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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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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Man calls 119, found dead 1 week later because officials went to wrong place
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Korean PC sales dip below 1 mn mark in Q3
South Korea's domestic sales of PCs fell below 1 million units in the third quarter, marking the first time for the quarterly figure to fall below that mark in 10 years, industry data showed on Wednesday.According to data compiled by IDC Korea, South Korea's sales of PCs came to 990,000 units in the July-September period, down 4.6 percent from a year earlier. Of that amount, laptops accounted for 460,000 units.The July-September figure marked the lowest since the 920,000 units posted in the seco
IndustryNov. 18, 2015
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Seoul shares flat in late morning trade
South Korean stocks traded nearly flat late Wednesday morning as investors sat on the sidelines over uncertainties surrounding the U.S. Fed's rate policy.The benchmark Korea Composite Stock Price Index added 1.22 points, or 0.06 percent, to 1,964.80 as of 11:20 a.m.Tech shares traded mixed, with Samsung Electronics rising 0.31 percent. Top chipmaker SK hynix slid 1.14 percent, and LG Electronics shed 1.81 percent to 54,200 won.Mobile carriers were also mixed, with SK Telecom losing 0.86 percent
Nov. 18, 2015
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Moody's retains credit rating on Korea at 'Aa3'
Global rating agency Moody's Investors Service said Wednesday it has kept the sovereign credit rating on South Korea at "Aa3," as the country's strong fiscal fundamentals are forecast to offset unfavorable external conditions."Korea's fiscal fundamentals remain very strong, supporting its Aa3 government bond rating," Moody's Vice President Steffen Dyck said in a media briefing in Seoul. The global credit appraiser has kept its current rating for Korea at its fourth-highest level since August 201
Nov. 18, 2015
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Samsung donates $500,000 to U.S. veteran foundation
South Korean tech giant Samsung Electronics Co. said Wednesday it has made a $500,000 donation to a U.S. non-profit organization for war veterans.Under the plan, Samsung will supply various home appliances, from refrigerators to TVs, to the Fisher House Foundation in Washington D.C., which provides comfort homes for veterans and their families."We hope that Samsung's electronics will help the veterans' families have a warmer and happier time," said Yoon Boo-keun, who heads the tech giant's consu
Social AffairsNov. 18, 2015
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Korea launches bipartisan body on trade pact with China
President Park Geun-hye began talks with Canada's new Prime Minister Justin Trudeau on Wednesday on the sidelines of an annual summit of Asia-Pacific leaders in the Philippines.The two leaders are expected to exchange opinions on a wide range of issues, including bilateral trade, climate change and the situation on the Korean Peninsula.It marks the first time that Park has met with Trudeau, who was elected last month. Last year, Park held a summit with Trudeau's predecessor in Ottawa and upgrade
Nov. 18, 2015
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Korea to expand anti-terror budget
South Korea decided Wednesday to spend around an additional 100 billion won ($85 million) of its budget to bolster its anti-terrorism posture.The government and the ruling Saenuri Party reached the agreement at an emergency meeting.Alarms have been raised in South Korea, an ally of the United States, after the Paris terror attacks.South Korea faces direct military threats from North Korea, and it has millions of nationals living and traveling abroad.Under the plan, the government will purchase f
Social AffairsNov. 18, 2015
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Hyundai, Kia to unveil Avante, Sportage in North America
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will unveil their latest editions of the Avante and the Sportage at a motor show currently underway in the United States, industry sources said Wednesday.Hyundai Motor set up a booth in which it will showcase a total of 17 vehicles during the Los Angeles Auto Show that kicked off on Tuesday local time. Kia Motors put 31 vehicles on display during the event. Of them, Hyundai Motor's latest edition of the Avante subcompact and Kia Motors
MobilityNov. 18, 2015
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Park calls for strengthening ties with Canada
President Park Geun-hye called Wednesday for strengthening cooperation with Ottawa as she met Canada's new Prime Minister Justin Trudeau on the sidelines of an annual summit of Asia-Pacific leaders in the Philippines.Park also said she hopes that Trudeau will successfully "make a real change."Trudeau said in a victory speech last month that it's time for "a real change" in Canada.It marks the first time that Park has met with Trudeau, who was elected last month. Last year, Park held a summit wit
Foreign AffairsNov. 18, 2015
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Europe on edge with at least one Paris attacker on the run
Europe was on high alert Tuesday with at least one of the Paris attackers on the run, as France and Russia formed an unusual alliance against the Islamic State jihadists who have claimed the worst attacks in French history. People walk towards the illuminated Eiffel Tower in the French national colors red, white and blue in honor of the victims of the attacks last Friday in Paris, Nov. 17 (Yonhap-AP)In a sign of the nervousness after Friday's carnage in Paris, a football match between Germany an
World NewsNov. 18, 2015
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Seoul shares open higher on tech, autos
South Korean stocks started higher Wednesday on the back of gains in tech and autos, continuing to recover from a brief dip earlier this week from the Paris terrorist attacks.The benchmark Korea Composite Stock Price Index added 4.84 points, or 0.25 percent, to 1,968.42 in the first 15 minutes of trading.Market behemoth Samsung Electronics climbed 1.02 percent, and LG Electronics advanced 0.36 percent. Samsung SDI climbed 1.75 percent.No. 1 carmaker Hyundai Motor added 1.59 percent, and its sist
