Most Popular
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Yoon warns North Korea against nuclear attack attempt
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81-year-old model awarded ‘best dressed’ in Miss Universe Korea
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Seoul mayor suggests shift in immigration policy
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'Smart pill'? ADHD treatment prescriptions spike this year
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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AI textbook bubble could burst, expert warns
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Man calls 119, found dead 1 week later because officials went to wrong place
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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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Fights, complaints, stalker fans among reasons passengers exit planes before takeoff
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SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
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Seoul shares down 0.54 pct on extended foreign sell-off
South Korean stock fell 0.54 percent Monday as foreign investors continued to dump local stocks ahead of a rate-setting meeting of the U.S. Federal Reserve next week. The local currency lost ground sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index lost 10.73 points to 1,963.67. Trade volume was slim at 375 million shares worth 3.35 trillion won ($2.87 billion), with decliners beating winners 527 to 293. "The market wants to see the result of the Fed meeting, alth
Dec. 7, 2015
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[Shamshad Akhtar] Response to climate change
Global leaders are gathered in Paris for the COP21 climate summit. Given Asia-Pacific’s size and its contribution to global greenhouse gas emissions, its voice and commitment are critical to achieving a comprehensive agreement on climate change. Many Asia-Pacific countries are developing and must focus on achieving sustained economic growth and development. Of the 49 regional members of the United Nations Economic and Social Commission for Asia and the Pacific, 43 have a light climate footprin
ViewpointsDec. 7, 2015
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[Herald Review] ‘The Sherlock’ combines magic and musical theater
Famed local magician Choi Hyun-woo is presenting his latest stage production, “The Sherlock: Gravity 503,” a magic show with a live musical flair and a dash of unscripted comedy. Choi, 37, was the first Asian winner of the Originality Award at the International Federation of Magic Societies’ 2009 World Championship of Magic -- the world’s largest magic competition -- and was also selected as the youngest judge at the federation’s 2012 championships. Choi first launched his series of live magic p
PerformanceDec. 7, 2015
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[Gareth Evans] Is genocide finally in retreat?
Slaughtering people not for anything they do, but simply for who they are — their national, ethnic, racial, religious, or political identity ― is morally as bad as it gets. Yet that was the fate of at least 80 million men, women, and children in the 20th century, including Armenians in Turkey, Jews in Europe, suspect classes in the Soviet Union and China, communists in Indonesia, non-communists in Cambodia, Bengalis in former East Pakistan, Asians in Uganda, Tutsis in Rwanda, and Muslims in the
ViewpointsDec. 7, 2015
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Women belong in combat ? and in the draft
The Pentagon struck a blow for both military preparedness and sex equality Thursday by opening all combat jobs to women. Allowing female troops who meet the same standards as men to fight the enemy improves a nation’s ability to protect itself and its foreign interests. But as the military takes this big step toward equal treatment of men and women, it inevitably comes up against a next one: the need for equality in Selective Service registration. Fair treatment demands that young women — ages 1
ViewpointsDec. 7, 2015
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The yuan as a major international currency
The IMF announced on Nov. 30 that its executive board had approved the inclusion of the Chinese yuan into the basket of currencies making up the SDR, joining the U.S. dollars, Euro, Yen and British Pound, to be effective on Oct. 1, 2016. This is a symbolic acceptance of the yuan as a major international currency and is not surprising. China is now the world’s largest trading nation in terms of value of exports plus imports, and China’s GDP in current market value will likely surpass that of the
ViewpointsDec. 7, 2015
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Brazil’s no-win impeachment battle
Brazil’s legislature has opened impeachment proceedings against the country’s president. The charges may or may not be justified, but if ever there were a political culture that deserves to be put on trial, it is Brazil’s. Brazil’s voters — never mind its legislators — can hardly be blamed for their unhappiness with President Dilma Rousseff. She has overseen a worsening economy and has been embroiled (but so far not implicated) in a long-running corruption scandal involving Petrobras, Brazil’s s
ViewpointsDec. 7, 2015
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Korea, Japan seek to register records of Joseon goodwill missions on UNESCO list
South Korea and Japan plan to submit a joint application to register about 200-300 documents recording the “Joseon Tongsinsa” from 1607-1811 on the UNESCO Memory of the World list by March next year, the Busan Cultural Foundation said Monday. The updated documentary heritage list will be finalized by July or August 2017. A reenactment of Joseon Tongsinsa at a festival in Busan (Korea Tourism Organization)Joseon Tongsinsa refers to the series of diplomatic goodwill missions that the Joseon era (1
CultureDec. 7, 2015
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Funeral held for victim of Japan's wartime sex slavery
Family members of a South Korean woman who was forced into sexual slavery for Japanese soldiers during World War II mourned the death of their loved one during her humble funeral on Monday. Choi Gab-soon, 96, died of natural causes at a hospital in Namyangju, east of Seoul, on Saturday, reducing the number of surviving victims to 46. Some 10 people, including Choi's family and activists from the Korean Council for the Women Drafted for Military Sexual Slavery by Japan, a civic group working t
Social AffairsDec. 7, 2015
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Korea's 2016 growth rate to be same as this year's: Nomura
