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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Smaller hedge funds make headway in Korea
[THE INVESTOR] Smaller and new hedge funds are making headway in South Korea, rising to rival those operated by large financial companies. According to industry sources, Anda Asset Management has attracted 288.3 billion won (US$254.41 million) over the past year to become the country’s third largest hedge fund. Anda Asset Management now trails the industry’s second-largest player Mirae Asset Securities by 109 billion won. A year ago the gap was 248.5 billion won. Anda Asset Management founder Ke
July 27, 2016
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Nam June Paik in the age of social media
Nam June Paik, a pioneer of video art, is both famous and unknown to many in Korea. A query on the name “Nam June Paik” on Korean web portal Naver brings up several questions posted by young students asking who the artist is for their schoolwork. “My son, who is a first-year middle school student, doesn’t really know much about him either,” said Kim Bang-eun, president of Gallery Yeh, currently hosting the Nam June Paik exhibition at Seoul’s landmark Dongdaemun Design Plaza. “I think it’s becaus
PerformanceJuly 27, 2016
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[EQUITIES] Daishin Securities expects SK hynix’s earnings growth to slow in Q3
[THE INVESTOR] Daishin Securities on July 27 forecast SK hynix will report a slower earnings growth in the third quarter due to a delay in its planned investment in 3-D NAND flash memory.The brokerage put quarterly sales estimates at 4.94 trillion won (US$4.36 billion), with an operating profit of 484 billion won. Daishin also noted that second quarter net profit of 286 billion won missed market estimates by a wide mark, mainly on losses stemming from a stronger Korean currency.The chipmaker’s f
July 27, 2016
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‘Treasure Island’ musical arrives in time for school holidays
A young boy’s wildest dreams become a reality in the Seoul Arts Center‘s new musical play, “Treasure Island.”Based on the Scottish writer Robert Louis Stevenson's novel by the same title, the musical follows the life of the young Jim Hawkins, a wide-eyed cabin boy aboard the Hispanola. In a desperate search for adventure, Hawkins decides to make his way to the dangerously mysterious Skeleton Island in search of treasure. During his travels, Hawkins encounters a string of unworldly characters inc
PerformanceJuly 27, 2016
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[Herald Interview] Biffy Clyro is done making ‘weird’ music
When three childhood friends, including a pair of siblings, started the band Biffy Clyro over 10 years ago in Kilmarnock, Scotland, they strived to make music that was “as weird as possible.”“That’s what we thought was good,” said Simon Neil, the group’s lead vocalist, guitarist and songwriter, in an interview. The band, which is also made up of twin brothers drummer James Johnston and bassist Ben Johnston, met with The Korea Herald before performing at its first show in Korea at the Jisan Valle
PerformanceJuly 27, 2016
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‘The Age of Shadows’ invited to Toronto film festival
“The Age of Shadows” by director Kim Ji-won has been invited to screen under the Special Presentations program at the 41st annual Toronto International Film Festival (TIFF).“The Age of Shadows” follows members of an independence group in the 1920s as they fight for Korea’s liberation from Japanese colonial rule.In addition to the historical thriller, Park Chan-wook’s globally-acclaimed production “The Handmaiden” and Kim Sung-soo’s “Asura: The City of Madness” have also been invited to the Speci
PerformanceJuly 27, 2016
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N. Korea importing bear bile from China for party officials: report
North Korea has been importing a large amount of bear bile, used in traditional Asian remedies, from China for key officials of the ruling Workers' Party, a media report said Wednesday, citing testimonies by defectors.A defector, who was not named, told Radio Free Asia that there is a flow of bear gallbladders into North Korea from China.The source said transactions generally take place in China's border city of Suifenhe in Heilongjiang Province.RFA said that gallbladder trade is able to be cond
North KoreaJuly 27, 2016
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N. Korea sends propaganda leaflets via Han River
South Korea's Joint Chiefs of Staff said Wednesday they found strongly worded North Korean leaflets in the Han River, the first distribution of such propaganda materials via a waterway. On July 22, the Korean military collected scores of tightly air-filled vinyl bags carrying North Korean leaflets which contained threats of the North's possible attacks on the South using the intermediate-range Musudan ballistic missile, a spokesman for Seoul's JCS said in a press briefing. "North Korea intention
North KoreaJuly 27, 2016
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BOK chief: Fiscal policy more important than monetary policy amid low growth
The head of South Korea's central bank on Wednesday stressed the importance of a fiscal and restructuring policy than a monetary one in tackling the country's low growth.Bank of Korea Governor Lee Ju-yeol said in a meeting with lawmakers that South Korea's relatively strong financial status will allow the government to inject some money to support slowing growth and generate jobs.He said an excessive monetary easing policy could lead to an increase of risky assets of financial companies and an e
July 27, 2016
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[EQUITIES] SK Securities forecasts earnings turnaround for Shinsegae Int’l
[THE INVESTOR] SK Securities on July 27 forecast Shinsegae International will swing to the black in the second quarter of this year as it completes the withdrawal of Salomon, a money-losing clothing brand. The brokerage expected operating profit rising 59.1 percent to 5.9 billion won (US$ 51.76 million) and sales increasing 6.1 percent to 240.9 billion on. These figures are higher than the market consensus of 3.4 billion won of operating profit and 237.9 billion won of sales. Shinsegae Internati
July 27, 2016
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Finance minister vows full support for corporate revamp
South Korea's chief economic policymaker said Wednesday that the government will give full support to the industries that are undergoing tough restructuring and workers affected to minimize adverse impact.The South Korea government earlier unveiled a set of stimulus steps, including an 11 trillion won-extra budget, to boost Asia's fourth-largest economy which has been suffering from faltering exports and lukewarm domestic demand.Its economy-boosting measures focused on cushioning fallout from in
July 27, 2016
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Hyundai E&C Q2 net surges 16.4%
South Korean builder Hyundai Engineering & Construction Co. (Hyundai E&C) said Wednesday that its second-quarter earnings jumped over 16 percent from a year earlier despite a slight dip in sales.Net profit came to 167.8 billion won ($147.96 million) in the April-June period, up 16.4 percent from the same period last year, according to the company.Sales slipped 2.7 percent on-year to some 4.69 trillion won, partly due to a delay in major overseas projects.Operating profit climbed 5.5 percent to 2
July 27, 2016