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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Rajin-Khasan project enters 3rd test run
The third trial operation of a logistics cooperation project involving the two Koreas and Russia began Tuesday, with Seoul officials conducting an onsite inspection in the North to determine the project’s feasibility.A day earlier, the Seoul government sent 20 officials to Rajin and Sonbong on the North’s northeastern coast via Russia’s Vladivostok, to check the port facilities in Rajin and the North’s overall capabilities to load and unload cargo containers, officials said.The three nations hav
North KoreaNov. 17, 2015
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Tate Modern chief advises Korea to open up to foreign museum directors
Korea should be open to accepting foreign museum directors if it wants to expand its global presence in art amid growing competition with China, Japan and India, according to Chris Dercon, the director of London’s Tate Modern. Dercon spoke on Korea’s possible appointment of a foreign director to the National Museum of Modern and Contemporary Art, one of the hottest issues in the country’s art circle. “I think it’s very important to open up,” said Dercon, at the reception after the awards ceremon
PerformanceNov. 17, 2015
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‘N.K. has yet to notify IMO of no-sail zone’
North Korea has not notified the International Maritime Organization of its alleged declaration of a no-sail zone, the IMO said Tuesday, two days after a Seoul official said Pyongyang set the zone in the East Sea, effective from Nov. 11 to Dec. 7. Washington-funded broadcaster Voice of America reported the IMO spokesperson said the U.N. organization was not informed of Pyongyang’s no-sail zone.On various occasions, the communist state has notified the IMO of its no-sail zones. But there was no
North KoreaNov. 17, 2015
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[Kim Seong-kon] Saving the ‘G Generation’ from defeatist dependency
With job opportunities becoming increasingly scarce, young Koreans began calling themselves the “Three G Generation” some time ago. The “G” was a reference to the three things they had to “give up” in life -- falling in love, getting married and having a child -- because of their low income and high prices. As the job market became tighter, the nickname changed to the “Five G Generation,” with two additions to the list of sacrifices: getting a job and buying a house. Then emerged the “Seven G
ViewpointsNov. 17, 2015
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Entrepreneurship key to growth in ‘platform’ economy
The start-up fever may be spreading fast across the globe, but is yet to fully blossom in Korea and needs to be encouraged, according to a leading expert. “According to the 2016 Global Entrepreneurship Index, which was released last week, Korea needs to encourage competition and provide more opportunities (to spread entrepreneurship among young people),” Timo Nyberg, a senior fellow of Aalto University in Finland, said in a recent interview with The Korea Herald. The index, compiled by U.S.-base
IndustryNov. 17, 2015
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Internet banks given grace period for financial soundness requirements
(123RF)Financial authorities have decided to give a three-year grace period to the nation‘s first Internet-only banks to meet financial soundness requirements in a move to nurture the new financial industry. The Financial Services Commission said Tuesday that the Internet-only banks will face lower financial soundness requirements compared to their brick-and-mortar peers. The grace period, which will end in 2019, aims at giving the new banks time to lodge themselves in the financial market tha
Nov. 17, 2015
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[Herald Interview] iKON upgrades with ‘Apology’
It‘s difficult to think of YG Entertainment’s latest boy band iKON as just another rookie group.After topping the charts with their warm-up single “My Type” released Sept. 15, they enjoyed another hit with hip-hop track “Rhythm Ta” on their debut half-album released Oct. 1. Now they’ve hit No. 1 again with the single “Apology,” released Monday. Even before coming out with their first full album, the group already had a debut concert at the Gymnastics Arena in Olympic Park, a venue usually reserv
PerformanceNov. 17, 2015
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[Editorial] Antiterrorism laws
The shocking terrorist attacks in Paris have quite naturally put Korean authorities on edge. Government officials have been holding a series of meetings to assess the situation in France and elsewhere in the world and take necessary steps. Likewise, politicians are busy calling meetings to discuss the latest terrorist attacks that are believed to have been orchestrated by the Islamic State militant group. The National Assembly held a meeting of the Foreign Affairs Committee Tuesday and the ruli
EditorialNov. 17, 2015
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[Photo News] Combat female cancer
COMBAT FEMALE CANCER -- AIA Life Korea CEO Daniel L. Costello (fifth from left) poses with Ewha Womans University Cancer Center for Women chief Paik Nam-sun (sixth from left), officials and a female patient after delivering a 180 million won ($154,000) donation fund for female cancer patients. (AIA Life Korea)
Nov. 17, 2015
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[Photo News] Philips enhances partnership with Korean hospitals
Philips enhances partnership with Korean hospitals -- Willem Rozenberg (second from left, front row), senior director of Philips, poses with Jung Dae-soo, president of Pusan National University Hospital, and other staff, after signing on for a partnership for the development of the Korean medical industry. (Philips Korea)
