Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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1 in 5 households to have breadwinner over 80 in 30 years
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Assembly to review disputed appointment of national soccer team coach
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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Evicted guest burns down inn; 3 killed
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[Herald Interview] US election may unleash growth for Korea: Laffer
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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Financial sector sheds 1% of jobs this year
The number of employees in South Korea's financial industry has declined nearly 1 percent in the first six months of the year amid a protracted industrywide slump and subsequent restructuring moves, data showed Sunday.As of end-June, the number of employees at 117 major local financial companies -- including banks, and insurance, securities and card firms -- stood at 194,106, down 1,919, or 1 percent, from the end of last year, according to the data compiled by corporate researcher CEO Score.The
Aug. 28, 2016
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Banks' credit exposure to Hanjin Shipping estimated at 1.02 tln won
Local banks' credit exposure to cash-strapped Hanjin Shipping Co. is estimated at 1.02 trillion won ($915 million), but they have already set aside sufficient provisions against the loans, industry sources said Sunday.According to the sources, the state-run Korea Development Bank, KEB-Hana Bank and other banks extended a total of 1.02 trillion won to the country's No. 1 shipper.The main creditor, KDB, has credit exposure of 660 billion won, followed by KEB-Hana Bank with 89 billion won, NH Nongh
Aug. 28, 2016
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Korea confirms 11th Zika virus infection
South Korea has confirmed an additional case of Zika infection, raising the number of people infected with the virus here to 11, local health authorities said Saturday. The 64-year-old man came back from a recent trip to Vietnam on Aug. 20 and was confirmed to have been infected with the mosquito-borne virus, according to the Korea Centers for Disease Control and Prevention.He remains in stable condition and is currently receiving an additional test at a hospital, KCDC officials said. The latest
TechnologyAug. 28, 2016
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Korea, Japan agree to resume currency swap deal
South Korea and Japan on Saturday agreed to resume a currency swap deal, which expired last year, as part of their efforts to strengthen bilateral economic cooperation amid a global slowdown and a possible US rate hike."The two countries agreed to start negotiations to reopen the currency swap deal," South Korea's Finance Minister Yoo Il-ho said after a finance ministers' meeting with his counterpart Taro Aso in Seoul."It represents the strong economic cooperation between Seoul and Tokyo amid ri
Aug. 28, 2016
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Choo Mi-ae elected as new Minjoo head
Members of South Korea's main opposition Minjoo Party of Korea elected Rep. Choo Mi-ae as their new head on Saturday, signaling "progressive-leaning" changes in the party's major policies.Choo, a five-term lawmaker who represents the Gwangjin District of Seoul, was officially named as the new chairwomen to replace Kim Chong-in, the party's interim head who has been maintaining an overall neutral political stance."We must break away from factional division, defeatism and outdated politics," Choo
PoliticsAug. 28, 2016
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Unification minister to attend denuclearization forum in Kazakhstan
South Korea's Unification Minister Hong Yong-pyo, Seoul's point man on Pyongyang, left for Kazakhstan on Saturday to join a forum on denuclearization, his ministry said.The two-day conference, titled "Building a Nuclear Weapon-Free World," will open in the capital city of Astana on Sunday for discussions on ways toward nuclear nonproliferation and disarmament.It is to commemorate the 25th anniversary of the closing of the Semipalatinsk test site, which was the primary nuclear test venue for the
North KoreaAug. 27, 2016
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Parliamentary think tank urges caution against Google's map request
South Korea's parliamentary research body on Saturday defended the country's restrictions on the use of government-supplied maps abroad against Google's controversial map request.In a report, the National Assembly Research Service said the government should prudently review the impact to national security.The U.S. Internet giant has sought permission to take government map data off the peninsula for use in servers worldwide.Google claims that it's necessary to offer full GPS and other mapping se
PoliticsAug. 27, 2016
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N. Korea submarine missiles not ready until 2018: experts
Seoul (AFP) -- North Korea is making progress on a submarine-launched ballistic missile system but any deployment of the technology is years away, a US think tank said, as the UN Security Council promised action over Pyongyang's latest test.The US-Korea Institute at Johns Hopkins University said late Friday on its closely-watched website, 38 North, that the success of North Korea's SLBM test this week suggests the program may be progressing faster than originally expected."However, this does not
North KoreaAug. 27, 2016
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Samsung to release Galaxy Note 7 in China next month
