Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Suicide attempts spike among youth in Korea
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Trade ministers of S. Korea, China hold talks in Beijing
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Korea, China, Japan vow to address yellow dust and climate change
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Sulwhasoo opens first flagship store in Gangnam
Korean traditional herbal cosmetics brand Sulwhasoo opened a new flagship store in the luxury shopping district near Dosan Park in Gangnam-gu on Wednesday, aiming to cement its position as Asia’s flagship high-end cosmetics brand. The leading skin care brand, owned by AmorePacific, set a milestone last year by becoming the first-ever homegrown cosmetics brand to singlehandedly post more than 1 trillion won ($860 million) in annual sales.Sulwhasoo's new flagship store in Gangnam (Sulwhasoo)Sulwha
IndustryMarch 30, 2016
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Egypt plane drama ends
An Egyptian man who hijacked an EgyptAir plane during a routine domestic flight to Cairo and forced it to land on the island of Cyprus on Tuesday has surrendered and was taken into custody after he released all the passengers and crew.An EgyptAir Airbus A-320 sits on the tarmac of Larnaca airport after it was hijacked and diverted to Cyprus on March 29, 2016. (AFP-Yonhap)His surrender ended an hours-long drama and standoff at the Larnaca airport in southern Cyprus. The hijacker had earlier freed
World NewsMarch 29, 2016
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EgyptAir hijacker arrested: Cyprus officials
NICOSIA (AFP) – A hijacker who seized an Egyptian airliner and forced it to land in Cyprus has been detained, officials said on Tuesday."The hijacker has just been arrested," Cypriot government spokesman Nicos Christodoulides said on Twitter, without providing further details.A man emerged from the aircraft and then walked across the tarmac with his hands up to two awaiting counter-terrorism police officers, an AFP correspondent reported.They laid him on the ground and searched him for around tw
World NewsMarch 29, 2016
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Japan's PM defends new security laws as protesters denounce them
TOKYO (AFP) – Japanese Prime Minister Shinzo Abe said that new security laws that took effect Tuesday will strengthen Tokyo's ability to defend itself amid increasing threats as opponents took to the streets to say they risk hurling the country into war.Legislators in September passed the bills into law, a shift that could see Japanese troops fight abroad for the first time since the end of World War II.The approval was a milestone in Japan, where a constitution imposed by the United States afte
World NewsMarch 29, 2016
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Mercedes-Benz Korea slapped with W50b in additional corporate tax: report
Tax authorities in Seoul have slapped Mercedes-Benz Korea with an additional corporate tax of 50.1 billion won (about $43 million), according to a local news report on Tuesday.Citing unnamed industry sources, Yonhap News reported that the National Tax Service notified the German carmaker’s Korean unit of its decision to impose the additional tax after its recent tax investigation into the company.In response, the carmaker has requested a review of the legality of the imposition before taxation,
MobilityMarch 29, 2016
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[Newsmaker] FBI hacks iPhone, drops case
The FBI has unlocked the iPhone used by one of the San Bernardino attackers, officials said Monday, ending a heated legal standoff with Apple that had pitted U.S. authorities against Silicon Valley.Apple, backed by a broad coalition of technology giants like Google and Facebook, was fiercely opposed to assisting the U.S. government in unlocking the iPhone on grounds it would have wide-reaching implications on digital security and privacy.This Feb. 23, 2016, file photo shows a New York police off
World BusinessMarch 29, 2016
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Egyptian plane hijacked, forced to land in Cyrus
LARNACA, Cyprus (AFP) - A hijacker seized an Egyptian airliner on Tuesday and diverted it to Cyprus, before releasing all the passengers except four foreigners and the crew, officials and the airline said.Cyprus state radio said the man was demanding asylum in the Mediterranean island nation.The man, who is not Egyptian, asked for a translator to press his demand, it added, without providing further details.A passenger leaves a hijacked EgyptAir aircraft after landing at Larnaca Airport in Cypru
World NewsMarch 29, 2016
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North Korea fires short-range missile into East Sea
North Korea on Tuesday fired a short-range missile into the East Sea in another show of force, the South’s military said. The projectile took off at around 5:40 p.m. from the eastern coastal city of Wonsan and flew some 200 kilometers toward the northeastern inland areas, the Joint Chiefs of Staff said. A picture released by North Korea’s main newspaper Rodong Shinmun on March 11, claiming the short-range ballistic missile launch test. (Yonhap) “Our military maintains tight readiness posture wh
North KoreaMarch 29, 2016
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[Graphic News] Korean card issuers’ 2015 net profit fell
Korean credit card firms saw their combined net profits shrink last year from a year earlier, marking the first fall in three years, as they spent more on services to attract customers amid tougher competition, data showed Wednesday.Eight credit card issuers posted combined profits of 2.158 trillion won ($1.86 billion) in 2015, down 7.5 percent from 2.178 trillion won the previous year, according to data from the Financial Supervisory Service.Despite an increase in revenue from interest rate cha
March 29, 2016
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Hanmi Science buys $10m land in China to build new facilities
Hanmi Science, the holding company of South Korean pharmaceutical company Hanmi Pharmaceutical, on Tuesday said it has purchased roughly 200,000 square meters of land in Yantai, China, for about $10 million for the construction of its new facilities. Hanmi Group plans to incrementally inject $200 million until 2026 into building new facilities for the production of biologic and chemical drugs and health supplements, as well as a research and development center for new drug development on the si
