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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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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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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May university festivals list up (16~22)
(The Korea Herald)The month of May is a time for university festivals. While these festivals are mainly student-organized, with unique games and cultural performances of all sorts, there are also high-profile K-pop celebrity stages which help attract people other than university students to visit and add to the atmosphere. The celebrity line-ups often remain a secret until the day of the festival to rally up excitement among speculative visitors. The Korea Herald has compiled the dates of each u
Expat LivingMay 16, 2016
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LG to spin off two venture firms
LG Electronics said Monday it has decided to spin off two venture firms that have carried out separate projects under the leadership of its chief technology officer. Starting with the two firms -- Acanvas and Infit&Company -- the Korean tech giant said it will continue to encourage the start-up spirit among employees and nurture their creative ideas into businesses. Acanvas’ digital frame (LG Electronics)Acanvas has developed a rechargeable electronics frame that displays digitalized works of ar
TechnologyMay 16, 2016
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Acclaimed director Robert Wilson creates Hermes installation
NEW YORK (AP) -- Leather. Silk. Cheetahs. Stitches. Essential. Touch. Such is a snippet of spoken soundtrack for an Hermes home goods show brought to life by acclaimed theater director and visual artist Robert Wilson in an original installation mixing performances with tableware and leather sofas and chairs. Titled “Here Elsewhere,” the master of movement, sound and light had three days to transform a Chelsea warehouse space into rooms of unique emotional experiences, beginning with a mirrored e
PerformanceMay 16, 2016
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China's Cultural Revolution, now highly collectible
SHANGHAI (AFP) -- At the “East is Red” shop in Shanghai, every nook and cranny is packed with memorabilia of China’s Cultural Revolution, from small badges of Chairman Mao Zedong to gigantic posters of his iconic image. Owner Guo Bing himself is a child of the Cultural Revolution, born in 1966, the year the chaotic and violent decade was launched on May 16. His parents named him with the Chinese character for “soldier,” a common practice at the time. But now, Guo sees profits rather than Communi
CultureMay 16, 2016
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France to mark ‘K-culture Week’ in time for President Park’s visit
France will celebrate Korean culture in a special week-long event early next month to commemorate the two countries’ 130th diplomatic anniversary, the Culture Ministry here said Monday. According to the Ministry of Culture, Sports and Tourism, “K-culture Week” will coincide with Korean President Park Geun-hye’s state visit to the European country from June 1-4. It is part of events that the two countries have been holding to mark the anniversary of their diplomatic ties. Last week, some 30 high-
CultureMay 16, 2016
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K-pop stars and 'character education'
K-pop production companies are notorious for the rigorous training of their entertainers who undergo years of dance and vocal training before they enter the competitive market. When singers started appearing on TV dramas and films, acting classes also became essential. And when the K-pop wave went global, foreign language classes were added into the already harsh training regimes. Now, in an age when K-pop stars’ every word and action are prone to scrutiny worldwide, agencies have started to f
PerformanceMay 16, 2016
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British director says ‘shocking’ US poverty drove Cannes entry
CANNES, France (AFP) -- British filmmaker Andrea Arnold said Sunday the “shocking” poverty she saw travelling across America drove her to make her Cannes contender, and appreciate the relatively intact state of her own country’s social safety net. “American Honey” stars maverick Hollywood actor Shia LaBeouf and a cast of amateurs playing disadvantaged youths who shuttle from town to town selling magazine subscriptions in a country that has long abandoned print media for digital. Arnold, 55, a fo
FilmMay 16, 2016
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Baek A-yeon to make comeback
Singer-songwriter Baek A-yeon is set to mark her return, a year after her last single “Shouldn’t Have,” the singer’s agency JYP Entertainment announced Monday. Baek uploaded a teaser image accompanied with the words “2015. 05 Shouldn’t Have/ 2016. 05 So So/ BAEK A YEON” on her official Facebook page at midnight on Sunday, announcing her return in May. Teaser image of Baek A-yeon’s upcoming digital single “So So” (JYP Entertainment) In the teaser image, Baek has her head resting on a desk in a ro
PerformanceMay 16, 2016
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NPS to up global investments in 2017-2021
Korea’s National Pension Service, which manages the world’s third-largest public pension fund after Japan and Norway, said it decided to increase the fund’s allocation in global investments in its mid-to-long-term fund investment portfolio.According to the plan finalized at the health minister-led fund management committee Monday, the combined proportion of investment in global equities, bonds and alternatives will increase to more than 35 percent of the total fund by 2021 from 24.3 percent as o
May 16, 2016
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JYJ Junsu to release love song
K-pop boy band JYJ’s Junsu will release the new song “..Is You” at midnight on May 19, the singer’s agency C-JeS Entertainment announced Monday. The new song will be included in the singer’s fourth full-length studio album “Xignature,” scheduled for release at the end of May, added the agency. The singer also unveiled the upcoming song’s lyrics on the group’s official Facebook on the same day. A promotional image shows the lyrics to JYJ Junsu’s “..Is You.” (C-JeS Entertainment) The song is a
