Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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Suicide attempts spike among youth in Korea
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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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[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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Korea, China, Japan vow to address yellow dust and climate change
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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Dollar strengthens against major peers on Fed talk
The dollar strengthened against its major peers on Thursday as fresh signs emerged that the US Federal Reserve could raise key interest rates as early as next month.Recent statements by several Fed members have boosted expectations the bank may start to take a more bullish approach than signalled last week, when it held interest rates steady."You get another strong jobs report, it looks like labour markets are improving, you could probably make a case for moving in April," said James Bullard, pr
World BusinessMarch 24, 2016
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Eric Nam comes back after three years
Korean-American singer-songwriter Eric Nam released his second mini album “Interview” at midnight on Wednesday, three years after the release of his last mini album. At the showcase for “Interview” on Wednesday, Nam explained that the word “interview” was used as a metaphor for dating, from the first meeting to getting close to each other. “The last track ‘No Comment’ depicts the end of a relationship using the format of an interview as well,” added Nam. Singer-songwriter Eric Nam performs at th
PerformanceMarch 24, 2016
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GS Caltex to build plant for biobutanol in H1
GS Caltex will begin the construction of a plant for mass-production of biobutanol, a renewable biofuel for cars that can be used as a substitute for gasoline, during the first half of this year, the Korean oil refiner said Thursday.Biobutanol is an alternative fuel produced from biomass such as sugar, starch, straw or wood. It can be used as a transportation fuel in vehicles with internal combustion engines without any additional modifications. GS Caltex engineers do research on biobutanol. (G
IndustryMarch 24, 2016
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Kakao to raise W270b through bond sale
Korean Internet giant Kakao plans to raise 270 billion won ($231 million) through bond issuance to pay off debt it borrowed to acquire the country’s top music streaming service provider Loen Entertainment, sources said Thursday. On Wednesday, Kakao issued three-year bonds worth 70 billion won in private placements with a coupon of 2.08 percent. It hopes to raise another 200 billion won through a public offering in April. The money will be used to repay 800 billion won in loans that Kakao borrowe
March 24, 2016
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Hanjin Shipping to offload assets to cut debt
Hanjin Shipping, another shipping line struggling to stay afloat amid the tides of trouble, is all out to reduce its debt through asset sales. “(Various plans) are under consideration to secure liquidity and improve finances, but nothing has been decided yet,” the company said in a filing Thursday. Among the items being eyed for sale are an office building on London’s Pepper Street and shipping terminals, including one in Korea’s southwestern port of Gwangyang, local reports said.The company is
IndustryMarch 24, 2016
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Budget hotels locked in price competition
Competition is growing among business hotel operators in Korea as they are seeking deeper price cuts and aggressive promotion to lure more foreign and budget-conscious travelers, market watchers said Thursday.Business hotels offer small rooms at about one-third the price of standard rooms available at brand suites. Some feature stylish rooms with various amenities for fashion-savvy younger clients. Shilla Stay in central Seoul (Yonhap)Many of the hotels have sprung up in Myeongdong, a downtown s
IndustryMarch 24, 2016
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Korea's seaport cargo edges down in Febuary
Cargo processed at Korean seaports edged down from a year earlier in February, due mainly to a drop in exports and imports, the government said Thursday.The country's seaports handled a combined 111.878 million tons of freight last month, down 0.4 percent from 112.272 million tons tallied a year earlier, according to the Ministry of Oceans and Fisheries.Export-import cargo, which accounted for 83.5 percent of the total, fell 2.23 percent on-year to 93.419 million tons, offsetting a 10.4 percent
March 24, 2016
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New housing permits soar 61.3% in Febuary
New housing permits in Korea jumped 61.3 percent in February from a year earlier, data showed Thursday, amid the government's efforts to prop up the local real estate market.The number of new home permits issued came to 53,723 last month, up from 33,301 a year earlier, according to the data compiled by the Ministry of Land, Infrastructure and Transport. Apartment complex in Seoul (Yonhap)January marked the 14th consecutive month of an on-year increase in new home permits.February's sharp rise is
IndustryMarch 24, 2016
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Korea calls for strong leadership to boost growth in Asia
Asia needs strong leadership to rejuvenate economic growth in the region and help pull millions of people out of poverty, Korean Finance Minister Yoo Il-ho said Thursday. In a keynote speech at the annual Boao Forum, Yoo also said Korea has focused its policy efforts in reforming the sectors of labor, finance, education and public service. Finance Minister Yoo Il-ho (Yonhap)Yoo said Asia is at a "crossroads between growth and stagnation," hit by the high proportion of people living in absolute p
March 24, 2016
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Korea, France vow to jointly tackle N.K. provocations, human rights
South Korea and France vowed Thursday to jointly tackle North Korea's provocations and human rights abuses as they marked a key anniversary in their bilateral ties.At a forum celebrating 130 years of diplomatic relations, Foreign Minister Yun Byung-se and his French counterpart, Jean-Marc Ayrault, noted the threats posed by North Korea's nuclear and missile programs, and the acute suffering of its people."North Korea, from the outset of the year, is threatening the entire world with its fourth n
