Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Middle East’s big AI push lures Korean tech firms
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Exclusive] Democratic Party of Korea forms US election task force
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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What will Yoon, Han talk about at dinner?
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Cross border investment between Korea, China jumps on FTA
Cross-border investment between South Korea and China is on a steep rise, data showed Wednesday, apparently boosted by the countries' bilateral free trade pact.In the first five months of the year, new South Korean investment that arrived in China came to US$2.2 billion, up 12.2 percent from the same period last year, according to the data from the Korea International Trade Association.The amount surpassed Japan's $1.47 billion investment arriving in China over the cited period. South Korean inv
July 13, 2016
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Yeongnam Saenuri lawmakers oppose THAAD
The government’s decision to deploy a U.S. advanced missile system in the southern part of South Korea has sparked backlash from ruling party lawmakers elected in the region, challenging the Saenuri Party’s leadership that supports the plan.The Saenuri Party lawmakers, whose constituencies are in Daegu and North Gyeongsang Province, issued a statement Wednesday, denouncing the government for choosing Seongju county, North Gyeongsang Province, as a location for the Terminal High Altitude Area Def
PoliticsJuly 13, 2016
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Voyeuristic public toilet signs in Seoul stir controversy
Back in March, Lee Da-kyung found something disturbing while dining with her boyfriend at a restaurant near Seoul National University in Seoul. It was the property’s bathroom sign -- it showed a stick figure animation of a male peeping tom looking into a female restroom. “I told the cashier -- who looked like the owner of the restaurant -- that the sign made me feel very uncomfortable and he should remove it,” the 23-year-old university student told The Korea Herald. “And his response was even m
Social AffairsJuly 13, 2016
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THAAD to be deployed in Seongju
South Korea’s Defense Ministry said Wednesday that the U.S. Terminal High Altitude Area Defense system will be deployed in Seongju, North Gyeongsang Province. Deputy Minister of Defense Yoo Jeh-seung speaks during a press briefing on Wednesday in Seoul. (Yonhap)“The joint working group for THAAD from South Korea and the U.S. has recommended the Seongju area as the optimal place for THAAD, based on the belief that it maximizes military efficacy and guarantees safety of the locals, while having no
DefenseJuly 13, 2016
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Shipbuilding, construction unions announce mass strikes
[THE INVESTOR] Shipbuilding and construction industry labor unions announced that they will stage mass strikes on July 20.The shipbuilding industry unions’ coalition on July 13 held a press conference at the National Assembly saying that its member unions will stage an “all-out” strike to resist the ongoing restricting efforts. The coalition consists of the unions of eight shipyards. Faced with massive losses, the country’s shipbuilding industry is undergoing restructuring that includes workforc
IndustryJuly 13, 2016
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[Lee C. Bollinger&Karl P. Sauvant] How investment agreements can protect free media
At the beginning of this year, Al Jazeera sued the Egyptian government for $150 million. The Qatar-based news channel presented its case before the World Bank’s International Centre for Settlement of Investment Disputes in Washington. But much more is at stake than a simple commercial disagreement in which Al Jazeera is attempting to enforce Egypt’s obligations under a bilateral investment treaty with Qatar.In its suit, Al Jazeera alleges that its offices were closed, its transmissions and broad
ViewpointsJuly 13, 2016
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[Noah Smith] Government holds the promise of faster growth
One of the U.S.’s biggest economic challenges is the slump in productivity. After climbing steadily for many decades, productivity has slowed dramatically since 2011. Productivity is the key to long-term prosperity. It represents a hard ceiling on the amount of valuable things that a society is able to produce. If productivity flatlines, it means that the pie isn’t growing, and there will be less to divide up among us. So finding the cause of the slowdown is a big, important task. Some pessimis
ViewpointsJuly 13, 2016
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[Gareth Evans] The South China Sea is not a Chinese lake
To no one’s surprise, the Permanent Court of Arbitration in The Hague has upheld all the key arguments of the Philippines in its case against China on the application of the United Nations Convention on the Law of the Sea in the South China Sea. In its ruling, which employed even tougher language than most expected, the tribunal cut the legal heart out of China’s claim that the sea is, in effect, a Chinese lake.The PCA ruled that China’s “nine-dash line,” a 1940s-era delineation that implies own
