The Korea Herald

Prosecutors suspend execution of CJ chief's jail term

Prosecutors said Friday they have accepted a request from the chairman of the food and entertainment conglomerate CJ Group to suspend the execution of his 30-month jail term for hospital treatment.The Seoul Central District Prosecutors' Office decided to suspend the sentence for Lee Jay-hyun for three months.The custody of Lee, who is currently in a hospital, was suspended several times due to his illnesses. The prosecution's announcement came a few days after the ailing chairman, convicted of e

Industry July 22, 2016

Prosecutors suspend execution of CJ chief's jail term

PM stresses importance of extra budget on nat'l economy

Prime Minister Hwang Kyo-ahn on Friday urged the government to beef up efforts in promoting the importance of the extra budget that will be sent to parliament for passage next month, adding it will play a key role in revitalizing the national economy."I would like to ask related organizations including the financial ministry to highlight the importance of the extra budget, so it can be passed by the National Assembly in a timely manner," Hwang said during a Cabinet meeting. "The extra budget is

July 22, 2016

PM stresses importance of extra budget on nat'l economy

Korean finance minister to attend G-20 meeting in China

South Korea's finance minister will attend the Group of 20 meeting for top economic policymakers in China later this week to discuss global policy coordination amid increased market volatility and toughened economic conditions sparked by the British vote to exit the European Union, the finance ministry said Friday.Finance Minister Yoo Il-ho, who doubles as the deputy prime minister for economic affairs, will attend the G-20 Finance Ministers and Central Bank Governors meeting to be held in Cheng

July 22, 2016

Korean finance minister to attend G-20 meeting in China

N. Korea's Air Koryo airplane makes emergency landing in China due

An airplane of North Korea's flag carrier Air Koryo made an emergency landing in the Chinese city of Shenyang on Friday due to fire, a Chinese report said.The flight en route from Pyongyang to Beijing "made a forced landing in China's northeastern city of Shenyang because the plane caught fire," said Xinhua News Agency, citing a passenger on board.Referring to flight tracking websites, Japan's Kyodo News later added that the Tupolev Tu-204 plane "diverted shortly after crossing over the border b

North Korea July 22, 2016

Gov't bolsters countermeasures to deter N.K. cyberattacks

South Korea is beefing up its governmentwide countermeasures to prevent possible cyberattacks by North Korea, officials said Friday.The Ministry of Science, ICT and Future Planning said the number of cyberattacks by North Korea more than doubled in the first half of this year. The cyberattacks "are judged as a part of North Korean provocations to trigger public anxiety" in South Korea, the ministry said. Last month, South Korean police said North Korea hacked into more than 140,000 computers at

North Korea July 22, 2016

아내 성폭행한 40년지기 친구 ‘청탁살인’한 사연

어릴 적부터 친구이자 사업동업자 사이었던 조병권 씨(56)와 이연우 씨의 30년 우정은 악연으로 끝났다.　　지난 20일 미국 LA타임즈는 로스엔젤레스에 거주하는 한인 조 씨가 친구 이 씨의 살인범으로 법정에 선 사건을 심층 보도했다. 　 Photo creds: Gary Coronado (LA Times)　피의자 조 씨는 5년전인 2011년 1월, 미국으로 찾아온 친구 이 씨를 총으로 쏴 살인한 혐의를 받고 있다. 　　조 씨는 당시 이 씨가 한국에서 벌였던 모텔 사업이 실패하자 자살 보험금을 타고 싶어했지만 자살로써 가족을 힘들게 하기 싫어 “대신 죽여달라”며 부탁해 왔다고 증언했다.　　이 씨는 실제로 2009년 5억6천7백만원 상당의 생명보험에 가입했었다. 부탁을 들어주지 않으면 어떻게든 미국에서 강제추방 당하게 하겠다고 협박을 받았다고도 말했다.　　조 씨는 이 씨가 직접 죽을 장소와 총을 계획했다고 증언했다. 　　그는 마지막 순간까지 이 씨의 마음을 돌리려 했지만 “이 씨가 부인과

한국어판 July 22, 2016

Seoul stocks down for 4th day on profit-taking

South Korean stocks fell slightly on Friday, sliding for a fourth consecutive session as investors sought to cash in on last week's surge and the European Central Bank did not roll out much-awaited boosting measures. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 1.88 points, or 0.09 percent, to close at 2,010.34. Trade volume was light at 316 million shares worth 3.69 trillion won ($3.25 billion), with gainers outnumbering losers 413 to 366.Fol

