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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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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'Shaman says president will die,' caller warns
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Boy's emergency medical treatment delayed 2 hours due to staff shortage
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Hyundai Cement sale expected this year
Hyundai Cement, which has been under a debt workout program, could be put up for sale by creditors as early as next month, sources said Thursday.Creditors of the Korean maker of cement and ready-mixed concrete, led by the state-run Korea Development Bank, plan to seal the deal after the lock-up period on their shares in the company expires at the end of this year.“Although Hyundai Cement is under a debt workout scheme, its business is almost back on track,” an official at one of the creditors sa
May 12, 2016
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Hankook Tire picked as supplier for Tesla’s Model 3
Hankook Tire, the country’s largest tire maker, was recently chosen as a supplier for Model 3, the first mass market brand of U.S. luxury electric vehicle maker Tesla, according to local news reports.The news reports said the EV-only tire of Hankook was picked based on the results of a recent performance test conducted by Tesla. Tesla’s Model 3 EVThe company, however, declined to comment on the deal, mentioning a confidentiality agreement with every client on a contract.Despite the company’s re
MobilityMay 12, 2016
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Hiroshima archive underscores aspirations for peace
More than seven decades after America's nuclear bomb fell on Hiroshima, Japan, the once-devastated city now symbolizes people's fervent aspirations for peace -- once crushed by the island country's imperialist rampage.The passage of time has yet to blot out the potent memories of the unprecedented bombing in the southwestern Japanese city as vivid photos and remains from the bombing are well kept at an archive here apparently in the hopes of preventing another reckless use of violence.Hiroshima,
Social AffairsMay 12, 2016
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[Market Now] Keystone Private Equity selected as preferred bidder for Dongbu Corp.
U.S.-based Keystone Private Equity has been selected as the preferred bidder for Dongbu Corp., news reports said Thusrday.The Korean midsized builder has been looking for a new owner since it started a debt workout program in July last year. Dongbu Group headquarters in Seoul (Yonhap)At the final bidding, Keystone Private Equity offered a bidding price that was 10 billion won higher than United Asset Management Corp.’s, which specializes in managing nonperforming loans, local reports said. The s
May 12, 2016
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PM stresses service sector to boost economy
Prime Minister Hwang Kyo-ahn called Thursday for enhancing the competitiveness of the country's service sector as part of a broader country-wide effort to prop-up the sluggish economy.The premier said that the service sector has good growth potential but has made a relatively small impact on exports. He pointed out that the local service sector's contribution to the national economy lags far behind those of the world's advanced industrialized countries. Prime Minister Hwang Kyo-ahn (Yonhap)The t
May 12, 2016
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Hyundai Heavy submits self-rescue plan to creditors
Hyundai Heavy Industries Co., a major shipyard in South Korea, has submitted a self-rescue plan to its creditors, which includes the reduction of more jobs and sales of assets, in order to tide over the deepening industrywide slump, industry sources said Thursday.According to the sources, Hyundai Heavy handed over the plan to the creditors, led by KEB-Hana Bank, earlier in the day.Local shipyards, including Daewoo Shipbuilding & Marine Engineering Co., have been pressed by their creditors and th
IndustryMay 12, 2016
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In New York festival, opera shows diverse incarnations
NEW YORK (AFP) – New York is famous for the Metropolitan Opera but the city is home to more than 50 smaller opera companies that perform everywhere from parks to bars to private homes. In a first-of-a-kind festival, an alliance of the small companies is putting on performances across New York, hoping to reach new audiences but also to cross-pollinate by showing opera aficionados the breadth of offerings across the metropolis. The New York Opera Alliance chooses not to define “opera” or to set qu
PerformanceMay 12, 2016
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Patricide suspects accuse father of abuse
The siblings being accused of murdering their 76-year-old father on Parents’ Day have spoken up about the victim’s abuse of their deceased mother. During police interrogation, the 43-year-old brother claimed that his father had sexually abused and hit his mother who had dementia and a physical disability after being in a traffic accident in 1990. The father had allegedly spent his wife’s government subsidies on another woman, and did not attend his wife’s funeral in 2009. (Yonhap)The 47-year-o
Social AffairsMay 12, 2016
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Man stabs friend for alleged backbiting
A 31-year-old man was arrested on Wednesday for the attempted murder of his friend who allegedly spoke ill of him to his girlfriend. According to Hongseong Police in the South Chungcheong Province, the man is being accused of carrying a weapon to his friend’s house and stabbing the latter in the abdomen and hand. (123RF)The man testified that he had suspected the friend to have spoken ill of him to his girlfriend and that had resulted in a fight which escalated to the stabbings. The police plan
Social AffairsMay 12, 2016
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School teacher axed for inappropriately touching colleague
A primary school teacher was dismissed from his position after inappropriately touching four female colleagues at an after-work party, Wednesday. Korean office dinners often involve heavy drinking. (Yonhap)According to the school in North Chungcheong Province, the teacher had repeated his offence by indecently touching two female teachers at a pub in September 2015 and two others at a karaoke salon in February 2016.The case was belatedly filed by a person acquainted with one of the victims. By
