Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Questions raised over fair promotion of RM, NewJeans
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[Herald Interview] KIS Vietnam to become first foreign brokerage to launch covered warrants in Vietnam
HO CHI MINH, Vietnam -- In Vietnam, one of the fastest growing economies in the world, investors have been searching for ways to hedge risks in times of equity market volatility. Last year, the benchmark index on Ho Chi Minh Stock Exchange (Hose) slipped 9.3 percent, while that of the development board fell 10.8 percent.One alternative they found was the derivatives market. Among the many instruments, they pounced on covered warrants -- a publicly traded product that allows investors to make lev
MarketJune 12, 2019
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[Herald Interview] US-China trade war limits Seoul's ability to advance nuke talks
While the trade war between the United States and China is reshaping the global economy, it is also leaving little room for South and North Korea to move the denuclearization process forward, according to John Park, director of the Korea Project at the Harvard Kennedy School. “If the US and China have a truce or suspend the application of tariffs, that could provide political space for South Korea’s diplomatic role to increase. But, in this environment, South Korea’s impact is
North KoreaJune 9, 2019
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[Herald Interview] 'Robots can not replace human workforce, at least not now'
Will robots replace human workforce?That is a question constantly raised with the advancement of new technologies that make robots smarter and more autonomous. That is, however, “undue concern,” says the chief of South Korea’s state-run robot institute, who has been in the industry for more than 30 years. “Technological developments to make a human-like robot is still in the early stages worldwide,” Korea Institute for Robot Industry Advancement President Moon Jeon-
IndustryJune 6, 2019
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[Herald Interview] The man behind Sister Carrie
Not many people know Theodore Dreiser’s 1900 novel “Sister Carrie” in South Korea. For kids here, “Carrie eonni” or Sister Carrie who introduces toys on YouTube is the “president.” Since its YouTube launch in 2014, Carrie has become an influential figure with more than two million subscribers. Early on, CarrieSoft, the company behind Carrie and Toys -- with real-person and animation characters -- has attracted investments from NHN Entertainment and
IndustryMay 31, 2019
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[Herald Interview] Korean aviation market important, but has room for regulatory improvement: IATA CEO
Although the South Korean aviation market has strength as a transport hub, contributing $47.6 billion to the country’s GDP with 838,000 people working in the industry, the director general and CEO of the global airlines association noted there is still scope for growth if regulations are brought in line with global standards.Alexandre de Juniac, director general and CEO of the International Air Transport Association, is in Seoul for IATA’s 75th annual general meeting and the World Ai
IndustryMay 30, 2019
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[Herald Interview] ‘MRO market crucial for future of South Korea’s aviation industry’
Riding on the growing demand for overseas travel and fast expanding cargo volume, South Korea has quickly become a major gateway, handling more than 1,000 aircrafts at Incheon International Airport alone.The airport is the world’s top service provider and the third-largest cargo terminal which processes 800,000 tons of outbound cargo annually. But when it comes to fleet maintenance and repair services, Asia’s top airport is still in its infant stage, said Paik Soon-suk, president and
IndustryMay 30, 2019
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[Herald Interview] Alcantara aims to partner with more Korean firms, lifestyle brands: CEO
TOKYO -- For fashion companies in South Korea, switching to sustainable fabrics remains a far-off goal. While the concept is not unheard of, local consumers don’t yet have enough options to choose from compared with consumers in North America and Europe. Yet even here in Korea, the high-quality leather substitute developed by Italian luxury fabric maker Alcantara S.P.A. is a familiar presence – well known as a covering for Lamborgini seats and for Microsoft’s Surface lapto
IndustryMay 29, 2019
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[Herald Interview] Regulation, resistance put Korea‘s ability to compete in future mobility in question
LEIPZIG, Germany -- Korea is a leader in information technology, which has led its economic growth for the last decade, but when it comes to mobility services -- often touted as the center of a paradigm shift in the “fourth industrial revolution” -- the country faces uncertainty. “It is clear that the world is going through a paradigm shift from manufacturing to mobility services in connection with development of autonomous driving,” said Lee Jae-ho, director of the digit
MobilityMay 28, 2019
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[Herald Interview] How to stay competitive in the era of scandals and influencers
Companies are always vulnerable to a variety of attacks. In the digital era, the nature of such attacks -- for instance, a single malicious post by an influencer with millions of followers -- is far more unpredictable and, if mishandled, critical, due to the sheer amplifying effect of social media.Jeff Cunningham, a professor of practice in global leadership at Thunderbird School of Global Management of Arizona State University, said a new type of leadership is needed to better cope with such on
PeopleMay 26, 2019
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[Herald Interview] Customers must be punished for harassment: Seoul Emotional Labor Center CEO
South Korea has traditionally been known as “the courteous country in the East,” meaning Koreans prioritize politeness above other values.The country’s service industry, however, reveals a strikingly different image of the country, as it grapples with customers on power trips at the expense of employees’ health. The top-down power dynamic between customers and workers has created an environment that tolerates almost any behavior by customers and requires excruciating emot
