Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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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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Hybe's multilabel system tested amid conflict with Ador
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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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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Ministry denies blame for Jamboree debacle
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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[Editorial] Fate of a lawmaker
The fate of Rep. Kang Yong-suk is hanging in balance as the National Assembly Ethics Committee has almost unanimously agreed to expel him for a series of remarks insulting specific female professionals and other acts inappropriate for a lawmaker. The committee decision made by a vote of 12 in favor and one void will be referred to the plenary session where a two-thirds approval will finally remove
May 31, 2011
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[Editorial] Tuition wars
Three hundred representatives of student unions staged demonstrations at Seoul’s Gwanghwamun intersection Sunday. “Cut tuition by half, provide jobs for us,” the students chanted, as they were taken to police stations. On Monday, the national association of universities and colleges held an executive council meeting to demand that the government drastically expand financial support for their schoo
May 31, 2011
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[Editorial] China-N.K. ties
Only a few days after Kim Jong-il returned to Pyongyang from a week-long tour, it may be premature to assess the outcome of the North Korean leader’s latest China visit, his third in about a year. News dispatches by official Chinese and North Korean outlets provide few clues to substantial economic gains for the North but the visit again demonstrated the deepening ties between the two neighbors an
May 30, 2011
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[Editorial] Fourth-year blues?
Prosecutors are investigating a bribery case involving a top Board of Audit and Inspection official ― a scandal that will have grave political implications. It is regarded as one of the numerous scandals of similar or greater magnitude that will certainly come during the final years of the Lee Myung-bak presidency.The criminal suspect, Eun Jin-su, is the first BAI commissioner to resign on suspici
May 29, 2011
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[Editorial] No judicial reform?
The proposed judicial reform is in danger of being shipwrecked in the face of opposition from the legal profession. Political activists will do well to join hands in efforts to rescue it.Under pressure from judges, prosecutors and lawyers, the special committee on judicial reform is moving to terminate its operation at the end of June, as scheduled, though it is necessary to extend it because fina
May 29, 2011
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[Editorial] Back to 6-party talks
North Korean leader Kim Jong-il has called for an early resumption of the stalled six-party talks. According to Xinhua News Agency, Kim expressed his view that “the six-party talks should be resumed at an early date” during his summit with Chinese President Hu Jintao in Beijing on Wednesday.Kim, who returned home Friday wrapping up his eight-day visit to China, was also quoted as saying that “the
May 27, 2011
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[Editorial] Match-fixing scams
Prosecutors in the southern city of Changwon are expanding their investigation into the nation’s first match-fixing scandal involving K-League professional soccer players. They have already arrested two gambling brokers on charges of bribing two active players in their bid to rig match results and win Sportstoto lotteries. The brokers allegedly gave 120 million won to a goalkeeper of a K-League cl
May 27, 2011
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[Editorial] Households in mess
The average monthly income for households grew 3.5 percent year on year to 3.86 million won during the first quarter of this year. But spending grew at the faster rate of 4.7 percent. As a result of the gap, household debt has snowballed.At the end of the first quarter, household debt surpassed the 800 trillion won mark. Loans from banks and non-banking financial institutions and purchases on cred
May 26, 2011
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[Editorial] Identity crisis
Both advocates and detractors may scratch their heads while trying to understand where the ruling Grand National Party is headed. Given the new policies that have been adopted or proposed for adoption, they have good reason to wonder if it is the same party it was before ― a bona fide conservative force.The ruling party has been pro-business and anti-communism. As such, it has pushed for a tax cut
May 26, 2011
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[Editorial] Lessons for automakers
