Most Popular
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AI textbook bubble could burst, expert warns
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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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North Korean trash balloons cross border day after Seoul military parade
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Prosecution closes 'Dior bag' case amid opposition uproar
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Ex-presidential official’s leaked phone call rattles conservative bloc
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Man escapes DUI charges by downing bottle of soju while pulled over
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Court confirms sentence for rapper who attempted to evade national service
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N. Korea may revoke 1991 Inter-Korean Basic Agreement in parliament: Seoul
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Pay debate plagues foreign nanny pilot
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State pension's exposure to top conglomerates excessive
South Korea's state pension fund has an overwhelming exposure to the country's top four conglomerates, data showed Wednesday, raising urgency for the fund to diversify its investment portfolio.The National Pension Service, the country's top institutional investor, allocated some 74 percent of its stock investment to the country's top four conglomerates -- Samsung Group, Hyundai Group, SK Group and LG Group, according to the data compiled by CEO Score.As of end-September, the NPS has 52 trillion
Social AffairsOct. 14, 2015
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Global tech fair kicks off in S. Korea
A global tech trade fair opened Wednesday, drawing various industry players from home and abroad seeking to show off their latest technologies, organizers said.The Korea Electronics Grand Fair 2015 will run through Saturday, where around 800 firms from 23 countries are participating, according to the organizers. The number of overseas buyers at the annual event is estimated at 3,000, who are expected to clinch around $1.8 billion worth of deals.South Korea's leading tech giants Samsung Electroni
TechnologyOct. 14, 2015
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S. Korea's jobless rate dips to 3.2 pct in September
South Korea's jobless rate fell in September as more people were hired in the manufacturing, business support services and hospitality sectors, a government report showed Wednesday.According to the report by Statistics Korea, the jobless rate stood at 3.2 percent last month, down from 3.4 percent in August.The number remained unchanged from a year earlier.The seasonally adjusted jobless rate for September was 3.5 percent, also down from the 3.6 percent tallied for the previous month."Manufacturi
Oct. 14, 2015
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Park arrives in U.S. for talks with Obama on alliance, N. Korea
President Park Geun-hye arrived in Washington on Tuesday for talks with U.S. President Barack Obama on how to further boost their countries' bilateral alliance and deal with North Korea's possible provocations. She was greeted by three U.S. officials, including National Security Council Senior Director for Asian Affairs Daniel Kritenbrink, at a welcoming ceremony at the Andrews Air Force Base before heading to the Blair House, a state guesthouse near the White House.Park is set to hold summit ta
Foreign AffairsOct. 14, 2015
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U.N. members push for new resolution calling for N. Koreas's referral to ICC: sources
South Korea, the United States and their like-minded partners have begun drafting a new U.N. resolution calling for referring the highest official responsible for North Korea's human rights violations to the International Criminal Court, a high-level diplomatic source said Tuesday.The move comes after the U.N. General Assembly adopted a landmark resolution last year that calls for the U.N. Security Council to refer North's human rights abuses to the ICC. The resolution led to the Security Counci
North KoreaOct. 14, 2015
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Korean-American Harvard student challenges Trump
A Korean-American Harvard University student said Tuesday he challenged Republican presidential front-runner Donald Trump because he wanted to make it known that Trump has made wrong accusations about defense relations between South Korea and the United States."People tend to believe what influential people like Trump say even if they make wrong claims. I just wanted to make it known that (Trump's claims) are wrong," said Joseph Choi, 20, a Harvard University student majoring in economics, told
InternationalOct. 14, 2015
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More than 8 in 10 Americans view relations with S. Korea as important: survey
More than eight in 10 Americans say relations with South Korea are important while American support for the use of U.S. armed forces to defend the Asian ally stands at an all-time high, an opinion poll showed Tuesday.The Chicago Council on Global Affairs released the survey results ahead of South Korean President Park Geun-hye's visit to Washington this week. Park is scheduled to hold talks with President Barack Obama at the White House on Friday."As President Park Geun-hye visits the United Sta
Foreign AffairsOct. 14, 2015
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Missile exploded by cockpit, broke off front
THE HAGUE, Netherlands (AP) _ The latest news on the report into the crash of Malaysia Airlines flight 17 in eastern Ukraine last year. All times local.1:45 p.m.The official Dutch Safety Board report on the downing of Malaysia Airlines flight 17 says a missile exploded less than one meter (3.3 feet) outside the cockpit, killing three crewmembers inside and breaking off the forward section of the plane. Safety Board chairman Tjibbe Joustra said the 15-month the investigation found the warhead was
World NewsOct. 13, 2015
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3 in 10 job seekers distressed by appearance: survey
