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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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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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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Hyundai Merchant, shipowners to renegotiate charter rates
Financially embattled Hyundai Merchant Marine and the owners of ships that it leases are set to hold final talks here for cutting charter rates, industry sources said Wednesday. The talks come as creditors of the country’s No. 2 shipper is putting pressure on Hyundai Merchant to place it under court receivership should they fail to get “meaningful” results from the negotiations. Hyundai Merchant and high-ranking officials from five major shipowners will discuss the charter rate cut in downtown S
May 18, 2016
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S. Korea commemorates democracy movement amid song quarrel
South Korea hosted an official ceremony to mark the 36th anniversary of a key popular uprising that played an instrumental part in transforming the country into a liberal democracy, amid on-going squabbles over the status of a controversial song used at the event.On May 18, 1980, more than 200,000 citizens of Gwangju, 329 kilometers south of Seoul, rose up against the military junta led by Gen. Chun Doo-hwan, who took power following the turmoil left by the assassination of then-President Park C
Social AffairsMay 18, 2016
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Shinsegae opens duty-free store in Myeong-dong
Korean retail giant Shinsegae opened its first duty-free store in Seoul on Wednesday. The operator of the nation’s largest discount chain E-mart opened the duty-free outlet on the top four floors of its flagship Shinsegae department store, featuring about 600 brands. The store is located a less than 10-minute walk from Lotte’s main duty-free shop, which is South Korea’s largest store by sales. It is also about 3 kilometers from the second-largest outlet, the Shilla Duty Free Seoul.To attract cus
IndustryMay 18, 2016
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Seoul shares open lower on Wall Street losses
Korean share prices opened lower Wednesday following losses in New York. The benchmark Korea Composite Stock Price Index fell 9.90 points to 1,958.16 in the first 15 minutes of trading. Traders monitor South Korean share prices at a local bank. (Yonhap)The drop came after stocks on Wall Street suffered a steep decline. The Dow Jones industrial average lost 1.02 percent to close at 17,529.98.Analysts said investor sentiment was also dented following reports from the U.S. showing its consumer pric
May 18, 2016
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Camouflage netting over submarine shows N. Korea's pursuit of SLBM program: 38 North
Recent satellite imagery shows camouflage netting over the deck of North Korea's ballistic missile submarine in an indication that the communist nation is forging ahead with its SLBM development, a U.S. website monitoring the North said Tuesday.The May 8 imagery of the Sinpo South Shipyard shows netting has been suspended over the Gorae-class submarine in an sign that the North is continuing to "actively pursue development of both a ballistic missile submarine and submarine-launched ballistic mi
DefenseMay 18, 2016
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U.S. Pacific commander calls for greater trilateral military cooperation with S. Korea, Japan
The U.S. Pacific commander called Tuesday for greater trilateral military cooperation with South Korea and Japan as the three countries plan to hold their first joint missile-tracking exercise to better defend against North Korea.Adm. Harry B. Harris Jr. made the remark during a speech at a security seminar in Washington, saying the North is posing a "real threat" with its pursuit of nuclear weapons and delivery missiles in addition to "hundreds of thousands of rockets within range of Seoul."He
DefenseMay 18, 2016
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U.S. lawmakers call for awarding Medal of Freedom to late Korean-American war hero
A group of U.S. House lawmakers called Tuesday for President Barack Obama to award this year's Presidential Medal of Freedom to late Korean-American war hero Kim Young-oak.Reps. Judy Chu (D-CA), Charles Rangel (D-NY), Maxine Waters (D-CA) and Mark Takano (D-CA) made the appeal during a joint press conference at the House Rayburn building, saying the late retired Colonel Kim contributed to safeguarding and promoting the U.S. founding ideals of freedom and equality.Joining the campaign are a total
InternationalMay 18, 2016
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Trump willing to hold talks with N. Korean leader: report
U.S. Republican presidential candidate Donald Trump said Tuesday he is willing to hold talks with North Korean leader Kim Jong-un, according to a Reuters report."I would speak to him, I would have no problem speaking to him," Trump was quoted as saying of the North's leader in an interview with the Reuters.Trump also reiterated that he would pressure China to rein in the North, according to the report."I would put a lot of pressure on China because economically we have tremendous power over Chin
InternationalMay 18, 2016
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G7 leaders to discuss N. Korea at next week's summit: White House
North Korea will be a topic when President Barack Obama and other leaders of the Group of Seven countries hold a summit in Japan next week, the White House said Tuesday."I'm confident that this is an issue that will be discussed at the G-7 meeting in Japan. Obviously the world is concerned about the provocations and destabilizing activities of the North Korean regime," White House press secretary Josh Earnest said at a regular briefing.The U.S. will continue to work with the international commun
InternationalMay 18, 2016
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[EXCLUSIVE] ‘KeTox was chemical brokerage company’: former CEO
Danish chemical KeTox -- which allegedly supplied PGH to Korean company Butterflyeffect -- denied that it had manufactured the substance, but said that it had served as a chemical broker that distributed PGH to Danish companies. In an interview with The Korea Herald this week, the now-defunct company’s former CEO Frede Damgaard said that KeTox mainly imported PGH from Austria to Denmark for agricultural use.“We didn’t manufacture PGH, we only bought it,” Damgaard said. “(We bought it for) differ
