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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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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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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Weekender] Eat to beat the heat
On a scorching hot summer day, you start to feel sluggish and dizzy while perspiring heavily. Feeling dehydrated and low on energy, you instinctively grab a glass of cold water, gulp it down and look for an air-conditioned place to rest. There is one more place Koreans think of stopping by on such days -- a samgyetang (ginseng chicken soup) eatery. On lunar days that mark the beginning, middle and end of summer, samgyetang restaurants are crowded with customers yearning for the taste of tender
FoodJuly 22, 2016
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State-run banks to receive W1.4tr injection
[THE INVESTOR] The government will inject 1.4 trillion won (US$1.23 billion) into state-run banks closely involved in shipbuilding and shipping industries’ restructuring. According to the supplementary budget plans approved by the Cabinet on July 22, the Korea Development Bank will see injection of 400 billion won, and the Export-Import Bank of Korea will get 1 trillion won. The government estimates that state-run banks, including KEXIM and KDB, need to secure as much as 8 trillion won for the o
July 22, 2016
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Hana Financial's net jumps 5.5% in H1
Hana Financial Group Inc., a top South Korean banking group, said Friday its net profit soared 5.5 percent on-year to 790 billion won ($700 million) in the first half of this year, beating market forecasts.The group's second-quarter net profit also jumped 6.5 percent to 352.1 billion won from the first three months in an earnings surprise.The upswing is due to fundamental factors such as strong sales and a cut in costs from the successful merger of internal computer systems, group officials said
July 22, 2016
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Main opposition links supplementary budget bill to free child care
[THE INVESTOR] The main opposition Minjoo Party of Korea on July 22 said that it will oppose the supplementary budget bill without a solution for subsidizing a free child care program. “(The party) has requested the government to provide answers regarding how the Nuri Program budget will be included next year,” Rep. Park Wan-joo, the deputy floor leader of Minjoo Party, said. The Nuri Program is a free child care program for children aged between three and five. “An agreement on this (Nuri Progr
July 22, 2016
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Prosecutors suspend execution of CJ chief's jail term
Prosecutors said Friday they have accepted a request from the chairman of the food and entertainment conglomerate CJ Group to suspend the execution of his 30-month jail term for hospital treatment.The Seoul Central District Prosecutors' Office decided to suspend the sentence for Lee Jay-hyun for three months.The custody of Lee, who is currently in a hospital, was suspended several times due to his illnesses. The prosecution's announcement came a few days after the ailing chairman, convicted of e
IndustryJuly 22, 2016
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[Weekender] Keeping cool with food over the centuries
An exhibition on how Korea’s forefathers refreshed themselves during long, sweltering summer days is on at the National Folk Museum in Seoul, offering modern-day tips on how to keep cool. “The exhibition highlights how the summer activities of our ancestors have been passed down through generations and adapted to modern times,” said Choi Jeung-cheol, the president of KCDF, at a press conference at the museum on Tuesday. “Eumsik dimibang” from the late Joseon period (Korea Craft and Design Fou
FoodJuly 22, 2016
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PM stresses importance of extra budget on nat'l economy
Prime Minister Hwang Kyo-ahn on Friday urged the government to beef up efforts in promoting the importance of the extra budget that will be sent to parliament for passage next month, adding it will play a key role in revitalizing the national economy."I would like to ask related organizations including the financial ministry to highlight the importance of the extra budget, so it can be passed by the National Assembly in a timely manner," Hwang said during a Cabinet meeting. "The extra budget is
July 22, 2016
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Korean finance minister to attend G-20 meeting in China
South Korea's finance minister will attend the Group of 20 meeting for top economic policymakers in China later this week to discuss global policy coordination amid increased market volatility and toughened economic conditions sparked by the British vote to exit the European Union, the finance ministry said Friday.Finance Minister Yoo Il-ho, who doubles as the deputy prime minister for economic affairs, will attend the G-20 Finance Ministers and Central Bank Governors meeting to be held in Cheng
July 22, 2016
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N. Korea's Air Koryo airplane makes emergency landing in China due
An airplane of North Korea's flag carrier Air Koryo made an emergency landing in the Chinese city of Shenyang on Friday due to fire, a Chinese report said.The flight en route from Pyongyang to Beijing "made a forced landing in China's northeastern city of Shenyang because the plane caught fire," said Xinhua News Agency, citing a passenger on board.Referring to flight tracking websites, Japan's Kyodo News later added that the Tupolev Tu-204 plane "diverted shortly after crossing over the border b
North KoreaJuly 22, 2016
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Aramco Korea CEO named as head of S-Oil
[THE INVESTOR] Petroleum and refinery company S-Oil said on July 22 that it has named Othman Al-Ghamdi, representative director of Aramco Asia Korea, as its new chief executive officer.The appointment will be put up for approval in a planned shareholders meeting on Sept. 5. Saudi Aramco's chief executive officer Khalid al-Falih (Bloomberg)The new CEO served as operations director at Ras Tanura oil refinery of the state-owned Saudi Arabian energy company, SaudiAramco, and led the company’s Korea
IndustryJuly 22, 2016
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Gov't bolsters countermeasures to deter N.K. cyberattacks
South Korea is beefing up its governmentwide countermeasures to prevent possible cyberattacks by North Korea, officials said Friday.The Ministry of Science, ICT and Future Planning said the number of cyberattacks by North Korea more than doubled in the first half of this year. The cyberattacks "are judged as a part of North Korean provocations to trigger public anxiety" in South Korea, the ministry said. Last month, South Korean police said North Korea hacked into more than 140,000 computers at
North KoreaJuly 22, 2016