The Korea Heald

    KRX lifts suspension of Samsung BioLogics stock trading


    The Korea Exchange, South Korea’s sole securities market operator, decided Monday to resume transactions of Samsung BioLogics shares, about a month after the company was slapped with a trading suspension on accusations of accounting misconduct....

    The Korea Exchange, South Korea’s sole securities market operator, decided Monday to resume transactions of Samsung BioLogics shares, about a month after the company was slapped with a trading suspension on accusations of accounting misconduct. Following the decision, investors are allowed to trade Samsung BioLogics shares on the main bourse Kospi as per normal starting Tuesday. (Yonhap)The KRX said in a release that BioLogics’ improving profitability overshadows concerns about business continui

    S. Korea cab driver burns himself to death in carpool protest


    A South Korean taxi driver burned himself to death on Monday in protest at an Uber-like ride-sharing service being introduced by the country's largest mobile chat app, reports said. (Yonhap)South Korean taxi drivers have angrily protested against the...

    A South Korean taxi driver burned himself to death on Monday in protest at an Uber-like ride-sharing service being introduced by the country's largest mobile chat app, reports said. (Yonhap)South Korean taxi drivers have angrily protested against the car-pooling service created by KakaoTalk, saying it would threaten their jobs and livelihoods. US giant Uber has only a minimal presence in the country, offering onlytaxi- and licensed-hire vehicle hailing after closing its main ride-sharing service

    POSCO Daewoo to conduct exploration drilling at Myanmar offshore well


    POSCO Daewoo Corp. said Monday that it will conduct exploration drilling at an offshore well in Myanmar.(Yonhap)The South Korean trading company said in a regulatory filing that it has secured the right to drill at the A-3 well in the first quarter of...

    POSCO Daewoo Corp. said Monday that it will conduct exploration drilling at an offshore well in Myanmar.(Yonhap)The South Korean trading company said in a regulatory filing that it has secured the right to drill at the A-3 well in the first quarter of 2020. It said 105.3 billion won (US$93.3 million) will be invested into the project from January 2019 onwards.The company said that it has been carrying out detailed artificial earthquake wave evaluations of the area and concluded there is a good c

    KT to deduct up to 6-month phone bills for victims of network blackout


    South Korean mobile carrier KT announced Monday its plan to compensate those who suffered from a network blackout caused by a fire at its regional branch last month, including the exemption of telecom bills worth up to six months.In addition to its...

    South Korean mobile carrier KT announced Monday its plan to compensate those who suffered from a network blackout caused by a fire at its regional branch last month, including the exemption of telecom bills worth up to six months.In addition to its initial plan to shave off one-month bills for both landline and wireless service subscribers among the victims, which largely included small merchants in the Seodaemun District, northern Seoul, the operator decided to exempt fees worth up to six month

    [Photo News] Rising stars Stray Kids arrive at 2018 MAMA


    Stray Kids have arrived at the red carpet of the 2018 Mnet Asian Music Awards.  Stray Kids hit the red carpet at 2018 Mnet Asian Music Awards (Mnet) (Mnet)The nine-piece act ranked top in the poll for best new male artist, determined through preshow...

    Stray Kids have arrived at the red carpet of the 2018 Mnet Asian Music Awards.  Stray Kids hit the red carpet at 2018 Mnet Asian Music Awards (Mnet) (Mnet)The nine-piece act ranked top in the poll for best new male artist, determined through preshow online voting by fans, which ran for about a month, from Nov. 1 to Sunday midnight. Stray Kids trumped the poll, earning close to half of total votes with 49.10 percent. The runner-up in the same category was Kim Dong-han, a contestant in the second

    After feuding with feminists, San E takes aim at journalists


    It seems San E has beef with journalists, as the outspoken rapper has announced he will release a new single called “Giregi” Tuesday -- a portmanteau meaning “garbage reporter” in Korean.In an Instagram post released Monday afternoon, the rapper...

    It seems San E has beef with journalists, as the outspoken rapper has announced he will release a new single called “Giregi” Tuesday -- a portmanteau meaning “garbage reporter” in Korean.In an Instagram post released Monday afternoon, the rapper teased the new single as he bounced up and down while wearing a zipped ski mask that left just his eyes visible.The term “giregi” is heard repeatedly as the short clip teased the latest in a series of politically charged songs the rapper has released in

    [Graphic News] S. Korean coffee imports expected to fall this year


     South Korea is expected to import less coffee this year for the first time in six years, as demand for the beverage has been hit by sluggish economic growth, according to market watchers here.  In the January-October period, total imports of coffee...

     South Korea is expected to import less coffee this year for the first time in six years, as demand for the beverage has been hit by sluggish economic growth, according to market watchers here.  In the January-October period, total imports of coffee stood at 121,019 tons, down 1,031 tons from a year earlier. This is the first on-year decrease since 2012. Asia’s fourth-largest economy imported 82,446 tons of coffee in the same period in 2012. 

    Sweden, Korea unveil logo for 60th bilateral anniversary in 2019


    The Swedish Embassy in Seoul and Korean Embassy in Stockholm jointly announced the winner of the Sweden-Korea 60 Years Logo Design Competition last week. The honor went to Jo A-ra, who works as an editorial designer at a company in Korea, out of 200...

