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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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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Man calls 119, found dead 1 week later because officials went to wrong place
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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Samsung tightens its belt amid crisis winds
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Seoul shares down 0.23% in late morning trade
South Korean stocks traded lower late Wednesday morning as foreign investors dumped market heavyweights on woes over a widely expected rate hike in the United States.The benchmark Korea Composite Stock Price Index lost 4.73 points, or 0.23 percent, to 2,019.2 as of 11:20 a.m. Most market heavyweights were in negative terrain. Top market cap Samsung Electronics declined 0.61 percent, and Korea Electric Power Corp., the state-run power provider, slipped 1.31 percent.However, cosmetics shares trade
Dec. 2, 2015
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Top North Korea military official visits China for medical treatment: source
Top North Korean military official Hwang Pyong-so has visited China to get medical treatment, a source said Wednesday, after he has not shown up at major public events for the past three weeks.The 75-year-old director of the general political bureau of the Korean People's Army has returned to Pyongyang after recently visiting China to have his illness treated, according to the source familiar to North Korean affairs."Hwang is known to have some problems with his spine. There is a possibility tha
North KoreaDec. 2, 2015
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Samsung's new mobile chief seeks stability over change
Samsung Electronics Co.'s new leader for its flagship mobile business said Wednesday he will not seek an all-out reshuffle of the business, but instead seek stability.The remark came after Koh Dong-jin, who was previously in charge of the mobile research and development, was named to head Samsung's Mobile Communications Business on Tuesday."There will be no large-scale changes," Koh told reporters briefly, when asked if the Mobile Communications Business will go through restructuring, possibly t
CompaniesDec. 2, 2015
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North Korea wants to learn from China's Hainan on tourism: envoy
North Korea wants to learn tourism know-how from China's southern resort island of Hainan as it seeks to set up an international tourism zone at its scenic Mount Kumgang, according to the North's ambassador to China on Wednesday. Ji Jae-ryong, North Korea's ambassador to China, made the remarks during a meeting with Luo Baoming, Hainan's Communist Party chief and provincial governor, on Monday, the Chinese Communist Party said in an article posted on its website. North Korea is seeking to attrac
North KoreaDec. 2, 2015
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Korea's radar technology 12th in the world
South Korea's radar technology ranks 12th in the world, putting it further behind advanced nations compared to three years ago, a state research agency said Wednesday.South Korea has been developing an indigenous fighter jet known as the Korean Fighter Experimental project, scheduled for completion by 2025. Controversy over the project's viability grew after the United States refused to transfer four core technologies, including those for active electronically scanned arrayradar.According to a r
TechnologyDec. 2, 2015
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Court rules manufacturer liable for explosion of decade-old fridge
A local court ordered a fridge manufacturing company to compensate an insurance firm for damages incurred by an explosion of a kimchi refrigerator that was purchased more than 10 years ago, officials said.Upholding the previous ruling, the Seoul Central District Court ruled in favor of an insurance company, which filed a suit against Dayou Winia Co. seeking compensation for some 43 million won ($37,210) it paid to the victims. It was in March 2014 that the fridge, manufactured and purchased in 2
Social AffairsDec. 2, 2015
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Pyongyang leader's aunt to file libel suit against defectors in Seoul
The aunt of North Korean leader Kim Jong-un is planning to file a defamation suit against three high-profile North Korean defectors in the South, her legal representative said Wednesday.Koh Young-sook, the current leader's aunt and the younger sister of Kim's mother, will file a suit with the Seoul Central District Court later in the day. She is seeking a total of 60 million won ($51,900) from three defectors for allegedly spreading false information about her on South Korean TV shows between 20
North KoreaDec. 2, 2015
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Korea offers extra $1 mln in aid to Iraqi refugees
South Korea has offered an additional $1 million in aid to Iraqi refugees, bringing the total to $6 million this year, the Foreign Ministry said Wednesday.Iraq's humanitarian crisis is one of the worst in the world, with some 8.2 million people requiring humanitarian aid as of last month, the ministry said in a release. There are 3.2 million internally displaced persons, and that number is expected to increase.South Korea has offered aid through various international organizations such as UNICEF
Foreign AffairsDec. 2, 2015
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Korea's renewable energy use lowest in OECD: report
South Korea ranked last among members of the Organization for Economic Cooperation and Development in the use of renewable energy to power its economy in 2014, a report by an international energy agency showed Wednesday.Asia's fourth-largest economy got just 1.1 percent of its energy from renewable sources like solar, wind, geothermal, tidal and hydropower generation, according to the report by the International Energy Agency. The number placed the country last among the 34 developed market econ
Dec. 2, 2015
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Seoul to collect loan from local firms investing in Pyongyang
South Korea plans to retrieve part of special soft loans provided to local firms involved in economic cooperation with North Korea for the first time in five years, government officials said Wednesday.Tapping into a state fund on inter-Korean cooperation, Seoul has provided loans with low rates to such companies to help them cope with financial troubles stemming from the South's punitive sanctions against the North in 2010. Local firms that had invested in projects and assets in North Korea are