IndustryNov. 17, 2015
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POSCO ICT seeks to export baggage handling system
POSCO ICT, a subsidiary of South Korea’s leading steelmaker POSCO, said Tuesday it will begin efforts to export its baggage handling system to countries like China, Iran and Saudi Arabia, where many new airports are being built. The company’s self-developed system enables the automatic transfer of travelers’ luggage from the airport terminal to planes using readable tags attached to the bags. POSCO ICT`s baggage handling system at work inside Incheon International Airport in South Korea (POSCO I
IndustryNov. 17, 2015
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Merck renews brand for growth
The Korean branch of the world’s leading chemical firm Merck has renewed its brand in a bid to shift its focus toward future-oriented businesses.Introducing its redesigned logo, which comes in a series of different colors, Michael Grund, the managing director of Merck’s Korean office, said the rebranding was not just about the change of the corporate logo, but is about changing directions for the company. Merck Korea managing director Michael Grund delivers a speech at a press meeting in Seoul o
TechnologyNov. 17, 2015
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Korean teenage IS member assumed dead: ministry
A South Korean teenager, who reportedly joined Islamic State, is believed to be dead, a senior government official said Tuesday.The 18-year-old Kim disappeared in January during his trip to the southern Turkish town of Kilis.The National Intelligence Service said Kim seems to have crossed the border into Syria and joined the extremist militant group."We assume he is dead," Vice Foreign Minister Lim Sung-nam said during a meeting of the parliamentary committee for foreign affairs. "But nothing ha
InternationalNov. 17, 2015
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Philips Korea names new general manager for consumer lifestyle
Philips Korea, the local branch of leading Dutch health care and lighting company Philips, has appointed Peter Kwak, former country manager of Nike Korea, as general manager of its personal health division. Kwak, who worked at the footwear firm for 12 years and as CEO of its Korea arm since 2009, is a seasoned businessman in the fast-moving consumer goods industry, having led Nike Korea to double its revenue under his leadership, Philips noted. He previously worked at McKinsey & Company in Chic
IndustryNov. 17, 2015
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K-Sale Day to kick off ahead of U.S. Black Friday
Korean retailers will kick off the second annual K-Sale Day event offering major discounts on goods starting Friday, ahead of the U.S. Black Friday sales scheduled for Nov. 27. Aiming to record a sharp increase in sales, retail giants including Lotte, Hyundai and Shinsegae department stores as well as large supermarkets, convenience stores, restaurants, electronics stores and clothing brands will hold various sales events as part of K-Sale Day, which will run through Dec. 15. Shoppers shift thro
IndustryNov. 17, 2015
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[Photo News] LG LED projector in spotlight
LG LED PROJECTOR IN SPOTLIGHT -- LG Electronics said Tuesday its portable projector lineup Mini Beam has crossed the 500,000 sales mark worldwide, maintaining the No.1 position in the global light-emitting diode projector market for five years in a row. (LGE)
TechnologyNov. 17, 2015
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[Photo news] Ferrari's strongest spider debuts in Seoul
Ferrari Japan managing director Reno De Paoli, who is also in charge of the Korean market, poses next to the new 488 Spider, the Italian supercar’s latest and most powerful Spider, featuring the patented retractable hard top, a new engine and a fresh design, at the launch event in Seoul on Wednesday. The base price for the car starts from 380 million won ($325,000). FMK
MobilityNov. 17, 2015
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Reebok CrossFit Sentinel’s Euljiro branch to relocate to Gwanghwamun
The Euljiro branch of CrossFit gym Reebok CrossFit Sentinel will be relocating to Gwanghwamun, it said in a statement Tuesday. Established in 2012 as the second “box” of the CrossFit franchise, the Euljiro branch will close its facilities from Nov. 30 for six months, during which existing members will be able to use other branches located in Hannam-dong, Pangyo, Yeouido and Samseong-dong. The new Gwanghwamun quarters will open next year.The gym will make up for the inconvenience by offering vari
TechnologyNov. 17, 2015
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France launches new airstrikes on Raqqa
France has fired new airstrikes on the Islamic State stronghold of Raqqa in Syria, days after deadly attacks in Paris linked to the group.The strikes early Tuesday destroyed a command post and training camp, military spokesman Col Gilles Jaron said.France conducted sweeping raids Sunday night on Raqqa and the French president is calling for strengthened international coordination against IS after attacks killed at least 129 people around Paris on Friday. (AP)
World NewsNov. 17, 2015
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[Foreigners Who Loved Korea] McKenzie, journalist who delved into Korean justice
In Korea’s turbulent path toward independence and nation building, there were foreign nationals who stood steadfastly by the Korean people, although their contributions have been largely overshadowed by those of Korean patriots. The Korea Herald, in partnership with the Independence Hall of Korea, is publishing a series of articles shedding light on these foreigners, their life and legacies here. This is the eighth installment. ― Ed.By Yu Pil-ku, Researcher, Independence Hall of KoreaFrederick A
PeopleNov. 17, 2015