    The Swedish Embassy in Seoul and Korean Embassy in Stockholm jointly announced the winner of the Sweden-Korea 60 Years Logo Design Competition last week. The honor went to Jo A-ra, who works as an editorial designer at a company in Korea, out of 200 entrants. Her design will be used at promotional events and on items for next year’s 60th anniversary of bilateral diplomacy.“I really like the playfulness of the logo. It represents key features of the Sweden-Korea relationship: innovation and frien

    Hungarian envoy discovers forgotten connection from yesteryear


    A photo shows Korean participants at the Second World Festival of Youth and Students in Budapest, Hungary, in 1949. Dancer Kim Baek-bong is second from right. (Hungarian Embassy/Fortepan)Hungarian Ambassador to Korea Mozes Csoma on Friday brought back to...

    A photo shows Korean participants at the Second World Festival of Youth and Students in Budapest, Hungary, in 1949. Dancer Kim Baek-bong is second from right. (Hungarian Embassy/Fortepan)Hungarian Ambassador to Korea Mozes Csoma on Friday brought back to life a forgotten page of history connecting Hungary and a prewar Korean Peninsula. At the Arko Arts Theater in Seoul, he presented an archival photo he discovered to Kim Baek-bong, a 92-year-old woman who took part in the Second World Festival o

    [Contribution] Spain celebrates 40th anniversary of constitution


    By Spanish Ambassador to Korea Juan Ignacio Morro The people of Spain recently celebrated the 40th anniversary of the Spanish constitution that was approved in a national referendum and ratified on Dec. 6, 1978. Since the historic day, the supreme law...

    By Spanish Ambassador to Korea Juan Ignacio Morro The people of Spain recently celebrated the 40th anniversary of the Spanish constitution that was approved in a national referendum and ratified on Dec. 6, 1978. Since the historic day, the supreme law has united all Spanish citizens, and launched Spain’s journey as an open, modern and inclusive country.Over the last four decades, Spain has established itself as a democratic state based on the rule of law. We have deeply committed ourselves to th

    Korea, India to hold talks on upgrading trade pact


    South Korea and India will hold negotiations to upgrade their existing bilateral trade pact to lower barriers between the two nations, the government here said Monday.The two nations implemented the Comprehensive Economic Partnership Agreement in January...

    South Korea and India will hold negotiations to upgrade their existing bilateral trade pact to lower barriers between the two nations, the government here said Monday.The two nations implemented the Comprehensive Economic Partnership Agreement in January 2010 and have held six rounds of talks to push for further market liberalization.  South Korea and India held their fifth round of talks in Seoul on May 30, 2018, on improvements to their bilateral trade deal, the Comprehensive Economic Partners

    [Contribution] World’s peaceful tomorrow hinges on mindful cooperation


    Turkish Foreign Minister Mevlut Cavusoglu (AP/Yonhap)By Turkish Foreign Minister Mevlut Cavusoglu Istanbul recently hosted two separate, but interrelated and imperative, conferences on conflict mediation. The Second Organization for Islamic Cooperation...

    Turkish Foreign Minister Mevlut Cavusoglu (AP/Yonhap)By Turkish Foreign Minister Mevlut Cavusoglu Istanbul recently hosted two separate, but interrelated and imperative, conferences on conflict mediation. The Second Organization for Islamic Cooperation Member States’ Conference on Mediation on Nov. 29 analyzed the geography of conflict and our capacity for mediation as key regional stakeholders. The Fifth Istanbul Mediation Conference on Nov. 30 discussed the connections between sustainable deve

    Wage gap between large, small firms widens to 1.7 fold in 2014: report


    The wage gap between workers in large companies and small and medium-sized enterprises widened in 2014 amid a deepening polarization of the labor market, a report said Monday.According to the report published by the Bank of Korea, large businesses --...

    The wage gap between workers in large companies and small and medium-sized enterprises widened in 2014 amid a deepening polarization of the labor market, a report said Monday.According to the report published by the Bank of Korea, large businesses -- those with 300 or more workers -- paid wages 1.7 times greater than those paid to employees at smaller firms in 2014, widening from a 1.1-fold gap tallied in 1980. (Yonhap)The large firms put a 46.1 percent wage premium on their highly-educated, ski

    Korea's economy showing signs of gradual slowdown: KDI


    South Korea's economy is showing signs of a gradual slowdown with export growth cooling amid sluggish private consumption, a state-run think tank said Monday. "The growth pace of exports slowed and domestic demand remained weak, implying that overall...

    South Korea's economy is showing signs of a gradual slowdown with export growth cooling amid sluggish private consumption, a state-run think tank said Monday. "The growth pace of exports slowed and domestic demand remained weak, implying that overall economic activity appeared to be gradually slowing," the Korea Development Institute said in its monthly evaluation of the country's economic conditions.(Yonhap)Exports in November appeared to lose some steam, mainly due to weaker global demand for

    Korea Grand Sale to offer promotions, events for foreign visitors


    The Visit Korea Committee on Monday announced benefits and promotions for foreign tourists visiting Korea from Jan. 17 through Feb. 28, during the annual Korea Grand Sale.Under a theme of “Travel, Taste, Touch,” the event will offer promotions and...

