Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Kim Seong-kon] The April 2024 election will decide our future
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Samsung C&T shareholders vote down activists' dividend hike proposal
Samsung C&T has made it through a challenging proxy season with its shareholders backing its 10 percent increase plan for dividend payouts, averting resistance from activist funds that called for significantly higher returns. Its shares sank nearly 10 percent after the general shareholders meeting took place Friday. The company's proposal to pay a dividend of 2,550 won ($1.90) per common share and 2,600 won for each preferred share was approved. Among valid stocks with voting rights, 77
IndustryMarch 15, 2024
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Ohtani leads Dodgers to S. Korea as they prepare for historic MLB series
Led by their Japanese superstar Shohei Ohtani, the Los Angeles Dodgers landed in South Korea on Friday for historic Major League Baseball games in Seoul, drawing thunderous cheers from hundreds of fans camped out at the country's main airport. The Dodgers arrived at Incheon International Airport, just west of Seoul, around 2:30 p.m. Their charter flight touched down about 14 hours after the San Diego Padres, their opponents for the two-game Seoul Series set for Wednesday and Thursday. The
BaseballMarch 15, 2024
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Uproar as ex-spy chief, accused of negligence in North Korea killing, is named to run as lawmaker
The Democratic Party of Korea’s decision to nominate the former National Intelligence Service chief Park Jie-won to run in the upcoming general election has provoked uproar from the bereaved family of the South Korean fisheries official, Lee Dae-jun, who was killed by North Korean soldiers in September 2020. As the chief of the NIS at the time, Park is a key defendant in the ongoing trial over South Korean authorities’ alleged negligence during the time between Lee’s capture by
PoliticsMarch 15, 2024
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S. Korea to host 3rd Summit for Democracy, first apart from US
The South Korean government will host the third Summit for Democracy next week, becoming the first foreign country to lead the US key initiative aimed at rejuvenating democracy and defending against authoritarianism. The three-day summit, themed "Democracy for Future Generations," is set to commence on Monday, with a ministerial conference and multistakeholder roundtable discussion on "Artificial Intelligence, Digital Technology and Democracy," the South Korean presidential o
Foreign AffairsMarch 15, 2024
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Yuhan restores chairperson post after 28 years
South Korean pharmaceutical giant Yuhan has decided to reinstate the chairperson and vice chairperson positions for the first time in 28 years, since Chairman Yeon Man-hee stepped down from his post in 1996. Yuhan shareholders approved changes to the articles of incorporation to reestablish the posts during the 101st general meeting of shareholders on Friday. Who will become the company’s chairperson and vice chairperson, however, has not yet been decided, according to the company. “
IndustryMarch 15, 2024
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Naver to reform news service for transparency
Korean internet giant Naver said Friday it would introduce a set of news service policies to enhance transparency and impartiality, with the intention of preventing defamatory media reports and strengthening measures againsts users who leave comments that violate election laws. To protect users who have suffered defamation or infringement of their rights due to media reports, Naver will provide easier access to request corrections and respond to articles online. The company will create a separat
IndustryMarch 15, 2024
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[Today’s K-pop] Seventeen to debut at Glastonbury
Seventeen will join the lineup for this year's Glastonbury Festival, becoming the first K-pop act to do so, according to Pledis Entertainment on Friday. The 13-member act will perform at one of the UK's largest music festivals along with the likes of Dua Lipa, Cold Play, SZA, LCD Soundsystem and Little Simz. The outdoor event will last for five days starting June 26. The band was also invited to headline Lollapalooza Berlin slated for September 7-8. In the meantime, Seventeen will ki
K-popMarch 15, 2024
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Kia CEO: EV3 to lead mass market shift to electric
Kia CEO Song Ho-sung on Friday said the automaker is set to lead the mass adoption of electric vehicles with the upcoming launch of the EV3, its most affordable model to date. “Despite recent fluctuations in demand, the future of electric vehicles is undeniable. Leveraging the success of our EV6 and EV9 models, we are poised to introduce the EV3 this year, finally delivering a viable option for the average consumer,” Song said in the company's annual shareholders' meeting.