ViewpointsJuly 13, 2016
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Woowa Brothers vows to risk operating loss for growth
[THE INVESTOR] Woowa Brothers, the operator of food delivery app Baedal Minjok, said July 13 that the company returned to profit in the first half of this year after suffering an operating loss for two years.The Korean start-up posted 900 million won (US$750,000) operating profit during the half year with its sales coming in at 34.9 billion won. The company attributed the operating profit in the first half to reduced marketing costs and surging orders. In May, the total number of monthly deliver
TechnologyJuly 13, 2016
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Korea to push for extra spending amid rising youth unemployment
South Korea’s rising youth unemployment rate will be enough reason for the government to push for early extra spending for the latter half of this year as the youth joblessness will hurt the prospects of its economy.Amid low growth forecast and a negative outlook for the job market beset by a growing number of companies reluctant to hire extra workforce, Korea’s youth unemployment reached a monthly record high of 10.3 percent in June.Without the supplementary budget, Finance Minister Yoo Il-ho t
July 13, 2016
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[Thitinan Pongsudhirak] Defusing Asia’s arms race
The ruling against China’s territorial claims in the South China Sea by the Permanent Court of Arbitration in The Hague will be met with relief in the region’s capitals. But it is unlikely to reverse one of Asia’s most worrying trends: an alarming regional arms build-up.According to the Stockholm International Peace Research Institute, Asia now accounts for almost half of the world’s arms expenditure, which is more than twice the total expenditure of countries in the Middle East and four times g
ViewpointsJuly 13, 2016
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Keeping calm in South China Sea
China was widely expected to reject a ruling against its maritime claims in the South China Sea, and it didn’t disappoint. Declaring Tuesday’s 479-page decision “null and void,” China said it “neither accepts nor recognizes it.” More important than what China says, however -- and Tuesday’s statement is more measured than last week’s, when Chinese leaders denounced the opinion in advance as “a piece of waste paper” -- is what China does. Its neighbors and the U.S. should make clear how dangerous
ViewpointsJuly 13, 2016
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[DECODED] Beauty as a business and passion
In the lobby of AmorePacific‘s Beauty Campus in Osan, Gyeonggi Province, stands the gigantic installation “Fractal Turtleship” by media artist Paik Nam-june, created to commemorate the opening of the Korea exhibition at the Venice Biennale in 1995.“It presented what Korea had to the world, and embodied the philosophy of breaking down barriers between East and West, between science and art, the everyday and the artistic,” AmorePacific chairman Suh Kyung-bae said about his choice to Maeil Business
IndustryJuly 13, 2016
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Seoul stocks hit 1-month high on foreign buying
[THE INVESTOR] South Korean share prices ended higher on the third straight day July 13 to hit a one-month high. The upward momentum was driven mainly by foreign buying, according to analysts. The South Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index advanced 14.32 points, or 0.72 percent, to 2,005.55.It marks the first time in about three weeks that the KOSPI recovered the 2,000-point level.Trade volume came to 353.3 million shares worth 4.6 trillion won
July 13, 2016
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Seoul sounding out bidders for Woori Bank sale
The Korean government may soon launch its fifth attempt to privatize Woori Bank and recoup the money it injected 16 years ago to bailout the bank, officials and deal observers said Wednesday. “(The authorities) are showing a strong will to complete the sale and are speeding up preparations,” said an official at the Korea Deposit Insurance Corp. The state-run KDIC owns 51.04 percent of Woori, the country’s second-largest lender. A committee overseeing the public funds management under the Financi
July 13, 2016
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Prosecution summons Nexon founder over alleged involvement in insider trading
Prosecutors on Wednesday summoned Kim Jung-ju, founder of the nation’s largest game company Nexon, on suspicions that he gave insider information to a senior prosecutor who raked in hefty stock gains.The prosecutors said they are investigating whether Kim gave information about the stock market debut of Nexon Japan in advance to Jin Kyung-joon, a prosecutor who is one of Kim’s college friends. Nexon founder Kim Jung-juIn 2005, Jin bought 10,000 Nexon shares at 425 million won ($370,000) and sold
TechnologyJuly 13, 2016