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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Doctors defend colleague accused of blacklisting non-strikers
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Korean stocks remain flat in late morning trade
South Korean shares remained nearly flat on late Thursday morning as investors took to the sidelines amid an apparent lack of leads.The benchmark Korea Composite Stock Price Index stood at 2,043.98 as of 11:20 a.m., inching up 0.22 point or 0.01 percent from the previous session's close.The index opened slightly lower following overnight losses on Wall Street.The Dow Jones industrial average slipped 0.35 percent to close at 18,481.48, with the tech-heavy Nasdaq plunging 0.81 percent to 5,217.69.
Aug. 25, 2016
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N. Korea developing larger-class submarine for missile launch: expert
North Korea is developing a larger-class submarine as the country moves to further develop submarine-launched ballistic missile capability by 2020, a US military expert said Wednesday.North Korea is building a new bigger class of submarine than the existing Sinpo-class, and the new project seems to have been kicked off several years ago, Joseph Bermudez, co-founder and chief analytic officer of AllSource Analysis, said at a briefing organized by 38 North.His assessment is in line with outlooks f
North KoreaAug. 25, 2016
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Currency swap not on agenda for finance ministers of Korea, Japan
South Korea and Japan will hold a finance ministers' meeting this weekend to discuss various economic and financial topics, the finance ministry here said Thursday.South Korea's Finance Minister Yoo Il-ho and his Japanese counterpart Taro Aso will meet in Seoul on Saturday, with 70 officials, including vice ministers, from the two countries having working-level sessions before and after the meeting, according to the Ministry of Strategy and Finance.The upcoming bilateral meeting will be the seve
Aug. 25, 2016
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Equity crowdfunding market gains ground in Korea
The South Korean market for so-called equity crowdfunding has been gaining momentum recently on growing investor interest amid ultra-low interest rates, industry sources said Thursday.Also referred to as crowdinvesting, equity crowdfunding is the online offer of unlisted shares and corporate bonds to a group of investors. In January, South Korea adopted the new model of raising money from the public through the Internet and social media.According to the sources, IBK Investment & Securities Co. r
Aug. 25, 2016
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Korea confirms 2nd cholera infection
South Korea has confirmed an additional case of cholera, raising the number of people infected with the water-born disease here to two, local health authorities said Thursday.A 73-year-old woman residing in the southern coast of the country is presumed to have contracted the disease from eating seafood, the South Gyeongsang Provincial Government said, adding that she had already been cured. The provincial government said she had no contact with the patient of the first infection case.Earlier thi
Social AffairsAug. 25, 2016
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Exports to Vietnam on steady rise, jumping over 10% in 2016
South Korea's exports to Vietnam have spiked over 10 percent so far this year, making it the world's third-largest importer of South Korean goods, data showed Thursday.In the January-July period, shipments to Vietnam jumped 10.1 percent on-year to $18.02 billion, according to the data from the Korea International Trade Association.The amount marks the world's third-largest, after the $68.52 billion worth of goods shipped to China and the $39.63 billion to the United States over the cited period.
IndustryAug. 25, 2016
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Prosecutors seek 7 years for wife accused of rape
Prosecutors on Wednesday asked for seven years in prison for a woman charged with raping her husband. Shim, 41, is being tried in Seoul Central District Court for confining her husband for 29 hours in a flat in Jongno-gu, Seoul, in May 2015. She is also accused of duct-taping the victim’s limbs and raping him. The verdict is due Sept. 9.The two were reportedly going through a divorce suit. (Yonhap)The victim was allegedly pressured to speak into a voice recorder that the reason he was seeking d
Social AffairsAug. 25, 2016
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US concerned over NK, not excluding more sanctions option
The US remains "concerned" over North Korea's provocative actions and is keeping a close eye on Pyongyang amid fresh anxiety over its continued pursuit of nuclear and missile programs, the White House said Wednesday.White House Press Secretary Josh Earnest made the remark during a regular press briefing after the North test-fired a submarine-launched ballistic missile in the East Sea. It flew over500 kilometers, making it the longest flight by such a missile for the North, before landing within
North KoreaAug. 25, 2016