Most Popular
-
1
Yoon warns North Korea against nuclear attack attempt
-
2
81-year-old model awarded ‘best dressed’ in Miss Universe Korea
-
3
Seoul mayor suggests shift in immigration policy
-
4
'Smart pill'? ADHD treatment prescriptions spike this year
-
5
AI textbook bubble could burst, expert warns
-
6
[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
-
7
[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
-
8
Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
-
9
Samsung tightens its belt amid crisis winds
-
10
Man calls 119, found dead 1 week later because officials went to wrong place
-
S. Korea raises alert level on terrorism
South Korea has raised the alert level by one notch and vowed to tighten security in major facilities in the wake of the deadly terror attacks in Paris, officials said Tuesday. After holding a meeting involving ministries concerned about anti-terrorism countermeasures on Monday, the government decided to raise the alert level from "concern" to "caution," according to the officials. It is the second-highest warning in the country's four-tiered system. The "caution" level entails tougher measures
Social AffairsNov. 17, 2015
-
Russia confirms bomb attack brought down Egypt plane, vows revenge
Russia’s President Vladimir Putin vowed vengeance as Moscow on Tuesday confirmed that a bomb attack brought down a Russian passenger jet over Egypt last month, killing all 224 people on board. Putin pledged to ramp up Moscow's bombing campaign in Syria in response to the attack but stopped short of blaming any one group as the country's security agency announced a $50 million reward for information leading to capture of those responsible. "It is not the first time that Russia confronts barbarous
World NewsNov. 17, 2015
-
Shadow regulation and financial reforms
This is the seventh in a monthly series contributed by executive members of the Financial Supervisory Service to address key ongoing financial issues. ― Ed.By Kim Young-kiWe have often heard of “shadow banking,” which is considered to trigger financial crises. Now “shadow regulation,” the regulatory version of shadow banking, has become a familiar term. The word “shadow” is mostly taken in a negative context that symbolizes darkness and unconsciousness, much in contrast with “light.”Due to its f
Nov. 17, 2015
-
KB holds SME job fair
KB Kookmin Bank opened its biannual job fair Tuesday in an effort to help resolve the manpower shortage of small and medium-sized enterprises and to lower unemployment.The two-day 10th KB Good Job Fair was held at Songdo Convensia in Incheon, inviting some 200 blue chip companies and over 20,000 job-seeking youths, according to officials. KB Kookmin Bank holds KB Good Job Fair at Songdo Convensia, Incheon, on Tuesday. KB Financial GroupThe participating companies are top-ranking SMEs selected by
Nov. 17, 2015
-
[Newsmaker] Belgian probed as Paris attacks mastermind
A leading Belgian jihadist in Syria who has boasted in videos about planning attacks in Europe and evaded police in his home country is being investigated as a possible mastermind of the Paris attacks, a French source said Monday.Abdelhamid Abaaoud (AP-Yonhap)Abdelhamid Abaaoud, a 28-year-old Belgian of Moroccan descent, has fought along the Islamic State group in Syria and has been on the run since police stormed a jihadist cell in eastern Belgium’s Verviers in January.Investigators now see a l
World NewsNov. 17, 2015
-
Rising household debt weighs down sputtering economy
The Bank of Korea’s decision last week to freeze its benchmark interest rate at a record low of 1.5 percent for five consecutive months has been seen by many economists here as signaling a possible turnaround from its policy tuned to help boost the growth momentum of the country’s economy. Since August 2014, the central bank has cut the rate on four occasions by a total of 1 percentage point.After the latest rate-freeze decision was announced Thursday, a BOK official said it was clear that its n
Nov. 17, 2015
-
France seeks EU security aid, launches new airstrikes in IS
France made an unprecedented demand for its European Union allies to support its military action against the Islamic State group as it launched new airstrikes on the militants' Syrian stronghold, days after attacks in Paris linked to the group killed at least 129 people. The Eiffel Tower is lit with the blue, white and red colours of the French flag in Paris, France, Nov. 16, 2015, to pay tribute to the victims of the terror attacks on Friday in the French capital. (Xinhua)France invoked a never
World NewsNov. 17, 2015
-
BOK warns of emerging market debt
Mounting household debt is one of the key aggravating risk factors facing emerging economies including Korea, the central bank chief told corporate executives Tuesday.“When it comes to the previous financial crises, there was excessive credit (from financial firms) to the private sector (as a core trigger),” Bank of Korea Gov. Lee Ju-yeol said in a speech at a Korea Chamber of Commerce and Industry meeting in Seoul.Korea saw its household debt reach an all-time high of 1.13 quadrillion won ($965
Nov. 17, 2015
-
[SUPER RICH] Aekyung Group gains big as Jeju Air goes public
Aekyung Group’s low-cost carrier Jeju Air went public on Nov. 6, 10 years after its establishment, increasing the assets of the the midsize retailer and household goods conglomerate’s controlling family.Jeju Air debuted on the nation’s main bourse KOSPI at 48,100 won ($41.16) per share.Affiliates of Aekyung Group own a combined stake of 67.5 percent in Jeju Air -- with AK Holdings having 57.2 percent and Aekyung Co. 10.26 percent.As regards AK Holdings, group family members and its affiliates co
IndustryNov. 17, 2015
-
Lotte, SK Networks face tough road after losing duty-free licenses
