Most Popular
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Korea to face another massive shortfall in tax revenue
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Who's lying? Hybe vs. Min conflict continues to intensify
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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[Photo news] Faker Mercedes
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SK hynix outpaces Samsung, Micron with more powerful AI chips
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Power of nostalgia brings K-pop legends back together
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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S. Korea calls for N.K. to give up nukes in response to dialogue offer
South Korea's defense ministry said Monday it has responded to North Korea's latest offer for military talks by saying that the North's denuclearization steps should be a top priority.The government said it sent its reply to Pyongyang earlier in the day as North Korea on Saturday proposed holding a working-level meeting with South Korea in late May or early June in preparation for military talks. Seoul has rejected it as a proposal without sincerity."We expressed regret that North Korea had prop
North KoreaMay 23, 2016
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Conditions for loose monetary policy become complicated
Policymakers in the government and the Bank of Korea see the environment getting complicated for easing fiscal and monetary policies to help facilitate corporate restructuring.Recent signs of prices picking up are heightening expectations that the country’s economy may be getting out of the deflationary pressure. But caution is also being raised against the possibility of measures taken to finance corporate restructuring in this circumstance leading to a steep price increase. Bank of Korea (Yonh
May 23, 2016
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Government to try fast-track approval for 3D-printed medical instruments
The Ministry of Food and Drug Safety is looking at the possibility of allowing limited use of medical instruments made through 3D printers before final government approval, hoping to change relevant regulations by November, officials said Monday.The attempt falls in line with the results from an inter-ministerial deregulation meeting last week where 3D-printed medical instruments were specified as a subject of eased restrictions.The ministry mentioned through public symposiums that it is conside
TechnologyMay 23, 2016
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Top political party officials visit Daewoo Shipbuilding amid industrywide slump
Top officials from ruling and opposition parties plan to visit the shipyard of Daewoo Shipbuilding & Marine Engineering Co. on Monday, amid rising concerns over the prolonged industrywide slump in one of Korea's key growth sectors.Chung Jin-suk, the floor leader of the ruling Saenuri Party, will visit a South Gyeongsang Province-based shipyard to receive input from workers and the company. The party also aims to continue discussions with the management on restructuring programs that may emerge a
PoliticsMay 23, 2016
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N.K. holds state funeral of top diplomat Kang Sok-ju
North Korea held a state funeral for Kang Sok-ju, a top North Korean diplomat who had negotiated the now-collapsed 1994 nuclear deal with the United States, the North's state media said Monday.On Sunday, the North carried out the funeral of Kang, a former party secretary in charge of international affairs, who died of esophagus cancer at the age of 77, according to the Korean Central News Agency (KCNA)."The death of Kang Sok-ju, genuine revolutionary and able political activist, was a great loss
North KoreaMay 23, 2016
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Two Korean clubs chasing quarterfinals berths at AFC Champions League
Two Korean clubs will be chasing quarterfinals berths at the Asian Football Confederation (AFC) Champions League this week after failing to pick up victories in the opening legs of the round of 16.Jeonbuk Hyundai Motors will host Melbourne Victory at 7 p.m. Tuesday at Jeonju World Cup Stadium in Jeonju, North Jeolla Province. The two played to a 1-1 draw last week in Australia.With an away goal in the bag, Jeonbuk can advance to the quarters for the second straight year with at least a scoreless
SoccerMay 23, 2016
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Park’s approval rating falls after song controversy
Korean President Park Geun-hye’s approval rating fell for the second week in a row, a local pollster said Monday, apparently following the government’s rigid stance on a controversial song that has been a point of contention between liberals and conservatives for years.According to a poll conducted by Realmeter on 2,531 South Koreans last week, 32.3 percent of the respondents approved of the Park administration, down 2.2 percentage points from a week earlier. Those who disapproved of the chief e
PoliticsMay 23, 2016
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Hyundai Motor's shares in BRIMs markets hit record high in April
Hyundai Motor Co., Korea's top automaker, saw its combined shares in Brazil and three other emerging countries hit an all-time high last month despite overall weak demand, industry data showed Monday.According to the data by automotive associations in each nation, Hyundai Motor's sales in those markets, which also include Russia, India and Mexico, came to 74,058 units in April, up 4.2 percent from the same period last year.Hyundai sold 16,453 cars in Brazil, 12,201 in Russia, 42,351 in India and
IndustryMay 23, 2016
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Politicians to gather in memory of ex-President Roh
Korean politicians from ruling and opposition parties are set to gather in Gimhae on Monday to mark the seventh anniversary of former President Roh Moo-hyun's death.Officials from the ruling Saenuri Party, as well as the main opposition Minjoo Party and the minor People's Party, will visit Roh's home in Bongha Village, about 450 kilometers southeast of Seoul.Roh, who led the country from 2003 to 2008, killed himself at a mountainside precipice above his provincial hometown in May 2009, expressin
PoliticsMay 23, 2016
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Car wash service reborn with mobile platform