Samsung Electronics Co. of South Korea has started receiving pre-orders for its new Galaxy Note phablet from Chinese customers, company officials said Saturday.The Galaxy Note 7 is scheduled to go on sale on Sept. 1, with a price tag of 5,988 yuan, or one million won (US$897).It features 4GB of RAM and 64GB of flash memory storage, the same as those sold in other markets such as South Korea, the United States and Europe.The fresh phablet has attracted keen global attention with an iris recogniti
TechnologyAug. 27, 2016
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UNSC condemns N. Korea's missile launches: report
The United Nations Security Council (UNSC) condemned North Korea's four recent ballistic missile launches and agreed to take "significant" measures against Pyongyang, the Ministry of Foreign Affairs said Saturday.The council issued a press statement strongly denouncing North Korea's missile tests in a unanimous decision reached on Friday (New York time), the ministry said.On Aug. 24, North Korea fired a submarine-launched ballistic missile (SLBM) from the East Sea, prompting the council to hold
North KoreaAug. 27, 2016
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White House: U.S. deeply concerned about N. Korea
The United States is deeply concerned about the human rights situation in North Korea and the country's nuclear and missile programs, the White House said Friday, local time."The United States and the rest of the international community is deeply concerned about the human rights situation inside of North Korea," Josh Earnest, press secretary at the White House, said in a regular briefing. "We also have deep concerns about the continued willingness of the North Korean regime in provocative action
North KoreaAug. 27, 2016
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Hyundai Motor's workers reject wage deal in labor union vote
Workers at South Korea's leading carmaker Hyundai Motor Co. have voted down a tentative wage-hike agreement, forcing their labor union to renegotiate the thorny issue, union officials said Saturday.It marks the first time that the firm's unionized workers, currently totaling 49,665, have rejected such an annual pay deal, provisionally agreed, since 2008.A total of 45,777 members participated in Thursday's vote and 35,727 of them, or 78.05 percent, were against the accord. Unionists of Hyundai Mo
Social AffairsAug. 27, 2016
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Iran, South Korea to begin trade in euros
TEHRAN (AFP) -- Iran and South Korea are to start trading in euros, legally circumventing US sanctions on dollar transactions with Tehran, a senior official announced Friday.After months of talks with Washington, at the urging of Iran, Seoul will "with US approval... convert South Korean won to euros without any direct intervention of dollars", Deputy Foreign Minister Hamid Baedinejad said on his Instagram page.If other countries with "local and limited currencies" also traded in euros, it would
Aug. 26, 2016
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Obama plans to create world's largest marine protected area
WASHINGTON (AP) -- President Barack Obama will expand a national monument off the coast of Hawaii, creating a safe zone for tuna, sea turtles and thousands of other species in what will be the world's largest marine protected area.Obama's proclamation will quadruple in size a monument originally created by President George W. Bush in 2006. The Papahanaumokuakea Marine National Monument will contain some 582,578 square miles, more than twice the size of Texas.Obama will travel to the monument nex
World NewsAug. 26, 2016
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Aid access in Syria 'unacceptable': UN
GENEVA (AFP) -- Humanitarian access to Syria's besieged areas is "wholly unacceptable", the UN said Friday as it announced that just one aid convoy had completed deliveries this month. The United Nations humanitarian office said a convoy with life-saving supplies finished its delivery on Thursday to Al-Waer, a besieged area of the district of Homs. "While we welcome yesterday's convoy, the level of access to besieged areas this month is wholly unacceptable," an OCHA statement said. The two-part
World NewsAug. 26, 2016
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SpaceX Dragon heads back to Earth with station science, gear
CAPE CANAVERAL, Fla. (AP) -- A SpaceX Dragon capsule headed back to Earth on Friday with a load of science experiments and gear from the International Space Station.NASA astronaut Kate Rubins waved goodbye as the Dragon slowly flew away, aiming for a splashdown in the Pacific, just off Mexico's Baja California coast. It's loaded with 3,000 pounds of research and equipment, including 12 mice that flew up on the Dragon as part of a genetic study.Rubins and Japanese astronaut Takuya Onishi used the
World NewsAug. 26, 2016
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Car bomb attack in Turkey kills 11 police; 78 wounded
ANKARA, Turkey (AP) -- A Kurdish militant suicide bomber rammed an explosives-laden truck into a checkpoint near a police station in southeast Turkey on Friday, killing at least 11 police officers and wounding 78 other people, the prime minister said.The attack struck the checkpoint 50 meters (yards) from a main police station near the town of Cizre, in the mainly-Kurdish Sirnak province that borders Syria.There was no immediate claim of responsibility for the attack, which was the latest in a s
World NewsAug. 26, 2016
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Tears as town evacuation starts in symbol of Syria revolt
DARAYA (AFP) -- Syrian rebels and civilians, many in tears, began Friday evacuating the Syrian town of Daraya after a four-year army siege, in a blow for the beleaguered opposition.The evacuation came after a deal struck by President Bashar al-Assad's government and opposition forces in the town, which is close to the capital Damascus and was one of the first to rise up against the regime.The first buses carrying evacuating rebels and their families emerged from the devastated town, accompanied
World NewsAug. 26, 2016