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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Who's lying? Hybe vs. Min conflict continues to intensify
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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[Photo news] Faker Mercedes
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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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'Shaman says president will die,' caller warns
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Park, Museveni launch Korea Aid program for Uganda
President Park Geun-hye and her Ugandan counterpart Yoweri Museveni launched South Korea's aid program for Uganda on Monday in the latest sign of Seoul’s commitment to boosting development cooperation in Africa. South Korea -- which has become the first former aid recipient to join the ranks of official donors in a half century -- has been sharing its development experience with many developing countries. Park and Museveni attended the ceremony to kick off the program, called “Korea Aid”in M
PoliticsMay 30, 2016
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Japan on alert for N. Korea's ballistic missile launch: media reports
Japan has put its military on alert as North Korea is showing signs of launching a ballistic missile, Japanese media reports showed Monday. Citing a local government source, NHK reported that the Japanese government has ordered its military to be ready to intercept any ballistic missile to be fired by the North if it enters its territory. Under the order, Japan's military will deploy Aegis destroyers equipped with high-performing radars and intercept capabilities along with ground-based int
North KoreaMay 30, 2016
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[Graphic News] Banks’ loan-loss provision increases
May 30, 2016
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[Foreigners Who Loved Korea] George Lewis Shaw, an active supporter of Korean independence movement
George Lewis Shaw was born as the eldest son of an Irishman, Samuel Lewis Shaw, and a Japanese woman, Ellen O’Sea Shaw in 1880 on Pagoda Island of Fuzhou, Fujian province, China. He married Saito Fumi, a Japanese woman, and the second of his two sons, Samuel George Shaw, also married a Japanese woman. Despite his father, son, and George L. Shaw himself taking Japanese wives, George L. Shaw, was far from being pro-Japanese. Instead he actively supported the Korean independence movement while runn
CultureMay 30, 2016
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Korean pianists share top prize at Citta di Airola
Korean pianists Lee Jung-soo, 26, and Lee Dong-yul, 35, shared the honor of winning the first prize at the 8th International Music Contest “Citta di Airola.” The music contest, held in Airola, Italy, from May 21-29, consists of six categories including soloists, chamber music, opera singing, jazz and pop Music. Seventy of the 700 musicians who participated in the competition were solo pianists. Pianists Lee Jung-soo and Lee Dong-yul won the first prize in the no age limit section of the soloists
PerformanceMay 30, 2016
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[Herald Interview] A ‘good messy’ mix of jazz and soul
In the world of digitalized everything, soul singer Kandace Springs is drawn to music that is “stripped bare” and natural. “It’s kind of a crossover between jazz and soul. It’s really organic, all live instruments,” the Nashville, Tennessee native said of her music when she met with The Korea Herald in southern Seoul last Monday. Springs was in town to perform at the Audi Lounge stage at Club Octagon that night. Nashville-based soul singer Kandace Springs sits with The Korea Herald for an inter
PerformanceMay 30, 2016
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Maestro Muti’s passion inspires young musicians
Internationally hailed as one of the most prominent and wealthiest head conductors in the classical music field today, Riccardo Muti needs little introduction. The superstar conductor, currently head of the Chicago Symphony Orchestra and the Orchestra Giovanile Luigi Cherubini, recently wrapped up his first-ever opera academy in Asia -- the Riccardo Muti Italian Opera Academy -- held from May 22 to 29 at Gyeonggi Arts Center and Seoul Arts Center.Muti, 74, first launched his eight-day-long opera
PerformanceMay 30, 2016
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N.K. leader watches Pyongyang-Beijing's basketball game
North Korean leader Kim Jong-un has watched a basketball game between his country's military team and the Chinese Olympic team, saying that the match showed their "deep friendship," the North's state media said Monday.Kim watched the friendly basketball match between North Korea's Sobaeksu team and the Chinese Olympic men's team, together with key party officials, including Choe Ryong-hae, according to the Korean Central News Agency. It did not specify the date of the game."(The North's leader)
North KoreaMay 30, 2016
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Korea set to take first step to implement deal with Japan on sex slaves
South Korea will officially start work to implement a landmark agreement forged with Japan late last year to compensate South Korean women sexually enslaved by Japanese soldiers during World War II, the government said Monday.The government will launch a steering committee on Tuesday in the run-up to the official establishment next month of a foundation aimed at compensating the South Korean women who were forced to serve in frontline brothels for the imperialist Japanese army during the war.The
Foreign AffairsMay 30, 2016
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Eximbank Korea adopts performance-based wage system
State-run policy lender, the Export-Import Bank of Korea (Eximbank Korea), decided Monday to offer incentives and penalties to their employees based on their performance, becoming the last of nine public financial firms here to introduce the so-called performance-based wage system.The decision, however, may face strong resistance, if not a legal battle, from unionized workers as it was made solely by the bank's board of directors.The decision came one day before the deadline set by the country's
