Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Hybe's multilabel system tested amid conflict with Ador
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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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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Medical reform committee kicks off despite boycott from doctors
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[Graphic News] Korea logs record tourism profitsTourism
South Korea achieved record-high tourism income in September, due to an increase in the number of Chinese visitors, according to data by the Bank of Korea and the Korea Culture and Tourism Institute.The nation’s total tourist income reached $1.76 billion last month, exceeding $1.7 billion for the first time and marking a 35 percent leap from the same period in the previous year. Also, related businesses turned net profits for the first time in 28 months.The gain was mostly attributed to the grow
Oct. 30, 2014
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[Graphic News] Temporary workers on the rise in Korea
The number of temporary workers in South Korea has exceeded 6 million this year for the first time, according to government figures Wednesday. As of August, there were a total of 6.07 million temporary workers here, Statistics Korea said. The figure was up by 131,000 people compared to a year earlier. Among the different types of temporary workers, the number of part-time employees working for designated periods of time grew the most, increasing by 148,000 to reach 2.03 million, the figures show
IndustryOct. 29, 2014
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[Graphic News] Idle corporate money hits record high
Investors are increasingly facing difficulty in finding appropriate investment instruments to park their money for decent returns amid a bearish run on the local stock market and lingering economic uncertainties, data showed Tuesday.The country’s short-term funds, including currency in circulation, all financial products with a maturity of less than six months, and money parked for stock investment, amounted to a record 757.4 trillion won ($720 billion) as of the end of August, a sharp increase
Oct. 28, 2014
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[Graphic News] Ranges of N.K.’s ballistic missiles
U.S. Forces Korea Commander Curtis Scaparrotti said Friday that North Korea was thought to have the capability to miniaturize a nuclear warhead. His remarks escalated concerns that Pyongyang is getting close to weaponizing its nuclear capability by placing it atop a missile, which could pose a threat not only to South Korea but also to the U.S. The North conducted nuclear tests in 2006, 2009 and last year, and experts say Pyongyang might have accumulated the technology to build nuclear warheads
North KoreaOct. 27, 2014
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[Graphic News] Google executive Alan Eustace sets world skydiving record
Alan Eustace, a senior vice president of Google, has broken the world altitude record for a parachute jump that was set just two years ago. The 57-year-old jumped from near the edge of the stratosphere in a specially-designed spacesuit over the southern New Mexico desert. The American hit a top speed of 1,321 kph during a freefall that lasted four minutes and 27 seconds. He exceeded the speed of sound, setting off a small sonic boom.He set off from a runway in Roswell, New Mexico, connected to a
World NewsOct. 26, 2014
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[Graphic News] Unhealthy teen habits getting worse
Roughly 1 in 7 male students in middle and high school smoke, a recent report by the state-run Korea Centers for Disease Control and Prevention showed.The study on 80,000 students across Korea showed that the 14 percent of teenage boys smoked at least once a month. However, the smoking rates for girls have fallen steadily, from 8.9 percent in 2005 to 4 percent in 2014.The report also showed that students are consuming more fast food, soft drinks and an increasing number are skipping breakfast, w
Social AffairsOct. 23, 2014
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[Graphic News] Korea’s coffee imports to hit record
The amount of coffee imported to Korea is expected to reach a record high this year amid burgeoning demand, according to statistics from the Korea Customs Service.The agency said coffee ― including green beans and roasted beans ― imported during January to September this year weighed 99,372 tons. The figure was up 18.7 percent compared to the 83,693 tons in the same period last year. It surpasses the previous high of 92,040 tons recorded in 2011, the largest amount since 1990.The value of the im
Oct. 22, 2014
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[Graphic News] Unified Korea’s per-capita GDP to $70,000 in 2050: study
The gross domestic product per capita of a unified Korea would reach $73,747 in 2050, the second-highest GDP figure among G20 countries, according to a projection made on Monday.Professor Kim Byung-yeon of Seoul National University said a unified Korea’s economy would grow at an annual rate of 4.51 percent, with more than 50,000 jobs created each year from 2015 to 2050.Kim said a unified Korea’s GDP per capita would rank 11th ($35,718) among OECD member nations in 2030, and make a big jump to th
PoliticsOct. 21, 2014
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[Graphic News] Korean currency, stocks trail Asia rivals
South Korean currency and stocks have been the worst performers among emerging markets in Asia this month amid concerns of a slow economic recovery and a set of negative external factors, market data showed Sunday.According to the data, the South Korean won tumbled 2.06 percent against the greenback over the past 17 days, the largest drop among the currencies of seven emerging markets in Asia.Malaysia came next with a 0.4 percent drop in the value of its currency against the dollar, followed by
Oct. 20, 2014
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[Graphic News] The Pangyo Techno Valley accident
Grates covering a ventilation shaft for an underground parking lot collapsed under the weight of people watching a K-pop event Oct. 17. So far, 16 people have died, and eight of the 11 people injured in the accident are said to be in critical condition.
