Most Popular
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Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
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Yoon urges municipalities to embrace foreigners
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What is happening at Hybe?
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S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
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Korea unveils tax reform bill to spur economy
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Actor’s excessive airport security sparks probe into human rights violations
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Man who let his father die due to financial difficulties to be released on parole
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Actor Yoo Ah-in accused of sexual attack
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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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[Herald Interview] ‘Korea needs new perceptions, tools for housing market’
Korea needs to use the financial resources of the private sector and new, innovative tools to sustain the real estate market for long-term stability, according to Jin Chang-ha, a Hanyang University professor who specializes in real estate finance and investment.The market is facing a paradigm shift, with “jeonse” leases ― lump sum deposits in lieu of rent ― quickly being replaced by rental agreements. In this situation, financial tools such as real estate investment trusts or funds via public-pr
Feb. 6, 2015
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[Herald Interview] ‘Jeonse is fading out of the market’
Korean tenants have traditionally preferred fixed “jeonse” leases to more expensive monthly rents, but increasingly they are feeling the pinch, as the supply of jeonse properties dries up. Son Jae-young, professor at Konkuk University’s Real Estate Department.According to property market expert Son Jae-young, Koreans may have to accept the system’s disappearance. Jeonse is not a welfare system, he points out but was designed on economic grounds, and market conditions may mean it will fade away.“
Feb. 6, 2015
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[Herald Interview] KFS seeks to boost youth employment
Korea Forest Service Minister Shin Won-sop said that the state-run afforestation agency would continue to step up efforts to forge strategic partnerships overseas, and support Korean SMEs to stably invest in Southeast Asia’s forestry sector in the long term.KFS Minister Shin Won-sop. (KFS)The exchanges with countries such as Indonesia and Cambodia will help Korea secure necessary wood resources for sustainable growth, and create jobs for the young.He stressed the importance of job creation not o
Feb. 5, 2015
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[Herald Interview] Partnerships key to fighting poverty, inequality: Oxfam
With a new office in Seoul, Oxfam is ready to forge partnerships with other relief groups, businesses and civil society here to fight poverty, inequality, climate change and other global challenges, a senior official at the organization said. Chris Ashworth, international market development manager at Oxfam Great BritainChris Ashworth, international market development manager at Oxfam Great Britain, played a key role in the office’s launch in October. While carrying out fund-raising campaigns,
Foreign AffairsFeb. 4, 2015
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[Herald Interview] ‘Seoul needs to take initiative on N.K. issues’
Seoul needs to take the initiative in addressing a range of pending North Korean issues as Washington is unlikely to take any bold steps, riled by Pyongyang’s provocative and unruly behavior including a recent hack into Sony Pictures, a U.S. scholar said.Stephan HaggardIn an interview with The Korea Herald, Stephan Haggard, North Korea expert at University of California, San Diego, urged Seoul to lift its economic sanctions against Pyongyang and promote commercial cross-border exchanges to bring
North KoreaFeb. 2, 2015
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[Herald Interview] Korea-U.S. alliance linchpin of regional peace: ambassador
The top U.S. envoy to Korea has reaffirmed America’s security commitment to its key regional ally, stressing that his country “stands steadfast” alongside South Korea in countering North Korean military threats.“The level of trust between our governments remains very high, as demonstrated in the operational control agreement, the special measures agreement and the Korea-U.S. free trade agreement,” the U.S. Ambassador to Korea Mark Lippert told The Korea Herald at the ambassador’s residence Habib
Foreign AffairsFeb. 1, 2015
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[Herald Interview] Profitable investment requires institutional insight: SC official
Pursuing profits in volatile markets will inevitably lead to risks.The role of financial companies, including asset management firms and banks, is to provide an institutional way of thinking and guidance to their clients, according to a top executive of Standard Chartered Bank Korea.“People, even experts, may have their (own) personal views concerning economic situations and prospects,” Rajesh Kannan, regional head of SC’s wealth management department in Korea, told The Korea Herald.Rajesh Kanna
Jan. 30, 2015
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[Herald Interview] Wheaton College chief warns about state overreach
In 2012, Wheaton College filed a lawsuit against the U.S. government for requiring institutions to provide emergency contraceptive drugs to their employees. As the college waged its legal battle with the government, criticism arose that the school’s objection was motivated by its desire to criticize the U.S. President Barack Obama’s administration. But Wheaton College president Philip Graham Ryken said that far from taking a partisan stance, the school was just protecting itself from what it fel
Social AffairsJan. 29, 2015
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[Herald Interview] ‘Old young’ Burberry determined to show world beyond trench coat
Mixing a 159-year heritage with the contemporary vibe to target a wider range of customers will be the key to the future of Burberry, the British fashion brand’s Asia-Pacific division CEO told The Korea Herald on Friday. With a new cosmetics store, an upcoming flagship store and the industry’s first-ever digitized PR and shopping spaces, Burberry will aggressively promote the message that it offers “more than a trench coat” to Koreans this year, said Pascal Perrier.Burberry 2015 fall-winter Mens
IndustryJan. 26, 2015
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[Herald Interview] ‘It was destiny’