IndustryMarch 29, 2016
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[Hallyu power] Getting to know Dean: Musician, storyteller, rebel at heart
When asked what kind of music he wants to make, instead of naming a genre, Dean described how he hopes people feel when they hear his songs. “When you listen to Amy Winehouse, you feel like you’re getting to know her,” he said, referring to the late British soul singer who lived an infamously turbulent life before her early death in 2011. Dean talks to reporters before the showcase for his album “130 mood: TRBL” on March 23 in Gangnam-gu, Seoul. (Yoon Byung-chan/The Korea Herald) “Her life, that
PerformanceMarch 29, 2016
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Creditors roll over debts for cash-strapped Hyundai Merchant Marine
Creditors, led by the state-run Korea Development Bank, decided Tuesday to give some breathing room for cash-strapped shipping company Hyundai Merchant Marine, by rolling over debts.A week ago, Korea’s No. 2 shipping operator sought the approval of its creditors for self-rescue measures to tide over its liquidity crunch.“Creditors decided to give a three-month maturity extension of principal and interest starting from March 29 and to select an outside institution to normalize management,” the KD
March 29, 2016
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Samsung Life Insurance to move headquarters to Seocho
Samsung Life Insurance will relocate its headquarters in July to a corporate building in Seocho-gu, southern Seoul, following Samsung Electronics’ move to Suwon, Gyeonggi Province. The decision made by the country’s top life insurer will put an end to its 32-year stay in the firm’s signature structure on Taepyeong-ro in the center of the city.The move comes amid a broader effort by Samsung Electronics to cut corporate costs and boost efficiency as major divisions of the tech giant moved from the
March 29, 2016
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[Editorial] League of ex-convicts
One of the many weird, yet unavoidable things in Korean politics is that many people with dubious pasts and low ethical standards are allowed to seek elected office. One need look no further than the candidates for the April 13 parliamentary election, in which 1,102 candidates are running -- 944 for 253 constituency seats and 158 for 47 seats allotted for proportional representation. Of the total, 38 percent have at least one count of criminal record. This ratio goes up to 41 percent for those
EditorialMarch 29, 2016
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[Editorial] Unrequited love
The Minjoo Party of Korea, the country’s main opposition party, looks like a man who is still carrying a torch for his estranged lover. Moon Jae-in, the party’s former leader, was one of its most recent members to express his abiding love for the People’s Party. Moon said that alliance between the two parties was “absolutely necessary” if they were to reap good results in the April 13 general election. Kim Hong-gul, a son of the late president Kim Dae-jung, joined Moon and other Minjoo members i
EditorialMarch 29, 2016
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Plateau Museum to close in August
Plateau Museum, one of the three art museums run by the Samsung Foundation of Culture, will shut down permanently when its upcoming exhibition by Chinese artist Liu Wei closes in August. The museum has to vacate the space, located on the first floor of the Samsung Life Insurance Co. headquarters, as the building was sold to local construction company Booyoung in January. Samsung sold the 25-story, 87,000-square-meter building to the construction firm for some 500 billion won ($430 million) in
PerformanceMarch 29, 2016
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Boy band BTOB returns with ballad, is eager to sing
Seven-member boy band BTOB has returned once more with a collection of mellow ballads in the group’s eighth mini-album, released Monday, treading a path slightly different from that of your average, dance-focused K-pop boy band.The title track “Remember That” seeks to bring calmness and solace to listeners in light of the upcoming spring season, the BTOB members told reporters in a group interview Monday. A promotional photo for boy band BTOB’s “Remember That” (Cube Entertainment)“(The title tra
PerformanceMarch 29, 2016
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Chief of state diplomatic academy raises need for effective nuclear doctrine
The chief of a state-run diplomatic academy has raised the need for South Korea and the U.S. to explore effective nuclear doctrine, including a preemptive "first use" approach, to cope with the escalating nuclear threats from North Korea.In a report issued by the Institute of Foreign Affairs and National Security under the Korea National Diplomatic Academy, Chancellor Yun Duk-min said that the allies need to review Cold War-era nuclear doctrine to find one suitable for the defense of the South.P
DefenseMarch 29, 2016
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Korea checking if nationals aboard hijacked Egypt plane
South Korea said Tuesday it is checking whether any of its nationals were aboard the EgyptAir flight that was forced to land in Cyprus after being hijacked.The Airbus A320 carrying 81 people was en route to Cairo from Alexandria, Egypt, when a passenger reportedly wearing an explosive belt forced the plane to land in Larnaca, Cyprus."The Foreign Ministry is checking through the South Korean embassies in Egypt and Greece whether any of our nationals were aboard the plane," the ministry said in a
Social AffairsMarch 29, 2016
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[Photo News] Starbucks start-up cafe
STARBUCKS START-UP CAFE — Minister of Science, ICT and Future Planning Choi Yang-ho (second from right), Starbucks Coffee Korea CEO Lee Seock-koo (third from right) and young entrepreneurs take part in a ceremony to mark the second season of the “Starbucks Cafe” program led by Starbucks and the ministry. As part of the program — aimed at revitalizing the local start-up community — four Starbucks branches located near universities will host business consulting services, networking meetings and a
IndustryMarch 29, 2016