The Korea Herald

Japan bags 4th Asian Cup

DOHA (AP) ― Japan won the Asian Cup for a record fourth time when substitute striker Tadanari Lee struck in extra time for a 1-0 victory over Australia on Saturday.Lee slammed home a left-foot volley in the 109th when he was left completely unmarked 10 meters from Australia’s goal. Lee had all the time in the world to perfectly time his volley from a cross by defender Yuto Nagatoma and fire it pas

Soccer Jan. 30, 2011

[Editorial] Lessons from Japan

The decision by Standard & Poor’s to cut Japan’s sovereign credit rating by a notch to AA minus has again highlighted the fiscal mess that the Tokyo government has gotten itself into.Japan’s public debt is expected to hit 204 percent of GDP this year, the world’s highest ratio. The liabilities are forecast to surpass 1,000 trillion yen next year and, according to the International Monetary Fund, c

Editorial Jan. 30, 2011

PyeongChang still confident despite loss of Gov. Lee

The head of the PyeongChang bid committee has played down the impact of the Gangwon Province Governor Lee Kwang-jae’s departure on the city’s bid for the 2018 Winter Olympics. Lee lost his post last week after the Supreme Court upheld the lower court’s six-month suspended jail sentence and a fine of 114 million won ($102,000) for receiving illegal political funds. Cho Yang-ho, CEO of PyeongChang’s

More Sports Jan. 30, 2011

PyeongChang still confident despite loss of Gov. Lee

Court: Emanuel can run for Chicago mayor

CHICAGO (AP) ― Illinois’ highest court put President Barack Obama’s former White House chief of staff back in the race for Chicago mayor Thursday, three days after a lower court threw the name off the ballot because he had not lived in the city for a full year.The state Supreme Court ruled unanimously in Rahm Emanuel’s favor, saying an appeals court decision that said the candidate needed to be ph

World Jan. 28, 2011

Verizon buys cloud provider Terremark

Verizon Communications Inc., the second-largest U.S. phone carrier, has agreed to buy cloud-provider Terremark Worldwide Inc. for $1.4 billion as it expands services that allow corporate customers store data and programs offsite. The cash deal, which values Terremark at $19 a share, represents a 35 percent premium over the company’s closing share price. Verizon plans to complete its offer later th

Business Jan. 28, 2011

Events calender

Exhibition“Poem and Drawing”: Literary critic Kim Jae-hong and art critic Yun Beom-mo have organized a chance to see works by Korea’s best poets and artists together. This exhibition showcases poems by 74 Korean poets, accompanied by more than 80 artworks by 43 artists that serve as visual aids for the words. The participating poets include Ko Un, Kim Ji-ha, Kim Gwang-kyun and Kang Eun-gyo and art

Performance Jan. 28, 2011

Box office

Confessions (Japan) Opening Feb. 17Thriller. Directed by Tetsuya Nakashima. Middle school teacher Yoko (Takako Matsu), whose 4-year-old daughter has recently died, tells her class that she believes two of her own students murdered her beloved girl. Though the police have closed the case without pressing charges, Yoko announces that she will punish the two students herself. Yoko’s revenge then begi

Film Jan. 28, 2011

Korea aims to leave on high note

Park, Lee hint at retirement from national squadSouth Korean manager Cho Kwang-rae has stressed he is determined to keep his squad to playing their best football on Friday night against Uzbekistan, despite a heartbreaking loss to Japan only three days earlier in the Asian Cup semifinals.Cho was left crestfallen after watching his side lose 3-0 to its archrival in a penalty shootout, following a 2-

Soccer Jan. 27, 2011

Korea chases top-3 finish at Winter Asiad

Sandwiched by two traditional powers and an upstart nation poised to mount a challenge, South Korea will try to remain among the top three regional winter sports leaders at the upcoming Asian Winter Games.The seventh edition of the quadrennial winter sports competition will kick off on Sunday in Kazakhstan and run until Feb. 6. Astana and Almaty, the country’s two largest cities, will split the op

More Sports Jan. 27, 2011

Korea chases top-3 finish at Winter Asiad

Kim Byung-hyun joins Japan’s Rakuten

South Korean pitcher Kim Byung-hyun has signed with the Rakuten Golden Eagles in the top-flight Japanese professional baseball league, ending winter-long speculation about his playing future.The Nippon Professional Baseball club announced late Wednesday that Kim, a former Major League Baseball All-Star, has inked a one-year deal worth $400,690. The right-hander with a submarine delivery will compe

Baseball Jan. 26, 2011

Chung nominated K-League chairman

Chung Mong-gyu, chairman of South Korean construction firm Hyundai Development Co., was nominated Wednesday as the new chairman of the first-division football league in South Korea.If approved, Chung, 49, will replace Kwak Chung-hwan, who recently resigned as head of the K-League. The league will convene a general assembly Thursday to formally elect him.Chung also serves as the owner of Busan I’Pa

More Sports Jan. 26, 2011

Japan, Australia claw into final

South Korea clipped 3-0 on penaltiesDOHA (AP) ― Japan beat its fierce rival South Korea in a penalty shootout at the Asian Cup while Australia routed 10-man Uzbekistan 6-0, setting up a dream final between the region’s top two teams.The two games late Tuesday couldn’t have been more different. In a back-and-forth encounter, Japan came from a goal down to take the lead before South Korea equalized

Soccer Jan. 26, 2011

Uphill climb to glory

Pittsburgh Steelers embrace underdog status in Super BowlPITTSBURGH (AP) ― The mighty Pittsburgh Steelers, equipped with a record six Super Bowl titles, a 14-4 record, the No. 2 AFC seed and a veteran roster on the verge of three championships in the past six seasons, are underdogs for Super Bowl XLV.Really?Don’t worry. It’s not you. It doesn’t make much sense to the Steelers, either.But here Pitt

More Sports Jan. 25, 2011

Amgen’s Q4 profit tops $1 billion

Amgen Inc., the world’s largest biotechnology company, said fourth-quarter profit rose 9.8 percent on rising sales of its top two drugs, Neulasta and Enbrel, and lowered expenses for research and taxes. Net income rose to $1.02 billion, or $1.08 a share, from $931 million, or 92 cents a share, a year ago, the Thousand Oaks, California-based company said in a statement. Excluding certain costs, ear

Jan. 25, 2011

India’s central bank might raise rates

India’s central bank said reducing inflation is the “dominant” goal at the moment, signaling the possibility of an interest-rate increase on Tuesday. “The anti-inflationary focus of monetary policy would have to continue,” the Reserve Bank of India said in a report on Monday. “Since a lower inflation regime is essential for sustainable high growth, containing inflation becomes the dominant policy

Industry Jan. 25, 2011

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