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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Medical reform committee kicks off despite boycott from doctors
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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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Hyundai, Kia seek to boost presence in China market
Hyundai Motor Group on Wednesday unveiled a slew of new vehicles at the 2024 Beijing International Automotive Exhibition, ramping up efforts to boost its sluggish presence in the world's largest automotive market. At the Beijing Auto Show, one of the biggest motor shows that has returned in-person after four years, all three brands of the Korean auto giant -- Hyundai Motor, Kia and Genesis -- promised to introduce electric vehicles tailored for Chinese customers. Unveiling the Ioniq 5 N hig
IndustryApril 25, 2024
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[팟캐스트] (578) 끝도 없이 오르는 한국의 식품 물가, 전세계 상승률 몇 위 일까?
진행자: 간형우, Ali Abbot Korea's food inflation surges to third-highest in OECD 기사 요약: 2월 식료품·음료 물가상승률 7% 기록한 한국, 2년 3개월 만에 OECD 평균 넘어섰다 [1] South Korea's food inflation spiked to 6.95 percent in February, the third-highest among member countries of the Organization for Economic Cooperation and Development. *inflation: 물가 상승율, 부풀리기 *spike: 급등하다, 못 [2] The OECD statistics for February announced Sunday reveal that Korea ranks third among 38 OECD member countries in terms of food and
PodcastApril 25, 2024
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Seoul shares dip 1.76 % over tech, battery slump
South Korean stocks plummeted more than 1.7 percent Thursday as investors sought profits following the previous session's sharp rise amid mixed overnight results on Wall Street. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index slumped 47.13 points, or 1.76 percent, to 2,628.62. Trade volume was slim at 304 million shares worth 8.72 trillion won ($ 6.35 billion), with losers outpacing winners 487 to 360. Institutions and foreign investors combined so
MarketApril 25, 2024
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S. Korea-US alliance won’t be swayed by US election outcomes: envoy
Cho Hyun-dong, South Korea's ambassador to the United States, said on Thursday that the current trajectory of the South Korea-US alliance, which has grown increasingly institutionalized, will not be swayed by US presidential election results. "One thing I can say for certain is that the axis of the Korea-US alliance is stronger than ever before, unparalleled by any previous period," Cho said during a press briefing held in Seoul. Cho underscored that the alliance "has already
Foreign AffairsApril 25, 2024
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
Hyundai Motor Group has reiterated the importance of India and reaffirmed its commitment to the burgeoning market as its chief visited the world’s most populous country earlier this week. “India, one of the regions that has contributed the most to the growth of Hyundai Motor Group, has overcome many difficulties such as the global economic recession and supply chain crisis during the COVID-19 pandemic period and continuously came up with good performances,” said Hyundai Motor G
MobilityApril 25, 2024
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Doctor gets suspended term for administering propofol to Yoo Ah-in
A doctor accused of illegally administering propofol for disgraced actor Yoo Ah-in and himself was sentenced to a prison term of one year and two months, suspended for two years, by a local court on Thursday. The Seoul Central District Court found the defendant surnamed Shin guilty of violating the Narcotics Control Act. It also ordered that he forfeit 270,000 won ($200) and undergo a 40-hour drug treatment program. The defendant is accused of administering propofol for Yoo on 17 occasions from
Social AffairsApril 25, 2024
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Girl picks up pile of cash, helps return it to owner
The National Police Agency on Wednesday shared on its official YouTube page a video of a teenage girl who came across a pile of cash and helped return it to the owner. In the surveillance camera footage, a man was shown dropping 1.22 million won ($890) in cash while riding a bicycle in Hadong-gun, South Gyeongsang Province, on Feb. 27. A few moments later, a young girl came by and stopped in her tracks. She took out a phone to take a photo of the money, after which she picked up the bills. The
Social AffairsApril 25, 2024
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Korea enters clear growth path as Q1 growth hits 2-year high
South Korea’s economy expanded at the fastest clip in more than two years in the first quarter as private spending and exports picked up, the central bank said Thursday. The country's real gross domestic product grew 1.3 percent on-quarter in the January-March period, accelerating from a 0.6 percent expansion in the fourth quarter last year, according to an advance estimate from the Bank of Korea. The latest GDP figure is a significant improvement from the past eight quarters, during
EconomyApril 25, 2024
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Monthly users on local streaming platforms outpace Netflix, Disney+
The combined number of local users on South Korean streaming services surpassed that of foreign platforms such as Netflix and Disney+, a survey showed Thursday, a sign of rapidly changing trends in the streaming service landscape. According to a survey conducted in March by data and insight aggregator Mobile Index, about 57 percent of some 20.1 million streaming service users in Korea were using domestic platforms such as Coupang Play (23 percent), Tving (21 percent) and Wavve (13 percent). The
TelevisionApril 25, 2024
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7 out of 10 wealthy Koreans offer grim outlook for 2024
The majority of wealthy South Koreans have a negative outlook on this year's economy, with plans to maintain their current asset portfolios. However, some are considering investing in real estate if the economy improves. These findings are from the "2024 Korean Wealth Report," compiled by a think tank under Hana Bank based on a survey of around 2,600 Koreans conducted in December last year. Of the respondents, 746 with over 1 billion won ($726,000) in financial assets -- including
EconomyApril 25, 2024
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[KH Explains] Korean shipbuilding stocks rally: Real growth or bubble?
