[Newsmaker] [KH Explains] Are ex-bureaucrat execs a boon or bane for banks?

  The bid by a former head of the country’s top financial regulator for the chairmanship of Woori Financial Group has stoked controversy and rekindled concerns of bureaucratic involvement in the highly regulated banking industry. Lim Jong-ryong was chairman of the Financial Services Commission from 2015 to 2017 under the Park Geun-hye administration. He also served as chairman of NongHyup Financial Group from back in 2013 to 2015. On Wednesday, Woori Financial Group’s union held

IndustryJan. 26, 2023

[Newsmaker] No more 'Narco-Saints' busts as drugs trade goes digital

The Korea Herald is running a series of feature stories and interviews on the evolution and rise of drug crimes, insufficient support systems and young addicts’ stories in South Korea. This is the fourth installment. -- Ed. Former South Korean prosecutor Kim Hee-jun led a joint operation with the nation's spy agency for years in the late 2000s to capture a South Korean-Surinamese drug kingpin, serving as the basis for the popular Netflix series "Narco-Saints." Similar to t

Social AffairsJan. 25, 2023

[Newsmaker] Jealousy possible motive in Lunar New Year shooting

MONTEREY PARK, California -- Detectives probing why an elderly Asian immigrant shot dead 11 people as they celebrated Lunar New Year at a dance hall in California are examining whether jealousy or a personal dispute was behind the tragedy, a report said Monday. Huu Can Tran, 72, used a semiautomatic pistol in a rampage in the Los Angeles suburb of Monterey Park on Saturday night, killing men and women in their 50s, 60s and 70s. One person was shot in the parking lot. He then drove to another dan

World NewsJan. 24, 2023

[Newsmaker] Inha University student sentenced to 20 years prison for rape resulting in death

A court sentenced 20 years to the perpetrator charged with raping and causing the death of schoolmate at a university campus in July last year, Thursday. Instead of murder, a charge of "quasi-rape" resulting in death was applied, implying that the court judged that the perpetrator did not intentionally cause the victim’s death. Article 299 of the Criminal Act defines quasi-rape as sexual intercourse or an indecent act "by taking advantage of the other's condition of unconsci

Social AffairsJan. 20, 2023

[Newsmaker] Google Earth offers clear views of where Kim Jong-un works, lives

Commercial satellite imagery can clearly capture North Korean leader Kim Jong-un’s office, residence and other key facilities of Pyongyang, US state-owned broadcaster Voice of America reported Wednesday, as it released Google Earth images of those locations. Last month, North Korea disclosed photos of downtown Seoul including the area around President Yoon Suk Yeol’s office and the Incheon port, claiming they were taken by a prototype of its reconnaissance satellite under developme

North KoreaJan. 19, 2023

[Newsmaker] Yoon touts ties with Switzerland

ZURICH, Switzerland/DUBAI -- President Yoon Suk Yeol, who arrived in Switzerland on Tuesday evening, met with Koreans living in Zurich, vowing to make greater efforts for a new 60 years with Switzerland based on the trust and cooperation the two nations have built, before leaving for Davos. Upon arriving in the city, Yoon and first lady Kim had dinner with around 80 Korean residents in a hotel. An estimated 4,000 Koreans live in Switzerland. In an opening speech, Yoon said South Korea “sol

PoliticsJan. 18, 2023

[Newsmaker] ‘Swallow thumb drives if you get caught': Suspected NK spies reportedly under probe

South Korean authorities are investigating suspected operatives working for North Korea on Jeju Island and in Changwon, South Gyeongsang Province, who told each other to “swallow thumb drives” if they get caught, a vernacular newspaper reported Monday. The purported spies, mostly in their 50s and 60s, received orders from Kim Myong-song, an agent of the Cultural Exchange Bureau of the North’s Workers’ Party of Korea, to engage in anti-US campaigns, “infiltrate&rdquo

Social AffairsJan. 17, 2023

[Newsmaker] [Herald Interview] Hangeul as more than just a hobby: KSIF chief

The following series is part of The Korea Herald’s “Hello Hangeul” project of interviews, in-depth analyses, videos and various other forms of content that shed light on the stories of people who are learning the Korean language and the correlation between Korea’s soft power and the rise of the language within the league of world languages. – Ed. The ever-growing popularity of Korean content has sparked a boom in Korean language learning worldwide. Standing at the v

CultureJan. 16, 2023

[Newsmaker] [Hello Hangeul] 'Hangeul education is basic right for multicultural students'

Publicly offered Korean language education for children from immigrant and foreign families is necessary because they are entitled to learn the language as part of their human rights, said Seoul City's education chief, stressing the need to expand quality high-level classes currently limited to adults. “Students of multicultural backgrounds should be given a chance to learn the Korean language as a basic human right that they are entitled to,” said Cho Hee-yeon, superintendent

Social AffairsJan. 15, 2023

[Newsmaker] Stop-motion animation 'Mother Land' stays away from 3D effect for story about nature

“Mother Land,” South Korea’s first major stop-motion animated film in 45 years, did not use 3D effects in the film to better portray the mother nature story, the film’s director Park Jae-beom told reporters Tuesday. “When I first thought about the storyline of ‘Mother Land,’ it was obvious for me to turn it into a stop-motion animation. Not only because I’m a huge fan of stop-motion animation, but because I wanted to portray a story of mother natur

FilmJan. 13, 2023

[Newsmaker] Fallen ancient Buddha statue to be put upright by 2025

A 1,300-year-old rock-carved Buddha statue in Gyeongju’s Namsan, discovered with its face down a mere 5 centimeters away from a giant rock, is to be reerected, the Jogye Order of Korean Buddhism announced Wednesday. The Jogye Order announced the Maaebul restoration project during its New Year’s press conference held at the Korean Buddhism History and Culture Memorial Hall in Jongno, central Seoul, on Wednesday. "The Buddha (statue) spent a thousand years lying face down, to bear

CultureJan. 12, 2023

[Newsmaker] After 'giant' interest rate hikes, are savers better off?

