Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Medical reform committee kicks off despite boycott from doctors
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Over half of new hires in S. Korea are college graduates: data
Among newly hired employees in Korea in 2023, 50.5 percent were college graduates. Of the 28.41 million people newly hired across the country, 14.36 million had a higher education degree, according to the Korean Statistical Information Service run by Statistics Korea. The figure includes graduates from two-year college courses and those with postgraduate degrees. The number of new employees with tertiary education degrees rose by 1.2 percent compared to the year before. The figure rose from 30.2
EconomyApril 24, 2024
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[LLG] Why this tutor teaches for free
DAEGU-- Han Si-nae, 36, is no ordinary tutor. Her students, totaling 10 and ranging from primary to high school, come to her house after school for supplementary math lessons. After challenging their brains with math quizzes, the students fill their stomachs with an ample amount of snacks and dinner whipped up by Han. The best part? None of them pay a single penny. So, is Han an altruistic benefactor for future generations with deep pockets? Listening to her speak for a brief moment, it becomes
Hashtag KoreaApril 24, 2024
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Hyundai unveils versatile commercial EV platform
Hyundai Motor Company launched its new ST1 series of electrified, purpose-built vehicles for commercial use on Tuesday, aiming to diversify and enhance the efficiency of commercial vehicles for both logistics applications and beyond. An open API-based software platform -- a first for Hyundai vehicles -- is a standout component of the series, which expands the possibilities of today's commercial vehicles by providing the exact telematics data that each business user needs. The unveiling too
MobilityApril 24, 2024
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[Herald Interview] 'Kingdom of the Planet of the Apes' features even more advanced VFX techniques: producers
Since its first outing in 2011, Planet of Apes reboot has demonstrated the pinnacle of visual effects in its realistic depiction of primates. The series has earned global recognition for its VFX techniques, including visual effects nominations at both the BAFTAs and the Academy Awards. Now, a fourth installment, "Kingdom of the Planet of the Apes," is in cinemas, seven years after the previous one. According to the producers, the movie showcases even more advanced visual effects, a cul
FilmApril 24, 2024
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'The Roundup: Punishment' breaks all-time ticket reservation record for Korean films: distributor
"The Roundup: Punishment" set a ticket reservation record for Korean films of all time on its opening day, Wednesday, its distributor said, signaling a robust start for the highly anticipated film. The latest installment in "The Roundup" crime-action franchise starring Ma Dong-seok amassed over 830,000 presold tickets at theaters nationwide, accounting for a whopping 95.5 percent of all box-office ticket reservations as of 8 a.m., ABO Entertainment said, citing figures from t
FilmApril 24, 2024
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KGC eyes broader customer base with Lim Young-woong
Korea Ginseng Corp., the leading manufacturer of ginseng products in the country, has launched a new promotional video featuring trot singer Lim Young-woong. Released on Wednesday, the video showcases a day in the life of Lim, from morning routines to exercise and singing practice. The video highlights the use of JungKwanJang, the company's premium red ginseng brand, portraying its products as essential for daily vitality. Lim, known for his victory in a popular singing competition, appeals
IndustryApril 24, 2024
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4 conglomerates see combined operating profit plunge 65% last year: report
Four major conglomerates saw their combined operating profit plunge 65 percent last year, hit by sluggish sales amid an economic slowdown, a report showed Wednesday. Some 306 affiliates of four conglomerates -- Samsung, SK, Hyundai Motor and LG -- posted a combined operating profit of 24.51 trillion won ($17.9 billion) in 2023, down from 71.91 trillion won a year earlier, according to the report by the Korea CXO Institute, a corporate data firm. Samsung Group, the country's biggest conglome
EconomyApril 24, 2024
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S. Korea, US stage space training against NK GPS jamming threats
South Korea and the United States have conducted joint space exercises to fend off North Korea's global positioning system jamming attacks and other space-based threats, the Air Force said Wednesday. The Air Force's Space Operation Squadron and the US Space Forces Korea formed an integrated team to conduct the training as part of the Korea Flying Training, an annual large-scale airpower drill. It marked the first time that an integrated space operation team attended the KFT, a two-week
DefenseApril 24, 2024
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Trade minister meets head of African trade bloc
Trade Minister Cheong In-kyo has met Wamkele Mene, the secretary general of the African Continental Free Trade Area, in Seoul and they discussed ways to expand economic ties, officials said. The AfCFTA, the largest trade bloc in Africa, officially came into force in January 2021. During the meeting, Cheong said the launch of the AfCFTA is significant considering the growing protectionism around the globe, Seoul's trade ministry said. The upcoming summit between South Korea and African natio
Foreign AffairsApril 24, 2024
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Crypto mogul Kwon appeals against Montenegro court's extradition verdict
Montenegrin lawyers of disgraced South Korean crypto entrepreneur Do Kwon are struggling to have him extradited to his home country, not the United States, according to local news reports. Kwon's legal representatives in Montenegro appealed against the Podgorica High Court's recent ruling that found the conditions for his extradition to both South Korea and the US were met, local daily Vijesti reported on Tuesday. In their appeal, the lawyers said that the high court's April 8 dec
