Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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[Herald Interview] Sky Asia pushes for Myanmar’s first cable car project
A Korean company is helping develop infrastructure for the rising tourism industry on Myanmar as it plans to build and operate the first cable car in Mount Kyaiktiyo in Mon State next year.“The cable car will give easier access to Kyaiktiyo Pagoda, better known as the golden rock, located at the summit of the 1,100-meter high mountain,’’ Sky Asia CEO Yoo Sun-ha said in a recent interview with The Korea Herald. Sky Asia CEO Yoo Sun-ha. (Chung Hee-cho/The Korea Herald)Currently, visitors can reach
IndustryFeb. 23, 2015
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[Herald Interview] ‘Russia-N. Korea cooperation will clear way for Eurasia Initiative’
South Korea should take advantage of cooperation between Russia and North Korea to smooth the way for regional economic integration and improve inter-Korean relations, an expert said in an interview with The Korea Herald last week.According to Park Byung-in, a professor at the Institute for Far Eastern Studies and at Kyungnam University’s Department of Political Science and Diplomacy, the recent harmonization between Moscow and Pyongyang is the result of both countries’ desire to wriggle out of
Foreign AffairsFeb. 22, 2015
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[Herald Interview] AERIX eyes China air quality market
AERIX, a leading South Korean solution provider for air pollution control and protection, is stepping up its efforts to enter China as the country is poised to raise the bar for air quality improvement from 2016.“The company has set its sights on the growing business opportunities in Chinese power generation and manufacturing sectors,’’ AERIX CEO Kim Kun-ho said in a recent interview with The Korea Herald.More specifically, the company will target China’s coal-powered plants and other industrial
IndustryFeb. 12, 2015
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[Herald Interview] Pierre Herme on his macaron empire
To understand Pierre Herme, it is almost implicitly understood that a bite of one of his world famous macarons is the first step. Luscious, fragrant and delicate, macarons like his orange blossom-rose-ginger morsel serve as sufficient proof as to why he has been touted “the Picasso of Pastry” by French Vogue. Now, with two boutiques in Seoul, the master himself is here in South Korea for a four-day trip that includes, of course, meeting with his fans and visiting his shops. When he sat down for
FoodFeb. 10, 2015
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[Herald Interview] ‘Seoul should be flexible in reopening inter-Korean dialogue’
Seoul needs wider flexibility in reopening inter-Korean dialogue, a political scientist said, urging the Park Geun-hye administration to actively engage in “preventive diplomacy” with Pyongyang to keep cross-border tensions from escalating.Moon Chung-in, a political science professor at Yonsei University, stressed that the nation should be proactive in tackling North Korean issues, noting that after all, the South would have to bear the full brunt of any conflict on the peninsula. Moon Chung-in
Social AffairsFeb. 9, 2015
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[Herald Interview] Olympus Capital seeks diversification
For an investor to distinguish itself in the highly competitive Asian market, the key task is to select an area of business that is neither too narrow, nor too vague.Based on this principle, Olympus Capital Holdings Asia, a private equity firm with a focus on investing in Asia, has decided to target three sectors: agribusiness, environment and clean energy, and financial and business services.“There is little doubt that Asia is one of the few places where one may expect sustainable growth,” Dani
Feb. 9, 2015
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[Herald Interview] ‘Korea needs new perceptions, tools for housing market’
Korea needs to use the financial resources of the private sector and new, innovative tools to sustain the real estate market for long-term stability, according to Jin Chang-ha, a Hanyang University professor who specializes in real estate finance and investment.The market is facing a paradigm shift, with “jeonse” leases ― lump sum deposits in lieu of rent ― quickly being replaced by rental agreements. In this situation, financial tools such as real estate investment trusts or funds via public-pr
Feb. 6, 2015
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[Herald Interview] ‘Jeonse is fading out of the market’
Korean tenants have traditionally preferred fixed “jeonse” leases to more expensive monthly rents, but increasingly they are feeling the pinch, as the supply of jeonse properties dries up. Son Jae-young, professor at Konkuk University’s Real Estate Department.According to property market expert Son Jae-young, Koreans may have to accept the system’s disappearance. Jeonse is not a welfare system, he points out but was designed on economic grounds, and market conditions may mean it will fade away.“
Feb. 6, 2015
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[Herald Interview] KFS seeks to boost youth employment
Korea Forest Service Minister Shin Won-sop said that the state-run afforestation agency would continue to step up efforts to forge strategic partnerships overseas, and support Korean SMEs to stably invest in Southeast Asia’s forestry sector in the long term.KFS Minister Shin Won-sop. (KFS)The exchanges with countries such as Indonesia and Cambodia will help Korea secure necessary wood resources for sustainable growth, and create jobs for the young.He stressed the importance of job creation not o
Feb. 5, 2015
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[Herald Interview] Partnerships key to fighting poverty, inequality: Oxfam
With a new office in Seoul, Oxfam is ready to forge partnerships with other relief groups, businesses and civil society here to fight poverty, inequality, climate change and other global challenges, a senior official at the organization said. Chris Ashworth, international market development manager at Oxfam Great BritainChris Ashworth, international market development manager at Oxfam Great Britain, played a key role in the office’s launch in October. While carrying out fund-raising campaigns,
Foreign AffairsFeb. 4, 2015
