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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Korea seizes ex-president’s assets in U.S.
The Justice Ministry said Tuesday that the U.S. government finalized the transfer of former South Korean president Chun Doo-hwan’s laundered money in the country to South Korea. The U.S. Justice Department returned $1.12 million in U.S. assets belonging to Chun’s family to the Korean government in the first such case as part of the Korean authorities’ drive to collect unpaid fines from the 84-year-old former dictator.Justice Minister Kim Hyun-woong confirmed the agreement with his U.S. counterpa
Social AffairsNov. 10, 2015
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[Design Forum] ‘Design inspires people to dream bigger’
Design should be “meaningful, impactful and inspiring,” since it is at the center of every business decision and decides the fate of a company.That is the belief of Randi Zuckerberg, founder and CEO of Zuckerberg Media and social media pioneer.Participating in the 5th Herald Design Forum held at Grand Hyatt Seoul on Tuesday, the Zuckerberg Media CEO shed light on the importance of design in running businesses. Randi Zuckerberg, founder and CEO of Zuckerberg Media and social media pioneer, delive
TechnologyNov. 10, 2015
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Hyundai Motor unveils first Genesis model
Artist`s rendering image of the Genesis EQ900Hyundai Motor on Tuesday unveiled the EQ900, the first flagship sedan under its newly launched luxury brand “Genesis.”It is expected to help Korea’s largest carmaker spearhead into the global luxury segment -- a relatively new territory for it -- and comes less than a week after Hyundai Motor Group vice chairman Chung Eui-sun on Nov. 4 declared the launch of the brand to compete against powerhouses such as BMW and Audi. “We declare the launch of new
MobilityNov. 10, 2015
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[SUPER RICH] Shinsegae chairwoman caught with borrowed-name stocks again
Shinsegae chairwoman Lee Myung-hee Shinsegae vice chairman Chung Yong-jinShinsegae Group, the country’s second-largest retailer, declared Friday its founder and chairwoman Lee Myung-hee owned 380,000 company shares worth around 80 billion won ($69 million) under borrowed names and that she would convert them to her own name on the day. The problematic stocks were 258,449 shares of large discount store chain E-mart, 91,296 shares of Shinsegae and 29,938 shares of Shinsegae Food, which were techn
IndustryNov. 10, 2015
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[Design Forum] Hub for all things innovation and design
Around 1,000 design innovation enthusiasts flocked to the Grand Hyatt Seoul on Tuesday for the launch of this year’s Herald Design Forum. Under the theme of “Design Platform Creates Value Through Integration,” the fifth annual design forum sought to expand the realm of creative ingenuity in hopes of sparking a brighter future of innovation and outside-the-box thinking.The forum featured lectures by 11 pioneers in the fields of design and technology, including Randi Zuckerberg, founder of Zuckerb
Life&CultureNov. 10, 2015
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Health Ministry to air graphic antismoking TV ads
South Korea’s Health Ministry plans to broadcast a more “explicit” antismoking TV commercial starting next week, replacing the current one featuring ballet dancers expressing the agony of smoking’s side effects through dance movements. The new commercial, currently in production, is aimed to curb smoking among Koreans more effectively, using a combination of possibly disturbing images and messages, said Choi Shin-gwang from the Health Ministry. “We’ve been told that the current commercial with
Social AffairsNov. 10, 2015
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[Design Forum] ‘Design can help the underprivileged’
Designers have used innovative thinking to bring changes in every aspect of life. But changes they bring often fail to reach the underprivileged, creating an ever-widening gap in benefits to different sections of society. Shigeru BanJapanese architect Shigeru Ban and young Korean entrepreneur Kim Ju-yoon have turned to those who remain on the sidelines of design-led innovations, or a technology-driven life. They shared their stories of finding solutions for their chosen communities in the second
Life&CultureNov. 10, 2015
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‘China’s complex strategic culture raises unpredictability over use of force’
This is the fifth installment in a series of interviews with scholars and experts on China as a resurgent Asian power that is changing the regional order. This installment looks into China’s threat perceptions and its military strategy and modernization. -- Ed. China’s “strategic culture” is a complex mixture of Confucianism, the revolutionary aspect and the West’s realist streak, raising uncertainties over its possible responses to security threats including one related to the ongoing South Chi
Foreign AffairsNov. 10, 2015
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[Herald Interview] Humor under gloom
Korean literature, along with Korean cinema and art, is typically known to be full of doom and gloom, reflecting the country’s struggles with Japanese occupation, postwar poverty or, more recently, post-IMF depression. Translator Sora Kim-Russell, however, believes that underneath “han” -- which, roughly translated as “angst and sorrow,” is an emotion that has come to exemplify the Korean arts -- there is a subtle but rich undercurrent of humor.“I think that different readers and translators see
BooksNov. 10, 2015
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Korea to build second airport on Jejudo Island
The South Korean government said Tuesday it plans to build a second airport on the country’s southern resort island of Jejudo to accommodate the soaring air traffic to the global tourism destination.The new one-runway airport is slated to open by 2025 with estimated construction costs of 4.1 trillion won ($3.54 billion). The airport will be located in Sinsan, on the eastern side of the island between the cities of Seogwipo and Seongsan, according to the Ministry of Land, Infrastructure and Trans