PerformanceMay 16, 2016
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Aging population may be both bane and boon
Aging population may be both bane and boon[News Focus] By Kim Kyung-hoKorea’s rapidly aging population is usually considered a major drag on long-term growth, however, there might also be some benefits to it. In a report released last week, global rating agency Standard & Poor’s predicted that the country’s proportion of aging population-related government spending to gross domestic product would rise from 7.7 percent in 2015 to 17.8 percent in 2050. The rate of increase is the fourth fastest a
May 16, 2016
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Oil at fresh 2016 highs on hopes of supply glut easing
SINGAPORE (AFP) -- Oil rose to fresh 2016 highs in Asia Monday as a slowdown in U.S. drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would ease sooner than expected.U.S. oilfield services firm Baker Hughes said the number of U.S. drilling rigs fell to its lowest level since October 2009, which is good news for prices as U.S. production is a key contributor to the oversupply.Chinese crude refineries also processed crude at record rates in April while produ
World BusinessMay 16, 2016
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Retailers transforming into successful trading companies
Korean retailers are transforming into leading trading firms, reaping success by taking the products of smaller companies and private brands abroad, industry statistics showed Monday.E-Mart began its exports in 2013 through an agreement with Hong Kong's Watson Group to supply 128 processed foods of its own label. The first year of exports amounted to $330,000. In the first quarter of this year alone, E-Mart's exports of private brand goods totaled $3.71 million, more than double the yearly total
IndustryMay 16, 2016
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Business hotels land in Myeongdong to accommodate private Chinese travelers
Business hotels are springing up in and near Myeongdong, the shopping mecca of downtown Seoul, as hotel chains try to cater to a growing number of Chinese tourists who are switching from package tours to private trips to Korea.Nearly 6 million Chinese travelers came to Korea last year, a number that would have been higher if not for the scare from Middle East Respiratory Syndrome, according to tour agencies. Myeongdong shopping district in downtown Seoul (Yonhap)Industry officials estimate that
IndustryMay 16, 2016
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Interest rate spread narrows to record low in 2015
The gap between banks' savings and lending rates narrowed to a record low level last year due to declines in the country's base rates, data showed Monday. The spread between savings and lending interest rates stood at 1.97 percentage points at the end of 2015, compared with 2.18 percentage points in 2014, according to the data compiled by the Financial Supervisory Service (FSS). Lending section of a commercial bank branch in Seoul (Yonhap)Last year's figure marks the narrowest spread since 1999
May 16, 2016
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Korea says Nissan sold emissions-faked cars
Korea's government said Monday it will order a recall of hundreds of Nissan vehicles sold in Korea after it found that the Japanese carmaker had fabricated emissions results.The Ministry of Environment said the Qashqai model of the Japanese automaker was found to have faked its emissions results by using a so-called defeat device. A total of 814 cars have been sold here from November to last week.The announcement came after the government launched a nationwide probe into 20 models of diesel cars
MobilityMay 16, 2016
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Dongbu's key affiliates swing to black after restructuring efforts
Major affiliates of the once troubled Dongbu Group have returned to profit after two years of restructuring efforts to tackle a liquidity crisis, industry sources said Monday.Dongbu Group, Korea's 28th-largest conglomerate whose affiliates range from insurance and construction to steelmaking firms, had been under pressure from its creditors to improve its shaky financial status.Headquarters of Dongbu Group in Seoul (Yonhap)Dongbu's self-rescue process began in 2013, when the group's main credito
IndustryMay 16, 2016
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Korea's foreign currency deposits rise to 5-month high in April
Foreign currency deposits at banks in Korea grew for the second straight month in April, climbing to a five-month high on an increase in U.S. dollar holdings, central bank data showed Monday.Outstanding foreign currency deposits held by local residents came to $62.04 billion as of April 29, according to the Bank of Korea.The April reading marks a $1.47 billion rise from the previous month and the highest level since $62.31 billion tallied in November. Local residents include firms and foreign na
May 16, 2016
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[Photo News] Promoting Korea in the skies
Korean Air and Asiana Airlines will be operating planes bearing the “Visit Korea Year” emblem as part of the Visit Korea Committee’s efforts to attract tourists. Korean Air will be operating B777-300ER and B747-8i planes with the logo, while Asiana Airlines will be operating A321, A330, and B777 planes with the mark through to 2018. (Korean Air, Asiana Airlines)
IndustryMay 16, 2016
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Citibank Korea runs for charity
Citibank Korea organized a vertical marathon from May 9-10 as a part of Citi’s Global Fitness Challenge. Runners climbed staircases at the bank’s Seoul headquarters and Incheon office to donate to charity under a fitness program launched by Citi’s global headquarters in 2012. Citibank Korea CEO Park Jin-hei (front left) and Citibank employees take part in the vertical marathon at Citibank Korea’s headquarters on May 10. (Citibank Korea)It was introduced in Korea this year and the marathon marked
IndustryMay 16, 2016