When novelist Jeon Kyung-ae watched the first 10 minutes of the recent box-office hit “Ode to My Father,” she was surprised and deeply touched to see the U.S. merchant ship SS Meredith Victory in the flick. The ship, designed to carry only 60 people, evacuated 14,000 civilian refugees fleeing from communist troops, sailing from Heungnam Port in present day North Korea to Geojedo Island, in South Gyeongsang Province, during the Korean War in the rescue effort known as the “Heungnam evacuation” in
BooksJan. 25, 2015
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[Herald Interview] Ha Ji-won still seeking action
Characters associated with Ha Ji-won tend to be strong women with strong personalities. She is one of few actresses here who are not afraid to pull off action stunts in films or TV dramas ― be it wire action sequences, shooting arrows on horseback, or boxing. But beneath the fierce heroine veneer is a 36-year-old actress who simply enjoys venturing into different kinds of genre, and the fun accompanied with each role. And in doing so, she is able to combine femininity and elegance with being a p
FilmJan. 22, 2015
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[Herald Interview] ‘Developing countries big chance for medical device-makers’
Korean medical appliance-makers should aim to export devices using “appropriate technology” to less-privileged countries rather than to the U.S. or Europe, the head of the association of Korean medical device producers said. Appropriate health care technology generally refers to small-scale, decentralized, labor-intensive, energy-efficient, environmentally sound and locally controlled technology, as opposed to pricey new technology.“I think people are obsessed with developing technologies that a
IndustryJan. 20, 2015
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[Herald Interview] Well-being and ‘eat local’ trends key: pizzeria chief
Pizzerias are serving more non-pizza food items or adding local ingredients to save costs, gain a competitive marketing edge and strengthen consumer relations, said the CEO of a global pizzeria. “More people are becoming aware of what they eat. They crave healthier food and prefer something fresh, less fatty, and familiar. We have an obligation to meet such demand,” said G.J. Hart, executive chairman, CEO and president of California Pizza Kitchen, in a recent interview with The Korea Herald. Har
IndustryJan. 18, 2015
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[Herald Interview] Starsailor reunites, returns to Korea for ‘5 Nights’
Hyundai Card’s ongoing Culture Project series kicked off the year with 5 Nights, Seoul’s first large-scale concert event of the year.A weeklong festival of live music, the company’s latest culture project promised rock-lovers five nights of performances. Originally scheduled to perform were Avenged Sevenfold, followed by Bastille, Starsailor, Rudimental and 22-year-old Icelandic folk singer-songwriter Asgeir, who wrapped up the festival with his solo show on Saturday.However, the “five nights” s
PerformanceJan. 18, 2015
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[Herald Interview] Knowledge key in Dokdo, comfort women issues
For the past decade, Seo Kyoung-duk has waged a cultural fight against Japan’s rightists on two fronts. The professor of general education at Sungshin Women’s University led a variety of publicity campaigns abroad to refute their claims on history and territory. At home, he has focused on education for Korean youths who appear increasingly indifferent to the painful history. The former battle earned him the reputation as Korea’s foremost civilian public diplomacy practitioner. On the second, how
Social AffairsJan. 15, 2015
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[Herald Interview] ‘CES to expand footprint in Asia’
LAS VEGAS ― For more than 40 years, the International CES has been keeping the world’s largest electronics trade exhibition under its belt, providing chances for consumers to witness the most innovative and trendsetting technologies in the world. Gary Shapiro, the president and chief executive of the Consumer Electronics Association, the organizer of the CES, said his organization would make further efforts to reach more global markets to provide hands-on experience and help bring about innovati
TechnologyJan. 14, 2015
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[Herald Interview] Mastering both sides of the camera
Actor Ha Jung-woo has done an ample amount of diverse, interesting films during his acting career spanning a decade. From a ruthless serial killer in “The Chaser” (2008) and a hopeless romantic novelist in “Love Fiction” (2012), to the most recent, a butcher-turned-bandit in “Kundo: Age of the Rampant” (2014), he has become a household name in the local film industry, characterized by his unique, down-to-earth flair.Seemingly at the peak of his acting career, the 36-year-old recently took anothe
FilmJan. 14, 2015
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[Herald Interview] Aussie lawyer spreading passion for CrossFit
Even if you are not an exercise buff and don’t keep abreast of the latest fitness trends, you’ve probably heard of CrossFit. Combining good old movements such as push-ups, squats and lunges with Olympic lifting, rowing and a lot of jumping and running, the super-intensive, full-body workout has taken the global fitness world by storm, creating a lot of buzz in the past few years. Korea, too, has caught on to this craze, with some celebrities pinpointing the notoriously grueling workout regimen a
TechnologyJan. 14, 2015
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[Herald Interview] Experts talk history, future of unification
This year marks Korea’s 70th independence anniversary from Japanese colonial rule and division of the Korean Peninsula. Following reconciliatory overtures by Unification Minister Ryoo Kihl-jae at the end of last year, North Korean leader Kim Jong-un extended an olive branch by displaying his willingness to hold a summit with the South and improve cross-border ties in his New Year’s address. The Korea Herald interviewed German Ambassador Rolf Mafael and senior researcher Park Young-ho at the Kore
Foreign AffairsJan. 11, 2015
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[Herald Interview] Qatar Airways unveils first A350
DOHA ― Qatar Airways, the Gulf state’s national carrier, unveiled the world’s first Airbus A350 last week ― the newest aircraft in the market with higher fuel efficiency and a lower noise level. “We are ready to commence operations with the A350 and are delighted to introduce another level of service with our expanded fleet,” Qatar Airways CEO Akbar Al Baker said at a news conference at Doha International Airport on Jan. 7.Its first operation launched the Doha-Frankfurt route Thursday, and subse
IndustryJan. 11, 2015