EconomyApril 24, 2024
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[Korea Quiz] Abusive imbalances of power
Find the answer at the bottom. In relationships or social situations where power imbalances lead to problematic dynamics, the term "gapjil" is used to describe unjust and abusive behavior by someone who thinks they are in a relatively superior position. The term originates from Korean legal terminology, where "gap" signifies the more powerful or superior party in a contract, while "eul" denotes the relatively less powerful or inferior party. The suffix "jil&q
Hashtag KoreaApril 24, 2024
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[영어답게 표현하기] 유용한 비즈니스 영어 표현들
이번 회에는 저희 책 Advanced Vocab에서 소개한 중상급 영단어들을 알려드립니다. 단어의 우리말 뜻을 기억하는 데에 그치지 않고, 난이도 있는 단어를 실제로 활용하는 단계까지 나아가 보기 바랍니다. 〈언어, 의사소통〉 1. oxymoron [ɑ̀ksimɔ́ːrɑn] 모순형용, 모순어법 oxy(oxygen의 oxy-로 acid의 ac-와 같이 ‘날카롭다’는 뜻)+moron(‘바보’를 뜻하는 moron과 같은 어원)으로 구성된 단어다. 상호 모순되는 단어들이 같이 활용되는 모순형용, 모순어법을 말한다. 예를 들어 Smart Democrat is an oxymoron(똑똑한 민주당원이란 말은 모순형용이야)., Honest broker is an oxymoron(정직한 브로커란 말은 모순형용이야).처럼 비꼬는 말로 쓰기도 한다. Jumbo shrimp, military intelligence, soft power, busin
English EyeApril 24, 2024
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Seoul shares open sharply higher on US stock gains
South Korean stocks opened stronger Wednesday as investors snapped up blue chips across the board following overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index climbed up 46.43 points, or 1.77 percent, to 2,669.45 in the first 15 minutes of trading. Overnight on Wall Street, the S&P 500 rose 1.2 percent and the tech-heavy Nasdaq jumped 1.59 percent, while the Dow Jones Industrial Average gained 0.69 percent, as tech heavyweights lifted the broader US stock market.
MarketApril 24, 2024
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[Graphic News] Traffic deaths drop to record low
The number of traffic deaths in South Korea dropped to a record low of around 2,500 last year, nearly half the figure recorded a decade ago, data showed. A total of 2,551 people died from road accidents in 2023, a 6.7 percent decline from the 2,735 deaths recorded the previous year, according to the National Police Agency. It marks an 81 percent drop compared with 1991, when the death toll hit the highest at 13,429, and nearly half the rate from a decade ago, when fatalities from vehicle crash
Social AffairsApril 24, 2024
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SC Bank Korea offers special rate for new customers
Standard Chartered Bank Korea said Tuesday it will offer special interest rates of up to 3.5 percent for as long as 60 days to first-time SC customers who deposit 30 million won ($21,800) or more, up to 2 billion won, in money market deposit accounts. Money market deposit accounts pay interest based on the daily account balance. The bigger the deposit, the higher the interest. The promotional rate is offered to first-time customers of SC Bank Korea who open accounts by April 30. The promotion wi
CompaniesApril 24, 2024
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AmCham seminar explores Korea’s potential as regional business hub
The American Chamber of Commerce in Korea hosted the sixth Doing Business in Korea seminar on Tuesday to explore strategies for bolstering Korea’s competitiveness as a regional business hub in the Asia-Pacific region. This year’s event was held at a Seoul hotel, drawing participation from officials and policymakers from the Korean and US governments, as well as representatives from domestic and foreign companies. AmCham CEO James Kim stated in his opening remarks, "Given Korea&r
IndustryApril 24, 2024
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[Kim Seong-kon] A great grandmother’s ‘Memoirs of the Times’
We all grow up listening to our grandmother’s stories. Sometimes these are folktales and other times historical events she witnessed and experienced. In that sense, a grandmother is not only a superb storyteller, but also an indispensable history teacher. Recently, the 90-year-old author Oh Duck-choo sent me a collection of autobiographical essays entitled, “Memoirs of the Times.” Published by Girok-yeon, which is probably an acronym for the Research Institute of Archives, the
ViewpointsApril 24, 2024
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[Editorial] Pension reform
As South Korea rapidly ages, the national pension fund is expected to be drained by 2055 if no changes are made to its structure. The special parliamentary committee for pension reform is currently reviewing two reform plans. Plan A is about paying more in premiums and receiving a greater pension. It calls for raising the premium rate from the current 9 percent to 13 percent, and the income replacement ratio from 40 percent to 50 percent. Under Plan A, the national pension fund will be depleted
EditorialApril 24, 2024
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[Eric Posner] What to look for in Trump's first trial
As the first criminal case against Donald Trump gets underway in New York City, the media have forgone their customary practice of declaring the “trial of the century”. Trial of the month is more like it, since three more are set to follow. The sheer number of criminal trials involving different allegations -- hush money payments, retention of confidential documents, and election interference -- would seem to guarantee a conviction and Trump’s final ejection from public life. A
ViewpointsApril 24, 2024
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Med professors to resign this week amid prolonged doctors' walkout
Medical professors at major hospitals in South Korea will resign later this week and have a day off next week as they have been thinly stretched amid a prolonged walkout by trainee doctors, officials said Tuesday, deepening concerns over further disruptions in the country's health care system. "We confirm our resignation will start from April 25 as planned," an emergency committee of national medical professors said after an online general meeting. "We will go ahead without t
Social AffairsApril 23, 2024