July 22, 2016

Seoul stocks down for 4th day on profit-taking

Gov't bolsters countermeasures to deter N.K. cyberattacks

South Korea is beefing up its governmentwide countermeasures to prevent possible cyberattacks by North Korea, officials said Friday.The Ministry of Science, ICT and Future Planning said the number of cyberattacks by North Korea more than doubled in the first half of this year. The cyberattacks "are judged as a part of North Korean provocations to trigger public anxiety" in South Korea, the ministry said. Last month, South Korean police said North Korea hacked into more than 140,000 computers at

North Korea July 22, 2016

Korea outlines 11 tln won extra budget plan to prop up economy

South Korea on Friday outlined an 11 trillion won ($9.64 billion) extra budget plan designed to prop up its economy facing sluggish exports and a possible fallout from corporate restructuring in key industries.It is part of the government's 28 trillion won economic stimulus package aimed at helping Asia's fourth-largest economy achieve 2.8 percent growth this year, which was downgraded last month from an earlier 3.1 percent.Passed by the Cabinet, the supplementary budget will be submitted to the

July 22, 2016

Korea outlines 11 tln won extra budget plan to prop up economy

Galaxy Note 7 focused on cost cutting: analysts

The latest version of Samsung Electronics Co.'s Galaxy Note smartphone appears to focus on saving costs, rather than delivering cutting-edge functions, industry sources said Friday. The Galaxy Note 7 smartphone, which is expected to be released on Aug. 2 in New York, is likely to show similar features with the Galaxy Note 5 in terms of its design and functions, according to the industry sources.Although the camera and battery life of the Galaxy Note 7 are likely to be better than its predecessor

Technology July 22, 2016

Galaxy Note 7 focused on cost cutting: analysts

Opposition seeks to punish defamation of democracy movement

South Korea's opposition parties on Friday vowed to revise the existing law on honoring the symbolic May 18 movement, adding that any attempt to defame its spirit should be punished.The move, if made into law, would make it illegal to use newspapers, TV broadcasts or any other form of publication to distort or defame the democracy movement. Those found guilty of breaking the rules could face fines of under 50 million won ($44,000) and a jail term of less than five years.On May 18, 1980, more tha

Politics July 22, 2016

Hyundai Steel Q2 earnings spike 26.5%

South Korea's second-largest steelmaker Hyundai Steel Co. said Friday that its net profit jumped over 26 percent from a year earlier in the second quarter on increased sales.Net income came to 254.6 billion won ($224.26 million) in the three months ending June 30, the company said in a regulatory filing.From the previous quarter, the second-quarter figure marks a 60.5 percent surge.Sales gained 5.8 percent on-year to some 4.22 trillion won.The company attributed the sales increase to a rise in t

July 22, 2016

Trump vows to renegotiate FTA with Korea

U.S. Republican presidential nominee Donald Trump denounced the free trade pact with South Korea as a "job killing" deal Thursday, pledging to totally renegotiate what he called "horrible" trade agreements.It was not the first time Trump has voiced criticism of the Korea-U.S. trade agreement, but Thursday's remark carried greater weight as it came in his first speech since formally winning the nomination at the national convention under way in Cleveland.In a nationally televised nomination accep

International July 22, 2016

Trump vows to renegotiate FTA with Korea

Reactor at nuclear power plant in S. Korea stops operations

A nuclear reactor at South Korea's power plant stopped operations Friday due to malfunctions in its safety-related system, plant operators said.The reactor at the plant located in Wolseong, about 400 km southeast of Seoul, came to a halt at around 11:24 a.m. according to the Korea Hydro and Nuclear Power Co. No radiation leaks have been reported. The operator said that it is currently working on finding the exact cause of the shutdown. (Yonhap)

Social Affairs July 22, 2016

N. Korea's economy shrank 1.1% in 2015: BOK

North Korea's economy is estimated to have contracted 1.1 percent last year amid negative growth in most industries, South Korea's central bank announced Friday.The Bank of Korea has issued an annual report on the estimated gross domestic product of one of the world's most secretive nations.It said the communist country's GDP shrank 1.1 percent in 2015 from a year earlier, the first negative growth since 2010.The bank cited a drop in crop and mining output by 0.8 percent and 2.6 percent, respect

North Korea July 22, 2016

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