprise by globalizing Ceylon tea, and he channels the profits back to his country. “Tea was a blessed divine herb in China, but through global business was turned into a material commodity by profit-driven companies,” he told The Korea Herald last week. “I take pride in bringing integrity, fre
Foreign AffairsJune 6, 2016
-
Turkey, Korea share traditional cultures
The Turkish Embassy and the Korean Food Foundation jointly organized an exhibition last week, celebrating the gastronomic and wearable traditions of both countries. At the opening ceremony in Seoul on Thursday, traditional Turkish foods, including meatballs wrapped in eggplant and bell peppers, “yaprak salma” (vine leaves stuffed with rice), “borek” (spinach rolls), as well as Turkish alcoholic beverage “yeni raki” were showcased. Also on display were traditional embroideries by Korean designer
Foreign AffairsJune 6, 2016
-
France, Korea partner in fintech
Celebrating 130 years of diplomatic relations, French and Korean institutions jointly held a seminar last week to explore ways of cultivating the financial technology industry, known as fintech. Part of “La French Tech” initiative -- a French national program to nurture start-ups worldwide -- the event at InterContinental Seoul Coex on May 30 was hosted by the Korean Fintech Center and the French Embassy. It drew some 250 participants, including financial regulators, businesspeople and experts f
Foreign AffairsJune 6, 2016
-
S. Korean fishermen seize Chinese boats near inter-Korean border
A group of South Korean fishermen captured two Chinese fishing boats near the western inter-Korean sea border Sunday, saying they were angry at the Chinese for illegally fishing in their waters.The fishermen seized the 22-ton and 15-ton boats just south of the Northern Limit Line around 5:23 a.m., according to coast guard officials. A total of 11 Chinese fishermen were aboard, but they were sleeping when their vessels were dragged to the border island of Yeonpyeong by five South Korean fishing b
Social AffairsJune 5, 2016
-
Foreign Minister Yun visits Cuba to forge ties, pressure N.K.
South Korea’s Foreign Minister Yun Byung-se kicked off his two-day visit to Cuba on Saturday in a bid to normalize relations between the two countries, marking the first time Seoul’s foreign minister has ever visited the South American country. (Yonhap)South Korea has yet to forge official diplomatic ties with Cuba and economic exchanges between the two have been small. Relations between the two countries were severed after former Cuban leader Fidel Castro overthrew then-leader Fulgencio Batista
Foreign AffairsJune 5, 2016
-
[Newsmaker] 'He will never die': World mourns Ali
From the White House to Kinshasa and Uzbekistan they remembered on Saturday a sporting and cultural icon, saying there would never be another one like Muhammad Ali, "The Greatest". Ali was recalled not just as a heavyweight boxing king but also for his fight for social justice, while others told moving personal stories of his warmth and generosity, how he was equally at home with presidents and people on the streets. (AFP-Yonhap)President Barack Obama hailed Ali, who died on Friday after a long
World NewsJune 5, 2016
-
[Graphic News] Conglomerates’ market cap inched down
The combined market cap of the top 10 Korean firms fell by about 11 trillion won ($9.45 billion) during the first five months of 2016. According to financial information provider FnGuide, the market cap of the country’s top 10 listed conglomerates declined to 633.91 trillion won as of June 3, losing 1.7 percent from the amount it reported at the end of 2015.Among the leading local companies, Samsung Group lost 1.86 percent of market cap after dropping to 296.92 trillion won from 302.64 trillion
June 5, 2016
-
[Editorial] Language education
South Korea is set to diversify its foreign language education at schools under a law on special language education promotion.As the Education Ministry has stated, it is welcome to see that the nation is seeking to modify the current situation in which Koreans have excessively engaged in learning English over the past decades. The second most popularly learned foreign language at colleges and private institutes was Japanese formerly, and is Chinese presently.The ministry said it will provide uni
EditorialJune 5, 2016
-
[Editorial] Gas price rebound
Retail oil prices recently reached their highest so far this year in Korea amid a rapid bounce-back in international crude prices.Gasoline prices have surpassed the former 2016 record of 1,406.72 won ($1.18) per liter, which was recorded on Jan. 1, after hitting the bottom of 1,339.51 won in early March. Diesel prices have also posted a V-type rebound to break the 1,200-won barrier.The domestic prices growth reflects an about 90 percent jump in crude prices within just three to four months. Desp
EditorialJune 5, 2016