Most Popular
-
1
Opposition mulls delay of financial investment income tax
-
2
Immigration policy must go beyond labor supply: experts
-
3
‘Korea crossed the line too far’ disgraced singer’s lawyer cries foul after 3rd visa denial
-
4
Nasrallah's killing reveals depth of Israel's Hezbollah penetration
-
5
S. Korea to showcase Hyunmoo-5 ballistic missile on Armed Forces Day ceremony for 1st time
-
6
Park Zi-a, the actor who played 'The Glory' heroine's mother, dies
-
7
Korean American documentary ‘Free Chol Soo Lee' wins Emmy
-
8
KMA chief under pressure after surveyed doctors refuse to back him
-
9
Meditation brings calm to Gwanghwamun
-
10
KT and Microsoft to develop AI models for Korea
-
Foreigners earned 5.7tril. won of dividend payments in 2015
Foreign investors are estimated to have earned 5.7 trillion won ($4.63 billion) in dividend payments from their shareholdings in South Korea last year, data showed Tuesday.According to data compiled by industry tracker FnGuide, 710 companies from the country‘s main bourse and tech-heavy KOSDAQ closing their books in December handed out 36.4 percent of combined dividends to overseas investors. Share prices are displayed on the Korea Exchange in Seoul. (Yonhap)Foreigners accounted for almost 40 pe
March 2, 2016
-
U.N. passes toughest sanctions against North Korea
The U.N. Security Council adopted a new resolution encompassing strong sanctions against North Korea at midnight on Wednesday, Korean time, following a unanimous vote from the 15 members of the council.Under the Resolution 2270, the communist country will face what U.S. Ambassador to the U.N. Samantha Power described as “the strongest U.N. sanctions in 20 years.” Last Thursday, the U.S. revealed the draft resolution encompassing sanctions intended as punitive actions against North Korea’s Jan. 6
North KoreaMarch 2, 2016
-
Hyundai Motor unveils Ioniq line-up at Geneva Motor Show
HYUNDAI IONIQ LINEUP-- Hyundai Motor displays the full lineup of Ioniq, its dedicated electric vehicle brand, including hybrid, pure EV and plug-in hybrid models, at the media preview event for the 2016 Geneva International Auto Show in Switzerland on Tuesday. Hyundai unveiled Ioniq EV and PHEV at the show in a world premiere. (Hyundai Motor)
BusinessMarch 2, 2016
-
[Super Rich] New breed of CEOs sharing wealth
The number of company founders and CEOs who share their wealth with employees is on the rise at home and abroad. Hanmi Pharmaceutical chairman Lim Sung-ki made headlines last year as he shared corporate success with loyal employees by paying them hefty bonuses.The average amount given per employee was 45 million won ($36,400), about the same as an average citizen’s annual salary. In addition to the amount of bonuses given, the 75-year-old chairman continued to surprise the Korean public by donat
IndustryMarch 1, 2016
-
N. Korea rejects S. Korea's call for denuclearization before peace treaty talks
North Korea on Tuesday dismissed South Korea's demand for it to first denuclearize before holding any discussions to sign a peace treaty, accusing the South of starting a nuclear arms race on the Korean Peninsula.In a signed commentary carried by its official Korean Central News Agency (KCNA), Pyongyang also rejected Seoul's demand to be a part of such discussions to sign a peace treaty that will replace the Korean armistice agreement signed over six decades earlier to end the 1950-53 Korean War
North KoreaMarch 1, 2016
-
[Super Rich] Hyun Jeong-eun’s struggles continue
Hyundai Group Chairwoman Hyun Jeong-eunYonhapHyundai Group chairwoman Hyun Jeong-eun has made headlines for the past couple of months with her struggles to keep the country’s 29th-largest business conglomerate running.On Feb. 23, she spent 30 billion won ($24.4 million) from her own pocket to acquire 4 million shares in Hyundai Merchant Marine’s new stock issue, which was planned as part of the group’s efforts to ease a liquidity crisis. To secure more liquidity, she is trying to sell Hyundai Se
IndustryMarch 1, 2016
-
Minjoo clashes over end to filibuster
The main opposition leadership’s decision to suspend the record-breaking filibuster Tuesday sparked intense pushback from the party’s hard-liners, displaying intraparty tensions amid persisting legislative deadlock. Filibusterers, many of them within the hawkish wing of The Minjoo Party of Korea, urged the party’s whip Rep. Lee Jong-kul to rethink his decision to halt the marathon speech against counterterrorism bills they believe have gained popularity among liberal voters and moderates. “Thoug
PoliticsMarch 1, 2016
-
TIMF 2016 all about ‘Sounds of Tomorrow’
Following last year’s Tongyeong International Music Festival, which paid homage to the 20th anniversary of late composer Isang Yun’s death through the theme of “Voyage,” this year’s theme of “Sounds of Tomorrow” is all about looking forward. “The meaning behind this year’s theme is that it is all about new music, new compositions, pieces that have never been or are rarely heard these days,” said TIMF CEO Florian Riem, in a phone interview with The Korea Herald on Tuesday. The Tongyeong Internati
PerformanceMarch 1, 2016
-
[ELECTION 2016] Parties try to add diversity to election rosters
South Korea will elect new National Assembly members in a general election on April 13. The Korea Herald is publishing a series of articles on the candidate agendas, election trends and notable runners leading up to the race. This is the fourth installment. -- EdWhen former Samsung Electronics executive Yang Hyang-ja announced in January that she would enter politics as a candidate for the main opposition party, the high-school graduate tried not to hype up her past achievements in breaking the
PoliticsMarch 1, 2016
-
U.S. denies link between THAAD, N.K. sanctions
