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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[Herald Interview] US election may unleash growth for Korea: Laffer
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Evicted guest burns down inn; 3 killed
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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[Box Office] Latest movie releases
Truth(US)Opened Aug. 23Drama. Directed by James VanderbiltControversy begins to brew when anchor Dan Rather (Robert Redford) and producer Mary Mape (Cate Blanchett) broadcast a report about President W. George Bush and his military service.Florence Foster Jenkins(UK)Opened Aug. 23Drama. Directed by Stephen FrearsNew York socialite Florence Foster Jenkins (Meryl Streep) dreams of becoming an opera singer. The problem is her limited talent: while others are not at all impressed with her voice, it
FilmAug. 26, 2016
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Korean stocks close lower on U.S. woes
South Korean shares closed lower Friday as investors took to the sidelines amid growing concerns over a U.S. rate hike. The local currency further gained ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index lost 5.42 points, or 0.27 percent, to 2,037.50. Trading volume was slim at 268.85 million shares worth 3.69 trillion won ($3.31 billion), with losers outnumbering gainers 431 to 367.The index opened sharply lower, tracking overnight losses on Wall Street, partly caus
Aug. 26, 2016
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Ex-sex slaves protest gov't decision to provide Japanese cash to victims
South Korean victims who were sexually enslaved by Japanese troops during its colonial occupation period (1910-45) protested against the government's decision to give them money that will be provided by Japan.On Thursday, the Ministry of Foreign Affairs announced that the government will provide 100 million won ($90,000) to surviving victims who were forced to serve in military brothels and 20 million won to family members of victims who have already died.The money will be offered once Tokyo tra
Social AffairsAug. 26, 2016
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Frenzied visuals lead to middling remake of ‘Ben-Hur’
Neither a sterling remake nor the disastrous camp hoot some were anticipating, those punks, the new “Ben-Hur” arrives in theaters beaded with flop sweat. Its box office forecast calls for gray skies followed by red ink: It cost about $100 million to make and the tracking data puts the weekend haul at $14 million to $15 million, which is grim like the Charlton Heston jawline under pressure was grim.The movie arrives in the supplicant position, begging for unfavorable comparisons to the 1959 Willi
FilmAug. 26, 2016
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Creditors to decide fate of Hanjin Shipping by Tuesday
Creditors of cash-strapped Hanjin Shipping Co. plan to decide whether to put the country's No.1 shipper under receivership by Tuesday, as a new self-rescue scheme falls short of expectations, its main creditor said Friday.On Thursday, Hanjin Shipping, under growing pressure from its creditors to secure more money to tide over a deepening cash shortage, submitted a stronger self-rescue plan. The new scheme includes sales of more assets and a capital infusion by its major shareholders.But the cred
IndustryAug. 26, 2016
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Global Fund provides $3.7 million to eradicate malaria in North Korea
An international fund has provided a total of $3.7 million to a humanitarian aid project to eliminate malaria in North Korea this year, the Voice of America reported Friday.Under the financial donations from the Global Fund to Fight AIDS, tuberculosis and malaria, the United Nations International Children's Emergency Fund has been providing mosquito nets, insecticides and preventive medicines and remedies for malaria for North Korean residents, the U.S.-based media report said.VOA said that UNIC
North KoreaAug. 26, 2016
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N. Korea raises military alert to highest level amid S. Korea-U.S.
