The Korea Heald

    US ups pressure on NK in carrot and stick approach


    The US extended economic sanctions against North Korea for a year, while announcing additional suspension of South Korea-US joint military drills, in a move seen as tightening carrot-and-stick pressure on Pyongyang.  US President Donald Trump (Yonhap)US...

    The US extended economic sanctions against North Korea for a year, while announcing additional suspension of South Korea-US joint military drills, in a move seen as tightening carrot-and-stick pressure on Pyongyang.  US President Donald Trump (Yonhap)US President Donald Trump has renewed sanctions on North Korea for a year in an executive order Friday, citing an “extraordinary threat” from its nuclear weapons, just 10 days after saying there was no nuclear risk from Pyongyang.The US presidents h

    [IP in Korea] Fast-tracking process to protect Korea’s content business


    The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 18th installment. -- Ed. In an era where the cultural content industry has become a pivotal engine for growth, public awareness should...

    The Korea Herald is publishing a series of interviews with experts in the intellectual property sector. This is the 18th installment. -- Ed. In an era where the cultural content industry has become a pivotal engine for growth, public awareness should evolve accordingly to perceive copyright infringement of creative work as a serious hurdle to technological innovation and sustainable revenue, according to a cultural content policy expert here.“When it comes to copyright protection, South Korea is

    Woori Bank secures Korea‘s largest offshore branch network


    Woori Bank has acquired Cambodia’s microfinance institution VisionFund Cambodia, becoming a South Korean financial company with the largest offshore retail branch network. Through the acquisition, the Cambodian banking entity with $196 million net...

    Woori Bank has acquired Cambodia’s microfinance institution VisionFund Cambodia, becoming a South Korean financial company with the largest offshore retail branch network. Through the acquisition, the Cambodian banking entity with $196 million net worth as of end-2017 earned the new name of WB Finance, according to Woori Bank Sunday.  (Herald DB)The institution with 106 branches across the nation will play the role in microfinance deposit-taking, according to a Woori Bank spokesperson. As a resu

    Disgraced actor faces yet another sex attack accusation


    How bad exactly was the star of the film “Bad Guy” is the question brewing in Korean entertainment circles, as veteran actor Cho Jae-hyun is fighting yet another accusation of a sex attack on his co-worker.Last week, Cho broke his silence to...

    How bad exactly was the star of the film “Bad Guy” is the question brewing in Korean entertainment circles, as veteran actor Cho Jae-hyun is fighting yet another accusation of a sex attack on his co-worker.Last week, Cho broke his silence to repudiate claims by a Korean-Japanese actress that he had raped her in 2001 while shooting a TV drama. The veteran actor said that he is guilty of adultery claiming that he had a romantic relationship with the actress outside of his marriage 16 years ago and

    [Kosdaq Star] Genie Music garners investor attention on anticipated M&A


    This is the 57th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed. Genie Music Corporation, South Korea‘s second-largest music streaming and downloading platform operator by monthly active users, is...

    This is the 57th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed. Genie Music Corporation, South Korea‘s second-largest music streaming and downloading platform operator by monthly active users, is gaining investor attention on anticipation that it will shake up the local industry through a forthcoming acquisition deal. On Friday, Genie Music’s market cap in market‘s close came to 337.5 billion won ($303.4 million), the 153rd-largest among some 1,2

    Korea No. 1 worldwide in smartphone ownership, internet penetration


    South Korea ranks No. 1 worldwide in terms of smartphone ownership and internet usage, as nine in 10 Korean adults use the internet and own a smartphone, according to a new report released this month by the US-based Pew Research Center. The research...

    South Korea ranks No. 1 worldwide in terms of smartphone ownership and internet usage, as nine in 10 Korean adults use the internet and own a smartphone, according to a new report released this month by the US-based Pew Research Center. The research center conducted a survey on 40,448 respondents in 37 countries from Feb. 16 to May 8, 2017, on their internet and social media usage patterns as well as smartphone ownership. And in the survey, South Korea recorded the highest smartphone ownership r

    SK Holdings talks with mobility startups Grab, Turo, SoCar


    SK Holdings, the parent company of South Korea’s third-largest conglomerate SK Group, is moving to expand the scope of its global mobility business as it explores new potential partnerships and areas for cooperation with leading future mobility...

    SK Holdings, the parent company of South Korea’s third-largest conglomerate SK Group, is moving to expand the scope of its global mobility business as it explores new potential partnerships and areas for cooperation with leading future mobility startups worldwide.SK Holdings said Sunday that it hosted a workshop with Southeast Asia’s top ride-hailing giant Grab, US-based car-sharing service leader Turo and SoCar, Korea’s leading car-sharing firm, to discuss ways to forge synergies and partner fo

    Direct flight to link Incheon and Philippines' Palawan


    A direct flight between Korea’s Incheon Airport and Puerto Princesa Airport of Philippines’ Palawan launched on Saturday. Philippine Airlines will operate a 199-seater jet airliner Airbus A321 once a day. Incheon International Airport Corporation...

    A direct flight between Korea’s Incheon Airport and Puerto Princesa Airport of Philippines’ Palawan launched on Saturday. Philippine Airlines will operate a 199-seater jet airliner Airbus A321 once a day. Incheon International Airport Corporation expects the new route to attract a yearly passenger of 120,000 traveling from Incheon to Palawan. This is the first regular flight route to open in Korea to Palawan, an archipelagic province of the Philippines known for its pristine nature. El Nido Lago

    [World Cup] S. Korea's match pushes up sales at convenience stores


    Sales at local convenience stores rose sharply as South Korean fans enjoyed seeing their national football team play their second match at the ongoing Russia World Cup, retailers said Sunday.BGF Retail Co., the operator of CU, the country's largest...