Social AffairsNov. 10, 2015
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[Graphic News] Export prices post worst fall in 9 months
The monthly export prices fell to a nine-month low in October on the back of a stronger won against the greenback, the South Korean central bank said on Tuesday. The October export price index fell to 82.12, down 3.5 percent from a month ago, and down 6.2 percent from a year ago, Bank of Korea data revealed. This is the sharpest fall since January with 4.3 percent. The October import price index also fell to 78.42, down 3 percent from a month ago, posting the fastest monthly drop since January’s
Nov. 10, 2015
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[Design Forum] Considering food as design object
Food is not merely a crucial means of maintaining health and nutrition, but also an “object” of design that is perceived, contextualized and consumed, a Spanish food design guru said Tuesday. “Thinking food as an object is very important. If we view it as an object, it can (be) full of meanings and experiences, if it is well designed. This edible object can be designed with parameters such as ergonomics, functionality, usability and so forth,” said food designer Marti Guixe in a session at the H
Life&CultureNov. 10, 2015
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[Design Forum] ‘Design can create new economy’
President Park Geun-hye said Tuesday that design has become an important field that can not only boost the value of the cultural industry but also has the potential to create a “new economy.”A contratulatory letter from President Park Geun-hye is displayed on the screen at the Herald Design Forum in Seoul on Tuesday. (Park Hyun-koo/The Korea Herald)In her congratulatory letter to the Herald Design Forum 2015, the president said design offers a variety of industries and people to gain insights an
Life&CultureNov. 10, 2015
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[SUPER RICH] Celebrities running natural product businesses
What do Gwyneth Paltrow, Gisele Bundchen and Madonna have in common?They are celebrities involved in natural product businesses, having become major shareholders in or founding their own companies. Their businesses range from natural foods and snacks to baby products and skin care.The Superrich team presents several world-famous celebrities working as natural lifestyle ambassadors.Jessica Alba Jessica Alba. BloombergHollywood star Jessica Alba is also known for cofounding The Honest Company,
IndustryNov. 10, 2015
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Banks’ net interest margin tumbles
(123RF)Banks posted a record-low combined net interest margin in the latest quarterly report largely due to the continued low key interest rate, the Financial Supervisory Service revealed Tuesday. In the July-September period, the 17 lenders operating in Korea reaped a record-low 1.56 percent in combined net interest margin, a gauge for profitability, from 1.58 percent in the previous quarter. During the same period, interest income fell for the fourth consecutive quarter to 8.4 trillion won (
Nov. 10, 2015
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DSME signs memo for fund-raising
Daewoo Shipbuilding & Marine Engineering signed an agreement with its main creditor on Tuesday to start receiving funds for financing its plans to put the embattled shipbuilder back on track.Up to 4.2 trillion won ($3.6 billion) of fresh loans are expected to be injected into Daewoo under the memorandum of understanding it signed with Korea Development Bank, according to related sources. KDB said it signed the memo on the behalf of all of Daewoo’s creditor banks that includes the Export-Import B
IndustryNov. 10, 2015
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K-pop sweetheart mired in pedophilia controversy
The song "Zeze" in 23-year-old singer-songwriter IU's recent EP album "Chat-shire" was accused of lyrics suggestive of pedophilia. Some scenes in the music video for the title track "23," such as those featuring IU with a baby bottle, added to the controversy. (Loen Entertainment)Singer-songwriter IU, previously considered K-pop’s sweetheart for her innocent image and vocal talents, has been mired in controversy over allegations of pedophilia in her song lyrics.At the center of the controversy i
PerformanceNov. 10, 2015
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KOICA exhibition to recount Korea’s overseas aid history
The Korea International Cooperation Agency plans to chronicle the country’s rapid ascent from an aid recipient to an emerging donor at an exhibition in central Seoul later this month, the state aid institution said Tuesday.The event will take place from Nov. 24 for six days at the War Memorial in Yongsan, marking the 2015 Development Cooperation Week starting Nov. 23. KOICA president Kim Young-mok, Park Gi-tae ― founder of the Voluntary Agency Network of Korea focusing on cyber public diplomacy
Foreign AffairsNov. 10, 2015
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Web drama says eating is healing
The latest web cartoon to cross over mediums is “Eating Existence” from Lezhin Comics, which has been made into a Web drama to be aired on portal site Naver’s TV Cast.Although the title may lead viewers to think that “Eating Existence” is a series purely about the enjoyment of good food, director Lee Cheol-ha says it’s really about finding consolation in today’s harsh world.“The original cartoon is also focused less on food and more on expressing the hearts and minds of young people today,” Lee
TelevisionNov. 10, 2015
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[Robert Cheek] Thinking outside the box: AI bots and robotic IoT
The human race is entering an era of exponential technological growth unmatched by anything before in its history. The rate of technological evolution is now accelerating by the nanosecond. Most advances to date have focused on the augmentation of the mind, or information analysis and processing. Advancements in these areas continue to move forward rapidly, and humanity now faces a scenario in which our technologies are breaking out of their boxes, migrating from the cyber world to the physical
ViewpointsNov. 10, 2015