Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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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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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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[Graphic News] Music digitalization bodes well for K-pop
The music industry reported global sales growth last year for the first time since 1999 on rising online sales, prompting analysts to paint a rosy picture for the K-pop industry.The increase, 0.3 percent, was minimal, and the total revenue of $16.5 billion was nothing comparable to its peak of $38 billion over a decade ago, figures reported by the International Federation of the Phonographic Industry showed.But the digital revolution, which appeared to be killing the music industry with rampant
IndustryApril 2, 2013
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[Graphic News] Summer to be 6 months by 2091: KMA
Seoulites may spend more than half the year sweating in the summer heat during the last decade of this century, according to a forecast by the Korea Meteorological Administration, the nation’s weather agency. A recent KMA report forecast that the summer would last 174.9 days a year from 2091-2100 in the absence of action to reduce greenhouse gases. Summer is predicted to be two months longer than it was in 2001-10, when it lasted 121.8 days on average.Summer days are defined as such when the dai
NationalApril 1, 2013
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[Graphic News] Galaxy most valuable brand in Korea
Samsung Electronics’ Galaxy smartphone line was ranked first in a survey of Korea’s top 100 brands in the first quarter, a local brand equity evaluator said Sunday. According to the survey by Brand Stock, the nation’s most popular smartphone brand retained the top spot for the second consecutive year with the highest score of 938. E-mart, the nation’s largest discount franchise, came in second. Olleh, the flagship brand of KT, was named the third-most popular brand in Korea. KB Kookmin Bank and
March 31, 2013
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[Graphic News] India main source of DDoS attacks in Korea
A recent study found that connections used in cyber attacks more frequently came from Internet Protocol addresses based in India, according to the Korea Internet and Security Agency.The agency on Thursday said that India had the highest number of IP addresses that were used for distributed denial of service (DDoS) attacks against Korean websites in the second half of last year.With India accounting for more than 12.9 percent of the foreign IP addresses participating in the cyber attack, Brazil,
IndustryMarch 28, 2013
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[Graphic News] Consumers’ optimism about economy grows
Consumers’ expectations for economic recovery in March marked the highest in 10 months, the Bank of Korea said on Wednesday. The BOK’s data showed that the consumer sentiment index hit a record-high 104 in March, a two-point increase from a month ago. A CSI over 100 means that consumers have a positive view of the country’s economic status. Additionally, the consumer sentiment for expenditure reached as high as 109, implying that consumers find themselves capable of spending more money in the fu
March 27, 2013
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[Graphic News] Girls more dependent on smartphones than boys, survey finds
Female students were found to be three times more prone to smartphone addiction than their male counterparts, according to a new survey. Nearly 6 percent of students were at high or potentially high risk of addiction, according to the survey of 1,600 students conducted late last year by Gangbuk I will Center, a public institution to fight Internet addiction.This broke down into 8.3 percent of female students and 2.8 percent of male students. These students at high risk are hooked on mobile devic
Social AffairsMarch 26, 2013
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[Graphic News] Seoul’s working seniors outnumber youth
People aged over 55 outnumbered those between 15 and 29 years of age in the working population in Seoul last year, reflecting the aging society and growing youth jobless, the metropolitan government said on Monday.This demographic reversal among the employed is the first since employment statistics began in 1989. The number of working Seoul citizens aged over 55 reached 956,000 in 2012, a 54.4 percent increase from 619,000 in 2002.During the same period, the corresponding number of workers betwe
Social AffairsMarch 25, 2013
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[Graphic News] Seoul’s aid shrinks as North ties chill
South Korea’s assistance to North Korea in 2012 fell to the lowest level in over a decade with the cross-border ties chilled by Pyongyang’s continued provocations and Seoul’s policy of linking aid to efforts at openness and denuclearization. The Park Geun-hye government on Friday issued its first approval of humanitarian aid to the North despite heightening tension over its nuclear test. Charity Eugene Bell was given permission to deliver tuberculosis medicine worth 678 million won ($605,000) to
North KoreaMarch 24, 2013
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[Graphic News] Government agencies most common target of cyber attacks
Government agencies and public institutions have been more exposed to cyber attacks than any organization in the private sector, a study showed.The private Financial Security Agency said Thursday that the number of daily responses to cyber attacks from government and public organizations in 2011 was an average 20.5 times.The financial sector, which was a target of Wednesday’s hacking attack, also responded 11.8 times on a daily basis to Advanced Persistent Threats. APT is a type of targeted cybe
March 21, 2013
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[Graphic News] Chinese tourists outnumber Japanese for first time
The number of Chinese travelers to Korea exceeded Japanese travelers for the first time in February, the Korea Tourism Organization said Wednesday.KTO data revealed that about 219,400 Chinese tourists flew to Korea in February, a steep 61 percent increase compared to 132,900 in February, 2012. This indicates that three out of every 10 foreign tourists to Korea are Chinese, the KTO said. The data showed that the number of Japanese tourists who entered the country by flight between January and Feb