    Sales at local convenience stores rose sharply as South Korean fans enjoyed seeing their national football team play their second match at the ongoing Russia World Cup, retailers said Sunday.BGF Retail Co., the operator of CU, the country's largest convenience store chain, said sales of major products at its stores from 6 p.m. Saturday to midnight more than doubled as South Korea took on Mexico in its second match of the 2018 FIFA World Cup. People clean up after watching South Korea`s Group F m

    [World Cup] Korean soccer fans ruefully reminisce 2002 glory after 2nd straight loss in World Cup


    Twitter in South Korea was inundated on Sunday with soccer fans ruefully commenting on the bygone glory of the 2002 World Cup, when the Korean national squad proudly made it to the semifinals. In this year’s Russia World Cup, Korea has already lost two...

    Twitter in South Korea was inundated on Sunday with soccer fans ruefully commenting on the bygone glory of the 2002 World Cup, when the Korean national squad proudly made it to the semifinals. In this year’s Russia World Cup, Korea has already lost two games – one against Sweden and one against Mexico, with the outcome of its next game against Germany deciding if it will go to the next round.“Who in their right mind blows a vuvuzela at 2 a.m. for a goal? It’s not the 2002,” wrote a Twitter user,

    Korea's fiscal contribution to income distribution among lowest in OECD in 2015


    South Korea's fiscal spending was found to make less contribution to narrowing income inequality compared with other members of the Organization for Economic Cooperation and Development in 2015, data showed Sunday.The country's relative poverty rate,...

    South Korea's fiscal spending was found to make less contribution to narrowing income inequality compared with other members of the Organization for Economic Cooperation and Development in 2015, data showed Sunday.The country's relative poverty rate, referring to the percentage of people with an income below 50 percent of the median income, came to 17.7 percent in 2015, according to data from the OECD.(123rf)But when disposable income after taxes and public transfers is considered, the rate was

    Lotte Duty Free apologizes for cutting off Black Pink mid-song


    Lotte Duty Free, South Korea’s top duty-free operator, apologized via its official Instagram account Saturday for sending girl group Black Pink off stage mid-performance at its Lotte Duty Free Family Festival. The organizer of the two-day festival,...

    Lotte Duty Free, South Korea’s top duty-free operator, apologized via its official Instagram account Saturday for sending girl group Black Pink off stage mid-performance at its Lotte Duty Free Family Festival. The organizer of the two-day festival, held at the Seoul Olympic Stadium Friday and Saturday, said in its post that the “performance was interrupted during BLACKPINK’s third song, ‘Forever Young’” due to safety issues. Black Pink performed at the opening of the festival on Friday.  Black P

    ‘Along With the God’ sequels to be shot next year: report


    Two more sequels for 2017 megahit “Along With the God: The Two Worlds” will be simultaneously shot next year, a local media outlet reported Sunday.Won Dong-yeon, the chief of Realies Pictures, said in an interview with Yonhap News Agency that the...

    Two more sequels for 2017 megahit “Along With the God: The Two Worlds” will be simultaneously shot next year, a local media outlet reported Sunday.Won Dong-yeon, the chief of Realies Pictures, said in an interview with Yonhap News Agency that the production company is planning to finish two scenarios for part three and four of the “Along With the God” series by the end of this year and shoot the film in 2019.“We are open to all possibilities, including a prequel or a spinoff,” Won was quoted as

    Moon returns from Russia visit


    South Korean President Moon Jae-in returned home Sunday after a three-day state visit to Russia for talks with President Vladimir Putin over North Korea's denuclearization and economic cooperation.Moon and his wife Kim Jong-sook departed from...

    South Korean President Moon Jae-in returned home Sunday after a three-day state visit to Russia for talks with President Vladimir Putin over North Korea's denuclearization and economic cooperation.Moon and his wife Kim Jong-sook departed from Rostov-on-Don earlier in the day after they rooted for the South Korean national soccer team, which lost to Mexico 2-1 in the teams' Group F match at the FIFA World Cup in Russia. They arrived at Seoul Air Base in the afternoon.During the first state visit

    Han Seo-hee explains her ‘encounter’ with BTS’ V at club


    Han Seo-hee on Saturday explained in a social media post how she allegedly came to meet BTS’ V at a club. Han had come under heavy fire after she let slip that she met V at a club when she was partying at the age of 19. Both Han and V were born in...

    Han Seo-hee on Saturday explained in a social media post how she allegedly came to meet BTS’ V at a club. Han had come under heavy fire after she let slip that she met V at a club when she was partying at the age of 19. Both Han and V were born in 1995. Her remark which suggested that V got into a club underage enraged the BTS fan club ARMY. “I didn’t know him. I had a table with my friend, and he just came. Kim Ki-bum brought him. I didn’t even know who he was. ARMY, please don’t yap at me. I d

    Pyongyang media call for S. Korea to scrap N. Korean human rights act, foundation


    North Korea's state media on Sunday demanded the abolishment of South Korea's human rights act and a foundation dedicated to its enforcement, arguing they only hamper efforts to improve cross-border ties.The call came weeks after Seoul closed the office...

