Most Popular
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Yoon warns North Korea against nuclear attack attempt
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81-year-old model awarded ‘best dressed’ in Miss Universe Korea
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Seoul mayor suggests shift in immigration policy
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'Smart pill'? ADHD treatment prescriptions spike this year
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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AI textbook bubble could burst, expert warns
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Man calls 119, found dead 1 week later because officials went to wrong place
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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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Fights, complaints, stalker fans among reasons passengers exit planes before takeoff
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SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
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China party paper criticizes Korean Navy for firing warning shots
A newspaper published by China's ruling Communist Party on Wednesday criticized the South Korean Navy for firing warning shots at a Chinese patrol boat that violated the tense Yellow Sea border between Seoul and Pyongyang. South Korea's military said its Navy fired warning shots at the Chinese patrol boat after broadcasting warnings through radio communication six times as the Chinese boat sailed about 2 kilometers into the South Korean waters on Tuesday afternoon. The South Korean Navy had
InternationalDec. 9, 2015
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[팟캐스트](123) 인도네시아인 3명 추방 외 1건
진행자: 송상호, Paul Kerry 1. 인도네시아인 3명 추방 기사요약: 지난달 중순 이슬람 극단주의 무장단체 ‘알누스라 전선’을 추종해 온 인도네시아인이 검거·구속된 데 이어 그의 동조자 3명이 추가로 검거된 후 추방되었다고 국가정보원이 밝혔다. 이로써 이슬람 테러단체를 추종하다 국내에서 적발된 인도네시아인은 총 4명이 됐다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638 3 Indonesians deported for supporting al-Qaida [1] Three Indonesian migrants who were illegally residing in Korea have been deported on suspicion of supporting an intern
PodcastDec. 9, 2015
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Seoul shares nearly flat in late-morning trade
South Korean stocks finished almost unchanged Wednesday as investors remained cautious amid dropping oil prices and a looming U.S. rate hike. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index fell 0.8 point, or 0.04 percent, to 1,948.24. Trade volume was slim at 366.3 million shares worth 3.6 trillion won ($3.05 billion), with decliners outnumbering gainers 492 to 310. "Investors became more conservative due to rising uncertainties in emerging mar
Dec. 9, 2015
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Gov't should make safety top priority: PM
Prime Minister Hwang Kyo-ahn said Wednesday that the government should put its top priority on keeping people safe. "Safety is the government's most fundamental responsibility of keeping the life and assets of the people," Hwang said while presiding over a regular government meeting on public safety. "Each government department should place safety as a top priority." The meeting was attended by senior government officials from the Ministry of Public Safety and Security and the Ministry of Per
PoliticsDec. 9, 2015
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KDI cuts Korea's 2015 growth estimate to 2.6 pct
South Korea's leading state-run think tank downgraded the country's growth forecast for 2015 on Wednesday as weak exports continue to weigh down the economy despite a recovery in domestic consumption. The Korea Development Institute forecast that Asia's fourth-largest economy will expand 2.6 percent this year from a year earlier, down from the 3 percent growth it predicted in May. The KDI's growth estimate is lower than the government's official target of 3.1 percent announced in September and
Dec. 9, 2015
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Korea's M2 money supply growth slows in Oct.
South Korea's M2 money supply continued to expand in October, but the rate of the growth slowed from the previous month ahead of an anticipated U.S. rate hike, central bank data showed Wednesday. The M2 reached 2,235.8 trillion won ($1.89 trillion) in October, inching up 0.1 percent from the previous month, according to the Bank of Korea. The October reading marks an 8.8 percent rise from the same month last year, compared with a 9.4 percent on-year increase in September that marked the fastes
Dec. 9, 2015
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Rise in household debt slows in Nov.
Household loans extended by local lenders continued to rise at a fast rate last month, but the rate of growth slowed from a month earlier ahead of an imminent U.S. rate hike, central bank data showed Wednesday. As of the end of November, outstanding household loans extended by local banks totaled 632.3 trillion won ($536.3 billion), up 7.6 trillion won from the month before, according to the Bank of Korea. The rise marks a slowdown from October, when outstanding household loans gained 9 trilli
Dec. 9, 2015
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Antitrust watchdog probing unfair clauses in Apple repair deals
South Korea's antitrust watchdog said Wednesday it is checking possible unfair provisions in contracts signed between Apple Korea and local electronic repair companies. The Fair Trade Commission did not elaborate on details but said it confirmed there were unfair clauses that favored the electronics giant. "The probe was launched by the commission based on suspicions, with investigators processing all the information gathered," FTC chief Jeong Jae-chan said. He predicted that results of the re
IndustryDec. 9, 2015
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Hyundai Motor seeks to raise stake in auto financing unit
South Korea's carmaking giant Hyundai Motor Group is seeking to raise holdings in its auto financing unit by taking over a part of stakes held by a U.S. firm, industry sources said Wednesday. Currently, GE Capital, a unit of General Electric Co., holds 43 percent in Hyundai Capital, the country's largest auto financing company. Hyundai Motor Group and Taiwan's Fubon Group are considering taking over 23 percent and 20 percent, respectively, from the company, according to the sources. With the
IndustryDec. 9, 2015
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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 in 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
IndustryDec. 9, 2015
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Hyundai, Kia see market share in Russia hit all-time high in Nov.
