Most Popular
-
1
Ex-presidential official’s leaked phone call rattles conservative bloc
-
2
Man escapes DUI charges by downing bottle of soju while pulled over
-
3
Pay debate plagues foreign nanny pilot
-
4
K-pop star lip-syncing controversy flares up again
-
5
35% of S. Koreans view unification 'unnecessary'
-
6
Pianist Lim Yunchan double winner at Gramophone Awards
-
7
Slew of top K-pop stars ready to return from military
-
8
[Reporter’s Notebook] Was Netflix film opening BIFF really a bad thing?
-
9
S. Korea, US clinch 2026-30 defense cost-sharing deal in pre-election push
-
10
N. Korean leader's sister derides Seoul's Hyunmoo-5 missile as 'useless'
-
[Editorial] Unified stance
Speaking at a workshop for ruling party lawmakers Tuesday, Unification Minister Hong Yong-pyo said the “biggest strength” that led to the inter-Korean breakthrough reached earlier in the day was that “the (South Korean) people stayed together.” Hong, who attended days of intensive high-level talks between the two Koreas, said he responded to the North’s elusive and unreasonable attitude by saying “the people are watching” during the course of negotiations. He had good reason to say so. The South
EditorialAug. 26, 2015
-
[Editorial] Elderly abuse
The main opposition New Politics Alliance for Democracy is pushing to enact a law designed to force people to take more responsibility in taking care of their elderly parents. The envisioned act would allow elders to take back assets given to children who neglect their caregiving obligations. Under the current law, it is impossible for parents to revoke asset transfers to their children unless such obligations are specified in the form of a contract. NPAD lawmakers are also pushing ahead with th
EditorialAug. 26, 2015
-
[Howard Davies] Open discussion at central banks should be welcomed
In 1993, the economists Alberto Alesina and Larry Summers published a seminal paper that argued that central bank independence keeps inflation in check, with no adverse consequences for economic performance. Since then, countries around the world have made their central banks independent. None has reversed course, and any hint that governments might reassert political control over interest rates, as happened recently in India, are met with alarm in financial markets and outrage among economists.
ViewpointsAug. 26, 2015
-
[Kim Ji-hyun] Japanese media’s Korea-bashing
A situation I encountered recently on Japanese television was quite baffling. I was flipping through channels when a familiar logo caught my eye: Samsung’s blue oval. I was curious, so I decided to watch TV Tokyo. And was I in for a big surprise. I had stumbled upon a five-part documentary about how utterly backward Korea was, in particular, Korean firms and the economy. The broadcaster had managed to get their hands on tapes of Samsung shareholder meetings. The part I caught was about Samsung’
ViewpointsAug. 26, 2015
-
Busan film fest vows to move forward despite setbacks
The nation’s largest and most internationally recognized film festival became the center of controversy earlier this year, when the Korean Film Council announced that it would be cutting its financial support by nearly half compared to 2014. Despite fears that the festival would have to be canceled or downsized, the Busan International Film Festival was able to secure enough funds to hold the event for a 20th year, according to festival directors at a press conference at the Koreana Hotel on Tue
FilmAug. 26, 2015
-
Common Ground achieves W10b profits
“Common Ground,” a niche shopping mall in Seoul, has achieved profits of 10 billion won ($8.4 million), company officials said.Common Ground was launched in April by Kolon Industries. Kolon decided to set up its mall in disused shipping containers in order to shed light on dying commercial areas, as well as promote small and medium-sized brands.Common Ground established its identity by hosting unique, up-and-coming brands rather than the established names in retail found in most major shopping a
IndustryAug. 26, 2015
-
[Photo News] S-Oil honors firefighters' sacrifice
S-OIL HONORS FIREFIGHTERS` SACRIFICE -- S-Oil deputy CEO Kim Dong-cheoul (left) delivers 210 million won ($177,000) in scholarships to the children of firefighters who died while on duty in a ceremony held at the Yeongdeungpo Fire Station in Seoul on Wednesday. Since 2006, S-Oil has delivered 2.8 billion won in scholarships to 978 students as part of its efforts to support the families of deceased firefighters in South Korea. (S-Oil)
IndustryAug. 26, 2015
-
Kumho chief seeks to attract Chinese tourists to Korea
Kumho Asiana Group chairman Park Sam-koo is seeking to revive tourism to Korea during his visit to China this week in his capacity as head of the Visit Korea Committee.He attended a festival on a tourism exchange in Beijing on Tuesday and Wednesday to attract Chinese tourists to Korea, which is still recovering from the economic fallout of the Middle East respiratory syndrome outbreak in June.Committee officials said that Park had put much effort into attracting Chinese tourists to Korea despite
IndustryAug. 26, 2015
-
[Herald Interview] Organica, Starbucks look to popularize detox salads
Christine Cho (Lee Sang-sub/The Korea Herald)As a growing number of South Koreans look to healthier lifestyles and diets, Herald Corp.’s organic food developer Organica is looking to push the envelope in promoting health-conscious eating across the country. Organica -- best known for its organic, vegetable-based detox juices -- has teamed up with coffee chain Starbucks to introduce its “Cleanse Salads” to Koreans seeking a refreshing and healthy accompaniment to their drinks. “A cleansing, or de
IndustryAug. 26, 2015
-
Time travel to ancient kingdom of Baekje