MobilityMarch 15, 2024
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Seoul foundation aims for city never short of culture, art
Celebrating 20 years, the Seoul Foundation for Arts and Culture, a key organization under the Seoul city government responsible for carrying out its cultural policies, on Friday unveiled a new vision, “A City for Artistic Souls, Seoul.” With the vision, the foundation said it is expanding programs so that the capital city is never short of cultural and artistic activities in all four seasons. To achieve this goal, the foundation said Seoul will be armed with global cultural content
CultureMarch 15, 2024
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Overseas direct purchases to lead e-commerce trends: data
Amid escalating competition in Korea's e-commerce landscape, direct overseas transactions between individual sellers and consumers have become a growing trend, according to eBay. On Friday, eBay unveiled insights into this year's online direct purchase market, drawing from comprehensive annual sales data of Korean sellers gathered through its platform. Three major keywords were "Collectibles," "North America" and "March." Particularly, the keyword "Co
IndustryMarch 15, 2024
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Seoul shares snap 3-day rise on hotter US inflation; won sharply down
South Korean stocks closed nearly 2 percent lower Friday to end a three-session winning streak, as investors locked in profits following hotter than expected US inflation. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index dropped 51.92 points, or 1.91 percent, to 2,666.84. Trade volume was heavy at 575 million shares worth 12.9 trillion won ($9.7 billion), with losers beating winners 557 to 224. Institutional and foreign selling weighed down t
MarketMarch 15, 2024
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Samsung Electronics' workers threaten first-ever strike
Samsung Electronics could face its first-ever labor strike, as unionized workers have secured the right to legally conduct a walkout after wage talks between management and labor have fallen through, according to industry sources Friday. The National Labor Relations Commission, a government agency under the Labor Ministry, held a coordinating session to arbitrate the wage deal between the two parties a day earlier, but ended up deciding to stop the talks as the two sides could not reach an agree
IndustryMarch 15, 2024
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Galleries Art Fair 2024 to kick off in April amid art market dry spell
More than 150 galleries based in South Korea will join the country’s oldest art fair in early April amid a slowdown in the art market. The 42-year-old art fair is the first major art fair of the year, providing a glimpse of the year ahead. The Galleries Art Fair 2024 will begin April 3 with a VIP and press opening and will run through April 7 at COEX in southern Seoul. The 153 galleries taking part encompass Korea’s leading galleries such as Gallery Hyundai, the Kukje Gallery and Hak
Arts & DesignMarch 15, 2024
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Controversy forces cancellation of Svetlana Zakharova's performances in Seoul
The upcoming performances of renowned Russian ballerina Svetlana Zakharova in Seoul have been canceled, according to organizer InArts Production on Friday. "We have been planning and preparing for a long time since before the COVID-19 pandemic, considering various situations. However, recently, we have decided to cancel the event due to concerns about the safety of both artists and audiences, as well as at the request of the Seoul Arts Center," the organizer said in an announcement. Th
CultureMarch 15, 2024
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Ryu Jun-yeol, Han So-hee spotted together in Hawaii; agencies decline to confirm dating rumors
South Korean actors Ryu Jun-yeol and Han So-hee have been spotted on vacation at the same hotel in Hawaii, but both the actors' agencies on Friday declined to confirm rumors that the two are dating. According to posts on social media, Han and Ryu were reportedly seen vacationing together at a luxury hotel swimming pool in Hawaii. Amid the circling dating rumors, Ryu's agency released an official announcement. "It is true that Ryu is staying in Hawaii for photography work. We kindl
TelevisionMarch 15, 2024
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'Squid Game' star Oh Young-soo gets suspended term for sexual misconduct
South Korean actor Oh Young-soo, star of the 2021 hit drama series "Squid Game," was given an eight-month prison sentence, suspended for two years, for sexually harassing a woman in 2017. The 79-year-old defendant was accused of hugging the victim while on a walking trail and kissing her on the cheek in 2017. The women filed charges against Oh in December of 2021, after the elderly actor rose to stardom for his part in the Netflix series. Prosecutors pressed charges against him in No
Social AffairsMarch 15, 2024
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Yoon aide under fire for remarks over press freedom, Gwangju Uprising
President Yoon Suk Yeol's senior secretary Hwang Sang-moo has come under fire for controversial remarks about the freedom of the press and the spirit of the Gwangju Democratic Uprising. An association representing journalists from South Korean television network MBC on Friday demanded Hwang, the senior presidential secretary for civil society, apologize publicly and immediately step down. It described Hwang's stance on journalism as "shocking." Rep. Ko Min-jung of the main op
PoliticsMarch 15, 2024
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Nongshim earns over 50% of its profit from overseas on K-food hype
The sales and operating profit of South Korea's top ramyeon maker Nongshim hit all-time highs last year thanks to the popularity of ramyeon products in foreign markets, the company said Friday. The company’s operating profit in 2023 jumped by 89.1 percent from a year earlier to reach 212 billion won ($159 million), while its annual sales came to 3.4 trillion won, up 9 percent on-year. "As global inflation stubbornly remains high, ramyeon products have appealed to foreign consumer
IndustryMarch 15, 2024
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[Herald Interview] Kim Dong-jun challenges himself in 'Korea-Khitan War'
Kim Dong-jun, an actor and member of the K-pop group ZE:A, said he felt a lot of pressure in his role in "Korea-Khitan War," not only because it was such a large-scale project, but also when it came to portraying King Hyun-jong of the Goyreo Kingdom. Kim said he used the pressure he felt as an opportunity to challenge himself and tried to reflect the pressure in his acting. "Korea-Khitan War" is a 32-part historical drama produced by KBS, which narrates the story of the eig
TelevisionMarch 15, 2024
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Politician continues bashing PSG's Lee Kang-in
In what appears to be another verbal attack against national soccer team player Lee Kang-in, Daegu Mayor Hong Joon-pyo on Thursday wrote and then deleted a series of controversial comments seemingly aimed at the Paris-Saint Germain midfielder. Hong, 70, wrote on his Facebook page earlier in the day that he "hates gapjil by gold spoons." "Gapjil" refers to the arrogant attitude or actions of people in positions of power against those below them. The term "gold spoon"
SoccerMarch 15, 2024