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their market share in Russia hit an all-time monthly high in November despite overall slumping demand, industry data showed Wednesday. According to the data by the Association of European Business, the two South Korea auto giants took up a combined 22.2 percent of the total car sales in November. This was higher than the previous monthly record high of 22.1 percent set in September. Hyundai Motor's sales in Russia dropped 7 per
IndustryDec. 9, 2015
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U.S. sanctions North Korea's strategic rocket force
The United States slapped sanctions Tuesday on North Korea's "strategic rocket force" and others for weapons proliferation amid growing concern about the communist nation's ballistic missile capabilities. The rocket force, which is charged with overseeing the North's ballistic missile program, was accused of "engaging in activities that have materially contributed to the proliferation of weapons of mass destruction or their means of delivery." "The Strategic Force conducted multiple ballistic
North KoreaDec. 9, 2015
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Korea's major shipyards seen to miss order targets
South Korea's major shipbuilders are widely expected to miss this year's order targets as a global economic slump and lower oil prices sharply reduce shipbuilding demand, industry sources said Wednesday. The country's big three shipbuilders -- Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. -- racked up a combined $26.1 billion worth of orders through November, a little more than half of this year's order target of $47 billion, accordi
IndustryDec. 9, 2015
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Japan agrees to more than triple Korean laver import quota
Japan has agreed to raise its quota for South Korean laver imports by more than twofold over the next 10 years that will create new demand for local producers, the government said Wednesday. The Ministry of Oceans and Fisheries said under a new agreement reached with its Japanese counterpart, the quota will be raised 225 percent from 1.2 billion sheets this year to 2.7 billion sheets in 2025. This translates into exports rising 150 million sheets every year in the next decade, it said. The m
Dec. 9, 2015
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Mobile ad spending skyrockets in Korea
Despite a sluggish domestic economy, mobile advertising has rapidly grown in South Korea thanks to widespread usage of smartphones and advanced mobile platform, data showed Wednesday. Once regarded as uncharted territory, mobile ad spending is estimated at 940 billion won ($798.3 million) this year, soaring about 1,800 times since 2010 when the data were first compiled by Digieco, an economic research institute run by mobile carrier KT. The PC advertisement budget is estimated at 2.4 trillio
Dec. 9, 2015
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Seoul shares open higher on large-cap gains
South Korean stocks started a whisker higher Wednesday led by gains in large-cap shares like techs and retailers. The benchmark Korea Composite Stock Price Index gained 3.11 points, or 0.16 percent, to 1,952.15 in the first 15 minutes of trading. Market bellwether Samsung Electronics rose 0.4 percent and chipmaker SK hynix advanced 0.83 percent. Leading retailer Lotte Shopping jumped 4.22 percent and Shinsegae remained flat. The local currency was trading at 1,178.45 won against the U.S. dol
Dec. 9, 2015
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Korea tracks failed Russian satellite via military space center
The South Korean military's new space center effectively monitored a Russian satellite that fell back to Earth earlier this week, the Air Force said Wednesday. The Space Operations Center was established in July as part of South Korea's efforts to beef up space war capabilities. Confronted with North Korea's 1.1-million troops across the border, the South's 600,000-strong troops have traditionally focused on bolstering combat readiness on the peninsula. The Air Force, however, has launched an
DefenseDec. 9, 2015
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[Herald Review] ‘Himalayas’ is its own mountain climb
Lee Seok-hoon’s “The Himalayas” is one of the most anticipated films of the year, bringing together “Ode to My Father” director JK Youn as producer and star actor Hwang Jung-min (“Ode to My Father,” “Veteran”) to recreate the true story of mountaineer Uhm Hong-gil.So it may come as a surprise that, compared to other mountain-climbing films like Hollywood’s “Everest,” which came out earlier this year, “The Himalayas” is decidedly less dramatic. That may be because of director Lee’s hope that the
FilmDec. 9, 2015
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Park urges passage of labor, terror bills
President Park Geun-hye reiterated her calls Tuesday for the National Assembly to pass the pending bills on labor reforms, lambasting the political bickering among lawmakers which she said “only magnifies the pain of the young generation.”Presiding over a Cabinet meeting at Cheong Wa Dae, she also stressed the need for legislation designed to head off possible terrorist attacks on the back of the surge of the Islamic State extremist group and its threats against Seoul as a staunch U.S. ally. “Wh
PoliticsDec. 8, 2015
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Korea seeks to rev up green car sales
More than 1 million environmentally friendly cars could hit the roads in the next five years under a plan unveiled by the government Tuesday, as part of efforts to reduce greenhouse emissions and generate new sources of economic growth.The government plan approved in a Cabinet meeting on the same day aims to increase the proportion of green cars among new vehicles sold in the country to 20 percent, from the current 2 percent, by the year 2020. About 80,000 green cars including hybrids, electric-
Dec. 8, 2015