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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AI textbook bubble could burst, expert warns
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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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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Man calls 119, found dead 1 week later because officials went to wrong place
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Tired of city life, more Koreans moving to farms
A growing number of South Koreans are opting for a life on the farm as more urban dwellers grow tired of stress from the city and pursue a slower, simpler life, data showed Thursday.A total of 44,586 households relocated to farms or the countryside from urban areas last year, surging 37.5 percent from a year ago and jumping tenfold from 2010, according to Korea Statistics. While retirees in their 50s had been the majority of the group, people increasingly have headed to rural areas at a younger
Social AffairsNov. 19, 2015
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Government to build new highway by 2025
The South Korean government said Thursday that it will build a new highway linking Seoul and the country's administrative capital by 2025 in a bid to reduce traffic congestion on existing roads.At a meeting of economy and finance-related ministries, the government decided to inject 6.7 trillion won ($5.74 billion) to build the 129-kilometer highway between the capital city and Sejong City, home to 36 government agencies.The government will finance 1.4 trillion won and raise 5.3 trillion won from
IndustryNov. 19, 2015
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Fate of Paris attacks mastermind unclear after bloody raid
The hunt for the mastermind of last week's attacks took a bloody turn Wednesday to a Paris suburb where a fierce gunbattle with police left at least two people dead and eight arrested. The fate of the alleged ringleader was unclear, with authorities saying he was not taken alive and they were trying to determine if he died in the raid.Police launched the operation after receiving information from tapped phone calls, surveillance and tipoffs suggesting that 27-year-old Abdelhamid Abaaoud was hole
World NewsNov. 19, 2015
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Prosecutors raid int'l school in Seoul over alleged embezzlement
Prosecutors said Thursday they have raided a Seoul branch of a British international school over allegations it embezzled billions of won of school expenses.The Seoul Central District Prosecutors' Office said it raided Dulwich College Seoul in the Seocho district, south side of the city, on Monday and confiscated school management records and bank statements.The school is reported to have established a paper company abroad and embezzled the school funds. Dulwich College Seoul, which opened in 20
Social AffairsNov. 19, 2015
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Samsung gains share in global DRAM, panel markets
South Korean tech giant Samsung Electronics Co. gained ground in the global chip and panel markets in the third quarter from a year earlier, but the company saw its handset and TV shares continue to remain dull, data showed Thursday.Samsung took up 44.9 percent of the global dynamic random access memory chip market in the third quarter in terms of sales, rising from 39.6 percent posted in 2014, the data compiled by DRAMeXchange showed.Samsung's display panels held 21.9 percent of the global mark
TechnologyNov. 19, 2015
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Finance minister urges quick implementation of labor reform
South Korea's Finance Minister Choi Kyung-hwan on Thursday called for an early implementation of government-supported labor reform measures that he has said will help create new jobs especially for the country's youth.The minister, however, opposed providing direct cash benefits to young, unemployed people, a move currently considered by a few local governments, including the Seoul city government, and called it a populist idea."To provide quality jobs to the young, we need an early implementati
Nov. 19, 2015
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Foreign ownership of Samsung Electronics hits 19-month low
Foreign holdings of Samsung Electronics Co. have dropped to the lowest level in 19 months, data showed Thursday, amid the tech giant's stock buyback and unfavorable external conditions.Offshore investors owned 50.5 percent of Samsung Electronics shares as of Tuesday, marking the lowest since April 22 last year when the figure came to 50.48 percent, according to data by the Korea Exchange. Foreign stock ownership of the top-cap company on the main stock market here has been on the decline since J
Nov. 19, 2015
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Businesses face mounting tax burden: survey
A majority of large companies in South Korea said that they are paying an increasing amount of corporate taxes and the tax burden will likely mount down the road, a survey showed Thursday.According to the survey by the Federation of Korean Industries on how businesses feel about the tax burden, 59.9 percent answered that their actual tax payment has been increasing since 2011. The survey was conducted on the top 1,000 companies in sales, of which 157 businesses responded. Of those surveyed, 77.7
Nov. 19, 2015
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Seoul shares open higher on tech, steel
South Korean stocks started higher Thursday on the back of technology companies and steelmakers, shrugging off concerns of additional terrorist attacks in Paris.The benchmark Korea Composite Stock Price Index added 11.58 points, or 0.59 percent, to 1,974.46 in the first 15 minutes of trading.Samsung Electronics increased 0.47 percent, and its smaller rival LG Electronics climbed 1.11 percent. Chip giant SK hynix rose 0.65 percent.No. 1 steelmaker POSCO advanced 1.19 percent, and Korea Zinc moved
Nov. 19, 2015
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Samsung cuts jobs amid restructuring efforts
South Korea's top conglomerate Samsung Group has shed more than 5,000 jobs over the past year, data showed Thursday, reflecting its struggle to cut costs amid a prolonged economic slump.The key affiliates of South Korea's iconic conglomerate saw their combined workforce reach 212,331 as of end-September, compared with 217,685 a year earlier, the data compiled by the Financial Supervisory Service showed.Group flagship Samsung Electronics Co.'s payroll came to 98,577 as of end-September, down 999
CompaniesNov. 19, 2015
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Korea's producer prices dip to 6-yr low in Oct.
