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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AI textbook bubble could burst, expert warns
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'Smart pill'? ADHD treatment prescriptions spike this year
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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Samsung tightens its belt amid crisis winds
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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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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KDB stresses broader global horizons for SMEs
Korea Development Bank chairman Hong Ky-ttak attends the state-run policy bank’s seasonal Business Leaders Forum in Yeouido, Seoul, Friday. (Korea Development Bank)Korea Development Bank chairman Hong Ky-ttak pledged stronger support for small and medium-sized enterprises, asking them to reinforce global innovation in entrepreneurship as a breakthrough from the low-growth tide. “With the Korean economy facing challenges with low growth, stronger support for the promising SMEs is more compelling
Nov. 15, 2015
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[Photo News] Samsung donates kimchi for the underprivileged
CARING WITH KIMCHI – Samsung Electronics employees and residents in Gyeonggi Province together make kimchi at the company’s headquarters in Suwon on Saturday. The Korean tech giant plans to donate 120 tons of kimchi to underprivileged people in the area. (Samsung Electronics)
IndustryNov. 15, 2015
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[Photo News] LG delivers prize to women's baseball league winner
LG PRIZE FOR BASEBALL WINNER -- LG Electronics vice chairman Koo Bon-joon (left) offers prize money to Seoul CMS, the winner of the 2015 Korea Women’s Baseball League, at the closing ceremony in Icheon on Saturday. (LG Electronics)
TechnologyNov. 15, 2015
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Seoul duty-free market set for major shift
The landscape of Seoul’s lucrative duty-free market, dominated by Lotte and Shilla as of now, is set for a major change following the bid for the expiring business licenses of three duty-free stores in the capital city. According to market data from the Korea Duty Free Association, sales at the nation’s duty free shops reached 8.3 trillion won ($8 billion) last year, with urban tax-free outlets taking 70 percent of the total revenue. Three sites have been chosen to run duty-free shops in Seoul
IndustryNov. 15, 2015
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Lexus ties with K-music to market compact sports sedan
Lexus, Toyota’s premium vehicle brand, ran a collaboration project with the Korean music scene to promote sales of its newly launched IS200t, a compact sports sedan, targeting local car lovers in their 20s and 30s. The company held a hip-hop concert-type launching event in Seoul last Wednesday, inviting around 300 potential customers and media officials to celebrate and showcase the new vehicle equipped with a new turbocharged engine and an enhanced automatic transmission system for a more dyn
MobilityNov. 15, 2015
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Shinsegae, Doosan win duty-free shop race
South Korean retail giant Shinsegae and Doosan Group, a leading industrial conglomerate, were the biggest winners in a highly contested bid for three expiring business licenses for duty-free stores in Seoul. Four conglomerates -- Shinsegae, Doosan, Lotte and SK -- had been engaged in a fierce competition over the rights to run the capital city’s duty-free outlets. Four sites have been chosen to run duty-free shops in Seoul and Busan over the next five years. Clockwise from From left: Lotte Depar
IndustryNov. 15, 2015
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4,500 nabbed for illegal immigration
More than 4,700 immigration law violators were caught in the last two months along with over 1,100 employers who hired them, Justice Ministry officials said Sunday. The ministry said it caught 4,751 foreigners in breach of immigration law including some 3,600 who worked here without a visa. The rest were people whose visas had expired. The ministry has carried out an intensive crackdown against illegal immigration since September in cooperation with police and other ministries. Under the Immigra
Social AffairsNov. 15, 2015
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1 in 7 teenagers thinks smoking harmless: survey
Park, an 18-year-old Seoul high school student, has smoked for more than three years. Smoking a few times a day, he does not think cigarettes pose significant health risks to him. “I only smoke two or three times a day. I don’t think I’m very addicted and don’t have serious health issues yet. It’s just a way to hang out with friends,” Park told The Korea Herald, asking not to be named. Park is one of a large number of Korean teenagers who do not consider smoking harmful. According to the latest
Social AffairsNov. 15, 2015
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‘The Priests’ tops 3m moviegoers
The exorcism thriller “The Priests” topped 3 million ticket sales as of Saturday, box-office data showed Sunday. Since its release on Nov. 5, the film was watched by 3.12 million viewers as of Saturday, including a daily viewer count of 460,160 registered on that day, according to the state-run Korean Film Council. Kang Dong-won in "The Priests" (CJ E&M) The record is on the same pace as box-office hits “Masquerade” (2012) and “Ode to My Father” (2014), which both crossed the coveted 10 millio
FilmNov. 15, 2015
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[David Ignatius] On foreign policy, Obama has the right target
President Obama’s foreign policy has been a regular punching bag for Republican presidential candidates, but many of their criticisms are facile. The next president -- from whichever party -- will have to confront the same puzzle that Obama has faced about how best to use U.S. power in a world that resists military solutions. Republican denunciations of Obama avoid the deeper problems: Where should America intervene, and at what cost? How should the rise of Chinese power be managed? What’s the r
ViewpointsNov. 15, 2015
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[Andrew Sheng] Small is better in modern economy
Is big always good? How are the biggest companies in the world doing? Prior to the global financial crisis, it was always assumed that bigger was better. Every company strived to become a global company, with scale, global reach and brand reputation. Telecoms to supermarkets tried to be global and dominate global trade, especially in opening new markets and putting in place global supply chains. With the invention of the Nespresso capsule and coffee machine, Unilever brought top-quality coffee
ViewpointsNov. 15, 2015
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[Editorial] Worst violence in Paris
Friday was a horrible day for the French people as a wave of terrorist attacks killed at least 129 people in Paris. Gunmen and bombers went on a shooting rampage at several locations across Paris in the worst day of violence in France since World War II. At the Bataclan rock concert hall in the heart of the French capital, four gunmen slaughtered at least 87 young people. Calling the attacks “an act of war,” French President Francois Hollande said Saturday that they were organized from abroa
EditorialNov. 15, 2015
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[Editorial] What is Japan up to?
