Most Popular
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AI textbook bubble could burst, expert warns
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Ex-presidential official’s leaked phone call rattles conservative bloc
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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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Pay debate plagues foreign nanny pilot
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North Korean trash balloons cross border day after Seoul military parade
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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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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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[Herald Review] ‘Cinderella’ musical enchanting, comical
Yang Yo-seob of the boy band Beast plays Prince Christopher in the ongoing musical production of “Cinderella.” (Showholic)One of the world’s most recognized and enchanting fairy tales, “Cinderella” has now taken center stage as one of Korea’s newest musical productions. With music by Richard Rodgers and lyrics by Oscar Hammerstein II, the Broadway hit musical has made its way to Seoul for the first time. Hammerstein’s original Broadway show made a grand debut on the musical scene in 2013, receiv
PerformanceSept. 29, 2015
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S. Korean victim of Seattle bus crash dies
A South Korean exchange student died four days after being injured in a collision between a charter bus and a sightseeing tour vehicle in the U.S. city of Seattle, a Seoul official said Tuesday.The 20-year-old female died early Tuesday morning, South Korea time, raising the death toll to five in the accident that occurred on Aurora Bridge Thursday, the official said.The other four victims were students from Austria, Indonesia, Japan and China, respectively.More than 50 people were injured, inclu
Social AffairsSept. 29, 2015
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Child abuse claims 12 lives, over 5,000 victims in H1: report
Child abuse claimed 12 lives and more than 5,000 victims in the first half of this year, with the full-year death toll expected to surpass that of last year, a report showed Tuesday.The report by the National Child Protection Agency showed that eight out of 10 cases of child abuse were perpetuated by parents and other close family members.The first-half death toll from child abuse is 70 percent of the 17 deaths reported for 2014.Of the 9,471 suspected cases of abuse, 5,432 were confirmed to have
Social AffairsSept. 29, 2015
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Watchdog to receive preliminary applications for Internet bank
South Korea regulators on Tuesday said they will receive preliminary applications from consortiums wanting to launch South Korea's first Internet-only bank.According to the Financial Services Commission and Financial Supervisory Service, prospective operators will be allowed to submit applications Wednesday through Thursday. The preliminary approval process will eventually lead to the creation of the first new entity in the country's banking industry in 23 years. Government regulators said Kakao
Sept. 29, 2015
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S. Korean firms' business sentiment in China sinks in Q3
Business confidence of South Korean firms in China dropped in the third quarter of this year, hit by sluggish sales as the Chinese economy is cooling down. The quarterly business survey index of about 230 South Korean firms, an indicator of their outlook for the coming quarter, was 90 in the third quarter, compared with 116 in the second quarter, said data released by the Beijing unit of the Korean Chamber of Commerce and Industry on Tuesday. A reading above 100 means the number of companies for
IndustrySept. 29, 2015
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October biz outlook turns bullish: poll
A majority of companies in South Korea are upbeat about business conditions for next month due to a U.S. interest rate freeze and other favorable factors, a poll showed Tuesday. According to the survey conducted on the country's top 600 companies by the Federation of Korean Industries, the business survey index for October stood at 101.2A reading above 100 means companies that are optimistic about business conditions down the road outnumber pessimists.After peaking at 103.7 in March, the figure
IndustrySept. 29, 2015
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Full text of speech at U.N. General Assembly
The following is the full text of President Park Geun-hye's speech delivered on Monday at the 70th Session of the General Assembly of the United Nations.Mr. President, Mr. Secretary-General, Fellow delegates,I would like to first extend my congratulations on the 70th anniversary of the foundation of the United Nations. I would also like to congratulate you, Mr. Lykketoft, former Speaker of the Danish Parliament, on your election as President of the 70th Session of the UN General Assembly. The Un
InternationalSept. 29, 2015
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Youth unemployment worse than during financial crisis: report
Unemployment among young people in South Korea is worse than the level reached during the global financial crisis, a state-run think tank said Tuesday, calling for urgent measures to tackle the problem.The Korea Institute for Industrial Economics and Trade said in a report that overall conditions for young people just entering the job market are worse than in 2009, when the country, and the world at large, was still struggling with the 2008 global crisis.Government statistics have consistently s
Sept. 29, 2015
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S. Korea to revise health insurance coverage for foreign workers
South Korea will revise health insurance coverage for foreign workers starting in October to prevent the misuse of benefits, the government said Tuesday.The Ministry of Health and Welfare and National Health Insurance Corporation said under the changes, foreign nationals who enter the country on a work visa must wait three months before they can apply for health insurance.The move aims to make it impossible for foreigners to enter the country, get health insurance without making any contribution
PoliticsSept. 29, 2015
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Park winds up U.N. diplomacy focused on N. Korea, unification, 'Saemaeul movement'
