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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Korean American documentary ‘Free Chol Soo Lee' wins Emmy
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S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
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Immigration policy must go beyond labor supply: experts
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Korea, China, Japan vow to address yellow dust and climate change
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4 in 10 illegal aliens entered S. Korea without visas last year: data
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Hyundai Steel to increase prices in line with rising production costs
Hyundai Steel, a major Korean steelmaking company associated with Hyundai Motor Group, said Thursday that it has decided to raise prices of its major steel materials here starting next month to reflect a recent hike in production costs.The prices for its hot-rolled and cold-rolled steel plates being sold in Korea will be raised by around 30,000 won ($25.14) per ton in phases over a two-month period starting in April, according to the company. Hyundai steel products (Yonhap)Hot-rolled steel is a
IndustryMarch 17, 2016
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[Herald Interview] Defining and redefining Sohn Jie-ae
Sohn Jie-ae, who has spent 30 years in the English-language media, has written a memoir chronicling her journey. Published last month, “Sohn Jie-ae. CNN. Seoul” resembles its writer: It is ambitious and expansive, touching on everything from career advice to journalism, government work, North Korea, feminism and family life. “So many people seem to think to themselves, ‘This is it for me. This is the end of my capacity,’” Sohn told The Korea Herald in an interview in Seoul on Tuesday. “I hope
BooksMarch 17, 2016
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Korea ranks world's 6th most financially advanced market
South Korea ranked as the world's sixth most financially advanced country among 183 countries, a survey showed on Thursday.Korea's financial institutions earned the sixth-highest score of 0.854 in financial advancement, following Switzerland with 0.951, Australia with 0.890, Great Britain at 0.882, the United States' 0.877 and Spain's 0.860, according to the survey conducted by the International Monetary Fund (IMF).The results were based on an analysis of three factors in the subjected countries
March 17, 2016
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Japan reports biggest trade surplus in over 4 years in Feb.
Japan posted its biggest trade surplus in over four years in February, thanks to a strengthening in the yen and weak oil prices, though both imports and exports fell, suggesting persisting slack demand both in Japan and overseas. Preliminary data reported Thursday showed exports fell 4 percent from a year earlier to 5.7 trillion yen ($50.5 billion) in February and imports dropped 14 percent to 5.46 trillion yen ($48.4 billion). The resulting 242.8 billion yen ($2.2 billion) surplus compares with
World BusinessMarch 17, 2016
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Asia stocks, oil rally after Fed lowers rate hike forecasts
Stocks, emerging market currencies and oil all rallied in Asia on Thursday after Federal Reserve chief Janet Yellen lowered her expectations for U.S. interest rate hikes this year.In a statement following the Fed's latest policy meeting, Yellen cited concerns about the impact on the U.S. economy of recent turmoil in global markets, weakness in China and Europe, and the plunge in crude prices.Her comments came after the central bank cut its outlook for U.S. growth for this year and painted a pict
World BusinessMarch 17, 2016
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Fed now foresees fewer interest rate increases during 2016
WASHINGTON (AP) _ The Federal Reserve is keeping a key interest rate unchanged in light of global pressures that risk slowing the U.S. economy. As a result, Fed officials expect to raise rates more gradually this year than they had envisioned in December. The officials now foresee two, rather than four, modest increases in their benchmark short-term rate during 2016. The Fed said Wednesday that the economy has continued to grow moderately but that the global economy and financial markets still
March 17, 2016
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Navy conducts harbor protection drill at Donghae port
The South Korean Navy's 1st Fleet conducted a combined military exercise with the Army and related authorities to enhance the protection capabilities of Donghae port on the country's east coast.The exercise that took place late Wednesday focused on how to protect the fleet's main naval base, located some 280 kilometers east of Seoul, as well as civilian port facilities. The simulation drill was held as part of the ongoing annual South Korea-U.S. joint military exercise Key Resolve, which kicked
DefenseMarch 17, 2016
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South Korea welcomes new U.S. sanctions on North Korea
South Korea on Thursday welcomed fresh U.S. sanctions on North Korea, saying they are expected to "contribute greatly" to international pressure on North Korea to abandon its nuclear weapons program."The government welcomes the U.S. government's announcement Thursday of a new executive order for the implementation of U.N. Security Council Resolution 2270 and the U.S. sanctions bill on North Korea," Seoul's Foreign Ministry said in a statement. "The executive order demonstrates the U.S.'s strong
North KoreaMarch 17, 2016
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North Korea warns of preemptive attack against South Korea
North Korea said Wednesday its military will launch a preemptive attack if it sees any signs that the South Korean and U.S. troops involved in annual joint military drills are attempting to invade the North.The warning, which came in a special statement from the North Korean government, political parties and organizations, is the latest in the North's threats of preemptive attack over the drills.South Korea and the United States kicked off the annual Key Resolve and Foal Eagle exercises for a we
North KoreaMarch 17, 2016
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Pohang fall to Sydney at AFC Champions League
