Most Popular
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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Yoon warns North Korea against nuclear attack attempt
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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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81-year-old model awarded ‘best dressed’ in Miss Universe Korea
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Shut up and dance
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Seoul mayor suggests shift in immigration policy
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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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Israel targets Palestinian group in first strike on Beirut center
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Brit pop legend Oasis to perform in Seoul next year
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'Smart pill'? ADHD treatment prescriptions spike this year
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Samsung mass produces industry's first all-in-one bioprocessor
Samsung Electronics Co. said Tuesday it has commenced the industry's first mass-production of all-in-one bioprocessors that can be applied to various health care smart devices to collect users' biological information.The Samsung Bio-Processor, also dubbed "S3FBP5A," will be used to measure different health care information, such as body fat, skeletal muscle mass, heart rate, heart rhythm, skin temperature and stress level.It can track more health care data than any other rival through a single c
IndustryDec. 29, 2015
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Chinese shipyard rises to world's No. 5 player for first time
A Chinese shipbuilder emerged as the world's No. 5 player by order backlog in November, data showed Tuesday, posing a threat to South Korean shipyards which had been dominating the top five list for years.According to the data compiled by Clarkson Research Services, Shanghai Waigaoqiao Shipbuilding had an order backlog of 3.03 million compensated gross tons as of end-November, beating South Korea's Hyundai Mipo Dockyard Co. that held 2.84 million CGTs.Daewoo Shipbuilding & Marine Engineering Co.
IndustryDec. 29, 2015
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U.N. chief welcomes Korea-Japan agreement on wartime sexual slavery
U.N. Secretary-General Ban Ki-moon welcomed Monday's landmark agreement between South Korea and Japan on resolving the issue of Japan's wartime sexual slavery, expressing hope for improved relations between the two countries."The secretary-general welcomes that the governments of Japan and the Republic of Korea have reached an agreement on the issues related to 'comfort women' at the bilateral Foreign Ministers meeting held in Seoul on 28 December," Ban's spokesman, Stephane Dujarric, said in a
Foreign AffairsDec. 29, 2015
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Banks' loan delinquency rate edges up in Nov.
The delinquency rate for loans extended by South Korean banks edged up in November from a month earlier due to a rise in soured loans taken out by large firms, the financial watchdog said Tuesday.The average delinquency rate for bank loans stood at 0.74 percent at the end of November, up 0.04 percentage point from a month earlier, according to the Financial Supervisory Service.From a year earlier, however, the figure dropped 0.15 percentage point, it noted. Loans with both the principal and inte
Dec. 29, 2015
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Korea-Japan deal shows 'leadership,' 'courage,' 'statesmanship' of leaders: U.S. experts
The breakthrough deal between South Korea and Japan on resolving the issue of Japan's wartime sexual slavery was made possible thanks to "leadership," "courage" and "statesmanship" of the leaders of the two countries, U.S. experts said Monday.The experts also said that the agreement paves the way for greater trilateral security cooperation with the U.S. to deal with a rising China and a nuclear North Korea. What's important now is for Seoul and Tokyo to fight back nationalist pressure and sincer
Foreign AffairsDec. 29, 2015
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Banyan Tree Club & Spa Seoul, urban oasis in the heart of city
Banyan Tree Club & Spa Seoul, urban oasis in the heart of city Banyan Tree Club & Spa Seoul is an award-winning urban resort located in the heart of South Korea’s capital. Overlooking the lush greenery of the Mount Namsan, it is the ultimate place to fully enjoy the serenity and privacy offered by the resort. The 21-story hotel is designed to offer relaxation and comfort with only four guest rooms on each floor. Each guest room is equipped with the hotel’s signature Relaxation Pool and other lux
TravelDec. 29, 2015
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U.S. praises Korea, Japan for reaching breakthrough deal on wartime sexual slavery
The United States on Monday praised South Korea and Japan for reaching a breakthrough deal on resolving the issue of Japan's wartime sexual slavery that has seriously plagued relations between the two key American allies for years.South Korean Foreign Minister Yun Byung-se and his Japanese counterpart, Fumio Kishida, reached the agreement in talks in Seoul earlier in the day, which centers on Japan's admission of responsibility for the wartime crime and plans to pay reparations to the victims.Th
Foreign AffairsDec. 29, 2015
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Opposition party changes name
Striving to renew its image prior to the April general elections, the main opposition New Politics Alliance for Democracy revised its name to “Together Democratic Party” on Monday.With this, the party moved closer to its former and most recognized name “Democratic Party,” and also removed any trace of defected cochairman Ahn Cheol-soo, whose signature slogan is “new politics.”“The party decided that the title Together (‘deobuleo’ in Korean) Democratic Party, though not 100 percent in accord with
PoliticsDec. 29, 2015
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Gov't pumps cash into troubled housing finance firm
The government has injected 1.5 trillion won (US$1.29 billion) into a state housing financing firm to help improve its financial soundness hurt by snowballing mortgage loans, the financial regulator said Monday. The liquidity injection into the state-run Korea Housing Finance Corp. (KHFC) was made through the government's transfer of its 15 million shares in the Korea Expressway Corp., according to the Financial Supervisory Service (FSS). It marks the third time this year that the governme
