Most Popular
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Psy's touch or new trend in music? P Nation’s solo stars lose their shine
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Yoon warns North Korea against nuclear attack attempt
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Seoul to hold grand military parade on Tuesday, disrupting major city routes
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81-year-old model awarded ‘best dressed’ in Miss Universe Korea
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Shut up and dance
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Seoul mayor suggests shift in immigration policy
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NewJeans fans corner Hybe amid PR backlash, looming National Assembly audit
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Israel targets Palestinian group in first strike on Beirut center
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Brit pop legend Oasis to perform in Seoul next year
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'Smart pill'? ADHD treatment prescriptions spike this year
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No. of firms on antitrust list drops in Dec.
The number of South Korean business groups' affiliates subject to restrictions on mutual investments and loan guarantees declined in December from the previous month, the antitrust watchdog said Thursday.The Fair Trade Commission said the number of firms on its watch list came in at 1,658 as of Thursday, down 10 from the previous month.Such affiliates are owned by the country's 61 largest business groups.Samsung, CJ, Doosan and nine other groups reduced the number of their affiliates through sta
IndustryDec. 31, 2015
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Market value of apartments in Korea tops 2,000 tln won
The aggregate market value of apartments in South Korea has topped 2,000 trillion won for the first time, driven by more construction and rising housing prices, industry data showed Thursday.According to Real Estate 114, a real estate information provider, about 6.83 million apartments nationwide were estimated to be worth 2,127 trillion won ($1.81 trillion) as of end-December based on their market value. This is up 166 trillion won from a year earlier and marks the largest-ever value since rela
Dec. 31, 2015
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Korean court to open formal suit on wartime sex slaves
A local court has opened a formal damage suit that ten former South Korean sex slaves for Japan's World War II soldiers filed against Tokyo, after failing to find solutions through a mediation process.The Seoul Central District Court on Wednesday ended the mediation process after the Japanese government repeatedly rejected to participate in the procedure, court officials said.The decision came a few days after Seoul and Tokyo reached a breakthrough deal in which the Japanese government apologize
Social AffairsDec. 31, 2015
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[Herald Review] ‘Chasing’ never finds direction or laughs
Director Oh In-chun’s upcoming feature “Chasing” is a true team effort. The director and both main actors Kim Seung-woo and Kim Jung-tae are all signed with the same company, The Queen D&M, which produced the film. This is what made it all the more shocking when lead actor Kim Seung-woo told reporters at a preview press conference that he “didn’t like the film” and that it failed to “provide laughs, as promised.” A still from "Chasing" (Opus Pictures) On second thought, one can’t help but feel
FilmDec. 31, 2015
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Most Chinese people oppose Korea-Japan deal on wartime sex slaves
Most Chinese people believe that Beijing should not accept conditions set by South Korea and Japan in possibly resolving the long-running grievance of Chinese victims of Japan's wartime sexual slavery, a survey by a state-run Chinese media showed Thursday. The online survey, conducted by the Global Times, published by the People's Daily, the mouthpiece of the Chinese Communist Party, found that 95 percent of 10,686 respondents say the deal between South Korea and Japan on wartime sex slaves "can
InternationalDec. 31, 2015
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Kim Jong-un offers condolences to his key aide's death
North Korea's leader Kim Jong-un has offered "profound" condolences over the death of his key aide who handled inter-Korean affairs, Pyongyang's state media said Thursday.On Wednesday, Kim visited the mortuary of Kim Yang-gon, a secretary of the ruling Workers' Party of Korea, who died on Tuesday in a car accident, according to the Korean Central News Agency.North Korea held a state funeral for Kim, who is called "the closest comrade-in-arms" of the North Korean leader, earlier in the day.The KC
North KoreaDec. 31, 2015
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Maestro Chung leaves Seoul Phil
Maestro Chung Myung-whun has left the Seoul Philharmonic Orchestra amid allegations of embezzlement and a police probe into whether his wife slandered the former chief conductor.On Wednesday, Chung conducted Beethoven's Symphony No. 9, the SPO's final performance of the year, which also happened to be his final gig with the orchestra he'd been with for 10 years.Chung had warned earlier that Wednesday would be his last day with the orchestra. His letter of resignation came shortly after his wife
CultureDec. 31, 2015
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Billionaires' stock value hits all-time high
The combined market value of stocks held by the top 100 stock-rich people surpassed the 100 trillion-won ($849.25 billion) mark for the first time, aided by a rise in stock prices of cosmetics and bio firms, data showed Thursday.According to data compiled by market researcher Chaebol.com, the country's top 100 stock-rich people held 103.83 trillion won worth of stocks as of Wednesday.The figure is equivalent to 8.3 percent of the total market capitalization and 27 percent of South Korea's budget
Dec. 31, 2015
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Korea's consumer prices growth hits 16-month high in Dec.