Producer prices in South Korea continued to shrink at a fast rate last month, slipping to the lowest level in nearly six years, preliminary data from the central bank showed Thursday.The producer price index, a barometer of future consumer inflation, came to 99.75 in October, according to the Bank of Korea.A BOK official said it marked the first time the index has dropped below the benchmark 100 in 66 months since April 2010 when the index came to 98.97."This means overall producer prices have d
Nov. 19, 2015
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U.N. spokesman: 'Discussions are ongoing' about Ban's trip to Pyongyang
Discussions are under way about U.N. Secretary-General Ban Ki-moon's willingness to play a constructive role on the Korean Peninsula situation, "including traveling there," his spokesman said Wednesday.The remark by U.N. spokesman Stephane Dujarric was seen as a de-facto acknowledgment that talks are under way to set up what would be Ban's first visit to North Korea, though the spokesman did not elaborate on those "discussions.""The secretary-general has always expressed his willingness to play
PoliticsNov. 19, 2015
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China appears to fear THAAD reduces value of its missile inventory
China appears to oppose the potential deployment of a THAAD missile defense unit to South Korea because the system reduces the value of Beijing's missile inventory aimed for regional dominance, a U.S. government commission report said Wednesday.The U.S.-China Economic and Security Review Commission made the assessment in its annual report to Congress, noting that Beijing's stated reason for its opposition to U.S. missile defense is concern about the value of China's nuclear arsenal.However, thea
DefenseNov. 19, 2015
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Korea, Canada agree to cooperation on climate change
President Park Geun-hye and her Canadian counterpart Justin Trudeau agreed Wednesday to closely cooperate on how to cope with challenges posed by climate change.The consensus was reached in their meeting on the sidelines of an annual summit of Asia-Pacific leaders in the Philippines. It came just two weeks before Park, Trudeau and leaders around the world are to meet in Paris to try to produce a new legally binding deal to cut greenhouse gas emissions that scientists say are to blame for global
Nov. 19, 2015
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[팟캐스트](120) 파리 테러 ‘8번째 용의자’ 도주, 유럽 비상
진행자: 석지현, Kevin Lee Selzer 1. 파리 테러 ‘8번째 용의자’ 도주, 유럽 비상 기사요약: 세계를 경악시킨 프랑스 파리 테러를 조사 중인 프랑스 경찰이 용의자 1명을 새롭게 추적 중인 사실이 알려지면서 유럽에 비상이 걸렸다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638 Europe on edge with at least one Paris attacker on the run [1] Europe was on high alert Tuesday with at least one of the Paris attackers on the run, as France and Russia formed an unusual alliance against the Islamic
PodcastNov. 19, 2015
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Korea, Canada agree to cooperation on climate change
President Park Geun-hye and her Canadian counterpart Justin Trudeau agreed Wednesday to closely cooperate on how to cope with challenges posed by climate change.The consensus was reached in their meeting on the sidelines of an annual summit of Asia-Pacific leaders in the Philippines. It came just two weeks before Park, Trudeau and leaders around the world are to meet in Paris to try to produce a new legally binding deal to cut greenhouse gas emissions that scientists say are to blame for global
NationalNov. 18, 2015
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No threat found on both diverted flights from US to Paris
SALT LAKE CITY (AP) -- Authorities cleared both Air France flights bound for Paris from the U.S. that had to be diverted Tuesday night because of anonymous threats received after they had taken off.Air France Flight 65 from Los Angeles International Airport to Charles de Gaulle Airport in Paris was diverted to Salt Lake City International Airport, Air France said in a statement. At about the same time a second flight, Air France 55, took off from Dulles International Airport outside Washington a
WorldNov. 18, 2015
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[Newsmaker] Hyundai gears up to push Genesis in U.S.
The Genesis G90, introduced as EQ900 in Korea (Hyundai Motor) FOUNTAIN VALLEY, California -- For quite a long time, Hyundai cars have been perceived as decently-priced high-quality vehicles in the U.S. But many things are about to change now as the company is gearing up to launch its premium brand Genesis in the world’s largest upscale automobile market. "We will present the first flagship sedan Genesis G90 (to be released as EQ900 in Korea) at the Detroit Motor Show in January. The market is qu
MobilityNov. 18, 2015
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‘Korean tech is gauge for Silicon Valley’
Whenever he visits Seoul, Silicon Valley investor Eric Kim likes to watch people on the subway.Goodwater Capital cofounder and managing partner Eric Kim (Goodwater Capital)Just riding the train for hours and watching how people use their smartphones, whether they spend more time watching TV or on social networks, gives him an insight on user habits before they reach Silicon Valley.Kim, who left Texas-based Maverick Capital to found Goodwater Capital last year, has been an early-stage investor an
TechnologyNov. 18, 2015
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[Herald Interview] World latte art champion reveals secrets to success
Caleb Cha (Seoul International Cafe Show) Three things led to Caleb Cha’s win at the World Latte Art Championships this year: eye-catching designs, confidence and endless practice. “I practiced on around 300 cups of coffee a day, seven days a week, for nearly two months,” said the Melbourne-based barista, who was here to participate in this year's Seoul International Cafe Show, in an interview with The Korea Herald last week. “That made for over 12,000 cups of latte art.” Cha, a Korean national
FoodNov. 18, 2015