    North Korea's state media on Sunday demanded the abolishment of South Korea's human rights act and a foundation dedicated to its enforcement, arguing they only hamper efforts to improve cross-border ties.The call came weeks after Seoul closed the office for the state-run foundation due to a yearslong delay in its official launch, which was caused by political hurdles. The government, however, pledged continued efforts for the launch. This file photo shows the office of the North Korean Human Rig

    [Photo News] Raw display of emotion at World Cup cheer site


    Gwanghwamun Square in Seoul, Saturday night, was painted red with the Red Devils cheering for the midnight match between South Korea and Mexico.With tightly clasped hands held high, fans watched the rollercoaster game.A giant sized Taeguekgi -- the...

    Gwanghwamun Square in Seoul, Saturday night, was painted red with the Red Devils cheering for the midnight match between South Korea and Mexico.With tightly clasped hands held high, fans watched the rollercoaster game.A giant sized Taeguekgi -- the Korean national flag -- created a wave above the crowd. Raw emotions were displayed without reservation.Grieving groans and joyous exclamations intersected between those supporting Team Korea and the Mexican players as Carlos Vela and Javier Hernandez

    Trump defends policies on border, North Korea in visit to Las Vegas


    LAS VEGAS -- President Donald Trump defended his tough stance on immigrants crossing the US border with Mexico on Saturday, praising his administration for a job well done and saying his approach will make the United States stronger.Trump also said his...

    LAS VEGAS -- President Donald Trump defended his tough stance on immigrants crossing the US border with Mexico on Saturday, praising his administration for a job well done and saying his approach will make the United States stronger.Trump also said his peace initiative with North Korea was already paying off despite criticism that his Singapore summit with North Korean leader Kim Jong-un earlier this month was long on positive imagery but short on specific accomplishments.Trump, who was in Las V

    NK media call for faithful implementation of Trump-Kim summit agreement


    North Korea's media called Sunday for the faithful implementation of this month's summit agreement with the United States, as the communist state appears set to repatriate the remains of American troops killed during the 1950-53 Korean War.The...

    North Korea's media called Sunday for the faithful implementation of this month's summit agreement with the United States, as the communist state appears set to repatriate the remains of American troops killed during the 1950-53 Korean War.The repatriation is part of the June 12 agreement between US President Donald Trump and North Korean leader Kim Jong-un, which also included establishing "new" bilateral relations and making joint efforts to build a "lasting and stable" peace regime on the pen

    Rangers' Choo Shin-soo stretches on-base streak to career-high 36 games


    The Texas Rangers' Choo Shin-soo has extended his on-base streak to a new career-high 36 games.Batting leadoff and playing left field, the South Korean outfielder kept his impressive run alive with a double in the second inning against the Minnesota...

    The Texas Rangers' Choo Shin-soo has extended his on-base streak to a new career-high 36 games.Batting leadoff and playing left field, the South Korean outfielder kept his impressive run alive with a double in the second inning against the Minnesota Twins at Target Field in Minneapolis, Minnesota, on Saturday (local time).He batted 1-for-4 with a walk for the day, as the Rangers beat the Twins 9-6 for their seventh straight victory. Choo Shin-soo of the Texas Rangers watches his ground rule doub

    Korean retailers turn to content production to lure young consumers


    South Korean retailers are increasingly engaging in content creation, breaking the boundaries between media and commerce, as they seek ways to better interact with consumers, industry watchers said Sunday.According to Lotte Shopping Co., the accumulated...

    South Korean retailers are increasingly engaging in content creation, breaking the boundaries between media and commerce, as they seek ways to better interact with consumers, industry watchers said Sunday.According to Lotte Shopping Co., the accumulated views of the web drama "Secret Queen Makers," promoting its duty-free store Lotte Duty Free, has surpassed 100 million views as of Thursday, with 75 million views coming from China alone.The seven-episode drama, first released on June 4, features

    [World Cup] S. Korean captain doubtful for next match after leaving loss on crutches


    ROSTOV-ON-DON, Russia -- South Korea's World Cup hopes may just have been dealt another blow after a 2-1 loss to Mexico on Saturday, with their captain Ki Sung-yueng leaving the match on crutches with a leg injury.Ki, a long-time midfield stalwart who...

    ROSTOV-ON-DON, Russia -- South Korea's World Cup hopes may just have been dealt another blow after a 2-1 loss to Mexico on Saturday, with their captain Ki Sung-yueng leaving the match on crutches with a leg injury.Ki, a long-time midfield stalwart who won his 104th cap on Saturday, suffered a left calf injury during the match at Rostov Arena in Rostov-on-Don. He passed through the mixed zone on crutches without speaking to reporters. South Korean midfielder and captain Ki Sung-yueng controls the

    [World Cup] In tears, Son Heung-min vows to regroup for team's last group match


    ROSTOV-ON-DON, Russia -- Son Heung-min became the first South Korean goal scorer at the 2018 FIFA World Cup on Saturday with his goal, but he wasn't a happy man in the end.Son showed tears after South Korea's 2-1 loss to Mexico in their second Group F...

