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 2021-12-22 14:09 

Korea Herald

Corporate retirement pension funds gain 16.1% in 2020...

SEJONG -- Corporate retirement pension funds under management expanded more than 16 percent in 2020 from a year earlier as the system has taken root here, government data showed Thursday. Cumulative corporate retirement pension funds stood at 255 tr...

 2021-12-22 14:05 

Korea Herald

N. Korea's economy tanks 4.5% in 2020 on sanctions, pandemic...

SEJONG -- North Korea's economy shrank 4.5 percent in 2020 from a year earlier due to international sanctions and the coronavirus pandemic, government data showed Thursday. The drop in the reclusive country's real gross domestic product (GDP) repr...

 2021-12-22 13:38 

Korea Herald

BOK able to borrow short-term dollar funding from Fed by using Treasury holdings...

South Korea will be able to borrow up to $60 billion from the US Federal Reserve's "repo facility" designed to help countries secure overnight dollar funding by using their holdings of US Treasury securities, the central bank said Thursday....

 2021-12-22 13:05 

Korea Herald

Corporate earnings hit 6-year low in 2020 amid pandemic...

South Korean firms' earnings plunged to a six-year low in 2020 in the wake of the coronavirus pandemic, government data showed Thursday. The combined pretax net profit of 13,429 companies came to 97.7 trillion won ($82 billion) in 2020, down 3.9 per...

 2021-12-22 12:56 

Korea Herald

[Interactive] Animal shelter rescues dogs left behind...
 2021-12-22 12:47 

Korea Herald

Govt. to cut credit card processing fees for small merchants...

The government will cut credit card processing fees for small merchants to ease their burdens amid the COVID-19 crisis, the ruling Democratic Party said Thursday following its meeting with financial authorities. The commission rate for small mercha...

 2021-12-22 12:44 

Korea Herald

S. Korea, China set for high-level strategic talks on regional security, global issues...

South Korea and China will hold high-level strategic talks on Thursday, the first of its kind between the two sides in more than four years, to discuss bilateral cooperation on regional and global issues, Seoul officials said. Choi Jong-kun, first v...

 2021-12-22 12:44 

Korea Herald

S. Korea to bolster 'future-oriented' cooperation with US on supply chains, technologies in 2022...

South Korea will expand "future-oriented" cooperation with the United States on supply chains, technologies and other areas next year while reinforcing "conflict prevention" efforts with China, the foreign ministry said Thursday....

 2021-12-22 12:10 

Korea Herald

S. Korea begins trial run of hydrogen heavy duty trucks...

A trial run of hydrogen-powered heavy duty trucks kicked off Thursday as part of South Korea's broader efforts for a shift to eco-friendly vehicles in line with the carbon emission cut initiative. Five 11-ton fuel cell trucks, including Hyundai Moto...

 2021-12-22 12:07 

Korea Herald

Housing prices, debt are major risks to financial stability: BOK...

South Korea's financial system has remained stable, but a rise in housing prices and high household debt serve as major potential risks to financial stability, a central bank report showed Thursday. In a biannual report on financial stability, the B...

 2021-12-22 11:52 

Korea Herald

6 in 10 company workers say public sector seriously corrupt: survey...

More than 6 out of 10 workers at big and medium-sized companies think the country's public sector is heavily corrupt, a survey showed Thursday. In the survey of 1,000 workers, conducted by the Korea Institute of Public Administration, 61.9 percent s...

 2021-12-22 11:41 

Korea Herald

Volleyball news, good and bad, prominent in annual rankings of S. Korean sports stories...

No South Korean sport went through the kind of roller-coaster ride that volleyball did in 2021. The sport's highest of highs and the lowest of lows dominated the news cycle and also the annual rankings of the top 10 sports stories released by Yonhap...

 2021-12-22 11:20 

Korea Herald

Military reports 26 more COVID-19 cases...

South Korea's military on Thursday reported 26 additional COVID-19 cases, including 23 breakthrough infections, raising the total caseload among its personnel to 3,027. Of the new cases, 12 are from the Army, six from the Air Force, five from units...

