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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Aging population to drive down Korea's housing prices from 2040: experts
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North Korea holds drills simulating nuclear counterattack against enemy
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[Herald Interview] Korea to introduce AI to filter out financial crimes
To ramp up its contribution to global fights against money laundering and terrorism financing, South Korea will introduce an artificial intelligence-based system to better filter out financial crimes, said the country’s financial intelligence chief. Yoo Kwang-yeol, commissioner of the Korea Financial Intelligence Unit, said his agency is currently working to upgrade the main system that stores and analyzes information regarding hundreds of millions of financial transactions in order to increase
Dec. 18, 2016
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[Herald Interview] Big Bang wants to enjoy its last moments
No matter how successful he may be, it is the inevitable destiny of every Korean male K-pop star to halt his career and join the mandatory military service.Megastar group Big Bang is no exception. The group has reaped worldwide success since its debut 10 years ago. Reported to have raked in $44 million this year, the five-member band ranked No. 54 on Forbes’ list of celebrity earnings, becoming the first Korean act to make the list. “It still doesn’t feel real,” said Big Bang’s rapper T.O.P. on
PerformanceDec. 13, 2016
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[Herald Interview] Seegene to launch single-platform disease detection in 2017, CEO says
South Korean biotech company Seegene plans to make an aggressive push into the US and European markets by launching hundreds of molecular diagnostic assays enabling early detection of various diseases from flu to cancer on a single platform from next year.Seegene, a developer of multiplex molecular technologies, is set to implement a breakthrough technology -- an automation of reagent development system to reduce development time significantly from a year to weeks. “Molecular tests allow timely
IndustryDec. 11, 2016
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[Herald Interview] Familiar but new, Sechs Kies returns with remake album
K-pop group Sechs Kies, which regrouped this year for a reunion concert after a 16-year hiatus, has released a new album filled with remakes of the band’s past hits. More than a decade since their heyday, the members said they felt nervous but happy, with a stronger sense of responsibility than before, when the members were 20-somethings.“Before, we would basically follow the directions of the songwriters and producers,” said member Kim Jae-duck. “Now, we feel a responsibility to make better mus
PerformanceDec. 5, 2016
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[Herald Interview] Young opera soprano returns home to star as Juliet prior to Met Opera debut
From Violetta in Verdi’s “La Traviata” to Fiorilla in Rossini’s “Il Turco in Italia,” up-and-coming opera star Hyesang Park is gearing up to tackle one of the theater world’s most iconic leading ladies -- Shakespeare’s Juliet. Marking her first return to the local stage since performing alongside the legendary Placido Domingo in his final concert in Korea in October, the 28-year-old Korean soprano is back home to star in the Korea National Opera’s upcoming staging of Charles Gounod’s “Romeo and
PerformanceDec. 4, 2016
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[HERALD INTERVIEW] ‘Investors hold key to sustainable real estate’
Amid tightening energy efficiency regulations for buildings around the globe, it is essential for institutional investors to consider the level of sustainability of their real estate portfolios, said the Asia-Pacific head of a global real estate assessment agency.“More and more countries are strengthening the sustainability rules for real estate. And it is impossible to ignore the sustainability aspect of the buildings when thinking of the future value of the buildings,” Ruben Langbroek, head of
IndustryNov. 30, 2016
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[HERALD INTERVIEW] Free economic zones to foster closer networks between foreign, local firms
When it comes to attracting foreign direct investment, people often assume that foreign-invested firms would be most interested in exclusive incentives in free economic zones for the purpose of lowering their labor and capital costs. However, foreign firms actually would prefer to partner with Korean firms here to tap into the growth potential of the Korean market and demand of consumers here, according to the head of the planning office of the eight free economic zones.“A variety of incentives
Nov. 23, 2016
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[Herald Interview] Ronan by Clinet adds refined touch to Korea’s affordable wine market
Affordability is the recent trend in South Korea’s alcoholic beverage industry. And to break away from the luxurious yet costly image, a growing number of wine and whisky brands are rolling out lower-cost drinks.Having pioneered the trend, Korea’s retailer HomePlus unveiled a lineup of red and white wines made by Ronan by Clinet. They are produced in Bordeaux, France, and sell for 18,900 won ($16) per bottle. Ronan Laborde, the CEO of a prestigious wine brand Chateau Clinet, promotes Ronan by Cl
IndustryNov. 22, 2016
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[HERALD INTERVIEW] Procurement chief vows to support public market entry of SMEs
To support small and medium-sized enterprises and startups eyeing opportunities to enter the public market, the chief of the Public Procurement Service said he would step up efforts to promote their products and services through an online mall, a new government-to-business channel that offers one-stop market access.Venture Nara (venture.g2b.go.kr), is the latest project driven by the state-run public procurement agency, aiming to introduce innovative products and services to government offices a
IndustryNov. 21, 2016
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[Herald Interview] Saving planet by transforming food market
Dealing with 7.4 billion consumers in different languages around the world and trying to change their ideas on the environment can be hard work, maybe even impossible. But Jason Clay, senior vice president of World Wide Fund for Nature, has come up with a strategy to effectively reduce the negative impact consumption has on the planet. In a major shift within the organization that had long focused on species conservation, Clay turned to the private sector for change. “Building fences around the
