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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Property sector shrinks in Q2 on weak market
South Korea's property and real estate rental industry contracted in the second quarter for the first time in more than four years due to the sluggish market, central bank data showed Monday.According to the Bank of Korea's latest data on gross domestic product, the real estate and rental sector shrank 0.2 percent in the April-June period from three months earlier.It marks the first on-quarter decline since the fourth quarter of 2011, when the industry declined 0.6 percent from three months earl
Aug. 1, 2016
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Delinquency of bank loans to big firms jumps in June
The delinquency rate for South Korean bank loans to large companies soared in June from the previous month due mainly to a one-off factor, data showed Monday.Local banks saw the delinquency rate of their lending to big businesses stand at 2.17 percent at the end of June, up 0.81 percentage point from a month earlier, according to the data by the Financial Supervisory Service. From a year earlier, the figure was up 1.49 percentage points.Loans are considered delinquent when payment of both princi
Aug. 1, 2016
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Korea's exports tumble 10.2% on-year in July
South Korea's exports fell by more than 10 percent in July, with the rate of decline returning to double digits after single digits in May and June, the trade ministry said Monday.Outbound shipments came to $41 billion last month, down 10.2 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.The July figure marked a record 19th straight month that exports decreased since January 2015.The double-digit fall came after on-year declines of 5.9 percent and 2
Aug. 1, 2016
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Korea's current account surplus hits record high in June
South Korea's current account surplus soared to a record high in June as an increased surplus in the goods balance helped offset a widening service account deficit, data showed Monday.The current account surplus reached $12.17 billion in June, compared with an $11.87 billion surplus from a year earlier, according to the provisional data released by the Bank of Korea.The current account is the biggest measure of cross-border trade.The June figure is the highest since 1980, when the central bank b
Aug. 1, 2016
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Emails of Seoul officials hacked by N. Korea: prosecution
Emails of dozens of South Korean defense and diplomatic officials and journalists have been hacked by North Korea this year, and the prosecution is looking into whether any state secrets have been leaked, the prosecution said Monday.Emails of some 90 officials from the defense, diplomatic and unifications ministries, as well as journalists and researchers on North Korea, have been subject to the hacking attacks from January to June, the Supreme Prosecutors' Office said. Fifty-six of them had the
North KoreaAug. 1, 2016
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Swimmer Park Tae-hwan arrives in Rio for shot at redemption
South Korean swimming star Park Tae-hwan arrived in Rio de Janeiro for the Olympics on Sunday, hoping for a shot at redemption after a tumultuous build-up to his fourth Summer Games.The 2008 Olympic gold medalist in the 400m freestyle wrapped up his two-week training camp in Orlando, Florida, and arrived at Santos Dumont Airport on Sunday afternoon here. The Rio Olympics will kick off Friday, and Park's first race, the 400m free, is set for the following day."I had great training in Florida," Pa
Olympic GamesAug. 1, 2016
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U.S. Army secretary to visit Korea
U.S. Secretary of the Army Eric Fanning is due in South Korea on Monday on a trip that includes a visit to the U.S. Army unit set to operate the THAAD missile defense system to be deployed by the Asian ally.Fanning's three-day trip to South Korea is part of his swing through the region that also includes stops in Hawaii, Guam, Malaysia and Japan. It is Fanning's first trip to the region since taking office as secretary in May.U.S. officials declined to provide details on Fanning's itinerary, but
DefenseAug. 1, 2016
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Key Clinton adviser calls for greater contingency planning on N. Korea
The United States and South Korea should step up planning for potential instability in North Korea, a former senior U.S. diplomat and currently a key foreign policy adviser to Democratic presidential nominee Hillary Clinton has said."One of the most vital tasks for the United States and South Korea is to prepare for instability and uncertainty in North Korea through greater contingency planning and coordination. On this question of profound change occurring suddenly on the Korean Peninsula, ther
North KoreaAug. 1, 2016
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N. Korea welcomed into Rio athletes' village
North Korea on Sunday entered the athletes' village for the Rio de Janeiro Olympics in a modest ceremony, with only the country's officials on hand.North Korea and Uganda were welcomed into the athletes' quarters for the Aug. 5-21 Olympics. However, none of North Korea's 31 athletes, competing in nine sports, attended the occasion. Yun Song-bom, head of the North's delegation, was one of 16 officials present.One North Korean official said the athletes were still jet-lagged and their training sch
Olympic GamesAug. 1, 2016
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Swiss Ambassador retires before National Day
Swiss Ambassador Jorg Alois Reding finished his diplomatic career in late July after 35 years of Foreign Service at various departments and overseas missions of the Swiss Confederation. At the embassy reception Tuesday in Seoul, which marked the 725th anniversary of Switzerland’s nationhood on Aug. 1, the envoy reflected on his posting in Korea as well as deepening bilateral relations. “My family and I have spent unforgettable years in Seoul,” he said in a speech in Korean. “I had the opportunit
Foreign AffairsJuly 31, 2016
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‘Turkey’s democracy forestalls anarchy’s tyranny’
On the night of July 15, Turkish Ambassador Arslan Hakan Okcal was dining at his friend’s house in Bodrum, Turkey, a popular vacation spot off the coast of the Aegean Sea. At around 10 p.m., his wife, seeing ominous developments on social media, alerted Okcal, “Something’s happening.” The couple quickly switched on the television and, to their shock, watched fighter jets skidding dangerously low over the city sky, tanks shelling state buildings and people protesting on the streets. “The media wa
Foreign AffairsJuly 31, 2016
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‘The night of the ordinary hero in Turkey’
At around 10 p.m. on Friday, July 15, members of a sleeper cell belonging to a fringe terror cult tried to stage a coup in Turkey, attempting to depose the democratically elected government. This coup was staged by a clique inside the Turkish Armed Forces linked with the Fethullah Gulen terrorist organization. The rogue officers went on to fire at police stations with fighter jets, killing dozens of police officers tasked with protecting the people. The F-16 fighter jets hijacked by members of t
Foreign AffairsJuly 31, 2016