 2021-12-22 11:08 

Korea Herald

Led by Olympic medalists, S. Korea earns 13 quotas in speed skating at Beijing 2022...

South Korea has secured 13 quota places in speed skating for the 2022 Beijing Winter Olympics, with a few medalists from the previous Winter Games in 2018 earning another shot at the podium. The International Skating Union (ISU) announced its alloca...

 2021-12-22 11:01 

Korea Herald

[Graphic News] Proportion of 1-person households hits record high of 32% last year...

The proportion of one-person households in South Korea hit a fresh record high last year, as the number of such households has continued to increase amid a delay in marriage and rapid aging, data showed. One-person families accounted for 31.7 perc...

 2021-12-22 11:00 

Korea Herald

New COVID-19 cases fall below 7,000, but critical cases, deaths hit record highs...

South Korea's new coronavirus cases fell below 7,000 on Thursday, but critical cases and deaths surged to record highs as the country has reimposed antivirus restrictions amid the resurgence of infections and spread of the omicron variant. The count...

 2021-12-22 10:41 

Korea Herald

Seoul stocks open slightly higher on auto, chemical gains...

South Korean stocks opened slightly higher Thursday, led by advances of auto and chemical heavyweights. The benchmark Korea Composite Stock Price Index (Kospi) edged up 2.58 points, or 0.09 percent, to trade at 2,987.06 points in the first 15 minute...

 2021-12-22 10:25 

Korea Herald

Hyundai Motor to present robotics-based mobility vision at CES...

Hyundai Motor Co., South Korea's top automaker, said Thursday it will unveil its future mobility vision based on robotics technologies at an upcoming international consumer electronics event in the United States, reflecting its drive for a transition...

 2021-12-22 10:22 

Korea Herald

Main stock market's turnover hits 19-month low in Dec....

Turnover of South Korea's main bourse plumbed a 19-month low in December as retail investors flee stocks for higher returns, data showed Thursday. The average daily turnover of the KOSPI market stood at slightly over 10 trillion won ($8.39 billion)...

 2021-12-22 10:12 

Korea Herald

China's top envoy to N. Korea to return home after delay due to COVID-19...

Chinese Ambassador to North Korea Li Jinjun will leave Pyongyang following a seven-year stint, according to the North's state media Thursday, with his departure having been delayed apparently due to tight border control to stave off the COVID-19 pand...

 2021-12-22 09:48 

Korea Herald

'Roots of temple food are in the state of mind'...

On an early December afternoon, Kim Ji-young, head chef at Balwoo Gongyang, a restaurant dedicated to temple cuisine operated by the Cultural Corps of Korean Buddhism, was demonstrating how to make root vegetable geotjeori, or a light salad of root v...

 2021-12-22 06:31 

Korea Herald

[Lee Kyong-hee] Sending prayer for care from cradle to grave...

A conversation with Archbishop Simon Kim Soung-soo of the Anglican Church is heartwarming and inspirational. In the pro-democracy struggle decades ago, he was a courageous advocate. Now, he is a voice for people with developmental disabilities. The...

 2021-12-22 06:30 

Korea Herald

[Editorial] Biased assistance...

The Moon administration is actively accommodating demands by Lee Jae-myung, the presidential candidate of the ruling Democratic Party of Korea, while pushing policies to curry favor with voters. On the surface, the administration says it is drawing...

 2021-12-21 19:27 

Korea Herald

Bristling over virus restrictions, small businesses stage protest...

Hundreds of small business owners took to the streets in Seoul on Wednesday to express their pent-up anger over the government's retightening of COVID-19 protocols nationwide. Chants of "Stop politically-motivated quarantine measures th...

 2021-12-21 19:21 

Korea Herald

Will Oppo's foldable challenge Samsung's Galaxy Z Fold?...

Chinese smartphone brand Oppo's Find N, the first flagship foldable phone unveiled the previous week, suggests how premium electronic gadget fans have been thirsty for a seamless end-user experience. With Find N, Oppo is looking to prove that...