    The Visit Korea Committee on Monday announced benefits and promotions for foreign tourists visiting Korea from Jan. 17 through Feb. 28, during the annual Korea Grand Sale.Under a theme of “Travel, Taste, Touch,” the event will offer promotions and benefits provided by 51,497 businesses.Participating firms include Jin Air and Jeju Air which will provide discount on inbound flights, Daemyung Resort, Ramada Encore Haeundae and Grand InterContinental for accommodations and food, and Paradise Casino

    ASEAN connectivity projects offer lucrative partnerships


    The sixth ASEAN Connectivity Forum at the Korea Chamber of Commerce and Industry in Seoul on Nov. 27. (AKC)Despite being a giant economic bloc with high growth prospects, Southeast Asia has not fully reaped the benefits of its potential due to a shortage...

    The sixth ASEAN Connectivity Forum at the Korea Chamber of Commerce and Industry in Seoul on Nov. 27. (AKC)Despite being a giant economic bloc with high growth prospects, Southeast Asia has not fully reaped the benefits of its potential due to a shortage of advanced and efficient infrastructure. That is about to change gradually, as member states of the Association of Southeast Asian Nations increasingly connect their domestic territories physically, technologically and institutionally, as well

    Samsung expands number of artworks displayed on The Frame TVs to 1,000


    Samsung Electronics Co. said Monday it has expanded the number of artworks that can be displayed on its premium The Frame TVs to a whopping 1,000 by joining hands with more museums around the globe.The Frame is a high-end TV that comes with a stylish...

    Samsung Electronics Co. said Monday it has expanded the number of artworks that can be displayed on its premium The Frame TVs to a whopping 1,000 by joining hands with more museums around the globe.The Frame is a high-end TV that comes with a stylish frame design to display artwork or photos when not in use. (Yonhap)Samsung said it recently concluded arrangements with Italy's Uffizi Galleries, the Netherland's Van Gogh Museum and New Zealand's Te Papa to provide 62 more artworks through The Fram

    LG installs digital signage in Delhi's largest shopping mall


    LG Electronics Inc. said Monday it has installed a large digital signage at the largest shopping mall in Delhi in the latest move to promote its organic light-emitting diode displays.The new signage, built at Ambience Mall, located in the capital city,...

    LG Electronics Inc. said Monday it has installed a large digital signage at the largest shopping mall in Delhi in the latest move to promote its organic light-emitting diode displays.The new signage, built at Ambience Mall, located in the capital city, utilizes a whopping 63 units of 55-inch OLED display.  This is digital signage installed by the company at Ambience Mall in Delhi, India. (Yonhap)Standing 8 meters tall, the signage are installed in a ring so that they can be observed at any angle

    [Editorial] Not all bright


    Korea’s per capita income is expected to exceed $30,000 for the first time this year. That’s good news, but not all Koreans can welcome it with open arms. Various data sets show that Korea’s gross national income for 2018 will surpass the mark. The...

    Korea’s per capita income is expected to exceed $30,000 for the first time this year. That’s good news, but not all Koreans can welcome it with open arms. Various data sets show that Korea’s gross national income for 2018 will surpass the mark. The International Monetary Fund estimated that Korea’s GNI in 2018 will reach $32,000 per capita, and local wire service Yonhap News Agency, citing data from the Bank of Korea and other financial institutions, predicted it will stand at $31,243. It is har

    Hyundai, Kia sales in US surpass 20 million


    South Korean carmakers Hyundai and Kia have sold a combined 20 million vehicles in the US since entering what is currently the world’s second-largest market 33 years ago.Their accumulated sales marked 20.69 million units as of November, the...

    South Korean carmakers Hyundai and Kia have sold a combined 20 million vehicles in the US since entering what is currently the world’s second-largest market 33 years ago.Their accumulated sales marked 20.69 million units as of November, the companies’ data showed. Hyundai entered the market in 1985. Kia, after it was acquired by Hyundai, started selling vehicles there in 1994. (Hyundai Motor)By company, Hyundai has sold around 60 percent of the total, or 12.22 million units, while sister affilia

    Digital health care, smart cities key to 4th industrial revolution drive: committee


     South Korea’s presidential committee aimed at coordinating national strategies to boost the country’s competitiveness in the “fourth industrial revolution” will focus on next-generation health care and smart city development next year, its...

     South Korea’s presidential committee aimed at coordinating national strategies to boost the country’s competitiveness in the “fourth industrial revolution” will focus on next-generation health care and smart city development next year, its chief said Monday. Chang Byung-gyu, who was reappointed to head the committee for a second term, said the committee will devote resources to supporting ongoing smart city initiatives, including those in Sejong and Busan, while narrowing its focus on health ca

    [Newsmaker] Lawmakers criticized for raising own salaries


    The recent passage of the budget bill has sparked public fury, as it included a plan to increase the annual salaries of lawmakers, while the budget for job creation was reduced.The ruling Democratic Party of Korea and the main opposition Liberty Korea...

    The recent passage of the budget bill has sparked public fury, as it included a plan to increase the annual salaries of lawmakers, while the budget for job creation was reduced.The ruling Democratic Party of Korea and the main opposition Liberty Korea Party on Saturday approved the 2019 budget bill of 469.6 trillion won ($416 billion), which included the plan to increase their wages by 1.8 percent. (Yonhap)The three minor parties 00 the center-right Bareunmirae Party, center-left opposition Part

    Military envisions reform plan that goes beyond NK nuclear threat


     With the two Koreas speeding up their efforts to reduce cross-border tensions and enhance socio-economic ties, the South Korean government is seeking to formulate a new security policy that focuses more on broader threats in the region rather than...

