Most Popular
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Yoon's approval rating plunges to all-time low
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Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
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S. Korea votes in favor of Palestinian bid for UN membership
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[From the Scene] Monks, Buddhists hail return of remains of Buddhas
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Medical schools granted enrollment quota flexibility for next year
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Yoon offers first one-on-one meeting with opposition leader next week
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France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
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Chinese man behind drug scam targeting teens nabbed in Cambodia
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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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[Graphic News] French bulldog most popular breed in US, Maltese most popular in Korea
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[Andrew Sheng] Tech giants and social inequality
The Kennedy era guru on capitalism, John Kenneth Galbraith, presciently proclaimed in the “New Industrial State” (1967) that “the imperatives of technology and organization, not the images of ideology, are what determine the shape of economic society." The cacophony of ideology, including religious fervor, is what is killing people in Ukraine, Gaza and other warring states. In the meantime, investors worldwide are chasing tech stocks like Nvidia while the rest of the wor
ViewpointsApril 9, 2024
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[Editorial] ‘Blind period’ in elections
With a single day left to go to the general election, a record turnout in early voting is being interpreted in various ways by political parties as well as media outlets. Although the high participation rate of voters in elections is generally a positive development, there is an issue linked to early voting that policymakers and election authorities have to address for future elections: the lack of real-time information about voter trends. There was no restriction in publicizing data about the t
EditorialApril 9, 2024
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Police book man in his 50s for creating fabricated video of Yoon
Police said Monday they have booked a man suspected of creating a fabricated video of President Yoon Suk Yeol apologizing for corruption and incompetence ahead of the April 10 general elections. Seoul Metropolitan Police Agency Commissioner Cho Ji-ho said during a regular meeting with the press that the man, who is in his 50s and residing in a provincial region, has admitted to making the fake video. Asked if he is affiliated with any political party, Cho said the man is "working for a poli
Social AffairsApril 8, 2024
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US unveils some $11.6 b in grants, loans to TSMC
The US government announced a plan Monday to award Taiwan Semiconductor Manufacturing Co. some $11.6 billion in grants and loans to support the chipmaker's investment for three fabrication plants in Arizona, as it strives to boost domestic semiconductor production. The Department of Commerce has signed a preliminary agreement with TSMC Arizona Corporation, a TSMC subsidiary, to provide up to $6.6 billion in grants and about $5 billion in loans under the CHIPS Act to back TSMC's investment of mor
IndustryApril 8, 2024
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Lee Jae-myung has hot mic moment on campaign trail
Democratic Party of Korea Chairperson Rep. Lee Jae-myung has come under fire after he was caught on a hot mic saying he “put on a show” after a campaign event Sunday. “I put on a show of working (hard). My back hurts,” the main opposition leader said as he was getting into his van while still live on air on his YouTube channel. The hot mic remarks came immediately after Lee held a campaign rally in a district in Incheon, where he is running for a second term in the Nation
PoliticsApril 8, 2024
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Goodbye to Whopper? Burger King’s marketing stunt stirs confusion
The announcement from Burger King's South Korean operator that it would stop selling its popular Whopper lineup has stirred up controversy and mixed opinions over whether it is merely a marketing stunt or not. Early Monday morning, Burger King informed customers through its website and mobile messenger KakaoTalk about the end of Whopper sales. "Whopper sales will end after 40 years," the announcement read. "We thank everyone who has loved the Whopper all this time." Acco
CompaniesApril 8, 2024
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S. Korea, Japan, China finalizing date for Seoul summit: FM
South Korea, Japan and China are in the process of finalizing a date for a trilateral summit that has not taken place since December 2019, South Korea's Foreign Minister Cho Tae-yul said Monday. Cho confirmed this during his meeting with Secretary-General Lee Hee-sup of the Trilateral Cooperation Secretariat, according to South Korea’s Foreign Ministry. The TCS is an international organization dedicated to fostering lasting peace, shared prosperity and cultural exchange among South Ko
Foreign AffairsApril 8, 2024
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[KH Explains] Banks puzzled by derivatives misselling proposal
South Korean regulators’ push for banks to make up for investors’ losses incurred from equity-linked securities tied to a Hong Kong index has left both Korean and foreign banks baffled. Korea's major lenders accepted compensation guidelines suggested by financial watchdog the Financial Supervisory Service last month, agreeing to partly redress investors for the losses from the ELS products. The payback scheme is expected to cost around 2 trillion won ($1.47 billion) in total for
IndustryApril 8, 2024
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Late Hanjin chairman’s legacy honored in new biography
Hanjin Group, the South Korean aviation conglomerate behind the nation's flag carrier Korean Air, announced Monday the release of a biography honoring the life and accomplishments of its late chairman Cho Yang-ho. The book, titled “Charting New Horizons: the Life and Legacy of Cho Yang-ho”, was unveiled during Cho's memorial ceremony held on the same day in Singal, Yongin, Gyeonnggi Province. After joining Korean Air in 1974, Cho Yang-ho emerged as a visionary figure in the
IndustryApril 8, 2024