Diplomatic CircuitMarch 24, 2016
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[Herald interview] Luxury shopping evolves in digital era
Businesswomen are usually so strapped for time that it is hard to fit shopping into their busy schedules. Furthermore, visiting several stores to track down the perfect trench coat for spring is often a luxury. Online luxury shopping malls, especially multi-brand stores, cater to the needs of such time-pressed professional women, making shopping convenient for them, said Michal Kliger, president of mytheresa.com, a Munich-based online multi-brand shopping website for luxury women’s fashion. “O
Arts & DesignMarch 24, 2016
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Korea's childbirths dip in January
The number of childbirths in South Korea fell for the second month in a row in January from a year earlier due to some seasonal effects, a government report showed Thursday.About 39,500 babies were born in January, down 5.7 percent, or 2,400, from 41,900 a year earlier, according to the data from Statistics Korea.The latest number marked the lowest new childbirths for any January results since 2001, when the statistical agency started to compile such data.But it is the highest in 10 months since
Social AffairsMarch 24, 2016
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HIV patient survives solely on ginseng for 30 years: research
Korean red ginseng, a medicinal plant known here as "hongsam," has been found to be effective in fighting human immunodeficiency virus (HIV) infections, a South Korean research team said Thursday, citing a local patient surviving solely on red ginseng for about 30 years.The patient was diagnosed as HIV positive in 1987. Since then, the patient has taken a dozen red ginseng capsules daily and has not used any other medication, according to a team led by Cho Young-gul, a professor at the Universit
TechnologyMarch 24, 2016
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Seoul confirms N. Korea's push to develop solid-fuel rockets
South Korea confirmed Thursday that North Korea is developing solid-fuel rockets, which would allow the country to conduct rocket launches "frequently.""North Korea appears to be in the (early) stages of developing solid-fuel rockets," Moon Sang-gyun, spokesman of the Ministry of National Defense, said during a press briefing."North Korea's switch to solid fuel means it could do (missile) launches frequently," the spokesman said.South Korea's military takes the move as a serious development and
Social AffairsMarch 24, 2016
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[팟캐스트](137) 공공 화장실 위생 문제
진행자: 이다영, Julie Jackson. 1. 공공 화장실 위생 문제 기사요약: 한국의 공공화장실을 사용하다 보면 휴지가 휴지통에 가득 쌓여 있는 모습을 자주 목격하게 된다. 화장실 안 휴지통이 악취발생, 위생에 문제를 일으킴에도, 휴지통은 사라지지 않는다. 오히려 사용한 휴지를 변기에 버리지 말라는 문구가 붙어 있는 경우가 많다. 하지만, 전문가들은 화장실용 휴지는 물에 쉽게 분해가 되기 때문에, 휴지 때문에 변기가 막힐 수 없다고 한다. 변기는 화장지가 아니라 음식물 쓰레기나 다른 큰 오염물질 때문에 막힌다고 전했다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638 Unusual problems with Korean public toilets [1] Many signs i
PodcastMarch 24, 2016
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BMW Korea to open 2nd parts distribution center in Anseong
BMW Korea said it will open a 130 billion won ($110 million) worth parts distribution center in Anseong, Gyeonggi Province, to more smoothly supply parts to BMW, Mini and Motorrad service centers here. The new facility is expected to be three times bigger than the first center BMW Korea operates in Incheon, Gyeonggi Province. BMW Korea holds a ground-breaking ceremony for its second parts distribution center in Anseong, Gyeonggi Province, Tuesday. (BMW Korea)The Korean unit of the German luxury
MobilityMarch 24, 2016
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Improved earnings forecast for refiners, chemicals firms in Q1
South Korean oil refiners and petrochemicals firms are expected to report better earnings for the first quarter of the year on the back of higher cracking margins and stronger demand, industry sources said Thursday.They said SK Innovation, the country’s top refiner, is likely to log an operating income of 547 billion won ($468 million) during the January-March period, up from 321 billion won a year earlier. SK Innovation headquarters in Seoul. (Yonhap) No. 3 player S-Oil Corp. is also expected t
IndustryMarch 24, 2016
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Has France finally reclaimed Joan of Arc's ring?
ROUEN, France (AFP) - A ring thought to belong to France's most famous historical martyr, Joan of Arc, was unveiled on Sunday at a theme park, even as historians remained sceptical about its authenticity. The Puy du Fou historical theme park in the western Vendee region spent 376,833 euros ($425,000) to buy the ring, which is thought to have been in Britain for almost six centuries, at a controversial auction last month in London. The gold-plated silver ring was dated to the 15th century by an
CultureMarch 24, 2016
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[Tech Column] Delivering more affordable, sustainable, reliable power for everyone through digital
Last month, I was in Houston, TX at IHS’s annual event CERAWeek. As usual, energy leaders from across the world gathered to talk about the challenges and opportunities ahead. The next 35 years will see the global population grow to over 9 billion people. We already have over 1 billion people without access to power, and another 2 billion without adequate access. We are even more dependent on power for our daily lives; for the development of economies, for the growth of industry and the developme
TechnologyMarch 24, 2016
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Shinhan Financial eyes fintech, global expansion
Shinhan Financial Group chairman Han Dong-woo said that it will focus on financial technology, or fintech, and global expansion this year.Chairman Han revealed the plan after his financial group revealed a net profit of 2.4 trillion won ($2.06 billion) in 2015, the highest of its kind in the domestic financial industry. The company has surpassed the 2 trillion won mark in profits for two consecutive years. Shinhan Financial Group chairman Han Dong-woo speaks at a forum in Seoul in January. (Shin
IndustryMarch 24, 2016