IndustryNov. 17, 2016
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[Herald Interview] 'Coupang moving to Jamsil's Tower 730'
Coupang, the largest operator of social commerce in Korea, will relocate to a new skyscraper called Tower 730 in Jamsil, southeastern Seoul, after the building is completed in February next year, the head of CBRE Korea said. Darren Krakowiak, managing director of the Korean unit of the world’s largest real estate service firm, said the leasing deal with Coupang on behalf of Hyundai Investment Asset Management, the landlord of the building, was one of the biggest deals involving CBRE Korea in the
IndustryNov. 14, 2016
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[Herald Interview] German industry expert praises Incheon Bridge project
Incheon Bridge is a good example to show how an excellently managed project can benefit the local economy, said Reinhard Wagner, president of the International Project Management Association, during an interview with The Korea Herald on Wednesday.The project won the premium gold award from the biennial IPMA World Congress competition last year, although Korea was not a member of the Swiss-registered international association of 66 countries aiming for high-value sustainable projects. Incheon Br
IndustryNov. 9, 2016
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[Herald Interview] Black Pink still finding its color
Returning with another EP just three months after its debut, YG Entertainment’s newest girl group Black Pink hopes to differentiate itself from other female K-pop performers through its dance skills. “We practiced on our performances a lot during our time off,” Jennie, 20, told reporters at a press interview Wednesday in Samcheong-dong, Seoul.The four-member group’s second album, “Square Two,” was released Tuesday with two new tracks, “Playing with Fire” and “Stay.” The album comes after the gro
PerformanceNov. 3, 2016
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[Herald Interview] Filming on North Korea’s ‘perfect, fake’ stage
When director David Kinsella first set foot in North Korea in 2014, what struck him most was not its expected desolation, the small army of government officials that met him at every turn, or how he was led to a hotel built exclusively for foreign visitors on an isolated island. Rather, it was how obsessed with its “image” the hermit nation seemed -- how it strived to stage everything to perfection for the Irishman. One of the first sites Kinsella was taken to was the giant mausoleum where the “
FilmNov. 1, 2016
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[Herald Interview] Korea needs to better protect intellectual property against illicit trade: experts
South Korea needs to ramp up its efforts to protect intellectual property rights in its combat against illicit trade, two experts who came to Seoul to attend the 2016 Korea-EU Intellectual Property Rights Conference, hosted by the European Chamber of Commerce in Korea, told the Korea Herald earlier this month. A team led by Chris Clague, senior editor of the Economist Intelligence Unit (EIU), had published the Illicit Trade Environment Index prior to the event hosted by the European Chamber of
IndustryOct. 30, 2016
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[Herald Interview] Park Bo-gum opens up on two sides of Lee Young
Actor Song Joong-ki made viewers swoon as a dashing army lieutenant in “Descendants of the Sun” earlier this year, but the latter half of 2016 has seen actor Park Bo-gum stir the hearts of many as Prince Lee Young in “Love in the Moonlight.”The historical romance series, which began in August and wrapped up last week on KBS, surpassed the 20 percent viewership mark after just three episodes. Park’s portrayal of an impish Joseon era prince, his gradual transformation into a thoughtful ruler, and
TelevisionOct. 26, 2016
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[HERALD INTERVIEW] 'US Fed should be more patient on rate hike'
Amid anticipation building on the US Federal Reserve raising its funds rate in December, an economist from the US suggested the world’s most influential central bank should be more patient, as strong parts of the US economy have started to show signs of weakening. In the last couple of years, the labor market, housing market and corporate profitability have been strong, buttressing the US economy. But the weakening strength of the three factors could further slow economic growth and this would m
Oct. 21, 2016
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[Herald Interview] Webtoonist mocks hierarchy of Korean workplace
A scene from artist Yang Kyung-soo’s webtoon series depicts a senior executive and several junior employees engaged in seemingly amicable conversation. The executive cheerily tells his department members, “They say there’s a crazy person in every team, but there isn’t in ours!” The employees, smiling politely, think to themselves, “It’s you.” Such single-frame webtoons, uploaded regularly on Yang’s Instagram handle “yangchikii,” have gained a popular following among Korean office workers. Each p
CultureOct. 20, 2016
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[HERALD INTERVIEW] BNP Paribas Korea 'cautiously optimistic'
Philippe Noirot, head of BNP Paribas South Korea, is “cautiously optimistic” about the growth of South Korea next year. Despite gloomy outlooks for global trade due to slower-than-expected recoveries of major economies, the Belgian veteran on finance and economy said Korea can benefit from its major trading partner China whose economy is still growing. Philippe Noirot at BNP Paribas’ Seoul office (BNP Paribas)“If the major partner is growing by around 6 percent, chances are high you are going to
Oct. 19, 2016
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[HERALD INTERVIEW] Strategist advises investors to lower expectations further
It is time for investors to further reduce their return expectations for the coming years, as the trend of low growth and low inflation is forecast to last longer than expected, said an expert on bond investment.William Adams, the chief investment officer in charge of a $75 billion fixed income team at MFS Investment Management based in Massachusetts, the US, sat with The Korea Herald on Friday to talk about the economic conditions that would affect their investment yields next year. William Ada
Oct. 17, 2016