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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Korea, EEU move to expand trade, investment ties
South Korea and the Eurasian Economic Union are moving to expand trade and investment ties that can open new business opportunities and generate economic growth, the government said Friday.At the meeting between Trade and Industry Minister Yoon Sang-jick and his EEU counterpart, Andrei Slepnev, in Seoul, the two sides inked a memorandum of understanding calling for strengthening cooperation in trade and business investments, as well as more tie-ups in the industrial and energy sectors.In additio
Foreign AffairsNov. 27, 2015
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LG Display to invest 1.8 tln won in new facility
South Korean panel maker LG Display Co. said Friday it plans to invest 1.8 trillion won ($1.56 billion) in a facility to tap deeper into the organic light-emitting diode segment.Under the plan, the South Korean panel maker will build a new factory in Paju, north of Seoul, which will produce large OLED panels, including flexible models, the company said.LG Display said the new factory will be the size of 14 football fields and will be 100 meters tall. It is set to be completed in the first half o
IndustryNov. 27, 2015
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Seoul shares open higher on techs, shipbuilders
South Korean stocks opened higher Friday on the back of gains in technology companies and shipbuilders.The benchmark Korea Composite Stock Price Indexinched up 5.62 points, or 0.28 percent, to 2,036.30 in the first 15 minutes of trading.Market behemoth Samsung Electronics advanced 0.75 percent, and LG Display moved up 2.78 percent. Global chipmaker SK hynix moved up 1.22 percent.Shipbuilders also started higher, with Hyundai Heavy Industries moving up 0.75 percent and Samsung Heavy Industries in
Nov. 27, 2015
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Kim Jong-un inspects shoe factory, calling for world's best footwear
North Korean leader Kim Jong-un inspected a shoe factory and called for the production of the world's best quality shoes, the country's official news media said Friday. "The ruling party demands everything intended for the people should be the world's best quality," Kim said during his visit to the shoe factory in the east coast port city of Wonsan, according to the Korean Central News Agency's report. "Let's fight vigorously to produce famous goods and produce what can compete in the world,"
North KoreaNov. 27, 2015
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Two Koreas reaffirm interest in dialogue itself
South and North Korea have managed to keep the dialogue mood afloat but a significant deal on major pending issues will likely remain elusive, experts here said Friday.After marathon working-level talks at the truce village of Panmunjom, the two sides agreed to hold a vice ministerial meeting on Dec. 11 at the Kaesong Industrial Complex in the North's border town.They announced that inter-Korean issues related to the improvement of bilateral ties will be discussed."The two sides seem to have mad
North KoreaNov. 27, 2015
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Rival parties seek to ratify FTA with China
South Korea's rival parties agreed Friday to try to ratify the country's free trade deal with China during a full parliamentary session next week, the parties said.Floor leaders of the ruling Saenuri Party and the main opposition New Politics Alliance for Democracy said they agreed during a breakfast meeting to hold the main parliamentary session on Monday to discuss the ratification.The meeting at a Seoul hotel was also attended by Finance Minister Choi Kyung-hwan. (Yonhap)The Free Trade Agree
Nov. 27, 2015
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Rising outbound travelers buttress tour agencies' earnings
South Korea's tour agents are forecast to post better earnings this year as a sharp rise in outbound travelers offset a fall in the number of foreign visitors in the wake of the Middle East Respiratory Syndrome outbreak in the country, according to market watchers Friday. The MERS outbreak in late May led to mass cancellations of flights and tour programs scheduled in the summer, cutting tour agencies' earnings in the third quarter. Hana Tour, the nation's leading tour agency, saw its operating
Nov. 27, 2015
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Koreas to hold vice minister-level talks on Dec. 11
The two Koreas agreed to hold vice-minister-level talks at the joint industrial complex in the North Korean border city of Gaeseong on Dec. 11 to discuss bilateral pending issues to improve cross-border relations, Seoul’s Unification Ministry said Friday. Kim Ki-woong (right), assistant minister of South Korea’s Unification Ministry’s Special Office for Inter-Korean Dialogue, shakes hands with Hwang Chol (left), a senior official of the North’s Committee for Peaceful Unification of the Fatherla
North KoreaNov. 27, 2015
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House of ex-lawmaker's aide raided over alleged political funds
Prosecutors said Thursday they have raided the house of an aide to a former ruling party lawmaker, who is suspected of receiving illegal political funds.The Daegu District Court said they will summon Sim Hag-bong, former lawmaker of the ruling Saenuri Party, after analyzing materials confiscated from three places, including the house of Sim's aide.Last month, Sim stepped down from his post after the National Assembly passed a motion to expel him on suspicion of sexually assaulting a woman in her
Foreign AffairsNov. 26, 2015
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Two German financial firms ordered to pay for market manipulation