IKSAN, North Jeolla Province -– A restoration project of the oldest stone pagoda in Korean history is underway at the site of Mireuksa Temple in Iksan, North Jeolla Province. A rhythmic, clear sound of carving stone echoes through the vast site. Inside a temporary tent, stonemasons crack and sculpt stones that will become the new columns for the six-story pagoda. The sound accompanies visitors everywhere in the new UNESCO’s World Heritage site, as no buildings block the sound’s spread. The east
TravelAug. 26, 2015
-
Run on clouds at Sheraton D Cube City Hotel
On the 28th floor of Sheraton Seoul D Cube City Hotel in Guro-gu, southwest Seoul, there is nothing much to see from the window of its fitness center but a panoramic view of the area that includes apartment complexes near Shindorim Station.But after a hearty meal at the hotel’s signature Feast buffet restaurant serving a variety of Asian cuisines ranging from Korean and Chinese to Japanese and Thai, visitors will feel the urge to burn some calories at its 24-hour gym.Once you press the start but
CultureAug. 26, 2015
-
KOSPI, won jump on China rate cut
South Korean stocks surged 2.57 percent on Wednesday, cheered by Beijing's surprise rate cut which helped reduce risk-averse sentiment in the financial market, analysts said. The local currency rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index soared 47.46 points to 1,894.09, moving higher for a second straight session. Trading volume was moderate at 445.6 million shares worth 6.8 trillion won ($5.7 billion), with gainers dwarfing decliners 741 to 100. (Yonhap)Wednesda
Aug. 26, 2015
-
S. Korea open to talks with N. Korea on sanctions
South Korea Wednesday left open the possibility of holding further talks with North Korea to discuss the lifting of sanctions on Pyongyang amid easing tensions between the two sides.Following weeks of military standoffs, the two Koreas struck a deal Tuesday to end the hostilities and work for better ties through a series of measures, including increased civilian exchanges between the sides. Jeong Joon-hee, spokesman of the Unification Ministry (Yonhap)Nearly all inter-Korean projects have been
North KoreaAug. 26, 2015
-
[Graphic News] Oil picks up after rout, but U.S. crude still below $40
Due to China’s economic shock, international oil prices have dipped to the lowest point in 6 1/2 years. In Monday’s trading on the New York Mercantile Exchange, crude oil for October delivery fell as low as $38.24 per barrel, down $2.21 (5.5 percent) from the previous day. Oil prices recovered some lost ground Tuesday after a sharp fall sparked by worries about the faltering economy in China, the world’s largest energy consumer.U.S. benchmark West Texas Intermediate (WTI) for October delivery ro
World NewsAug. 26, 2015
-
[팟캐스트](108) 남북, 긴장 완화 위해 노력 외 1건
진행자: 윤민식, Kevin Lee Selzer 1. 남북, 군사적 긴장상태 완화 위한 노력에 나서기사요약: 최근 북한의 포격 도발에 이은 남북간의 군사적 긴장상태가 이어졌으나 남북 고위급 회담이 25일 새벽에 극적으로 합의점에 도달하면서 일단락되었다. 이에 남북은 한반도의 긴장상태를 완화하기 위해 나섰다. 아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드):http://www.podbbang.com/ch/6638 Koreas set out to defuse military tension[1] Following a hard-fought breakthrough, the two Koreas began taking steps Tuesday to defuse tension on the peninsula, as the South halted anti-Pyong
PodcastAug. 26, 2015
-
FM Yun, Kerry to hold talks on N. Korea, alliance
Foreign Minister Yun Byung-se will hold talks with his U.S. counterpart, John Kerry, in Alaska at the end of this month to discuss security conditions on the Korean Peninsula following a landmark inter-Korean deal, an official said Wednesday.Yun and Kerry have agreed to meet each other on the sidelines of the two-day Conference on Global Leadership in the Arctic to open on Sunday in Anchorage, the Foreign Ministry official told reporters on the condition of anonymity. Foreign Minister Yun Byung-
Foreign AffairsAug. 26, 2015
-
China believes N. Korea's denuclearization possible: Chinese envoy
China believes that North Korea's denuclearization is possible through resuming the now-suspended six-party talks, China's top envoy to South Korea said Wednesday.The remarks were made during a closed-door meeting between Amb. Qiu Guohong and Rep. Moon Jae-in, chairman of the main opposition New Politics Alliance for Democracy, in Seoul, said the party's spokesman Kim Sung-soo.Guohong said that "China believes that quickly resuming the six-party talks will solve the North Korean nuclear issue an
North KoreaAug. 26, 2015
-
BOK policy board member urges more attention on job creation
A member of the Bank of Korea's rate-setting board on Wednesday stressed that the country's policymakers should give more weight to job creation, departing from their long-cherished mantra of bolstering growth in Asia's fourth-largest economy.The Korean economy has been grappling with a low growth trend in the face of a slowdown in the global economy and structural reforms being pushed at a snail's pace."I assume it will be very difficult to recover the high growth rates that were seen in the pa
Aug. 26, 2015
-
S. Korean millennials more risk-averse than older adults: poll
South Koreans in their 20s and 30s are financially more conservative than older adults as they suffer economic hardships due to a tight job market, a poll showed Wednesday.The survey of 1,500 people across the nation showed that those in that age group prefer safe assets like bank deposits or homes to stocks and other riskier investments, compared with older generations.Those millennials went to school in the midst of the painful 1997 Asian financial crisis and entered the labor market after the
Social AffairsAug. 26, 2015
-
Soldier wounded by S. Korean land mine in DMZ
One staff sergeant has sustained a leg injury after a South Korean land mine exploded in the southern side of the Demilitarized Zone, the Joint Chiefs of Staff said Wednesday.The mine exploded in the DMZ in the eastern border town of Yeoncheon, Gyeonggi Province, around noon on Sunday as the staff sergeant stepped on it while on a patrol mission with fellow soldiers, the JCS said, without disclosing the identity of the wounded soldier.He fractured his left heel, which requires two or three month
DefenseAug. 26, 2015