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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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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Immigration policy must go beyond labor supply: experts
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Opposition mulls delay of financial investment income tax
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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N. Korea demands Seoul's apology, compensation for boat collision
North Korea on Monday belatedly called on the South Korean government to apologize and pay compensation for a boat collision that occurred last October.North Korea had previously claimed that a South Korean vessel deliberately slammed into North Korean fishing boat Turubong-3 in the East Sea on Oct. 1, resulting in property damage and the injury of five North Koreans In an article titled "Gangsters ignorant of human ethics and laws," the North's main newspaper Rodong Sinmun reported that "the Pa
North KoreaMarch 14, 2016
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Korea steps up protection of foreign medical patients
South Korea’s Health Ministry on Monday released a set of measures to better protect foreign patients from possible medical accidents and negligence, as well as being overcharged while being treated at health care institutions here. The measures include enforcing all Korean general hospitals that receive foreign patients to be insured for at least 200 million won ($170,000) for medical accidents and disputes. Smaller clinics will be required to be insured for at least 100 million won.(Yonhap)All
Social AffairsMarch 14, 2016
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‘Descendants of the Sun’ hits 440m views in China
The popularity of KBS2 TV drama series “Descendants of the Sun” in China apparently has the nation’s government on edge. On Saturday, China’s Ministry of Public Security posted a warning against watching “Descendants of the Sun” on its official Weibo site. “An enormous fandom of Korean drama ‘Descendants of the Sun’ starring Song Joong-ki has emerged as it began to air in Korea and China. It is easy to see that many have fallen in love with the male lead Song,” it said, warning that “watching K
TelevisionMarch 14, 2016
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[Herald interview] Opera director Umberto Fanni to attempt first world opera production
Italian pianist-turned-artistic director Umberto Fanni has his eyes set on premiering the world’s first global opera production. Once a touted concert pianist, Fanni is currently director general of the Royal Opera House in Muscat, Oman, where he is working on his latest large-scale international project, looking to bridge the gap between global opera performances. During his first visit to Korea, Fanni is consulting with the head of the Korea National Opera about the state-run opera’s partici
PerformanceMarch 14, 2016
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‘Star Wars’ wins, John Stamos slimed at Kids‘ Choice Awards
NEW YORK (AP) -- Will Ferrell, Adele and Jennifer Lawrence won at Nickelodeon's Kids’ Choice Awards, while John Stamos and favorite music group winner Fifth Harmony were among those doused with the show's trademark green slime. “Star Wars: The Force Awakens” won best film at the awards, hosted by Blake Shelton on Saturday at the Forum in Inglewood, California. Ferrell won favorite movie actor for “Daddy’s Home,” and Lawrence won favorite movie actress for the final “Hunger Games” installment.
FilmMarch 14, 2016
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KRX to adopt English disclosure system
The Korea Exchange is seeking to encourage local listed companies to disclose their mandatory financial information in English by the end of this year, officials of the country’s stock market operator said Monday. Korea Exchange's headquarters in Seoul (Yonhap)This plan is in line with efforts for the Korean stock market to be classified as an “advanced market” in the Morgan Stanley Capital Investment’s global stock indices, officials said.The KRX noted that during investor relations roadshows o
March 14, 2016
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Daewoo Shipbuilding to issue new shares worth 600b won to improve finances
Daewoo Shipbuilding & Marine Engineering is expected to issue additional new shares worth 600 billion won ($507 million) this year, as part of efforts to improve its capital base, according to the listed shipbuilder’s main creditor Korea Development Bank on Monday.Shipyard of Daewoo Shipbuilding (Yonhap)The new share issuances will most likely be allotted to the state-run creditor bank and the company’s employees, much like the last time the shipbuilder issued new shares worth 460 billion won to
March 14, 2016
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Seoul education office to audit Dulwich
Seoul education office to audit DulwichSeoul City will audit an international school facing allegations of accounting fraud, the authorities announced Monday.“We will begin an audit of the Seoul branch of British international school Dulwich College (from Tuesday) on its enrollment criteria as well as finances,” the Seoul Metropolitan Office of Education said in a press statement.“If we uncover anything illegal or unfair, administrative measures will be taken based on relevant laws. If the embez
Social AffairsMarch 14, 2016
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Korean banks, brokerages adopt robo advisers
South Korean banks and brokerages have launched robo-advisory services to deliver consistent returns to investors at slimmer fees, the companies said Thursday, allowing artificial intelligence to encroach upon asset management handled by human beings. In the past few years, robo advisers have emerged globally as an alternative to human financial advisers who are active but often make costly investment mistakes, according to industry people.Korea has recently joined the growing trend to take adva
March 14, 2016
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Koreans more accepting of immigrants than before
South Koreans have become more accepting of immigrants than four years ago, but there are still rooms for improvement, a government survey showed Monday.The Ministry of Gender Equality and Family said it has developed an index measuring the level of people's open-mindedness toward multicultural members of society. It takes into account eight factors, including whether the person perceives himself or herself as a global citizen and willingness to befriend a foreigner.South Korean adults scored 54
Social AffairsMarch 14, 2016
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Rival parties gear up for April's general elections
With just 30 days to go before voters cast their ballots, rival parties are entering into full-fledged campaign mode by completing their lists of candidates for a tough battle.The April 13 poll is considered a crucial bellwether that could largely shape the local political landscape ahead of the presidential vote next year The ruling Saenuri Party, which has been split between those who are loyal to President Park Geun-hye and their opponents over how to select candidates for the election, sped
PoliticsMarch 14, 2016
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Korea to host Mrs. World Pageant 2016 in Sept.
