Most Popular
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Korea to face another massive shortfall in tax revenue
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Global drama stars gather for 2024 Seoul International Drama Awards
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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SK hynix outpaces Samsung, Micron with more powerful AI chips
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Power of nostalgia brings K-pop legends back together
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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[Photo news] Faker Mercedes
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'Shaman says president will die,' caller warns
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Google Korea CEO summoned again in toxic sterilizer probe
The CEO of Google Korea who formerly headed the local unit of Oxy Reckitt Benckiser was summoned again by prosecutors Tuesday to face questions over the British firm's toxic humidifier sterilizer which has caused numerous deaths and illnesses here.The Seoul Central District Prosecutors' Office summoned John Lee as a suspect in the snowballing case that involves scores of deaths since 2011, including some pregnant women.The summons came about two weeks after he was first grilled by prosecutors la
Social AffairsJune 7, 2016
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ANN launches new website, logo
Asia News Network, the regional media alliance of 21 leading newspapers, has launched its new website (www.asianews.network), which can also be accessed on mobile devices. The network, of which The Korea Herald is an active member, also unveiled a new logo. The new website, launched during the network’s annual board meeting in Beijing last week, will provide selected top stories from member papers on a daily basis. The new site boasts a reader-friendly interface. ANN also plans to launch a dail
IndustryJune 7, 2016
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Lotte Chemical bids for U.S. chemicals firm Axiall
Lotte Chemical Corp., a major chemicals maker, said Tuesday that it has submitted a bid to take over a U.S.-based chemicals firm to expand its business portfolio.In a regulatory filing, the company said it has submitted a bid to take over Axiall Corp., a deal estimated at over 3.3 trillion won ($2.78 billion). No financial details were revealed. Axiall, a leading U.S. chemicals firm, produces plastics, pulp and paper, packaging, chemical intermediates, and building and home improvement products.
IndustryJune 7, 2016
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Overseas sales of Kia's Sportage SUV hit monthly record in May
Kia Motors Corp., South Korea's second-largest carmaker, saw its sales of the Sportage SUV around the globe hit a record high last month thanks to strong demand for its latest model, industry data showed Tuesday.According to the data, Kia Motors sold a total of 50,208 units of the Sportage in overseas markets in May, the largest-ever figure on a monthly basis since its global debut in 1993.Of them, the sales of its latest fourth-generation Sportage stood at around 42,380 units. The all-new Sport
MobilityJune 7, 2016
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Venture firms' exports drop on global slump
Exports by South Korean venture companies fell this year for the first time in three years, stung by the continued sluggishness of the global economy, data showed Tuesday.Overseas shipments by local startups came to $5.23 billion in the January-April period, down 6.5 percent from the same period a year earlier, according to the data by the Korea International Trade Association.The drop is lower than a 12.8 percent plunge in South Korea's overall overseas shipments during the four-month period, b
IndustryJune 7, 2016
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BOK forecast to hold key rate steady for June: poll
South Korea's central bank is widely expected to hold its key rate steady in June, a poll showed Tuesday, amid what economists called mild signs of recovery and a looming U.S. rate hike.In a survey conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, 11 out of 13 economists polled forecast the Bank of Korea (BOK) to stand pat on its key rate this month.The BOK has kept its policy rate frozen for 11 consecutive months since June 2015 after sending it to a record low of 1.5 p
June 7, 2016
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U.S. to focus on ensuring China implements sanctions on N. Korea: White House official
The United States will talk to China to make sure that it carries out sanctions on North Korea, including the latest "money laundering concern" designation, before assessing Chinese cooperation, a senior White House official said Monday.Deputy National Security Advisor Ben Rhodes made the remark during a discussion at an annual meeting of the Arms Control Association, in response to a question how long the U.S. will wait before blacklisting Chinese banks for doing business with Pyongyang under t
North KoreaJune 7, 2016
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U.S., Korea moving forward in THAAD talks: Pentagon
The United States and South Korea are moving forward in negotiations on the potential deployment of the THAAD missile defense system in the South, and are now focused on working out unspecified "complicated issues," the Pentagon said Monday.Following the North's long-range missile test in February, Seoul and Washington launched official talks about placing a Terminal High Altitude Area Defense battery in the South to bolster defense against missile threats from the communist nation. The move has
DefenseJune 7, 2016
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THAAD to 'dramatically' enhance capacity to counter NK threat: defense chief
South Korea's defense chief said the possible deployment of a U.S. advanced missile defense system to South Korean soil will help "dramatically" enhance Seoul's capacity to counter North Korea's missile threats.Seoul and Washington have been discussing the potential deployment of a Terminal High-Altitude Area Defense battery in the South, where about 28,500 American troops are stationed, in an effort to better defend against growing missile threats from the communist nation."South Korea only has
DefenseJune 7, 2016
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IAEA: N. Korea could have started nuclear reprocessing