Since mid-March, Korea's leading shipbuilders have seen a significant uptick in their stock prices. Despite a sluggish start to the year due to a saturated order book and limited production capacity, renewed optimism has emerged among investors, possibly due to the anticipated benefits from escalating trade tensions between the US and China, along with the depreciation of the Korean won. Whether the trade war is the exact cause is unclear, particularly due to limited American purchasing pow
MobilityApril 25, 2024
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Over 1,000 teens arrested for online gambling
More than 1,000 teenagers, including two elementary school children, were arrested during a six-month crackdown on online gambling among young people, officials said Thursday. The National Office of Investigation announced that it had apprehended 2,925 individuals, including 1,035 teenagers, in a bust initiated in September last year. Among them, 75 adults were formally arrested while 566 teens have been sent to counseling centers. During the crackdown, 61.9 billion won ($45 million) was confisc
Social AffairsApril 25, 2024
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Medical reform committee kicks off despite boycott from doctors
A pan-national consultative group was launched Thursday to open a dialogue for South Korea’s medical reform but without doctors attending as they protest the government’s plan to expand the medical student quota by 2,000. The chair of the special presidential committee Noh Yun-hong who heads the Korea Pharmaceutical and Bio-Pharma Manufacturers Association, said the newly launched group will focus on long-term tasks such as improving working conditions for junior doctors and physicia
Social AffairsApril 25, 2024
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Drone light shows over Han River in Seoul to begin Saturday
The Seoul Metropolitan Government said Thursday that the Hangang Drone Light Show 2024 along the Han River would begin on Saturday. Five such shows have been planned for the first half of this year, following those held last year. In the second half of this year, five drone shows will be held from September to October, according to the city government. The drone light show will take place at the waterfront stage in Jamsil Hangang Park for 15 minutes at 8 p.m., starting April 27 and during Seoul
Social AffairsApril 25, 2024
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S. Korean patrol vessel to be transferred to Ecuador
The Korea Coast Guard announced that it will transfer a 3,000-ton patrol vessel to Ecuador after signing a memorandum of understanding with its defense minister on Thursday. According to the Coast Guard, Ecuadorian Defense Minister Giancarlo Loffredo signed the memorandum with the KCG to transfer the decommissioned patrol vessel -- the KCG3001 -- and visited the vessel mounted in Mokpo, South Jeolla Province, to review the handover process. The KCG3001 was the first 3,000-ton patrol vessel used
Foreign AffairsApril 25, 2024
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SK hynix profits soar on AI chip boom
SK hynix, the world's second-largest memory chip maker, said Thursday it has returned to profit, thanks to its leadership in advanced memory chips critical to generative artificial intelligence tools, recovering from a long slump in the memory market. The company reported a quarterly operating income of 2.89 trillion won ($2.10 billion) for the January-March period, compared with a loss of 3.4 trillion won marked a year ago. The figure is far higher than the consensus of 1.86 trillion won b
TechnologyApril 25, 2024
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Former victim of school violence donates organs
The bereaved family of a 37-year-old man who died recently had decided to donate his organs for those in need, the state-run organ agency said Thursday. According to the Korea Organ Donation Agency, Choi Seong-cheol's family decided to donate both his kidneys, liver, lungs, and both his eyes to respect his wishes to help others. Throughout most of his life, he suffered from an intellectual disability that he got as a result of severe school violence from when he was in high school. Choi had
PeopleApril 25, 2024
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Over 9,000 hotline calls made by stalking victims in 2023
The number of calls made by stalking victims to the state-run women's counseling hotline jumped more than three-fold over the past three years, government data showed. A total of 9,017 cases of over-the-phone counseling were provided by the 1366 emergency counseling service, according to a joint report by the Ministry of Gender Equality and Family and the ministry-affiliated Women's Human Rights Institute of Korea. The figure has increased exponentially, having recorded 2,710 in 2021. The emerge
Social AffairsApril 25, 2024
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Man who stabbed fiance 191 times to death gets 23 years in jail
A 23-year prison term has been confirmed for a South Korean man who killed his fiance by stabbing her 191 times, after the defendant did not appeal until the deadline Wednesday. The sentence was issued by the Chuncheon branch of the Seoul High Court last week. The 28-year-old defendant, surnamed Ryu, had until Wednesday to file an appeal. The prosecution, which initially requested a 25-year prison term for Ryu, did not appeal either, resulting in the sentence being confirmed. Ryu was convicted o
Social AffairsApril 25, 2024
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Eximbank to nurture regional development specialists
The state-run Export-Import Bank of Korea said Thursday that it planned to dispatch 34 young regional specialists to 13 developing countries under its Economic Development Cooperation Fund, aimed at cultivating a new generation of experts in global development cooperation. As a member of the OECD Development Assistance Committee, South Korea has long been committed to supporting infrastructure development in emerging economies and crafting innovative models for development cooperation. Initiated
IndustryApril 25, 2024