South Korea will host the 28th Mrs. World, a global pageant for married women, hoping to boost cultural exchange and the nation's thriving beauty business, the organizing committee said Monday. Mrs. World 2016 will run from Sept. 20-Oct. 4, bringing representatives from over 70 nations, the Mrs. World Korea Organizing Committee said. Currently, the western port city of Incheon and southeastern port city Busan are competing to host the event, it said. "We will jointly work with local businesses
TelevisionMarch 14, 2016
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Korea's home transactions plunge in February
South Korea's home sales plunged 24.9 percent last month from a year earlier as the local property market has shown some signs of a slowdown, government data showed Sunday.The number of home transactions reached 59,265 in February compared with a record 78,864 tallied a year ago, according to data compiled by the Ministry of Land, Infrastructure and Transport.It also marked a 5 percent drop from the previous month's 62,365 and a 12.2 percent fall from a five-year average of 68,000.February's sha
March 14, 2016
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Samsung's brand value rises but relegated to 3rd spot
The brand value of South Korea's top conglomerate Samsung Group rose to $83.1 billion in 2015, but its ranking dropped one notch from a year earlier, industry data showed Monday.According to the data compiled by British industry tracker Brand Finance, Samsung stood as the world's No. 3 firm in terms of brand worth. It marked a 1.8 percent rise from a year earlier.U.S.-based Apple Inc., Samsung's key rival in the tech industry, took the throne with $146 billion, up 14 percent from a year earlier.
IndustryMarch 14, 2016
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Unification Ministry launches task force to prepare for N.K. human rights foundation
The Unification Ministry launched a task force to prepare for the establishment of a foundation that will enforce the recently passed North Korea human rights act, officials said Monday.The task force will make administrative preparations, such as securing personnel and a budget, for the foundation, which is to be launched as soon as the enforcement of the act begins in September, they said.The Unification Ministry will assign four of its personnel to run the task force. The foundation, subordi
North KoreaMarch 14, 2016
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PM offers tax incentives to companies for job creation
Prime Minister Hwang Kyo-ahn pledged Monday to provide tax incentives to companies that create jobs for young adults.The government will "make efforts to expand jobs for young adults," Hwang said at the opening ceremony of a job fair in the central city of Daejoen. He did not elaborate on the tax incentives for companies. Prime Minister Hwang Kyo-ahn (Yonhap)Young Koreans have been hit hard by a prolonged economic slump as local companies remain reluctant to hire new workers.The unemployment rat
March 14, 2016
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2 indicted for alleged methamphetamine smuggling
Prosecutors said Monday they indicted two South Koreans on charges of smuggling methamphetamine worth more than 4 billion won into the country from Cambodia.The Daejeon District Prosecutors' Office said a 56-year-old, believed to be case's mastermind and whose identity was withheld, is suspected of smuggling in 1.3 kilograms of meth from the Southeast Asian country through Incheon International Airport, South Korea's main gateway, in September last year.The amount is estimated to be enough for 4
Social AffairsMarch 14, 2016
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[Newsmaker] Korea hopes for ISA-fueled investment boost
The Korean version of tax-efficient savings account, which benchmarked a U.K. scheme, went on sale Monday as the government hopes it will boost household wealth amid a rise in floating money prompted by low interest rates and uncertainties in the investment market.A total of 33 financial companies, including banks, securities firms and insurers, have begun introducing their first tax-exempt Individual Savings Account, or ISA, which allows customers to hold a wide range of retail investment vehic
March 14, 2016
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KBS tightens grip with ‘Descendants of the Sun,’ ‘Signal’ hogs cable viewership
KBS continued its ratings lead over terrestrial networks with its drama "Descendants of the Sun" last week, with tvN's "Signal" capturing the top cable viewership as it held its season finale, data showed Monday.Starring actor Song Joong-ki and actress Song Hye-kyo, "Descendants of the Sun" fetched 28.0 percent of viewers between last Monday and Sunday, data by Nielsen Korea showed.In Seoul, it claimed 31.2 percent on Thursday, the first time the show has entered the 30 percent range."Descendant
TelevisionMarch 14, 2016
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Surprise Kendrick Lamar album debuts at No. 1
NEW YORK (AFP) - A surprise new album by Kendrick Lamar opened Sunday at No. 1 on the U.S. chart in the latest triumph for the critically acclaimed rapper. The album -- the fourth by the 28-year-old, entitled “untitled unmastered.” -- sold 178,000 copies or the equivalent in streaming in the United States in the week through Thursday, Nielsen Music said. Lamar released “untitled unmastered.” without previous notice on March 4 in the wake of the Grammys, where he was the music industry gala's big
PerformanceMarch 14, 2016