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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Opposition mulls delay of financial investment income tax
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Hezbollah leader Hassan Nasrallah is killed in Beirut strike, Israel's military says
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Immigration policy must go beyond labor supply: experts
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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
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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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U.S. says N.K. miniaturization claims unproven, but it‘s prepared for worst
The United States has not seen North Korea demonstrate its nuclear warhead miniaturization capabilities, but takes threats from Pyongyang seriously and is prepared for the worst, officials said Wednesday.Pentagon officials made the remarks after North Korea released photos of what it claims was a miniaturized nuclear warhead, with leader Kim Jong-un claiming that the country succeeded in making nuclear bombs small enough to fit on ballistic missiles."We are aware of the report out of North Korea
North KoreaMarch 10, 2016
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Woori Bank to invest W2b in national crowdfunding program
Woori Bank said Tuesday it will spend 2 billion won ($1.66 million) in the first national crowdfunding program to support small and medium-sized start-ups and facilitate crowdfunding sentiment in the local market.“K-Crowd Fund” is the first national fund to support the Growth Ladder Fund, a government-funded program linking new start-ups with venture capital and other financial firms. Woori Bank will invest in Magellan Technology Investment, one of the three operators of the 20 billion won K-Cro
March 10, 2016
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North Korea to liquidate South assets in joint projects
North Korea said Thursday it would dispose of all assets left behind by South Korean firms involved in two now-shuttered joint projects, further raising already elevated tensions on the divided Korean peninsula.A North Korean missile fired in May 2015. Yonhap"We will completely liquidate all assets of South Korean firms and related institutions left behind in our region," the Committee for the Peaceful Reunification of Korea said in statement carried by the North's official KCNA news agency.The
North KoreaMarch 10, 2016
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Tycoons, foreigners to bask in dividend windfalls
This is the second installment of a three-part series looking into Korean companies’ dividend payout policies, the reasons behind them and future prospects. – EdLocal business tycoons and foreign investors are basking in cash windfalls as Korean companies, traditionally stingy in returning profits to shareholders, increase dividend payouts this year, data showed Wednesday. The number of “superrich” shareholders who have earned or will earn more than 10 billion won ($8.2 million) in year-end ca
March 9, 2016
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Samsung produces dual pixel image sensor for mobile
Samsung Electronics said Wednesday it has started production of a 1.2 megapixel image sensor for smartphones that applies its own dual pixel technology. The company’s latest smartphone Galaxy S7 and its Edge variant that boast advanced camera functions are the first to adopt the sensor. Dual pixel technology means each of the 12 million pixels have two photodiodes that collect light. The pixels work better like human eyes, improving autofocus speed and allowing clear photos even in low light co
TechnologyMarch 9, 2016
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AlphaGo defeats Go champion in first match
Google’s artificial intelligence program AlphaGo defeated Korean Go champion Lee Se-dol in their historic first showdown Wednesday.In a landmark match held at the Four Seasons Hotel in Seoul, the Google AI beat Lee by resignation in 186 moves after a fierce tug of war for more than 3 1/2 hours. “I was really surprised. I didn’t think I could lose,” Lee said at a press conference after the match. “I didn’t think AlphaGo would play in such a perfect manner. I like to express my respect to the Goog
TechnologyMarch 9, 2016
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Business tycoons face growing calls for responsible management
Board membership of South Korean business tycoons is emerging as a main interest for investors ahead of annual shareholders meetings in March, as responsible leadership is required amid worsening business conditions. Entry to the board of directors involves becoming a registered board member with the obligation to be responsible for management decisions. Some of top management at Korea’s family-controlled conglomerates, dubbed chaebol, however, continue to exercise power over management issues f
Latest NewsMarch 9, 2016
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[Newsmaker] Saenuri’s nomination fight turns ugly
A former presidential aide’s derogatory comment about the ruling party’s leader sent ripples through the political community Wednesday, intensifying factional infighting over the party’s nominations for the April general elections. In a taped telephone conversation leaked to local media on Tuesday, Rep. Yoon Sang-hyun of the Saenuri Party, who had served as a presidential adviser on political affairs in 2015, said that he would “eliminate” his party leader Rep. Kim Moo-sung to block his attemp
NationalMarch 9, 2016
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St. Patrick's Day set to return to Seoul
As the weather warms up, a little early spring greenery is set to grace D-Cube in Sindorim, Seoul.The Irish Association of Korea will be holding its annual St. Patrick’s Day Festival at the center’s outdoor amphitheater on March 19.“It’s a big festival aimed at spreading Irish culture throughout Korea,” said IAK public relations officer Oisin Feeney. Revelers attend the 2015 Irish Association of Korea St. Patrick’s Day Festival. (IAK)“We have a bunch of acts confirmed for the day and they will a
Expat LivingMarch 9, 2016
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‘Dear Korea’ spreads from pixels to paper