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[Herald Interview] ‘Seoul needs to take initiative on N.K. issues’
Seoul needs to take the initiative in addressing a range of pending North Korean issues as Washington is unlikely to take any bold steps, riled by Pyongyang’s provocative and unruly behavior including a recent hack into Sony Pictures, a U.S. scholar said.Stephan HaggardIn an interview with The Korea Herald, Stephan Haggard, North Korea expert at University of California, San Diego, urged Seoul to lift its economic sanctions against Pyongyang and promote commercial cross-border exchanges to bring
North KoreaFeb. 2, 2015
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[Herald Interview] Korea-U.S. alliance linchpin of regional peace: ambassador
The top U.S. envoy to Korea has reaffirmed America’s security commitment to its key regional ally, stressing that his country “stands steadfast” alongside South Korea in countering North Korean military threats.“The level of trust between our governments remains very high, as demonstrated in the operational control agreement, the special measures agreement and the Korea-U.S. free trade agreement,” the U.S. Ambassador to Korea Mark Lippert told The Korea Herald at the ambassador’s residence Habib
Foreign AffairsFeb. 1, 2015
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[Herald Interview] Profitable investment requires institutional insight: SC official
Pursuing profits in volatile markets will inevitably lead to risks.The role of financial companies, including asset management firms and banks, is to provide an institutional way of thinking and guidance to their clients, according to a top executive of Standard Chartered Bank Korea.“People, even experts, may have their (own) personal views concerning economic situations and prospects,” Rajesh Kannan, regional head of SC’s wealth management department in Korea, told The Korea Herald.Rajesh Kanna
Jan. 30, 2015
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[Herald Interview] Wheaton College chief warns about state overreach
In 2012, Wheaton College filed a lawsuit against the U.S. government for requiring institutions to provide emergency contraceptive drugs to their employees. As the college waged its legal battle with the government, criticism arose that the school’s objection was motivated by its desire to criticize the U.S. President Barack Obama’s administration. But Wheaton College president Philip Graham Ryken said that far from taking a partisan stance, the school was just protecting itself from what it fel
Social AffairsJan. 29, 2015
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[Herald Interview] ‘Old young’ Burberry determined to show world beyond trench coat
Mixing a 159-year heritage with the contemporary vibe to target a wider range of customers will be the key to the future of Burberry, the British fashion brand’s Asia-Pacific division CEO told The Korea Herald on Friday. With a new cosmetics store, an upcoming flagship store and the industry’s first-ever digitized PR and shopping spaces, Burberry will aggressively promote the message that it offers “more than a trench coat” to Koreans this year, said Pascal Perrier.Burberry 2015 fall-winter Mens
IndustryJan. 26, 2015
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[Herald Interview] ‘It was destiny’
When novelist Jeon Kyung-ae watched the first 10 minutes of the recent box-office hit “Ode to My Father,” she was surprised and deeply touched to see the U.S. merchant ship SS Meredith Victory in the flick. The ship, designed to carry only 60 people, evacuated 14,000 civilian refugees fleeing from communist troops, sailing from Heungnam Port in present day North Korea to Geojedo Island, in South Gyeongsang Province, during the Korean War in the rescue effort known as the “Heungnam evacuation” in
BooksJan. 25, 2015
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[Herald Interview] Ha Ji-won still seeking action
Characters associated with Ha Ji-won tend to be strong women with strong personalities. She is one of few actresses here who are not afraid to pull off action stunts in films or TV dramas ― be it wire action sequences, shooting arrows on horseback, or boxing. But beneath the fierce heroine veneer is a 36-year-old actress who simply enjoys venturing into different kinds of genre, and the fun accompanied with each role. And in doing so, she is able to combine femininity and elegance with being a p
FilmJan. 22, 2015
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[Herald Interview] ‘Developing countries big chance for medical device-makers’
Korean medical appliance-makers should aim to export devices using “appropriate technology” to less-privileged countries rather than to the U.S. or Europe, the head of the association of Korean medical device producers said. Appropriate health care technology generally refers to small-scale, decentralized, labor-intensive, energy-efficient, environmentally sound and locally controlled technology, as opposed to pricey new technology.“I think people are obsessed with developing technologies that a
IndustryJan. 20, 2015
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[Herald Interview] Well-being and ‘eat local’ trends key: pizzeria chief
Pizzerias are serving more non-pizza food items or adding local ingredients to save costs, gain a competitive marketing edge and strengthen consumer relations, said the CEO of a global pizzeria. “More people are becoming aware of what they eat. They crave healthier food and prefer something fresh, less fatty, and familiar. We have an obligation to meet such demand,” said G.J. Hart, executive chairman, CEO and president of California Pizza Kitchen, in a recent interview with The Korea Herald. Har
IndustryJan. 18, 2015
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[Herald Interview] Starsailor reunites, returns to Korea for ‘5 Nights’
Hyundai Card’s ongoing Culture Project series kicked off the year with 5 Nights, Seoul’s first large-scale concert event of the year.A weeklong festival of live music, the company’s latest culture project promised rock-lovers five nights of performances. Originally scheduled to perform were Avenged Sevenfold, followed by Bastille, Starsailor, Rudimental and 22-year-old Icelandic folk singer-songwriter Asgeir, who wrapped up the festival with his solo show on Saturday.However, the “five nights” s
PerformanceJan. 18, 2015