Most Popular
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Yoon’s jailed mother-in-law excluded from latest parole list
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Korea’s homegrown nanosatellite successfully launches into space
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Hybe's multilabel system tested amid conflict with Ador
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Aging population to drive down Korea's housing prices from 2040: experts
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Ahn, Park channel Kim DJ’s legacy
Presidential candidates Ahn Cheol-soo and Rep. Park Geun-hye made differing assessments of the political legacy of former liberal President Kim Dae-jung on Wednesday.The two were participating in a forum hosted by the Kim Dae-jung Foundation.In his address, Ahn focused on his keyword “change,” stressing that Kim brought fresh air to the country when elected the first-ever liberal president in 1997
Oct. 17, 2012
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Lee's confidant draws 2-year jail term in bribery case
Park Young-joon, former vice economy minister and close aide to President Lee Myung-bak, was sentenced to two years behind bars for taking bribes in return for peddling his influence in winning government approval for a massive construction deal.The Seoul Central District Court handed out the prison sentence to the former vice minister of Knowledge Economy, also ordering him to forfeit 194.78 mill
Oct. 17, 2012
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Prosecutors raid homes of Lee’s brother and son
Investigators raided the offices and residences of President Lee Myung-bak’s son and eldest brother on Wednesday as part of a probe into suspicions over a now-scrapped project to build Lee’s retirement home. The raid came one day after the independent counsel team banned 10 people involved from traveling overseas. They included the president’s son Si-hyung, former presidential security service chi
Oct. 17, 2012
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Park revs up unity campaign again
The ruling Saenuri Party’s presidential candidate Rep. Park Geun-hye charged ahead with her campaign for national unity Tuesday while shunning her opponents’ calls to admit her links to the Jeongsu Scholarship Foundation.The former party chairwoman pledged to work on restoring the honor of the victims of the so-called Buma struggle of October 1979, when students and citizens of Busan and Masan took to the streets to protest the Yushin regime of former President Park Chung-hee, the candidate’s la
Oct. 16, 2012
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No clear front-runner in presidential race: polls
With two months left until the Dec. 19 presidential election, polls still indicate no clear front-runner. But Saenuri Party candidate Rep. Park Geun-hye showed some gains despite recent controversy over her historical views and appointments that widened divisions within the ruling party. A poll conducted from Oct. 12 to 14 suggested that Park has recovered some ground, outstripping Rep. Moon Jae-in of the main opposition Democratic United Party and independent Ahn Cheol-soo. In hypothetical two-
Oct. 16, 2012
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Park, Ahn call for Asia cooperation
Saenuri Party presidential candidate Park Geun-hye and independent candidate Ahn Cheol-soo on Tuesday stressed the role of national leadership to promote reconciliation and cooperation in Northeast Asia.Speaking at the Asia Future Forum held in Seoul, the two candidates presented their ideas for paradigm shift in leadership in a rapidly changing world. “I think that first ‘leadership of integration’ is needed. (Korea) needs leadership that reflects the uniqueness of our modern history and heals
Oct. 16, 2012
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Jeongsu, NLL pulled to center of election battle
Rival parties launch counterattacks on opposing candidatesRival parties escalated attacks Monday against each other over the Jeongsu Scholarship Foundation and the Northern Limit Line controversies, both demanding parliamentary probes.The main opposition Democratic United Party ripped into the reported backdoor discussions involving the foundation formerly run by the Saenuri Party’s presidential candidate Rep. Park Geun-hye to help her campaign in Busan.The ruling party, in turn, claimed that DU
Oct. 15, 2012
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[Newsmaker] Law professor key figure in candidate unification push
Progressive law professor Cho Kuk is emerging as an unlikely kingmaker mediating a tricky process to generate a united opposition candidacy. Cho is one of the country’s best known liberal academics and fiercest critics of party politics. He made headlines in September when he was mentioned as a potential member of Democratic United Party Moon Jae-in’s campaign. However, the academic has so far remained away from the election campaigns saying that he will play a role in the unification process.
