Most Popular
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Thousands rally in Seoul to call for Yoon's resignation
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Suicide attempts spike among youth in Korea
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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FM champions multilateralism, stresses S. Korea's vision as 'global pivotal state'
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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Delta Air Lines to launch new Incheon-Salt Lake City route in June next year
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Korea, China, Japan vow to address yellow dust and climate change
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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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Seoul journalists urged to use caution at China-Pyongyang border
South Korea urged its journalists Tuesday to exercise special caution when reporting near the Chinese border with North Korea amid heightened tensions following the North's nuclear and missile tests, a diplomatic source said.The government sent a letter to local news organizations, urging reporters in the area to pay special attention to their safety and follow Chinese laws, the source said on condition of anonymity.The warning comes after South Korea received intelligence of a possible North Ko
North KoreaMarch 29, 2016
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U.N. sanctions to halve N. Korean exports
The latest wave of U.N. sanctions on North Korea following its banned weapons tests may nearly halve the impoverished state's mineral exports, clouding its economy heavily dependent on China, a report showed Tuesday. The U.N. Security Council imposed a raft of tougher sanctions on Pyongyang earlier this month to punish it for the Jan. 6 nuclear test and Feb. 7 launch of a long-range rocket, both of which violated previous U.N. resolutions.The sanctions, agreed upon by Washington and Beijing, inc
North KoreaMarch 29, 2016
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Kanye goes Gospel with Easter prayer track
NEW YORK (AFP) -- Rap superstar Kanye West is showing his religious side by releasing a prayer in the form of a Gospel track to celebrate Easter. Entitled “Ultralight Prayer,” the Easter song consists of inspirational spoken word by leading Gospel artist Kirk Franklin set to snippets of a church choir, with only passing resemblance to mainstream hip-hop. “Father, this prayer is for everyone that feels they’re not good enough,” Franklin says, building up to a rousing, “That’s why we need a littl
PerformanceMarch 29, 2016
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Pyongyang uses nuclear development as deterrence
North Korea's push to develop nuclear arms is part of its struggle to establish deterrence against the United States rather than a scheme to launch a preemptive strike on the continental U.S., a prominent American expert said Monday.David Albright, head of the U.S-based non-governmental Institute for Science and International Security, said that the communist regime has been utilizing the process of developing atomic bombs to ensure its deterrence.He made the remarks during his speech on the sta
North KoreaMarch 29, 2016
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Top class hotels draw in non-lodging customers with niche services
Top-class hotels are offering niche services to find not just overnight lodgers but clients who swing by during the day, industry watchers said Tuesday.The Four Seasons Hotel, sitting at the center of downtown Seoul, opened a nail bar in October, the first at a luxury hotel. With the prime location, the service targets office workers who can drop by during lunch hours or after work. Customers can have sandwiches delivered while at the nail bar or order to go, and they can request songs as well.(
IndustryMarch 29, 2016
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Seoul recoups less than 70% of public funds
Korea has recovered less than 70 percent of the public funds spent since the 1997 Asian financial crisis to bail out ailing firms, government data showed Tuesday.From November 1997 to December 2015, the government extended a total of 168.7 trillion won ($145 billion) in public funds to financially troubled companies hit by the 1997 and the 2008 financial crises, the Financial Services Commission said in a statement. Financial Supervisory Service headquarters in Seoul (Yonhap)As of Dec. 31, the
March 29, 2016
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Consumer sentiment rebounds in March
Korean consumers’ sentiment improved in March, ending a three-month spell of deterioration, central bank data showed Tuesday. The Bank of Korea’s composite consumer sentiment index ticked up to 100 for March, from February’s 98, which was the lowest level in eight months. The index had moved from 105 in November to 102 in December and 100 in January. Bank of Korea (Yonhap)A reading above 100 means optimists outnumber pessimists, while a reading below the benchmark means the opposite.“The stabil
March 29, 2016
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Complaint filed against Benz Korea for wrong car specification
The Korean transport ministry said Tuesday that it has filed a complaint against Mercedes-Benz Korea for selling cars with wrong specifications.The local unit of the German car brand sold 98 units of the S350d series sedan with a nine-speed automatic transmission since Jan, 27, 2016, but the vehicles were labeled as having a seven-speed transmission, according to the Ministry of Land, Infrastructure and Transport.The company sold upgraded models of S350d sedans in January but missed reporting th
MobilityMarch 29, 2016
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Card-based spending jumped 8.8% in 2015
Korean credit and debit card spending jumped 8.8 percent last year from a year earlier as consumers increasingly favor using cards both for small-sized daily settlements and big tax payments, government data showed Tuesday.The card-based expenditure reached 667.1 trillion won ($572 million) in 2015, up from 613.2 trillion won the previous year. A 16 percent increase in debit, or check, card spending outweighed a 7.1 percent rise in credit card spending last year, the Financial Supervisory Servic
MobilityMarch 29, 2016
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N. Korea increases drone sorties along western border