Social AffairsMay 12, 2016
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'The Wailing' tops box office
“The Wailing” by filmmaker Na Hong-jin topped the Korean box office on Thursday, bumping “Captain America: Civil War” to second place after two weekends in first. The thriller has attracted more than 170,000 audiences since its preopening on Wednesday night, according to the Korean Film Council. The movie, starring actors Hwang Jung-min, Kwank Do-won, Jun Kunimura and actress Chun Woo-hee, is about a series of mysterious deaths in a rural village upon the arrival of a stranger. A scene from “T
FilmMay 12, 2016
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Akdong Musician stays shrewdly innocent
In 2013, two young siblings wowed television viewers when they came on the singing audition program “K-pop Star.” The pair had been homeschooled in Mongolia while living with their missionary parents. Nothing was particularly flashy about their acoustic guitar-based tunes, but their ingenuity was refreshing to audiences. Since then, Akdong Musician has infused the K-pop scene with their own brand of whimsical music about ordinary things in life such as ramen noodles and people crossing their le
PerformanceMay 12, 2016
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Residents of water tank corpse case traumatized
Residents of the apartment complex where a dead man’s body was found in the tank they got their water from are reporting symptoms of trauma. A number of residents who preferred to remain anonymous have revealed their distress“The thought of it sickens me to the core,” one said. “I keep feeling like I’ll throw up.” Another said, “My children drank from the tap. I’m worried they may develop health problems.” (123RF)On Monday at an apartment in the city of Gumi, North Gyeongsang Province, a decompo
Social AffairsMay 12, 2016
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Increased life expectancy helps economic growth in long term
Korea's rapidly increased life expectancy has helped boost the country's economic growth by 0.4 percentage point over the past 15 years as people tend to save more, eventually leading to an increase in spending and capital stocks, a report showed Thursday.Korea's life expectancy reached 82.4 years as of 2014, an annual rise of 0.5 year on average since 2000, when the figure was 75.5, according to the report by the Korea Development Institute (KDI), a state-run think tank.Meanwhile, the average p
May 12, 2016
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Household loan growth accelerates in April
Household loans extended by local banks continued to rise at a fast clip in April, due mostly to an increase in collective loans for housing projects, central bank data showed Thursday.Outstanding household loans from local lenders came to 654.3 trillion won ($561.25 billion) as of end-April, up 5.3 trillion won from a month earlier, according to the data from the Bank of Korea (BOK).The on-month increase marked an acceleration from a 4.9 trillion-won gain in the previous month."Home-backed hous
May 12, 2016
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Korea's M2 money supply continues to grow in March
Korea's M2 money supply grew from a month earlier in March on a rise in cash flows and short-term deposits, central bank data showed Thursday.The M2 came to 2,296.8 trillion won ($1.97 trillion) as of end-March, up 0.8 percent from 2,279.1 trillion won tallied a month earlier, according to preliminary data from the Bank of Korea (BOK).M2 refers to currency in circulation, including bank debentures and deposits with a maturity of less than two years, along with stock investments. It, however, doe
May 12, 2016
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Park vows to overhaul Korea's R&D system
President Park Geun-hye vowed Thursday to innovate Korea's research and development (R&D) system, stressing the country's prowess in science and technology is the key to staying ahead of the competition. Park made the latest pledge as Korea is finding itself "sandwiched" between intense competition with advanced countries and challenges by emerging economies that have managed to bridge the technology gap to a considerable extent President Park Geun-hye (Yonhap)A weaker Japanese yen and China's
TechnologyMay 12, 2016
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[Herald Interview] Uijeongbu Music Theater Fest to open with tales of ‘The War’
To commemorate the 100th anniversary of World War I, the Chekhov International Theatre Festival unveiled in 2014 the dramatic Russian play “The War,” which pays homage to the devastation caused by combat. The play premiered at the Edinburgh International Festival and has since toured to countries including Russia, Poland, Romania, France and Portugal. Now gearing up for its Asia debut, “The War” is set to open this year’s 15th annual Uijeongbu Music Theatre Festival with performances on May 12
PerformanceMay 12, 2016
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New PyeongChang Olympics head determined to alleviate concerns over background
Newly elected head of South Korea's first Winter Olympics on Thursday, former Commerce Minister Lee Hee-beom said he's determined to alleviate concerns over his lack of background in sports.Lee was elected unanimously as the new president of the PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games (POCOG) at the committee's general assembly in Seoul. The 67-year-old replaces Cho Yang-ho, chairman of Hanjin Group, who abruptly resigned last week to concentrate on corp
Social AffairsMay 12, 2016
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Office drama 'Misaeng' to be remade in Japan
South Korean office drama "Misaeng" will be remade in Japan for a premiere date in July, its original production company said Thursday.A social commentary on elitism and sexism in South Korean companies, the tvN series captured some 8 percent of TV viewers in South Korea, a remarkable feat for a cable channel.CJ E&M, which owns the channel, said it officially signed a deal with Japan's Fuji TV on Wednesday to allow a local remake of the series.Keita Kono, who directed popular Fuji TV series "Shi
TelevisionMay 12, 2016