Most Popular
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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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Most teen sex offenders get away with slap on wrist
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Ex-Trump official calls for S. Korea to raise defense spending to 3 or 3.5% of GDP
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Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
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Same-sex couple denied insurance clearance despite landmark ruling
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Panmunjom tours for select Korean nationals may resume in October
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Young Poong says no better offer for Korea Zinc
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Korea's first global webtoon festival lights up Seongsu-dong
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Passenger flights up 12.4% in Q1
The number of domestic and international flight passengers in Korea reached over 24 million in the first quarter this year, continuing a steady increases since 2013, data showed Tuesday.According to the Transport Ministry, international and domestic flyers grew by 13.2 percent and 10.4 percent, respectively. Korea saw 17.6 million international passengers in the first quarter. Incheon Interntional Airport (Yonhap)The ministry attributed this growth to the growth of low-cost carriers and fuel sur
IndustryMay 3, 2016
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Biz organization urges local services firms to look at China
Korea's corporate organization in a report Tuesday recommended that local services firms find growth outlets in China, laying out four specific strategies to improve their chances of success.The Korea Chamber of Commerce and Industry (KCCI) advised Korean companies to look closely into Chinese markets for children, the aging generation, the rich and broadcasting content to land strong in a country with an economy being reshaped around the services industry that has been growing at an annual rat
May 3, 2016
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Artist Eliasson plans gigantic fountain for Versailles
PARIS (AFP) -- Danish artist Olafur Eliasson, who wowed New Yorkers with his 10-story urban waterfalls and Londoners with his giant trippy sunset at Tate Modern, said Monday he wanted to “make dreams come true” with his latest project in France. He plans to follow Anish Kapoor’s controversial “Queen’s vagina” sculpture at the Palace of Versailles outside Paris with “an incredibly high” fountain in its gardens. But he refused to say how big the jet of water which will be shot from the top of the
PerformanceMay 3, 2016
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Exports of Korean washers nearly triple in Australia, New Zealand
Exports of Korea-made washing machines nearly tripled in Australia and New Zealand for the first three months of the year on the implementation of free trade pacts with the countries, customs data showed Tuesday.Shipments of washers to the two Oceanian nations reached a combined $6.17 million over the January-March period, up from $2.23 million a year earlier, according to the data compiled by the Korea Customs Service.Over the cited period, Korea's washing machine exports fell 3.4 percent on-ye
May 3, 2016
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FBI returns to home of man linked to $500m Boston art heist
HARTFORD, Connecticut (AP) -- Federal authorities returned on Monday to search the Connecticut property of a reputed mobster suspecting of having knowledge about the largest art heist in U.S. history. FBI agents went to the Manchester home of Robert Gentile. It wasn’t immediately clear why they were there. Agents sent up a small tent in the front yard. Federal prosecutors believe the 79-year-old Gentile knows about the still-unsolved 1990 theft at the Isabella Stewart Gardner Museum in Boston. T
PerformanceMay 3, 2016
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Seoul says it takes time to launch funds for corporate restructuring
Korea's finance minister said Monday that it will take time to decide the exact amount of bailout funds needed for corporate restructuring in Asia's fourth-largest economy.Talks of corporate restructuring funds have been making headlines in Korea as the government is pushing to restructure loss-making shipbuilding and shipping industries, among others, which have been a drag on the Korean economy struggling with slumping domestic demand and faltering exports. Finance Minister Yoo Il-ho (second f
May 3, 2016
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[Herald Review] Long-lost granddaughter returns in ‘Canola’
“Canola” is a genuinely moving film. It is refreshingly simple. It employs no gimmicks and focuses on delivering an original story about the bond between a grandparent and a grandchild. The film is set on the idyllic coast of Jejudo Island, where a young girl Hye-ji lives with her grandmother, Gye-choon, played by Youn Yuh-jung. A female diver, Gye-choon makes a modest living by selling the clams and fish she catches, and provides for her granddaughter, whose parents’ whereabouts are unknown. H
FilmMay 3, 2016
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Cosmo editor Joanna Coles writing guide to modern love
NEW YORK (AP) -- Cosmopolitan editor in chief Joanna Coles is working on a “no-nonsense” guide to some very old subjects in a very new world: sex and intimacy. Harper, an imprint of HarperCollins Publishers, told the Associated Press on Monday that it plans to release a book by Coles in 2018. The book currently is untitled. According to Harper, Coles will take on what she considers a “new sexual revolution” and offer advice for how to find “sustaining love” when all the rules have changed. “As t
BooksMay 3, 2016
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Met fashion exhibit explores dialogue between hand, machine
NEW YORK (AP) -- For decades, argues Andrew Bolton, the star curator of blockbuster fashion exhibits at the Metropolitan Museum of Art, we’ve all been looking at fashion through a flawed prism. We’ve assumed, he says, that hand-made garments are better, purer, fancier, more luxurious. And that machine-made garments are inherently inferior, even mediocre. We’re wrong, Bolton says, and his new Met exhibit opening this week, “Manus x Machina: Fashion in an Age of Technology,” seeks to prove that t
Arts & DesignMay 3, 2016
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Park, Khamenei reach consensus on boosting ties