Social AffairsMay 18, 2016
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Samsung Bioepis to begin global phase-III trials for Avastin biosimilar
Samsung Bioepis is scheduled to begin its final stage of clinical trials for SB8, its new biosimilar drug referencing Roche’s blockbuster cancer treatment Avastin (bevacizumab), around the world.According to the EU Clinical Trials Register, Samsung Bioepis will carry out phase-III clinical trials for SB8 in 10 countries in Europe, as well as in Taiwan and Korea.A total of 678 subjects are scheduled to participate, according to the EU database.Samsung Bioepis headquarters in Songdo, Incheon (Sams
IndustryMay 17, 2016
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Saenuri fails to effectuate interim leadership
The ruling Saenuri Party on Tuesday failed to hold two key meetings due to a deepening factional dispute, thus missing out on its plan to initiate interim leadership to steer the straying party until official leadership is elected.It was mostly those close to President Park Geun-hye who boycotted the incoming emergency panel and innovation committee, denouncing its composition as unilaterally excluding the pro-Park faction.The party’s permanent national committee meeting and general national com
PoliticsMay 17, 2016
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[Graphic News] Gloomy outlook for South Korea’s growth continues
Global and local organizations continued to make downward revisions on South Korea’s growth outlook amid sluggish economic data at home and abroad.Most recently, the Organization for Economic Cooperation and Development cut its 2016 growth forecast of Asia’s fourth-largest economy to 2.7 percent from 3.1 percent, citing sluggish global trade and a slowdown in China.The International Monetary Fund lowered its 2016 growth estimate for Korea to 2.7 percent, and the Bank of Korea also revised down i
May 17, 2016
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‘Another Oh Hae-young’ sets new records
“Another Oh Hae-young,” tvN’s 16-episode TV drama series, keeps outdoing its previous viewership ratings. The show is a romantic comedy about Oh Hae-young (Seo Hyun-jin), who is stressed out by a seemingly ideal type of woman with the same name (Jeon Hye-bin) from the same high school who becomes a team leader at the same company. Seo Hyun-jin (left) and Mun Jung-hyuk star in tvN drama series “Another Oh Hae-young.” (CJ E&M) The drama series began with a meager 2 percent viewership rating when
TelevisionMay 17, 2016
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[Herald Interview] Uncovering Korea's overlooked modern history
Park Chan-kyong thinks it’s a shame that most Koreans are forgetting crucial parts of their modern history -- the Korean War and the subsequent division -- and live as if such historical facts don’t impact their lives. “I went to college in 1984. It was a time when students were more often seen in democracy protests on the streets than in classrooms. Political issues made up 80-90 percent of our generation’s life. From our younger days, we had been exposed to the nationwide anticommunist propag
PerformanceMay 17, 2016
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Korean piano prodigies take top 3 spots in Prague music contest
Korean classical music artists continue to dominate elite international music competitions, with three budding Kumho Art Hall pianists snagging the top three spots at this year’s 68th annual Prague Spring International Music Competition held in the Czech Republic capital last week. Local piano prodigy Park Jin-hyung, 20, took home the crown in the competition's piano category Saturday, while his fellow Kumho artists Kim Jun-ho and Han Kyu-ho won the second and third place prizes, respectively.
PerformanceMay 17, 2016
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Overseas expansion puts Forever 21 in a pickle
The Korean-born American founders of global retail chain Forever 21 known for their rags-to-riches story appear to be facing a crisis.The New York Post reported late last month that Forever 21 was “late paying its bills,” which spooked business partners and banks as the company recently took the “unusual step of closing two massive California stores.”A Forever 21 store in Beijing, China (Bloomberg)The founders of Forever 21 are married couple Chang Do-won and Chang Jin-sook, who are often held u
IndustryMay 17, 2016
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Han Kang wins Booker award
Korean author Han Kang became the first Korean to win the prestigious Man Booker International Prize for her novel “The Vegetarian” on Monday. British translator Deborah Smith, who translated the novel from Korean to English, was jointly awarded the prize. “I wanted to depict a woman who refuses to exercise violence,” Han, 45, said in her acceptance speech at the award ceremony held at London‘s Victoria and Albert Museum on Monday night. 2016 Man Booker International prize for fiction winner Ha
BooksMay 17, 2016
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[Super Rich] Jejudo woos Saudi billionaire in bid to host Four Seasons
Jejudo Island, the nation’s popular vacation spot, was presented on Tuesday as a strong candidate for the location of the second Four Seasons hotel in Korea to visiting Saudi billionaire Prince Alwaleed bin Talal, the owner of the Toronto-based luxury hotel chain. “In a face-to-face meeting held at Gimpo International Airport, Jeju Province Governor Won Hee-ryong pitched the island’s world-class resort development project targeting Four Seasons and he gained positive feedback from the Arab tycoo
BusinessMay 17, 2016
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[Hedrick Smith] Angry voters shaking U.S. political system
The political earthquake now shaking the pillars of the Republican Party throws into stark relief what is unique about campaign 2016 — that the fault line is not the typical polar clash of left vs. right, but a far more fundamental up-down cleavage between rank-and-file Americans and the power elite.In both major parties, the primary campaign has unearthed a mass mutiny against the powers that be, reflecting a profound rift in American society with ramifications far beyond this year’s election.F
ViewpointsMay 17, 2016