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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Online sales jump 21% in March
Online shopping sales in Korea jumped 21 percent in March from a year earlier on robust sales of clothes and electronic devices, a government report showed Monday.Total online transactions reached 5.2 trillion won ($4.5 billion) in the third month of 2016, compared with 4.3 trillion won a year earlier, according to the report compiled by Statistics Korea.The March tally also marks a 10 percent rise from a month earlier, a turnaround from a 10 percent on-month drop in February.Purchases made thro
IndustryMay 2, 2016
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Art against the system
Chinese artist Liu Wei has been at the center of controversy in the Chinese contemporary art world. In 1999, he and fellow artists put up a radical exhibition that displayed a dead fetus on an ice bed, with human and animal parts hanging from the ceiling. Liu also presented a video installation showing naked people crawling on the floor like bugs.Liu Wei poses in front of “Merely a Mistake.” (Plateau) The exhibition prompted the Chinese government to enforce a legal ban on “bloody, brutal disp
PerformanceMay 2, 2016
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Salonen, a conductor in demand, eyes more time to compose
NEW YORK (AFP) - As one of the leading lights in contemporary classical music, Esa-Pekka Salonen is in an enviable position where he can pick and choose at will. The 57-year-old Finn is in New York conducting the Metropolitan Opera’s triumphant production of “Elektra,” the challenging Strauss work that Salonen said had figured on a list he jotted down in his 20s of operas he hoped to perform. But Salonen, who led the Los Angeles Philharmonic for 17 years, during which he was hailed for putting t
PerformanceMay 2, 2016
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Family Guy creator to sing with Boston Pops opening night
BOSTON (AP) -- Family Guy creator Seth MacFarlane is helping the Boston Pops kick off its spring concert series. The 42-year-old actor and filmmaker will be the orchestra's opening night guest on Friday. He’ll be singing a selection of popular songs from the 1940s and 1950s, according to the ensemble. The New England native is no stranger to the orchestra: He also appeared with them over the summer. MacFarlane was born in Kent, Connecticut, and graduated from the Rhode Island School of Design in
PerformanceMay 2, 2016
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8 out of 10 Korean-Americans express need for Korean unification: poll
More than eight out of 10 Koreans living in the United States expressed a need for the unification of the divided Korean Peninsula, a survey showed Monday.According to a poll by the Overseas Koreans Foundation carried out on 676 Korean-Americans, 81.5 percent of them expressed the need for Korean unification, while 15.8 percent said unification is not necessary. Only 2.7 percent said they are not interested in reunification.The foundation is a South Korean government agency tasked with supportin
North KoreaMay 2, 2016
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S. Korea holds cooking event for Iranians
South Korea hosted a cooking event in Tehran over the weekend to give Iranians a rare chance to savor the taste of some of Korea's most popular foods, as the Asian country stepped up its foray into one of the world's least-tapped markets, organizers said Monday. Hosted by the state-run Korea Agro-Fisheries and Food Trade Corporation on Sunday, the "K-Food Cooking Class" was attended by100 Iranians. The participants were selected among more than 350 applicants, organizers said.At the event Irani
FoodMay 2, 2016
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Park to meet with Rouhani, supreme leader
South Korean President Park Geun-hye is to hold talks with her Iranian counterpart, Hassan Rouhani, on Monday, a historic meeting that could set the tone for relations between the two countries.It will be the first summit between the leaders of the two countries since the establishment of bilateral diplomatic relations in 1962.South Korea is seeking to tap into business opportunities in Iran, which has emerged as a promising market following the lifting of international sanctions earlier this ye
Foreign AffairsMay 2, 2016
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[Market Now] GS Retail to sell real estate
GS Retail, a listed operator of convenience stores, said that it will retain advisors for the sale of real estate holdings owned by its project financing vehicle subsidiary KOCREF G.Square next week.The retail giant of GS Group said that it will disclose the details after a sales advisor is selected and plans are finalized for liquidation of the real estate.The company did not disclose as to why and which properties it was selling.However, news reported that GS Retail has been suffering losses o
May 2, 2016
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China not invited to N. Korea's rare party congress: source
China appears to have not been invited to a rare congress of North Korea's ruling party, a diplomatic source said Monday, reinforcing speculation that Beijing is unlikely to send a delegation to Pyongyang. The first party congress in 36 years, which will start on Friday, is expected to display the North Korean regime's unity toward leader Kim Jong-un. "There have been no signs that the Chinese government is preparing to send its delegation to the North Korean party congress," the diplomatic sour
World NewsMay 2, 2016
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BOK softens stance on role in corporate restructuring
Monetary and fiscal policymakers here have been out of step on how to finance restructuring debt-laden companies that are weighing on Korea’s economy.It may not be unusual for them to hold different views. But their prolonged discord risks derailing the urgent task of corporate restructuring.BOK Governor Lee Ju-yeol. YonhapMoreover, central bankers and government policymakers have recently sent inconsistent signals, partly influenced by the changing political climate.BOK officials have changed w
May 2, 2016
