Most Popular
-
1
Yoon warns North Korea against nuclear attack attempt
-
2
81-year-old model awarded ‘best dressed’ in Miss Universe Korea
-
3
Seoul mayor suggests shift in immigration policy
-
4
'Smart pill'? ADHD treatment prescriptions spike this year
-
5
[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
-
6
AI textbook bubble could burst, expert warns
-
7
Man calls 119, found dead 1 week later because officials went to wrong place
-
8
[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
-
9
Fights, complaints, stalker fans among reasons passengers exit planes before takeoff
-
10
SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
-
NH Financial VP tapped to head NH Bank
Lee Kyung-seobNH Financial Group has picked its incumbent vice president Lee Kyung-seob as the new CEO of its banking arm NH Bank, the country’s fourth-largest banking group by assets said Wednesday. The group’s special CEO selection committee, meeting earlier in the day, decided to recommend Lee, its vice president since January last year, as the sole candidate for the job. The appointment is subject to endorsement by the board of directors and shareholders, who are likely to approve it without
Dec. 9, 2015
-
Han Sung Motor eyes two-digit growth in 2016
Han Sung Motor, the largest Mercedes-Benz dealer in South Korea, aims for 10-13 percent growth in car sales in 2016, its chief executive said Wednesday.The target is higher than the 8 percent growth rate of the country’s imported luxury car market predicted for next year by the Korea Automobile Importers and Distributors Association. Han Sung Motor CEO Ulf Ausprung speaks during a press conference held Wednesday in Seoul. (Han Sung Motor)Han Sung CEO Ulf Ausprung revealed the company’s total car
IndustryDec. 9, 2015
-
[Kim Myong-sik] Saving is grave sin in budget execution
The 2016 budget has been fixed at 386,399,700,000,000 won. We, the people, pay taxes of various titles to fill the state coffers and keep the government running. Individuals and corporations set aside large portions of their earnings to fulfill their duties as members of the republic, while universally paying the 10 percent value-added tax on all kinds of transactions, ranging from eating seolleongtang to using a cellphone. Divide the 389 trillion won by the total population of 50 million and t
ViewpointsDec. 9, 2015
-
[Shin Yong-bae] In search of a warmer society
The season for giving has come. A “Thermometer of Love,” a giant mock thermometer board showing how much people have donated to charity, stands at the center of Gwanghwamun Square in the heart of Seoul. Bells jingle around red charity pots and resonate through bustling streets. Despite the nation’s protracted economic recession, giveaways from individuals, organizations and companies to help underprivileged people in society show no signs of abating. Recent news of a major philanthropic donation
ViewpointsDec. 9, 2015
-
[Editorial] Room for compromise
Upon her return last weekend from a visit to Europe, President Park Geun-hye used her bully pulpit to point out to the public the urgency of enacting bills on labor reform and economic revitalization. On Monday, she arranged an unscheduled meeting with the ruling Saenuri Party leadership and strongly urged them to speed up the passage of those bills through the National Assembly. “What would be the use of labor reforms after the economy has flatlined? We can’t revive the economy after it ceases
EditorialDec. 9, 2015
-
[Editorial] Paradox of cheap oil
In Korea, low oil prices have long been considered a blessing, as the country has to import crude oil to meet more than one-third of its energy demands. Korea suffered an economic crisis in 1979 due to a surge in oil prices following the second oil shock. But it enjoyed an unprecedented economic boom in the late 1980s thanks to low oil prices. This perception is changing. Crude oil prices have fallen to 7-year lows following the failure last Friday of OPEC members to set an oil production ceili
EditorialDec. 9, 2015
-
So what if tommy guns are popular?
When a sharply divided Supreme Court created an individual right to bear arms seven years ago, it also made clear that the right would remain subject to “longstanding prohibitions.” On Monday, the court confirmed that some newer prohibitions are allowed as well. The court’s deference — it refused to review a lower-court decision upholding a local ban on assault weapons — should surprise no one. Arms have always been regulated in the U.S.; that’s why it’s against the law for people to put missile
ViewpointsDec. 9, 2015
-
[Shashi Tharoor] Chennai tragedy is a wake-up call to India
Even as world leaders were meeting in Paris to address climate change, the city of Chennai (formerly Madras), the capital of the southern Indian state of Tamil Nadu, reeled under the onslaught of the heaviest rainfall in 104 years. The city, home to 5 million people, has virtually shut down, with roads flooded and nearly 5,000 homes under water. More than 450 people have died. Air and rail services have been suspended, power and phone lines have been disrupted, and hospital patients are succumbi
ViewpointsDec. 9, 2015
-
[Joseph E. Stiglitz] When economic inequality kills
This week, Angus Deaton will receive the Nobel Memorial Prize in Economics “for his analysis of consumption, poverty and welfare.” Deservedly so. Indeed, soon after the award was announced in October, Deaton published some startling work with Ann Case in the Proceedings of the National Academy of Sciences — research that is at least as newsworthy as the Nobel ceremony. Analyzing a vast amount of data about health and deaths among Americans, Case and Deaton showed declining life expectancy and he
ViewpointsDec. 9, 2015
-
Gov't to focus on supporting new technologies in 2016