President Park Geun-hye wound up a trip to New York after a whirlwind of diplomacy at the U.N.General Assembly focused on preventing North Korea from provocations, drumming up support for unification and promoting the "Saemaeul" rural development program.Park's four-day trip followed tensions on the Korean Peninsula flaring anew after North Korea hinted it could conduct a long-range rocket launch or a fourth nuclear test, possibly around the Oct. 10 anniversary of the North's ruling Workers Part
North KoreaSept. 29, 2015
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Think tank cuts S. Korea's growth outlook to 2.4%
South Korea's economic growth rate for 2015 is expected to slow to 2.4 percent from an earlier estimate of 2.7 percent due to weak consumer spending and falling exports, a private think tank said Tuesday.In its latest economic outlook, the Korea Economic Research Institute predicted Asia's fourth-largest economy will likely expand 2.6 percent in 2016 from this year.KERI's projection is far lower that the government's revised growth forecast of 3.1 percent for this year.Affiliated with the countr
Sept. 29, 2015
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Global trade to grow at slowest pace since financial crisis: BOK
Global trade in 2015 and 2016 is expected to grow at the slowest pace since the financial crisis, which could pose serious challenges for an export-oriented economy like South Korea, the central bank said Tuesday.The report by the Bank of Korea predicted worldwide trade will grow 2-3 percent this year and in 2016, far lower than the average 6 percent annual growth tallied from 2001 through 2008, when the bursting of the U.S. housing bubble triggered a financial crisis that rocked the entire worl
Sept. 29, 2015
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S. Korean parliamentary speaker heads to Russia, Finland
The head of South Korea's National Assembly embarked on a trip to Russia and Finland on Tuesday in an effort to enhance relations with the countries, his office said.Chung Ui-hwa will attend a reception commemorating the 25th anniversary of South Korea-Russia diplomatic relations in Moscow on Wednesday and meet with Russia's parliamentary leaders, Sergey Yevgenyevich Naryshkin and Valentina Matviyenko.Later, he is scheduled to give a speech at the Moscow State Institute of International Relation
InternationalSept. 29, 2015
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Gov't orders immediate maintenance checks on 44 Russian choppers
The government on Tuesday ordered immediate maintenance checks on 44 Russian-made helicopters operating in the country, after critical problems were found in a sampling of engines.The helicopters to be checked are the Ka-32s in service with 11 government agencies such as the Korea Forest Service, the Coast Guard and regional administrations, the Ministry of Land, Infrastructure and Transport said.It said the decision was made after engines in eight of 10 helicopters that underwent checkups recen
PoliticsSept. 29, 2015
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Discount chains, department store sales drop in Aug.
South Korea's major department stores and discount chains reported a drop in sales in August compared to the year before, mainly due to a shift in the date of the Chuseok holiday, the government said Tuesday.The combined sales of three department store chains -- Hyundai, Lotte and Shinsegae -- backtracked 7.6 percent on-year last month, according to the Ministry of Trade, Industry and Energy. The total sales of three major discount outlet chains -- E-Mart, Homeplus and Lotte Mart -- also fell 6.
Sept. 29, 2015
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Gov't mulls 3 pct wage hike for public sector in 2016: source
The government is mulling a 3-percent wage increase for public-sector corporations in 2016 as it tries to push state-run companies to set the pace for the country to switch to a wage peak system aimed at creating more jobs, a finance ministry source said Tuesday.The increased rate that will be finalized in early December is the same as those for government workers, but lower than the 3.8 percent hike agreed upon for 2015.Public-sector wages shot up 5.1 percent in 2011 and dipped to 1.7 percent i
Sept. 29, 2015
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Ban looms large in S. Korea's opinion polls
U.N. Secretary-General Ban Ki-moon has repeatedly said he is not interested in South Korean politics, but he is still the most favored among potential candidates for the 2017 presidential election.In April, Ban said he wants to spend time taking care of his grandchildren after his retirement. It remains unclear whether the U.N. chief can realize his simple dream as he could be at the center of South Korean politics in the coming years. A latest poll showed that the former South Korean foreign mi
PoliticsSept. 29, 2015
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Foreign ownership of Samsung Electronics falls below 51 pct
Foreign ownership of Samsung Electronics Co. has dropped below the 51 percent level for the first time in 14 months, market data showed Tuesday, as offshore investors continue to sell its shares due to a bleak earnings outlook.Foreign holdings of Samsung Electronics shares came to 50.76 percent as of Friday, marking the first time since July 18 last year that the figure has fallen below the 51 percent level, according to data by the Korea Exchange.Foreign ownership of Samsung, the top-cap compan
IndustrySept. 29, 2015
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[Newsmaker] 'Strongest evidence' of water on Mars
Scientists on Monday announced "the strongest evidence yet" of liquid water on Mars, raising the distant prospect of microscopic life on the Red Planet.Experts at NASA hailed the findings, made with the U.S. space agency's Mars Reconnaissance Orbiter, and said they were "revolutionizing our understanding" of Earth's neighbor."Mars is not the dry, arid planet we thought of in the past," Jim Green, NASA's planetary science director, told journalists in Washington. "Under certain circumstances, liq
World NewsSept. 29, 2015
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[에니즈] 양성애자였던 과거
Bisexual pastDear Annie: I’ve been in a relationship for five years with a guy who has been very enjoyable company. However, in the past 18 months, rumors have surfaced about him being bisexual. He never told me about this part of his past. Finally, I confronted him, and he admitted this was just a whim at a time in his life when he was alone. He’s been divorced for 43 years and claims he never knew why his wife divorced him. He now feels that, since he is with me and the past desires are no lon
PodcastSept. 29, 2015