Most Popular
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AI textbook bubble could burst, expert warns
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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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Prosecution closes 'Dior bag' case amid opposition uproar
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North Korean trash balloons cross border day after Seoul military parade
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SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
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Court confirms sentence for rapper who attempted to evade national service
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[Photo News] Armed Forces Day
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N. Korea may revoke 1991 Inter-Korean Basic Agreement in parliament: Seoul
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Korea’s corporate tax posts above OECD average
A report from the National Assembly Budget Office is expected to rekindle the debate on revision of the corporate tax rate, with critics continuing to push for a hike to improve fiscal soundness.Justifying the current level, the parliamentary office ― citing data from the Organization for Economic Development and Cooperation ― said Korea’s corporate taxes are above the average of the 34 OECD member nations.“Korea’s corporate taxes amounted to 3.4 percent of its gross domestic product in 2013,” s
Nov. 10, 2015
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[Design Forum] ‘Tech gives consumers control in branding’
With the change of time and technology come new challenges for companies in running their businesses. Design gurus said companies should adapt to fast-changing business environments by building their own identity through design.“We have now arrived in the digital age, which poses a challenge against building a brand,” said Bob van der Lee, president of Amsterdam-headquartered branding agency Total Identity, in a speech at the fifth Herald Design Forum in Seoul on Tuesday. Bob van der Lee (Park H
TechnologyNov. 10, 2015
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Japan’s national debt to exceed 1,000tr yen
TOKYO – The Japanese government’s debt is expected to reach just over 1,167 trillion yen ($9.469 trillion) in the 2015 fiscal year, according to data released by Japan’s finance ministry on Tuesday.This translates to about 8.3 million yen per Japanese citizen. The ministry said overall public debt is likely to reach the projected amount despite a reduction of almost 3 trillion yen during the June to September period. The 2015 fiscal year in Japan lasts from April 1 this year to March 31, 2016.Th
World NewsNov. 10, 2015
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[Design Forum] The future that 3-D printing will bring about
Imagine a world where anyone can print out all their travel necessities with just a few digital files, making packing luggage obsolete. Digital sculpting visionary Janne Kyttanen shook up all that we know about the world of 3-D printing as one of the distinguished speakers at this year’s Herald Design Forum, held at the Grand Hyatt Seoul on Tuesday. “What if we could make anything we needed at home and recycle all our creations into something new? What if inventory was obsolete? Could transporta
Life&CultureNov. 10, 2015
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Hyundai Motor heir Chung raises his stake in company
Hyundai Motor vice chairman Chung Eui-sun spent 300 billion won ($259.3 million) to purchase 1.84 million shares, or 0.84 percent, in the nation’s top automaker from Hyundai Samho Heavy Industries, company officials said Tuesday. Chung Eui-sun (The Korea Herald)In its regulatory filing, the carmaker said Chung, the only son of group chairman Chung Mong-koo, bought the shares at 162,500 won apiece during after-hour trading. Market analysts said the junior Chung’s move is seen as an aim to tighte
IndustryNov. 10, 2015
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Pope presses reform agenda amid new Vatican
Pope Francis is insisting that the Catholic Church shun all temptations of power, prestige and money as he presses his reform agenda amid new scandal in the Vatican.Francis outlined his vision of the church on Tuesday in a lengthy speech to Italian bishops gathered in Florence. He told them he wanted a church that was humble and poor, not obsessed with doctrine or acquiring power.He said: "May God protect the Italian church from every substitute of power, image and money."He said Christians shou
World NewsNov. 10, 2015
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Afghan spy agency frees 8 kidnap victims
Afghanistan's spy agency says it has freed eight people who were among a large group of ethnic minority Hazaras kidnapped earlier this year.The National Directorate of Security said in a statement that five men, two women and a teenager were freed in Ghazni province on Tuesday.It was not clear if they were among 31 Hazaras abducted from a bus in Ghazni in March, all of whom were believed to be men.Senior government officials have said that the Islamic State group was behind the abductions. The N
World NewsNov. 10, 2015
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Park cheers for college aspirants ahead of crucial college entrance exams
President Park Geun-hye on Tuesday cheered for those who are set to take crucial college entrance exams later this week."You are the pillars of the Republic of Korea who will lead the era of unification," Park said in a message posted on her Facebook page, referring to South Korea's official name.Park also voiced hope that "your dreams and hopes will be realized."The brief message came two days before more than 630,000 college aspirants take the one-day college entrance exams across the country.