A South Korean district court on Thursday ordered two German financial institutions to compensate for the losses it caused a local bank after it manipulated the South Korean stock market in 2010 in an incident known here as the "Nov. 11 Options Shock."The Seoul Central District Court sided with KB Kookmin Bank in a civil lawsuit filed against Deutsche Bank and Deutsche Securities, demanding that the German financial institutions pay 718.5 million won (US$624,600) to the South Korean bank.Deutsch
Foreign AffairsNov. 26, 2015
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U.N. rapporteur calls for accountability over N.K. human rights abuse
The U.N. special rapporteur on North Korea's human rights situation on Thursday called for accountability for the serious human rights abuses in the communist country.Marzuki Darusman made the appeal during his last official visit to South Korea, saying "nothing has changed" in the two years since the U.N. Commission of Inquiry released a landmark report accusing the North of grave crimes against humanity, including keeping political prison camps, abducting foreigners and forcing people to starv
Foreign AffairsNov. 26, 2015
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China replaces key party official in charge of ties with N. Korea
China's ruling Communist Party has replaced a key official in charge of political relations with North Korea and other countries, according to Chinese state media reports on Thursday.Wang Jiarui, head of the Chinese Communist Party's international department who held the post for 12 years, stepped down and career diplomat Song Tao was picked as Wang's successor, media reports said. The website of the department also showed that Song became its head. It was not immediately known why Wang was repl
Foreign AffairsNov. 26, 2015
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[NEWSMAKER] Russia & Turkey: Historic foes facing future
ISTANBUL, (AFP) -- Turkey's downing of a Russian war plane on the Syrian border risks inflicting significant damage on relations between Moscow and Ankara, even if they both have an interest in avoiding a permanent rupture.Modern Turkey and Russia are the successor states of empires that fought over three centuries of war from the late 16th century for the Black Sea and Caucasus but in recent years forged a sometimes uneasy but pragmatic alliance.Energy-poor Turkey relies on Russia for over half
Social AffairsNov. 26, 2015
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Most Koreans feel insecure about job status
The majority of Koreans are insecure about their current employment status, according to a biennial poll from the government’s statistical office released on Thursday.The 2015 society sector survey on about 39,000 Koreans conducted by Statistics Korea showed 61 percent of the employed respondents said they “feel insecure about their current job status.” The office said it sampled a cross section of Korean households in 27 residential districts nationwide for research on segments such as labor, i
Nov. 26, 2015
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Korea suffers lack of work motivation, brain drain: survey
South Koreans are among the least motivated workers in the world, which might be linked to the “brain drain” that hampers the nation’s competitiveness, according to a report by a Swiss business institute. The World Talent Report 2015 by the Institute for Management Development said South Korea came in at 54th among 61 economies across the world in terms of its employees’ motivation at work. Asia’s fourth-largest economy also saw a serious outflow of local talents, landing at 18th among the surve
Social AffairsNov. 26, 2015
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Fixed bonuses part of regular pay: top court
The Supreme Court on Thursday ruled that the fixed amount of performance-based bonus paid on a regular basis should be considered part of workers‘ regular wages, in a landmark ruling that effectively handed a victory to 1,025 employees of GM Korea in their legal dispute against the company. South Korea’s top court upheld a ruling by a lower court that said GM Korea should include its monthly paid bonus and family allowance as part of the regular wages, which forms the basis for calculating each
Social AffairsNov. 26, 2015
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Young N.K. defectors keen on unification
College students who defected from North Korea feel the need for unification more than South Korea-born students, a survey showed Thursday.The survey was compiled by Story K, a youth forum, by interviewing 257 native South Koreans and 180 North Korean defectors currently attending universities here over a seven-day period this month.According to the report, 44 percent of South Korean students said they “mostly disagreed” with the statement that “unification should be realized as soon as possible
Social AffairsNov. 26, 2015
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Parties lock horns over Korea-China FTA
Rival parties Thursday clashed over the delayed ratification of a free trade agreement signed between South Korea and China in June, casting a shadow over the government’s push to see the pact in effect by the end of this year. While the ruling Saenuri Party urged the main opposition New Politics Alliance for Democracy to agree on holding a plenary session this Friday to ratify the FTA, the NPAD rejected the call unless the government implements measures to compensate those it said would suffer
Latest NewsNov. 26, 2015
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Korea says goodbye to Kim YS
From the streets leading to the National Assembly in Seoul where a state funeral was held for late President Kim Young-sam to the National Cemetery where he was laid to rest, South Koreans bade a final farewell on Thursday to the iconic democracy fighter who ended decades of military rule.Kim, who died Sunday, was honored at the state funeral in front of the parliament with more than 10,000 guests attending. The list included former presidents, prominent politicians, business representatives, an
PoliticsNov. 26, 2015