[News Focus] Moon’s river probe order puts auditor in dilemma

The Korea Herald

[News Focus] Moon’s river probe order puts auditor in dilemma

President Moon Jae-in won the election on a promise to eradicate “accumulated evils,” clearly stating that former President Lee Myung-bak’s four-river project is among the “abnormalities” that he...

Updated : 2017.05.24 19:03

[Monitor] Top conglomerates’ operating profits soar

The operating income of South Korea’s top 10 conglomerates surged by more than 80 percent on-year in the first quarter of this year, according to Chaebul.com, Wednesday.The combined operating income ...

Updated : 2017.05.24 18:52

Korea should expand class action for minority consumers: FTC chief nominee

Kim Sang-jo, nominee for head of South Korea’s antitrust watchdog Fair Trade Commission, said South Korea should adopt class action in broader sectors to enhance the rights of minority consumers agai...

Updated : 2017.05.24 18:47

[Newsmaker] Troops deployed as Britain goes on top terror alert

Britain ordered soldiers to key sites Wednesday and raised the terror alert to maximum after the Manchester concert suicide bombing by a local man of Libyan origin who may have been radicalized in Syr...

Updated : 2017.05.24 18:37

[Graphic News] 4 rivers project

The South Korean government has injected almost 22 trillion won ($19.6 billion) into a massive rivers development project since its launch in 2008, data showed Wednesday.According to government data, ...

Updated : 2017.05.24 18:26

[Justin Fendos] What’s Russia’s angle with Pyongyang?

For those who have not noticed, Russia has steadily been increasing its cooperation with North Korea. The first major event happened in 2014, when Moscow moved to forgive about $11 billion worth of Soviet-era debt. Trade between the two nations has been on the rise and this month, a new fe...

Updated : 2017.05.24 18:19

[Other view] Congo chaos: Another ‘president for life’ in this African nation?

Three recent disastrous events in the Democratic Republic of the Congo, formerly Zaire, indicate that it may be approaching another meltdown point, not at all the first in its history. The highly contagious disease Ebola, the outbreak of which in Guinea, Liberia and Sierra Leone in West Af...

Updated : 2017.05.24 18:18

[Kim Myong-sik] Moon’s discreet steps for post-election stability

Gallup Korea has assessed an 87 percent approval rate for President Moon Jae-in (saying he “will do well for the next 5 years”) in the second week after he took office on May 10. This high rate of e...

Updated : 2017.05.24 18:18

[Pankaj Mishra] Modi’s idea of India

Three years after he was elected, Prime Minister Narendra Modi looms over India’s political scene like no other leader in the country’s recent history. And his critics must explain why his mass appeal seems unimpaired, despite his increasingly authoritarian ways and growing failures.Modi...

Updated : 2017.05.24 18:18

[Other view] Two words for Trump haters: President Pence

Please stop trying to find ways to impeach President Trump, pleads Bob Hamilton of the Toronto Star, “As bad as Trump is, the United States could actually be in worse shape in the future if Mike Pence, his seemingly benign vice president, replaces him in the Oval Office. Indeed, Pence cou...

Updated : 2017.05.24 18:18

[Editorial] Driving out evils

President Moon Jae-in has started a drive to root out the evils of the past governments, as pledged on his campaign trail.The drive started three days after he was elected. Moon ordered Cho Kuk, senior secretary for civil affairs, to review prosecutors’ investigations into the leak of a d...

Updated : 2017.05.24 18:16

[Kim Ji-hyun] Moon’s off to a good start

Red, white and blue. Those were the colors I was taught to consider as most important when I was a kid living in the US back in the 80s. They are the colors of the American flag, the flag that symboli...

Updated : 2017.05.24 18:16

Ex-diplomat stationed in Chile indicted over sexual abuse

GWANGJU -- Prosecutors said Wednesday they have indicted a former diplomat for sexually abusing a teenage girl in Chile.The former embassy official in Chile, identified only by his last name Park, is ...

Updated : 2017.05.24 18:03

SK hynix to spin off foundry biz

South Korea's No. 2 chipmaker SK hynix Inc. said Wednesday it plans to spin off its foundry business in order to beef up its competitiveness in this sector.The announcement was made through a regulato...

Updated : 2017.05.24 18:01

Woori Bank introduces robo advisers

Woori Bank has launched an artificial intelligence-based financial adviser, or “robo adviser,” as well as robots built for customer assistance at local branches. The nation’s fourth-largest commerc...

Updated : 2017.05.24 17:57