     With the two Koreas speeding up their efforts to reduce cross-border tensions and enhance socio-economic ties, the South Korean government is seeking to formulate a new security policy that focuses more on broader threats in the region rather than North Korea’s nuclear program.  The Ministry of National Defense said Monday that its affiliated agency has been carrying out extensive research that postulates a changed security landscape where North Korea’s nuclear and missile threat no longer exis

    [Feature] Presidential petition: platform for constructive proposals or witch hunt?


    A slow news day? Look no further than the electronic petition system run by the presidential office for raging public debates on everything from the highly personal request of extending summer vacations to highly divisive and unaddressed grievances that...

    A slow news day? Look no further than the electronic petition system run by the presidential office for raging public debates on everything from the highly personal request of extending summer vacations to highly divisive and unaddressed grievances that all ask for the immediate attention of the Blue House. The online petition system, which allows people to file a petition anonymously, has seen more than 357,000 petitions made since it was launched in August 2017 by the Moon Jae-in administratio

    [David Ignatius] Information war led to murder


    When Jamal Khashoggi entered the Saudi Consulate in Istanbul on Oct. 2, he didn’t know he was walking into a killing zone. He had become the prime target in a 21st century information war -- one that involved hacking, kidnapping and ultimately murder...

    When Jamal Khashoggi entered the Saudi Consulate in Istanbul on Oct. 2, he didn’t know he was walking into a killing zone. He had become the prime target in a 21st century information war -- one that involved hacking, kidnapping and ultimately murder -- waged by Saudi Crown Prince Mohammed bin Salman and his courtiers against dissenters.How did a battle of ideas, triggered by Khashoggi’s outspoken journalism for the Washington Post, become so deadly? That’s the riddle at the center of the column

    [Dimitri Bruyas] Resolving Taiwan’s policy toward China long overdue


    No one likes dealing with a difficult situation. But now is the time to get things done for Taiwan’s Democratic Progressive Party, which will hold a by-election on Jan. 6 to replace its chairperson, President Tsai Ing-wen, following the party’s...

    No one likes dealing with a difficult situation. But now is the time to get things done for Taiwan’s Democratic Progressive Party, which will hold a by-election on Jan. 6 to replace its chairperson, President Tsai Ing-wen, following the party’s crushing defeat in the Nov. 24 local government elections. The date was decided on Wednesday at a meeting of the party’s Central Executive Committee, but the question of whether Taiwan should maintain its policy toward China before the next presidential e

    [Pankaj Mishra] Macron fans flames of illiberalism


    In 2017, the election of Emmanuel Macron, a former investment banker, as France’s president was almost unanimously seen in the business press as a sign that the tide of “populism” could be reversed. It is true that this silver-tongued graduate of...

    In 2017, the election of Emmanuel Macron, a former investment banker, as France’s president was almost unanimously seen in the business press as a sign that the tide of “populism” could be reversed. It is true that this silver-tongued graduate of Sciences Po and Ecole Nationale d’Administration -- the nurseries of the French ruling elite -- had prevented a far-right demagogue from occupying the Elysee Palace. However, there was much in Macron’s pseudo-regal demeanor and fancy rhetoric -- which i

    [Anjani Trivedi] Huawei effect threatens China’s spy-tech champion


    There goes the future of Chinese surveillance giant Hangzhou Hikvision Digital Technology.For months, the risk of sanctions or other penalties has been hanging over Hikvision, one of the world’s largest makers of security cameras and other spying...

    There goes the future of Chinese surveillance giant Hangzhou Hikvision Digital Technology.For months, the risk of sanctions or other penalties has been hanging over Hikvision, one of the world’s largest makers of security cameras and other spying equipment. In August, President Donald Trump signed a law that forbade US government agencies from buying surveillance products from Chinese firms including Hikvision, ZTE and Huawei Technologies. In September, the New York Times reported that the US wa

    [Alex Webb] If Europe can tax Google, so can everybody else


    France and Germany have now reached a consensus on how to tax some of the Silicon Valley giants. America, the ball’s in your court. The two countries released a statement on Dec. 4 declaring their support for a 3 percent tax on digital ads, providing a...

    France and Germany have now reached a consensus on how to tax some of the Silicon Valley giants. America, the ball’s in your court. The two countries released a statement on Dec. 4 declaring their support for a 3 percent tax on digital ads, providing a breakthrough in European Union wrangling on how to deal with big tech. It’s essentially a levy on Facebook and Google parent Alphabet. The accord represents a softening of the French position, which had initially sought a broader tax on data. That

    S. Korea calls for diplomatic efforts for denuclearization, peace


    South Korean Foreign Minister Kang Kyung-wha called on South Korean ambassadors and consuls general Monday to increase their diplomatic efforts to achieve complete denuclearization of North Korea and establish peace. “Now, we are facing an important...

    South Korean Foreign Minister Kang Kyung-wha called on South Korean ambassadors and consuls general Monday to increase their diplomatic efforts to achieve complete denuclearization of North Korea and establish peace. “Now, we are facing an important opportunity for a resolution to the North Korean nuclear issue,” Kang said at the opening of the annual meeting of some 181 ambassadors and general consuls abroad.  “The journey, going forward, will not be smooth, but I believe in the power of our di

    Prosecutors to probe ex-presidential aide’s DUI case


    Two people who were in the vehicle of President Moon Jae-in’s protocol secretary when he drove under the influence last month told police they tried to stop him, concurring with the aide’s statement earlier. Kim Jong-cheon drove about 100 meters...

