Most Popular
-
1
Thousands rally in Seoul to call for Yoon's resignation
-
2
Suicide attempts spike among youth in Korea
-
3
Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
-
4
FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
-
5
[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
-
6
Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
-
7
S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
-
8
4 in 10 illegal aliens entered S. Korea without visas last year: data
-
9
Korea, China, Japan vow to address yellow dust and climate change
-
10
Korean American documentary ‘Free Chol Soo Lee' wins Emmy
-
Kim Jong-un visits commercial area accompanied by wife, sister
North Korea's Kim Jong-un has visited a newly built commercial district and health complex, the North's official news agency reported Monday, in what appears to be a move to show that the leader cares about the livelihoods of ordinary people.According to a report by the Korean Central News Agency, Kim called on officials and employees at the Mirae Shop and a health complex to give good service to customers. The health complex contains bathrooms, a barber's shop, a beauty salon and other faciliti
North KoreaMarch 28, 2016
-
Carlyle among suitors for KDB Capital
U.S. private-equity giant Carlyle is among the three suitors for KDB Capital, an equipment leasing and venture capital firm 99.9 percent owned by the state-run Korea Development Bank, local reports said Monday. Also in the running are a local private equity fund set up by Seoul-based SK Securities and a nonfinancial company based in Korea. Korea Development Bank headquarters in Seoul (Yonhap)The bank is selling its entire stake in KDB Capital whose book value is around 600 billion won ($514 mil
March 28, 2016
-
Sanctioned pitcher signs with hometown club
A South Korean pitcher serving gambling-related sanctions has signed with his hometown club.The Kia Tigers in the Korea Baseball Organization announced Monday they've agreed to terms on a one-year deal with right-hander Lim Chang-yong. The deal is worth 300 million won and Lim will sign the contract once he returns from his personal training camp in Guam.The KBO slapped the All-Star closer with a half-season suspension in January after he was fined for illegal overseas gambling charges. The KBO
BaseballMarch 28, 2016
-
Korean slugger Lee Dae-ho makes Mariners‘ 25-man roster
South Korean slugger Lee Dae-ho has made the Seattle Mariners' 25-man roster, an informed baseball source told Yonhap News Agency Monday, a move that gives the 33-year-old his first big league job.The Mariners have yet to unveil their Opening Day roster. On Sunday local time, the M's said Lee had made their 40-man roster and was likely to be added to the team's 25-man roster in the coming days.According to the source, the Mariners have already informed Lee that he'd be on the 25-man roster. Lee
BaseballMarch 28, 2016
-
[Photo News] Coffee shop in a bank
COFFEE SHOP IN A BANK -- Woori Bank CEO Lee Kwang-goo (sixth from left) poses with Suk Jae-won (seventh from left), CEO of M’s Seed, the Korean operator of Australian premium coffee chain Paul Bassett, at their first collaborative shop-in-shop branch in southern Seoul on Monday. Customers can have gourmet coffee while visiting the bank, or carry out related activities in the cafe. (Woori Bank)
March 28, 2016
-
Shinsegae to open first Starfield complex in Sept.
Shinsegae to open first Starfield complex in SeptBy Won Ho-jungShinsegae Group, one of the nation’s major retail giants, plans to open a shopping complex -- the first under its new Starfield brand -- in September in Hanam, Gyeonggi Province, the group said Monday.Named personally by Shinsegae Group vice chairman Chung Yong-jin, Starfield represents Shinsegae’s vision for creating a “shopping theme park” that offers both shopping and entertainment to visitors. “Customers no longer focus only on b
IndustryMarch 28, 2016
-
Gov't cancels licenses of substandard travel agencies
South Korea has canceled the licenses of 68 tour operators that lure Chinese travelers with cheap, low-quality packages or hire unqualified guides to improve the tourism industry's competitiveness, the culture ministry said Monday. The Ministry of Culture, Sports and Tourism has conducted reviews on 170 tour agencies specializing in Chinese travelers, and revoked licenses of 40 percent of them for failing to meet the requirements. Most of them offered unreasonably cheap prices and employed unqua
Social AffairsMarch 28, 2016
-
Restriction on anti-NK leaflet launch lawful
South Korea's top court ruled that it is legitimate for the government to curb activists from sending anti-Pyongyang leaflets across the border, citing security issues, official records showed Monday. The Supreme Court in late February turned down a suit filed by Lee Min-bok, 59, seeking compensation from authorities for causing what he called "mental distress" by preventing his leaflet launch.The court said the leaflet campaign can be restricted if it threatens the safety of ordinary people, de
North KoreaMarch 28, 2016
-
Korea beat Thailand to set new shutout win record
South Korea beat Thailand 1-0 in a friendly match on Sunday to set a new national record for most consecutive shutout wins.With nearly 20,000 Thai fans packed at Suphachalasai Stadium in Bangkok, South Korea edged Thailand, thanks to an early first-half goal by striker Suk Hyun-jun. South Korea have now posted eight clean-sheet wins in a row, breaking the previous record of seven set in 1978 and matched in 1989.For the last eight matches, South Korea, coached by Uli Stielike, have scored 26 goal
SoccerMarch 28, 2016
-
Greece, Korea mark silver jubilee
By Dionisios Sourvanos, Greek ambassador to Korea The Greek War of Independence started on March 25, 1821, leading to the internationally recognized birth of the modern Greek state in 1830. This year, Greece celebrates the 195th anniversary of the war against the Ottoman rule and its 186th anniversary of independence. Greece and Korea have enjoyed long friendship and cooperation through our common struggle for peace and democracy. Most importantly, the two countries forged an unbreakable fratern
