Most Popular
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AI textbook bubble could burst, expert warns
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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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Ex-presidential official’s leaked phone call rattles conservative bloc
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North Korean trash balloons cross border day after Seoul military parade
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Pay debate plagues foreign nanny pilot
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Prosecution closes 'Dior bag' case amid opposition uproar
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Man escapes DUI charges by downing bottle of soju while pulled over
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K-pop star lip-syncing controversy flares up again
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35% of S. Koreans view unification 'unnecessary'
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Korean automakers forecast to log better Q3 earnings
South Korean automakers are expected to post better earnings in the third quarter as the weaker local currency boosted their price competitiveness in the global market, analysts said Sunday. A survey of 23 securities companies showed their consensus estimate of top automaker Hyundai Motor's operating profit coming to 1.57 trillion won ($ 1.32 billion) as of Friday, up 1.9 percent from a month earlier, according to market researcher FnGuide. The consensus for Kia Motor, its sister company, rose 2
IndustryOct. 4, 2015
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Koreas to exchange final lists of candidates for family reunions
The two Koreas will exchange the final lists of separated families this week for a rare reunion to take place later this month, the Korean Red Cross said Sunday, as cross-border tensions are still high due to North Korea's threat to launch a long-range rocket.The final lists of 100 families from each country will be exchanged at the truce village of Panmunjom on Thursday, so the families separated by the 1950-53 Korean War can be reunited at the scenic Mount Kumgang resort, located on the North'
North KoreaOct. 4, 2015
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Gaeseong joint complex reaches $3 bln in accumulated production volume, 11 yrs after opening
The joint inter-Korean factory park in the North Korean city of Gaeseong registered accumulated production volume worth $3 billion this year since its opening 11 years ago, the Unification Ministry said Sunday.The volume of manufactured goods accumulated since the opening of the Gaeseong Industrial Complex in 2005 reached $2.996 billion as of the end of July this year, according to the data from the ministry handling inter-Korean affairs.Given that the average monthly production volume hovered a
North KoreaOct. 4, 2015
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Investors withdraw money from MMF amid earnings worries
Investors increasingly withdrew their money out of short-term financial instruments, such as money market funds, throughout last month on worries over lackluster corporate earnings, data showed Sunday. Money market funds are short-term debt securities, such as Treasury bills and commercial papers. They are widely considered as safe as bank deposits yet provide a higher return.MMFs have enjoyed popularity after the key interest rate was cut to a record low of 1.5 percent, with their net asset val
Oct. 4, 2015
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Hyundai, Kia see China sales drop 11% in Sept.
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in China shrink 11 percent on-year in September, underscoring their prolonged setback in the world's largest auto market in the face of fierce competition from local and global rivals, industry data showed Sunday.The two South Korean auto giants sold a combined 135,608 units in China last month, compared with 152,265 units a year earlier, according to the data obtained by the English division of Yonhap News A
IndustryOct. 4, 2015
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N. Korean officials study entrepreneurship in Malaysia
A group of North Koreans has joined an entrepreneurship program in Malaysia, a Singapore-based organization said, marking a rare exchange for the socialist country.Choson Exchange, an organization that provides various workshops to North Koreans, on Friday said the group recently attended courses on Malaysia's efforts to improve entrepreneurship and startups, adding that the attendees had "tons of questions.""The Koreans showed lots of interest in how MDEC acted as a one-stop shop for tech inves
North KoreaOct. 3, 2015
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Man caught after stabbing owner, fleeing shooting range with gun
Police said Saturday it has arrested the man who stabbed the owner of an indoor shooting range and fled with a handgun and bullets in the southern port city of Busan earlier in the day.The man, presumed to be in his 20s or 30s, stabbed the female owner at the range at 9:40 a.m. in her abdomen, and ran away with a .45-caliber handgun and 19 bullets.The suspect was wearing a black jacket and blue jeans at the scene, and is around 178 centimeters tall with short hair, investigators said, based on t
Social AffairsOct. 3, 2015
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China 'warmly congratulates' N. Korea on key anniversary
The Chinese ambassador in Pyongyang has said China "warmly congratulates" North Korea on the 70th anniversary of the ruling Workers' Party next week, amid no immediate signs the North will launch a long-range rocket. Ambassador Li Jinjun made the remarks during a meeting with Kang Ha-guk, North Korea's health minister and chairman of the North Korea-China Friendship Association, on Wednesday, according to a statement posted on the Chinese Embassy's website Saturday. Li told Kang that China "warm
North KoreaOct. 3, 2015
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Man stabs owner, flees shooting range with gun, bullets
A man stabbed the owner of an indoor shooting range and fled with a handgun and tens of bullets in the southern port city of Busan, police sources said Saturday.Police said the man, presumed to be in his 20s or 30s, stabbed the female owner at the range at 9:40 a.m. and ran away with a .45-caliber handgun and around 30 to 40 bullets.The suspect was wearing a black jacket at the scene, and is around 178 centimeters tall with short hair, investigators said. The owner was taken to a nearby hospital
Social AffairsOct. 3, 2015
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U.S. not seeking to have Mongolia broker resolution of N. Korea issues: Russel