Social AffairsMay 26, 2019
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[Herald Interview] Chef puts faith in gimbap
For chef Kim Rock-hun, gimbap is the perfect meal for the times. A roll of rice, vegetables and other ingredients wrapped tightly in a seaweed laver sheet, gimbap is tasty and healthy. Typically served in bite-sized slices, it is convenient to pack and eat on the move. “It is ‘slow fast food,’ filled with healthy ingredients. Can there be a better meal?” Kim, 49, said during an interview at his cooking studio in Dogok-dong, southern Seoul. The only problem, a
FoodMay 24, 2019
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[Herald Interview] The Shortcut to train talent from diverse backgrounds
DAEJEON -- Established in January, 2016, The Shortcut, a community-based Finnish organization, has been offering pro-bono training programs for people with diverse backgrounds, including refugees, immigrants, and multicultural youth, to help them get a breakthrough in the technology sector.While nurturing people to have skill sets, the organization also helps quench the thirst for skilled personnel in the startup world. “What we do is accelerate people from diverse backgrounds to thin
TechnologyMay 22, 2019
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[Herald Interview] Line pushes Thai startups to scale up
BANGKOK -- Thailand, an ASEAN country with a population of 69 million, is messenger platform Line’s second-largest market after Japan. In fact, 90 percent of the country’s mobile internet users are connected via Line, with the monthly number of active users amounting to 44 million. However, the company is now shifting from a messenger tool to an all-in-one app that provides various services ranging from e-commerce to contents. This not only corresponds to the increasing demand by c
TechnologyMay 18, 2019
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[Herald Interview] What makes a good bar, and a good bartender
When veteran bartender Keith Motsi goes to a new bar, he orders beer. “Always, beer first,” said Motsi, the new head bartender at Charles H. in the Four Seasons Seoul. “You see what you get when you order something so simple.” Head bartender Keith Motsi (Four Seasons Seoul)With beer, he added, a smile and the coldest glass will do. “If they cannot do it (right), do not bother. Just don’t go there.”According to him, bars are not just about the drinks. They are about hospitality and making people
FoodMay 16, 2019
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[Herald Interview] ‘Fortnite billionaire’ envisions VR social media
Epic Games CEO Tim Sweeney believes the next thing users need is a 3D virtual reality social media service.“There is something missing in conventional social media right now. We have social networks like Facebook, KakaoTalk, Twitter and Naver for communication. But they’re all based on text, pictures and movies,” Sweeney said in an exclusive interview with The Korea Herald. He was in Seoul to attend the company’s “Unreal Summit 2019” held Tuesday-Wednesday at Grand Intercontinental Parnas. Unrea
TechnologyMay 15, 2019
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[Herald Interview] Why correct information on clean air matters
In March, when Seoul encountered its worst-ever fine dust pollution levels for seven consecutive days, Derek Fichtner, who runs a Facebook community called Clean Air Ideas in Korea, spent a weekend encouraging people to use air purifiers. “At one time, I had three different people chatting with me as they stood in three different department stores, asking me all types of questions about which model they should purchase,” Fichtner said in an interview. “It was difficult to keep everyone straight.
TechnologyMay 15, 2019
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[Herald Interview] ‘Sons of Denmark,’ a glimpse into a dystopian future
Danish director discusses his debut feature, a political thriller about a future marred by extremismJEONJU, North Jeolla Province -- There is a thin line between standing up for what you believe is right and extremism, a line that fades when the safety and security of the ones you hold dear are on the line. This is realm the young director Ulaa Salim ventures into in the film “Sons of Denmark,” set in 2020s Denmark, where a terrorist attack by an extremist group sends the country spiraling down
FilmMay 13, 2019
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[Herald Interview] Clean Bandit supports ‘expandability’ of Seoul Jazz Festival
Clean Bandit’s Seoul performance is drawing near with the 2019 Seoul Jazz Festival slated to take place in late May. The British band’s performance is much anticipated by the South Korean audience, as last year’s appearance was canceled at the last moment. “Very excited. I have been to Korea once before, but we had to leave almost immediately after the show so I was disappointed,” Grace Chatto said via email, representing the trio of three siblings -- herself and brothers Jack and Luke Patterson
PerformanceMay 12, 2019
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[Herald Interview] [Bio Startups] Buying and selling technology vital to ABL Bio business model
The Korea Herald is publishing a series of interviews with up-and-coming startups in the biotech sector in cooperation with the Korea Biotechnology Industry Organization. -- Ed. The development process for a novel drug -- from the discovery of a drug candidate through the preclinical trial phase, on to clinical trial phases 1, 2 and 3 and finally commercialization -- normally requires 10 years and at least 1 trillion won ($858 million).What innovative biotech startups do to sustain their busines
IndustryMay 12, 2019
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[Herald Interview] A walking canvas of tattoos
In a country where tattoos are widely frowned upon, Ahn Li-na, 25, catches attention as a walking canvas of body art, with nearly 80 percent of her skin inked. “The value of all my tattoos, if combined, could easily match that of quite an expensive car,” said Ahn, a tattoo artist herself, adding that only her face, scalp, front neck, knuckles and soles of her feet are left untouched. Living with such overt body art comes with a hefty price here, as tattoos are often associated with deviant behav
PeopleMay 10, 2019