The Korea Herald

Ex-president claims to have inherited assets before presidency

Social affairsAug 6, 2013

Former President Chun Doo-hwan, who owes 220 billion won (US$196.8 million) to state coffers, had inherited massive personal assets before taking office in the 1980s, a close aide claimed Tuesday. C...
Saenuri leader calls for 3-way meeting with Park, DP chief

PoliticsAug 5, 2013

Saenuri Party Chairman Rep. Hwang Woo-yea on Monday suggested holding a three-way meeting among President Park Geun-hye, Democratic Party Chairman Rep. Kim Han-gil and himself, raising hopes for an e...
Police raid KT&G over bribery allegations

Social affairsAug 5, 2013

Police raided KT&G’s head office in Seoul on Monday over bribery allegations involving the tobacco maker’s senior executives, a subcontractor and a government official. An intelligence crime unit at...
Red Cross to provide US$320,000 for flood-hit N. Korea

Social affairsAug 2, 2013

The international Red Cross has said it will provide North Korea with an emergency fund of US$320,000 to help flood victims in the communist country. In a report posted on its website Thursday, the ...
Woori Finance Q2 net dips 51.4 pct on decreased margin

Aug 2, 2013

Woori Finance Holdings Co., South Korea's top banking group, said Friday that its second-quarter earnings declined 51.4 percent from a year ago on a one-off factor and falling profit margin. Net pro...
Seoul shares down 0.15 pct in late morning trade

Jul 31, 2013

South Korean stocks traded 0.15 percent lower late Wednesday morning, led by losses in techs and carmakers. The benchmark Korea Composite Stock Price Index (KOSPI) shed 2.91 points to 1,914.14 as of...
S. Korean NGOs start shipping humanitarian aid to N. Korea

Social affairsJul 31, 2013

South Korean non-governmental organizations (NGOs) started shipping out humanitarian aid to North Korea on Wednesday to help alleviate the plight of children and sick people in the impoverished count...
US actress Eileen Brennan dies at 80

World NewsJul 31, 2013

Eileen Brennan(Yonhap News) Eileen Brennan, who went from musical comedy on Broadway to wringing laughs out of memorable characters in such films as “Private Benjamin” and “Clue,” has died. She was ...
Prosecution raids ex-tax chief's home, tax office over CJ

Social affairsJul 30, 2013

State prosecutors on Tuesday raided the residence of a former chief of the national tax agency and its Seoul regional office as part of their investigation into an alleged bribery exchange between CJ...
Three S. Korean climbers found dead in Japan's Central Alps

Social affairsJul 30, 2013

Three of five missing South Korean climbers were found dead in the Central Alps in central Japan Tuesday, officials said. A 78-year-old man named Park Moon-soo was confirmed as one of the three dead...
Ex-tax chief denies taking bribes from CJ

Social affairsJul 29, 2013

A former chief of the national tax agency on Monday denied charges that he took bribes from CJ Group in return for providing favors during a tax audit into the local food and entertainment conglomera...
Mobile phone prices in S. Korea most expensive

TechnologyJul 29, 2013

Mobile handsets sold in South Korea were more expensive than anywhere else last year as high-priced smartphones accounted for a larger portion of mobile devices sold in the country, data showed on Mo...
Chinese VP reaffirms commitment to Korean Peninsula

Social affairsJul 26, 2013

Chinese Vice President Li Yuanchao reaffirmed his country's commitment to the denuclearization of the Korean Peninsula during a meeting with North Korean leader Kim Jong-un, media reports said Friday...
Ryu, Choo to meet in all-Korean pitcher-batter duel in MLB

SportsJul 26, 2013

The Dodgers’ Ryu Hyun-jin (left) and the Reds’ Choo Shin-soo share a light moment prior to Thursday’s game. (Yonhap News) The two South Koreans currently playing in Major League Baseball (MLB) are e...
Kia Motors' Q2 net profit up 7.7 pct

IndustryJul 26, 2013

Kia Motors Corp., South Korea's second-largest automaker, said Friday its second-quarter net profit jumped 7.7 percent from a year earlier due to increased profits from its equity investments. Net p...