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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[H2 ECONOMIC POLICY] Gov’t to roll out environment-related support measures
[THE INVESTOR] The South Korean government will expand infrastructure for electric vehicles, and roll out measures for encouraging companies to cut greenhouse gases as part of its plans to boost environment-related businesses in the second half of the year. These and other related measures were included in the government’s economy-related plans for the second half revealed on June 28. Under the plans, a company that invests in alternative energy projects that lead to greenhouse gas reduction at
June 28, 2016
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Jon Bon Jovi surprises cancer-stricken fan with guitar, kiss
TOMS RIVER, New Jersey (AP) -- A New Jersey woman battling lung cancer has received an unforgettable surprise from one of the state’s most famous rockers, Jon Bon Jovi.Rosie Skripkunis says her mother, Carol Cesario, is a lifelong fan of Bon Jovi and has always wanted to meet him.Last month, Skripkunis shared a sign on social media asking the singer to visit her mother and within an hour Skripkunis was working on the surprise with Bon Jovi’s team. The meeting was set up under the guise of a free
PerformanceJune 28, 2016
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Kumho Asiana chief receives prestigious French award
Kumho Asiana Group on Tuesday said its Chairman Park Sam-koo has won a prestigious French award for his contribution to expanding exchanges between the two countries and boosting the two country's aviation industries.Park was given the Order of the Legion of Honor (La Legion d'honneur) by French Ambassador to South Korea Fabien Penone at Penone's residence Monday. (Kumho Asiana Group)The award was conferred in recognition that Park facilitated exchanges between South Korea and France as Asiana A
IndustryJune 28, 2016
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Deutsche Seoul becomes preliminary primary dealer of gov’t bonds
[THE INVESTOR] German lender Deutsche Bank’s Seoul branch has been selected to join the list of preliminary primary dealers, giving the branch authority to underwrite government bonds starting July 1, said the Ministry of Strategy and Finance on June 27. The new addition will increase the number of second-tier bond dealers in South Korea to four. The other three include the Seoul branches of BNP Paribas and Yuanta Securities and Korean insurance company Meritz. There will continue to be 19 first
June 28, 2016
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Now officially no charge to sing 'Happy Birthday'
LOS ANGELES (AFP) -- A U.S. federal judge on Monday signed off on a settlement that puts the song “Happy Birthday” -- considered one of the most recognizable tunes in the English language -- in the public domain.The settlement approved by Los Angeles judge George King ended a long-running legal dispute challenging music publisher Warner/Chappell Music’s claim that it owned the song’s copyright.“This is a huge victory for the public and for the artists who want to use ‘Happy Birthday to you’ in t
PerformanceJune 28, 2016
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Korea ranks 14th in mobile internet connectivity: report
Korea ranked 14th among 134 countries in terms of mobile internet connectivity, a global association of mobile operators said on Tuesday.According to the Global System for Mobile Communications, Korea scored 80.7 out of 100 in four key areas of mobile internet connectivity --infrastructure, affordability, consumer readiness and content. (Yonhap)Australia topped the list, followed by the Netherlands, Denmark, Sweden, Norway, New Zealand, Finland, the United States, Iceland and the U.K., the assoc
TechnologyJune 28, 2016
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Imported green cars showed meager sales in South Korea
[THE INVESTOR] Despite the recent expansion of the imported car market in South Korea, sales did not grow so fast. A total of 1.01 million imported cars were sold from January 2010 to May 2016, according to the Korea Automobile Importers and Distributors Association on June 26.But among them, only 41,466 units, or 4 percent, were eco-friendly vehicles. Out of the 26 carmakers selling imported cars, 15 did not sell eco-friendly cars at all.Only 0.4 percent of sales from BMW, the No.1 seller here,
MobilityJune 28, 2016
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Tickets for Korean indie band Hyukoh's China concert sells out in 1 min
Korean indie rock band Hyukoh is enjoying rising popularity in mainland China, selling out tickets for its forthcoming concert in the country in the blink of an eye, the band's management agency said on Tuesday."The 3,000 tickets for Hyukoh's exclusive concert in Shanghai sold out in one minute after the ticket box opening," said Duruduru AMC in a press release. "Hyukoh is already hot in China, even before its China debut."The Korean rock quartet, with lead vocal and songwriter Oh Hyuk, bass gui
EntertainmentJune 28, 2016
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Korea cuts growth estimate, proposes 10 tln won extra budget
Korea's finance ministry on Tuesday said it has trimmed its growth estimate for the year, while seeking to draw up a 10 trillion won ($8.45 billion) extra budget to buttress Asia's fourth-largest economy against headwinds such as a slump in domestic and overseas demand and, more recently, Britain's unexpected vote to leave the European Union.The ministry lowered its 2016 economic growth outlook by 0.3 percentage point to 2.8 percent, joining other private institutions that have already made down
June 28, 2016
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China submits implementation plan on sanctions against N. Korea
China has submitted an action plan on how to implement its sanctions against North Korea in tandem with the ongoing global efforts to punish Pyongyang for conducting its nuclear and missile tests earlier this year, a government source said Tuesday."We have learned that China has turned in its implementation report" to the U.N. sanction committee for North Korea, the source told Yonhap News Agency on the condition of anonymity.In March, the U.N. Security Council asked the 193 member countries to
North KoreaJune 28, 2016
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Seoul stocks open lower on Wall Street losses
Korean shares opened lower Tuesday, tracking losses on Wall Street, with investors awaiting policy action by central banks around the globe to inject liquidity into markets to ease the turmoil caused by Britain's decision to quit the European Union. The benchmark Korea Composite Stock Price Index fell 16.59 points, or 0.86 percent, to 1,910.16 in the first 15 minutes of trading. Investors have sold risky assets since Britons voted to leave the EU last week. Instead, the investors bet on safe as
June 28, 2016
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Hyundai Motor Group heads for group-wide strike on July 22
[THE INVESTOR] Hyundai Motor Group’s labor union is set to take industrial action on July 22.One June 27, Hyundai Motor’s union said that the negotiations led by the Metal Workers’ Union broke down and a group-wide strike will take place on July 22. According to the unions, the talks fell apart after group companies rejected their call for the seventh round of talks. The Metal Workers’ Union is a subgroup of the hardline umbrella union Korean Confederation of Trade Unions. The unions of carmaker
MobilityJune 28, 2016
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National pension covers some 4 mln people monthly
Korea's state pension program provides coverage to approximately 4 million people monthly, with the number of recipients and pension payments growing steadily, data showed Tuesday.The state pension program was introduced in 1988 to guarantee income for the elderly after retirement and to provide coverage for disabilities and surviving family members.According to the data by the National Pension Service, 3.98 million senior Koreans receive a combined payment of 1.4 trillion won ($1.19 billion) pe
Social AffairsJune 28, 2016
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Park calls on parliament to quickly pass extra budget plan
President Park Geun-hye on Tuesday called on the National Assembly to quickly approve the government's extra spending proposal, stressing it focuses on supporting those who have lost their jobs amid the restructuring of the ailing industries.During a meeting with economy-related ministers, Park also stressed that given South Korea's robust economic fundamentals and relatively small trade volume with Britain, the impact of Britons' decision to leave the European Union would be "limited." Presiden
PoliticsJune 28, 2016