    ROSTOV-ON-DON, Russia -- Son Heung-min became the first South Korean goal scorer at the 2018 FIFA World Cup on Saturday with his goal, but he wasn't a happy man in the end.Son showed tears after South Korea's 2-1 loss to Mexico in their second Group F match at Rostov Arena in Rostov-on-Don. The Tottenham Hotspur attacker cut the deficit to one in the second-half stoppage time but couldn't save South Korea from their second straight loss in the tournament."Our players really did well, but it's sa

    [World Cup] S. Korean defender becoming fans' scapegoat for losses


    ROSTOV-ON-DON, Russia -- With one mistake after another, South Korean defender Jang Hyun-soo has become a scapegoat for the team's woes at the 2018 FIFA World Cup in Russia.Jang, a center back who plays with FC Tokyo, gave up a penalty kick in South...

    ROSTOV-ON-DON, Russia -- With one mistake after another, South Korean defender Jang Hyun-soo has become a scapegoat for the team's woes at the 2018 FIFA World Cup in Russia.Jang, a center back who plays with FC Tokyo, gave up a penalty kick in South Korea's 2-1 loss to Mexico on Saturday in their second Group F match at Rostov Arena in Rostov-on-Don, Russia, after committing a handball foul in the box. The 26-year-old tried to stop Andres Guardado's cross, but unfortunately the ball hit his righ

    [World Cup] With Germany's win over Sweden, S. Korean knockout stage hopes still alive


    ROSTOV-ON-DON, Russia -- Despite two losses, South Korea still have hopes of reaching the knockout stage at the 2018 FIFA World Cup after Germany beat Sweden in their Group F match on Saturday.South Korea lost 2-1 to Mexico in their second match in Group...

    ROSTOV-ON-DON, Russia -- Despite two losses, South Korea still have hopes of reaching the knockout stage at the 2018 FIFA World Cup after Germany beat Sweden in their Group F match on Saturday.South Korea lost 2-1 to Mexico in their second match in Group F at Rostov Arena in Rostov-on-Don earlier in the day. The latest result gave South Korea their second loss in the tournament following their 1-0 defeat to Sweden in Nizhny Novgorod on Monday.Even with two straight defeats, South Korea are not m

    [World Cup] S. Korea fall to Mexico 2-1 for 2nd straight loss


    ROSTOV-ON-DON, Russia -- South Korea fell to Mexico 2-1 for their second straight loss at the FIFA World Cup in Russia on Saturday, though their hopes of advancing to the knockout stage are still alive thanks to Germany.Son Heung-min's stunner in...

    ROSTOV-ON-DON, Russia -- South Korea fell to Mexico 2-1 for their second straight loss at the FIFA World Cup in Russia on Saturday, though their hopes of advancing to the knockout stage are still alive thanks to Germany.Son Heung-min's stunner in second-half stoppage time wasn't nearly enough for South Korea at Rostov Arena in Rostov-on-Don, about 1,000 kilometers south of Moscow. Carlos Vela scored on a 26th-minute penalty, and Javier Hernandez doubled Mexico's advantage in the 66th, with South

    Posco taps Posco Chemtech CEO Choi Jeong-woo as new chairman


    South Korea’s largest steelmaker Posco announced Saturday that it has named Choi Jeong-woo, CEO of Posco Chemtech, as its new chairman. The company’s board of directors voted to nominate Choi for the chairman post at next month’s extraordinary...

    South Korea’s largest steelmaker Posco announced Saturday that it has named Choi Jeong-woo, CEO of Posco Chemtech, as its new chairman. The company’s board of directors voted to nominate Choi for the chairman post at next month’s extraordinary shareholder’s meeting, during a meeting held Saturday, according to Posco.As a result, Choi is set to assume his new post after a special shareholder meeting and board approval on July 27.  The Posco Chemtech CEO had been one of five final candidates nomin

    Number of jobless college graduates hits record high in May


     The number of unemployed college graduates in South Korea hit a record high in May, government data showed Saturday, in the latest sign of a tightened job market for young adults. The number of jobless people with bachelor‘s degrees and above...

     The number of unemployed college graduates in South Korea hit a record high in May, government data showed Saturday, in the latest sign of a tightened job market for young adults. The number of jobless people with bachelor‘s degrees and above reached 402,000 in May, up 76,000 from a year earlier, according to the data compiled by Statistics Korea. It marked the largest monthly figure since 2000, the statistics agency said. (Yonhap) The statistics agency said unemployed people with bachelor’s de

    US sends wooden cases to inter-Korean border for return of soldiers' remains


    The US military moved 100 wooden "temporary transit cases" to the inter-Korean border on Saturday in preparation to receive the remains of soldiers killed in the 1950-53 Korean War.The cases in storage at the truce village of Panmunjom, or the Joint...

    The US military moved 100 wooden "temporary transit cases" to the inter-Korean border on Saturday in preparation to receive the remains of soldiers killed in the 1950-53 Korean War.The cases in storage at the truce village of Panmunjom, or the Joint Security Area, will likely be sent to North Korea in a few days for use to carry the remains "in a dignified manner.""We are also moving United Nations Command flags to the JSA and also trestles on which the boxes can stand as we prep them ready to m

    Rangers’ Choo Shin-soo ties career high with 35-game on-base streak


     Texas Rangers’ South Korean designated hitter Choo Shin-soo has tied his career high by reaching base safely in 35 consecutive games. Choo went 2-for-4 with his 14th home run of the season against the Minnesota Twins at Target Field in...