IndustryMay 30, 2016
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Seoul stocks down 0.1%on possible U.S. rate hike
South Korean stocks closed lower on Monday as investors took to the sidelines over the growing possibility of a rate hike in the United States in the near future.The Korean won dropped against the U.S. dollar.The benchmark Korea Composite Stock Price Index shed 2.04 points, or 0.1 percent, to close at 1,967.13. Trade volume was moderate at 541 million shares worth 4.53 trillion won ($3.89 billion), with losers outpacing gainers 489 to 315. The local stock market got off to a weak start after U.S
May 30, 2016
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Lotte chairman pins hope on hotel IPO to boost corporate transparency
Lotte Group Chairman Shin Dong-bin said Monday that the upcoming listing of its affiliate, Hotel Lotte, will be a crucial initial step to boost the group's corporate governance, hoping to restore the retail giant's image tainted by a prolonged succession feud.Shin made the remark in a meeting with institutional investors as Lotte's hotel and duty-free operating unit is set to make its debut in the KOSPI market on June 29. The listing is one of the reform pledges that the 51-year-old made as part
IndustryMay 30, 2016
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Gov't to lift price ceiling on promotional giveaways
The South Korean antitrust watchdog on Monday said it will lift the price ceiling on promotional giveaways, offered by companies to attract more customers, as part of its deregulation drive.Under the current Fair Trade Commission guidelines, a business is not allowed to provide free gifts worth 20 million won ($16,780) or more to those who buy their goods. The price restriction was adopted in 1982 in order to keep customers from overspending.Leading tire maker Hankook Tire Co. was ordered to can
May 30, 2016
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[Editorial] Rhythmic gymnast
Son Yeon-jae from South Korea is verifying her global competitiveness in rhythmic gymnastics, clinching five medals at an International Federation of Gymnastics World Cup in Bulgaria over the weekend.Son took bronze in the individual all-around, a gold in clubs, two silvers in hoop and ribbon and a bronze in ball during the Sofia competition.She is drawing close attention as to whether she will become the first Korean rhythmic gymnast to take an Olympic medal in Rio de Janeiro in August. Her pop
EditorialMay 30, 2016
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[Editorial] Blunted growth
South Korea lagged behind some European countries whose per capita gross domestic product exceeded $50,000 in the 2015, according to the Organization for Economic Cooperation and Development.The nation, which ranks 28th in per capita GDP among OECD members at about $25,000, posted 2.6 percent economic growth last year -- behind Luxembourg, Iceland and Ireland. The three nations were included in the world’s top 10 per capita GDP ranking.Korea has usually exceeded the high-income countries in annu
EditorialMay 30, 2016
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[Trudy Rubin] Democracy threatened as populism increases
In the early 1990s, after the collapse of the Soviet empire, most Western nations basked in the illusion that liberal democracy had triumphed. Many thought NATO had become an anachronism in an era of permanent European peace.Some countries freed from Kremlin control, including tiny Estonia, knew better. Only 2 1/2 decades later, the European Union teeters and populism thrives -- on both sides of the Atlantic. A revanchist Russia bent on restoring past glory makes nuclear threats against members
ViewpointsMay 30, 2016
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[Adam Minter] China should collaborate with Hollywood
When Disney opens its largest-ever theme park in Shanghai on June 16, the competition won’t be idle. Wang Jianlin, China’s second-richest man and CEO of Wanda Group, is promising to unleash a “pack of wolves” -- his affectionate term for his own network of family-friendly theme parks -- on the Disney “tiger,” rendering it unprofitable. In its place, he promises a theme park experience less Western in feel and characters, and more in keeping with Chinese culture and values. Wang isn’t totally cra
ViewpointsMay 30, 2016
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[Albert R. Hunt] Trump and Clinton would mostly do what they say
A number of Republicans rationalize Donald Trump’s proposals on immigration and trade as just political show. Similarly, some free-trade Democrats suggest that Hillary Clinton’s protectionist stance is merely rhetoric.They are deluded. Academic research and recent history show that newly elected presidents try to hew closely to their campaign commitments.“New presidents actually believe they have a mandate, feel empowered,” says Shirley Anne Warshaw, a presidential scholar at Gettysburg College.
ViewpointsMay 30, 2016
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U.S. soldier to be deported for sexual assault
A U.S. soldier convicted of sexual assault will be deported from Korea and banned from reentry for five years immediately, once a court sentence delivered Friday is confirmed. The soldier, only identified by the initial “S,” was given an 18-month prison sentence with three years of probation by Suwon District Court for sexually assaulting a female restaurant owner who had been asleep at her empty shop in Pyeongtaek, Gyeonggi Province. (Yonhap)The court said the sergeant broke in to the restaura
Social AffairsMay 30, 2016
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[Gareth Evans] Good news for humanity
Bad news is all around us. The world confronts the possibility of a sexist, racist ignoramus occupying the White House next January. Unreconstructed authoritarians already are in charge in Russia and China. Populists of varying ugliness are winning elections from Poland to the Philippines. And Islamophobia is overriding compassion in almost every country, including my own, that must respond to the current refugee crisis. What Abraham Lincoln described in his first inaugural address as “the bette
ViewpointsMay 30, 2016