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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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Immigration policy must go beyond labor supply: experts
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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Opposition mulls delay of financial investment income tax
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Malaysia welcomes investment in medical devices
Malaysia is aiming to become a regional leader in health care as it pushes its industrial economy toward a knowledge-based one. Under the 11th Malaysia Plan for national development (2016-20), the medical device industry was identified as key to rapid growth alongside the aerospace, chemical, electronics and machinery sectors. Due to its strong links to manufacturing and capacities to deliver high-value-added goods, the industry is poised to lead Malaysia’s economy, which has grown at around 5 p
Foreign AffairsMarch 14, 2016
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Indonesia streamlines investment process
The Indonesian Embassy held a seminar in early March to woo Korean investments into the country’s burgeoning economy, which has seen sweeping reforms in recent months.Under the administration of President Joko “Jokowi” Widodo, Indonesia has undertaken a series of stimulus measures, aimed at boosting industrial competitiveness through deregulation, facilitating infrastructure projects and strengthening law enforcement.The government recently overhauled its “negative investment list” -- a catalog
Foreign AffairsMarch 14, 2016
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Germanwings crash: French urge new health reporting rules
French air accident investigators recommended Sunday that world aviation bodies draw up new rules requiring medical workers to warn authorities when a pilot's mental health could threaten public safety, after 150 people died when a Germanwings co-pilot deliberately crashed a jet into the French Alps last year.Co-pilot Andreas Lubitz had been treated for depression in the past, and the investigation found that he had consulted dozens of doctors in the weeks before the crash on March 24, 2015. But
World NewsMarch 13, 2016
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Ethiopia, Korea cooperate on forestry
A delegation of Ethiopian environment officials came to Korea in early March to share knowledge and experience in forest management and sustainable development. Shiferaw Teklemariam, Ethiopian minister of environment, forest and climate change, told The Korea Herald that his team was interested in Korea’s policies, institutions and governance, and how they were practically implemented.Amid Ethiopia’s push to become an industrializing nation, forestry is one of the four pillars of development und
Foreign AffairsMarch 13, 2016
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Drastic deregulation needed to boost FDI in Korea
Foreign direct investment in Korea reached a record annual high of $20.91 billion last year on the reporting basis, according to recent data from the Ministry of Trade, Industry and Energy. In the period between 2013 and 2015, the amount stood at $54.4 billion.But the record may well be seen as similar to the level in the late 1990s when the country began strengthening efforts to attract more investment from abroad while going through a foreign exchange crisis.The FDI here in 2013-2015 was up so
March 13, 2016
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Real wage grew faster than economy due to low inflation
Real-wage growth surpassed economic growth in Korea last year mainly due to a record-low inflation rate, government data showed Sunday.According to the finance and labor ministries, the inflation-adjusted monthly salary at workplaces with five or more regular employees grew 2.7 percent on-year to an average of 3 million won ($2,510) in 2015. It was the first time since 2012 that real wages -- adjusted to reflect purchasing power -- grew faster than the economy itself. Korea’s gross domestic prod
March 13, 2016
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[Graphic News] Not forgetting sex slavery victims
U.N. Secretary-General Ban Ki-moon on Friday in New York met with an elderly South Korean victim of Japan’s wartime sexual slavery. It was the first such meeting since Ban took the post in 2006.Ban met with 89-year-old Kil Won-ok at the U.N. headquarters, saying he respects her efforts to raise awareness of the wartime crime to make sure there will be no recurrence.The meeting came amid persistent protest over the landmark agreement in December between South Korea and Japan on resolving the sexu
Foreign AffairsMarch 13, 2016
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[Newsmaker] Lee Se-dol proves human intuition still powerful in Go
Korean Go master Lee Se-dol has proved human intuition can still surpass the ever-evolving artificial intelligence technology, with his first victory against Google’s AI program AlphaGo. “This single win is so valuable and I would never exchange this with anything in the world,” Lee said after the victory on Sunday in Seoul. Demis Hassabis, CEO of DeepMind, the AlphaGo developer, also offered his respect to Lee’s victory. He said, “We are very happy about Lee’s victory. This is why we came here
TechnologyMarch 13, 2016
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Parties seek to win over senior voters
The focus of the election battle has shifted to the welfare scheme for senior citizens as rival parties stepped up their appeal to older voters in the final month before the April general elections. The ruling Saenuri Party and main opposition The Minjoo Party of Korea have rolled out series of election manifestos targeting voters over 60 years old -- a group projected to emerge as the most influential electorate due to its high demographic volume and turnout rate. According to statistics fro
PoliticsMarch 13, 2016
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Lee Se-dol wins first victory against AlphaGo
