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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AI textbook bubble could burst, expert warns
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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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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Pentagon declines comment on N.K.'s SLBM test
The Pentagon declined Monday to comment on North Korea's recent failed test of a submarine-launched ballistic missile, citing intelligence matters.Yonhap News Agency reported that the North fired a KN-11 missile from a submarine in the East Sea on Saturday, but the test ended in failure as the missile failed to soar from the waters."As far as whether North Korea attempted an SLBM launch, we will not discuss intelligence matters," said Cmdr. Bill Urban, a U.S. Defense Department spokesman.In May,
North KoreaDec. 1, 2015
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Banks' loan delinquency rate edges up in Oct.
The delinquency rate for loans extended by South Korean banks edged up in October from a month earlier due to a rise in soured loans extended to small- and mid-sized enterprises, the financial watchdog said Tuesday.The average delinquency rate for bank loans stood at 0.7 percent at the end of October, up 0.04 percentage point from a month earlier, according to the Financial Supervisory Service.From a year earlier, the figure dropped 0.2 percentage point, it added.Loans with both the principal an
Dec. 1, 2015
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Korea, U.S., Japan to hold trilateral meeting of nuclear envoys
The chief nuclear envoys of South Korea, the United States and Japan will hold a trilateral meeting in Washington this week to discuss how to deal with North Korea, the State Department said Monday.Amb. Sung Kim, U.S. special representative for North Korea policy, will host Thursday's meeting with his South Korean counterpart, Hwang Joon-kook, and Japanese counterpart Kimihiro Ishikane "to exchange views on a wide range of issues related to the North," the department said in a release.Kim will a
Foreign AffairsDec. 1, 2015
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Park asks Putin to play role in reviving nuclear talks
President Park Geun-hye asked her Russian counterpart, Vladimir Putin, to play an active role to help revive meaningful talks on ending North Korea's nuclear weapons program, Cheong Wa Dae said Monday.Russia has been involved in the long-stalled six-nation talks aimed at ending North Korea's nuclear weapons program in return for political concessions and economic aid. The nuclear talks -- which also involve the two Koreas, the U.S., China and Japan -- were last held in 2008.Park also asked Putin
InternationalDec. 1, 2015
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Korea's inflation hits one-year high in Nov.
South Korea's consumer inflation inched up to a one-year high in November as a drop in oil prices slowed, a government report showed Tuesday, a positive development for Asia's fourth-largest economy struggling to shake off deflation concerns.The country's consumer price index gained 1 percent last month from a year earlier, up from a 0.9 percent on-year gain in October and the highest increase since November 2014, according to the report by Statistics Korea."The main reason for the rise in numbe
Dec. 1, 2015
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Hyundai chief to meet with overseas sales leaders
Hyundai Motor Group Chairman Chung Mong-koo will meet with heads of overseas sales units in mid-December to discuss sales tactics and future business plans in global markets, industry sources said Tuesday.During the meeting to be held at its headquarters in Seoul, around 60 heads of sales units of Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will gather and exchange opinions on the latest market trends and sales plans for next year, according to the sources. During the meeting, w
MobilityDec. 1, 2015
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Park calls for efforts for launch of new deal on climate change
South Korean President Park Geun-hye has called for global efforts to launch a new deal on combating climate change, saying there is no time for hesitation as the concentration of carbon dioxide in the Earth's atmosphere has reached record levels."We must marshal the collective will and capacities of the entire world and make absolutely sure that this Climate Change Conference gives birth to a new climate regime," Park said Monday in a speech at the leaders' event of a crucial U.N. conference on
InternationalDec. 1, 2015
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Park visits site of deadly terror attack in Paris
President Park Geun-hye has visited the site of the deadly terror attack in Paris after attending the U.N. climate change summit, in a symbolic gesture that underscored South Korea's solidarity with France.Park laid white chrysanthemums in front of the Bataclan Theater and paid silent tribute to those who were killed in the attack on Nov. 13."I offer condolences to the victims of the terror attack, and we will always be with France," Park told French culture minister Fleur Pellerin at the site o
InternationalDec. 1, 2015
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North Korean leader visits remodeled education center for students
North Korea's leader Kim Jong-un has visited a recently remodeled facility for primary and middle school students' extracurricular activities, the North's media said Tuesday.The leader visited the Mangyongdae Schoolchildren's Palace, a comprehensive after-school education center for school students, according to the Korean Central News Agency. It did not specify the date of his visit.Kim ordered the remodeling of the center, which includes a gym and a swimming pool, in May last year.The leader e
North KoreaDec. 1, 2015
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Korea's exports drop 4.7% on-year in Nov.