A senior U.S. official on Friday denied reports that Washington is seeking to have Mongolia play the role of a mediator in resolving the standoff over North Korea's nuclear program and other issues related to the communist nation.Japanese media have reported that the U.S., Japan and Mongolia are considering holding their first trilateral foreign ministerial talks in an effort to tap into Mongolia's close ties with Pyongyang to resolve a series of North Korea-related issues."The U.S. and Japan ea
North KoreaOct. 3, 2015
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Park's U.S. visit 'perfect opportunity' to discuss her regional peace vision: ex-White House official
South Korean President Park Geun-hye's upcoming visit to Washington is a good opportunity to discuss ways to develop her initiative for peace in Northeast Asia, a former White House official said Friday.Evan Medeiros, who until recently served as senior director for Asia at the White House's National Security Council, made the remark during a security seminar, praising Park's Northeast Asia Peace and Cooperation Initiative (NAPCI) as creative."I have a very positive view on NAPCI. I think it's v
Foreign AffairsOct. 3, 2015
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N. Korea to face stronger restrictions on luxury goods in case of rocket launch: S. Korean envoy
The U.N. Security Council could expand restrictions imposed on the transfer of luxury items and strategic materials to North Korea if the communist nation defies international warnings and launches a long-range rocket, South Korea's U.N. ambassador said."The existing measure bans the export of some luxury items and strategic materials to North Korea. The scope of the sanctions could be expanded," Amb. Oh Joon said in an interview with Voice of America, referring to existing U.N. Security Council
North KoreaOct. 3, 2015
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[Album Review] Gary underlines rapper roots in ‘2002’
Gary “2002” (Loen Entertainment) Rapper Gary of Leessang has widened his fan base with his steady role in the megahit game show “Running Man,” but his first studio-length album “2002” shows that he is first and foremost a musician.Collaborating with artists like Koonta, Jay Park, John Park, Skull and Deepflow, Gary weaves together an album that bears the hallmarks of past Leessang hits -- strong featured vocals that provide choruses to anchor down the candid, sometimes explicit lyrics that are
PerformanceOct. 2, 2015
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Weekend Box Office Guide (10/3-10/4)
Heading out to the theaters this weekend? The Korea Herald offers a guide to what's currently playing in theaters.For a historical drama, check out "The Throne." "The Intern" offers some lighthearted fun, while "The Long Way Home" combines comedy with the emotional drama of war. "The Loft" is a thriller for those who are looking for a little more spice, and "The Martian" is a blockbuster to look forward to next week. The Martian (U.S.) Opening Oct. 8 Adventure. Directed by Ridley Scott When a
FilmOct. 2, 2015
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[Weekender] Beyond words to serve, protect
While the translation of different languages is one of the most commonly known forms of interpretation, there are other unique types of interpretation that serve to protect the people or connect societies that otherwise remain poles apart.Air Force interpreter officers salute at a ceremony in March at the Air Force’s Operations Command in Osan Air Base, Gyeonggi Province, marking their completion of training. (Air Force)They range from sign language translators who act as the gateway to the outs
Social AffairsOct. 2, 2015
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[Weekender] Not getting lost in translation
On Sept. 2, during the summit between South Korean President Park Geun-hye and Chinese counterpart Xi Jinping, the two were seen to reaffirm their relations, with Korea’s media outlets quoting Xi as touting the two countries’ ties as being the “best ever.”The unprecedented description of their partnership was considered momentous, as Seoul sought to bolster political cooperation with its biggest trading partner at the risk of irking Washington.It was only a few hours later that it was revealed t
Social AffairsOct. 2, 2015
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[Weekender] Interpretation: Blending art and science
Tension filled the room as a senior Seoul official sat at the negotiating table with his U.S. counterparts and a professional interpreter. Seeking to break the ice, he told them a story starting with a Korean proverb. Word for word, it was supposed to be “Too many boatmen steer a boat to the mountain.” Instead, the interpreter opted for what she believed was a more comprehensible expression, “Too many cooks spoil the broth.” Yet the official, who had expected to hear “ship” or “mountain” to his
Foreign AffairsOct. 2, 2015
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Ex-P.M. quizzed over bribery
South Korea’s former Prime Minister Lee Wan-koo on Friday made his first public appearance in 140 days since his resignation amid bribery allegations in April, to attend a trial for graft charges at the Seoul Central District Court in southern Seoul. Lee Wan-koo. Yonhap Lee had been accused of accepting illegal campaign funds worth 30 million won ($28,000) from the late businessman Sung Woan-jong for the 2013 by-elections, on April 4 that year, at his campaign office in Buyeo, South Chungcheong
Social AffairsOct. 2, 2015
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Korean Black Friday falls short of market expectations
Bargain hunters waiting in long queues for a shopping spree and numerous doorbuster deals on thousands of products may be what the government expected for what it called “Korea Black Friday.”Customers browse products at a clothing store at Lotte Department Store in Myeong-dong in central Seoul during the first day of Korea Black Friday event on Thursday. YonhapBut consumers and retailers participating in the two-week sale event criticized the government for its hasty decision to host the nationw
IndustryOct. 2, 2015
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[Weekender] Presidential interpreters: Insiders behind the curtain
Working beside society’s elite, they fly hundreds of thousands of miles every year on charter planes. They speak about pressing brainteasers with the top actors on the world stage. They have access to the heavily fortified Cheong Wa Dae and its inner workings, as well as those of other presidential offices around the globe. Despite their seemingly coveted call of duty, almost the only time they make the headlines is when they blunder. At times, they are bewildered by the convoluted, highfalutin
Foreign AffairsOct. 2, 2015