The Pohang Steelers picked up their first loss at the Asian Football Confederation Champions League Wednesday after falling 1-0 to Australian club Sydney FC at home.At Pohang Steel Yard in Pohang, a port city 360 kilometers southeast of Seoul, the hosts failed to overcome Sydney midfielder Chris Naumoff's goal in the first half and surrendered the top spot in their group to the Australian club. Sydney, the runner-up in the Australian A-League last season, now have two wins and one loss in Group
SoccerMarch 17, 2016
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FC Seoul crushes Shandong to stay undefeated in AFC Champions League
Brazilian striker Carlos Adriano's double led FC Seoul to beat China's Shandong Luneng 4-1 Wednesday as the South Korean club stays undefeated in the Asian Football Confederation Champions League. At Jinan Olympic Sports Centre in Jinan, China, Seoul collected their third straight victory at the AFC Champions League, thanks to a double from their Brazilian striker Adriano. The victory secures Seoul's top rank in Group F.Seoul, the reigning champion of the Korean Football Association Cup, have be
SoccerMarch 17, 2016
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Sales of Han Kang's novel soar after Man Booker nomination
Sales of "The Vegetarian," a novel by South Korean author Han Kang, have soared since it was nominated for the 2016 Man Booker International Prize, an online bookseller said Wednesday.According to the Internet-based bookstore Aladin, the book was sold 12 times more from Thursday to Tuesday compared to a month ago. The prize's organizer announced on its website on Thursday that Han's "Vegetarian," translated by Deborah Smith, was among the 13 books contending for the 2016 prize. She has become th
BooksMarch 17, 2016
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2016 Paris book fair opens with Korea as guest of honor
PARIS (Yonhap) -- An international book fair kicked off in Paris on Wednesday, highlighting Korean books and authors. Launched in 1981, the Paris Book Fair is considered one of the biggest publishing trade fairs in Europe. More than 250,000 publishers, booksellers, authors, literary agents, librarians, and media and industry suppliers attended the fair last year. Korea is taking part in the event as the guest of honor for the first time as it celebrates the 130th anniversary of diplomatic ties
BooksMarch 17, 2016
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Madonna angers Australian fans with 2-hour concert delay
BRISBANE, Australia (AP) -- Madonna has angered fans by starting a concert in the Australian city of Brisbane more than two hours late and finishing the show early Thursday morning after the last train had left the venue. The pop star had been due to start at 9 p.m. local time but did not take the stage at the Brisbane Entertainment Center until 11:22 p.m. Hundreds of angry fans had left the venue by then and demanded refunds at the ticket office after a public announcement that the "Rebel Hear
PerformanceMarch 17, 2016
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[Consumer This Week] The Face Shop x Kakao, Homeplus, McDonalds, Fila, CU, Lotte Foods, CJ Foodville
The Face Shop, Kakao launch collaborative cosmeticsSouth Korean cosmetics brand The Face Shop and Korean mobile messenger KakaoTalk have launched a new collaborative makeup collection.The new collection includes the brand’s sunscreen, sheet mask packs, perfume, hand cream and lip products that feature Kakao’s six flagship characters Muzi, Apeach, Neo, Frodo, Tube and Jay-G.“We launched the new collection with aims to add a pinch of fun to people’s daily makeup routines,” said an official from Th
IndustryMarch 17, 2016
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Jung Woo-sung duped into financial scam
Actor Jung Woo-sung was talked into an investment fraud by a television scriptwriter, local media reported on Wednesday. The 46-year-old scriptwriter, surnamed Park, was arrested Wednesday on charges of fraud, after a group of investors filed a lawsuit against the writer, according to the Seoul Central District Prosecutors’ Office. The writer is accused of having defrauded 2.3 billion won ($1.96 million) from acquaintances, claiming the money would be invested in a private equity fund used by m
March 17, 2016
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Sam Kim debuts two years after ‘K-pop Star’
Korean-American musician Sam Kim will release the first part of his debut album “My Name is SAM” on March 28, the singer’s agency Antenna Music announced Wednesday. Kim was the runner-up in the third season of the SBS music competition program “K-pop Star.” In 2014, Kim signed with Antenna Music, which is run by Yoo Hee-yeol, one of the judges of the television program. Kim, a self-taught singer and songwriter, will present his debut album, which is written entirely by himself. Singer-songwri
PerformanceMarch 17, 2016
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Hyundai Motor cuts KAI stake by half in block trades
Hyundai Motor Co., Korea’s No. 1 carmaker, raised 342 billion won ($289.9 million) by selling 5 percent of Korea Aerospace Industries in after-hours block trades on Wednesday, the company said in a filing Thursday.The sale of 4.87 million shares at 70,200 won apiece takes Hyundai Motor’s stake in Korea’s sole aircraft maker to 5 percent from the previous 10 percent. The auto firm is now KAI’s fourth-largest shareholder, after the state-run Korea Development Bank, which as of March 16 held a 26.8
March 17, 2016
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Hyundai Motor steps up investments in AI drive
The artificial intelligence craze generated by the Go match between Korean champion Lee Se-dol and Google’s AI software AlphaGo has spread to the automobile industry. Competition is heating up, with not only global automakers but also tech giants like Google and Apple rushing to gain the upper hand in commercializing self-driving cars.Hyundai tests its self-driving car, based on the Genesis sedan, in November 2015. (Yonhap)Hyundai Motor, the world’s fifth automaker in terms of production, is no
MobilityMarch 17, 2016
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[Photo News] SKT releases standalone smartwatch
SKT RELEASES STANDALONE SMARTWATCH -- Mobile carrier SK Telecom released a budget standalone smartwatch, dubbed Luna Watch, featuring 1 gigabyte of RAM, a 1.6-inch (4-centimeter) display and a 350mAh battery in Seoul on Thursday. The smartwatch, priced at 198,000 won ($169), is the latest product of the firm’s Luna brand, which includes budget smartphones. (SKT)
TechnologyMarch 17, 2016