 2021-12-21 19:02 

Korea Herald

China finally greenlights SK hynix's buyout of Intel NAND biz...

Chinese authorities have finally approved SK hynix's acquisition of Intel's NAND and SSD business, the company said Wednesday. Though SK hynix and Intel signed the $9 billion deal in October last year, it has been waiting for approval f...

 2021-12-21 18:54 

Korea Herald

Erick Oh's 'Namoo' makes 94th Oscar shortlist...

South Korean director Erick Oh's short animation "Namoo," which means tree in Korean, on Wednesday made it onto the 94th Oscar shortlist after being nominated in the animated short film category. The Academy Awards will announce th...

 2021-12-21 18:49 

Korea Herald

Don't throw away Glo devices, return them, says BAT Rothmans...

BAT Rothmans, the manufacturer and distributor of tobacco heating device Glo, is ramping up its recycling campaign in Korea to encourage people not to throw away used Glo devices, the company said Wednesday. The Seoul office of the London-based tob...

 2021-12-21 18:39 

Korea Herald

[Today's K-pop] BTS is 1st international group to top Oricon's annual ranking...

BTS topped albums category of Oricon's annual ranking 2021 wit its best-of album in Japan, "BTS, The Best," according to the Japanese chart on Wednesday. This is the first time ever an international group became No. 1 and the secon...

 2021-12-21 18:36 

Korea Herald

Korean literature becoming popular overseas...

Reflecting the growing popularity of Korean literature, 180 literary works were translated into 29 different languages with assistance from the Literature Translation Institute of Korea this year. This is the largest number of works translated in a...

 2021-12-21 18:33 

Korea Herald

Netflix series 'The Silent Sea' starring Bae Doo-na pioneers Korean sci-fi drama...

For most of the cast and staff of Netflix's "The Silent Sea," they jumped at the chance to join the production of the sci-fi thriller series, quickly overcoming any hesitancy. "I think I was a little reluctant about sta...

 2021-12-21 18:33 

Korea Herald

S. Korea becomes 10th non-European country to join Europol...

South Korea on Wednesday became the 10th country outside of Europe to join the European Union (EU) law enforcement cooperation agency that fights terrorism and other international crimes, police said. The National Police Agency (NPA) joined Europol...

 2021-12-21 18:18 

Korea Herald

[Becky Faith] The danger of digitalizing aid...

BRIGHTON -- Digital systems are critical to development and humanitarian activities, but they can expose some of the world's most vulnerable communities to unforeseen risks. Recent examples from Afghanistan highlight these dangers. In Septembe...

 2021-12-21 18:16 

Korea Herald

End-of-war declaration: What are US conditions, sequence, timing?...

Seoul has stressed time and again that its approach to North Korean issues are in sync with that of the US, but the allies appear far apart on Moon Jae-in administration's latest play -- declaring the end of the Korean War. The Biden administ...

 2021-12-21 18:14 

Korea Herald

[Newsmaker] Is vaccine pass constitutional? Korea is about to find out...

South Korea's Consitutional Court is set to review whether the COVID-19 pass is constitutional. The Constitutional Court said Tuesday evening its full bench of nine justices would review the constitutionality of the pass's enactmen...

 2021-12-21 18:13 

Korea Herald

Another figure in land development scandal dies...

Another key figure in the Daejang-dong land development scandal has been found dead, posing yet another hurdle to the prosecution's investigation. On Tuesday, police said they discovered the body of Kim Moon-ki, head of the development divis...

 2021-12-21 17:59 

Korea Herald

Christmas market kicks off at DDP...

From Thursday, a Christmas market will be set up at the Dongdaemun Design Plaza until the end of the year to celebrate the festive season. Under the theme "The Christmas airport - Travel to Santa's world," a total of 40 stalls wil...

 2021-12-21 17:52 

Korea Herald

CEO war heats up among big three battery makers...

The latest battlefield for the nation's top three battery makers -- LG Energy Solution, Samsung SDI and SK On -- is their new leaderships. High-profile executives, including a chaebol scion, have stepped in to nurture the battery-making un...

