Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Exclusive] Democratic Party of Korea forms US election task force
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Middle East’s big AI push lures Korean tech firms
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Seoul seeks to improve foreign nanny program after two abscond
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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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[DECODED] Hyundai Motor outside directors need ‘watchdog role’
[DECODED] The corporate board of Hyundai Motor, the top decision-making body for the nation’s largest automaker, has made improvements in its shareholder-friendly policies for the past few years by raising dividend payments and setting up a sub-committee for better communication with shareholders. The nine-member body, however, has made little progress in upgrading the quality of itself, idling from its core “watchdog” role for better management decisions. The automaker’s governing body has been
IndustryJuly 5, 2016
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3 out of 10 big companies say regulations hinder new business
Red tape hinders new businesses at three out of 10 big companies at home, a poll showed Tuesday in the latest sign that regulations could hold back corporate management.The survey of 141 local companies released by the Korea Economic Research Institute found that 29.3 percent faced difficulties in their new businesses due to regulations. (Yonhap)The survey was conducted on the country's 300 largest companies by revenue by the institute under the Federation of Korean Industries, the nation's big
IndustryJuly 5, 2016
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Restructuring of ailing sectors will take toll on SMEs
[THE INVESTOR] South Korea’s ongoing restructuring of financially troubled sectors like shipbuilding could put a damper on the country’s small and medium enterprises, a think tank’s report showed on July 5. According to a report published by IBK Economic Research Institute, bank loans extended to SMEs in so-called “vulnerable industries,” designated by the government, amounted to some 62.5 trillion won (US$54 billion). The government has singled out five industries -- shipbuilding, shipping, con
IndustryJuly 5, 2016
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USFK veterans to launch fraternity this year
Retired and in-service members of the U.S. Forces Korea plan to launch a fraternity group this year to foster camaraderie and support the two countries’ alliance, Seoul defense officials said Tuesday. The Korea Defense Veterans Association will be reportedly chaired by Walter Sharp, a former USFK commander from 2008-11, and joined by other ex-generals including Leon Laporte and James Thurman. Former USFK commander Walter Sharp (Yonhap)Last month, Kim Jong-wook, chairman of the KATUSA Veterans A
DefenseJuly 5, 2016
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[HERALD INTERVIEW] Gyeongju takes lead in Korea's immersive media venture
Gyeongju, a city better known for its well-preserved historic treasures, is taking on a rather unlikely venture by spearheading the central government’s scheme to develop the country’s immersive media industry.With support from the Ministry of Science, ICT and Future Planning, as well as North Gyeongsang Province, the coastal city is working to take the lead in the realistic media industry such as by recently launching the Gyeongju Smart Media Center. Gyeongju City Mayor Choi Yang-sikThe organi
Social AffairsJuly 5, 2016
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[ANALYST REPORT] Autos: Shipments up in June despite weak exports
Hyundai Motor (HMC) and Kia Motors saw their global shipments rise a respective 9.1% and 2% y-y in June as both firms offset weak exports with solid domestic sales and overseas plant shipments, while their global shipment volume fell a respective 0.9% and 4.6% y-y to 2.39m and 1.46m vehicles over January-June.● Domestic auto demand (excluding imports) grew 19.3% y-y in June—and 10.9% y-y to 812,000 vehicles in 1H—thanks to: 1) promotions with an excise tax cut expiring at month’s end; and 2) new
July 5, 2016
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T-ara's Soyeon, Click-B's Oh Jong-hyuk break up after six years
Soyeon of Korean girl group T-ARA and Oh Jong-hyuk of Click-B put an end to their six-year relationship, their management agencies confirmed on Tuesday."Oh Jong-hyuk recently broke up with Soyeon," an official of DSP Media, Oh's management, said. "The separation is a personal matter that we are not familiar with." (Yonhap)Soyeon's agency, MBK Entertainment, also confirmed that the two celebrities' relationship "naturally dissolved due to their busy schedules.""Having been together for a long tim
EntertainmentJuly 5, 2016
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Gov’t hopes to attract more foreign students, institutions
[THE INVESTOR] International schools on Jejudo Island will to be allowed to send a part of their profits abroad from the first half of next year under the government’s service industry growth plans revealed on July 5. Under the plans, up to 40 percent of the profits will be allowed to be transferred abroad if the school’s debt to capital ratio and other conditions are met. In addition, the government will also review allowing student loans to be given to Korean students studying at foreign insti
July 5, 2016
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Parties lock horns over Sewol censorship claim
Opposition parties on Tuesday blasted the government over the recent allegation that a former top presidential aide and incumbent ruling party lawmaker had attempted to censor news broadcasting on the Sewol ferry sinking two years ago.During the National Assembly’s first interpellation session, the ruling camp had focused on political agendas stacked against the opposition, such as the ongoing police probe into a group of liberal civic groups for suspected violation of the election law.“Rep. Lee
PoliticsJuly 5, 2016
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Park to lunch with all Saenuri lawmakers
President Park Geun-hye will invite all members of the ruling conservative Saenuri Party to Cheong Wa Dae this Friday, seeking to bolster the administration-legislature ties in the new National Assembly, according to the party’s leadership on Tuesday.The Saenuri floor leader Rep. Chung Jin-suk announced in a party meeting that all of the party’s 129 lawmakers have been invited to a luncheon to be held at the presidential office on Friday.This is to be the third time for the president to meet wit
PoliticsJuly 5, 2016
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Heavy monsoon rain pounds capital, central area
Heavy rainfall pounded Seoul and the central regions of the peninsula Tuesday, forcing some 200 people from their homes. The heavy downpour also caused floods, traffic jams and the collapse of some facilities.The Korea Meteorological Administration said 119 millimeters of rain poured down in Seoul as of 2:20 p.m. Tuesday. A heavy rain warning has been issued for Seoul and the central regions with the daily precipitation of the capital expected to be 180mm or more within 12 hours.A citizen watche
Social AffairsJuly 5, 2016
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Korea sees no sign of Kim's China trip
Korea has not detected any signs North Korean leader Kim Jong-un is preparing a visit to China, the foreign ministry said Tuesday, commenting on what would be his first foreign trip since taking power.On Monday, the Korean newspaper AsiaToday reported that the Swiss-educated North Korean leader is expected to make a state visit to China as early as July 27 and no later than Oct. 1. July 27 marks the day the Armistice Agreement was signed to end the 1950-53 Korean War in which China fought alongs
Diplomatic CircuitJuly 5, 2016
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[FEATURE] Sanitary pads controversy brings light on women's poverty, reproductive health
Ock Hye-rim was 21 years old when she moved to Seoul from her hometown in Busan in 2001. While living on her own, she worked for a clothing company, six days a week, and was paid 600,000 won ($508) per month. Due to severe work-related stress and grueling hours, she developed abnormal vaginal bleeding. “It went on for more than two months,” Ock said in an interview with The Korea Herald. “I had to use sanitary pads every day. And the cost for the pads just became unbearable. I was only getting p
Social AffairsJuly 5, 2016