PoliticsNov. 10, 2015
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Condolence provides political opportunity
While grieving for the loss of loved ones, mourners in Korea usually stay up all night in funeral halls to support the bereaved families. Drinking beer and soju, the guests console the family members during the three-day funeral period, sharing a common human bond during tough times.For politicians in Korea, this tradition often serves as not just a somber chance to pay condolences but also as an opportunity to gather, recollect forces and even strategize against political foes.Taking their armo
PoliticsNov. 10, 2015
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Bad history teaching threatens children’s souls: Park
President Park Geun-hye on Tuesday spoke up about her administration’s controversial reintroduction of state history textbooks, saying inaction threatened the “souls” of young Koreans.“One would have no soul without knowing the history of one’s country, and learning it in a wrong way would turn one’s soul into an abnormal one,” she said at a Cabinet meeting. President Park Geun-hye speaks during a Cabinet meeting, Tuesday. (Yonhap)Park urged the National Institute of Korean History in charge of
PoliticsNov. 10, 2015
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Korea, Japan to hold talks over sex slavery
Officials of Seoul and Tokyo will resume their negotiations over Japan’s colonial-era sexual enslavement of Korean women on Wednesday, the first to be held after their leaders agreed to speed up the talks during a summit last week.Observers say that this round of talks led by directors general of each side would be a touchstone for the neighbors’ will to settle the long-festering issue within this year. They have held talks since April 2014, but no significant progress has been made.Park Ok-seon
Foreign AffairsNov. 10, 2015
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[Newsmaker] Myanmar vote gives hopes of ending sanctions
The United States on Monday welcomed Myanmar's election as a victory for the people, and the vote appeared to raise prospects of a further lifting of U.S. sanctions - provided the military accepts the results.While highlighting encouraging signs from Sunday's poll, Washington remained cautious and said it would watch for the democratic process to move forward before lifting more sanctions, which still target more than 100 individuals and businesses and limit U.S. investment in Myanmar.The ruling
World NewsNov. 10, 2015
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[Design Forum] Forum stresses design’s power to solve global problems
World-renowned designers, artists, architects, brand marketers and tech entrepreneurs gathered at the Herald Design Forum to explore and share their insights on the future of design in a variety of fields in Seoul on Tuesday.Herald Corp. Chairman Jungwook Hong addresses the audience during the opening ceremony of theHerald Design Forum 2015 at the Grand Hyatt Seoul on Tuesday. (Ahn Hoon/The Korea Herald)In his opening speech, Chairman Jungwook Hong of Herald Corp., the forum’s organizer, said de
Life&CultureNov. 10, 2015
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Iceland president receives honorary doctorate from Kookmin University
Iceland President Olafur Ragnar Grimsson received an honorary doctorate from Kookmin University on Monday during his visit to South Korea this week.“We highly praise President Grimsson’s accomplishments as a politician and in preserving the global environment and contributing to international peace, and therefore decided to give him the honorary doctorate degree on the occasion of his first visit,” said Kookmin University President Yu Ji-soo. Grimsson also delivered a special lecture for the uni
Social AffairsNov. 10, 2015
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Korea seizes ex-president’s assets in U.S.
The Justice Ministry said Tuesday that the U.S. government finalized the transfer of former South Korean president Chun Doo-hwan’s laundered money in the country to South Korea. The U.S. Justice Department returned $1.12 million in U.S. assets belonging to Chun’s family to the Korean government in the first such case as part of the Korean authorities’ drive to collect unpaid fines from the 84-year-old former dictator.Justice Minister Kim Hyun-woong confirmed the agreement with his U.S. counterpa
Social AffairsNov. 10, 2015
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[Design Forum] ‘Design inspires people to dream bigger’
Design should be “meaningful, impactful and inspiring,” since it is at the center of every business decision and decides the fate of a company.That is the belief of Randi Zuckerberg, founder and CEO of Zuckerberg Media and social media pioneer.Participating in the 5th Herald Design Forum held at Grand Hyatt Seoul on Tuesday, the Zuckerberg Media CEO shed light on the importance of design in running businesses. Randi Zuckerberg, founder and CEO of Zuckerberg Media and social media pioneer, delive
TechnologyNov. 10, 2015
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Hyundai Motor unveils first Genesis model
Artist`s rendering image of the Genesis EQ900Hyundai Motor on Tuesday unveiled the EQ900, the first flagship sedan under its newly launched luxury brand “Genesis.”It is expected to help Korea’s largest carmaker spearhead into the global luxury segment -- a relatively new territory for it -- and comes less than a week after Hyundai Motor Group vice chairman Chung Eui-sun on Nov. 4 declared the launch of the brand to compete against powerhouses such as BMW and Audi. “We declare the launch of new
MobilityNov. 10, 2015
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[SUPER RICH] Shinsegae chairwoman caught with borrowed-name stocks again
Shinsegae chairwoman Lee Myung-hee Shinsegae vice chairman Chung Yong-jinShinsegae Group, the country’s second-largest retailer, declared Friday its founder and chairwoman Lee Myung-hee owned 380,000 company shares worth around 80 billion won ($69 million) under borrowed names and that she would convert them to her own name on the day. The problematic stocks were 258,449 shares of large discount store chain E-mart, 91,296 shares of Shinsegae and 29,938 shares of Shinsegae Food, which were techn
IndustryNov. 10, 2015
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[Design Forum] Hub for all things innovation and design
Around 1,000 design innovation enthusiasts flocked to the Grand Hyatt Seoul on Tuesday for the launch of this year’s Herald Design Forum. Under the theme of “Design Platform Creates Value Through Integration,” the fifth annual design forum sought to expand the realm of creative ingenuity in hopes of sparking a brighter future of innovation and outside-the-box thinking.The forum featured lectures by 11 pioneers in the fields of design and technology, including Randi Zuckerberg, founder of Zuckerb
Life&CultureNov. 10, 2015
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Health Ministry to air graphic antismoking TV ads
South Korea’s Health Ministry plans to broadcast a more “explicit” antismoking TV commercial starting next week, replacing the current one featuring ballet dancers expressing the agony of smoking’s side effects through dance movements. The new commercial, currently in production, is aimed to curb smoking among Koreans more effectively, using a combination of possibly disturbing images and messages, said Choi Shin-gwang from the Health Ministry. “We’ve been told that the current commercial with
Social AffairsNov. 10, 2015