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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Opposition mulls delay of financial investment income tax
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Immigration policy must go beyond labor supply: experts
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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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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Orioles' Kim Hyun-soo hits safely in 3rd consecutive game
After going hitless in his first seven spring training games, Kim Hyun-soo of the Baltimore Orioles has now hit safely in three straight games.The South Korean, batting sixth and playing left field, went 1-for-2 with an RBI against the Minnesota Twins at CenturyLink Sports Complex in Fort Myers, Florida, on Sunday.He drove in the Orioles' third run of the first inning with a sacrifice fly off Minnesota starter Ricky Nolasco.After grounding out to second in the third, Kim hit a two-out single in
BaseballMarch 14, 2016
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Iran may still rely on N. Korea for missile materials
Iran advanced its missile development with the help of North Korea, and the Middle Eastern nation may still rely on the communist nation for materials necessary for producing its ballistic missiles, a congressional report has said.The Congressional Research Service raised the suspicion in a recent report, noting that the intelligence community assessed until the latter 2000s that North Korean cooperation with Iran's ballistic missile program was ongoing and significant."Iran has likely exceeded
North KoreaMarch 14, 2016
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Senate bill calls for greater efforts to unite Korean-Americans with long-lost relatives in N. Korea
Two U.S. senators have introduced a bill directing the State Department to prioritize efforts to help realize family reunions between Korean-Americans and their long-lost relatives in North Korea.Sens. Mark Kirk and Mark Warner brought the Divided Families Reunification Act to the Senate on Wednesday, with Sen. Cory Gardner co-sponsoring the legislation, according to congressional records and the office of Kirk.The bill directs the State Department to prioritize discussions with members of the K
North KoreaMarch 14, 2016
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Magnitude 3.1 earthquake strikes N. Korea
A 3.1-magnitude earthquake struck North Korea early Monday, South Korea's state weather agency said.The quake was detected at 5:17 a.m. Monday in an area some 21km east of Songlim, North Hwanghae Province, which lies just north of the border. An official with the Korea Meteorological Administration said no major damage is expected.The quake is not believed to be the result of a nuclear test as the affected area is away from the North's Punggye-ri underground nuclear test site in the country's no
North KoreaMarch 14, 2016
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Hana to turn excess bank offices into rental houses
KEB Hana Bank will turn some of its branch offices into rental houses, its parent Hana Financial Group said Sunday.Eight branches, two in Seoul’s central Jongro and Yongsan districts, will be converted into New Stay rental homes for some 3,000 families this year. Eleven more will be added next year, it said. Hana Financial chairman Kim Jeong-tae (right) poses with Minister of Land, Infrastructure and Transport after agreeing to provide its unused branches for the ministry‘s New Stay rental prog
March 14, 2016
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Lotte Shopping bidding for Vietnam supermarket
Lotte Shopping is exploring the takeover of a discount store chain in Vietnam, seeking a foray into one of the few high-growth markets amid global economic woes. “We’re exploring the acquisition of the Big C retail chain in Vietnam and have participated in a preliminary bid on March 10,” the Seoul-based firm said in a regulatory filing Friday. Owned by French retailer Casino Group, Big C runs 32 outlets across the country. Thailand’s TCC Holding and Central Group are among the suitors who submit
March 14, 2016
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Malaysia welcomes investment in medical devices
Malaysia is aiming to become a regional leader in health care as it pushes its industrial economy toward a knowledge-based one. Under the 11th Malaysia Plan for national development (2016-20), the medical device industry was identified as key to rapid growth alongside the aerospace, chemical, electronics and machinery sectors. Due to its strong links to manufacturing and capacities to deliver high-value-added goods, the industry is poised to lead Malaysia’s economy, which has grown at around 5 p
Foreign AffairsMarch 14, 2016
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Indonesia streamlines investment process
The Indonesian Embassy held a seminar in early March to woo Korean investments into the country’s burgeoning economy, which has seen sweeping reforms in recent months.Under the administration of President Joko “Jokowi” Widodo, Indonesia has undertaken a series of stimulus measures, aimed at boosting industrial competitiveness through deregulation, facilitating infrastructure projects and strengthening law enforcement.The government recently overhauled its “negative investment list” -- a catalog
Foreign AffairsMarch 14, 2016
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Germanwings crash: French urge new health reporting rules
French air accident investigators recommended Sunday that world aviation bodies draw up new rules requiring medical workers to warn authorities when a pilot's mental health could threaten public safety, after 150 people died when a Germanwings co-pilot deliberately crashed a jet into the French Alps last year.Co-pilot Andreas Lubitz had been treated for depression in the past, and the investigation found that he had consulted dozens of doctors in the weeks before the crash on March 24, 2015. But
World NewsMarch 13, 2016
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Ethiopia, Korea cooperate on forestry
