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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[Weekender] How Seongsu, once an industrial zone, has become ‘Seoul’s Brooklyn’
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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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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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Execs of int'l school in Seoul indicted over alleged embezzlement
Prosecutors said Tuesday they have indicted three board members of the Seoul branch of a British international school over allegations they embezzled some billions of won in school expenses in violation of the private school act.The Seoul Central District Prosecutors' Office said the dean of admissions at Dulwich College Seoul, identified only by her surname Lee, is accused of siphoning off some 7.2 billion won ($6 million) of tuition from 2010 to 2015 to redeem loans. The money was borrowed to
Social AffairsMarch 8, 2016
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Denuclearization of Korean Peninsula top priority: U.S.
The United States said Tuesday that denuclearization of the Korean Peninsula is the highest priority in its North Korea policy and pressed the communist country to give up its nuclear programs. The close cooperation on Resolution 2270 adopted by the U.N.Security Council, imposing the strongest sanctions yet on Pyongyang, demonstrated that South Korea and the U.S. are in "firm agreement" on dealing with threats posed by the North, the U.S.Embassy said in a press release.Last week, the U.N. adopte
North KoreaMarch 8, 2016
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Samsung C&T vows to boost profits
Samsung C&T said Tuesday that it aims to boost its revenue by 10 percent to 33 trillion won ($27 billion) this year.Samsung Group’s construction, trade and fashion affiliate revealed the goal in a letter to shareholders by its president and CEO Choi Chi-hun ahead of their meeting on Friday. “In order to repay the trust and unwavering support shareholders provided as we embarked on our new beginning, the management pledges to do everything in its power including the creation of synergy across the
IndustryMarch 8, 2016
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Illegal subway rides rise in Seoul
A passenger tags his metro card at the subway station in Seoul on Tuesday. (Yonhap)For Kim Eun-ji, a 26-year-old woman living in a Seoul suburb, checking if anyone approaches her at subway turnstiles has become a habit. “I’m worried if someone will again ask to bypass the turnstiles together. An old lady once asked if she could walk through the turnstile when I tagged my metro card. It was ridiculous, but it happened so quickly,” Kim said. Despite Seoul City’s efforts to curb illegal subway ride
Social AffairsMarch 8, 2016
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Seoul to freeze trans-Korea project with Russia
South Korea said Tuesday it will pull out from a trilateral trans-Korea logistics project with Russia as it unveiled a new set of standalone sanctions chiefly targeting North Korea's financial and shipping networks. The decision on the Rajin-Khasan logistics project in particular reflects Seoul's toughening line against Pyongyang as it had been the key piece of President Park Geun-hye's much-trumpeted “Eurasia Initiative.” A coal truck is headed to Namyang, North Korea, after departing from the
North KoreaMarch 8, 2016
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LG chairman stresses ‘insight and action’
LG Group chairman Koo Bon-moo stressed “insight and action” for the group’s next big leap at an executive meeting in Seoul on Tuesday. “At a time of technological convergence and fierce competition across industries, we are experiencing destructive changes,” he said. “We should focus on our strengths to further elevate our competitiveness.” Koo Bon-moo. (Illustration By Park Gee-young)LG, the nation’s fourth-largest conglomerate, has continued business restructuring centered on its next growth e
TechnologyMarch 8, 2016
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Female students suffer discriminatory remarks
A few days ago, a poster was pinned up on a bulletin board at Korea University in Seoul, in which a group of female students lambasted their lecturers for discriminatory remarks against women. The poster put up across the campus included testimonies from about 40 female students who had experienced sexist remarks based on their gender. The comments that had allegedly been made by professors described women in general as only looking after their appearance and relying too much on men. Some of the
Social AffairsMarch 8, 2016
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Foreigners diagnosed with TB on sharp rise
The number of foreign patients diagnosed with tuberculosis in Korea has rapidly risen over the past five years, with government vowing to step up prescreening for foreign visitors to stop the disease from spreading here. According to data compiled by Korea Centers for Disease Control and Prevention, the number of foreign patients diagnosed with TB surged nearly threefold from 637 in 2009 to 1,858 in 2014 over the past five years. (Yonhap)As of 2014, 63 percent of the TB patients were men. By ag
Social AffairsMarch 8, 2016
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[Graphic News] Korea tops emerging market household debt list
Korea has one of the highest levels of household debt relative to gross domestic product among advanced and newly emerging economies, a report showed Tuesday. According to a quarterly report by the Bank for International Settlements, Korea had the eighth-highest household debt-to-GDP ratio among 41 rich and emerging countries.Out of the 17 emerging countries in the list, Korea came top for the 13th consecutive year, with 87.2 percent, followed by Thailand with 70.8 percent and Malaysia with 70.