Nov. 18, 2015
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City car sales dip after tax cut: data
Sales of city cars dropped for the past two months after the government lowered taxes on autos in August, prompting consumers to buy mid- and large-sized vehicles over smaller ones, industry data showed Wednesday.According to the data, the country's overall auto sales jumped to some 164,000 units in October from 149,000 in September and 139,000 in August.But sales of city cars with an engine capacity of less than 1,000 cc remained dull or fell slightly with 13,600 units sold in October, 15,000 i
MobilityNov. 18, 2015
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New duty-free stores raise hope for sluggish traditional markets
As Shinsegae and Doosan won the golden tickets to open their first duty-free stores in Seoul with big investment pledges, eyes are now on how they will deliver on their promises to draw foreign tourists and revitalize the slump in traditional markets.Retail giant Shinsegae and Doosan, a heavy industries conglomerate, have won the tightly contested race to take over two licenses from Hotel Lotte and SK Networks, while Lotte managed to keep its main store in the downtown capital.While the new cont
IndustryNov. 18, 2015
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Samsung smartphones top emerging markets in Q3
South Korea's tech behemoth Samsung Electronics Co. topped major emerging smartphone markets in shipments, data showed Wednesday, in line with its latest efforts to tap deeper into Southeast Asia.According to the data compiled by Strategy Analytics, the South Korean handset maker ranked No. 1 in 14 of what it calls the "next fifteen" countries over the July-September period.Samsung Electronics far outpaced other rivals in Egypt and Turkey, where it accounted for 53.6 percent and 45.2 percent of
IndustryNov. 18, 2015
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Low-level Pyongyang provocations may be in offing for next year: U.S. experts
North Korea could attempt a series of "low-level provocations" next year to mask its internal and external vulnerabilities, U.S. experts said in a report released Tuesday.Victor Cha, chief Korea analyst at the Center for Strategic and nternational Studies, and CSIS researcher Lisa Collins made the prediction in the think tank's "Global Forecast" report, saying the regime of young leader Kim Jong-un is "vulnerable to attacks on its legitimacy.""The growing space between the people and the regime,
North KoreaNov. 18, 2015
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Korean insurers net jumps 17.3% through Sept.
South Korean insurance companies saw their net income jump 17.3 percent in the first nine months of the year from a year earlier on gains from investment, the financial watchdog said Wednesday.The combined net income of local life and non-life insurers reached 6 trillion won ($5.1 billion) in the January-September period, compared with 5.1 trillion won the previous year, according to the Financial Supervisory Service.Life insurance firms posted a 19.6 percent on-year rise in profit to 3.7 trilli
Nov. 18, 2015
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Koreans' overseas card spending inches down in Q3
Overseas credit card spending by South Koreans dipped slightly from three months earlier in the third quarter despite a slight increase in the number of people going overseas, central bank data showed Wednesday.In the three months ended Sept. 30, overseas credit card spending totaled $3.3 billion, down 0.5 percent from $3.32 billion in the second quarter, according to the data compiled by the Bank of Korea.The Q3 tally marks a 3.1 percent on-year gain from $3.2 billion in the third quarter of 20
IndustryNov. 18, 2015
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U.N. special rapporteur on North Korean human rights to make last visit to Seoul next week
The U.N. special rapporteur on North Korea's human rights situation will visit South Korea next week on his final mission to Seoul before his mandate expires in March, the U.N. human rights agency said Tuesday.During the Nov. 23-27 visit, Marzuki Darusman will "assess the latest changes surrounding DPRK (North Korea) and discuss ways to ensure accountability with relevant stakeholders," the Office of High Commissioner for Human Rights in Geneva said in a statement on its website.It will be Darus
North KoreaNov. 18, 2015
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Korea defeat Laos 5-0 for 6th straight win in World Cup qualification
South Korea defeated Laos 5-0 on the road Tuesday for their sixth straight win in the regional World Cup qualification round.Big guns came through for South Korea at New Laos National Stadium, as captain Ki Sung-yueng scored twice and set up another, while Tottenham Hotspurs' Son Heung-min also grabbed a brace.South Korea improved to a perfect 6-0-0 to stay atop Group G in the second round of the Asian qualification for the 2018 FIFA World Cup. They have scored 23 goals and given up none.This wa
SoccerNov. 18, 2015
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German police arrest three with suspected Paris links
Officers in the German town of Alsdorf have arrested two women and a man suspected of being connected with the terror attacks in Paris.Special forces apprehended the trio at about 9:30 a.m. on Tuesday, police spokesman Werner Schneider said by phone, confirming a report in Aachener Zeitung.The suspects were arrested outside a job center on the Joseph-von-Fraunhofer-Strasse after police stopped their car, Aachener Zeitung reported. Officers are out in force in the town, near the city of Aachen, a
World NewsNov. 17, 2015
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Parties agree on swift passage of anti-terror law
Rival parties said Tuesday they agreed to begin discussions for the swift passage of the anti-terrorist bill following the deadly terror attacks in Paris.After holding a parliamentary meeting, the ruling Saenuri Party and the main opposition New Politics Alliance for Democracy agreed to activate relevant committees to have the pending bill pass through "as soon as possible.""The bipartisan agreement reflects public concerns amid growing needs for tougher anti-terror measures," Saenuri spokesman
PoliticsNov. 17, 2015