A delegation of Ethiopian environment officials came to Korea in early March to share knowledge and experience in forest management and sustainable development. Shiferaw Teklemariam, Ethiopian minister of environment, forest and climate change, told The Korea Herald that his team was interested in Korea’s policies, institutions and governance, and how they were practically implemented.Amid Ethiopia’s push to become an industrializing nation, forestry is one of the four pillars of development und
Foreign AffairsMarch 13, 2016
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Drastic deregulation needed to boost FDI in Korea
Foreign direct investment in Korea reached a record annual high of $20.91 billion last year on the reporting basis, according to recent data from the Ministry of Trade, Industry and Energy. In the period between 2013 and 2015, the amount stood at $54.4 billion.But the record may well be seen as similar to the level in the late 1990s when the country began strengthening efforts to attract more investment from abroad while going through a foreign exchange crisis.The FDI here in 2013-2015 was up so
March 13, 2016
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Real wage grew faster than economy due to low inflation
Real-wage growth surpassed economic growth in Korea last year mainly due to a record-low inflation rate, government data showed Sunday.According to the finance and labor ministries, the inflation-adjusted monthly salary at workplaces with five or more regular employees grew 2.7 percent on-year to an average of 3 million won ($2,510) in 2015. It was the first time since 2012 that real wages -- adjusted to reflect purchasing power -- grew faster than the economy itself. Korea’s gross domestic prod
March 13, 2016
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[Graphic News] Not forgetting sex slavery victims
U.N. Secretary-General Ban Ki-moon on Friday in New York met with an elderly South Korean victim of Japan’s wartime sexual slavery. It was the first such meeting since Ban took the post in 2006.Ban met with 89-year-old Kil Won-ok at the U.N. headquarters, saying he respects her efforts to raise awareness of the wartime crime to make sure there will be no recurrence.The meeting came amid persistent protest over the landmark agreement in December between South Korea and Japan on resolving the sexu
Foreign AffairsMarch 13, 2016
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[Newsmaker] Lee Se-dol proves human intuition still powerful in Go
Korean Go master Lee Se-dol has proved human intuition can still surpass the ever-evolving artificial intelligence technology, with his first victory against Google’s AI program AlphaGo. “This single win is so valuable and I would never exchange this with anything in the world,” Lee said after the victory on Sunday in Seoul. Demis Hassabis, CEO of DeepMind, the AlphaGo developer, also offered his respect to Lee’s victory. He said, “We are very happy about Lee’s victory. This is why we came here
TechnologyMarch 13, 2016
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Parties seek to win over senior voters
The focus of the election battle has shifted to the welfare scheme for senior citizens as rival parties stepped up their appeal to older voters in the final month before the April general elections. The ruling Saenuri Party and main opposition The Minjoo Party of Korea have rolled out series of election manifestos targeting voters over 60 years old -- a group projected to emerge as the most influential electorate due to its high demographic volume and turnout rate. According to statistics fro
PoliticsMarch 13, 2016
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Lee Se-dol wins first victory against AlphaGo
After three straight defeats, Korean Go master Lee Se-dol finally won a victory against Google’s artificial intelligence AlphaGo in their fourth match on Sunday. Lee’s victory comes after he lost three straight games to the Google AI in their historic five-game match that started Wednesday in Seoul.“This single win is so valuable and I would never exchange this with anything in the world,” Lee said at a press conference right after the victory. Amid a close game, Lee attacked AlphaGo’s territory
TechnologyMarch 13, 2016
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Kumho Asiana holds speech contest in Japan
Kumho Asiana Group held a speech contest in Tokyo on Saturday to bridge cultural differences between Japan and Korea, officials said Sunday. Nearly 600 students participated in the annual event, demonstrating growing interest in Korean language and culture among the young generation. Two finalists stage a short play at the ninth Kumho Asiana speech contest held at the Korean Cultural Center in Tokyo on Saturday. (Kumho Asiana)Held at the Korean Cultural Center in Tokyo, students competed in thr
IndustryMarch 13, 2016
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Korean men turn to cheaper presents on White Day
Male consumers appear to be cutting back on their spending on White Day gifts this year, purchasing cheap candies instead, amid the prolonged economic downturn, according to an online market operator on Sunday.(Yonhap)Gmarket said based on its data analysis that sales of expensive gift items such as handbags and perfumes, fell 13 percent and 7 percent respectively, compared to the same period last year. The volume of jelly and candies purchased by male customers, however, surged 47 percent and 1
IndustryMarch 13, 2016
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[Photo News] Debut of EQ900 limousine
DEBUT OF EQ900 LIMOUSINE -- Hyundai Motor unveiled the limousine version of the EQ900 on March 9 in Seoul. Its body is 290 millimeters longer than the flagship sedan of the Genesis. EQ900. The price tag of the EQ900 limousine, which boasts more premium features, starts from 150 million won ($125,000). (Hyundai Motor)(EQ900)
MobilityMarch 13, 2016
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CJ chairman’s half-brother files inheritance suit
The ill-fated son of the late honorary chairman of food and entertainment giant CJ group -- born out of wedlock -- has filed an inheritance suit against the owner family, asking a local court to return part of his father’s fortune.According to sources in legal circles, the illegitimate son -- of late CJ chairman Lee Maeng-hee and an actress in the `60s -- had requested to retrieve a legal portion of his inheritance worth 200 million won ($167,000) late last year. The first trial of the inheritan
IndustryMarch 13, 2016