Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
Why is Apple Pay struggling to get purchase in Korea?
In March 2023, Apple Pay made a grand entrance into the South Korean market, amassing 1 million users on its debut day alone and doubling that figure within three weeks. But a year later, the initial fervor surrounding the mobile payment service of the iPhone maker appears to have dwindled considerably amid the lack of widespread availability. With Hyundai Card's exclusive partnership set to expire in September, no other card companies have followed suit in integrating the service. Speculat
IndustryApril 17, 2024
-
[Herald Interview] Pearl Lam Galleries looks to boost its presence in Korea
Pearl Lam Galleries has established its name primarily in Greater China, working with artists from around the world for the past 20 years. The gallery is now embarking on a move to expand its presence to South Korea, which has grabbed global recognition as another art hub in Asia. “Seoul is an important center of not only contemporary culture but also strong traditional tastes and aesthetics,” said Pearl Lam, founder of the gallery, in a recent email interview with The Korea Herald.
Arts & DesignApril 17, 2024
-
Mother of student activist, whose death sparked pro-democracy movement, dies
Jeong Cha-sun, the mother of student activist Park Jong-chul, whose death by torture sparked a nationwide pro-democracy movement in 1987, passed away at the age of 91 on Wednesday. The bereaved families of Jeong said she died at around 5:20 a.m. at a hospital in Gangdong-gu, eastern Seoul. Park Jong-bu, Jeong's oldest son, told local media outlets that she "passed away peacefully with a smile on her face." "I think it was because she thought she was going to be with her son,&
PeopleApril 17, 2024
-
President of Equatorial Guinea to attend 1st Korea-Africa summit
The President of Equatorial Guinea will attend the first-ever South Korea-Africa summit from June 4 to 5, acknowledging the commitment of the Yoon Suk Yeol government to strengthening cooperation with African countries, the Foreign Ministry in Seoul announced Wednesday. The announcement followed talks between South Korean Foreign Minister Cho Tae-yul and his Equatorial Guinean counterpart Simeon Oyono Esono Angue in Seoul on the same day. "Both sides engaged in discussions on matters of mut
Foreign AffairsApril 17, 2024
-
Verdi's 'La Traviata' embraces time, beauty of Korea in early 20th century
Gyeongseong, as present-day Seoul was called during the Japanese colonial rule of Korea from 1910 to 1945, is the background of many popular TV shows, including “Mr. Sunshine" (2018) and “Gyeongseong Creature" (2023), or even in the musical “Il Tenoro" (2023). While watching “Mr. Sunshine,” the head and artistic director of the Seoul Metropolitan Opera, Park Hye-jin, envisioned Verdi’s opera “La Traviata” set in 1900s to 1930s Korea
CultureApril 17, 2024
-
Democratic Party of Korea pushes universal cash subsidies to ‘save economy’
The Democratic Party of Korea on Wednesday proposed doling out monetary subsidies of some 14 trillion won ($10.1 billion) in total to boost consumption, reiterating the party’s key general election pledge. During a leadership meeting, the Democratic Party’s leader Rep. Lee Jae-myung said his party would put forward an official proposal for adopting what he called “emergency measures” to “restore livelihoods and save the economy.” Making a case for universal ca
PoliticsApril 17, 2024
-
[Contribution] Building a better future with Africa
By Ko Kwang-hyo What image comes to your mind first when you think of Africa? Many might envision the vast Serengeti Plain with lions and zebras -- a portrayal popularized by countless media depictions. Yet, this is merely a fragment of the continent’s rich tapestry. Today’s Africa, bolstered by advancements in technology and communication, remains interconnected with the global community. Africa, the world's second-largest continent, is home to 55 diverse nations, boasting a
IndustryApril 17, 2024
-
Seoul shares down for 4th day on geopolitical, rate policy woes
South Korean stocks dipped nearly 1 percent Wednesday to expand their losing streak to a fourth day as investors' concerns heightened on hawkish remarks by US Federal Reserve officials and escalating tension in the Middle East. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index plunged 25.45 points, or 0.98 percent, to close at 2,584.18. Trade volume was a little slim at 400.5 million shares worth 9.5 trillion won (US$6.8 billion), with decliners outp
MarketApril 17, 2024
-
Beer imports from Japan more than double in Q1
South Korea's imports of Japanese beer products more than doubled on-year in the first quarter this year, despite a 20 percent drop in the country's overall beer imports during the same period, government data showed Wednesday. According to the Korea Customs Service, the combined value of Korea's beer imports in the January-March period decreased by 19.8 percent on-year to reach $45.2 million. In terms of volume, the country' beer imports went down by 24.1 percent to 48,322 t
IndustryApril 17, 2024
-
Fed: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates. “Recent data have clearly not given us greater confidence" that inflation is coming fully under control and "instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a panel discussion at the Wilson Cen
World BusinessApril 17, 2024
-
Samsung develops fastest DRAM chip optimzied for ondevice AI