     Texas Rangers’ South Korean designated hitter Choo Shin-soo has tied his career high by reaching base safely in 35 consecutive games. Choo went 2-for-4 with his 14th home run of the season against the Minnesota Twins at Target Field in Minneapolis, Minnesota, on Friday (local time). (Yonhap) Batting leadoff as the designated hitter, Choo launched a two-run shot off Minnesota starter Fernando Romero in the top of the fifth inning, keeping his streak alive and giving the Rangers a 4-0 lead. Choo

    Average monthly income of single-person households below spending


     One-person households are spending more than their income on average, data showed Saturday, in a sign of economic trouble for a growing number of such households. The average monthly income of one-person households came to 1.69 million won...

     One-person households are spending more than their income on average, data showed Saturday, in a sign of economic trouble for a growing number of such households. The average monthly income of one-person households came to 1.69 million won (US$1,520) in the fourth quarter of 2017, according to data compiled by Statistics Korea. The statistics office said one-person households spent 1.77 million won per month on average last year. It marked the first time that the average income of one-person ho

    Cheong Wa Dae expresses condolences over ex-PM's death


    The presidential office Cheong Wa Dae expressed condolences Saturday over the death of former Prime Minister Kim Jong-pil, saying the legacy he left in South Korean politics will remain for a long time. Kim, who served as prime minister twice and as a...

    The presidential office Cheong Wa Dae expressed condolences Saturday over the death of former Prime Minister Kim Jong-pil, saying the legacy he left in South Korean politics will remain for a long time. Kim, who served as prime minister twice and as a lawmaker nine terms, died earlier in the day at the age of 92. “The hand stains and footprints that the deceased left in the modern history of South Korean politics won’t be removed easily,” (Yonhap) Yoon Young-chan, senior presidential secretary f

    Former Prime Minister Kim Jong-pil dies at age 92


    Kim Jong-pil, South Korea’s two-time former Prime Minister, the founder of the country’s spy agency and widely-known as the “perennial No. 2 man” in modern Korean politics, died Saturday. He was 92.   Kim was transferred from his home to...

    Kim Jong-pil, South Korea’s two-time former Prime Minister, the founder of the country’s spy agency and widely-known as the “perennial No. 2 man” in modern Korean politics, died Saturday. He was 92.   Kim was transferred from his home to Soonchunhyang University Hospital in Seoul and was declared dead upon arrival at 8:15 a.m., according to the hospital. He is believed to have died of complications due to old age.  A funeral site has been set up at the Asan Medical Center in Songpa-gu of souther

    Ex-S. Korean premier Kim Jong-pil, spy agency founder, dies


    SEOUL (AP) -- Kim Jong-pil, the founder of South Korea's spy agency who also served twice as prime minister, first under his dictator boss and later under a man his agency kidnapped, has died. He was 92.    Kim was declared dead on arrival at...

    SEOUL (AP) -- Kim Jong-pil, the founder of South Korea's spy agency who also served twice as prime minister, first under his dictator boss and later under a man his agency kidnapped, has died. He was 92.    Kim was declared dead on arrival at Seoul’s Soonchunhyang University Hospital from his home on Saturday, said hospital official Lee Mi-jong. He described the cause of death as age-related complications.     Kim Jong-pil (Yonhap) A retired lieutenant colonel, Kim was a key member of a 1961 cou

    S. Korean shares to move in tight range next week


    South Korean shares are expected to remain in a relatively tight range next week as investors take to the sidelines amid global trade tensions, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,357.22 points on...

    South Korean shares are expected to remain in a relatively tight range next week as investors take to the sidelines amid global trade tensions, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,357.22 points on Friday, down from 2,404.04 points a week earlier. The local stock market started lower Monday, falling more than 1 percent amid heightened worries over a U.S.-China trade war.   U.S. President Donald Trump announced new tariffs on Chinese products

    [Breaking] Former Prime Minister Kim Jong-pil dies


    Former Prime Minister Kim Jong-pil died Saturday at age 92.Kim died at 8:15 a.m., an aide said. Kim was taken to Soonchunhyang University Hospital in Seoul from his home in Shindang-dong, and he was already dead on arrival, hospital officials...

    Former Prime Minister Kim Jong-pil died Saturday at age 92.Kim died at 8:15 a.m., an aide said. Kim was taken to Soonchunhyang University Hospital in Seoul from his home in Shindang-dong, and he was already dead on arrival, hospital officials said. He is believed to have died of old age. Born in 1926, Kim graduated from the Korea Military Academy and played a key role in the 1961 military coup led by Park Chung-hee, who rose to president and ruled South Korea for 18 years. Kim served as prime mi

    N. Korea media reports on family reunion agreement with South


    North Korean state media on Saturday reported on an agreement with South Korea to hold reunions of families separated by the Korean War but didn‘t provide dates and other details. On Friday, Red Cross officials of the two sides agreed to hold family...

    North Korean state media on Saturday reported on an agreement with South Korea to hold reunions of families separated by the Korean War but didn‘t provide dates and other details. On Friday, Red Cross officials of the two sides agreed to hold family reunions from Aug. 20-26 at the North’s Mount Kumgang on the east coast. The reunions will involve 100 families from each side. (Yonhap) The agreement was the latest reconciliatory move between the two countries. On Saturday, the North‘s official Kor

    S. Korea, Russia to conduct joint studies on cross-border energy projects


    South Korea and Russia will conduct a joint study to check the feasibility of cross-border energy projects involving North Korea and prepare negotiations for a trade deal to bolster bilateral economic ties, Seoul's trade ministry said Friday. The...