Japan’s ruling party is reportedly planning to reexamine the history of Imperial Japan from the Sino-Japanese War in the late 19th century to World War II. Japanese media reports that the Liberal Democratic Party plans to set up this month a history review panel to mark the 60th anniversary of the party’s founding. We suspect that the move is related to Japanese nationalists’ persistent efforts to justify Japan’s aggressions against Asian countries in the first half of the 20th century. The su
EditorialNov. 15, 2015
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Kia to recall 256,000 Souls in U.S.
South Korea's No. 2 carmaker Kia Motors Corp. is voluntarily recalling 256,000 units of its box-shaped vehicle, the Soul, in the United States due to faulty steering, the company said Sunday.Kia Motors said the models include those produced between 2014-2016, along with an electric model.The recall is to fix defective adhesives used in the automobile's steering that could cause parts to fall apart.Kia said the problem does not pose an immediate danger to safety.The company said it plans to condu
MobilityNov. 15, 2015
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No Korean casualties confirmed in Paris terror attacks
No South Korean casualties have been reported in the terrorist attacks in Paris, with Seoul trying to confirm whether any of its citizens were affected.The death toll from what is believed to be Islam-related terror attacks launched on several places in the French capital Friday night (Paris time) reached 129 as of Sunday, with hundreds more injured."South Korea has so far confirmed no South Korean casualties, but it is continuing to check for any damage," an official from the Ministry of Foreig
World NewsNov. 15, 2015
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Overseas direct purchases to reach $20 bln in 2020
Direct purchases of foreign goods by South Koreans are expected to reach $20 billion by 2020, data showed Sunday, with more consumers seeking bargains through overseas-based online malls. The combined transaction volume of direct purchases came to $1.55 billion in 2014, soaring from $270 million posted in 2010, the data compiled by Hyundai Research Institute showed.Around 70.8 percent of South Korean women made purchases through direct-trade platforms, while their male counterparts held a compar
Nov. 15, 2015
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Samsung's monthly N. American TV sales top $1 bln
Samsung Electronics Co. saw its monthly shipment of TVs reach $1 billion for the first time in the North American market in October.It marked a giant leap from the monthly sales of $100 million in September 2004 and $500 million in October 2007, the South Korean tech giant said.Samsung added it became the No. 1 player in the U.S. flat TV market, currently taking up 35.1 percent. Its share in the Canadian market comes in at 38.4 percent. Citing the data compiled by market tracker NPD, Samsung sai
IndustryNov. 15, 2015
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Police arrest 51 at massive protest rally
Police said Sunday they arrested 51 people at a massive rally in downtown Seoul the previous day against the government's education and labor policies, the biggest of its kind in years.Around 130,000 demonstrators from 53 labor unions and civic organizations took to the streets Saturday in the Gwanghwamun area in protest of the Park Geun-hye government's plans to adopt state-authored history textbooks for secondary students and revamp the labor market.By the number of participants, it was the la
Social AffairsNov. 15, 2015
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Top court orders retrial for Lone Star
South Korea's top court Sunday ruled in favor of a U.S. buyout fund in a lawsuit involving the expenses for the liquidation of a joint firm between Lone Star and the state-run Korea Deposit Insurance Corporation. The order came after LSF-KDIC, an investment firm jointly established by Lone Star and KR&C, an affiliate under the KDIC, demanded KR&C pay around 40 billion won ($34.3 million) to LSF-KDIC after a dispute over a piece of property.The issue occurred when LSF-KDIC tried to sell a logisti
IndustryNov. 15, 2015
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Korea logs trade surplus for 45th straight month in Oct.
South Korea posted a trade surplus for the 45th month in a row in October as imports dropped at a faster pace than exports, customs data showed Sunday.According to the data by the Korea Customs Service, the country's trade surplus reached $6.65 billion last month, down from $7.53 billion a year earlier. The total was also down from $8.89 billion reported for September.Exports dropped 15.9 percent on-year to $43.42 billion last month, while imports fell a sharp 16.6 percent to $36.77 billion.In O
Nov. 15, 2015