Samsung Electronics, the world's top memory chip maker by revenue, has developed the industry's fastest LPDDR5X memory chip optimized for on-device artificial intelligence applications, the company said Wednesday. The new Low Power Double Data Rate 5X manifests the highest performance of up to 10.7 gigabits-per-second and is the smallest in size among existing products leveraging the 12-nanometer-class process technology, the company said. The speed is equal to sending about 20 4-gigab
IndustryApril 17, 2024
-
Highlight to tour Asia
K-pop boy group Highlight will perform in five cities across Asia starting in May, marking the group's 15th debut anniversary, according to an announcement by Around Us. The “Lights Go On, Again” tour will kick off in Seoul with three days of concerts on May 10-12 at the KSPO Dome. All tickets to the group’s Seoul concert have been sold out, the agency said. Highlight is then set to perform in Hong Kong on June 22, Bangkok on June 30, Kaohsiung, Taiwan, on July 6 and Tokyo
K-popApril 17, 2024
-
Korea, Japan finance chiefs vow to tame rampant FX market volatility
South Korea and Japan’s finance ministers voiced concerns over the recent depreciation of their currencies against the US dollar, showing their intention to step into the market to support the won and yen, according to Korea's Finance Ministry on Wednesday. Finance Minister Choi Sang-mok met with his Japanese counterpart Shunichi Suzuki on Tuesday for the first time since he took office on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Washington. &ld
EconomyApril 17, 2024
-
Russia, China efforts won't halt new NK sanctions monitoring: US envoy
The United States and its allied countries will ultimately develop an alternative mechanism to replace the soon-to-be-dissolved UN panel of experts tasked with monitoring sanctions on North Korea, said the US ambassador to the United Nations on Wednesday in response to Russia's recent exercise of veto rights on the matter at the UN Security Council. Ambassador Linda Thomas-Greenfield highlighted that the initiative will proceed independently, regardless of the cooperation and agreement of C
Foreign AffairsApril 17, 2024
-
HD Hyundai signs W641b warship deal with Peru
HD Hyundai Heavy Industries has bagged an order worth 640.6 billion won ($462 million) to build four warships for Peru’s state-owned shipyard SIMA, marking Korea’s largest-ever defense export deal to Latin America. According to HD Hyundai on Wednesday, Peru's President Dina Boluarte and Defense Minister Walter Astudillo Chavez, as well as Joo Won-ho, head of HD Hyundai Heavy Industries' special ship business unit, attended a signing ceremony held at the Naval Center San Bor
IndustryApril 17, 2024
-
LS Materials breaks ground on EV parts plant
LS Materials’ subsidiary HAIMK began construction of an aluminum parts plant for electric vehicles in Gumi, North Gyeongsang Province, on Wednesday. According to LS Materials, the plant will begin the mass production of battery cases with an annual capacity that can be used for 300,000 EVs in the first quarter of next year. The product is a high-strength aluminum component that protects the battery from outside impact without supplementary steel material. “Our products will be the on
IndustryApril 17, 2024
-
1 in 3 Koreans live alone, family types becoming diverse
Amid rapid aging and an increasing number of young people choosing to hold off on marriage, the proportion of one-person households in South Korea increased last year to 33.4 percent, data from the Ministry of Gender Equality and Family showed Wednesday. According to the ministry's factual survey of families based on 12,044 households in the country, the number of single-person households nearly doubled in 10 years. The group which accounted for 15.8 percent in 2010 grew to 30.4 percent i
Social AffairsApril 17, 2024
-
Mirae Asset Global X set for growth under new chief
Mirae Asset Global Investments announced Wednesday that Global X, its US-based exchange-traded fund subsidiary, would seek increased competitiveness under new CEO Ryan O'Connor, the former global head of ETF products at Goldman Sachs. O'Connor, who has an over 17-year career in the US ETF industry, having worked at Goldman Sachs and State Street Global Advisors, took office as the chief of fund issuer Global X on April 8. Through a recent leadership reshuffle carried out earlier this m
IndustryApril 17, 2024
-
Yoon's office denies considering liberal figures for key posts
The presidential office on Wednesday denied rumors that President Yoon Suk Yeol, in his search for candidates for a new prime minister and key aides, reached out to liberal figures who formerly worked for his predecessor Moon Jae-in. The presidential office "has not considered any plans to hire former SMEs and Startups Minister Park Young-sun or Yang Jung-chul, former head of the Institute for Democracy," it said in a statement Wednesday. The Institute for Democracy is the main opposit
PoliticsApril 17, 2024
-
Samsung CEO bets big on connectivity to take on Apple
Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said its home appliance division, backed by enhanced connectivity with mobile devices, will enjoy its heyday in the second half of this year, showing confidence in the competition with its powerful rival Apple. “We may not yet be the No. 1 player in the home appliance sector. But if we can offer more enhanced connectivity, based on our leadership in TVs and smartphones, consumers will respond positively,” Han said at a press c
TechnologyApril 17, 2024