Mobile app-driven new businesses are budding in the automotive after sales and service market, drawing the attention of investors focusing on start-ups, and the car wash business is no exception. The car wash sector in Korea, which is crowded with small players, has recently seen a resurgence as an online-to-offline business.“An O2O car wash mobile application, matching an offline service provider with a customer regardless of time and place, tremendously saves the customers’ time without any ad
BusinessMay 23, 2016
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Korean shares open higher on Wall Street gains
Korean stocks started slightly higher Monday, taking a cue from overnight gains in Wall Street.The benchmark Korea Composite Stock Price Index (KOSPI) rose 2.66 points, or 0.14 percent, to 1,950.33 in the first 15 minutes of trading. (Yonhap)Top market cap Samsung Electronics rose 0.32 percent, and leading carmaker Hyundai Motor gained 1.52 percent.State-run Korea Electric Power Corp. fell 0.83 percent.In New York, the Dow Jones Industrial Average climbed 65.54 points, or 0.38 percent, to 17,500
May 23, 2016
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S. Korea's nuclear armament could undermine U.S. influence in Asia: CRS report
Encouraging South Korea to develop nuclear weapons could undermine American influence in Asia, unravel the U.S. alliance system and spark a nuclear arms race in the region, a congressional report said in apparent criticism of Donald Trump's suggestion to do so."Presidential candidate Donald Trump in spring 2016 stated that he was open to South Korea's developing its own nuclear arsenal to counter the North Korean nuclear threat," the Congressional Research Service said in the recent report on So
InternationalMay 23, 2016
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Clinton says Trump's foreign policy poses 'immediate dangers'
U.S. Democratic presidential candidate Hillary Clinton said Sunday that her Republican rival Donald Trump's foreign policy views, including "heaping praise on a dangerous dictator in North Korea," pose "immediate dangers.""Look what he's done this past week, you know, attacking our closest ally, England. Heaping praise on a dangerous dictator in North Korea. Reiterating his call to pull out of NATO, our strong military alliance. Talking about letting other countries have nuclear weapons," Clinto
InternationalMay 23, 2016
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Bulgarian rose charms at Seoul festival
The Bulgarian Embassy and Jungnang-gu district jointly held the Seoul Rose Festival over the weekend, decorating the strip of land along the Jungnangcheon Stream with rosy fanfare. During the inaugural ceremony Friday, a memorandum of understanding was signed between the two sides, pledging further cooperation in culture, arts and physical education. The venue attracted more than 160,000 guests over three days, establishing itself as a hallmark festival representing Seoul. It was first conceived
Foreign AffairsMay 22, 2016
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Nepalese brothers cycle the world for environment, public health
Two brothers from Nepal are on a cycling journey across the world to raise awareness on saving the environment and preventing HIV. They arrived in Korea in early May, hoping to spread their goodwill. “Our main purpose is to make people aware of the deteriorating nature and the harmful effects of stigmatizing HIV-AIDS patients. We reach out through the media in countries we visit,” Amrit Baral, 28, told The Korea Herald at the Nepalese Embassy last week. “We chose the bicycle because it is the mo
Foreign AffairsMay 22, 2016
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World Humanitarian Summit urges global engagement
ISTANBUL -- Ahmed Hassan Makur is a Syrian refugee who has for the last four years dwelled in Turkey’s Nizip Temporary Accommodation Center near Gaziantep north of the border with Syria. When the war erupted in his country in 2011, he escaped with his family and found refuge in Turkey that has welcomed nearly 3 million of his compatriots. “Thank God, everything is good. We are quite happy here. Turkish people are very hospitable,” the 50-year-old man told reporters in mid-May in the two-room con
Foreign AffairsMay 22, 2016
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US Secretary of State Kerry urges further reforms in Myanmar
NAYPYIDAW, Myanmar -- U.S. Secretary of State John Kerry on Sunday urged Myanmar's new civilian-led government to complete the Southeast Asian nation's transition to democracy by implementing further reforms to enshrine free markets, development and human rights. Speaking with Myanmar's foreign minister and de facto leader, Aung San Suu Kyi, after talks in the capital of Naypyidaw, Kerry pledged continuing U.S. support for the country and hailed progress it has made since Suu Kyi's political par
World NewsMay 22, 2016
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Injured gymnast Yang Hak-seon gets second chance for Rio
Reigning Olympic gymnastics champion Yang Hak-seon, who has been battling a foot injury since March, has been given a second chance to prove himself worthy of the Summer Games in Rio de Janeiro, the South Korean gymnastics association said Sunday.Yang participated but withdrew from the national team trials that lasted two days from Saturday, ending up with a score of 0 and finishing last among 15 candidates. Yang Hak-seon (Yonhap)The Korea Gymnastic Association (KGA), however, said it is giving
Olympic GamesMay 22, 2016
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Britain says Turkey 'decades' from joining the EU
LONDON (AFP) -- British Prime Minister David Cameron said Sunday it would be decades before Turkey could possibly join the EU, saying that it might happen in the year 3000 on current progress.Even then, the United Kingdom, like all member states, would have a veto on their entry, Cameron said, with future Turkish accession a key battleground in Britain's referendum on its own EU membership. David Cameron (center) (AFP)"It is not remotely on the cards that Turkey is going to join the EU at any ti
World NewsMay 22, 2016
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Hyundai E&C commits to global social contribution
Hyundai Engineering & Construction is continuing its commitment to global social contribution with a total of 27 social projects in 15 countries.With its first global social contribution project of building a construction business education center in Kazakhstan in 2011, Hyundai E&C has since completed 14 social contribution projects and is currently making progress in 13 other overseas projects, the company said Thursday. Hyundai E&C and the Miral Welfare Foundation donated 1,500 solar lanterns
IndustryMay 22, 2016