South Korea will inject 44.5 billion won ($37.7 million) in 2016 to support new technologies that can enhance the global competitiveness of its manufacturers, the government said Wednesday. According to the Ministry of Trade, Industry and Energy's industrial parts and materials development strategy, state funds will be used to support cutting edge projects in such areas as autonomous vehicles, wearables, smart factories and the Internet of Things. IoT refers to products with embedded sensors an
TechnologyDec. 9, 2015
-
Samsung to launch car electronics division
South Korea's top tech firm Samsung Electronics Co. said Wednesday that it will establish an automotive electronics division, a move seen to diversify its business portfolio. In its early stage, the division will focus on infotainment and an autonomous driving system, and strengthen cooperation among affiliates, the company said. The move came as Samsung, whose business portfolio ranges from handset, semiconductor to refrigerator and other home appliance, is suffering a setback in its mainstay
IndustryDec. 9, 2015
-
[Photo News] SKT, Nokia to develop LTE tech for objects
COMMUNICATION BETWEEN OBJECTS -- SK Telecom said Wednesday that it has signed a memorandum of understanding with network equipment maker Nokia to jointly research and develop a network technology, called the narrow band Long-Term Evolution, which allows low power machine-to-machine communication. (SKT) COMMUNICATION BETWEEN OBJECTS -- SK Telecom said Wednesday that it has signed a memorandum of understanding with network equipment maker Nokia to jointly research and develop a network technology,
TechnologyDec. 9, 2015
-
Foreigners' card spending plunges in Q3 after MERS
Foreigners spent far less with their credit cards during their stay in South Korea in the third quarter of this year in the aftermath of the Middle East Respiratory Syndrome outbreak that led to a drop in the number of foreign visitors, data showed Wednesday. Credit card purchases by non-South Korean nationals plunged 38.7 percent to US$2 billion in the July-September period from a year earlier, according to the data compiled by the Credit Finance Association. The third-quarter figure marked t
Dec. 9, 2015
-
Japan arrests Korean over alleged Yasukuni bombing
(Japanese police arrested a South Korean man for a suspected bombing in a public restroom at a Tokyo war shrine last month, local media reported Wednesday. The 27-year-old suspect, identified only by his surname Chon, was caught on a security camera installed at the Yasukuni Shrine about 30 minutes before the incident on Nov. 23, police said. He was arrested shortly after voluntarily returning to Tokyo by plane earlier in the day. South Korean authorities said they are trying to figure out t
InternationalDec. 9, 2015
-
Hyundai Motor launches EQ900 flagship model targeting global market
Hyundai Motor Co., South Korea's largest carmaker, launched the EQ900 flagship sedan Wednesday, targeting the global luxury vehicle market mostly dominated by German brands. The EQ900 is the first model unveiled under the name of Genesis, which Hyundai Motor recently launched as an independent luxury brand. "The EQ900 is a state-of-the-art premium sedan that we developed to target the global market," Hyundai Motor Group Chairman Chung Mong-koo said during a launch event in central Seoul. "B
IndustryDec. 9, 2015
-
Korea-China free trade deal to take effect on Dec. 20
A free trade agreement between South Korea and China will come into force on Dec. 20, officials said Wednesday, about six months after the two nations formally signed the deal aimed at slashing tariffs and other trade barriers. The South Korean Ambassador to China, Kim Jang-soo, and Chinese assistant commerce minister, Wang Shouwen, exchanged a diplomatic document that set the date for inaugurating the accord earlier in the day. After about three years of negotiations, South Korea and China
Dec. 9, 2015
-
U.S. broadly agrees to transfer fighter jet technologies: ministry
The United States has agreed within a "broad framework" to transfer a set of technologies needed for South Korea's indigenous fighter jet program, the Ministry of National Defense said Wednesday. A South Korean government delegation visited Washington last week for talks with U.S. defense giant Lockheed Martin amid reports that the U.S. is reluctant to transfer three of the 21 technologies under discussion. South Korea agreed with Lockheed Martin last year to receive 25 combat jet technologies
DefenseDec. 9, 2015
-
Korea-New Zealand FTA to take effect on Dec. 20
South Korea and New Zealand agreed Wednesday to put their free trade agreement into effect on Dec. 20, the Foreign Ministry said. The two sides exchanged a related diplomatic document in a ceremony in Wellington the same day, it said. They struck the deal on the FTA in November last year and signed it formally four months later. The FTA eliminates import tariffs on over 90 percent of goods traded between the two countries. Two-way trade reached $3.26 billion in 2014. It is also expected to p
Dec. 9, 2015
-
Lotte's Japan unit to jack up stake in Korean affiliate
Lotte Confectionery Co., a unit of South Korean retail giant Lotte Group, said Wednesday that Lotte's Japan operation will increase its stake in the affiliate, a move seen as part of efforts to cement the incumbent group chairman's grip on the conglomerate amid a succession feud. In a regulatory filing, Lotte Confectionery said that Tokyo-based Lotte Holdings will buy 7.9 percent of its shares at 2.3 million won ($1,950) per share during trading hours by Dec. 28, a deal worth about 258 billion w
IndustryDec. 9, 2015
-
Korea's home sales rise 7.4% on-year in Nov.
South Korea's home transactions rose 7.4 percent in November from a year earlier amid a recovering trend in the local real estate market, the government said Wednesday. The number of housing purchase transactions reached 97,813 last month, compared with 91,050 tallied the previous year, according to the Ministry of Land, Infrastructure and Transport. The November figure, however, fell 8 percent from 106,274 a month earlier. For the first 11 months of the year, home transactions came in at 1.1
Dec. 9, 2015