South Korea's consumer prices grew at the fastest pace in 16 months in December, a government report showed Thursday, amid government-led efforts to stave off deflation concerns.The country's consumer price index rose 1.3 percent this month from a year earlier, according to the report by Statistics Korea, marking the highest level since August 2014, when it hit 1.4 percent."As global oil prices experienced a relatively gentle fall this month, compared to a year ago, the December figure recorded
Dec. 31, 2015
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North Korea forging ahead with excavation of new nuclear test tunnel: 38 North
North Korea is forging ahead with excavation of a new tunnel at its Punggye-ri nuclear test site, a U.S. research institute said Wednesday.New high-resolution commercial satellite imagery shows a canopy set up at the entrance of the new tunnel to shield against falling debris as well as mining cart tracks used to transport spoil from excavation, 38 North said in a report."The presence of the mining cart tracks shows that excavation is continuing with no indication of when it will be completed,"
North KoreaDec. 31, 2015
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Trump again accuses South Korea of getting defense free-ride from U.S.
Republican presidential front-runner Donald Trump repeated his unfounded criticism of South Korea on Wednesday that the wealthy Asian nation relies on the U.S. for national defense without giving anything in return."I order thousands of televisions, they're all from South Korea. So we have 28,000 people on the border separating South Korea from this maniac in North Korea. We get nothing ... We get nothing. They're making a fortune. It's an economic behemoth," Trump said during a campaign speech
DefenseDec. 31, 2015
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[Newsmaker] Maestro Chung bids farewell
Maestro Chung Myung-whun was met with howling cheers, applause and standing ovations from his local audience in the conductor’s final concert with the Seoul Philharmonic Orchestra on Wednesday night. The concert comes just one day after Chung submitted his official resignation as music director, citing the orchestra’s ongoing legal dispute regarding human rights violations by its former head as the reason for his departure after a decade at its helm. Maestro Chung Myung-whunPrior to the concer
PerformanceDec. 31, 2015
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Watchdog issues ultimatum on constituency remapping
As the rival parties remained deadlocked over redrawing the electoral districts with two days remaining for the legal deadline, the nation’s election watchdog said Wednesday it would offer a grace period, allowing preliminary candidates to continue their campaigns for a while to minimize disruption.It also pledged to step in and take the matter in its own hands, should political parties fail to reach an agreement during the extra period.“We urge the National Assembly to fix the new constituencie
PoliticsDec. 31, 2015
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Samsung to showcase venture projects at CES
Samsung Electronics said Wednesday it will showcase venture projects such as a virtual keyboard for virtual reality headsets and a belly fat-tracking smart belt at the Consumer Electronics Show in Las Vegas next week. Samsung launched a venture-accelerating program, called C-Lab, in 2012 to support diverse venture ideas within the company. It will be the first time that the company has unveiled some of the projects at CES, the world’s largest electronics trade show. Key projects to be showcased
TechnologyDec. 31, 2015
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Corporate restructuring on rise
Companies placed under creditor-led restructuring has reached the highest count in recent years in 2015 and the number is likely to rise even further next year, Korea’s financial regulator said Wednesday. The 123-story Lotte World Tower in Seoul is lit up with LED lights on Tuesday. (Yonhap)According to the Financial Supervisory Service, 15 troubled large companies are to be put under creditor-led rehabilitation, in addition to 35 already undergoing forced restructuring. That pushed the total n
Dec. 30, 2015
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Korea faces sex slave backlash
Two days after the breakthrough on the sex slavery issue, Korea faces a double whammy of mounting Japanese efforts to dilute the agreement and eroding public and political support at home. Participants hold up pictures of victims of Japan`s WWII sexual slavery during a weekly rally held near the statue of a girl representing comfort women adjacent to a construction site of the Japanese Embassy building in central Seoul, Wednesday. (Yonhap)Seoul’s ongoing effort to appease the victims is being b
Foreign AffairsDec. 30, 2015
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Victims protest sex slavery deal
South Koreans gathered across the street from the Japanese Embassy in Seoul on Wednesday to condemn Seoul and Tokyo for sealing a deal over Japan’s sexual enslavement of Korean women without consulting the victims or gaining their consent. Enraged by what they called political collusion between the two countries, nearly 1,000 people jammed into a narrow downtown street to participate in the 1,211st weekly rally held by the former sex slaves and their supporters. (Yonhap)The Korean Council for
Social AffairsDec. 30, 2015
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Trending products of 2015
Samsung PaySamsung Pay is often touted as one of the most successful mobile payment solutions thanks to its versatility. The mobile payment system works with both NFC and magnetic strip terminals, while U.S. tech firm Apple’s payment app is only compatible with NFC terminals.Instagram Korea is one of the fastest-growing markets for Instagram, the photo-sharing mobile app owned by Facebook, with its user numbers more than doubling over the past year. KakaoTaxi Calls for KakaoTaxi, Kakao’s popular
IndustryDec. 30, 2015
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Chart toppers of 2015
Dec. 30, 2015
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Changwon theater troupe pays it forward
The Changwon Community Theatre paid it forward for its most recent play, raising funds for a local multicultural center.After a venue was provided for free, the group decided to keep costs low and give the money from ticket sales to the Gyeongnam Multicultural Families Support Center, a local welfare facility that provides services for the whole of South Gyeongsang Province. Director Sunil Mahtani said they chose the play, Norm Foster’s “Maggie‘s Getting Married,” as a strong play that allowed t
Expat LivingDec. 30, 2015