Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Naver’s Line ownership in jeopardy as Japan ups pressure
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Hybe refutes Ador CEO Min's denial of breach of trust
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S. Korea, Japan could consider simplified entry agreement: Seoul official
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[Weekender] How DDP emerged as an icon of Seoul
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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[Herald Interview] Guggenheim Museum makes a push for technology-based art with LG
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
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New chief named to anti-corruption body
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What is Green Climate Fund?
The Green Climate Fund is a new international financial institution dedicated to the fight against climate change. The idea behind it is simple: Rich countries put money into the fund ― they have pledged to raise $100 billion a year by 2020 ― which will then be directed to poor countries to support their climate adaptation and mitigation plans. The GCF officially launched at the 2011 U.N. Climate Change Conference in Durban, South Africa, and is currently governed by a board of 24 members and an
Oct. 4, 2012
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Incheon in final pitch to host climate fund
Decision on location of Green Climate Fund secretariat due mid-Oct.The countdown has begun for the selection of the host city of a U.N.-operated fund, envisioned to be the single largest source of financing for global efforts to fight climate change. About two weeks from now, the board of Green Climate Fund will meet in Incheon to decide which of the six bidding cities, including Incheon, is the best location for its secretariat. The other five in the race are Bonn in Germany, Mexico City, Windh
Oct. 4, 2012
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Late Roh's brother to be cleared of latest bribery suspicion
CHANGWON (Yonhap News) -- An elder brother of the late former President Roh Moo-hyun is expected to be cleared of suspicions that he is related to tens of billions of won (tens of millions of U.S. dollars) in a businessman's bank account, prosecution sources said Thursday.In May, prosecutors said they had discovered several tens of billions of won in the bank account owned by Roh Geon-pyeong's clo
Oct. 4, 2012
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Ex-hedge fund bosses convicted in U.S. trading case
Two former hedge fund managers were convicted Monday of insider trading charges, including allegations that one of them had made as much as $50 million on a single tip about Dell Inc. earnings in 2008.Todd Newman and Anthony Chiasson were convicted in federal court in Manhattan after a five-week trial that included testimony from two analysts for the men. The jury reached its verdict after two days of deliberations.Newman is a former portfolio manager with Stamford, Connecticut-based Diamondback
Oct. 4, 2012
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Korean universities improve in global ranking
Korean universities have gained ground in a recent global ranking due largely to increased funding, In the latest edition of the Times Higher Education World University rankings published Thursday (Korea time), Pohang University of Science and Technology rose to 50th place from 53rd last year. Seoul National University soared to 59th from 124th and Korea Advanced Institute of Science and Technolog
Oct. 4, 2012
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Ministry to inspect foreign schools for admission scam
The government announced on Wednesday it will strengthen the monitoring of international schools for Koreans, following a string of admission scams involving several conglomerate and elite families.This month, local authorities will conduct on-the-spot checks on all 51 foreign schools focusing on the admission process and students’ nationality, according to the Ministry of Education and Science and Technology.Under the current law, only children with a parent with foreign citizenship or who have
Oct. 3, 2012
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U.S. dispatches aircraft carriers to West Pacific
Two U.S. Navy aircraft carrier battle groups and a Marine Corps air-ground task force have reportedly begun operating in the Western Pacific.The move is aimed at inflicting psychological pressure on China in its territorial disputes over East China Sea islands which China calls Diaoyu and Japan calls Senkaku, according to reports on Wednesday.Tensions have risen in recent months over the islands, which lie in rich fishing grounds and on key shipping lanes. The seabed in the area is also believed
Oct. 3, 2012
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2nd random stabbing strikes town in week
Police detained a man who attacked a woman in front of a church in Chilgok, North Gyeongsang Province, on Wednesday in the second random stabbing in less than a week in the town. The 24-year-old man with a developmental disorder stabbed the 54-year-old woman in the left arm and right hand.The suspect, identified by his last name Kim, was caught by other church visitors while trying to flee the scene. Police will issue an arrest warrant after investigating his motives and mental history.On Monday
Oct. 3, 2012
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Family trouble biggest cause of student suicides: data
Family trouble was the biggest cause of suicides among students in elementary through high school at 37.5 percent in the first seven months of this year, data showed Tuesday.According to data submitted by the education ministry to Rep. Kim Tae-won of the ruling Saenuri Party, a total of 88 students in grades one through 12 committed suicide in the period, of which 33 students, or 37.5 percent, took their own lives due to family trouble.Depression or pessimism was the next biggest reason at 15.9
Oct. 3, 2012
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Costco faces protest for ignoring small business protection measures
