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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AI textbook bubble could burst, expert warns
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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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Samsung tightens its belt amid crisis winds
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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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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[Photo News] LG LED projector in spotlight
LG LED PROJECTOR IN SPOTLIGHT -- LG Electronics said Tuesday its portable projector lineup Mini Beam has crossed the 500,000 sales mark worldwide, maintaining the No.1 position in the global light-emitting diode projector market for five years in a row. (LGE)
TechnologyNov. 17, 2015
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[Photo news] Ferrari's strongest spider debuts in Seoul
Ferrari Japan managing director Reno De Paoli, who is also in charge of the Korean market, poses next to the new 488 Spider, the Italian supercar’s latest and most powerful Spider, featuring the patented retractable hard top, a new engine and a fresh design, at the launch event in Seoul on Wednesday. The base price for the car starts from 380 million won ($325,000). FMK
MobilityNov. 17, 2015
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Reebok CrossFit Sentinel’s Euljiro branch to relocate to Gwanghwamun
The Euljiro branch of CrossFit gym Reebok CrossFit Sentinel will be relocating to Gwanghwamun, it said in a statement Tuesday. Established in 2012 as the second “box” of the CrossFit franchise, the Euljiro branch will close its facilities from Nov. 30 for six months, during which existing members will be able to use other branches located in Hannam-dong, Pangyo, Yeouido and Samseong-dong. The new Gwanghwamun quarters will open next year.The gym will make up for the inconvenience by offering vari
TechnologyNov. 17, 2015
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France launches new airstrikes on Raqqa
France has fired new airstrikes on the Islamic State stronghold of Raqqa in Syria, days after deadly attacks in Paris linked to the group.The strikes early Tuesday destroyed a command post and training camp, military spokesman Col Gilles Jaron said.France conducted sweeping raids Sunday night on Raqqa and the French president is calling for strengthened international coordination against IS after attacks killed at least 129 people around Paris on Friday. (AP)
World NewsNov. 17, 2015
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[Foreigners Who Loved Korea] McKenzie, journalist who delved into Korean justice
In Korea’s turbulent path toward independence and nation building, there were foreign nationals who stood steadfastly by the Korean people, although their contributions have been largely overshadowed by those of Korean patriots. The Korea Herald, in partnership with the Independence Hall of Korea, is publishing a series of articles shedding light on these foreigners, their life and legacies here. This is the eighth installment. ― Ed.By Yu Pil-ku, Researcher, Independence Hall of KoreaFrederick A
PeopleNov. 17, 2015
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Seoul shares vault 1.06% on gains in U.S., Europe
South Korean stocks rallied more than 1 percent Tuesday, taking cue from gains in the U.S. and other major stock markets following the abated concerns over the negative impact of the latest terrorists attack in Paris. The local currency gained against the U.S. dollar. The benchmark Korea Composite Stock Price Index climbed 20.56 points, or 1.06 percent, to 1,963.58. Trading volume was moderate at 408.7 billion shares worth 4.43 trillion won ($3.79 billion) with gainers outpacing losers 643 to 19
Nov. 17, 2015
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Industry leaders discuss future of content at Seoul forum
The way people consume entertainment content has continued to be reshaped over the past decade. Technology has enabled global consumers to upload, share and watch not only short-length videos, but also movies, documentaries and news, according to Antoine Nazaret, head of content Asia at France-based video-sharing platform Dailymotion. “Video sharing started in 2005 when short videos were really appealing, enabling them to go viral. But now, technology has enabled anyone to upload a variety of co
TelevisionNov. 17, 2015
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Pyongyang to launch 'large-scale' ski tours for foreigners
North Korea will launch "large-scale" ski tourism packages for foreigners from late this month, according to a North Korean state media outlet on Tuesday, in the latest sign that the reclusive state has approved more cross-border tours. Foreign tourists have been applying for the tour packages at the Masik ski resort near North Korea's eastern coastal city of Wonsan, which opened earlier last year as a pet project of the North's young leader Kim Jong-un, the English-language Pyongyang Times news
North KoreaNov. 17, 2015
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Private investors suffer losses from liquidation sales
Amid a plunge in the domestic stock market, private investors who purchased stocks on loans are suffering losses due to liquidation sales.According to the Korea Financial Investment Association on Tuesday, the number of liquidation sales has soared this month, reflecting the growing concerns on the upcoming U.S. interest rate hike.Liquidation sales refer to the sell-off of stocks that a securities company executes in order to make up for the differences, should a credit-purchaser fail to make th
Nov. 17, 2015
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Chaebol families profit from duty-free race
(123RF)The chaebol families of Shinsegae Group and Doosan Group earned fast fortunes on the stock market following the government approval of their bids to run duty-free shops in Seoul. Shinsegae chairwoman Lee Myung-hee and her chaebol family made a total of 100 billion won ($85.5 million) in just two days prior to the government announcement, with a 16 percent jump in the retail giant’s stocks. On the second day of those two days, Shinsegae stock prices jumped as high as 12.06 percent.Of the 1
