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S. Korean military commits to stepping up Ukraine support at US-led dialogue
Chaebol groups, startups join hands to reshape corporate culture
Mexico should learn from Korean creative industry
KB, Jefferies chiefs talk cooperation in global investment banking
[Exclusive] Hybe to make up 10% of KPOP ETF
Koreans asked to refrain from traveling to countries with monkeypox cases
[Herald Interview] Kassy says love has two meanings: affection and breakup
Hyundai Steel, KIGAM to cooperate on carbon neutral tech
[Herald Interview] Lee Jung-hyun opts for comeback in hometown
Shooting of stray cats by US troops causes controversy
Exports by large firms grow at fastest pace in 2021 amid economic recovery
Economic security pivotal for future German-Korean cooperation: German envoy
[Herald Interview] Opposition candidate promises growth with airport, World Expo in Busan mayor bid
K-pop agencies have a denial problem when it comes to bullying scandals: experts
BOK surely to raise key rate again this week amid inflation woes: poll
Park Chan-wook returns to Cannes with romance 'Decision to Leave'
Daewoo Shipbuilding builds 3D-printed ABS model ship
Samsung Biologics, AstraZeneca shutting down their joint venture Archigen Biotech
Gurzenich Orchester Koln returns to Korea with Clara-Jumi Kang
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LATEST NEWS
LCD panel prices rebound in 20 months
Industry
May 8, 2011
Prices of liquid crystal display (LCD) panels bounced back for the first time in 20 months earlier this month, industry data showed Sunday, signaling that the flat-screen panel industry is set to buck a downturn. The price of 40- to 42-inch LCD panels for TVs stood at US$235 in early May, up $3 from late last month, according to market research firm DisplaySearch. Since peaking at $360 in Septem...
Prosecution to summon 30 FSS officials this week
Social affairs
May 8, 2011
Prosecutors plan to call in around 30 employees of the country's financial watchdog this week to determine whether they intentionally relaxed their inspections of savings banks in return for bribes, sources said Sunday. South Korea's top prosecutor has been widening its probe after the chief and other major shareholders at a suspended savings bank were found to have taken out illegal loans to lo...
P.M.’s office soon to unveil plans to overhaul FSS
May 8, 2011
The Prime Minister’s Office is set to unveil a road map to reforming the nation’s financial regulatory body, which has been tarnished by a series of corruption scandals involving its staff and distressed savings banks. The reform plan, to be unveiled this week, will aims to reestablish public confidence in the embattled Financial Supervisory Service, which has been harshly criticized for failing...
North Korean defectors soar 50-fold in Thailand
Social affairs
May 8, 2011
The number of North Koreans who have illegally migrated to Thailand has jumped 50-fold in the past six years and the Thai government is not happy about the sudden influx, a Thai newspaper reported last week. According to the Bangkok Post, an English newspaper in Thailand, the number of North Korean defectors to Thailand marked 2,482 in 2010, compared to 46 in 2004. From October until April, 899 ...
North Korea exported nuclear materials to Libya: VOA
North Korea
May 8, 2011
The nuclear materials found in Libya in 2004 were highly likely to have been produced by North Korea, U.S.-funded broadcaster Voice of America said Saturday, citing an interview with a former senior official of the U.N. nuclear watchdog. In the interview, Olli Heinonen, the former deputy director general of the International Atomic Energy Agency, said uranium hexafluoride, or UF6 ― used in urani...
Lee starts talks with Europe leaders
Foreign affairs
May 8, 2011
President arrives in Berlin on a three-nation tour BERLIN ― President Lee Myung-bak on Sunday arrived in Berlin on the first leg of his week-long European tour aimed at promoting bilateral trade and investment as well as cooperation for low carbon, green growth. Lee’s trip to Germany, Denmark and France comes just days after the National Assembly ratified Korea’s free trade pact with the Europe...
Education ministers from South Korea, U.S. plan rare talks
Social affairs
May 8, 2011
Korean and U.S. ministers of education and science will hold talks to discuss ways to boost personnel and research exchanges, the Ministry of Education, Science and Technology said Sunday. The talks will be the first of their kind in 30 years. Education and Science Minister Lee Ju-ho will visit Washington Tuesday for the talks with U.S. Secretary of Education Arne Duncan from May 11-13. The two...
Ex-civil servants dominate top posts of public corporations
Social affairs
May 8, 2011
Retired provincial public service employees and politicians dominate management posts of local public firms, even though many have no corporate management experience, reports said. Chief executives or board chairmen in 95 of the 127 provincial public firms are former local civil servants or politicians, Yonhap news agency reported Sunday, citing the Ministry of Public Administration and Security...
Japanese, Chinese popular at high schools
Social affairs
May 8, 2011
More and more high schools are selecting Chinese and Japanese as their second foreign languages, elbowing out French and German, the Seoul Metropolitan Office of Education said Sunday. Experts say practicality was the main drive, which may hurt the diversity of language education in the society. According to the education office, 196 out of 222 high schools in Seoul established Japanese classes...
Good jobs, bad jobs, but not enough of either
World Business
May 8, 2011
U.S. has new leverage, but how will Pakistan respond?
World News
May 8, 2011
‘Jeonse’ system loses favor with landlords
May 8, 2011
Apartment buildings under construction in Seoul. (Bloomberg) Ahn Ji-eun, 34, lives in a two-bedroom flat in Hwagok-dong in western Seoul with her husband and twin daughters. She moved into the 70-square-meter unit (about 22-pyeong) a year ago as a tenant on a one-year contract and now she is desperate to renew it. “We are told to top up our key money by 30 percent or move out. I’ve been lookin...
Mega Mini is fun in traffic, seriously cool
Transport
May 8, 2011
The 2011 Mini Cooper S Countryman is a big Mini. Big, of course, is relative in this case, but this new four-door’s size rankles purists, who point to the name of the brand itself. You can’t have a super-size Mini. Yes, BMW says, you can. The Mini family, owned by BMW, now includes the various Cooper models, the larger Clubman and the all-new Countryman, which has been described as Mini’s SUV. ...
POSCO seeks opportunity in South America
Industry
May 8, 2011
POSCO, the world’s fourth-largest steelmaker, is stepping up efforts to expand into South America’s infrastructure and natural resource development projects. On Saturday, POSCO chief executive Chung Joon-yang, who was on a four-day tour of Chile, Ecuador and Honduras, signed a memorandum of understanding with Li3Energy to provide technological and financial collaboration. POSCO chief executive ...
Yeosu begins 365-day countdown to Expo
Industry
May 8, 2011
A series of colorful events concerning the International Exposition Yeosu Korea 2012 will begin in Yeosu, South Jeolla Province on Tuesday. The three-month long event will be held at the southern port city from May 12, 2012 until Aug. 12. According to the provincial and city governments, and the event’s organizing committee, a celebratory event will be held at a sports stadium in the southern c...
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