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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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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Man calls 119, found dead 1 week later because officials went to wrong place
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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Samsung tightens its belt amid crisis winds
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N. Korea's flag carrier redesigns homepage
North Korea's flag carrier Air Koryo has redesigned its homepage to serve customers only in English.The website (www.airkoryo.com.kp), which used to be in both Korean and English, offers booking services and other airline information in English.Much of the site remains bare, however, with only three items under "latest news," including one on the launch of a new aircraft, the Tupolev 204-100, on the Pyongyang-Beijing route in April 2010.Another article, dated Oct. 1, 2015, says the airline launc
North KoreaDec. 4, 2015
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Seoul shares sink 0.99% on ECB disappointment
South Korean stocks fell 0.99 percent Friday as investors joined the global selloff stemming from the disappointing stimulus measures by the European Central Bank.The local currency gained ground sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index lost 19.67 points to 1,974.4. Trade volume was slim at 370.9 million shares worth 3.2 trillion won ($2.77 billion), with losers far outnumbering gainers 544 to 254. The ECB said it will extend its quantitative easing prog
Dec. 4, 2015
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Construction firms' domestic orders jump 35 pct in Nov.
South Korean construction companies racked up 35 percent more domestic orders in October than a year earlier, aided by a continued recovery in the local property market, data showed Friday.According to the data compiled by the Construction Association of Korea, local builders received 11.99 trillion won (US$10.3 billion) in October, which, however, represents a pullback from the previous month's record 20.41 trillion won worth of orders.Of the orders tallied, they bagged 2.79 trillion won worth
IndustryDec. 4, 2015
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Samsung Engineering wins US$880 mln plant order
Samsung Engineering Co., South Korea's top engineering firm, said Friday that it has a received a US$880 million order to build petrochemical plants in Malaysia.Under the deal with state-run utility firm Petronas, Samsung Engineering will construct plants that produce polyethylene and other chemicals in Pengerang, southern Johor, by 2019.Petronas is cultivating a refinery and petrochemical integrated development project (RAPID) and other associated facilities in Pengerang, Malaysia.Last year, Sa
CompaniesDec. 4, 2015
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Roy Kim lays down guitar for 3rd album
Singer-songwriter Roy Kim is going without his trademark guitar for his third studio-length album “The Great Dipper.”“I didn’t put down (the guitar) on purpose,” Kim said at a press showcase held at the Hyundai Card Understage in Seoul on Thursday. “After my second album, I was arranging my new songs and realized that many of them sounded better with piano rather than guitar.”“I also have been receiving positive responses to the ballads I’ve been singing on drama soundtracks, so I decided to try
PerformanceDec. 4, 2015
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Asiana to temporarily halt flights to Vladivostok, Bali, Yangon
Asiana Airlines Inc., South Korea's No. 2 full-service carrier, said Friday that it will temporarily suspend flight services to Vladivostok, Bali and Yangon due to weak demand.The company said it will halt flights to Vladivostok in Russia's Far East starting Feb. 1, while services to Indonesia's resort of Bali and Myanmar's capital will be discontinued March 1.Asiana currently operates four weekly flights to the Russian port city and two to the two Southeast Asian destinations.The company said i
CompaniesDec. 4, 2015
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North Korea returns South Korean man's body
North Korea on Friday returned the body of a South Korean man found drifting in waters off the east coast, the Unification Ministry said. The North handed over the body, along with the man's belongings, at the truce village of Panmunjom, along the inter-Korean border, at 9:30 a.m., according to ministry spokesman Jeong Joon-hee. "The central committee of North Korea's Red Cross said it found the body of someone who appeared to be a South Korean citizen in waters near Yodo of the North's Kangwo
North KoreaDec. 4, 2015
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Seoul shared down 0.97% in late-morning trade
South Korean stocks traded 0.97 percent lower late Friday morning due to disappointment in the European Central Bank's stimulus step. The benchmark Korea Composite Stock Price Index lost 19.42 points to 1,974.65 as of 11:20 a.m. Samsung Group shares traded in negative territory, with Samsung SDI, the group's battery-making unit, slumping 1.25 percent and Samsung C&T, its construction and trading affiliate, sinking 1.36 percent. Lotte Shopping, the largest retailer, shed 1.3 percent and Shinse
Dec. 4, 2015
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FTA with China to give hope to Korean exporters: finance minister
The ratification of a free trade pact with China will give hope to South Korean exporters struggling to expand market presence abroad, the country's top economic policymaker said Friday.Chairing a fiscal policy meeting in Seoul, Finance Minister Choi Kyung-hwan said that the free trade agreement approved by the National Assembly on Monday will breathe new life into local companies.In the January-November period, Asia's fourth-largest economy reported outbound shipments falling 7.4 percent on-yea
Dec. 4, 2015
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Retired professor faces trial over security law breach
A retired professor is to stand trial for allegedly praising former North Korean leaders in breach of an anti-North Korea law.The Seoul District Prosecutors' Office said on Friday that the 74-year-old, identified only by his surname Kim, has been indicted for posting 30 articles praising the governance of Kim Il-sung and Kim Jong-il on the Internet from March 2009 to September 2012. Kim also gave a lecture supporting North Korea's nuclear program in April 2014 and was found to possess a total of