    Two people who were in the vehicle of President Moon Jae-in’s protocol secretary when he drove under the influence last month told police they tried to stop him, concurring with the aide’s statement earlier. Kim Jong-cheon drove about 100 meters under the influence of alcohol shortly after midnight on Nov. 23 in Hyoja-dong, Jongno-gu, near the presidential office.  Kim Jong-cheon (Yonhap)Police plan to hand over the case to the prosecution this week with a recommendation to indict Kim on DUI cha

    [Monitor] Half of Korean working moms earn less than W2m a month


    Almost half of South Korean women aged between 15 and 54 and married with under age children earn less than 2 million won every month, according to data released by Statistics Korea.The data revealed that there are 5.063 million married and working women...

    Almost half of South Korean women aged between 15 and 54 and married with under age children earn less than 2 million won every month, according to data released by Statistics Korea.The data revealed that there are 5.063 million married and working women with children under 18 as of April this year. Among them, 49.1 percent earned a monthly wage of less than 2 million won ($1,780). This was 10.8 percentage points higher than the percentage of overall workers -- both men and women -- earning less

    First trial of former senior judge held in massive judicial power abuse scandal


    The trial of Lim Jong-hun began Monday, marking the first trial in a massive judicial power abuse case involving former top court officials. At the Seoul Central District Court, the first trial was held against Lim, the former deputy head of the National...

    The trial of Lim Jong-hun began Monday, marking the first trial in a massive judicial power abuse case involving former top court officials. At the Seoul Central District Court, the first trial was held against Lim, the former deputy head of the National Court Administration, who was indicted Nov. 14 for power abuse, dereliction of duty and obstruction of justice, among other charges. Lim was not present in the trial, as it was a preparatory trial. Lim Jong-hun (Yonhap)He is suspected of aiding

    ICT exports in actual figures fall short of projection


    South Korea's actual exports in the information and communications technology sector fall way short of the projected amount the government has announced, a report submitted for parliamentary audit showed Monday.Some US$2.51 billion worth of ICT exports...

    South Korea's actual exports in the information and communications technology sector fall way short of the projected amount the government has announced, a report submitted for parliamentary audit showed Monday.Some US$2.51 billion worth of ICT exports were expected from 2014-2018 through consultation sessions held both at home and abroad, according to the report from the Ministry of Science and ICT. The government spent 10.04 billion won ($8.94 million) to support the consultations during the p

    Photographer Rotta denies sexual harassment allegations


    Photographer Choi Won-seok, widely known as “Rotta,” denied sexual harassment allegations at his first court hearing Monday.Rotta is charged of indecent assault for allegedly touching the abdomen, waist, thighs and genitals of a 21-year-old model...

    Photographer Choi Won-seok, widely known as “Rotta,” denied sexual harassment allegations at his first court hearing Monday.Rotta is charged of indecent assault for allegedly touching the abdomen, waist, thighs and genitals of a 21-year-old model during a photo shoot in June 2013.  Photographer Rotta (Rotta`s Instagram)During the trial Monday, Rotta’s lawyer acknowledged that the photographer did have physical contact with the model, but denied that it was without consent. The Public Prosecutor’

    Samsung scouting talents for autonomous driving


    Samsung Electronics is aggressively hiring software engineers who specialize in autonomous driving technologies, raising expectations that it will launch a new business unit in the field, according to industry sources on Monday. The South Korean tech...

    Samsung Electronics is aggressively hiring software engineers who specialize in autonomous driving technologies, raising expectations that it will launch a new business unit in the field, according to industry sources on Monday. The South Korean tech giant has been seeking experts in autonomous driving, an industry source said, with Samsung thought to be planning to kick-start the new business officially as early as 2019.“Samsung is looking for working-level engineers with over five years of exp

    [News Focus] Korea expanding cooperation with Latin America on cruise-logistics ports


    SEJONG - South Korea is expanding its economic partnership with South and Central American countries, which involves co-development projects on maritime affairs in the logistics and tourism segment.Earlier this year Korea signed a free trade agreement...

    SEJONG - South Korea is expanding its economic partnership with South and Central American countries, which involves co-development projects on maritime affairs in the logistics and tourism segment.Earlier this year Korea signed a free trade agreement with five Central American countries -- Honduras, El Salvador, Nicaragua, Costa Rica and Panama -- which made it the first Asian country to reach the deal with a Central American trade bloc. And Guatemala is set to join the bloc after the bilateral

    Obligation for public day care centers in new apartment complexes


    Public day care centers should be set up and operate in new apartment complexes of more than 5,000 households, and day care centers must check whether infants are vaccinated each year, as decreed in a newly revised law. The revised Infant Care Act,...

    Public day care centers should be set up and operate in new apartment complexes of more than 5,000 households, and day care centers must check whether infants are vaccinated each year, as decreed in a newly revised law. The revised Infant Care Act, proposed by Rep. Kwon Mi-hyuk, will come into effect in the next three to six months, after it passed the National Assembly on Friday, according to the Ministry of Health and Welfare.  (The National Assembly of the Republic of Korea)The government had

    [Newsmaker] Investigation, trial records of 1974 student movement to be revealed


    The investigations and trial records of the Federation of Democratic Young Students affair in 1974 are set to be revealed more than 40 years after the incident took place.National Archives of Korea on Monday announced that it received the records from...

