Most Popular
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Slew of top K-pop stars ready to return from military
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S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
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N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Controversial cult leader’s sentence reduced to 17 years
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Concerns raised over chronic labor shortage at state-run center for digital sex crime victims
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BTS-themed moon jar to be unveiled on Hangeul Day
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1,430 minors investigated for drug offenses from 2018 to 2023: police
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[Robert Fouser] Why the US election looks so close
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Market uncertain on Korea's October rate cut despite slowed inflation
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S. Korea urges Japan not to whitewash wartime history
South Korea urged Japan on Tuesday not to gloss over its history as some Japanese ruling party lawmakers claimed that its government should actively tackle the global community's misunderstanding over its wartime sex slavery.A committee under the Liberal Democratic Party plans to submit a proposal to the government saying that Japan should be more active in correcting what is wrongfully understood over the sex slave issue, according to Japanese media.Japan's sexual enslavement of Korean and othe
Foreign AffairsJuly 28, 2015
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‘Chinese superrich to sustain growth despite economic slowdown’
Despite the continued economic slowdown and a recent big stock market crash in China, the number of Chinese dollar billionaires is expected to hit a record high of 450 this year, up 26 percent from 358 in 2014, an expert on successful Chinese individuals said. Rupert Hoogewerf, chairman and chief researcher of Hurun Report“Wealth creation in China has been extraordinary over the past 16 years. There was only one dollar billionaire when I started doing research on China’s rich people back in 199
IndustryJuly 28, 2015
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Korean independence fighter enshrined at Moscow cemetery
MOSCOW -- At the heart of this sprawling city, a storied cemetery enshrines a once high-flying Korean independence fighter alongside late Russian President Boris Yelchin, novelist Anton Chekhov, composer Dmitri Shostakovich and other luminaries: Gen. Kim Kyu-myun. Gen. Kim Kyu-myun’s memorial is laid at the Novodevichy Cemetery in Moscow on Monday. (Shin Hyon-hee/The Korea Herald) Kim and his wife Nadezhda are known to be the sole Koreans venerated at the Novodevichy Cemetery. Though the site is
Foreign AffairsJuly 28, 2015
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After MERS, Korea vows hospital culture reform
Seoul announced that it will make efforts to change the nation’s hospital culture, which involves family members staying with patients in hospital rooms as main caretakers, after declaring a “de facto end” to the outbreak of the Middle East respiratory syndrome Tuesday. “We now confirm that the citizens can worry no more (about the possible infection),” Prime Minister Hwang Kyo-ahn said, announcing that the outbreak in South Korea is practically over. “I ask the public to shake off all your wo
Social AffairsJuly 28, 2015
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NPAD calls NIS testimonies foul
Tension escalated between the main political parties on Tuesday over the testimonies from the spy agency chief who had denied during a parliamentary session the use of hacking software to conduct civilian surveillance. The main opposition New Politics Alliance for Democracy condemned the testimonies as an attempt to cover up its wrongdoing while the ruling Saenuri Party urged the NPAD to stop inflating rumors that might compromise the nation’s cybersecurity. NPAD Floor Leader Rep. Lee Jong-kul
PoliticsJuly 28, 2015
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More banks adopting ‘peak wage’ system
Distressed by their aging manpower and stagnant personnel structure, banks are increasingly adopting the “peak wage” system, but its range and effects remain limited.Under this system, companies pay senior employees reduced salaries after they peak at a certain age, generally between 55 and 60, in return for extending their retirement age by a few years.NH Financial Group, the nation’s agricultural cooperative-affiliated banking group, decided last week to adopt the peak wage system starting fro
July 28, 2015
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B737-800 joins Jin Air fleet
Jin Air executive director Cho Hyun-min (11th from left) and Ihssane Mounir (13th from left), Boeing‘s Northeast Asia vice president of sales and marketing, pose during a ceremony to celebrate the delivery of low-budget carrier Jin Air’s first B737-800 at the Boeing Delivery Center in Seattle, U.S., Tuesday. (Jin Air)
BusinessJuly 28, 2015
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Spreading K-beauty
AmorePacific’s flagship brand Laneige held a makeup show dubbed “Beauty Road” to promote its best-selling BB Cushion at the EmQuartier Shopping Mall on Sukhumvit Road in Bangkok, Thailand, on July 17. Starting from Thailand’s capital city, the Korean cosmetic brand will tour seven Asian cities, including Kuala Lumpur, Beijing and Singapore, to host the pop-up event. (Laneige)
IndustryJuly 28, 2015
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Cabinet OKs casino cruise plan
A cruise vessel is docked at a port in this file photo. (Yonhap) Korean cruise vessels will be able to operate onboard casinos for foreign passengers when sailing overseas from as early as next year, a move which officials said will help revitalize the strained local marine tourism industry. The Ministry of Oceans and Fisheries on Tuesday announced that an ordinance to support the local cruise tourism industry was approved by the Cabinet, and authorities will gear up to encourage more local play
July 28, 2015
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Cat cafes become cultural export