March 8, 2016
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Ssangyong spurs sales of compact SUVs with Tivoli Air
Ssangyong Motor CEO Choi Johng-sik (second from right) poses with models at a launch event for the Tivoli Air, the long-body version of the firm’s compact Tivoli SUV, in Seoul on Tuesday. Ssangyong MotorSsangyong Motor, the Korean unit of India’s Mahindra & Mahindra, launched the diesel-fueled long-body version of its best-selling compact Tivoli crossover Tuesday, targeting the growing compact SUV market. “The Tivoli Air, which evolved from the luxurious and stylish brand of the original crosso
Latest NewsMarch 8, 2016
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U.N. panel finds sex slave deal wanting
The women’s rights committee in the U.N. released a report Monday which stated that Seoul-Tokyo’s Dec. 28 agreement on comfort women had failed to adopt a “victim-centered” approach, reigniting a feud here over the controversial deal on Japan’s sexual slavery of Korean women during World War II. The U.N. Committee on the Elimination of Discrimination against Women pointed out what it viewed as insufficient in a concluding observation on the women’s rights issue in Japan. In the report, the commi
Foreign AffairsMarch 8, 2016
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Single moms denied parental allowance in South Korea
Han Min-ji (not her real name), a single mother in her late 30s, gave birth to her fourth child in January. She had three children from her previous marriage and had broken up with the newborn’s father, several months before the delivery. Still, she did not think that her single parenthood would prevent her from receiving the government allowance, which is given to all new parents as part of the efforts to tackle the nation’s low birthrate. When she visited the city hall in Namyangju, Gyeonggi
Social AffairsMarch 8, 2016
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Son of China’s richest man eyes K-pop
The only son of China’s richest man appears to be helping K-pop bands increase their presence in China. “Wang Sicong, the founder of Banana Project, has been in discussion for investments since he signed a contact with two girl groups T-ara and EXID last year,’’ a music industry insider, who wished to be identified only by his last name Cho, told The Korea Herald. Wang Sicong attends the charity event at a branch of his family’s cinema chain. China Daily Banana Project, a new Chinese show busi
IndustryMarch 8, 2016
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Korean banks, asset managers rush to enter Vietnamese market
From commercial banks to wealth management firms, Korean financial institutions are seeking to bolster their presence in the fast-growing Vietnam market to drive growth as the industry slows at home. Korean lenders are rushing to expand their footing in the country as its economy has remained robust --with a growth rate of 6.68 percent in 2015 -- while their net interest margin tumbled largely due to the continued low key interest rate. Shinhan Bank Vietnam, a subsidiary of Shinhan Bank, is set
March 8, 2016
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[Newsmaker]Ugly succession battle taints Lotte founder’s legacy
Lotte Group founder Shin Kyuk-ho often used to say he dreamt of building a landmark skyscraper that represented the country’s dramatic economic achievement and cultural prosperity -- his vision behind the construction of the tallest building in Korea. However, according to industry insiders, the 123-story Lotte World Tower was actually built to glorify his own success story -- a self-made man who turned himself into a tycoon of a 90-trillion-won ($74.5 billion) business empire.Putting his legacy
IndustryMarch 8, 2016
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Corporate Korea ups dividends
This is the first installment of a three-part series looking into Korean companies’ dividend payout policies, the reasons behind them and future prospects. -- Ed.Corporate Korea, infamous for being stingy in returning profits to shareholders, is warming to investors with a sizable dividend boost this year, as its obsession with growth fades and a new law discouraging cash hoardings is being enforced. Year-end cash dividends are up 28 percent so far this year, pushing the total to a new record of
March 8, 2016
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[Kim Seong-Kon] Where is our defiant spirit of the unvanquished?
These days some of our newspaper articles and columns diagnose that we have failed in three critical areas: national defense, diplomacy, and education.Others maintain that we have also not succeeded in boosting the economy, creating enough jobs, and checking the influence of labor unions. They also lament the chauvinism and child abuse that is still rampant in our society. If these critiques are valid, South Korea is in crisis.The newspaper columns argue that our national defense strategy has fa
ViewpointsMarch 8, 2016
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'Descendants of the Sun' racks up 200 mln views in China
South Korean drama "Descendants of the Sun" has collected more than 200 million views on iQiyi, the Chinese streaming website said Tuesday.The first four episodes have garnered a combined 280 million views as of Tuesday, the website, which holds the distributing rights in China, said.Earlier, Chinese media reported that the first two episodes alone had 400 million views combined. Production company NEW, however, says that the figure includes views of preview and highlight videos.The series starr
TelevisionMarch 8, 2016
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Seoul unveils own anti-Pyongyang sanctions
South Korea unveiled a slew of its own punitive measures against Pyongyang Tuesday, including blacklisting scores of North Koreans and entities suspected to be linked the North's weapons of mass destruction.The set of measures is a follow-up to newly-imposed United Nations Security Council sanctions in response to Pyongyang's nuclear test in January and long-range rocket launch last month, the Prime Minister's Office said."The government will cooperate with the international community to change
North KoreaMarch 8, 2016
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[Editorial] Deterring North Korea
North Korea raises tensions – usually by words and sometimes by provocative acts – at this time of the year, when South Korea and the U.S. hold annual joint military exercises. This year, the seasonal tension on the peninsula is being exacerbated by the U.N.-led international sanctions against the North’s recent nuclear test and launch of a rocket. Under the toughest-ever U.N. punishment of the North, the Philippines has already seized a North Korean ship. China, in a departure from its mediocre
EditorialMarch 8, 2016