Most Popular
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[Exclusive] Democratic Party of Korea forms US election task force
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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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Samsung, top banks to create W2tr green growth fund for SMEs
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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An increasing number of K-pop idols are breaking free from big agencies. Why?
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Couple welcoming quintuplets to receive over W170m in childbirth grants
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Korean automakers pressured to diversify supply chains as US bans Chinese tech
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[Herald Interview] Portraying a version of god for young people in 'Hadestown'
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N.Y. installation takes visitors on tour of Italy
NEW YORK (AP) -- If visiting Italy isn’t on your agenda, a 360-degree video installation in New York City of the country’s magnificent landmarks may whet your appetite.Called "Panorama," the wrap-around screen went up in Grand Central Terminal this week.Visitors enter an oval room-like structure in the terminal’s Vanderbilt Hall where they’re enveloped by scenes of Italy. Drones were used to take images of more than 200 locations.The video takes visitors over the Roman Coliseum and through Italy
TravelJune 29, 2016
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J.K. Rowling‘s latest tale of wizardry set in Massachusetts
BOSTON (AP) -- J.K. Rowling's latest tale of wizardry is set atop the mountains in Massachusetts. The second installment in a collection called "Magic in North America" describes a secret wizarding school located at the peak of Mount Greylock in the Berkshires. The story was published Tuesday on Rowling’s Pottermore site.The tale, "Ilvermorny School of Witchcraft and Wizardry," provides the backstory for the North American school of magic, founded in the 17th century. An orphaned Irish girl sail
BooksJune 29, 2016
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NACF chief to be grilled over alleged illegal campaigning
[THE INVESTOR] National Agricultural Cooperative Federation chairman Kim Byeong-won is to be questioned by the prosecution for alleged wrongdoing in the election process on June 30. The NACF is Korea’s largest agroindustry body that counts NongHyup Financial Group among its affiliates. Its chairman is elected among chiefs of regional branches who run for office. Kim was elected as the chairman of NACF in January, and it has since emerged that he may have been involved in illegal campaign activit
June 29, 2016
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Finance minister pledges to implement aggressive fiscal expansion
Korea's chief economic policymaker on Wednesday said he will use all fiscal means to get over the lingering downside risks at home and abroad and revive the growth momentum in Asia's fourth-largest economy."As we are in severe economic conditions inside and outside the country, we have to take an aggressive (fiscal) stance to deal with mounting risks," Finance Minister Yoo Il-ho said in a parliamentary session in Seoul."The government will carry out corporate restructuring, job creation programs
June 29, 2016
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Two leaders of People's Party offer to resign over corruption scandal
The two leaders of the People's Party offered to resign on Wednesday, taking "political" responsibility for a high-profile corruption scandal involving three members of the fledgling minor opposition party.Reps. Ahn Cheol-soo and Chun Jung-bae announced their decision to step down as the party reels from the scandal that erupted earlier this month after the state election watchdog claimed that their party members received hundreds of millions of won in illicit political funds from two local firm
PoliticsJune 29, 2016
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Lending rates on household loans decline in May
Bank lending rates on new household loans dropped from a month earlier in May, central bank data showed Wednesday.However, interest paid by banks on fresh deposits fell at a faster clip, further widening the gap between the interest rates paid to and by local banks.The average interest rate on fresh household loans came to 3.16 percent in May, down 0.01 percentage point from the previous month, according to the data from the Bank of Korea.The May reading marked the second consecutive month of dr
June 29, 2016
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China Unicom to invest in Korean start-ups
[THE INVESTOR] Network operator SK Telecom said June 29 that a leading Chinese telecommunications firm has decided to invest in two Korean start-ups, which had participated in a start-up program run by the Korean telecom firm.SKT said the two start-ups -- Wisejet and Ezbelle -- have secured 900 million won ($769,500) of funding, respectively, from China Unicom, the second largest telecom firm in China. Jang Dong-hyun(second from left), the chief executive of SK Telecom, looks at products made by
Latest NewsJune 29, 2016
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Ex-chairwoman of Hanjin Shipping summoned again over illegal stock trading
A former head of Hanjin Shipping Co. was summoned by prosecutors for the second time Thursday over suspicions she illegally sold company stocks after obtaining insider information to avoid losses, legal sources said.The Seoul Southern District Prosecutors' Office summoned Choi Eun-young as a suspect on charges of violating the Financial Investment Services and Capital Markets Act.The 54-year-old and her two daughters are suspected of selling stocks of the financially troubled Hanjin Shipping in
IndustryJune 29, 2016
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Park visits local firm to promote flextime system
President Park Geun-hye on Wednesday visited a local air passenger service company to promote a flextime system, the centerpiece of a broader program that her government has backed to help workers maintain a work-family balance.Park met with senior officials and workers of Air Korea Ltd., an affiliate of Korea's Hanjin Group conglomerate that boasts a comprehensive program, including a "time-selective working hour system" under which workers flexibly decide their work schedules to spend more tim
PoliticsJune 29, 2016
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Seoul shares extend gains in late morning trade
Korean shares extended gains late Wednesday morning as investors speculate that there will be concerted global efforts to shore up markets reeling from the post-Brexit rout.The benchmark Korea Composite Stock Price Index rebounded for three straight sessions to rise 23.54 points, or 1.22 percent, to 1,959.76 as of 11:20 a.m., after shedding 3.38 percent from Thursday to Friday. The local stock market is also buoyed by the government's fiscal stimulus package worth 20 trillion won announced Tuesd
June 29, 2016
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Effect of tax cut tapers off in car sales
Growth in Korea's auto market tapered off this year despite a consumption tax cut program on passenger cars, industry data showed Wednesday.Korean and foreign carmakers sold a combined 637,369 units in the first five months of this year, up 8.3 percent from 588,541 units from the same period last year, according to the data compiled by the Korea Automobile Manufacturers Association and the Korea Automobile Importers and Distributors Association.In comparison, a total 594,457 passengers cars were
June 29, 2016