Foreign AffairsMarch 27, 2016
-
French innovation hub launched in Seoul
France, which has Europe’s second-largest venture capital ecosystem, launched a start-up incubator called French Tech Hub Seoul last week to bolster partnerships with small and medium-sized Korean enterprises in high-tech industries. A key part of the France-Korea Year 2015-16 celebrations marking the 130th anniversary of diplomatic relations, the platform will bring together venture companies in the information communications technology, financial technology and electronic commerce, as well as
Foreign AffairsMarch 27, 2016
-
Belgium charges 2nd suspect linked to foiled French attack: prosecutor
Belgium has charged a second man linked to a foiled French attack with involvement in a terrorist group, the federal prosecutor said Sunday, as the investigation into Belgium's worst ever terrorist attacks continued. The prosecutor named the suspect as Abderamane A. who police shot in the leg after a stand-off at a tram-stop Friday in the Schaerbeek district of Brussels. The Belgian authorities on Saturday had charged another suspect Rabah N. with the same offence in connection with the ar
World NewsMarch 27, 2016
-
[Newsmaker] Sanders trounces Clinton in three US states
Bernie Sanders made a clean sweep of Democratic election contests in Alaska, Hawaii and Washington, although he barely dented the formidable lead enjoyed by frontrunner Hillary Clinton in the battle for the party's presidential nomination.US news networks showed Sanders winning by wide margins Saturday's caucus votes in all three western states. Democratic presidential candidate Bernie Sanders speaks during a rally at Safeco Field in Seattle on March 25, 2016. (AFP-Yonhap)In Washington -- the bi
World NewsMarch 27, 2016
-
[ELECTION 2016] Korea readies for election with advanced balloting system
South Korea will elect new National Assembly members in a general election on April 13. The Korea Herald is publishing a series of articles on candidate agendas, election trends and notable runners leading up to the race. This is the ninth installment. --Ed At the April 13 general election, voters here will see a significant change in the balloting process, with an improved system to guarantee reliability and accuracy. The National Election Committee announced that it would be implementing new
PoliticsMarch 27, 2016
-
Magnitude 3.0 earthquake hits N. Korea
A 3.0-magnitude earthquake believed to have occurred naturally struck North Korea on Sunday, South Korea's weather agency said.The quake was detected at 6.28 p.m. some 12km southeast of Pyongsong, South Pyongan Province, in central North Korea, the Korea Meteorological Administration (KMA) said.Considering the shape and amplitude of the tremor, it doesn't seem to have been caused artificially, the KMA added. (Yonhap)
North KoreaMarch 27, 2016
-
Pakistan celebrates commercial ties with Korea
The Pakistani Embassy marked the 76th anniversary of the nation’s constitution as well as growing commerce with Korea at a reception last week. The National Day on March 23 celebrates the adoption of a resolution in 1940 that later created an independent homeland for the Muslims of India. “Under the dynamic leadership of Quaid-e-Azam Muhammad Ali Jinnah, the founder of Pakistan, our forefathers gave invaluable sacrifices that eventually led to the creation of Pakistan on Aug. 14, 1947,” Pakis
Foreign AffairsMarch 27, 2016
-
Tunisia commemorates independence, democracy
The Tunisian Embassy last week celebrated the 60th anniversary of the country’s independence from France and the start of an institutional democracy following the 2011 Jasmine Revolution. “On 20th March 1956, our country retrieved freedom and sovereignty and set up the foundation of a modern republican state,” Tunisian Ambassador Mohamed Ali Nafti said in a speech at a reception at Lotte Hotel on March 21. “The January 2011 Revolution ushered in a new era of hope for a better future, where digni
Foreign AffairsMarch 27, 2016
-
Calls for new stimulus grow as growth outlook darkens
Calls are growing for Korea to take bolder steps to support the economy, after a string of recent economic data indicated that Asia’s fourth-largest economy may be in for a rougher than expected ride this year. Private experts, increasingly doubtful of the government-projected recovery path for the economy, are slashing their forecasts for Korea’s economic growth in 2016. Local think tanks and foreign investment banks now predict that the economy, as measured by gross domestic product, will grow
March 27, 2016
-
Parties adjust leadership for election campaign
With mere days left to the official election campaign period, mainstream parties are poised to elect this week the interim leadership tasked with spearheading the race leading to the April 13 parliamentary polls. The ruling Saenuri Party and The Minjoo Party of Korea, both of which have been marred by factional strife over the candidate nominations, scrambled to win sufficient parliamentary seats and seize political momentum until the 2017 presidential race. The Saenuri Party plans to announ
PoliticsMarch 27, 2016
-
Department store sales inch upward after two-year slump
Department stores saw rising sales early this year after two years of stagnant growth, according to department store data Sunday.Hyundai Department Store announced that it had posted 4.6 percent on-year growth in sales over the first three months of the year, while Lotte Department Store‘s sales grew 4.2 percent on-year.(123rf)The unusual increase in sales in the early months is partly due to the late surge in winter fashion revenue brought on by a late winter, according to industry watchers.Sal
IndustryMarch 27, 2016