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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Korea needs up to 26.6 trillion won supplementary budget: think-tank
[THE INVESTOR] Korea will need as much as 26.6 trillion won (US$22.5 billion) in supplementary budget to weather negative elements from external and internal economic conditions, a think-tank said on June 26. In a report published on June 26, Hyundai Research Institute said that Korea needs between 11.5 trillion won and 26.6 trillion won in supplementary budget in order to offset negative factors from home and abroad. According to the report, Korea has about 113 trillion won remaining in this ye
June 28, 2016
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Messi's retirement from Argentina could hurt his legacy
Lionel Messi's surprising decision to stop playing for Argentina could damage his legacy with the national team and fans back home.If Messi sticks to his announcement, made in the heat of the moment shortly after Argentina's penalty shootout loss to Chile in Sunday's Copa America final, Argentina will be left dwelling on the fact that it was not able to win any significant title despite having one of the best players of all time.Many fans back home didn't like the fact that he thrived in his ado
SoccerJune 27, 2016
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Ban tells Israelis, Palestinians 'stand firm against violence'
UN chief Ban Ki-moon on Monday urged Israelis and Palestinians not to allow extremists on either side to fan violence, as he arrived as part of a Middle East tour."Do not allow the extremism on either side to fuel the... conflict," he said in remarks at Tel Aviv University. "Palestinians and Israelis leaders must stand firm against violence, terror and incitement."Ban continued the theme at a meeting with Israeli President Reuven Rivlin in Jerusalem."Stabbings, bombings and shootings will not ac
World NewsJune 27, 2016
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Parliament to open probe into toxic humidifier disinfectant
Ruling and opposition parties reached a bipartisan agreement Monday to investigate the toxic humidifier disinfectant case that has become one of South Korea's worst consumer product scandals.The humidifier disinfectant case came to light after four pregnant women died of unknown lung problems in 2011. A government-led investigation confirmed a connection between more than a hundred people who died of lung problems and the chemicals used to clean household humidifiers."We have agreed to form a sp
PoliticsJune 27, 2016
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Civic groups push to incorporate everyday life into legislative process
One of the most popular criticisms against mainstream politics in South Korea is that it has focused too much on political agendas serving the purposes of established politics with less appeal to the general public. A case in point was the 19th National Assembly. A hefty portion of its four-year term was devoted to partisan standoff over contentious legislation, most of which has ended up turning into protracted ideological debates that soon eclipsed everyday matters. Only about 45 percent of t
PoliticsJune 27, 2016
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[Graphic News] Korean firms face growing labor costs, declining productivity
Revenue and operating profit generated per worker at the top 30 listed companies here have been falling in the past five years, but pay on average has been growing in the same period, a study showed Monday.According to the Federation of Korean Industries, sales produced per employee dropped 2.7 percent on average from 1.07 billion won ($902,800) in 2011 to 968.6 million won in 2015. Operating profit per employee also declined 7.1 percent on average from 71.32 million won to 53.17 million won. Th
IndustryJune 27, 2016
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Profitability fell, but labor costs rose at top 30 industrial groups
[THE INVESTOR] Over the past five years, the listed affiliates of South Korea’s top 30 industrial groups saw their profitability decline, while their labor costs increased.The Federation of Korean Industries on June 27 said that between 2011 and 2015, sales per employee at the affiliates fell an annual 2.7 percent to 968 million won (US$ 822,996) from 1.07 billion won. Operating profit per employee also fell an annual 7.1 percent to 53.17 million won from 71.32 million won.At the same time, labo
IndustryJune 27, 2016
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Policemen get away after having sex with teenagers
Two policemen in Busan resigned after it was found they had sex with high school students they were in charge of monitoring, but they faced no punishment and even received their severance pay.One policeman surnamed Kim, 33, had sex with a 17-year-old high school student he was supposed to look after and guide, inside a car after school on June 4. (Yonhap)The case came to light as the student reported what had happend to the school nurse, who then alerted a female officer who was managing student
Social AffairsJune 27, 2016
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Korea to maintain 'solid' ties with Britain, EU even after Brexit: govt official
Korea will maintain its friendly ties with Britain and the European Union on "solid" footing even after Britain leaves the world's largest economic block, a foreign ministry official said Monday. The government will also keep its close cooperative ties with them on the diplomatic front, in particular, in dealing with North Korea's nuclear weapons programs and human rights issues, the official told a group of reporters on condition of anonymity."Regardless of the Brexit decision, we will maintain
Diplomatic CircuitJune 27, 2016
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Korea seeks synergy of science, traditional culture
As hybrid products have become a global trend, the Korean government announced a project Monday to create synergy between its advanced science technology and the country's cultural heritage.Under the inter-agency initiative, the government aims to help modernize and commercialize Korea's traditional cultural assets, according to the Ministry of Science, ICT and Future Planning. It has set the goal of devising 20 kinds of "K-product," capitalizing on the country's traditional culture, by 2025.The
Social AffairsJune 27, 2016
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Samsung Heavy eyes key shareholder meeting in Aug.
Samsung Heavy Industries Co. said Monday it will hold a special shareholders' meeting in August to clear the way for a capital increase aimed at helping the troubled shipyard stay afloat.Samsung Heavy said its board of directors decided to convene the meeting on Aug. 19 to approve a proposal to increase the maximum number of shares it is legally permitted to issue, a precondition for the crucial capital raise. Under its articles of incorporation, Samsung Heavy is currently allowed to float up to
IndustryJune 27, 2016