Most Popular
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Who's lying? Hybe vs. Min conflict continues to intensify
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Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
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Most teen sex offenders get away with slap on wrist
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Ex-Trump official calls for S. Korea to raise defense spending to 3 or 3.5% of GDP
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Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
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Thousands rally in Seoul to call for Yoon resignation
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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Same-sex couple denied insurance clearance despite landmark ruling
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Panmunjom tours for select Korean nationals may resume in October
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Young Poong says no better offer for Korea Zinc
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Seoul shares end lower ahead of U.S. rate decision
Korean stocks closed lower on Wednesday as investors responded to mixed earnings reports, eyeing upcoming rate decisions in major economies. The local currency weakened against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) lost 4.23 points, or 0.21 percent, to 2,015.4. Trade volume was moderate at 407.86 million shares worth 5.31 trillion won ($4.62 billion), with losers far beating gainers 490 to 305.Investors stayed cautious while Federal Reserve officials gathered in
April 27, 2016
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'Family month’ to cost extra W390,000
Koreans will spend an average of 390,000 won ($340) extra in the month of May, a time fondly referred to as “Family month” due to its many state-designated holidays related to parents, children and teachers. Job Korea and Albamon, two major online platforms that provide information for job seekers, combined forces to run a survey targeting 2,981 people. (123RF)According to the survey results, the most financially burdensome day in May was Parents’ Day on May 8, followed distantly by Teachers’ D
Social AffairsApril 27, 2016
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‘Rusalka’ gears up for Korean premiere
Are you willing to become a mute for the one you love? This is one of the many spellbinding love quandaries of Antonin Dvorak’s dramatic opera “Rusalka,” which is making its Korean premiere at the Seoul Arts Center on Thursday evening. Begging the eternal question of how far would one go to be with the one they love, the three-act opera tells the tale of Rusalka, a water nymph who falls in love with a human prince. Desperate for his love and affection, she makes a deal with an evil witch. A sce
PerformanceApril 27, 2016
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Korean competition strong at Jeonju film fest
JEONJU, North Jeolla Province -- Ten films are vying in this year’s Korean Film Competition at the 17th Jeonju International Film Festival, offering a varying bounty of the best in Korea’s independent film scene. The film festival in Jeonju, North Jeolla Province, is set to screen flicks for all sorts. The fest -- running April 28 to May 7 -- will see 211 films on the big screen from 45 different countries, with 49 films making their world premiere. While JIFF doesn’t lack in international flav
FilmApril 27, 2016
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Korea to welcome Japanese tourists during Golden Week
About 83,000 Japanese are expected to visit South Korea during the Golden Week holiday, and the local hospitality scene and retailers are ready to welcome them, the state tourism agency here said Wednesday.The number of Japanese expected to visit South Korea during Golden Week, a combination of public holidays that lasts from April 25 to May 6, is up 3.1 percent from a year earlier, the Korea Tourism Organization said.The number of Japanese travelers grew 2.5 percent on-year in March, the first
Social AffairsApril 27, 2016
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236 business leaders to join Park's Iran visit
A group of 236 South Korean entrepreneurs and business group leaders will join President Park Geun-hye's upcoming trip to Iran in a bid to tap deeply into the Middle East market, the government said Wednesday.The list released by the Ministry of Trade, Industry and Energy involves representatives of 38 large groups and companies, including Samsung Electronics Co. and Hyundai Motor Co., and 146 small and mid-sized firms. President Park Geun-hye (Yonhap)It also contains 50 trade associations and t
IndustryApril 27, 2016
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N. Korea warns of nuclear strike on U.S. unless it changes hostile policy
North Korea said Wednesday the United States will face a nuclear strike unless it changes its hostile policy toward the communist country. The Rodong Sinmun, an organ of the North's ruling Workers' Party, said in a commentary that the U.S. must make the strategic decision to either give up its hostile policy toward North Korea or find itself subject to a nuclear strike."Our patient proposals were completely denied by the United Sates," said the newspaper, adding the North has so far made various
DefenseApril 27, 2016
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U.S. scholar says N.K. may conduct nuke test before May party congress
North Korea could conduct another nuclear test before a key party congress early next month, to show off its "full nuclear weapon status" and bolster its leader Kim Jong-un's legitimacy, a prominent U.S. expert said Wednesday.In an interview with reporters, Victor Cha, senior North Korea analyst at the U.S.-based Center for Strategic and International Studies, also noted the "secondary sanctioning" to punish third-country entities doing business with the North would be the most impactful measure
North KoreaApril 27, 2016
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S-Oil seeks sustainable growth with CSR programs
Saudi Aramco-invested S-Oil, the nation’s third-largest oil refiner, has sought sustainable growth by running a variety of corporate social responsibility programs on a long-term basis. The firm company has run its “sharing” programs with three targets for protection -- environment, heroes and local community -- for the past decade. S-OIL CEO Nasser al-Mahasher awards the 2015 hero firefighters at the auditorium of Yongsan Fire Station in Seoul in December 2015. (S-Oil)The oil refiner said its