The South Korean economy is forecast to grow 2.5 percent next year, unchanged from this year's growth projection, mainly due to a protracted slump in exports, a Nomura economist said Monday. "South Korea's economic growth will likely remain at 2.5 percent for both 2015 and 2016, and at 2.7 percent in 2017," Kwon Young-sun, a senior economist at Nomura International, said in a media briefing in Seoul. "Its growth rate will miss the country's expected potential growth of 3.2 percent." Nomura's
Dec. 7, 2015
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Gov't launches online archive on German unification
The Unification Ministry on Monday launched an online archive on German unification to raise public awareness of unification issues and help prepare for inter-Korean reunification. The archive (http://germanunification.unikorea.go.kr) is a collection of 2,152 documents, reports and other material on the German unification, including 926 items transferred from the German government, according to the ministry. "We hope the German unification archive will promote public interest and participation
InternationalDec. 7, 2015
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U.S. uneasy about Korea‘s handling of fighter jet project
The United States is displeased with South Korea's disclosure of information related to its troubled fighter jet development project, multiple sources here said Monday. South Korea has sought the transfer of two dozen technologies from the ally in its $15-billion program, codenamed KF-X, aimed at producing its own fighter jet to replace the aging fleet of F-4s and F-5s. This desire for technology is one of the key reasons for Seoul's decision last week to buy 40 F-35s from Lockheed Martin. Bu
DefenseDec. 7, 2015
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Surion chopper to be used by Korea forestry service
South Korea's sole aircraft manufacturer said Monday that it has signed a deal to sell its Surion chopper to the country's forestry service. The 20.5 billion won ($17.6 million) contract between Korea Aerospace Industries Ltd. and the Public Procurement Service calls for one helicopter to be delivered by the end of 2017. The company said that the sale marks the first time it will sell the rotary aircraft to the Korea Forest Service and could potentially lead to more orders down the line. Of t
IndustryDec. 7, 2015
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AmorePacific's exports forecast to top $200m this year
South Korean beauty power house AmorePacific Co. is expected to log over US$200 million in exports this year, for the first time for a local cosmetics producer, on the back of brisk sales in China, according to data and industry officials Monday. AmorePacific exported cosmetics worth $182.52 million in the January-October period, the latest figures available by the Korean Customs Service showed. If the sales trend continues, the total amount is expected to exceed the $200-million mark this y
IndustryDec. 7, 2015
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Park meets with ruling party leaders over reform bills
President Park Geun-hye met with ruling party leaders Monday to seek their support for the parliamentary endorsement of a set of bills. Kim Moo-sung, chairman of the ruling Saenuri Party, and Won Yoo-cheol, the party's floor leader, gathered at Cheong Wa Dae, South Korea's presidential office, for the first time since Oct. 22. The meeting underscores Park's latest push to get the National Assembly to pass a set of bills designed to revitalize South Korea's economy, reform the labor sector and
PoliticsDec. 7, 2015
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Mercedes-Benz, Maserati to recall 724 vehicles for defects
Mercedes-Benz and Maserati will recall 724 cars sold in South Korea for safety-related mechanical defects, the Ministry of Land, Infrastructure and Transport said Monday. German luxury carmaker Mercedes-Benz will make repairs on 721 S63 AMG 4Matic sedans for ignition problems. The defect has been determined to be caused by a program glitch in the electronic control unit that sometimes keeps fuel from flowing to the engine when the vehicle slows down. The drop in fuel can cause the ignition to
IndustryDec. 7, 2015
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Korea's auto exports drop 3.5% on-year in Nov.
South Korea's automobile exports fell in November from a year earlier on weaker demand from emerging markets, the government said Monday. Outbound shipments of vehicles came to 263,687 units last month, down 3.5 percent from a year earlier, according to the Ministry of Trade, Industry and Energy. From the previous month, however, exports were up 5.6 percent. "Exports to the United States and the European Union did well, but demand in Russia, Latin America and other emerging economies caused ov
IndustryDec. 7, 2015
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Korea to send special envoy to Argentina's presidential event
President Park Geun-hye will send a senior ruling party lawmaker to Argentina's presidential inauguration ceremony this week, the Foreign Ministry said Monday. Rep. Kim Jae-kyung, who heads the National Assembly's budget committee, plans to attend the event to be held in Buenos Aires on Thursday. Kim, a three-term lawmaker, will deliver Park's will to "expand and deepen cooperation" between the two countries in meetings with top officials from the new administration of Mauricio Macri, said the
InternationalDec. 7, 2015
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Daewoo Shipbuilding promises to repay maturing debt as scheduled
Daewoo Shipbuilding & Marine Engineering Co., a troubled local shipyard, said Monday that it will be able to repay debts maturing next year as scheduled. The shipbuilder said that 300 billion won ($257 million) in debt is due by April next year, with an additional 400 billion won set to mature in September. "There will be no problem in repaying maturing debts next year, as we are set to deliver some 80 percent of offshore facilities worth $20 billion next year," the company said. The shipbuil
IndustryDec. 7, 2015
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Talks ongoing over Ban's visit to North Korea: U.N. official
The United Nations continues to be in talks with North Korea over Secretary-General Ban Ki-moon's possible visit to the communist country, a U.N. official said Monday. Last month, Ban confirmed a Yonhap report that he is planning a trip to the North. The plan has drawn keen attention as he's expected to meet with North Korean leader Kim Jong-un. "Talks are continuing," Kim Won-soo, the U.N. acting high representative for disarmament affairs, told reporters on the sidelines of a U.N. disarmamen
North KoreaDec. 7, 2015