    South Korea and Russia will conduct a joint study to check the feasibility of cross-border energy projects involving North Korea and prepare negotiations for a trade deal to bolster bilateral economic ties, Seoul's trade ministry said Friday. The Ministry of Trade, Industry and Energy said it signed eight memorandums of understanding (MOUs) with Russia's energy ministry and state utility firms to expand cooperation in energy, industry and investment between the two nations.The agreements were re

    Moon, Putin vow efforts to launch FTA talks, boost cooperation


    South Korean President Moon Jae-in and Russian President Vladimir Putin agreed Friday to work to launch negotiations for a free trade agreement between their countries.In a summit held in Moscow, the leaders agreed to initiate “local processes” to...

    South Korean President Moon Jae-in and Russian President Vladimir Putin agreed Friday to work to launch negotiations for a free trade agreement between their countries.In a summit held in Moscow, the leaders agreed to initiate “local processes” to allow the start of FTA talks, Moon’s presidential office Cheong Wa Dae said in a press release.“To achieve the goal of $30 billion in trade and 1 million in the number of visitors between the two countries by 2020, the two leaders agreed to work for pr

    [Eye Plus] ‘Red Devils’ spill out to the streets for World Cup


    World Cup 2018 kicked off last week in Russia. As for South Korea, the first group match against Sweden on Monday revived the tens of thousands of “Red Devils” to take to the streets to cheer for the national team once again.In front of Gwanghwamun...

    World Cup 2018 kicked off last week in Russia. As for South Korea, the first group match against Sweden on Monday revived the tens of thousands of “Red Devils” to take to the streets to cheer for the national team once again.In front of Gwanghwamun Square in the center of Seoul, 25,000 people wearing the iconic red uniforms and head bands resembling a devil’s horns became the Red Devils, while 5,000 also watched Korea’s first match via large outdoor screens installed at Seoul Square in front of

    [Editorial] Police reform first


    Prime Minister Lee Nak-yon on Thursday announced reform plans aimed at better coordination of the investigative powers of the prosecution and police. Police will be empowered to close investigations based on their own judgment without sending related...

    Prime Minister Lee Nak-yon on Thursday announced reform plans aimed at better coordination of the investigative powers of the prosecution and police. Police will be empowered to close investigations based on their own judgment without sending related cases to the prosecution after investigation. They are required to forward cases to the prosecution if they deem that suspects need to be charged. Prosecutors will not be able to command police investigations before police send related cases to them

    [Leonid Bershidsky] Mr. Putin, seize chance to release dissidents


    On Monday, the US State Department called on Russia to release “more than 150” political and religious prisoners. In this political climate, an appeal like that from the US would usually be the best way to ensure they remain behind bars. But the...

    On Monday, the US State Department called on Russia to release “more than 150” political and religious prisoners. In this political climate, an appeal like that from the US would usually be the best way to ensure they remain behind bars. But the State Department may have picked a good moment: President Vladimir Putin could show largesse by pardoning the prisoners while the eyes of the world are on Russia and the World Cup. The Russian human rights group Memorial, which maintains the most complet

    [David Fickling] China digs a trench for US trade siege


    If you’re about to start a trade war, best ensure your citizens are in an optimistic mood. That’s one way of looking at the US tax cuts passed in November. Stimulus from that law will boost economic growth by about three-quarters of a percentage...

    If you’re about to start a trade war, best ensure your citizens are in an optimistic mood. That’s one way of looking at the US tax cuts passed in November. Stimulus from that law will boost economic growth by about three-quarters of a percentage point this year and next, Federal Reserve Gov. Lael Brainard said last month –- no doubt one reason the S&P 500 index finished just 3.8 percent below its record high on Tuesday despite the growing drumbeat on trade. Not content with returning fire on pla

    Reunion of separated families to be held in August


    The two Koreas agreed, as result of their Red Cross talks held Friday, to hold the long-stalled reunion of the Korean War-separated families next month, marking the first of such case since October 2015.The event will be held from Aug. 20-26 at Mt....

    The two Koreas agreed, as result of their Red Cross talks held Friday, to hold the long-stalled reunion of the Korean War-separated families next month, marking the first of such case since October 2015.The event will be held from Aug. 20-26 at Mt. Kumgang on the North's east coast, with 100 families attending from each side, according to officials."The South and the North agreed to hold a reunion of separated families at Mount Kumgang, marking the Aug. 15 Liberation Day," the joint statement sa

    Cement block falls from apartment building


    An 8-year-old has been injured by fragments of a cement block that fell from an apartment building.Uijeongbu Police Station in Gyeonggi Province said Friday that the block fell into a playground in an apartment complex located in Uijeongbu-dong,...

    An 8-year-old has been injured by fragments of a cement block that fell from an apartment building.Uijeongbu Police Station in Gyeonggi Province said Friday that the block fell into a playground in an apartment complex located in Uijeongbu-dong, Uijeongbu, Gyeonggi Province.Although no one was directly struck by the block, the kid was hit by its fragments. The child was sent to hospital for scratches on his knee. (123RF)It has been identified that the 23-centimeter block was made of cementPolice

    [Newsmaker] Report on 40 years of Korea's state violence against ‘vagrant’ children released


    The Human Rights Commission on Thursday released a report detailing state violence against “vagrant” children in a facility in Gyeonggi Province, which the commission believes to have lasted for some 40 years from 1942-1982. The report claims that...