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Ex-vice-chief of KT&G gets reduced jail term for bribery at appeals court
An appeals court has handed down a reduced jail term to a former vice-president of South Korea's largest tobacco maker for receiving kickbacks from a company subcontractor, court records showed Monday.The defendant, identified only by his surname Lee, was sentenced to 18 months in prison on charges of receiving hundreds of millions of won from a local cigarette pack maker. The court also ordered Lee, 61, to forfeit some 325 million won he received.The former vice-president of KT&G was indicted
Social AffairsMay 2, 2016
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Low-level activity continues at N. Korea's nuclear test site: 38 North
The latest commercial satellite imagery shows continued low-level activity at North Korea's nuclear test site, a U.S. website monitoring the communist nation said Sunday, amid concern Pyongyang could conduct its fifth nuclear test in the coming days.Based on the April 28 imagery of the North's Punggye-ri test site, however, it is not possible to determine whether these activities are related to continued maintenance or reflect that Pyongyang has completed test preparations and a detonation is im
North KoreaMay 2, 2016
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Trump willing to strengthen alliances: foreign policy adviser
U.S. Republican presidential front-runner Donald Trump is willing to strengthen relations with allies, even though he will seek to have them pay more for American defense support, a foreign policy adviser was quoted as saying Sunday.Walid Phares, an expert on terrorism and Middle Eastern affairs who served as a foreign affairs adviser for former Republican presidential candidate Mitt Romney, made the remark in an interview with the Jiji Press, according to the Japan Times.Trump "would like to st
World NewsMay 2, 2016
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Twins' Park Byung-ho records first hit with men in scoring position
Park Byung-ho of the Minnesota Twins got his first hit with a runner in scoring position Sunday at home against the Detroit Tigers.Park went 1-for-3 with an RBI and a walk, as the Twins lost 6-5 at Target Field.Park drove in his one run of the game with two outs and men at first and second in the bottom of the first. Park hit a single to right off Mike Pelfrey to drive in Joe Mauer from second, giving the Twins a 1-0 lead.Park had gone 0-for-15 with men in scoring position prior to this game. He
BaseballMay 2, 2016
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Jenny Shin captures 1st LPGA win in Texas
South Korean golfer Jenny Shin captured her maiden LPGA Tour win in Texas on Sunday.Shin had a bogey-free final round of four-under 67 at the Volunteers of America Texas Shootout in Irving, Texas, for a four-round total of 14-under 270.Shin beat out two fellow South Koreans, Hur Mi-jung and Amy Yang, by two strokes to take home US$195,000 in the winner's check.Shin, who joined the tour in 2011, had gone winless in 131 starts before this one.Shin began the day trailing overnight leader Gerina Pil
GolfMay 2, 2016
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Number of Korean students in U.S. falls 7.8 percent
The number of South Korean students studying in the United States fell about 8 percent in March on-year, U.S. government data showed.According to the Immigration and Customs Enforcement data, Korean students with either F-1 or M-1 visas totaled 78,489 in March, a 7.8 percent drop from last year.Korean students accounted for 6.6 percent of all foreign students in the U.S., and were the third-largest group after China's 353,069 students and India's 194,438 students, the data showed.Japanese studen
Social AffairsMay 2, 2016
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AmorePacific net profit jumps 33 percent in Q1
Korea’s top cosmetics maker AmorePacific said Monday its first-quarter earnings jumped 33.1 percent on-year, mainly on the back of solid overseas performance. Net profit came to 325 billion won ($284 million) on a consolidated basis, compared with a profit of 244 billion won a year earlier, the company said in a regulatory filing.Operating income rose 31 percent on-year to 419 billion won, while sales gained 22 percent to 1.75 trillion won.In particular, overseas sales grew 46 percent. “The over
IndustryMay 2, 2016
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Seoul shares open lower on autos, shipbuilders
South Korean share prices started lower on Monday on losses from carmakers and shipbuilders.The benchmark Korea Composite Stock Price Index fell 8.19 points, or 0.41 percent, to 1,985.96 in the first 15 minutes of trading.Traders monitor South Korean share prices at a local bank. (Yonhap)Industry heavyweights such as Hyundai Motor and Hyundai Heavy Industries were trading lower in mid-morning, along with Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering. (khnews@heraldcorp.co
May 2, 2016
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Loss-making shipyards moving to cut workforces, sell assets
Loss-making South Korean shipyards, facing growing pressure from their creditors to cut costs amid an industrywide slump, are expected to ratchet up moves to cut their workforces and sell noncore assets, industry sources said Monday.Last month, the government picked five sectors to put under intensive restructuring as their bad performance has been a drag on Asia's fourth-largest economy.The Financial Services Commission, the country's financial watchdog, has demanded local shipyards ramp up sel
IndustryMay 2, 2016
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ASEAN, Korea share beauty know-how
The ASEAN-Korea Center organized a workshop last week to help enhance the presence of Korean cosmetics firms in Southeast Asia and share knowledge and experience with regional companies. The event -- “ASEAN-Korea technology cooperation seminar” – was attended by 18 representatives from both the private and public sectors of nine countries. During the five-day event, which was jointly organized by the Korea Cosmetics Association, participants shared knowledge and experience of Korean firms, parti
Foreign AffairsMay 2, 2016