North Korea could have started reprocessing spent nuclear fuel to harvest plutonium for nuclear weapons, the International Atomic Energy Agency said Monday."The DPRK (North Korea) resumed the activities of five megawatt reactors or enrichment or reprocessing," IAEA Director General Yukiya Amano said at a press briefing in Vienna, referring to facilities at the North's Yongbyon nuclear complex."However, as we do not have inspectors on the ground, we are only observing through satellite imagery. W
North KoreaJune 7, 2016
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China restricts Ramadan fasting in Muslim region
BEIJING (AFP) -- Chinese officials have restricted civil servants, students and children in a mainly Muslim region from fasting during Ramadan, government websites said as the holy month began on Monday.The country's ruling Communist party is officially atheist and for years has banned government employees and minors from fasting in Xinjiang, home to the more than 10 million-strong mostly Muslim Uighur minority.It has also ordered some restaurants to stay open.The region sees regular clashes bet
WorldJune 6, 2016
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Trump says he made 'a lot of money' in deal with Gadhafi
JERSEY CITY, N.J. (AP) -- Donald Trump says he made "a lot of money" in a deal years ago with Moammar Gadhafi, despite suggesting at the time he had no idea the former Libyan dictator was involved in renting his suburban New York estate."Don't forget, I’m the only one. I made a lot of money with Gadhafi, if you remember," Trump said in an interview with CBS’ "Face the Nation" that aired Sunday. "He came to the country, and he had to make a deal with me because he needed a place to stay.""He paid
WorldJune 6, 2016
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N. Korea accuse S. Korean Navy of violating its sea border
North Korea's state-run media accused the South Korean Navy of violating its sea border Monday amid heightened tensions on the Korean Peninsula.The Korean Central News Agency monitored in Seoul said warships from the South violated its waters in the Yellow Sea around 4:30 a.m. on Sunday. It claimed that South Korea pushed 19 fishing boats into waters Pyongyang claims at its own.The news wire said that the move was aimed at triggering a response from the North that could be used by Seoul to blame
NationalJune 6, 2016
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Korea, Cuba break ice for ties
South Korea’s Foreign Minister Yun Byung-se on Sunday expressed hopes of expanding diplomatic, cultural and economic exchanges with Cuba, after holding landmark first foreign ministerial talks between the two countries.“We shared our opinions on issues ranging from bilateral, regional and global ones. I hope there will be continued exchanges on various levels along with a broad range of follow-up discussions,” Yun told reporters in a joint press interview, after meeting his Cuban counterpart Bru
Foreign AffairsJune 6, 2016
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Korea pushed to balance trade with U.S.
Concerns are rising here over what has been deemed as increasing U.S. pressure on Korea to do more to alter its trade practices and business environment.The pressure, which is expected to escalate further in the lead-up to and beyond the U.S. presidential election in November, seems related mainly to the growing trade imbalance between the two sides. Korea’s trade surplus with the U.S. jumped to $28.3 billion last year from $15.2 billion in 2012, when a bilateral free trade agreement came into f
June 6, 2016
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[Graphic News] Quality of life in Korea lowest in five years : OECD
South Korea ranked 28th out of 38 surveyed countries in the Organization for Economic Cooperation and Development’s 2016 Better Life Index. Korea scored above average in areas such as civic engagement, education and jobs, but fell below average in measures that are more subjective such as life satisfaction and work-life balance.This year’s ranking is the lowest since 2012 when Korea came in 24th in the index. The area in which Koreans showed the least satisfaction was community relations, in whi
June 6, 2016
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Former PM says diplomats not suitable for politics
Former South Korean Prime Minister Lee Hae-chan on Monday said that diplomats were not suitable for playing in domestic politics, days before he was scheduled to meet with U.N. Secretary-General Ban Ki-moon in New York this week.“The talents of diplomats are not suitable for local politics. While diplomacy is also important, a diplomatic character does not fit with the politics that have extreme conflicts,” Lee said to the press. “I have seen many diplomats, but none of them ran for presidency.”
PoliticsJune 6, 2016
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[Photo News] Samsung promotes imaging technology in Hollywood
SAMSUNG PROMOTES IN HOLLYWOOD -- Samsung Electronics held a seminar in Los Angeles last week to promote the high-dynamic-range imaging technology, a technology that enables displays to show a wider range of colors. Around 100 engineers and experts in producing video content in Hollywood participated in the event. Samsung Electronics
TechnologyJune 6, 2016
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Hyundai Merchant aiming to reach pact on new charter rates this week
Hyundai Merchant Marine Co., South Korea's second-biggest container carrier, is aiming to cut a deal that will set new rates on chartered ships this week, sources said Monday. Hyundai Merchant is expected to sign an initial deal with the owners of chartered ships that can lower rates as early as Tuesday, government officials and industry insiders familiar with ongoing negotiations predicted. The company has been in talks with 22 shipowners. It paid 976 billion won (US$823 million) in charte
IndustryJune 6, 2016
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Harry Potter, now a dad, makes stage debut in London
LONDON (AFP) - Harry Potter makes his stage debut on Tuesday in a new London play that imagines the fictional boy wizard as a father of three, in the latest offshoot of the globally successful franchise. “Harry Potter and the Cursed Child” is set 19 years after the seventh and final book in the series by J.K. Rowling, which have sold more than 450 million copies since 1997 and been adapted into eight films. Like many of his fans, Potter has now grown up and has three children with his wife Ginny
PerformanceJune 6, 2016