Most Popular
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[KH Explains] No more 'Michael' at Kakao Games
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Yoon, Lee end first talks with differences, agree to meet more
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Woman gets suspended term for injuring boyfriend with knife
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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Samsung Electronics Q1 operating profit soars; chip biz returns to profit
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Samsung chief bolsters ties with Germany’s Zeiss
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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[팟캐스트] (579) 해외 K콘텐츠 팬을 대상으로 새롭게 선보이는 관광 상품 종류는?
진행자: 간형우, Ali Abbot Culture Ministry, KTO unveil Hallyu-themed tours 기사 요약: 문체부-관광공사, 해외 방문객 대상으로 한국 콘텐츠에 기반한 관광상품 7종 선보인다 [1] The Ministry of Culture, Sports and Tourism and the Korea Tourism Organization are looking to woo Southeast Asian and Middle Eastern tourists with new Hallyu-themed tour packages. *woo: 구애하다 [2] “Despite the rising popularity of Korean content, some travel destinations have not been promoted properly due to their low accessibility and intellectual property right
PodcastApril 29, 2024
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[Herald Interview] Korean banks’ earnings dilemma: More profits, more responsibility
Korean banks may face diminishing profitability due to mounting pressure to take on social responsibilities amid the country's slowing economic growth, a senior official at global credit appraiser Fitch Ratings said. Commercial banks, often criticized for making money from excessively high interest rates, are facing stronger pressure from local authorities to return a portion of profits to the provision of public goods. “From the operating environment side, the pressure to commit to s
IndustryApril 29, 2024
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Govt. to deploy more medical staff as senior doctors at 5 major hospitals take weekly breaks
Health Minister Cho Kyoo-hong said Monday that the government plans to deploy more medical staff as senior doctors at five major hospitals in Seoul decided to take a weekly day off starting this week. Cho also renewed a pledge to accomplish medical reform, although a mass walkout by trainee doctors has crippled public health services at major hospitals for more than two months. The government will "further strengthen the emergency treatment system by sending more medical personnel to preven
Social AffairsApril 29, 2024
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Seoul shares open higher on large cap gains
South Korean stocks opened higher Monday on large cap gains, tracking advances on Wall Street last week. The benchmark Korea Composite Stock Price Index added 13.6 points, or 0.51 percent, to 2,669.93 in the first 15 minutes of trading. The advance follows Wall Street gains last week. The Dow Jones Industrial Average closed 0.4 percent higher Friday, while the tech-heavy Nasdaq spiked 2.03 percent. In Seoul, most large caps were in positive terrain. Market bellwether Samsung Electronics went up
MarketApril 29, 2024
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N. Korea decries US shipment of long-range tactical missiles to Ukraine as 'mean' policy
North Korea condemned the United States on Monday for sending longer-range tactical missiles to Ukraine for use in its fight against Russia, claiming that Washington cannot turn the tide of the war with such a "mean" policy. The White House confirmed last week that the US has sent a "significant" number of Army Tactical Missile Systems missiles to Ukraine for use inside the Ukrainian territory following Russia's use of North Korean ballistic missiles against Kyiv. An unn
North KoreaApril 29, 2024
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[Graphic News] Korean farming households fall below 1m for first time in 2023
The number of farming households in South Korea fell below 1 million for the first time ever in 2023, and half of farmers were aged 65 or older, data showed. The number of farming households came to 999,000 as of December 2023, down 2.3 percent from a year earlier, according to the data compiled by Statistics Korea. It marked the first time that the figure has fallen below the 1 million mark since 1949 when the agency began compiling related data, though the data has a margin of error of about
Social AffairsApril 29, 2024
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
Min Hee-jin, CEO of Ador (a subsidiary of Hybe) has accused Hybe and its other subsidiary Belift Labs of plagiarism over the similarity between supergroup NewJeans (Ador) and new girl group Illit (Belift Labs). In turn, Hybe has asked Min Hee-jin to step down and has accused her of “breach of trust” in its press release. To any casual K-pop fan familiar with both groups, there is little doubt that Illit’s sound and choreography is reminiscent of NewJeans. However, many other ne
ViewpointsApril 29, 2024
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[Yoo Choon-sik] What stellar GDP data masks
South Korea's economy expanded at a much faster pace than expected in the first quarter of this year, offering relief to those concerned about the severe slump experienced last year persisting for an extended period. This news is especially welcome for a country still grappling with domestic instability and uncertain global geopolitics. However, beyond the social and political instability at home and longstanding global geopolitics, there are other pressing issues that demand attention: t
ViewpointsApril 29, 2024
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[Editorial] Japan’s pressure on Naver
The Japanese government is stepping up pressure on South Korean portal giant Naver to sell off its stake in a joint venture that runs Line, the dominant messaging app in Japan, citing a data leak -- a controversial move that has sparked a wave of critical responses in Korea and is likely to complicate already complex bilateral ties between the two nations. Japan’s Ministry of Internal Affairs and Communications has issued administrative guidance twice -- on March 5 and April 16 -- in what
EditorialApril 29, 2024
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S. Korea, Cuba agree to open diplomatic missions
