Most Popular
-
1
Man arrested 16 years after murdering girlfriend, hiding body in cement
-
2
[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
-
3
Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
-
4
Middle East’s big AI push lures Korean tech firms
-
5
[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
-
6
[Exclusive] Democratic Party of Korea forms US election task force
-
7
[Grace Kao] NewJeans fights Hybe for their survival
-
8
NK nuclear test 'possible' around US election in Nov., says Yoon aide
-
9
[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
-
10
What will Yoon, Han talk about at dinner?
-
[Weekender] Competent warriors, vital military ambassadors since start of alliance
Every year, on the morning of June 25, the Korean War Veterans Memorial is greeted by a slew of government officials, military personnel and war veterans who gather to pay tribute to the fallen warriors of the Korean War that cost the lives of 130,000 Korean and 36,000 U.S. soldiers. But the 66th Anniversary this June had new additions to those honored -- fallen Korean soldiers who had served under the Korea Army Augmented to the 8th U.S. Army, or “KATUSA.” The names of 7,052 unknown heroes were
DefenseJuly 8, 2016
-
S. Korea, U.S. to deploy THAAD system here by end-2017
Seoul and Washington said Friday they plan to complete the stationing of advanced U.S. missile defense assets in the South within next year, adding that this will help counter North Korea’s growing nuclear and missile threats. Following five months of consultations, the two countries said they have decided to deploy the Terminal High Altitude Area Defense system here and expect to unveil the site “within a couple of weeks.” Despite Beijing’s stringent opposition, the allies reiterated that the p
DefenseJuly 8, 2016
-
HMM pins hope on credit rating rebound
[THE INVESTOR] South Korea’s second-largest shipper Hyundai Merchant Marine said on July 8 that it will visit major credit rating agencies to explain about its ongoing restructuring measures, in hopes they reevaluate the credit standing of the ailing company. The company will visit the rating agencies Korea Investor Services, Korea Ratings and National Information and Credit Evaluation and talk about their restructuring plan process, including the asset sales, negotiations to reduce charter rate
IndustryJuly 8, 2016
-
Demand growing for safer, short-term investment tools on uncertainties
[THE INVESTOR] The lingering uncertainties in the global financial markets including the impact of Britain’s latest decision to quit the European Union are fueling a demand for safer, short-term investment tools.As of the end of May, funds in fixed deposits of six months or less, money market funds and other short-term financial products reached 876.2 trillion won (US$ 756.9 billion), according to the Bank of Korea and Hana Institute of Finance.When adding assets which are considered stable, suc
July 8, 2016
-
Finance Minister promises preemptive response to Brexit
[THE INVESTOR] South Korea will prepare for the possible impact of UK’s departure from the European Union through stronger international cooperation and stable management of foreign reserves, Finance Minister Yoo Il-ho said on July 8.Speaking at a meeting of economy-related ministers in Seoul, Yoo, who also doubles as deputy prime minister for economic affairs, said that the government will maintain healthy foreign reserves, saying that it was the “last bastion” for Korean economy.Finance Minist
July 8, 2016
-
More places to take part in civil defense drills
The government said Friday it is pushing to require more public places such as movie theaters and shopping malls to broadcast alarms during civil defense drills.The Ministry of Public Safety and Security said it will propose a revision bill to the current Framework Act on Civil Defense that requires terminals, subways, movie theaters and malls of sizes over 3,000 square meters to join such drills.So far, the siren warnings have only been aired through radio, television and speakers installed on
Social AffairsJuly 8, 2016
-
Ministry restricts use of disposable cups at ballparks
South Korea’s Ministry of Environment and the Korea Baseball Organization joined hands Friday to restrict sales of beverages sold in disposable cups and increase awareness of recycling at baseball stadiums.Under the new policy, beverages below 1 liter will only be sold in recyclable PET containers at all nine KBO stadiums by 2017. Currently, there are six baseball stadiums in Korea -- Jamsil, Gocheok Dome, Suwon, Daegu, Masan and Daejeon -- that sell food and beverages in recyclable containers s