Costco Wholesale Korea is facing increasing heat from non-governmental organizations for ignoring local regulations imposing mandatory closure for two days a month.A coalition of 520 civic groups campaigning for economic democratization announced Wednesday that it will hold a demonstration every two weeks outside the company’s branch in Yeongdeungpo in western Seoul in protest of Costco stores operating on days when they are required to close by order of local governments. The group contains som
Oct. 3, 2012
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Claims of woman’s falsified adoption may be false: report
A story of a Korean maternity home faking an infant’s death and arranging an illegal adoption to an Australian family may not be true, according to Korean news reports.Last month, Australia’s Special Broadcasting Service reported the story of “Emily Will,” who recently found her biological parents and was told that they were tricked into giving her up. The parents told Will that a midwife who helped with Will’s delivery lied about Wills because she sought adoption fees.But the Korean adoption ag
Oct. 3, 2012
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First-time child porn offenders face indictment
The prosecution has decided to indict even first-time violators of the law banning the possession and distribution of child pornography as part of the government’s war against sex crimes, officials said on Wednesday.It is illegal to possess child porn in Korea, but only a few perpetrators have been punished for it. In particular, those caught sharing and downloading the obscene material for the first time were often suspended of indictment.The Supreme Prosecutors’ Office said it will apply “zero
Oct. 3, 2012
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U.S. urges N.K. to join chemical arms convention
WASHINGTON (Yonhap News) ― A top U.S. diplomat in charge of arms control and nonproliferation demanded Tuesday that North Korea and seven other nations immediately join the Chemical Weapons Convention (CWC).“Eight states including Syria have chosen to remain outside of the Chemical Weapons Convention, and the United States calls upon all of them to join the Convention without delay,” Rose E. Gottemoeller, acting under secretary of state for arms control and international security, said in a stat
Oct. 3, 2012
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Prosecution pledges 'no mercy' on child pornography
The top prosecution pledged no leniency Wednesday on the possession and distribution of child pornography in the wake of a recent spate of sex crimes against children. The Supreme Prosecutors' Office said it will make it a rule to detain for investigation anyone suspected of having made or distributed pornography featuring minors or introduced minors for the production of such porn. Those who
Oct. 3, 2012
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Police cracks down on ‘kiss rooms' near schools
The Korean government has launched a massive crackdown on illegal businesses such as “kiss rooms” near school compounds following a slew of high-profile rape cases with minors or children as victims. The police stormed more than 4,000 illegal shops with businesses deemed harmful to youth. The police clampdown includes kiss bang (“kiss room” in Korean), referring to a service in which adult clients kiss a girl for a fee. Similar illicit sex businesses such as adult massage parlors, telephone meet
Oct. 3, 2012
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New Army chief of staff, commanders named
Gen. Cho Jung-hwan, the chief of the Army’s Second Operational Command, was named South Korea’s new Army chief of staff, the defense ministry announced Tuesday.Cho, 57, graduated from Korea Military Academy and served as commander of the 22nd Infantry Division, deputy Army chief of staff and other posts before rising to the Second Operational Command chief last year.Cho is believed to be the right person to take the lead in carrying out defense reform and building a stronger military as he is eq
Oct. 2, 2012
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Man arrested in latest random violent crime
Number of mentally troubled among criminals tripled over 10 yearsPolice arrested a mentally disabled man who stabbed a woman to death in Chilgok, North Gyeongsang Province, on Monday in the latest bout of random crimes by those with psychiatric problems and grievances against society. Around 12:10 p.m, the 34-year-old man, identified by his surname Yoon, stabbed the 21-year-old university student with a knife five times in the chest and abdomen at a marketplace underpass. After the crime, Yoon a
Oct. 2, 2012
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Educational ‘climate change’ and SMART education
“No one can deny that Korea’s high academic achievements have been backed by its ‘educational enthusiasm.’ However, in the background behind the educational enthusiasm lay the struggle of the Korean people to survive from the ruins of the Korean War.” This was what I said in an interview with a Chilean educational policymaker who visited Korea last year. He also asked me why Korean students must work late into the night in school and at private institutes despite Korea’s economic growth. This qu
Oct. 2, 2012
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Handong builds global education network
President Kim Young-gil prioritizes honesty, integrity and teamwork skills for studentsPOHANG, North Gyeongsang Province ― Nestled in a remote rural town, Handong Global University gives no clue that it is one of Korea’s most advanced schools in terms of global education. It’s a long walk though vast rice fields on the outskirts of Pohang to get to the campus which is dotted by a few small, low-rise buildings accommodating some 3,600 undergraduate students.Yet the university is famed for its ext
Oct. 2, 2012
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Two nuclear reactors halt operation due to malfunctions
Two nuclear reactors at two separate atomic power plants in South Korea stopped operation Tuesday due to technical problems, but there was no risk of radiation leak at either sites, the plants' operator said.The Shingori 1 Reactor in Busan, 450 kilometers southeast of Seoul, was shut down at 8:19 a.m. after a warning signal indicated a malfunction in the control rod, which is used to control the r
Oct. 2, 2012