South Korea and Cuba have agreed to open diplomatic missions in each other's countries, Seoul's foreign ministry said Sunday, as a follow-up step to the establishment of their diplomatic relations earlier this year. A South Korean delegation, led by Song Si-jin, director general for planning and management at the foreign ministry, visited Havana from Wednesday through Saturday and discussed efforts to open the missions with Cuban officials, the ministry said in a release. "The t
Foreign AffairsApril 28, 2024
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KT launches new mobile plans for foreign residents
South Korea's leading telecom carrier, KT Corp., announced Sunday that the company will introduce new 5G mobile plans for foreign national residents starting Monday. “KT decided to introduce new mobile plans as there are not enough plans specifically for foreigners despite the increasing number of foreign residents in the country,” KT said. According to the Ministry of Justice, the number of long-term residents with nationalities other than Korean here grew to 1.9 million as of
IndustryApril 28, 2024
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[KH Explains] No more 'Michael' at Kakao Games
Kakao Games has decided to scrap using English names among its employees, becoming the first Kakao affiliate to backtrack on the IT front-runner’s attempt to make a more bottom-up working environment with open communication. Kakao Games CEO Han Sang-woo, whose English name is Michael, announced the decision in a meeting with employees on April 17, noting that there had been confusion as its workers had to use English names inside the company but went by their Korean names for external comm
TechnologyApril 28, 2024
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[Photo News] Shinhan supports families
Shinhan Financial Group Chairman Jin Ok-dong on Friday cleans up the home of a family with multiple children, as part of the group’s volunteer program to support financially vulnerable groups. Shinhan plans to donate 150 million won ($109,000) to aid financially vulnerable families with multiple children. Following Friday's activity, Jin noted, "Shinhan Financial Group will continue paying attention to families with many children and will spare no effort in addressing the natio
IndustryApril 28, 2024
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Samsung chief bolsters ties with Germany’s Zeiss
Samsung Electronics Chairman Lee Jae-yong met with top executives of German optics manufacturer Zeiss, a crucial partner for the Korean tech giant's push to lead the burgeoning market for artificial intelligence chips, during his recent trip to Europe. According to Samsung on Sunday, its chief toured the Zeiss headquarters in Oberkochen on Friday and discussed long-term partnerships with Zeiss Group CEO Karl Lamprecht and Zeiss Semiconductor Manufacturing Technology CEO Andreas Pecher. Lee&
IndustryApril 28, 2024
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Woman gets suspended term for injuring boyfriend with knife
A 23-year-old woman received a six-month prison term, suspended for two years, for injuring her boyfriend who assaulted her, a court said Sunday. The Chuncheon District Court found the defendant guilty of inflicting special bodily injury on another but took into consideration the fact that the woman had no previous criminal record and that the victim asked for her not to be punished. The defendant is accused of injuring the victim during a fight in February. The defendant's boyfriend had ac
Social AffairsApril 28, 2024
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Tensions heighten ahead of first president-opposition chief meeting
Tensions between the rival parties escalated Sunday ahead of the first-ever official meeting between President Yoon Suk Yeol and Democratic Party of Korea leader Lee Jae-myung over multiple pending and contentious bills slated for 2 p.m. Monday. As the high-profile meeting unfolds amid substantial divisions between the ruling and main opposition parties on multiple fronts, considerable attention is directed toward which topics Lee will prioritize from a lengthy list of tasks during his talks wit
PoliticsApril 28, 2024
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[Herald Interview] Mistakes turn into blessings in street performance, director says
Where to draw the line separating the audience from actors in a street performance is tricky for any director. Some are wary of seeing the script derailed by indulging too much into on-the-spot impromptu interaction with spectators. But not so for Song Jae-sung. The director oversees various shows scheduled at Gyeongbokgung this week as part of the annual Seoul festival promoting five palaces from the Joseon era (1392-1910). The nine-day K-Royal Culture Festival, now in its 10th year, kicked off
PeopleApril 28, 2024
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Woori Financial jumps in race to take over Lotte Insurance
The competition to acquire Lotte Insurance, South Korea's seventh-largest nonlife insurer, is intensifying, with Woori Financial Group recently joining the race. Woori Financial Group's Chief Financial Official Lee Sung-wook stated Friday that the company is reviewing the acquisition of the insurer "to fortify our competitiveness in the nonbanking sectors." The remarks came during the company's quarterly conference call. The move represents Woori's effort to reenter
IndustryApril 28, 2024
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
Oh Dong-woon, the nominee for the chief of the Corruption Investigation Office for High-Ranking Officials, pledged on Sunday to strengthen the agency's role as an independent investigative body and ensure its effectiveness. “I have a heavy heart because I have been nominated as the chief of the CIO during a difficult time,” Oh told media while en route to his office in Gwacheon, Gyeonggi Province, south of Seoul, on Sunday, to prepare for his confirmation hearing at the National
Social AffairsApril 28, 2024
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Rapper jailed after public street fight with another rapper
A South Korean rapper recently received a one-year prison sentence following a public fight with another rapper, as well as for posting a video of a forced apology and drug use. The Seoul Western District Court found the 26-year-old defendant guilty of coercion by collective force, defamation and marijuana use. It also ordered him to participate in an 80-hour drug treatment program. The defendant got into an argument on Instagram with a 21-year-old rapper last year, which led to them schedulin
Social AffairsApril 28, 2024