    The Human Rights Commission on Thursday released a report detailing state violence against “vagrant” children in a facility in Gyeonggi Province, which the commission believes to have lasted for some 40 years from 1942-1982. The report claims that some 4,691 children were kidnapped, brutally abused and coerced into harsh labor. Although the facility, named Seongam Hagwon, was characterized as a shelter or welfare institution for vagrant children or orphans, the report reveals that many of the ch

    [Weekender] Mind your surroundings


    The next time you are atop one of Seoul’s mountains, take a look at what surrounds the megalopolis buzzing below you. More specifically the old Seoul, referring to the modern-day city’s northern area surrounded by four gates. It is said that the city...

    The next time you are atop one of Seoul’s mountains, take a look at what surrounds the megalopolis buzzing below you. More specifically the old Seoul, referring to the modern-day city’s northern area surrounded by four gates. It is said that the city has the perfect balance between yin and yang. The water is supposed to be yang, which forms the Han River on the old city boundaries. It is in harmony with the mountains -- the yin -- which extends from all the way back from Baekdusan, thus completi

    Over 15% of S. Korean schoolchildren battle digital addiction: survey


    A government survey showed Friday that over 15 percent of South Korean elementary and middle schoolers are addicted to either the internet or smartphones. According to the Ministry of Gender Equality and Family, the survey polled a total of 1.29 million...

    A government survey showed Friday that over 15 percent of South Korean elementary and middle schoolers are addicted to either the internet or smartphones. According to the Ministry of Gender Equality and Family, the survey polled a total of 1.29 million students -- fourth graders, seventh graders and 10th graders -- in March and April. The results indicated that some 196,337 schoolchildren, or 15.2 percent, refuse to put down their phones or stop going on the internet, an increase from 14.3 perc

    [Weekender] When ‘pungsu jiri’ meets home interior design


    Although “pungsu jiri,” a Korean version of Chinese feng shui that concerns correlation between life-force energy and its surroundings, is often regarded as superstitious, the idea is often reflected in the interior design of many Korean...

    Although “pungsu jiri,” a Korean version of Chinese feng shui that concerns correlation between life-force energy and its surroundings, is often regarded as superstitious, the idea is often reflected in the interior design of many Korean residences.The practice of integrating this intricate art of geomancy with housing, at the macro level, is usually done by building one’s home on an auspicious site to bring peace and luck. But it doesn’t always have to be complicated, as there are simple ways t

    [Herald Interview] Young, dynamic and connected -- ASEAN offers endless opportunities for Korea


    Southeast Asia can offer market and business opportunities to South Korea with its young, digitally connected and growing middle class in return for Korea’s sharing of its quickly developed economic strategies, according to a high-ranking official from...

    Southeast Asia can offer market and business opportunities to South Korea with its young, digitally connected and growing middle class in return for Korea’s sharing of its quickly developed economic strategies, according to a high-ranking official from the Association of Southeast Asian Nations Economic Community. “Korea will benefit from ASEAN’s dynamism, creativity and growth potential, as the regional production networks are fast expanding,” said Aladdin D. Rillo, deputy secretary-general for

    Trump’s remark on US war remains fuels confusion


     US President Donald Trump’s remark over the remains of US service members fueled confusion in South Korea, despite the president’s apparent attempt to correct his previous suggestion that the remains have been sent back from North Korea to the US....

     US President Donald Trump’s remark over the remains of US service members fueled confusion in South Korea, despite the president’s apparent attempt to correct his previous suggestion that the remains have been sent back from North Korea to the US.  During his meeting with cabinet members Thursday, Trump said the remains of US troops missing in the Korean War were in the process of being returned to the US from North Korea. The president said Wednesday that the remains have been sent back.  Trum

    FTC chief dismisses rumor about power struggle with prosecution


    The nation’s antitrust watchdog chief underlined that prosecutors’ recent raid of the Fair Trade Commission is unrelated with the FTC’s move to overhaul its fair trade law, which includes the abolition of its exclusive right to charge businesses....

    The nation’s antitrust watchdog chief underlined that prosecutors’ recent raid of the Fair Trade Commission is unrelated with the FTC’s move to overhaul its fair trade law, which includes the abolition of its exclusive right to charge businesses. “Following the raid by the prosecution, there have been news reports that imply conflicts between the prosecutors and the FTC, spreading unnecessary rumors,” FTC chief Kim Sang-jo said in a statement Friday. “Prosecutors’ latest investigation targets th

    S. Korea, Russia to begin preparations for FTA negotiations: Moon


    President Moon Jae-in on Friday announced a plan to launch negotiations for South Korea’s first free trade agreement with Russia, calling for joint efforts to boost the two countries’ bilateral trade to over $30 billion by 2020. During a business...

    President Moon Jae-in on Friday announced a plan to launch negotiations for South Korea’s first free trade agreement with Russia, calling for joint efforts to boost the two countries’ bilateral trade to over $30 billion by 2020. During a business forum in Moscow, Moon said he would agree with Russian President Vladimir Putin to begin domestic processes aimed at launching FTA negotiations related to the service and investment sector. The South Korean president said that he expects the FTA to enco

    Affordable foreign cars pose threat to South Korean carmakers


    South Korean carmakers now face tougher competition at home as their foreign counterparts are becoming increasingly cost-competitive, on top of their preconceived image as being higher-end or safer.Domestic sales of foreign cars led by German automakers...