March 20, 2013
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[Graphic News] Airbus makes biggest sale in aviation history
Airbus set a new record in the aviation industry on Monday when it completed the biggest aircraft sale in history.The order for 234 Airbus aircraft by Indonesian carrier Lion Air was worth close to $24 billion, beating by some $2 billion the previous record held by Boeing and American Airlines.The achievement by the French aircraft manufacturer was welcome news for the French economy, which is currently struggling with an unemployment rate of over 10 percent. By John Power (john.power@heraldcorp
PoliticsMarch 19, 2013
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[Graphic News] Economic happiness fades with age
Dogged by job in security and retirement plans, Koreans in their 50s and 60s are less satisfied with their financial situation than younger people, a study showed Monday.The private Hyundai Research Institute said its economic happiness index for 2012 showed that all age groups tended to self-evaluate their economic happiness as very low in general ― an average 40.4 points out of a maximum 100.The index takes into account six factors: income level, economic distribution, expenditure level, job s
March 18, 2013
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[Graphic News] Korea’s labor supply to peak in 2021
The nation’s working-age population is expected to fall after peaking in 2021, a state-run think tank said on Sunday.The nation’s labor force participation rate, an indicator for the size of the working-age population of an economy, is forecast to hit a record high of 61.6 percent before falling steadily, the Korea Development Institute said. It added the rate was likely to fall to the 50 percent range in 2030, which means Korea will face a shortage of labor. An aging population and low birth ra
March 17, 2013
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[Graphic News] Korea trails OECD in number of 100-year-olds
About 1 in 500 Koreans lived to age 100, a lower proportion than in most of the Organization for Economic Cooperation and Development, according to recent research.The study showed that 1,826 among 908,490 Korean people in the 50-54 age bracket in 1961 became centenarians in 2011.In terms of the centenarian rate, Korea ranked 26th of 32 countries in the OECD, according to the report released by Kim Jong-in, a professor of health and welfare at Wonkwang University. Japan topped the list, proving
March 14, 2013
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[Graphic News] Korea’s anti-smoking policy ranks near bottom in OECD
The effectiveness of Korea’s anti-smoking policy ranked 24th out of 25 member countries in the Organization for Economic Cooperation and Development, a report said Wednesday.The country’s smoking rate was the second-highest among 34 OECD countries in 2009, the Korea Institute for Health and Social Affairs said in the report. The state-run institute claimed that the country’s weak anti-smoking policy was connected to its low cigarette prices.Ireland was found to have the strongest anti-smoking po
Social AffairsMarch 13, 2013
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[Graphic News] Process begins for choosing next pope
Cardinals entered the conclave to choose the successor to Benedict XVI at the Vatican on Tuesday evening.The 115 voting cardinals, who are forbidden from contact with the outside world during the conclave, must arrive at a two-thirds majority to select the next pope. While the conclave has no set time limit, earlier reports had speculated that the process would be finished before the end of the month, in time for Easter.Observers have been unable to identify any clear favorite despite speculatio
Foreign AffairsMarch 12, 2013
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[Graphic News] Koreans hesitant to open wallets
Koreans have become more cautious in opening their wallets due to concerns over a prolonged economic slowdown, government data showed Monday. According to Statistics Korea and Shinyoung Securities, the average monthly household spending increased 1.38 percent to 2.4 million won ($2,200) in the fourth quarter of last year from a year ago. Following a mere 0.96 percent increase in the third quarter, it was the first time that year-on-year growth stuck below 2 percent for two consecutive quarters s
March 11, 2013
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[Graphic News] Corporate CEOs top paycheck rankings
Corporate top guns touted the largest paychecks in the country, according to figures from the Korea Federation of Savings Banks on Saturday.CEOs’ annual salaries averaged 109 million won, followed by lawmakers, who were paid an average 106 million won. They were followed by maritime pilots whose annual paychecks were around 105 million won. Maritime pilots have the job of guiding ships safely to shore. Among doctors, plastic surgeons appeared to have the highest-paying jobs, with an annual salar
IndustryMarch 10, 2013
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[Graphic News] Carry-on rules eased for American flights
Small pocketknives are to be allowed onboard U.S. flights for the first time since their prohibition after the Sept. 11, 2001 terrorist attacks, following an announcement by the Transportation Security Administration on Tuesday.The new rules, to come into effect on April 25, will allow passengers to carry non-fixed blades of less than 6 cm in length and 1.3 cm in width. Happily for sports enthusiasts, golf clubs, ski poles, hockey sticks and baseball bats will also be permitted. Attracting its f
Foreign AffairsMarch 7, 2013
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[Graphic News] Chavez’s death to impact power dynamics in L.America
The death of Hugo Chavez on Tuesday is expected to have a profound impact on Latin America’s economy and political landscape, as the brash, outspoken Venezuelan ruler was the patron for the anti-American bloc in the region.With the death of Chavez, it seems unclear if the left wing will retain power within Venezuela.Vice President Nicolas Maduro, the next-in-command after the deceased leader, is set to face tough challenges from Henrique Capriles, the runner-up in last year’s presidential electi
World NewsMarch 6, 2013