    The investigations and trial records of the Federation of Democratic Young Students affair in 1974 are set to be revealed more than 40 years after the incident took place.National Archives of Korea on Monday announced that it received the records from the Ministry of National Defense in November. A total of 105 volumes, about 77,000 pages, of records include investigation reports, evidence, arrest warrants, written arraignments and trial reports of 180 people involved in the affair. Records of f

    Number of new companies up in 2017 on economic recovery


    The number of newly established companies in South Korea rose 4.2 percent on year in 2017, as the economy rebounded on robust exports, government data showed Monday. Some 913,000 new businesses were created last year, up 37,000 from the 876,000 tallied a...

    The number of newly established companies in South Korea rose 4.2 percent on year in 2017, as the economy rebounded on robust exports, government data showed Monday. Some 913,000 new businesses were created last year, up 37,000 from the 876,000 tallied a year earlier, according to the data compiled by Statistics Korea. (Yonhap)They made up 15.1 percent of the 6.05 million "operational companies" doing business in South Korea last year, down slightly from 15.2 percent in 2016.The number of firms

    Water meters in Seoul freeze in cold weather


     The three-day cold spell that eased Monday caused 160 water meters to freeze and burst in Seoul, the local government said. According to the Office of Waterworks Seoul Metropolitan Government on Monday, a total of 58 cases of frozen water meters had...

     The three-day cold spell that eased Monday caused 160 water meters to freeze and burst in Seoul, the local government said. According to the Office of Waterworks Seoul Metropolitan Government on Monday, a total of 58 cases of frozen water meters had been reported over the weekend as of Monday morning. (Yonhap)Temperatures fell as low as minus 11 degrees Celsius on Friday and minus 11.4 degrees Celsius on Saturday, triggering a warning to be issued for freezing water meters.After temperatures ea

    Posco to donate W10b for the needy


    South Korea’s largest steelmaker Posco plans to donate 10 billion won ($8.88 million) to assist underprivileged families, provide medical services and support the improvement of community housing by the end of the year, the company said Monday.Posco...

    South Korea’s largest steelmaker Posco plans to donate 10 billion won ($8.88 million) to assist underprivileged families, provide medical services and support the improvement of community housing by the end of the year, the company said Monday.Posco Group will donate 8 billion won while seven affiliates of Posco will contribute 2 billion won to the Community Chest of Korea. Posco Chairman Choi Jung-woo (Posco)Posco has been carrying out various outreach programs under the management philosophy o

    2019 budget for inter-Korean projects exceeds $890m


    South Korea’s budget allocated for inter-Korean projects next year has exceeded 1 trillion won ($890.7 million) for the first time since 2016, the Ministry of Unification said Monday. A total of 1.1 trillion won has been earmarked for the inter-Korean...

    South Korea’s budget allocated for inter-Korean projects next year has exceeded 1 trillion won ($890.7 million) for the first time since 2016, the Ministry of Unification said Monday. A total of 1.1 trillion won has been earmarked for the inter-Korean cooperation fund in 2019, which is 15 percent higher than the 959.3 billion won set aside for 2018, the ministry said in a report. The ministry noted that this is the first time in three years that the fund has risen to over 1 trillion won.  A Sout

    US-China trade conflict may pose risks to Korean chip makers: report


    A continued battle between the US and China to fight for global technological hegemony may pose higher risks to Korea’s two-biggest memory chipmakers, Samsung Electronics and SK hynix, next year, according to a report released by the Korea...

    A continued battle between the US and China to fight for global technological hegemony may pose higher risks to Korea’s two-biggest memory chipmakers, Samsung Electronics and SK hynix, next year, according to a report released by the Korea International Trade Association on Monday.During the latest G-20 summit, the US and China temporarily agreed to a cease-fire over their prolonged trade war. However, it will not be easy for the two nations to reach a sustainable agreement as the essence of the

    46% of Koreans for Kim Jong-un giving speech at National Assembly


    South Koreans on balance support Kim Jong-un giving a speech at the National Assembly during his envisioned trip to the South, according to a recent survey.In a poll of 503 adults across the country, 46.7 percent of the respondents said they agreed to...

    South Koreans on balance support Kim Jong-un giving a speech at the National Assembly during his envisioned trip to the South, according to a recent survey.In a poll of 503 adults across the country, 46.7 percent of the respondents said they agreed to having Kim speak at the parliament, while 40.2 percent said they were against it.   (Yonhap)The survey, conducted by Realmeater and commissioned by CBS, had a margin of error of 4.4 percentage points, with a 95 percent confidence level.Over 70 perc

    [Herald Interview] ‘I learned how to love my fate’: Sohee of Elris


    One gets the impression that Sohee has got the competitive showbiz world all figured out. In middle school, the current Elris member learned that “acceptance” was key to coping with the whirlwind life of a K-pop trainee. There were times when she...