IndustryApril 27, 2016
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Barcelona bookstores reinvent themselves to survive
BARCELONA (AFP) -- Faced with falling sales and the rise of ebooks, bookstores in Barcelona, the Spanish-language world’s publishing capital, are remaking themselves as cultural centers that offer concerts, classes and hard to find books to draw customers. “We had to change. Either we reinvented ourselves or it was really impossible to stay open,” said Montserrat Serrano, the lively owner of the Bernat bookstore located just off the Diagonal, one of the main avenues in Spain’s second-largest cit
CultureApril 27, 2016
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LG Display net tumbles but stays in black
LG Display, the display-making unit of LG Group, said Wednesday its net profit plunged 99.8 percent in the first quarter, but managed to stay in the black, beating expectations. Net profits tumbled to 1.1 billion won ($1.02 million) in the first three months of this year, compared to 475.7 billion won a year ago. (Bloomberg)The company managed to maintain a surplus despite analyst estimates of 100.3 billion won in deficit. Operating income fell 94.7 percent to 39.5 billion won from the same peri
TechnologyApril 27, 2016
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Study of body-mind mysteries wins Wellcome Book Prize
LONDON (AP) -- Neurologist Suzanne O’Sullivan won the medically themed Wellcome Book Prize on Monday with “It’s All in Your Head,” an exploration of the mysteries of psychosomatic illness. O’Sullivan beat five other finalists to take the 30,000 pound ($43,000) prize, which aims to bridge the gap between literature and science. The author drew on her experiences working at a London neurology hospital to probe the puzzling cases of patients whose serious symptoms have no obvious physical cause. Jo
BooksApril 27, 2016
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GM seeks to be game changer with all-new Malibu
GM Korea, the Korean unit of General Motors, unveiled its all-new Malibu on Wednesday, with the goal of becoming a game changer in the midsize sedan market. Hyundai and Kia have dominated the sedan market in Korea, but the newly-launched SM6 of Renault Samsung is changing the landscape of the market competition. During the launch at Gocheok Sky Dome, the automaker expressed confidence in overtaking the sedans of three local rivals -- Hyundai’s Sonata, Renault Samsung’s SM6 and Kia Motors’ K5. G
MobilityApril 27, 2016
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[Herald Interview] ‘English-language media is like face of Korea to world’
The first thing Paul Shin, a veteran English-language journalist, asked during an interview in Gwanghwamun, Seoul, Monday was, “What desk do you work at?” “The culture desk did not take up a big part of English-language newspapers back in my day,” he said upon hearing the response. “International audiences were more interested in the authoritarian regime,” said Shin, 76, referring to the period of the Park Chung-hee administration in the 1960s and ’70s. Now, stories on Korean culture, ranging
PeopleApril 27, 2016
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Lotte stablishes new committee on social contribution projects
Lotte Group has established a decision-making unit for its corporate social responsibility projects, officials said Wednesday, in a move seen as an effort to restore public trust following its ugly succession battle last year.The newly established committee will be comprised of seven members, including Lotte Group chairman Shin Dong-bin, former Constitutional Court judge Mok Young-joon and SungKyunKwan University professor Kim Tae-young.Through the committee the group will expand its CSR project
IndustryApril 27, 2016
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IPMA elects ex-presidential aide Cho Won-dong as its Korea chief
The Korean unit of the International Project Management Association elected former senior Cheong Wa Dae economic adviser Cho Won-dong as its first president early this week.The election took place during an inaugural meeting of IPMA Korea at the Bankers’ Club in Myeong-dong, Seoul, on Monday, the association said. IPMA president Reinhard Wagner (second from left) and IPMA Korea president Cho Won-dong (second from right) pose at the local chapter’s inaugural meeting in Seoul on Monday. (IPMA Kore
April 27, 2016
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Hanjin chairman in debt dilemma
Having barely recovered from the infamous “nut rage” incident ignited by his daughter, Hanjin Group chairman Cho Yang-ho is being driven into a corner again by creditors demanding he take full responsibility for the debt-ridden container carrier Hanjin Shipping.Requesting a creditor-led rehabilitation on Monday, the Hanjin Group chairman said he would surrender his managerial rights over the shipping unit. But the chairman did not mention whether he would use his own money to rescue the ailing c
IndustryApril 27, 2016
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[Photo News] LG launches Easy TV
LG NEW ‘EASY’ TV -- LG Electronics on Wednesday launched five new versions of its Easy TV that aims to offer a more convenient viewing experience especially for the elderly. The TV adjusts brightness more quickly and doubles text size compared to other TVs. The company said the TV sells more than 100 units a day. (LG Electronics)
TechnologyApril 27, 2016
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[Photo News] Samsung holds Galaxy S7 photo contest exhibition
GALAXY S7 PHOTO CONTEST – Samsung Electronics holds an exhibition featuring some 100 photos taken with its Galaxy S7 smartphone on Wednesday in Garosu-gil, southern Seoul. The top 10 photos were awarded with prizes. (Samsung Electronics)
TechnologyApril 27, 2016
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Kim Yun-a to release solo album
Modern rock band Jaurim’s vocalist Kim Yun-a will release the solo digital single “Kyrie” on April 29, said the singer’s agency Interpark. Jaurim, which means purple rainforest, had performed in the indie scene until its debut in 1997 with its first single, “Hey Hey Hey,” an original sound track of the movie “Man Holding Flowers.” Singer-songwriter Kim Yun-a of modern rock band Jaurim (Interpark) Kim’s fans have long been awaiting her comeback, as neither the band nor the singer have released a
PerformanceApril 27, 2016