Social AffairsJuly 8, 2016
-
Russia expresses 'serious concern' over THAAD decision
Russia on Friday expressed "very serious concern" over the decision by South Korea and the United States to deploy an advanced missile defense system on South Korean soil.In a statement, Russia's foreign ministry said the decision came "despite strong and persistent opposition of the Russian side and a number of other countries." (Yonhap)
DefenseJuly 8, 2016
-
Former Navy chief facing charges of bribery released on bail
South Korea's former Navy chief whose bribery case is pending at an appeals court has been released on bail, the court said Friday.The Seoul High Court said it has accepted the motion filed by former Navy Chief of Staff Jung Ok-keun, who was indicted in 2011 on charges of receiving some 770 million won ($663,000) from a local firm in return for helping it win deals to build the Navy's defense equipments.Jung received a 10-year jail term at a district court and a reduced four-year term at the app
Social AffairsJuly 8, 2016
-
Thailand adopts Korean language for college entrance exam
The Korean alphabet, "Hangeul," has become a second foreign language for the college entrance examination in Thailand, the center of "Hallyu," the global popularity of Korean dramas, movies and pop songs, the South Korean Embassy here said Friday. "The Council of University Presidents of Thailand has recently notified us of its decision to adopt the Korean language as an optional second foreign language subject at its college entrance test," an embassy official said. In explaining its decision,
InternationalJuly 8, 2016
-
Park calls on party, government to work in unison to tackle challenges
President Park Geun-hye on Friday called on the ruling Saenuri Party and her government to work in unison to tackle a series of security and economic challenges, as she hosted a luncheon with party lawmakers in a move to secure their support for an array of her policy tasks.A total of 126 party lawmakers, along with interim leader Kim Hee-ok, attended the luncheon at the presidential office Cheong Wa Dae. It was the third such gathering since she took office in February 2013."I hope that the par
PoliticsJuly 8, 2016
-
LG Electronics says Q2 operating income more than doubles
LG Electronics Inc., South Korea's No. 2 tech giant, said Friday that its second-quarter operating profit is estimated to have more than doubled from a year earlier.The tech company's second-quarter operating income for the April-June period is estimated at 584.6 billion won ($503.3 million), up 140 percent from the 244 billion won posted a year earlier, the company said in its earnings guidance report. The estimates slightly hovered above the market consensus.According to data compiled by Yonha
July 8, 2016
-
Korean stocks down on institutional selling, political risks
South Korean shares closed lower Friday as institutions sought to cash in early gains while heightened geopolitical risks following a decision to deploy a U.S. tactical missile defense system in South Korea spooked investors.The local currency lost ground against the U.S. greenback.The benchmark Korea Composite Stock Price Index lost 10.98 points, or 0.56 percent, to 1,963.10. Trading volume came to 345.9 million shares, worth 4.07 trillion won ($3.5 billion), with losers outnumbering gainers 57
July 8, 2016
-
Arrest warrants sought for 3 GM Korea employees over corrupt hiring
[THE INVESTOR] The prosecution investigating irregularities in GM Korea’s hiring process in 2015 and 2016 filed for arrest warrants on three GM Korea employees.According to the Incheon District Prosecutors’ Office, three GM Korea employees including a former union official have been taken into custody, and that applications for arrest warrants on all three have been submitted on charges of violating the Labor Standards Act.It has been alleged that three GM Korea employees received as much as 100
MobilityJuly 8, 2016
-
South Korean share prices down on THAAD decision
[THE INVESTOR] South Korean share prices declined on July 8 after the country and its main ally, the US, agreed to deploy a high-tech antiballistic-missile interception system in Korea. The benchmark KOSPI index closed 0.56 percent lower at 1963.01 points as exporting firms like cosmetic makers became big losers. Investor sentiment was down, analysts said, on concerns over the possibility of diplomatic tension with China and Russia following the THAAD decision. South Korea and the US agreed to d
July 8, 2016