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7 in 10 Korean retailers feel threat from Chinese e-commerce rush
Seven out of 10 retailers in Korea say they feel threatened by the rapid expansion of Chinese e-commerce platforms, especially the big three -- AliExpress, Temu and Shein -- an industry-wide survey found Monday. Of the 500 retailers surveyed by the Korean Chamber of Commerce and Industry, the nation’s largest business lobby, 69.4 percent said their businesses are under threat by the Chinese rush, while 74.4 percent expected heightened competition in the market. Almost 60 percent of online
IndustryApril 8, 2024
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Teachers' rights to be specified in Seoul education policies
Education authorities in Seoul plan to add a clause specifying the protection of teachers in the student rights plan for the next three years, in light of a series of cases last year related to abuse against teachers. The Seoul Metropolitan Office of Education is currently cooking up the first draft of the student rights comprehensive plan for 2024-2026, and is set to hold a public hearing at its Jongno headquarters on May 11 for feedback from experts, the public, students, parents and teachers
Social AffairsApril 8, 2024
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[Today’s K-pop] Le Sserafim to host 1st fan meet tour in Japan
Le Sserafim will meet and greet fans in Japan through its first fan meet tour in the country from late June, agency Source Music said Monday. The group of six will visit four cities – Hyogo, Aichi, Kanagawa and Fukuoka – for nine meetups from June 29 to July 31. It will be an expansion of the group's fan meet event, “Fearnada 2024 S/S,” which will be held in Seoul on May 11-12. The group officially debuted in Japan with the single “Fearless” in January
K-popApril 8, 2024
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Foreigners' stock investment hits record high in Q1
Foreign investors sustained a five-month buying streak in the South Korean stock market, resulting in an unprecedented quarterly volume. The Financial Supervisory Service disclosed Monday that foreign investors amassed a total of 15.8 trillion won ($11.67 billion) worth of local shares in the first quarter of this year, marking the highest recorded amount since the agency started compiling data in 1998. In March, approximately 5.1 trillion won streamed into the domestic stock market from oversea
MarketApril 8, 2024
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National Dance Company's 'Book of the Dead' to journey beyond the veil
Empty-eyed female dancers gracefully whirl around, their movements intertwined with pounding beats. The scene reinterprets the traditional ritual of ground hardening of burial to protect the resting place from outside intrusion. Set to premiere at Haeoreum Grand Theater on April 25 where it will run through April 27, “Book of the Dead” is the latest work by the National Dance Company of Korea, affiliated with the National Theater of Korea. Choreographed by the state dance company
PerformanceApril 8, 2024
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Man injured trying to stop misogynist attack to be honored
A South Korean man who sustained serious injuries while trying to stop an assault of a woman will be designated as a "wounded noble person" by the law and receive state compensation, the city government of Jinju said Monday. The city government recently granted a model citizen certificate to the man in his 50s, and is preparing for the abovementioned official designation. The Act on Honorable Treatment and Support for Persons Who Died or Were Injured for Public Good stipulates benefits
Social AffairsApril 8, 2024
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[Korea Quiz] Korean phone etiquette
Find the answer at the bottom. Phone calls can be tricky without the benefit of facial expressions to convey tone or intent. To avoid misunderstandings in Korea, knowing about phone etiquette is key. The greeting “yeobosaeyo” is equivalent to “hello,” and is used by both the caller and the receiver, but it is typically used only during phone conversations, not in other contexts. However, as it has become common to identify a caller through caller ID, many Koreans no
Hashtag KoreaApril 8, 2024
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[Herald Interview] 'A Midsummer Night's Dream' countertenors aim to win over Verdi, Puccini, Wagner fans
When "A Midsummer Night's Dream," an opera adapted by Benjamin Britten, premieres in South Korea later this week in a production by the Korea National Opera, it will represent two rarities here. An opera with a libretto from William Shakespeare's play of the same title, it will stand out as a rare English-language opera in a country where the works of Verdi, Wagner and Puccini are beloved. Additionally, the opera is one of very few to include countertenors in the leading role
CultureApril 8, 2024
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[Herald Review] ONF mark new start with concert, new album
ONF returned to the stage after a hiatus brought on by military service, presenting an energetic performance. The six-member group performed a stand-alone concert, dubbed “Spotlight,” at the KBS Arena, Gangseo-gu, Seoul, on Saturday and Sunday. Dressed in sparkling white suits, the group kicked off the concert with a series of charismatic songs including "New World," "Ugly Dance," and "Gucci," setting the tone for the concert. "I've been waitin
PerformanceApril 8, 2024
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Beha Philharmonic celebrates 10th anniversary with concert
The Beha Philharmonic Orchestra will celebrate its 10th anniversary with a concert on April 12 at the Lotte Concert Hall. Conducted by Kim Bong-mi, the first part of the concert will feature vocal performances by three tenors and the second part will have an orchestral performance. Three tenors Jin Sung-won, Kim Dong-won and Lee Dong-myong will together perform ,"” a tenor aria from Verdi's opera "Il Trovatore" and “Nessun dorma” from Puccini's oper
CultureApril 8, 2024
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Seoul shares end tad higher on auto, battery stocks
South Korean stocks ended slightly higher Monday on the back of autos and batteries following stronger-than-expected US jobs data. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 3.44 points, or 0.13 percent, to 2,717.65. Trade volume was moderate at 611.2 million shares worth 10.36 trillion won ($7.6 billion), with decliners outpacing gainers 590 to 277. Foreigners bought 207.6 billion won worth of local shares, while retail investors and instit
MarketApril 8, 2024