Most Popular
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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US 'incredibly concerned' about suspected NK-Iran military ties
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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K-pop singer lost consciousness after being hit by foul ball, cancels show
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Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
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[Kim Seong-kon] Democracy and the future of South Korea
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Why is Apple Pay struggling to get purchase in Korea?
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Yoon's office denies considering liberal figures for key posts
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Seoul says Fu Bao loan 'not going to happen'
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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LG sets W1tr sales goal for built-in appliances by 2027
LG Electronics unveiled the ambitious target of 1 trillion won ($722 million) in sales solely from built-in appliances by 2027 at this year’s Milan Design Week, one of the largest international design and furniture exhibitions. “Within three years, we will be able to make our built-in (appliance) business worth trillions and turn it into another growth engine,” Lyu Jae-cheol, head of LG Electronics' home appliance and air solutions division, told a group of local reporters
TechnologyApril 17, 2024
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Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
South Korean Muslim YouTuber Daud Kim has again become the subject of media attention, after he announced on his channel that he would build a mosque on land he had purchased in Incheon. Kim, a content creator in his 30s with more than 5.52 million YouTube subscribers, posts videos in English about living as a Muslim in Korea. He gained a lot of followers overseas after publicly announcing on YouTube his conversion to Islam from Christianity in September 2019. In August 2020, he generated contro
Social AffairsApril 17, 2024
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Affinity tapped as preferred bidder for SK Rent-a-Car
SK Networks has chosen Affinity Equity Partners, a private equity fund headquartered in Hong Kong, as its preferred bidder for the sale of its ownership stake in SK Rent-a-Car, the nation's No. 2 rental car service company. SK Networks intends to divest all of its shares in an estimated deal worth some 850 billion won ($613 million). Both parties plan to conduct due diligence before finalizing the contract, SK Networks said in a regulatory filing Tuesday. Following the merger of AJ Rent-a
IndustryApril 17, 2024
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[Herald Interview] Government to support firms in reducing carbon emissions
Kim Sang-hyup, co-chair of the Presidential Commission on Carbon Neutrality and Green Growth, said that the environmental crisis caused by climate change is “not something to consider for the distant future, but a current matter of survival for everyone.” During an interview with Herald Business and The Korea Herald on Mar. 28, Kim mentioned that extreme weather events have recently become more frequent and that climate change has seriously affected people’s daily lives and the
Social AffairsApril 17, 2024
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‘Following’ contrasts voyeuristic man, attention-seeking woman
First-time director Kim Se-hui's “Following” is a mystery thriller that depicts the secretive life of a voyeur and a pretentious attention-seeking social media influencer. Byun Yo-han stars as real estate agent Gu Jeong-tae, who follows influencer Han Sora, played by Shin Hae-sun. Lee El stars as detective Oh Young-ju investigating a death related to Jeong-tae and Sora. “Jeong-tae is a kind of character who is really hard to explain in words. That’s why we produced a
FilmApril 17, 2024
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1,700 killed for their religion during Korean War: panel
About 1,700 religious people in South Korea were massacred by the North Korean military, pro-North groups, and other hostile forces around the time of the 1950-53 Korean War, the state-run independent investigative committee on past endeavors said Wednesday. The Truth and Reconciliation Commission, Republic of Korea have verified the complete list of religious people that had been killed across the country, based on records including the 1952 report by the now-defunct Bureau of Public Informatio
Social AffairsApril 17, 2024
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Man nabbed for protest on top of Han River bridge
Yongsan Police Station in Seoul took into custody a man in his 50s for hanging an illegal banner and staging a five-hour protest on top of a Han River bridge on Wednesday morning. The man demanded that President Yoon Suk Yeol be granted emergency powers. The suspect climbed to the top of the metal structure of the Hangangdaegyo bridge in Ichon-dong, Yongsan-gu, Seoul at around 5:40 a.m., hanging a banner saying, "I demand the government and the ruling party grant emergency powers (to the pr
Social AffairsApril 17, 2024
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Ministry to hire retired doctors to fill medical void
The Health Ministry on Wednesday started recruiting retired or soon-to-retire physicians to address rural healthcare deserts and essential medical fields as the junior doctors’ mass resignation entered its ninth week. The ministry on Tuesday afternoon opened a center for senior doctors at the National Medical Center in Jung-gu, central Seoul, to entice senior doctors nearing retirement or inactive physicians with experience working in university hospitals to extend their years of service i
Social AffairsApril 17, 2024
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LS Eco Energy wins $30.51m supply deal to supply Denmark's Energinet
LS Eco Energy, a subsidiary of LS Cable & System, announced Wednesday that it is supplying extra high voltage cables to Energinet, a Danish state-owned transmission system operator of electricity and natural gas, over the next three years in a deal worth $30.51 million deal. The contract follows another Danish deal worth $13 billion signed earlier this month. The demand for EHV cables has been growing substantially in Denmark thanks to the nation’s growing infrastructure projects -- pa
IndustryApril 17, 2024