    One gets the impression that Sohee has got the competitive showbiz world all figured out. In middle school, the current Elris member learned that “acceptance” was key to coping with the whirlwind life of a K-pop trainee. There were times when she almost succumbed to countless cut-throat competition in the course of making her debut, which she recalled as the “hardest thing” during her trainee years. But what always empowered her was the Latin phrase “amor fati,” meaning to accept and love everyt

    Woori Bank opens 4th foreign banking center


    Woori Bank, South Korea’s fourth-largest commercial bank by total assets, has opened its fourth foreign banking center in Gimpo, Gyeonggi Province, according to the bank on Monday.  An internal view of Gimpo Foreign Banking Center (Woori Bank)A...

    Woori Bank, South Korea’s fourth-largest commercial bank by total assets, has opened its fourth foreign banking center in Gimpo, Gyeonggi Province, according to the bank on Monday.  An internal view of Gimpo Foreign Banking Center (Woori Bank)A foreign banking center is a specialized branch exclusively for foreign customers. They can open a bank account and receive financial services such as cross-border money transfers, currency exchange and card management.The branch opens weekdays from 10 a.m

    LTI Korea recognizes prominent, aspiring Korean literature translators


    Each year Literature Translation Institute of Korea recognizes translators who have worked on promoting Korean literature to international readers through quality translations. This year, Masuo Omura’s Japanese translation of Lee Gi-yeong’s...

    Each year Literature Translation Institute of Korea recognizes translators who have worked on promoting Korean literature to international readers through quality translations. This year, Masuo Omura’s Japanese translation of Lee Gi-yeong’s “Hometown” was recognized as the best translation among 167 works in 29 languages published last year and submitted for consideration. Recipients of LTI Korea Translation Awards speak during a press conference held Monday at Koreana Hotel in central Seoul. (L

    Foreign flight from Korean securities market wanes in Nov.


    Foreign investors’ flight from the Korean securities market eased by the end of November, followed by signs of relief in stock performances, monthly data showed Monday.Foreign investors net purchased Korean stocks and bonds worth 447 billion won...

    Foreign investors’ flight from the Korean securities market eased by the end of November, followed by signs of relief in stock performances, monthly data showed Monday.Foreign investors net purchased Korean stocks and bonds worth 447 billion won ($397.2 million) throughout November, ending a losing streak of two consecutive months, according to the latest data compiled by the Financial Supervisory Service. They net sold securities worth 1.3 trillion won in September and 4.9 trillion won in Octob

    N. Korea bristles at S. Korea's decisions to purchase foreign weapons


    North Korean propaganda media outlets bristled Monday at South Korea's decisions to purchase foreign weapons, saying the move is no different from the confrontational attitude of the previous conservative administration.South Korea has recently announced...

    North Korean propaganda media outlets bristled Monday at South Korea's decisions to purchase foreign weapons, saying the move is no different from the confrontational attitude of the previous conservative administration.South Korea has recently announced plans to purchase Israeli-made Green Pine Block C radar systems for nearly $300 million, as well as US-made P-8 Poseidon maritime patrol aircraft and other foreign-made weapons and military hardware. Kang Hwan-seok, spokesman for the Defence Acq

    Korail resumes KTX Gangneung service


    The Korea Railroad Corp. resumed normal operations of the KTX Gangneung Line on Monday morning, as work to restore the line was completed three days after a derailment. According to Korail, a KTX train bound for Seoul from Gangneung Station departed at...

    The Korea Railroad Corp. resumed normal operations of the KTX Gangneung Line on Monday morning, as work to restore the line was completed three days after a derailment. According to Korail, a KTX train bound for Seoul from Gangneung Station departed at 5:30 a.m. with 102 passengers. The train safely arrived at Cheongnyangni station. A KTX train bound for Seoul from Gangneung Station (Yonhap)Ahead of the departure, Korail operated test rides from Gangneung Station and Jinbu Station simultaneously

    Koreas to meet this week for talks on cooperation in medical, health sectors


    Officials of South and North Korea will meet this week to discuss cooperation in medical and health sectors, including exchanging information on infectious diseases, the unification ministry said Monday.The meeting will be held Wednesday at the joint...

    Officials of South and North Korea will meet this week to discuss cooperation in medical and health sectors, including exchanging information on infectious diseases, the unification ministry said Monday.The meeting will be held Wednesday at the joint liaison office in the North's border town of Kaesong. This follows up on an agreement in November to cooperate in preventing the spread of infectious diseases and exchange information on such diseases on a trial basis this year. Kwon Jun-wook (Yonha

    E-cigarette makers using aggressive marketing tactics


    Makers of e-cigarettes are employing an active marketing strategy, reaching out directly to consumers, industry officials said Monday.KT&G, Philip Morris Korea and British American Tobacco Korea have all set up departments to exclusively promote sales of...

    Makers of e-cigarettes are employing an active marketing strategy, reaching out directly to consumers, industry officials said Monday.KT&G, Philip Morris Korea and British American Tobacco Korea have all set up departments to exclusively promote sales of their e-cigarettes and are increasing the number of their street stores. (Yonhap)Philip Morris was the first of the pack, opening a shop in June last year with the launch of its IQOS. It has since launched four more independent stores nationwide

    Park Ji-sung offers to resign as KFA youth strategy chief


    South Korean football icon Park Ji-sung has offered to resign from his post at the national football governing body, officials said Monday.Park decided to step down as the Korea Football Association (KFA)'s youth strategy department chief and the...