The failure of duty-free operators to get their licenses renewed for operating stores in Seoul is taking its toll on their staff and location management, sources said Tuesday. People walk past the Lotte Duty Free store at Lotte World Tower in Gangnam, Seoul. (Yonhap)Korea’s top duty-free operator Lotte and SK Group subsidiary SK Networks have to close their lucrative duty-free stores ― one each ― after the government chose to give the license to rival bidders Shinsegae and Doosan last week. To m
IndustryNov. 17, 2015
-
[SUPER RICH] Pharma king shakes up superrich rankings
There is a new entrant in the ranks of Korean superrich.Hanmi Pharmaceutical founder and chairman Lim Sung-ki became a prominent superrich as the company signed licensing agreements with several global pharmaceutical companies this year, including Belgium-based Janssen Pharmaceutica and France-based Sanofi.The multibillion-dollar licensing agreements caused the shares of Hanmi Pharmaceutical and its parent company Hanmi Science to skyrocket. Stocks of Hanmi Pharmaceutical closed at 755,000 won (
IndustryNov. 17, 2015
-
[Graphic News] Teenage smokers on the decline
The number of teenage smokers has declined this year, by over 60,000 among middle and high school students, according to the latest data.The number of students who picked up the habit was also the lowest in the last decade, according to the Ministry of Education and the Korea Centers for Disease Control and Prevention.In the statistics released on Monday, the ministry said that the rate of teenagers who smoked in the last 30 days dropped to 7.8 percent, a 1.4 percentage point drop from last year
Social AffairsNov. 17, 2015
-
Korean youths turn to clinical trials for cash
Nearly 50 Koreans have died in the last three years after participating in paid clinical trials and suffering from adverse effects, while an increasing number of financially struggling young Koreans turn to such trials to make easy money, a report by a local nongovernment agency showed. According to the report by the People’s Solidarity for Participatory Democracy, which used data released by Rep. Kim Sung-ju of the New Politics Alliance for Democracy, 476 Koreans who participated in such trials
Social AffairsNov. 17, 2015
-
[David Ignatius] Harnessing a coalition of disgust
Do Western nations think that Muslim lives matter less? Most of us would resist any such characterization of callousness. But Western outrage about the carnage in Paris, coupled with near-indifference to similar killings in the Arab world, suggests to many Muslims that a double standard exists — and they find it deeply upsetting. In the past week, terrorists apparently aligned with the Islamic State conducted three savage attacks: The assaults in Paris that killed at least 129 people Friday nigh
ViewpointsNov. 17, 2015
-
[Lee Jae-min] Namsan padlocks and ‘I.Seoul.U’
There are tens of thousands of them, in different colors and shapes. At the base of the Seoul Tower on Mount Namsan, you can see how many different small padlocks there are in the world. They are hanging on fences surrounding the tower and Christmas tree-shaped metal structures. These “padlocks of love” are put there by couples and families wishing for eternal love and happiness, believing that the locks symbolize vows and commitments. Messages of affection and well-wishes are written on the
ViewpointsNov. 17, 2015
-
[Editorial] Dark side of elite school
The multiple cases of irregularities city education officials have found in their recent audit of the Hana Academy Seoul make one wonder whether the school — specifically its board members and staff — is qualified to educate some of the nation’s brightest students. The audit, initiated following tips from a whistle-blower — a teacher from the school — exposed an assortment of wrongdoings and irregularities. School officials gave high-valued contracts — without going through the legally required
EditorialNov. 17, 2015
-
Top court to establish patent dispute mediation center
Korea’s top court will establish a patent dispute mediation center as part of efforts to promptly help settle cross-border legal battles involving intellectual property rights, officials said Tuesday. The Supreme Court said it would launch a special “one-stop” center under the Patent Court where the international intellectual property conflicts can be negotiated and resolved. “Mediation is crucial in patent cases, as they mostly deal with highly professional knowledge and sensitive issues involv
Social AffairsNov. 17, 2015
-
Park calls for lifting of trade barriers
President Park Geun-hye urged the leaders of advanced nations to lift protective measures and expand free trade to fight the prolonged economic and trade slowdown worldwide.Citing South Korea as an example of global trade serving as a vehicle for rapid economic growth, Park said she was proposing to strengthen efforts to reduce trade barriers first to revitalize the sluggish economy.“I recommend the G20 countries to make efforts to liberalize multilateral trade through bilateral or regional free
Foreign AffairsNov. 17, 2015
-
Number of kids studying abroad falls 63% in 8 years
Yoon Jeong-sik, a 30-year-old who has studied in the U.S. for half of his life, has struggled to find a job in Korea. Having graduated with a bachelor’s degree in political philosophy from a state university in California, Yoon has remained unemployed for almost two years since finishing his mandatory military service. “I thought the applicant like me who speaks fluent English and has work experience would have little trouble getting a job in Korea,” said Yoon. He applied to more than 30 compan
Social AffairsNov. 17, 2015
-
Dansaekhwa master gets posthumous gallery exhibition
Dansaekhwa, the Korean genre of monochrome painting, is enjoying rising popularity in the global art market. But only a few dansaekhwa artists are still alive to see their works finally get global recognition. Many of the artists, who mostly produced work from the 1960s to 1980s, have passed away. Those who are still around are mostly in their 80s. Nevertheless, their masterpieces have made dansaekhwa perhaps the fastest growing art movement in the global art world.An ongoing exhibition at Kukje
PerformanceNov. 17, 2015