South Korea's exports continued to decline in November largely due to low oil prices, but its trade surplus reached a record high as imports dipped at a faster clip than exports, the government said Tuesday.Outbound shipments came to $44.43 billion last month, down 4.7 percent from the same month last year, according to the Ministry of Trade, Industry and Energy. South Korea's exports have fallen every single month since the start of the year.Despite the cut in exports, the country's trade surpl
Dec. 1, 2015
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Gimpo Airport to open first business jet terminal in April
Korea will capitalize on the fast-growing business aviation market with the opening of the nation’s first terminal for business jets at the Gimpo International Airport in April next year. An artist’s rendering of the Business Aviation Center at Gimpo International Airport, which will open in April. Gimpo Airport“The Gimpo Business Aviation Center will play a role as a small airport for business jet passengers and aircrafts,’’ Chung Duck-kyo from the Gimpo Airport said.The Airport invested about
Dec. 1, 2015
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S. Korean Catholic bishops to visit N. Korea this week
A group of South Korean Catholic bishops said Monday its members plan to visit North Korea this week to discuss ways of promoting cooperation with its North Korean counterpart.The Catholic Bishops' Conference of Korea said the 17-member delegation, led by Archbishop Kim Hee-joong, will visit North Korea from Tuesday to Friday on the invitation of the North's association on Catholics.It said they plan to discuss how to promote cooperation among Catholics of the two Koreas, including the program c
CultureNov. 30, 2015
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Metal piece found at Seoul-Pyongyang joint excavation site
South and North Korea have unearthed a piece of metal type at an ancient palace in the North's border city of Kaesong as they wrapped up a joint excavation project, a group of historians said Monday.The block of movable metal type was one of about 3,500 relics that have been excavated at the site of Manwoldae, a Goryeo Dynasty (918-1392) palace in Kaesong, during the six-month project, according to the group of the two Koreas' historians.South and North Korea kicked off the project on June 1 to
CultureNov. 30, 2015
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S. Korea ranked 1st in ICT development
South Korea was No. 1 in development of its information and communications technologies (ICT), a U.N. agency said Monday, relegating Denmark to second place.On its Website, the International Telecommunications Union (ITU) said Asia's fourth-largest economy ranked first among 167 countries surveyed. Last year, South Korea lost its top spot to Denmark for the first time since 2010.Iceland came in at third, followed by Britain, Sweden, Luxembourg, Switzerland, the Netherlands and Finland. Hong Kong
TechnologyNov. 30, 2015
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[Newsmaker] Kakao, KT pin hopes on Internet-only banks
Expectations are reaching new heights for Korea’s first online-only banks, or direct banks, to spark enormous changes not only in the country’s 120-year-old financial sector but also in other industries including information technology and retail.The financial authorities have given preliminary approval to two consortiums ― Kakao Bank and K-Bank, led by mobile messenger creator Kakao and mobile carrier KT, respectively ― to set up the banks with no brick-and-mortar branches. They will be the fir
TechnologyNov. 30, 2015
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Korea needs to go extra mile to boost household income
Ministry of Strategy and FinanceYonhapEconomic policymakers in the government seem to be pinning their hopes on further boosting domestic demand to reach next year’s gross domestic product growth target of 3.3 percent.The framework of economic policies for 2016, which is to be unveiled later this month, is seen to focus on keeping an upward trend in domestic consumption and supplementing fiscal stimulus put into practice this year.An official at the Ministry of Strategy and Finance said a divers
Nov. 30, 2015
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Internet banks could spark financial ‘big bang’
A front image of Kakao websiteThe upcoming launches of the nation’s first two Internet-only banks is likely to put pressure on the overall banking industry to minimize branch numbers and payrolls for better profitability, analysts said Monday.In addition, they said, major first-tier banks will have no choice but to diversify their financial products as the competition in an already saturated market intensifies.Kakao Corp. and KT Corp. have won preliminary licenses to run Internet-only banks, tri
Nov. 30, 2015
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Park seeks to bridge gap on climate deal
Park gets off her plane at the Paris Orly Airport on Monday. YonhapPresident Park Geun-hye on Monday called for stepped-up efforts to bridge the difference between rich and poor countries over a climate change deal, vowing to take an active role in reducing greenhouse gas emissions, and to provide green technologies and finance for developing countries.At an opening of a U.N. conference on climate change held in Paris, Park expressed South Korea’s commitment to its voluntary action plan to tackl
Foreign AffairsNov. 30, 2015
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FTC probes VW ads’ claims to ‘clean diesel’
Korea’s Fair Trade Commission has launched an investigation into allegations that the scandal-ridden Volkswagen Group misled Korean customers about its vehicles being overly eco-friendly and fuel-efficient, it was revealed Monday. If proved, the German carmaker may face fines of up to 2 percent of its sales in the country, the authorities said. The Korean government last week had slapped a recall order on 125,522 Volkswagen vehicles that are suspected of being equipped with its controversial emi
MobilityNov. 30, 2015
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Police say will use paint to nab violent protestors
Amid mounting tensions ahead of the upcoming Dec. 5 antigovernment rally, the police renewed its determination to take heavy-handed measures against “violent” demonstrators, as their stepped-up warning continued to prompt a public backlash. The police announced a new plan on Monday in a press statement to prevent what it labeled illegal and violent protests. It said it would spray paint into the crowd at the upcoming rallies to better distinguish protestors committing violence and arrest them on
Social AffairsNov. 30, 2015