    South Korean carmakers now face tougher competition at home as their foreign counterparts are becoming increasingly cost-competitive, on top of their preconceived image as being higher-end or safer.Domestic sales of foreign cars led by German automakers rose 21.7 percent compared to a year prior to 26,133 in May last year, while those of locally produced cars sold by automakers like Hyundai and Kia Motors fell 2 percent to 131,638, according to recent data from the Ministry of Trade, Industry an

    [Box Office] Movies in theaters this week


    The Accidental Detective 2: In Action(Korea)Opened June 13Comedy, MysteryDirected by Lee Eon-hee Comic book store owner Dae-man (Kwon Sang-hoo) and detective Tae-soo (Sung Dong-il) become full-time private investigators. As their first big case, the...

    The Accidental Detective 2: In Action(Korea)Opened June 13Comedy, MysteryDirected by Lee Eon-hee Comic book store owner Dae-man (Kwon Sang-hoo) and detective Tae-soo (Sung Dong-il) become full-time private investigators. As their first big case, the duo looks into the seemingly accidental death of a man, which turns out to be something more. With the help of cyber whiz Yeo-chi (Lee Kwang-soo), the two seek to uncover the truth. Ocean’s 8(US)Action, Comedy, Crime Opened June 13Directed by Gary Ro

    [Travel Bits] Festivals, sights around Korea


    Donggang International Photo Fest The annual DongGang International Photo Festival features events such as the DongGang Photography Award Exhibition, International Open Call, Photojournalists Exhibition and Gangwon Province Photographers...

    Donggang International Photo Fest The annual DongGang International Photo Festival features events such as the DongGang Photography Award Exhibition, International Open Call, Photojournalists Exhibition and Gangwon Province Photographers Exhibition.Visitors can enjoy 10 exhibitions and workshops during the festival, which runs till Sept. 21. Admission is 3,000 won for adults, 1,500 won for teenagers and 1,000 won for children. The event is open to visitors of all ages.For more information, call

    Posco reveals five finalists for next chairman position


    South Korea’s largest steelmaker Posco on Friday announced its shortlist of five final candidates for the group’s chairman position.The list comprises the group’s incumbent and former top officials, including Posco Daewoo CEO Kim Young-sang, former...

    South Korea’s largest steelmaker Posco on Friday announced its shortlist of five final candidates for the group’s chairman position.The list comprises the group’s incumbent and former top officials, including Posco Daewoo CEO Kim Young-sang, former Posco Chief Operating Officer Kim Jin-il, incumbent President and COO Oh In-hwan, Vice President Chang In-hwa and Posco Chemtech CEO Choi Jung-woo, according to the company. From left: Posco Daewoo CEO Kim Young-sang, former Posco Chief Operating Offi

    S. Korea’s sovereign rating remains at AA-: Fitch


    Global credit rating agency Fitch on Friday presented a stable outlook for South Korea’s economy this year, maintaining the country’s sovereign credit rating at the current “AA-” level, the company said in a press release.The decision came in a...

    Global credit rating agency Fitch on Friday presented a stable outlook for South Korea’s economy this year, maintaining the country’s sovereign credit rating at the current “AA-” level, the company said in a press release.The decision came in a balanced evaluation of Seoul’s robust external finances and strong macroeconomic capacities, as well as its challenging factors such as its peninsular volatility, rapid population aging and slowing productivity.“Geopolitical risk continues to weigh on the

    Jo Jung-suk, Gummy to tie the knot this fall


    Celebrity couple Jo Jung-suk and Gummy will be tying the knot this fall.  Jo announced the happy news on his fan site, writing, “Maybe I’m standing at a new starting line of my life or at a crossroads where I can grow up as an actor, and I feel...

    Celebrity couple Jo Jung-suk and Gummy will be tying the knot this fall.  Jo announced the happy news on his fan site, writing, “Maybe I’m standing at a new starting line of my life or at a crossroads where I can grow up as an actor, and I feel excited and somehow nervous, as I’ll be walking that road with someone else.” (Culture Depot, C-Jes Entertainment)“While the exact date hasn’t been set yet, the reason I couldn’t tell you earlier, I’m going to get married this year. I decided to marry her

    Twice to drop first Japanese full-length album in September


    Twice is set to drop its first Japanese full-length album in September, its agency said.According to JYP Entertainment on Friday, the nine-piece K-pop girl group will release “BDZ” on Sept. 12. With “BDZ” standing for bulldozer, the album...

    Twice is set to drop its first Japanese full-length album in September, its agency said.According to JYP Entertainment on Friday, the nine-piece K-pop girl group will release “BDZ” on Sept. 12. With “BDZ” standing for bulldozer, the album produced by the agency’s head producer Park Jin-young embodies the band’s determination to move forward. Twice (JYP Entertainment) It will include five new songs and five of Twice’s previous Japanese singles such as “One More Time,” “Candy Pop,” “Wake Me Up,”

    Foreign whiskey makers struggle amid sluggish sales


    Foreign liquor companies in Korea are increasingly reeling from plunging sales in recent years, data showed Friday.According to global liquor research institute IWSR, South Korea’s whiskey sales recorded 1.66 million boxes last year, a fall of about...

    Foreign liquor companies in Korea are increasingly reeling from plunging sales in recent years, data showed Friday.According to global liquor research institute IWSR, South Korea’s whiskey sales recorded 1.66 million boxes last year, a fall of about 1.18 boxes from 2007. For whiskey, a box equals to 9 liters of liquor. By whiskey type, sales of blended Scotch whisky -- Ballentine's, Johnnie Walker, Royal Salute -- saw the biggest drop. Since 2007, the sales volume has decreased by more than 60 p