 2021-12-21 17:49 

Korea Herald

FTC fines SK Inc. and SK Group Chairman W1.6b over SK Siltron case...

South Korea's antitrust watchdog announced Wednesday that it would fine SK Inc. and SK Group Chairman Chey Tae-won 1.6 billion won ($1.3 million) over allegations that his personal purchase in LG Siltron shares back in 2017 had violated the law...

 2021-12-21 17:47 

Korea Herald

Korea, Vietnam agree to enhance ties on trade, development projects...

SEJONG -- South Korea and Vietnam agreed to bolster coordination on trade and development projects during a ministerial meeting in Seoul, Wednesday, the Ministry of Trade, Industry and Energy said. At the meeting, Korea's Minister of Trade, In...

 2021-12-21 17:31 

Korea Herald

S. Korea to add 10,000 hospital beds as critical COVID cases rise...

South Korea will secure 10,000 additional hospital beds for COVID-19 patients in January to counter the increasing number of critically ill coronavirus patients, Prime Minister Kim Boo-kyum said Wednesday. If the government successfully adds hospit...

 2021-12-21 17:15 

Korea Herald

Seoul stocks up for 2nd session amid tech gains, easing virus scare...

South Korean stocks closed up for the second straight session Wednesday, led by chipmaker gains and easing fear about the omicron variant of the new coronavirus. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price In...

 2021-12-21 17:09 

Korea Herald

'Joseon pop' pioneer Seodo Band wins JTBC's 'Poongryu'...

Seodo Band -- which describes itself as the creators of Joseon pop -- took home the top prize from the hit JTBC music competition show "Poongryu" on Tuesday, which included 100 million won ($83,880) in prize money. "Poongryu,&rdquo...

 2021-12-21 17:01 

Korea Herald

Are chips, batteries 'detoxed' responsibly?...

The world is full of irony. Electric vehicles, which are supposed to be eco-friendly modes of transportation, are mounted with chips and batteries that generate toxic chemicals throughout the manufacturing process. To make semiconductors, harmful g...

 2021-12-21 17:01 

Korea Herald

Samsung takes 'personalization of technology' as key CES theme...

Samsung Electronics Vice Chairman and CEO Han Jong-hee said Thursday that the global tech giant will unveil innovative technologies centered on customization, seamlessness and sustainability at the 2022 Consumer Electronics Show. In his editorial p...

 2021-12-21 17:01 

Korea Herald

GS Caltex to use oil extracted from plastic waste as clean feedstock...

GS Caltex said Wednesday it will utilize oil extracted from plastic waste as a feedstock to manufacture petrochemical products to bolster its environmental, social and governance efforts. According to the South Korean total energy company, it will...

 2021-12-21 16:40 

Korea Herald

Man gets 30-year sentence for raping, killing 20-month-old baby...

A man who stunned the nation earlier this year by sexually assaulting and killing a 20-month-old baby girl was sentenced to 30 years in prison by a court in the central city of Daejeon on Wednesday. The Daejeon District Court handed down the sentenc...

 2021-12-21 16:36 

Korea Herald

Biden bans nonhumanitarian aid to N. Korea for human trafficking...

US President Joe Biden has banned the provision of nonhumanitarian aid to North Korea for fiscal year 2022, accusing the reclusive state of human trafficking, according to the White House. It marks the 19th consecutive year for a US president to tak...

 2021-12-21 16:08 

Korea Herald

Kim to take stronger lead in conservative election committee...

Veteran electioneer Kim Chong-in is once again taking a central role in the presidential election, following yet another power struggle within the People Power Party. Less than three weeks after the party's Chairman Lee Jun-seok and president...

 2021-12-21 16:03 

Korea Herald

Lee Sook-kyung of Tate Modern to helm Gwangju Biennale in 2023...

A London-based Korean curator has been appointed to head the 2023 Gwangju Biennale. Lee Sook-kyung, senior curator of International Art at the Tate Modern, will take on the role of artistic director of the 14th Gwangju Biennale scheduled to take pla...

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