Social AffairsOct. 19, 2014
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[Graphic News] 1 in 10 Korean teenagers suffers depression
One in 10 teenagers in Korea suffers from depression, data showed Thursday.About 490,000 or 11.2 percent of teenagers aged 12 to 18 had experienced severe sadness or depression that lasted for about two weeks last year, according to Korea Centers for Disease Control and Prevention data.The data showed that the number teenagers feeling depressed went up by 2.7 percent in the past four years, with more girls feeling depressed than boys.The rate of depression in girls rose each year to reach 16 per
Social AffairsOct. 16, 2014
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[Graphic News] Africa urges quicker Ebola response
Leaders of the three West African nations hardest hit by Ebola sought support from the international financial community amid warnings that the widening epidemic is devastating the region’s fragile economies. The presidents of Liberia, Sierra Leone and Guinea discussed strategies to combat the deadly virus during a meeting in Washington of the World Bank and the International Monetary Fund. The World Bank, which provides loans and funding to developing nations, has pledged $400 million to help c
World NewsOct. 15, 2014
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[Graphic News] Low earners gain least from Park’s health policy
Fewer low-income earners in South Korea have benefited from the national health insurance program’s increased coverage of expenses related to the “four major diseases” that require costly treatment, including cancer and heart disease, while high-income earners recouped far more benefits from the policy, according to Rep. Ahn Cheol-soo’s office.The four serious diseases are cancer, heart disease, cerebrovascular disease and a total of 138 incurable conditions such as Crohn’s disease.According to
PoliticsOct. 14, 2014
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[Graphic News] Korea has highest mobile phone prices in OECD
Mobile phones in South Korea were the most expensive in the Organization for Economic Cooperation and Development, according to government data released Sunday.The initial price upon release for handsets stood at $230.56 last year, followed by Japan with $200.72. The U.S. ranked 18th place with $107.55.Prices have been decreasing annually since 2011, but it still came higher than Japan, which had been considered generally expensive.In contrast, prices of premium phones has been on the rise annua
World NewsOct. 13, 2014
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[Graphic News] 1 in 4 Korean boys suffers from obesity
One in four South Korean male children aged 5 to 17 are obese, a rate that is higher than the OECD average, according to the nation’s Health Ministry.According to the ministry, 25 percent of young male Koreans are obese, compared to the OECD average of 23 percent.The ministry announced the statistics using Organization of Economic Cooperation and Development data from no earlier than 2010. “Some 60 percent of obese children end up becoming obese as adults as well,” said the Health Ministry in a
TechnologyOct. 12, 2014
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[Graphic News] Half of major firms’ board members come from SKY, overseas schools
Almost half of the executives at affiliates of the nation’s top 10 companies were found to be graduates of South Korea’s leading three universities or from schools abroad, according to Chaebul.com, a website devoted to conglomerate data. Up to 594 ― or 23.9 percent ― of the 2,483 surveyed executives were graduates of Seoul National University, Korea University and Yonsei University, while another 22.6 percent were from overseas universities as of last year. Among the executives, 10.2 percent wer
IndustryOct. 9, 2014
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[Graphic News] More than 1,200 schools have sex offenders living nearby
The number of sex offenders who live near schools stood at 5,098 as of this year, with 1,273 schools affected, data showed Wednesday. According to the Ministry of Education, 4,270 sex offenders live near elementary schools while 635 and 191 sex offenders live near middle and high schools, respectively.An average of 7 in 10 schools in Korea are located in a neighborhood where at one sex offender lives. And 102 schools are within a 1 km radius of the residences of more than 10 sex offenders. Paren
Social AffairsOct. 8, 2014
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[Graphic News] Public pension recipients to increase 8.2% next year
The number of South Koreans receiving public pension payments will rise by 8.2 percent next year, according to a government report submitted to the National Assembly.The public pension system consists of four pension programs, including the state pension and separate programs for public servants, military officers and public school teachers.According to the report, 4.69 million Koreans will receive public pension payments next year, while only 4.33 million received them this year. In total, some
Social AffairsOct. 7, 2014
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[Graphic News] Korea’s national debt rises
The South Korean central government’s debt is on the rise, according to government data released Monday. The debt is expected to grow this year to 496.8 trillion won ($464 billion), up 7 percent from 464 trillion won last year, according to a mid-term debt management plan submitted to the National Assembly.The interest on that debt is an expected 21.2 trillion won, up 12 percent on-year, as state borrowing continues to rise. This is the first time in the country’s history that interest on debt h
Oct. 6, 2014
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[Graphic News] Kakao founder tops IT rich list
Kim Beom-su, the founder of mobile messenger service Kakao Inc., has become Korea’s wealthiest IT entrepreneur by stock value, financial market researcher’s data showed. After Kakao merged with the country’s No. 2 portal Daum Communications Co., Daum shares have rallied on the tech-focused secondary bourse KOSDAQ, according to recent data provided by corporate financial information provider FnGuide.Lee Hae-jin, the founder and CEO of the country’s biggest portal Naver and who had long held the t
TechnologyOct. 5, 2014