Three out of 10 job seekers in South Korea think their appearance hurts their job prospects, with women being more conscious about it than men, a survey showed Tuesday. According to a multiple-choice survey of 872 job seekers by job search engine Saramin, 31.5 percent of respondents said that they have felt disadvantaged due to their looks while seeking a job. (Yonhap)The survey suggested that Korean women (38.4 percent) were more prone to feel frustrated by this than men (26.4 percent). Those
Social AffairsOct. 13, 2015
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KAI’s major projects in hot water
Korea Aerospace Industries, the country’s sole aircraft manufacturer, is struggling as recent audits have put the brakes on its major chopper and fighter jet projects.The latest controversy sparked Monday after an audit report noted that KAI collected at least 54.7 billion won ($47.9 million) in unjust profits while manufacturing a new fleet of indigenously produced light helicopter Surion for the country’s military. The Board of Audit and Inspection said that KAI falsified development costs to
IndustryOct. 13, 2015
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Bespoke Bentely for Korea
Bentley Motors design head Lee Sang-yup (left) and head of technical operations Uday Senapati pose in front of the British carmaker’s limited edition of the Flying Spur W12, which was inspired by the beauty of Korean ceramics and black suits. Lee said that the highest-end bespoke vehicle was infused with Korean duality. Only two units -- one in ink color and the other in white -- are available for purchase here.Bentley Motors Korea
MobilityOct. 13, 2015
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[Newsmaker] Poverty expert Deaton wins Noble Prize
Angus Deaton, a British-U.S. professor at Princeton University, won the Nobel Economics Prize Monday for groundbreaking work on poverty and promptly warned that inequality is becoming a serious global threat.The 69-year-old academic, who has spent more than 30 years in the United States, was honored for using household surveys to show how consumers, particularly the poor, decide what to buy and how policymakers can help them. India, one of the fastest growing economies in the world, is a key are
World NewsOct. 13, 2015
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Korea’s FEZs appeal to investors as gateway to China
Korea’s eight free economic zones nationwide, including Incheon FEZ and Saemangeum-Gunsan FEZ, are paying close attention to the National Assembly this month, with lawmakers starting discussions on the ratification of a free trade agreement with China, signed by the two governments in June.FEZs, specialized areas designed to encourage foreign investors, have long waited for the launch of the Korea-China FTA since the two nations started talks back in 2012, hoping the trade pact with the world’s
Oct. 13, 2015
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Songdo benchmarked around the world
The creation of the Incheon Free Economic Zone in 2003 raised a few eyebrows, but after 12 years it has become a benchmark model around the world. According to IFEZ authorities, the development of the zone in Songdo, Incheon, has become an export item itself.From the development project of the knowledge-based city in Yachay, Ecuador, to similar cities in Indonesia, Vietnam, Columbia and others, know-how on development and management of a “Ubiquitous City,” such as Songdo, has been exported to th
IndustryOct. 13, 2015
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Korea-China FTA industrial complex to boost free trade effect
Aiming to boost the Korea-China free trade agreement’s effects, the Trade Ministry has announced that industrial complexes that will oversee development, investment attraction and management will be established. The 4.5 square-kilometer space inside the Saemangeum-Gunsan Free Economic Zone of North Jeolla Province was selected as the first location for the Korea-China FTA Industrial Complex in June. The SGFEZ is already scheduled to host 81 companies once it gradually opens from 2017. Japanese c
IndustryOct. 13, 2015
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Mokpo English Village to host English contest
Mokpo English Village in Mokpo, South Jeolla Province, is hosting an English contest this Saturday bringing together elementary school students to boast their linguistic skills.The event, to be held Saturday, will start with a quiz for students from fourth to sixth grades in elementary schools to be followed by a speaking contest.The quiz will cover trivia, science and arts to be conducted in English. The winner will receive an award given by Mokpo’s education superintendent. Participants in the
NationalOct. 13, 2015
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Park seeks fresh momentum on Pyongyang, alliance
WASHINGTON -- President Park Geun-hye kicked off her official four-day visit to Washington on Tuesday to seek fresh momentum in reinforcing the alliance with the U.S., and bringing the focus back on North Korea’s nuclear ambition. Expectations are high for the South Korean leader as her trip to Washington comes at a critical juncture in dealing with North Korea amid looming provocations from the North, such as a long-range missile launch, and subtle tensions following Seoul’s closer relations wi
NationalOct. 13, 2015
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61 isolated after last MERS patient rediagnosed
A total of 61 people have been isolated after South Korea’s last Middle East respiratory syndrome patient, who had been recovering from the disease after being released Oct. 3, was rehospitalized Sunday and tested positive again for the virus, according to the Health Ministry. The quarantined individuals include the patient’s family members, hospital inpatients and their guardians and medical professionals. However, the chance of them being infected by the virus from the particular patient is “v
Social AffairsOct. 13, 2015
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[Herald Interview] Royston Tan hopes to capture fading Singaporean moments
Singaporean director Royston Tan is known for several signature touches in his films, two of which are his love for items from the past and his use of color and music. For Tan, these touches serve as tools that help to preserve snapshots of Singaporean history.“In Singapore, we are changing too quickly,” Tan told The Korea Herald at the Busan International Film Festival, where his latest film “3688” made its international premiere.“Every 20 years, there’s a big, major change in our society. Ever
FilmOct. 13, 2015