Dec. 2, 2015
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Hanwha Q Cells builds solar plant in Turkey
Hanwha Q Cells Co., the world's leading solar cell maker, said Wednesday it has built a solar plant in Turkey, and plans to expand its capacity there as part of an effort to tap deeper into emerging markets.The South Korean solar cell maker has completed a plant with a capacity of 8.3 megawatts in the province of Burdur. Hanwha Q Cells plans to expand the plant with a capacity of 18.3 MW by 2016, the company said.The plant, when completed, will be Turkey's largest solar plant, according to the c
IndustryDec. 2, 2015
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Samsung showcases web browsing tool for VR devices
Samsung Electronics Co. introduced Wednesday the beta edition of a web browsing program for its virtual reality devices, allowing users to access more content online.The test edition of Samsung Internet for Gear VR will allow users of Samsung's VR devices to stream various videos online and provide a theater-like experience, the company said.It also allows users to surf the Internet with voice commands, with Gaze Mode activating the screen simply by staring at the menu.Other features from typica
TechnologyDec. 2, 2015
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Seoul shares open lower on blue-chip losses
South Korean stocks opened lower Wednesday as market heavyweights lost ground on woes over a widely expected rate hike in the U.S.The benchmark Korea Composite Stock Price Index shed 6.5 points, or 0.32 percent, to 2,017.43 in the first 15 minutes of trading. Top market cap Samsung Electronics fell 1.44 percent after the tech giant appointed a new head for its flagship mobile business that is struggling with falling margins amid tougher global competition. In contrast, automakers traded bullish
Dec. 2, 2015
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Shinhan Card launches joint venture in Indonesia
Shinhan Card Co., South Korea's leading credit card company, said Wednesday it has established a joint venture with an Indonesian carmaker to tap into the credit market in the Southeast Asian country. Shinhan Indo Finance set sail earlier in the day to provide a range of vehicle-related financing and leasing, while planning to expand into the credit card business starting in the second half of next year, according to Shinhan Card.Shinhan's Indonesian partner is Swadharma Indotama Finance, a fi
Dec. 2, 2015
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4,500 U.S. troops to deploy to Korea next year as part of force rotation
A U.S. Army brigade with some 4,500 troops will deploy to South Korea early next year as part of a regular rotation of forces, the Department of the Army announced.The 1st Cavalry Division's 1st Armored Brigade Combat Team will replace the 2nd Armored Brigade Combat Team that was deployed in June under a decision to replace a permanent brigade, which had been stationed in South Korea since 1965, with a rotational unit.Rotation takes place every nine months."The 1st Cavalry Division reflects mutu
DefenseDec. 2, 2015
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Park vows to provide more than $11 mln in aid to African countries
President Park Geun-hye pledged Tuesday to provide more than $11 million to 10 African countries over the next five years for vocational training, calling education a solution to ending violent extremism and "an integral ingredient" to economic success.South Korea has helped five African countries -- Malawi, Zambia, Botswana, Namibia and the Democratic Republic of the Congo -- in developing and distributing textbooks under the $10-million project since 2011. The project is set to end in 2016.Sou
PoliticsDec. 2, 2015
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Park arrives in Czech Republic for summits with regional leaders
President Park Geun-hye arrived in Prague Tuesday for a summit with regional leaders later this week after attending the U.N. climate change summit in France.Park is scheduled to meet with Czech President Milos Zeman on Wednesday to discuss how to boost bilateral relations on the occasion of the 25th anniversary of the establishment of their diplomatic ties.Park also plans to meet with Zeman and their counterparts from Hungary, Poland and Slovakia on Thursday. The four central European countries
InternationalDec. 2, 2015
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U.S. to provide maximum support for Korea's KF-X project: State Department
The United States will provide maximum support for South Korea's indigenous fighter jet development project, the State Department said Tuesday, dismissing speculation that Washington might be reluctant to back the program.The State Department is responsible for approving U.S. defense giant Lockheed Martin's promised transfer of key technologies to South Korea for the fighter program, known as the "KF-X" project.Speculation about U.S. reluctance arose after reports that the department was negativ
DefenseDec. 2, 2015
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Hyundai, Kia see U.S. sales grow 7% in Nov.
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their combined sales in the United States grow 7 percent in November, industry data showed Tuesday.The two South Korean auto giants sold a combined 105,560 units in the U.S. last month, up from 98,608 units during the same period last year, the data showed. But the pace of growth slowed from October's 16 percent.Hyundai Motor sold 60,007 cars in the U.S., up 12 percent from a year earlier, while Kia Motors' sales grew 1.4 percent o
MobilityDec. 2, 2015
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U.S. expresses concern over North Korea's SLBM test
The United States expressed concern Tuesday over North Korea's recent failed test of a submarine-launched ballistic missile and urged Pyongyang to refrain from violating U.N. Security Council resolutions.Yonhap News Agency reported exclusively that the North fired a KN-11 missile from a submarine in the East Sea on Saturday, but the missile failed to soar from the waters."We're obviously concerned by those reports," State Department deputy spokesman Mark Toner said at a regular briefing.The U.S.
North KoreaDec. 2, 2015