South Korean President Park Geun-hye and Iran's supreme leader, Ayatollah Ali Khamenei, have forged a consensus on boosting bilateral relations, a South Korean official said Tuesday. Park proposed that Seoul and Iran pursue mutual cooperation in various fields and expand cultural and personnel exchanges between the two countries, said Kim Kyou-hyun, senior presidential secretary for foreign affairs."Park’s meeting with Khamenei has served as an occasion to form relations with the top leader and
Foreign AffairsMay 3, 2016
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U.S. soldier rescues women and children from fire
A U.S. airman rescued six people including three children from a burning building in Osan, Gyeonggi Province, Saturday, by rallying the public to hold up a blanket for the trapped occupants to jump onto. (Facebook capture)Master Sgt. Daniel Raimondo, upon seeing the burning building outside Osan Airbase, urged the people on the street to help hold a blanket while convincing the three mothers to throw their babies and then themselves from the fourth floor window.A video of the rescue was posted o
Social AffairsMay 3, 2016
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SK Telecom to export IoT solutions to Iran
Korea’s largest telecom carrier SK Telecom said Tuesday it has agreed with the Iranian government and energy companies to export its infrastructure management solutions based on the Internet of Things technology. The agreement came as the largest-ever economic delegation from Korea visited Iran to celebrate the landmark summit talks between President Park Geun-hye and her Iranian counterpart Hassan Rouhani. SK Telecom CEO Jang Dong-hyun (left) and Iran’s Deputy Energy Minister Houshang Falahatia
TechnologyMay 3, 2016
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POSCO Energy to cut jobs amid mounting loss
POSCO Energy, a key affiliate of steelmaking giant POSCO Group, is set to cut its workforce via a voluntary layoff program early this month, targeting the fuel cell business that is considered its future growth engine, an industry source told The Korea Herald.The nation’s largest private natural gas power generator has suffered from dwindling profits for the past few years, affected by the continued fall in its LNG power plant operation rate. “With the approval of POSCO management, the energy ar
IndustryMay 3, 2016
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Mass defection of N.K. restaurant workers shows China's frustration with Pyongyang: U.S. envoy
The recent mass defection of 13 North Koreans working at a restaurant in China shows Beijing considers relations with South Korea important and is increasingly frustrated with the North, the U.S. human rights envoy on the North said Monday.Amb. Robert King, special envoy for North Korean human rights, made the remark during a Center for Strategic and International Studies discussion, calling for continued pressure on Beijing to recognize refugees fleeing from hunger and oppression in the North."
North KoreaMay 3, 2016
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U.S. senator close to Trump expresses negative views of Korea-U.S. FTA
A U.S. senator, considered a key foreign policy adviser for Republican presidential front-runner Donald Trump, has expressed negative views of the Korea-U.S. free trade agreement, saying the deal brought no benefits to the U.S.Sen. Jeff Sessions (R-AL) made the remark during a Senate plenary meeting last week, arguing that the Trans Pacific Partnership (TPP), a free trade agreement among 12 Asia-Pacific nations awaiting congressional approval, will be bad for the U.S. just like the deal with Kor
Foreign AffairsMay 3, 2016
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Park becomes publicist-in-chief for Korean culture in Iran
President Park Geun-hye has become publicist-in-chief for South Korean culture in Iran on the second day of her state visit.She watched the display of South Korean culture at the Milad Tower in Tehran after two separate meetings with Iran's supreme leader, Ayatollah Ali Khamenei, and Iranian President Hassan Rouhani.The event, called K-culture, featured South Korea’s traditional dishes, known as “hanshik,” and Korean traditional dress, known as “hanbok,” and "hanji," the traditional Korean paper
Foreign AffairsMay 3, 2016
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KOSDAQ 'Rising Stars' suffer stock price decline
Leading companies listed on the tech-heavy KOSDAQ market have performed poorly in the past 12 months compared with other listed firms, the main bourse operator said Tuesday. For the year ended May 2, the 28 companies designated as "Rising Stars" last year by the Korea Exchange (KRX) for their advanced technologies and growth potential in global markets suffered a decline of 1.89 percent in their stock prices, the KRX said in a statement. The poor performances contrasted with a 0.18 percent gain
May 3, 2016
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Korea's land prices edge up in Q1
Korea's average land prices continued its upbeat trend in the first quarter of this year amid government efforts to boost the local property market, data showed Tuesday.The average land price for the country's 17 major cities and provinces rose 0.56 percent during the January-March period, accelerating from a 0.48 percent on-year gain for the same period last year, according to the data compiled by the Ministry of Land, Infrastructure and Transportation. Sejong City (Yonhap)The first-quarter jum
May 3, 2016
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Korea's consumer prices gain 1% in April
Korea's consumer prices grew by more than 1 percent for the third consecutive month in April, government data showed Tuesday.The country's consumer price index rose 1 percent last month from a year earlier, according to the data compiled by Statistics Korea.It is the first time in 17 months that the index has stayed above the 1 percent level for three straight months.The figure had remained less than 1 percent throughout last year except in November and December.Core inflation, which excludes vo
May 3, 2016
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Local retailers receptive to joint compensation for victims of humidifier sterilizers
Local discount chains that had sold toxic humidifier sterilizers indicated Tuesday they will work with Oxy Reckitt Benckiser, the maker of the product that caused the greatest harm, to compensate the victims.Ata Safdar, CEO of Reckitt Benckiser Korea, apologized on Monday for selling the deadly sterilizers and proposed that other makers of similar products, namely discount chains Lotte Mart and Homeplus, work with the company on joint compensation. Officials of the two retailers said they would
Social AffairsMay 3, 2016