In auto production, it only takes a shortage of one small part to bring the whole assembly line to a screeching halt. This was well demonstrated by the week-long strike at Yoosung Enterprise Co., a manufacturer of key engine parts.The company is the larger of the two piston ring producers in Korea. It meets 70 percent of the demand of Hyundai Motor and Kia Motors and 20 to 50 percent of the demand
May 25, 2011
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[Editorial] A two-bladed sword
The National Pension Service is a big institutional investor in the domestic stock market. As of February this year, it had about 40.2 trillion won invested in local stocks, accounting for 3.8 percent of the market capitalization of the Korea Exchange’s main board or KOSPI. But the NPS has thus far limited its role as an institutional investor to proxy voting. It has never attempted to invoke such
May 25, 2011
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[Editorial] Prompt action
United States Forces Korea is acting promptly to establish facts following claims by American veterans that Agent Orange was buried at a U.S. Army camp in southern Korea. The U.S. command has issued press statements almost on a daily basis since the disclosure through a U.S. cable network last week and the Korean and U.S. authorities conducted a preliminary on-site investigation at Camp Carroll in
May 24, 2011
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[Editorial] Tuition-cut race
The Blue House staff are red-faced after the new floor leader of the ruling Grand National Party suddenly came up with a half-tuition offer for college students, one of President Lee Myung-bak’s major campaign pledges which an unfavorable economy had forced him to shelve for the past three years. Rep. Hwang Woo-yea picked it up aiming at the votes of two million college students and their struggli
May 24, 2011
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[Editorial] Four-way relations
Northeast Asia, namely China, Japan and the two Koreas, has been engaged in brisk top-level meetings since last weekend to address the increasingly complex issues involving the region. While North Korean leader Kim Jong-il was touring China, South Korean President Lee Myung-bak, Japanese Prime Minister Naoto Kan and Chinese Premier Wen Jiabao discussed security, trade and disaster control in a sum
May 23, 2011
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China should curb forcible demolitions
Forcible demolitions will not stop unless local government leaders are made to realize that they have to pay a price for exploiting land to earn revenue. The amended regulations on requisition and compensation for State-owned land took effect on Jan. 21, but only a few local land and resources officials have been punished. The central government, therefore, has to take some strict measures to ensu
May 23, 2011
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[Editorial] Visit to Kunashiri
It does not seem a very wise move that a group of South Korean lawmakers would visit one of the Kuril islands, the subject of a long-standing territorial dispute between Russia and Japan, as part of their campaign to manifest Korea’s sovereignty over Dokdo islands in the East Sea. First of all, there is little similarity between Dokdo and any of the four islands which have been under Russian juris
May 23, 2011
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[Editorial] Begging for China aid
North Korean leader Kim Jong-il is visiting China again, accompanied by his top economic officials. It is the reclusive and ailing leader’s third visit to China in a short span of one year, with the previous two visits made in May and August last year. Kim’s frequent visits to China indicate Pyongyang has made little progress in tackling its deepening economic, political and social problems. The p
May 22, 2011
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[Editorial] Agent Orange probe
The government has launched an investigation into the allegations that U.S. Forces Korea buried tons of Agent Orange at Camp Carrol in Waegwan, about 30 km north of Daegu, in 1978. The Ministry of Environment sent an inspection team to the camp area Friday to verify whether the claims, put forward by three U.S. veterans who served at the military base, are true. The three veterans told a U.S. TV s
May 22, 2011
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[Editorial] Outside directors
Chung Jin-suk, senior presidential secretary for political affairs, denies he did anything illegal when he was an outside director for Samhwa Savings Bank, which has recently slid into insolvency. He may not have breached the law but he may be criticized for negligence“Never did I attend a conference on bank management or engage in lobbying (on behalf of the savings bank),” says Chung, who took 2
May 20, 2011
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[Editorial] Favors for draftees
As a recent survey indicates, almost eight in 10 Koreans support the Ministry of National Defense’s idea of giving favors in written employment tests to those who have completed active duty. Given this high approval rate, the ministry may be tempted to believe all it needs to do is request the legislature to pass the relevant bill awaiting action.But it is not as simple as it looks. A similar law
May 20, 2011