When a small provincial branch of NongHyup Bank offered an online-exclusive installment savings plan with an annual interest of 8.2 percent in November last year, the news spread like wildfire among savvy savers. It sold like lottery tickets. Within hours, the bank sold 900 billion won ($707.8 million) of saving products, which was more than five times the size of the branch's total assets of 167 billion won. The problem was that the rural bank just wanted to attract just 10 billion won of fu

MarketJan. 11, 2023

[Newsmaker] South Korea’s most infamous serial killers

Recently, the possibility police discovered a new serial killer sent shock waves across South Korea. Lee Ki-young, who was arrested late last month for the murder of a taxi driver and his ex-girlfriend, will undergo an extensive investigation into additional DNA found inside his home. Looking back, South Korea’s history of serial killers is still considered for its hateful brutality and aggression. Here are three of Korea’s most notorious serial killers: 1. Lee Choon-jae, the &l

Social AffairsJan. 10, 2023

[Newsmaker] Is Kim Yo-jong a spare for Kim Jong-un?

To the North Korean leader Kim Jong-un, his younger sister Kim Yo-jong is a very special figure. Kim Yo-jong assists Kim Jong-un at close range for official events. She is intimately involved in important international affairs and wields great influence over the politburo. Is Kim Yo-jong a successor to Kim Jong-un? Or a top spare for the Kim dynasty? asked Yoshihiro Makino, a reporter and former Seoul bureau chief of the Asahi Shimbun, one of the four largest newspapers in Japan, in his recently

BooksJan. 9, 2023

[Newsmaker] [My Hangeul Story] Hollywood actor Thomas McDonell's accidental affair with Korean language

American actor Thomas McDonell, best known for his role as Finn Collins in the US television network CW’s post-apocalyptic series “The 100,” has a rather peculiar presence on Twitter. One day in 2017, he made his first tweet in Korean. At that time, he was into tweeting in various languages to reach out to people from all over the world who were looking at his profile. His tweets are usually simple expressions -- "I'm bored," "Is this for real?" -- in

Hello HangeulJan. 8, 2023

[Newsmaker] Culture Ministry prioritizes boosting content, tourism industries in 2023

  The Ministry of Culture, Sports and Tourism will focus on boosting South Korea’s content and tourism industries in 2023, it said on Thursday during a New Year’s policy briefing to President Yoon Suk Yeol. The ministry has set out a goal to achieve $22 billion in content exports by 2027, significantly up from $12.4 billion in 2021. The ministry will inject 790 billion won ($625 million) in policy funds to help boost content exports in 2023. For tourism, the ministry aims to inc

CultureJan. 6, 2023

[Newsmaker] [Herald Interview] ‘Why does no one ever apologize?’ cries family of tunnel fire victim

On Dec. 29, the life of 66-year-old Jeon ended abruptly by a fire that broke out inside a soundproof tunnel on a highway. He was one of the five who died in the deadly flame in Gwacheon, Gyeonggi Province, which left 41 others injured and 45 cars destroyed. In his last phone call alive, Jeon told wife it was chaos in the tunnel and that he couldn’t move the car nor open the car door. “There was an explosion in the tunnel. It’s filled with smoke and it’s all dark. &hellip

Social AffairsJan. 5, 2023

[Newsmaker] Goryeo relics found at Cheong Wa Dae

  A number of relics presumed to be from the Goryeo (918-1392) and Joseon (1392-1910) era, have been found in eight different locations within the Cheong Wa Dae grounds, according to the Cultural Heritage Administration on Tuesday. The CHA's Royal Palaces and Tombs Center unveiled the result of its four-month-long preliminary study of the site. Two associations, including the Korea Association for Architectural History, were commissioned to conduct the study, which took place Aug. 28 to Dec

CultureJan. 4, 2023

[Newsmaker] Rich enough to ‘flex’ but not enough to pay taxes, apparently

The South Korean national health insurance operator's list of heavy defaulters – those whose overdue premiums payments exceed 10 million won ($7,833) – includes self-styled “rich” rapper Dok2. He has failed to pay 16.6 million won from 2018 to 2019, it showed. The revelation came just a month after the National Tax Service made public the same rapper’s overdue balance of 320 million won in taxes. When this was disclosed, Dok2 posted promotional images of his

CultureJan. 3, 2023

[Newsmaker] Chip supremacy gives South Korea more geopolitical freedom: lawmaker

Rep. Yang Hyang-ja, a former executive at Samsung Electronics’ semiconductor business division, called securing a competitive edge in chips a “matter of life and death” amid the ever-evolving geopolitical landscape and an escalating US-China rivalry. “The winner of the global chip battle will control the economic security order, while the loser will end up becoming a technological colony,” Yang, who heads the ruling People Power Party’s special panel on chips,

EconomyJan. 2, 2023