Dec. 28, 2015
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Rival parties split over S.Korea-Japan deal on wartime sex slaves
South Korea's ruling and opposition parties showed mixed responses Monday to the outcome of talks between the top diplomats of Seoul and Tokyo on the issue of Korean women forced into sexual slavery for the Japanese army during World War II. Evaluating the deal as significant progress, the ruling Saenuri Party called for the Japanese government's diligent and specific course of action to fulfill the agreement. "It is a deal with considerable improvement in that the responsibility of the Jap
PoliticsDec. 28, 2015
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Korea inks final deal to undertake KF-X project
South Korea's arms procurement agency inked Monday its formal agreement with the country's sole aircraft maker, Korea Aerospace Industries Ltd. (KAI), to undertake an ambitious project to build indigenous fighter jets. "With the signing of the contract with KAI on Monday, the Defense Acquisition Program Administration will officially set about the fighter jet development project," DAPA said in a statement. The project will take 10 years and six months before completing the developmental phas
DefenseDec. 28, 2015
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Hyundai Heavy workers vote for wage deal with management
Unionized workers at Hyundai Heavy Industries Co., a major South Korean shipbuilder, voted on Monday in favor of a deal tentatively reached with the management during their annual wage negotiations. Of 15,131 votes cast by its unionists, 8,894 workers, or 58.78 percent, supported the deal reached late last week between leaders of labor union and company officials. Both sides earlier agreed to freeze the base salary but give workers a 100-percent bonus along with 1.5 million won (US$1,287) w
IndustryDec. 28, 2015
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Experts divided over assessment of Seoul-Tokyo deal on sex slavery
South Korean experts showed mixed reactions Monday to an agreement by Seoul and Tokyo to resolve the issue of Japan's wartime sex slavery, saying that improvement of their frayed ties hinges on how to carry out the deal. Earlier in the day, South Korea and Japan reached a landmark deal to settle the issue of Tokyo's wartime sexual enslavement of Korean women for Japanese soldiers during World War II. Under the agreement, Japanese Prime Minister Shinzo Abe expressed an "apology and repentance
Foreign AffairsDec. 28, 2015
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Asiana Air allowed to operate 2nd low cost carrier
Asiana Airlines Inc., South Korea's No. 2 flag carrier, has been granted the green light to operate its second low budget carrier, a government decision feared to intensify competition in the already heated no-frills flight market, officials said Monday. The transportation ministry said that it has issued a business license to Air Seoul, the second low cost carrier owned by Asiana Airlines. It already runs Air Busan based in the southeast port city of Busan. The ministry cited a steady growt
IndustryDec. 28, 2015
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Challenges remain after landmark deal on 'comfort women'
The landmark agreement between South Korea and Japan to end their dispute over Japan's wartime sexual enslavement of Korean women has already prompted questions about whether it really is the end. The two countries' top diplomats announced the terms of the deal in a press conference Monday, wrapping up 12 rounds of bilateral working-level talks that began in April 2014. Key features of the agreement included a personal apology from Japanese Prime Minister Shinzo Abe for his country's wartime
Foreign AffairsDec. 28, 2015
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Park calls for fresh ties with Japan over landmark deal
President Park Geun-hye expressed hope Monday that South Korea and Japan will build confidence and start bilateral relations anew based on a landmark deal on the comfort women. South Korea and Japan "should turn the agreement into a precious opportunity to restore honor and dignity" to the comfort women and heal their scars, Park said in a telephone conversation with Japanese Prime Minister Shinzo Abe, according to Cheong Wa Dae, South Korea's presidential office. In the 13-minute conversati
Foreign AffairsDec. 28, 2015
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Underground economy still huge
Shortly after President Park Geun-hye took office in early 2013, her administration announced a plan to collect an additional 27.2 trillion won ($23.3 billion) in tax revenue over the next five years by shedding light on underground business activities. The envisioned tax revenue was part of a scheme for financing Park’s welfare programs without raising tax rates as she promised during her election campaign.In a parliamentary audit of the National Tax Service in September, taxation officials sai
Dec. 28, 2015
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Health Ministry to invest W52.5b in infectious disease research
Following a number of public health disasters this year, including the Middle East respiratory syndrome outbreak, South Korea’s Health Ministry announced Monday that it will invest 52.5 billion won ($45 million) in research studying infectious diseases next year. The ministry allocated a total of 532.2 billion won for all of its research and development projects, including research for cancer, chronic diseases and infectious diseases. Next year’s budget for the specific cause is 7.6 billion won
Social AffairsDec. 28, 2015
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Workplace bullying gets smarter, crueler in South Korea
The South Korean government has been striving to curb violence in various corners of society, including at schools, homes, workplaces and online. The Korea Herald is publishing a series of articles delving into the reality and the country’s efforts to restrain the violence. This is the second installment. --Ed. It wasn’t too hard for Yoon Eun-ji -- not her real name -- to find out that her senior colleague had been bullied by one of the executives of her company earlier this year. It wasn’t dif
Social AffairsDec. 28, 2015