After three straight defeats, Korean Go master Lee Se-dol finally won a victory against Google’s artificial intelligence AlphaGo in their fourth match on Sunday. Lee’s victory comes after he lost three straight games to the Google AI in their historic five-game match that started Wednesday in Seoul.“This single win is so valuable and I would never exchange this with anything in the world,” Lee said at a press conference right after the victory. Amid a close game, Lee attacked AlphaGo’s territory
TechnologyMarch 13, 2016
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Kumho Asiana holds speech contest in Japan
Kumho Asiana Group held a speech contest in Tokyo on Saturday to bridge cultural differences between Japan and Korea, officials said Sunday. Nearly 600 students participated in the annual event, demonstrating growing interest in Korean language and culture among the young generation. Two finalists stage a short play at the ninth Kumho Asiana speech contest held at the Korean Cultural Center in Tokyo on Saturday. (Kumho Asiana)Held at the Korean Cultural Center in Tokyo, students competed in thr
IndustryMarch 13, 2016
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Korean men turn to cheaper presents on White Day
Male consumers appear to be cutting back on their spending on White Day gifts this year, purchasing cheap candies instead, amid the prolonged economic downturn, according to an online market operator on Sunday.(Yonhap)Gmarket said based on its data analysis that sales of expensive gift items such as handbags and perfumes, fell 13 percent and 7 percent respectively, compared to the same period last year. The volume of jelly and candies purchased by male customers, however, surged 47 percent and 1
IndustryMarch 13, 2016
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[Photo News] Debut of EQ900 limousine
DEBUT OF EQ900 LIMOUSINE -- Hyundai Motor unveiled the limousine version of the EQ900 on March 9 in Seoul. Its body is 290 millimeters longer than the flagship sedan of the Genesis. EQ900. The price tag of the EQ900 limousine, which boasts more premium features, starts from 150 million won ($125,000). (Hyundai Motor)(EQ900)
MobilityMarch 13, 2016
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CJ chairman’s half-brother files inheritance suit
The ill-fated son of the late honorary chairman of food and entertainment giant CJ group -- born out of wedlock -- has filed an inheritance suit against the owner family, asking a local court to return part of his father’s fortune.According to sources in legal circles, the illegitimate son -- of late CJ chairman Lee Maeng-hee and an actress in the `60s -- had requested to retrieve a legal portion of his inheritance worth 200 million won ($167,000) late last year. The first trial of the inheritan
IndustryMarch 13, 2016
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[Photo News] Tire service center goes high-end
TIRE SERVICE CENTER GOES HIGH-END -- Hankook Tire has opened its second luxury service studio named “Luxtudio” in Busan. “Luxtudio” -- a combination of the words “luxury” and “studio” -- is designed to provide specialized premium services for clients with luxury imported cars. The space is fitted with equipment for ultra-high performance tire and wheel alignment apparatus. (Hankook Tire) (Hankook Tire)
MobilityMarch 13, 2016
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Mercedes-Benz bolsters ‘dream cars’ lineup in Korea
The recent controversies involving Mercedes-Benz Korea have not come in the way of its aggressive growth plans, with the luxury carmaker all set to entice local customers with its tempting new models.Despite the recent fuss about tax returns on vehicle sales and transmission changes for its best-selling S350 model, the German company is confident of dethroning its competitor BMW -- after a decade -- as the largest imported car brand this year. It has already bagged the top spot in the first two
MobilityMarch 13, 2016
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Searching for niche orthopedic shoe market
The name Karl Muller is most recognized in the orthopedic shoe world as referring to the mechanical engineer who developed the Masai Barefoot Technology shoe in the late 1990s. Now there is a second Karl Muller -- the original Muller’s son, who jumped into the market in 2008 with his own brand of Swiss wellness shoes, Joya. “When I was growing up, all I knew was making shoes,” Muller Jr. told The Korea Herald at the Joya Seoul office in Mapo-gu on a visit to Seoul. Born in 1985, Muller Jr. spent
IndustryMarch 13, 2016
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Newly promoted Suwon FC pick up point in first division debut
Newly promoted football club Suwon FC picked up a point in their first division debut on Sunday.Suwon FC visited the Jeonnam Dragons for their first K League Classic match and came away with a 0-0 draw at Gwangyang Football Stadium in Gwangyang, South Jeolla Province.Suwon FC earned a promotion from the second-tier K League Challenge. Though they've lost some key players over the offseason, Suwon held their ground against Jeonnam on the road.Jeonnam were in control early with a trio of imported
SoccerMarch 13, 2016
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Military keeping watch on search for missing N. Korean midget submarine
South Korea's military said Sunday that it is keeping close tabs on the search for a North Korean midget submarine that went missing early last week.The 70-ton Yugo class submersibles used by Pyongyang are usually used to infiltrate enemy lines in espionage operations. A U.S. cable news service first reported the submarine going missing, citing an unnamed intelligence source."It is believed the sub went missing while it was on a mission of some sorts," a military insider said. He speculated that
North KoreaMarch 13, 2016
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[Editorial] Lee Se-dol evolves via AI
Champion Lee Se-dol finally beat AlphaGo in the fourth Go match on Sunday after losing ground to Google’s artificial intelligence program in the previous three matches last week.His win broke market expectations that few ninth-dan players, apart from Lee, would be able to outperform AlphaGo. Lee showed the possibility that human beings can evolve by studying AI-based machine’s tactics, and vice versa.Despite the first victory, the human defeat three times earlier led to despondency and fear amon
EditorialMarch 13, 2016