    South Korean football icon Park Ji-sung has offered to resign from his post at the national football governing body, officials said Monday.Park decided to step down as the Korea Football Association (KFA)'s youth strategy department chief and the football body is currently mulling over his resignation offer, according to the KFA officials.  (Yonhap)The former Manchester United midfielder took the KFA post in November 2017. It was the first time Park had taken an official position within the KFA.

    LG installs digital signage in Delhi's largest shopping mall


    LG Electronics Inc. said Monday it has installed a large digital signage at the largest shopping mall in Delhi in the latest move to promote its organic light-emitting diode displays.The new signage, built at Ambience Mall, located in the capital city,...

    LG Electronics Inc. said Monday it has installed a large digital signage at the largest shopping mall in Delhi in the latest move to promote its organic light-emitting diode displays.The new signage, built at Ambience Mall, located in the capital city, utilizes a whopping 63 units of 55-inch OLED display.  (Yonhap)Standing 8 meters tall, the signage are installed in a ring so that they can be observed at any angle, the company said. The displays will show off various advertisements, including th

    Samsung Bioepis' Humira biosimilar gains ground in Europe


    Samsung Bioepis' Imraldi, a biosimilar for Humira, has earned more than 60 percent of the market in Germany, solidifying its landing in the European market, industry data indicated Monday.The tally, as of Nov. 13 by market researcher IQVIA, showed...

    Samsung Bioepis' Imraldi, a biosimilar for Humira, has earned more than 60 percent of the market in Germany, solidifying its landing in the European market, industry data indicated Monday.The tally, as of Nov. 13 by market researcher IQVIA, showed Imraldi accounted for 62 percent of the biosimilar market for Humira in Germany. The figure was reached less than a month after the South Korean drug company launched Imraldi in Europe on Oct. 17. (Yonhap)The Samsung affiliate had competed with Sandoz

    3 South Korean shows to watch on Netflix in December


    Here are some of the best South Korean series to watch on Netflix in December -- a drama, a sci-fi thriller and a rom-com. “SKY Castle” A dark but humorous look at South Korea’s obsession with education  "Sky Castle." (JTBC)Number of episodes...

    Here are some of the best South Korean series to watch on Netflix in December -- a drama, a sci-fi thriller and a rom-com. “SKY Castle” A dark but humorous look at South Korea’s obsession with education  "Sky Castle." (JTBC)Number of episodes available: six Living in a luxurious residential area in the suburbs of Seoul, a group of housewives who are determined to see their children enter South Korea’s top medical school lay bare the country’s notorious education craze and its negative consequenc

    Dengue fever accounts for third of all cases of contagious disease contracted abroad: KCDC


    Dengue fever accounted for a third of all contagious diseases contracted by people entering South Korea from abroad, a state report said Sunday.According to the findings by the Korea Centers for Disease Control and Prevention, there were a total of 529...

    Dengue fever accounted for a third of all contagious diseases contracted by people entering South Korea from abroad, a state report said Sunday.According to the findings by the Korea Centers for Disease Control and Prevention, there were a total of 529 people diagnosed with infectious disease in 2017, with 171 cases involving the fever caused by the dengue virus transmitted by mosquitoes. (Yonhap)The disease is mostly found in tropical climates and is not indigenous to South Korea.The KCDC said

    KBS talk show under fire for ‘glorifying’ Kim Jong-un


    KBS nighttime talk show “Tonight, Kim Je-dong” has come under fire after critics accused the program of airing a segment that “glorified” North Korean leader Kim Jong-un.Tuesday’s episode included an interview with a man who described the North...

    KBS nighttime talk show “Tonight, Kim Je-dong” has come under fire after critics accused the program of airing a segment that “glorified” North Korean leader Kim Jong-un.Tuesday’s episode included an interview with a man who described the North Korean leader as “humble” and a “capable and talented leader.”Tonight, Kim Je-dong."(KBS)Kim Soo-geun, who heads the pro-Kim Jong-un group called Welcome Committee for a Great Man, introduced himself as a “real fan” of Kim on the show, before praising the

    ICT exports in actual figures fall short of projection


    South Korea's actual exports in the information and communications technology sector fall way short of the projected amount the government has announced, a report submitted for parliamentary audit showed Monday.Some $2.51 billion worth of ICT exports...

    South Korea's actual exports in the information and communications technology sector fall way short of the projected amount the government has announced, a report submitted for parliamentary audit showed Monday.Some $2.51 billion worth of ICT exports were expected from 2014-2018 through consultation sessions held both at home and abroad, according to the report from the Ministry of Science and ICT. The government spent 10.04 billion won ($8.94 million) to support the consultations during the per

    Normal operations resume on KTX Gangneung line 3 days after derailment accident


    Normal operations resumed on the KTX bullet train Gangneung line three days after a derailment accident, the Korea Railroad Corp. said Monday.The public railway operator said the first train departed Gangneung, about 240 kilometers east of Seoul, at 5:30...

    Normal operations resumed on the KTX bullet train Gangneung line three days after a derailment accident, the Korea Railroad Corp. said Monday.The public railway operator said the first train departed Gangneung, about 240 kilometers east of Seoul, at 5:30 a.m. (Yonhap)The normalization comes after a KTX train with 198 passengers that was left for Seoul derailed five minutes after leaving Gangneung station early Saturday morning. The incident resulted in 16 people getting injured. Since the derail