North Korea's military has raised its alert posture to its highest level in response to an annual joint military drill between Seoul and Washington, a government source here said Friday.The North ordered its military on the highest special alert early this week as the allies kicked off their annual military exercise on Monday aimed at countering Pyongyang's potential aggression, according to the source.This year's alert level was one notch higher than that issued during last year's joint militar
North KoreaAug. 26, 2016
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Baseball pitcher gets 10-month suspended sentence for match-fixing
A local court on Friday slapped a suspended sentence with probation on a baseball pitcher for fixing games.The Changwon District Court sentenced NC Dinos pitcher Lee Tae-yang, who was indicted on charges of fixing games in the Korea Baseball Organization, to a 10-month jail term with a stay of execution for two years. The court also ordered the 23-year-old right-hander to forfeit 20 million won ($17,940) and serve 200 hours of community service. "Match fixing from pro athletes can't be accepted
BaseballAug. 26, 2016
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Samsung’s financial units relocate to Seocho
Samsung Asset Management said on Friday the company will start its operations in the Seocho Samsung Town starting Monday, marking the beginning of the realignment of the group’s financial units. According to the asset management subsidiary, it will complete the move-in of around 300 employees over the weekend and begin operations in the building that was previously occupied by Samsung Electronics. The company operated in Yeouido for 13 years and in the Taepyeongro building for five years. During
Aug. 26, 2016
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Fitch warns South Korea of NK, structural risks
Fitch Ratings continued to warn South Korea of geopolitical risks associated with North Korea in the light of the North’s recent submarine missile test, in addition to structural risks on changing demographics and low productivity, according to the Finance Ministry on Friday.The Fitch delegation visited Korea for its annual consultation meetings with the Finance Ministry from Wednesday-Friday this week.Although the global ratings agency gave a positive review on Korea maintaining fiscal soundnes
Aug. 26, 2016
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[Newsmaker] Top exec's death deepens Lotte crisis
Lotte Group fell further into crisis Friday after the conglomerate’s second man in the management was found dead in apparent suicide, with him set to face prosecution interrogation on the same day.Lee In-won, the retail giant’s vice chairman, the highest-ranking executive as a non-family member, appears to have committed suicide, the police said. His body was found at a walking trail in Yangpyeong, Gyeonggi Province, at around 7 a.m. Lee left a note in his car, apologizing to his family for endi
IndustryAug. 26, 2016
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Kookmin Bank opens new center for foreign investors
KB Kookmin Bank said on Friday it opened a new foreign investor support center in southern Seoul in a bid to increase convenience for overseas investors when they are considering investments in Korea. The new center is located at the KB Insurance building on the Teheran Road in Gangnam, which will be a new hub for foreign investment connecting them with Korean businesses. The bank plans to provide one-stop services ranging from legal, taxation to financial services regarding making investments i
Aug. 26, 2016
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Low-cost Jeju Air expanding flights to fuel growth
Low-cost carrier Jeju Air is focusing its energy this year on creating a foundation for strong, sustainable growth by expanding its fleet and flights, the Aekyung Group-owned airline said Friday.Last month, the airline added three new destinations to its portfolio including Sapporo in Japan, Kota Kinabalu in Malaysia, and Phuket in Thailand. The addition of flights to Sapporo gives Jeju Air the largest number of Korea-Japan routes among low-cost carriers in both countries.A Jeju Air plane (Jeju
IndustryAug. 26, 2016
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Hallyu stars boost ginseng popularity
Korea Ginseng Corp.‘s red ginseng products have gained international popularity after hallyu celebrities were seen drinking the healthy products in dramas, according to company officials.KGC officials said demand for “Hongsam Jeong Everytime Royal” among other ginseng products, is soaring in China and other Asian countries thanks to popular actors such as Song Joong-ki and Kim Woo-bin. Actor Kim Woo-bin (above) and Song Joong-ki drink “Hongsam Jeong Everytime Royal” in dramas. (Screenshot captur
IndustryAug. 26, 2016
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Lotte Group Vice Chairman found dead in apparent suicide
Lotte Group Vice Chairman Lee In-won was found dead in an apparent suicide Friday morning, just hours before he was scheduled to be questioned by prosecutors as part of the ongoing investigation into the retail giant.According to police, Lee‘s body was found on a walking trail in Yangpyeong-gun, Gyeonggi Province, at about 7 a.m. Police identified him by his business card and ID. Lee In-won (Yonhap)Police said that there was no indication that Lee‘s death could have been a homicide, adding that
IndustryAug. 26, 2016
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Studio apartment block set to open in center of Gangnam
Korea’s leading builderDaewoo Engineering & Construction announced Friday that it will open a new studio apartment building in September near Yeoksam station in Gangnam, southern Seoul. The advantage of living in “Yeoksam Central Prugio City” comes from its easy-to-commute location, Yeoksam, where is known to be one of Seoul’s central business quarters. It is also convenient to commute to other areas in Seoul by metro and highways, company officials said.The artist rendering of Yeoksam Central P
IndustryAug. 26, 2016