Nov. 17, 2015
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Park arrives in Philippines for APEC summit
President Park Geun-hye arrived in the Philippines on Tuesday for a two-day summit of Asia and Pacific leaders this week.Park and the leaders of the Asia-Pacific Economic Cooperation forum are expected to exchange opinions on how to build inclusive economies and sustainable and resilient communities, said Cheong Wa Dae, South Korea's presidential office.The APEC forum is set to bring together top leaders of the organization's 21 member economies, including the United States, Japan and Australia,
Nov. 17, 2015
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Korea, Thailand to join hands in broadcasting sector
South Korea's ICT ministry said Tuesday it has agreed with its Thailand counterpart to exchange content and experts in the broadcasting industry, paving the way for Seoul to tap deeper into the Asian market.The Ministry of Science, ICT and Future Planning said it has signed a memorandum of understanding with Thailand's National Broadcasting and Telecommunications Commission, with an aim to bolster the sales of the local media's content in Southeast Asia.The ministry added South Korean media cont
InternationalNov. 17, 2015
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Seoul shares up 1.27% in late morning trade
South Korean stocks traded 1.27 percent higher late Tuesday morning on the back of gains in techs and financial shares.The benchmark Korea Composite Stock Price Index added 24.66 points to 1,967.68 as of 11:20 a.m.Market behemoth Samsung Electronics advanced 1.03 percent, while its smaller rival LG Electronics increased 3.53 percent. LG Display added 2.43 percent. Shinhan Financial moved up 2.78 percent, and KB Financial increased 1.01 percent. Hana Financial rose 0.58 percent.The local currency
Nov. 17, 2015
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U.S. rate hike "highly" likely in December: BOK chief
The head of South Korea's central bank said Tuesday that the United States may raise its policy rate before the year's end, while noting such a move may create financial instabilities in newly emerging economies that may possibly lead to a global crisis."Despite the recent terror attacks in Paris, the possibility of a (U.S.) rate hike in December currently remains very high," Bank of Korea (BOK) Gov. Lee Ju-yeol said at a breakfast meeting with members of the Korea Chamber of Commerce and Indust
Nov. 17, 2015
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Shinsegae to open new duty-free shop in April
South Korean retail giant Shinsegae said Tuesday it will open a new duty-free store in downtown Seoul in April after facility renovation, stepping up its efforts to lure customers away from its bigger rivals. After beating SK Networks to take over its Seoul license on Saturday, Shinsegae Duty Free has started preparations to open a new outlet at its flagship department store in Myeongdong, a major shopping district in the capital.It is the first time for Shinsegae to open a duty-free store in th
Nov. 17, 2015
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Military to develop unmanned sensors to beef up DMZ surveillance
The military has signed a deal to develop unmanned ground surveillance sensors to boost its capacity to monitor North Korean forces in the Demilitarized Zone, the defense procurement agency said Tuesday.The deal between the Defense Acquisition Program Administration and the local defense manufacturer, Hanwha Thales, is worth 3.6 billion won ($3.1 million).The sensors will be installed in unmanned corners along the southern side of the DMZ, with the capacity to detect any infiltration attempts fr
DefenseNov. 17, 2015
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Major firms predict below-3% growth for next year: survey
Over 90 percent of businesses in South Korea predict that the local economy will grow less than 3 percent next year, citing the slowing growth in China and the mounting household debt as major reasons for their gloomy outlook, a survey showed Tuesday.According to the survey by the Federation of Korean Industries on 285 large companies, 90.2 percent answered that the Korean economy will grow less than 3 percent. The outlook is lower than a 3.3 percent expansion predicted by the government and a 3
Nov. 17, 2015
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POSCO's IT outsourcer seeks to export airport baggage system
POSCO ICT Co., a unit of South Korea's leading steelmaker POSCO, said Tuesday it will make efforts to sell its airport baggage system overseas amid the launch of new airports in China and the Middle East.The company, which has operated the system in South Korea's main gateway, Incheon International Airport, since 2001, said it has completed the development of the solution to fit mid-sized airports as well, targeting emerging countries around the globe.The Baggage Handling System helps distribute
TechnologyNov. 17, 2015
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Number of overseas Korean students continues to drop
The number of young South Koreans studying abroad plunged by a third over eight years, official data showed Tuesday, apparently thanks to the nation's improved English education system.In 2014, 10,907 students from primary and secondary schools left the country to study abroad, down 12 percent from 12,374 the year before, according to the tally released by the Ministry of Education and the Korean Education Development Institute. It is about one-third the number of students in 2006, which peaked
Social AffairsNov. 17, 2015
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Mounting household debt poses major threat to Korea: former Moody's analyst
Mounting household debt in South Korea is a major risk factor that could undermine financial stability and economic growth of Asia's fourth-largest economy, but the country's fundamental soundness and pre-emptive measures could help resolve such problems, a former Moody's analyst said Tuesday."(A U.S. rate hike) will have effects on every economy in the world," Thomas Byrne, president of the New York-based non-profit Korea Society, said in a breakfast meeting in Seoul."I'm saying it is a great c
Nov. 17, 2015