Her comics have been a mainstay of the expat webtoon world for years, but now Jen Lee will be putting “Dear Korea” to paper in a new book. The cartoons are gently humorous depictions of life in Korea as an expat. The book will feature the first 50 webtoons from the series, plus various extras, bound up in a landscape format, a la “Garfield.”“It’s very reminiscent. It’s almost a very belated anniversary to how long I’ve been here, how I’ve learned and how I’ve grown and how I’d like to keep going
Expat LivingMarch 9, 2016
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Seoul Global Center to run classes for entrepreneurs
Seoul Global Center is inviting would-be expat entrepreneurs to join its Business Start-up School from March 28.The school is a two-week course of evening classes that run every weekday from 7-9 p.m., covering subjects including investment procedures, creating a business plan, and tax and employment regulations. Besides information gained through the course, those who take it will get 25 points toward a start-up visa, and access to business coaching and advice.Applications are open until March 2
Expat LivingMarch 9, 2016
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Comic show to cut movies down to size
Want to watch half a dozen movies but only have a couple hours to spare? Seoul Players and Stand-up Seoul might be able to help you out.Performers from the two groups will stage a joint show on Friday, with each one attempting to perform a movie in 10 minutes.This can be through a “sweded” presentation, in which the story is retold in much-edited form, but some performers are more off-piste in how they present their film.“Some people do a PowerPoint presentation, some people do a ‘meta’ idea, th
Expat LivingMarch 9, 2016
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Storytelling concert to present Korean, Egyptian, Greek tales
Kim Seung-ah will perform in Seoul to celebrate the ninth anniversary of her debut as an artist storyteller on April 2.Kim performs Korean stories and gives workshops to international audiences about Korean culture and storytelling art, such as “pansori,” a form of lyrical singing. Kim Seung-ahIn concert, titled “The Day Will Come Again,” Kim will perform alongside Korean artists, including master pansori singer Bae Il-dong, Silk Road Ensemble drummer Kim Dong-won, and traditional bamboo flutis
Expat LivingMarch 9, 2016
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HBC music festival invites performers for May
Annual live music festival HBC Fest is inviting performers to take part when it returns to the streets of Haebangchon, Seoul, in May.The free festival, which takes place in small venues in Haebangchon and Gyeongnidan near Itaewon, has been running twice a year for 10 years.Last year, the organizers began running smaller “club nights” with a few venues every month. The May HBC Fest will take place on May 27 and 28 across 20 venues and 60 acts have already been lined up. There are usually around 1
Expat LivingMarch 9, 2016
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Yeoksam center to provide tax advice
Yeoksam Global Village Center will be offering free tax counseling for expats on Tuesday.Tax counselors from Yeoksam District Tax Office will visit the center from 9:30 a.m. to noon to offer advice and information.To book a counseling session, email ygvc0417@gmail.com with your name, nationality, contact number, preferred time and a brief description of your query.For more information and directions to the center, visit global.seoul.go.kr/yeoksam.(paulkerry@heraldcorp.com)
Expat LivingMarch 9, 2016
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North Korean ships play hide and seek
As the international community, including China, sets about sanctioning North Korean vessels in line with a U.N. resolution, North Korea is seen scurrying to counter the movement by deactivating identification devices on its ships and banishing them from the map. China plans to bar North Korean boats currently docked at its harbors from returning to their home ports starting Thursday, Japan’s Sankei Shimbun daily reported Wednesday, citing traders traversing between the two nations. On top of an
North KoreaMarch 9, 2016
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Young naturalized Koreans struggle to fit in
More than 30 percent of foreign-born South Koreans aged 15-24 are not in school and out of work, while for 58.3 percent of them, their parents had divorced before they moved to South Korea, a report released by the Gender Ministry showed Wednesday. “Foreign-born children” refers to young South Koreans who were born and grew up overseas and moved to Korea as minors, including children who were born to non-Korean citizens overseas and moved to Korea after one of their divorced parents -- usually t
Social AffairsMarch 9, 2016
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Hanjin Group to open new hotel in LA
Hanjin Group, parent company of Korean Air, said Wednesday that it will open a 73-floor hotel in downtown Los Angeles later next year, as part of efforts to expand its hotel business overseas.The announcement came during a topping-out ceremony held to celebrate the completion of the concrete frame of Wilshire Grand Hotel in the city. The final piece of steel is hoisted during the topping-out ceremony at The Wilshire Grand Hotel. (Hanjin)The ceremony was attended by Chris Martin, CEO of architect
IndustryMarch 9, 2016
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Air carriers to impose fuel surcharges based on distance
Korean air carriers are set to impose fuel surcharges on international flight services based on distance traveled starting May 1.The Ministry of Land, Infrastructure and Transport said Wednesday that it has approved plans submitted by six air carriers here to shift their current method of calculating fuel surcharge rates based on regions. Currently, air carriers impose fuel surcharges based on regional charts. For instance, passengers traveling to cities in Europe and Africa get the same amount
IndustryMarch 9, 2016
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Prices soar at Seoul’s postnatal care centers
A mother is holding her newborn at a postnatal center in South Korea. (Yonhap)A two-week stay at a Seoul postnatal care center will cost an average of 3 million won ($2,500) for mothers, according to the city on Wednesday. A survey of 159 postpartum care centers in Seoul showed that the most expensive postnatal facility was located in Gangnam-gu, where mothers pay at least 600,000 won per night. The cheapest stay was available in Gangseo-gu, at 100,000 won per night.Postnatal care centers’ popul
Social AffairsMarch 9, 2016