The U.S. stated Monday that there is “absolutely no connection” between the ongoing international move to place strong sanctions on North Korea and its consultation with South Korea for deployment of its advanced missile defense system here. Secretary of State John Kerry. This photo is not directly related to the story. (Yonhap)The statement echoed the Seoul government in saying that stationing the Terminal High Altitude Area Defense missile system on the peninsula to counter North Korean threa
DefenseMarch 1, 2016
-
[Hallyu power] Bae Doo-na breaks through borders
In the Netflix sci-fi series “Sense 8,” actress Bae Doo-na plays Sun Bak, vice president of a Seoul-based firm by day and an underground kickboxer by night. Bak is one of the toughest characters Bae has played in her prolific 17-year acting career. This is also the most widely watched series she has been in. “I heard season one ranked as the most popular show in every region from North and South Americas to Europe. I was thrilled to learn that,” said Bae, who was speaking to The Korea Herald whi
FilmMarch 1, 2016
-
Hip-hop, rap take top trophies at KMAs
Hip-hop and rap showed their strength at the 13th Korean Music Awards held Monday at the Guro Arts Valley Theatre in Seoul.Rapper E Sens was the most surprising win of the night, grabbing album of the year for last year‘s “The Anecdote.” The largely autobiographical 10-track album was received with enthusiasm by both rap fans and critics alike, despite the artist being imprisoned for illegal drug use. E Sens is due to be released in October. “The Anecdote” also won best rap and hip-hop album hon
PerformanceMarch 1, 2016
-
[Photo News] LG OLED TV recognized for excellence
CLEAR WINNER -- LG Electronics said Tuesday its high-end organic light-emitting diode TV has been recognized for excellent picture quality by Verband Deutscher Elektrotechniker, or VDE, one of the largest technical and scientific associations in Europe. LG said its OLED TV boasts the industry’s highest level of contrast and color expression thanks to its high dynamic range technology. (LGE)
TechnologyMarch 1, 2016
-
[Herald Interview] Film about long-lost twins’ reunion comes to their native Korea
The film “Twinsters,” which made its world premiere at the SXSW festival in 2015, is a documentary about two twins who were separated soon after birth in Busan and adopted by families in the U.S. and France. After 25 years unaware of each other’s existence, they find each other through social media. The story of the vivacious twins Samantha Futerman and Anais Bordier is interspersed with quick cuts, cute graphics, happy music and pastel colors. The twins’ online and offline conversions also appe
FilmMarch 1, 2016
-
[Photo News] KT to develop smart farm solution
SMART FARMING -- Yoon Kyung-lim (left), the head of network operator KT’s future convergence office, and GNBio CEO Kim Young-chan pose after signing an agreement to collaborate on a project to develop IT solutions for mushroom farming in Seoul on Tuesday. (KT)
TechnologyMarch 1, 2016
-
Korea’s GDP catches up to Japan’s
South Korea has closed the economic gap with Japan as its per capita gross domestic product has neared the level of its neighbor, mainly due to the currency exchange rate in 2015, a report showed Tuesday. Korea’s per capita GDP was estimated to stand at $27,226 in 2015, which reaches 84 percent of Japan’s $32,432, according to a report by Hyundai Research Institute.This is the first time that the gap in per capita GDP between the two countries comes below 20 percent since the International Monet
BusinessMarch 1, 2016
-
[Newsmaker] Coupang to log record loss for 2015
South Korea’s top e-commerce operator Coupang is expected to have logged a record-high loss in 2015, according to Coupang and industry analysts, fueling partial concerns over its aggressive spending.A recent report by Hana Investment Securities forecast that Coupang would log an operating loss of about 400 billion won ($320 million) for 2015, up by 299 percent from a loss of 121.5 billion in 2014.Though its sales are expected to have hiked by more than 400 percent last year from 348.5 billion wo
IndustryMarch 1, 2016
-
Samsung's TV reign faces challenges
South Korean tech giant Samsung Electronics has added a new chapter to the history of the global TV market as it topped the segment last year for the 10th consecutive year. According to global market research firm IHS, Samsung was the world’s largest TV seller in 2015 on the back of the strong performance of its high-end models, taking 27.5 percent of the global TV market in terms of sales and 21 percent in shipments.The Korean TV maker has held the top spot for the past decade since 2006, when
TechnologyMarch 1, 2016
-
Court rules heavier penalties for soldiers who insult president constitutional
Military law allowing heavier penalties for insulting the head of state is constitutional, Korea’s top law court said Tuesday.In a 7-2 decision, the Constitutional Court decided that the tougher punishments for soldiers who affront the president is constitutional, as the president is the commander-in-chief, making him or her the highest position in the military command system. (Yonhap)An army sergeant, whose information was withheld, filed a constitutional appeal after he was sentenced to a six
Social AffairsMarch 1, 2016
-
[Editorial] After drawing the map
The long-awaited completion of the electoral remapping for the April 14 parliamentary poll leaves some work to be done -- by the election watchdog, political parties and voters. First of all, there should be an overhaul of the way electoral districts are redrawn, so that it is free from interference by political parties. The redistricting of the parliamentary constituencies was necessitated by the Constitutional Court’s ruling in October 2014 that the population of the biggest constituency
EditorialMarch 1, 2016