Oct. 15, 2012
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Ahn remains firm against DUP’s pleas for unity
Independent presidential candidate Ahn Cheol-soo once again dismissed the main opposition Democratic United Party’s repeated suggestions that he should join the party and come to candidacy unification talks.“The people demanded that Ahn display detailed policies and visions, whereas they asked the DUP to look back on its faults and renew itself,” said Kim Song-sik, co-chair of Ahn’s election camp in a radio interview on Monday.“It is now time (for both sides) to respectively focus on communicati
Oct. 15, 2012
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Overseas Korean business leaders to gather at COEX
The 11th World Korean Business Convention will kick off in Seoul on Tuesday, bringing together nearly 1,000 overseas Korean entrepreneurs from 47 countries and 2,000 domestic business leaders. The three-day event will offer a wide range of programs catering to each business sector and industry under the slogan of “The Power of Global Korean: Hansang Network.”The annual convention is organized by the Overseas Koreans Foundation and the Seoul Metropolitan Government.“We hope to provide an avenue i
Oct. 15, 2012
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Ahn rejects Moon’s proposal for political reform panel
Independent presidential candidate Ahn Cheol-soo refused his rival Moon Jae-in’s proposal to form a joint group for political reform as an initial step toward unifying their candidacy.Ahn said it is time for the contenders to focus on work for political renewal rather than electoral maneuvering.“Now is the time for us to respectively work for changes and meet the people’s expectations,” he said through his spokesperson Yoo Min-young.Ahn and Moon are widely expected to merge their candidacy to co
Oct. 14, 2012
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Negative campaigns build
DUP hits back at Park over Jeongsu Scholarship FoundationThe main opposition Democratic United Party on Sunday stepped up accusations against Saenuri Party presidential candidate Park Geun-hye over a controversial private foundation formerly run by her and her family. It claimed that the Jeongsu Scholarship Foundation’s reported plan to cash out on its equity holdings in media firms and spend the proceeds on big welfare programs in Busan was a thinly disguised attempt to help Park’s presidentia
Oct. 14, 2012
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Ahn outlines economic reform plan
Independent candidate promises to curb unfair conglomerate practicesIndependent presidential candidate Ahn Cheol-soo on Sunday laid out his plans for economic reform centering on enhanced control of chaebol, or family-owned conglomerates. The former software entrepreneur and professor promised to curb illegal inheritance, unfair trade and reckless expansion through affiliates among large businesses. He also proposed a forceful separation of group affiliates as the last resort if they fail to com
Oct. 14, 2012
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Building trust and strength should be focus of N.K. policy: expert
Cronin from CNAS cautions against S. Korean military’s complacencyA security expert has advised that the new South Korean president forge a strategic plan for building both “trust and strength” to better deal with North Korea.In doing so, Seoul should work with the international community so that Pyongyang’s tactics of dividing neighbors no longer work, Patrick Cronin, senior director of the Asia Program at the Center for a New American Security, told The Korea Herald.The Washington-based think
Oct. 14, 2012
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Opposition lashes out at scholarship foundation for stake sales move
A scholarship foundation set up by the late father and president of the ruling Saenuri party's presidential hopeful Park Geun-hye decades ago has surfaced as a major political issue ahead of December's presidential polls.The Jeongsu Scholarship Foundation was set up by late President Park Chung-hee in 1962, a year after he seized power in a military coup. Critics argue that the foundation came int
Oct. 14, 2012
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Three presidential candidates gather in marathon event
The three leading presidential candidates gathered in a marathon event on Saturday, the first time for the contenders to appear together for a photo session with the showdown only two months away.Rep. Park Geun-hye of the ruling Saenuri Party, Rep. Moon Jae-in of the main opposition Democratic United Party and Ahn Cheol-soo, an independent candidate, showed up at the marathon event held at World C
Oct. 13, 2012
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Ahn envisions presidential panel on corporate reform
Independent presidential candidate Ahn Cheol-soo announced Friday that he will set up a presidential committee for reforming the country’s family owned-conglomerates, known as chaebol.In a press release, Ahn’s campaign advisers said that the independent candidate plans to establish a presidential committee for overseeing related measures in order to implement “comprehensive and systematic” conglomerate reform. “Chaebol’s influence is expanding, but effective responses have been lacking due to th
Oct. 12, 2012
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Ahn holds virtual town hall talk with overseas voters
Independent presidential candidate Ahn Cheol-soo held a virtual town hall meeting at his campaign headquarters on Friday in an effort to woo overseas Korean voters, who will be eligible to participate in the presidential election for the first time this year. Young Korean voters primarily in their 20s residing in the United States, Japan, Norway, Malaysia and other countries asked Ahn questions over video chat in real-time. Also present at the forum were Facebook and Twitter users as well as cam
Oct. 12, 2012
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Moon pledges to fortify border
Democratic United Party presidential candidate Rep. Moon Jae-in said Friday that he would uphold the Northern Limit Line of the West Sea and prepare firm security capacity to fend off any type of provocation by North Korea.“I will sternly maintain the NLL and promote measures to ease the tension (with North Korea) simultaneously,” Moon said in his announcement of his position on security and defense policy.“A country cannot exist without security. In order to protect the nation’s interest and bo
Oct. 12, 2012
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NLL spat threatens to boil over
Democratic United Party presidential candidate Rep. Moon Jae-in spoke out for the first time on Friday about the allegations that late President Roh Moo-hyun had agreed to abandon the northern limit line.The main opposition DUP and the Saenuri Party have been arguing over the claim, with the conservative ruling party formally requesting a parliamentary investigation into the issue. “As a presidential candidate, I will take responsibility (if the allegations are true) and be judged by the public,
Oct. 12, 2012