North KoreaDec. 4, 2015
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South Korea, China exchange 18 fugitives in two years
South Korea and China have exchanged a total of 18 most-wanted fugitives caught in their respective countries since last year, the Korean police said Friday.They were among 80 people on lists exchanged between the police authorities of the two countries since they reached an agreement on law enforcement collaboration in June 2013, according to the National Police Agency.Under the accord, in the first year five Chinese nationals were arrested and sent back to their country, and four fugitives wer
Foreign AffairsDec. 4, 2015
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Korea urges belt-tightening to curb long-term debt growth
South Korea should try to cut back on government spending in a bid to keep state debt from exceeding 60 percent of its growth domestic product over the long haul, the finance ministry said Friday.In a long-term fiscal outlook, the ministry said if state expenditures keep pace with the country's nominal growth rate in the coming decades, the size of state debt could rise to 62.4 percent of GDP in 2060, significantly higher than a 42.3 percent estimate for next year."South Korea's debt will invari
Dec. 4, 2015
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Volkswagen sales soar in Korea amid emissions scandal
Embattled German automaker Volkswagen's sales in South Korea more than quadrupled in November on the back of large-scale incentives and promotions amid the deepening emissions scandal, industry data showed Friday.According to data compiled by the Korea Automobile Importers and Distributors Association, Volkswagen sold a record 4,517 cars last month in South Korea, compared with October's 947 units.The November sales for Volkswagen were much higher than the 32 percent on-month rise in total forei
MobilityDec. 4, 2015
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Gov't to sponsor unification education at universities
The government plans to choose a handful of universities to lead education on inter-Korean reunification, a Unification Ministry official said Friday.The ministry will allocate 1.8 billion won ($1.56 million) to the new project under next year's government budget plan passed by the National Assembly on Thursday, according to the official. The project was not originally part of the budget plan."We plan to receive applications from universities in the first half of next year and then choose three
Social AffairsDec. 4, 2015
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Samsung makes lowest number of executive promotions since 2009
South Korea's top conglomerate Samsung Group on Friday made the lowest number of executive promotions in six years as its flagship smartphone business and other affiliates are suffering a prolonged slump.Samsung Group said it has made 294 executive promotions, the lowest number since 2009, when the global economic crisis led the group to promote only 247. The group made 353 of such promotions last year.Earlier this week, Samsung Group announced its president-level reshuffle, appointing Koh Dong-
IndustryDec. 4, 2015
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Samsung execs under probe on alleged stock trading
South Korea's financial authorities have launched an investigation into an allegation that high-ranking officials from Samsung Group engaged in insider trading in a mega-sized merger between its key units, an industry source said Friday.Samsung Group's fashion unit Cheil Industries Inc. merged with its construction and trading affiliate Samsung C&T Corp. in an 8.9 trillion-won ($7.7 million) deal in July.Shares of Cheil Industries had been on a steady rise to close at 188,000 won on May 26, when
IndustryDec. 4, 2015
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Top court rejects unfaithful spouse's divorce claim
The nation's top court dismissed a suit filed by an unfaithful spouse seeking a divorce from his wife, officials said Friday.Upholding a lower court's ruling, the Supreme Court ruled against the 70-year-old man, whose identity was withheld, for being responsible for the shattered marriage. The couple tied the knot 42 years ago but has been separated since 1984, following the plaintiff's series of affairs. He started to live with his mistress in the mid-1990s.Without any economic support from the
Social AffairsDec. 4, 2015
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Seoul shares open lower on ECB's disappointing stimulus
South Korean stocks got off to a weak start Friday following overnight losses in the global equity markets as the European Central Bank came up with disappointing stimulus measures.The benchmark Korea Composite Stock Price Index lost 14.35 points, or 0.72 percent, to 1,979.72 in the first 15 minutes of trading.The ECB said it will extend its quantitative easing program until at least March 2017 and cut its deposit rate deeper into negative territory.But the plan failed to satisfy the market, whi
Dec. 4, 2015
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Hungarian PM: Greece does not meet its obligations
Hungarian Prime Minister Viktor Orban accused Greece Thursday of not fulfilling its obligations as a member of the deal that allows free movement within the European Union.Orban made the comment in a joint news conference with South Korean President Park Geun-hye and the prime ministers of the Czech Republic, Poland and Slovakia after the inaugural summit between South Korea and the Visegrad Group.He did not elaborate on what he meant by Greece's failure to fulfill its obligations.He said throug
World BusinessDec. 4, 2015
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'Freedom of navigation' basic right of any navy: U.S. Navy spokesman
The United States was exercising its right to "freedom of navigation" when it sailed a warship near one of China's artificial islets in the South China Sea, a U.S. Navy spokesman said, calling it the "most basic right" of any navy in the world.In October, the U.S. guided missile destroyer USS Lassen sailed through waters within 12 nautical miles of Subi Reef, prompting strong protests from Beijing.China has claimed sovereignty over much of the South China Sea, causing tension with a handful of S
InternationalDec. 4, 2015