North Korea's military has sharply increased drone sorties along the western part of its border with South Korea, a government official said Tuesday."Drone activity has increased sharply around the western part of the frontline as of late," the official said, asking not to be identified. "There is a brisk pace of take-off and landing exercises involving various types of small and bigger-than-medium-size unmanned aerial vehicles," the official noted. Roughly seven or eight drone missions are bein
North KoreaMarch 29, 2016
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Korea to cut discretionary spending by 10% in 2017
South Korea has decided to cut the discretionary spending of government agencies by 10 percent next year in a bid to focus its fiscal policy on job creation, the finance ministry said Tuesday.The 2017 budget guidelines, which passed the Cabinet on Tuesday, call for a thorough examination of spending earmarked for public works projects and welfare outlays.Out of the nearly 380 trillion won ($326.2 billion) of the state budget last year, some 53 percent, or 200 trillion won, is discretionary spend
March 29, 2016
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Korean stocks open higher on foreign buying
Korean shares opened higher Tuesday after lackluster U.S. economic data lowered expectations of a near-term interest rate raise by the Federal Reserve.The benchmark Korea Composite Stock Price Index (KOSPI) added 6.07 points, or 0.31 percent, to 1,988.61 in the first 15 minutes of trading. Foreigners turned to net buyers following weaker-than-expected March jobs report from the U.S., while keeping an eye on a speech from Fed Chair Janet Yellen scheduled later in the day Securities and banks led
March 29, 2016
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Eugene, Pine Tree form coalition for Tong Yang control
The takeover battle for Tong Yang Inc. took a dramatic turn Monday with its two largest stakeholders and former rivals for control of the building materials maker deciding to form a coalition against the current management ahead of a crucial shareholders meeting.Eugene Corp., the country’s top ready-mix concrete-maker, and Pine Tree Investment & Management, an asset management company specializing in nonperforming loans, agreed to wield their voting power though a combined 20.04 percent stake in
March 29, 2016
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Pyongyang kicks off preparations for May party congress
North Korea has begun preparations for the ruling party's congress slated for May, picking candidates for provincial delegates, a source said Tuesday.The Workers' Party of Korea plans to hold its first party congress in 36 years in May, where North Korean leader Kim Jong-un will likely unveil new lines of policies. Seoul's spy agency said that the event is expected to be held on May 7.A source familiar with North Korean affairs said the country started the process to select candidates for delega
North KoreaMarch 29, 2016
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Despite subpar spring, infielder predicts postseason for Lotte Giants
The Lotte Giants may have finished with the worst preseason record in the Korea Baseball Organization last weekend, but as third baseman Hwang Jae-gyun tells it, spring ball can be thrown out the window.The Giants went 3-11-3 to finish 10th in preseason, but in Hwang's words, "A preseason is just that, a preseason.""We all have completely different mindsets going into the regular season," Hwang said Monday during the annual KBO media day, held four days before the start of the new season. "Be it
BaseballMarch 29, 2016
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Park to hold summit talks with U.S., Chinese, Japanese leaders
South Korea's President Park Geun-hye will meet with the leaders of the United States, Japan and China later this week in Washington to coordinate how to deal with North Korea over its nuclear weapons program, Cheong Wa Dae said Tuesday.The back-to-back summits come after the U.N. Security Council slapped tougher sanctions on North Korea for carrying out its fourth nuclear test on Jan. 6 and a long-range rocket launch on Feb. 7.Tensions have also spiked on the Korean Peninsula as North Korea has
DefenseMarch 29, 2016
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Korea‘s air passenger traffic jumps 15.3% in Feb.
South Korea's air passenger traffic jumped 15.3 percent in February from a year earlier on an increase in domestic and international travelers amid reduced fuel costs, government data showed Tuesday.The number of people entering and leaving the country by plane reached 8.13 million last month, up from 7.05 million tallied a year ago, according to the data from the Ministry of Land, Infrastructure and Transport.Outbound travelers rose 15.7 percent on-year to 5.85 million, with inbound air passeng
Social AffairsMarch 29, 2016
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[Foreigners Who Loved Korea 14] Hu Zongnan, the “little giant” who helped Korea’s fight
In Korea’s turbulent path toward independence and nation building, there were foreign nationals who stood steadfastly by the Korean people, although their contributions have been largely overshadowed by those of Korean patriots. The Korea Herald, in partnership with the Independence Hall of Korea, is publishing a series of articles shedding light on these foreigners, their life and legacies here. This is the 14th installment. -- Ed.Hu Zongnan was born on May 12, 1896 to a poor household in Zhenh
CultureMarch 28, 2016
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[Newsmaker] Lydia Ko takes 11th LPGA Tour title
Lydia Ko won the Kia Classic on Sunday at Aviara, reaffirming her position as the top player in the world heading into the first major championship of the season.Ko birdied the final three holes for her third straight 5-under 67 and a four-stroke victory over second-ranked Park In-bee.“I just kind of peeked at the leaderboard and saw In-bee was making a lot of birdies -- In-bee doing her In-bee things,” Ko said. “I knew that I needed to focus up until the last moment and fortunately I made some
More SportsMarch 28, 2016
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9 in 10 immigrant investors are Chinese
About 9 out of 10 foreigners who obtained residency visas in South Korea through the immigrant investor program were from China, the government said Monday. The Justice Ministry said that 123, or 88.5 percent, of the 139 investments were made by Chinese citizens, followed by three from Hong Kong and Iran, respectively. (Yonahp)Amid the need for capital to boost the economy, the government has granted residency to foreign nationals in return for investment in public development projects since May
Social AffairsMarch 28, 2016