There’s nothing quite like sitting down to a cup of tea with a cat on your lap. These days, with the advent of cat cafes, you don’t even need your own cat to experience it. While they have been around in South Korea for some time, the rest of the world is beginning to catch on, and the trend that was once the cultural domain of Japan and Korea is spreading globally. Although the first cat cafe was founded in Taiwan in 1998, the concept blossomed in Japan and Korea, particularly in the last deca
CultureJuly 28, 2015
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[Newsmaker] Thirty-five of Cosby's alleged victims speak out
NEW YORK -- Thirty-five women who allege they were sexually assaulted by US comedy legend Bill Cosby were united Monday on a magazine cover to tell startlingly similar stories of abuse. They include models, waitresses, Playboy bunnies and women who used to work in show business. One says he raped her while she was grief stricken over the recent death of her six-year-old son. The New York magazine cover story is the largest expose yet of alleged abuse from nearly 50 women who have publicly ac
World NewsJuly 28, 2015
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[SUPER RICH] Top 3 chaebol families hold landmarks in Gangnam
Samsung, Hyundai Motor and Lotte, the top three chaebol of South Korea, possess landmarks in Gangnam, the most expensive area in the country. Here is a look at the size and scope of their properties.Hyundai Motor Group: Global Business Center Hyundai Motor Group chairman Chung Mong-kooHyundai Motor Group purchased the former 79,431 square meter KEPCO property located in Samseong-dong, Gangnam-gu, for 10.5 trillion won last year, and will have full ownership of the property this September. The co
IndustryJuly 28, 2015
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Ban on lawyer ‘success fees’ rattles legal circles
When South Korea’s highest court last week banned the long-held practice of paying contingency fees to advocates in criminal cases, a large section of the lawyers’ community fiercely protested the decision, while civic groups hailed it as a catalyst in eradicating corruption in the legal field. The Supreme Court upheld a lower court’s ruling last Thursday that results-based financial incentives for lawyers in criminal cases are illegal, invalidating contingency fee arrangements in the nation an
Social AffairsJuly 28, 2015
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Police say 41 phone fraud offenders arrested in China
South Korean police said Tuesday they have arrested 41 people in China for alleged telephone-based financial scams in rare cooperation with their Chinese counterparts.The Seoul Metropolitan Police Agency said they arrested 39 South Koreans and two ethnic Koreans in China for allegedly opening call centers in China and making random calls to South Korean citizens, fooling them by offering to grant loans or protect their deposits.After dividing their roles into team leaders and counselors, the sus
InternationalJuly 28, 2015
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Samsung Bioepis plans Nasdaq listing by June 2016
Samsung Bioepis, a biosimilar drug developer subsidiary of South Korea’s Samsung Group, said Monday that it is planning to debut on the U.S. stock market by June 2016.The company will choose an advising firm to lead its Nasdaq listing by mid-August and begin the related legal processes from early September, according to Samsung.The biopharmaceutical firm aims to be listed by the second quarter of next year, when it is expected to receive regulatory approval to begin selling its biosimilar versio
IndustryJuly 28, 2015
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Samsung C&T shares fall on possible Elliott exit
Samsung C&T shares on Tuesday fell below a key level set in its $8 billion merger with sister firm Cheil Industries on speculation that Elliott Associates, a key opponent to the deal, may soon sell its stake in the builder. Elliott, the U.S. hedge fund that had launched an agressive campaign to block the merger deal, returned its C&T certificate to the Korea Securities Depository on Monday, meaning it can now sell its 7.1 percent stake in the company.Elliott is also said to have returned the cer
IndustryJuly 28, 2015
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Entertaining tricks in media art
GYEONGJU, North Gyeongsang Province -- A man painted from head to toe stands against a painted wall as if he walked straight from a portrait painting. His moving hands seem so unreal that it looks like he could only exist in a painting.When it is taken as a photograph, the scene actually turns into a two-dimensional painting. “A Man Turned Into Painting” by Yoo Hyun-mi (Wooyang Museum of Contemporary Art)In this opening performance for a joint Korean and Russian media art exhibition, artist Yoo
PerformanceJuly 28, 2015
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S. Korea forestry experts to visit Mount Geumgang
A group of South Korean forestry experts were set to visit Mount Geumgangsan Wednesday for a three-day itinerary, following Pyongyang’s request for a joint probe into “abnormal symptoms” that pine trees in the mountain have recently exhibited, Seoul officials said Tuesday.Seoul’s Unification Ministry said it recently approved the visit by eight officials from the state-run Korea Forest Research Institute and the Korea Tree Health Association as well as Hyundai Asan, formerly the main operator of
North KoreaJuly 28, 2015
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N. Korea seen offering olive branch to China
North Korea appears to be holding out an olive branch to China by repeatedly extending, in recent days, gratitude to its longtime patron for having participated in the 1950-53 Korean War in support of the communist regime. The bronze statues of the late North Korean leaders Kim Il Sung and Kim Jong Il tower over people as they watch fireworks explode, Monday, July 27, 2015, in Pyongyang, North Korea as part of celebrations for the 62nd anniversary of the armistice that ended the Korean War. (AP
NationalJuly 28, 2015
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Cracking margins drive refiners
After posting record-low deficits stemming from free-falling crude prices that led to massive inventory valuation losses in 2014, South Korea’s top refiners swung back to recovery in the second quarter thanks to high cracking margins and stable oil prices.SK Innovation, the nation’s biggest oil refiner, recorded 987.9 billion won ($845 million) in operating profits from April to June, marking its second-highest quarterly performance ever, after the 1.36 trillion won posted in the first quarter o
IndustryJuly 28, 2015