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 2022-01-24 10:30 

Korea Herald

S. Korea to improve FX market system to win MSCI developed market status...

South Korea said Tuesday it plans to improve the foreign exchange market system to better ensure foreign investors' market access as it seeks to win developed market status from Morgan Stanley Capital International (MSCI). To this end, the governmen...

 2022-01-24 10:25 

Korea Herald

Corporate direct financing up 19% in 2021...

Corporate direct financing by firms in South Korea jumped 19 percent on-year in 2021 driven by multiple massive initial public offerings (IPOs), data showed Tuesday. Local companies raised a combined 231.48 trillion won ($194 billion) by selling sto...

 2022-01-24 10:23 

Korea Herald

US urges N. Korea to cease provocations, find ways to de-escalate tension: Pentagon...

The United States continues to call on North Korea to stop its provocations and instead return to dialogue to find ways to de-escalate tension, US Department of Defense Press Secretary John Kirby said Monday. Kirby also said the US remains concerned...

 2022-01-24 09:22 

Korea Herald

SeMA to open Art Archives Seoul Museum of Art, host sculptor Chung Seo-young show during Frieze Seoul period...

Seoul Museum of Art - an art museum operated by the Seoul Metropolitan Government - will focus on integration in operating its eight art entities scattered across Seoul, as it looks forward to expand to 10 by 2024 with the opening of th...

 2022-01-24 06:31 

Korea Herald

[Sawomir Sierakowski] Has Biden already surrendered Ukraine?...

After a long, mysterious silence, US President Joe Biden has spoken out about the ever-increasing concentration of Russian troops near the Ukrainian border. He would have been better off keeping quiet, given his astonishing and dangerous message. NAT...

 2022-01-24 06:31 

Korea Herald

[Dhondup T. Rekjong] Why is Dalai Lama quiet on China?...

At 86, the Dalai Lama is beloved around the globe for his promotion of world peace, religious harmony and the need for climate action. But while the Western world protests China's human rights abuses, the Dalai Lama is eerily quiet. The spiritu...

 2022-01-24 06:30 

Korea Herald

[Editorial] Omicron fears...

South Korea is in for another round of the COVID-19 crisis, as the highly transmissible omicron has officially become the dominant strain amid growing concerns over its potentially sweeping impact on high-risk groups and the already fragile health sy...

 2022-01-23 20:54 

Korea Herald

UAE PM honors Zayed Sustainability Prize winners...

UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum presented awards to 10 winners of the 2022 Zayed Sustainability Prize on Jan. 17. The Zayed Sustainability Prize was established in 2008 to honor the legacy of the UAE's founding father,...

 2022-01-23 20:20 

Korea Herald

Mongolia rolls out fourth COVID vaccine shot to combat omicron surge...

Mongolia has begun administering a fourth dose of the COVID-19 vaccine nationwide on a voluntary basis starting from Jan. 7, the Embassy of Mongolia in Seoul said in a press statement Sunday. Some 66 percent of the Mongolian population have received...

 2022-01-23 19:31 

Korea Herald

[Herald Interview] Nature says it has more to show before going down...

It is not easy for anyone to voice their deepest fears, and in the case of a K-pop idol group, this would be facing the end of their run together. Yet here is a girl group who not only chose to face their fears upfront, but went further to use it in...

 2022-01-23 19:26 

Korea Herald

Omicron officially dominant in South Korea...

Omicron has risen to dominance all across South Korea about eight weeks since its discovery here. The Korea Disease Control and Prevention Agency reported Monday that omicron has displaced delta as the dominant COVID-19 variant, representing slight...

 2022-01-23 19:05 

Korea Herald

Korea sees huge drop in employment in manufacturing industry...

South Korea's manufacturing industry saw a huge drop in the number of employed in recent years mainly due to the companies' contracted local investment and restructuring among shipbuilding and auto making companies, data showed Monday.&nb...

 2022-01-23 18:55 

Korea Herald

[Today's K-pop] Pentagon's new EP will pull you right in...

Pentagon held a media showcase Monday to mark the release of its 12th EP "In:Vite U." The nine-member band is returning with new music about 10 months since "Love or Take" and as the title of the EP suggests, invites listene...

 2022-01-23 18:09 

Korea Herald

Kospi hits 13-month low on US rate hike worries...

Worries over the sooner-than-expected rate hike by the US led South Korea's benchmark Kospi to dip below 2,800 points on Monday, a first since Dec. 23, 2020, when it closed at 2,759 points. The Kospi fell 42.29 points or 1.49 percent from Frida...

 2022-01-23 17:29 

Korea Herald

K-content industry sets another export record in 2020 at $11.92 billion...

South Korean contents enjoyed robust demand overseas in 2020, defying the overall decline in exports and tepid growth in the domestic market, the Ministry of Culture, Sports and Tourism data showed on Monday. A 2021 research study on the cultural c...

 2022-01-23 17:26 

Korea Herald

Seoul stocks tumbles to 13-month low ahead of Fed meeting...

South Korea's main stock index plunged to a 13-month low Monday, as investors dumped local stocks ahead of the US Federal Reserve's policy meeting this week. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Inde...

 2022-01-23 17:23 

Korea Herald

[Newsmaker] Vaccine pass mandate will not be applied to people who have been hospitalized due to adverse reactions to vaccine...

People who have been hospitalized due to adverse events and allergic reactions to COVID-19 vaccines are exempt from the country's vaccine pass mandate, starting on Monday. According to the Central Disaster and Safety Countermeasures Headquar...

 2022-01-23 17:23 

Korea Herald

Prices growth in groceries, car fuel hits 10-year high...

SEJONG -- Consumer prices of groceries and transportation in Korea climbed fastest in a decade in 2021, which have posed aggravated burden on households amid the pandemic, state data showed Monday. These two items were found to have led the instabil...

 2022-01-23 17:19 

Korea Herald

Hanwha Q Cells CEO to lead renewable energy association...

Hanwha Q Cells said Monday that its CEO Lee Ku-hyung has been appointed the 14th chairman of the Korea New and Renewable Energy Association, a business lobby with some 420 member companies. Lee, who joined Hanwha Group in 1990, has served key positi...

 2022-01-23 17:09 

Korea Herald

[Behind the Wheel] Polestar 2, simple but powerful...

The Polestar 2, the first Polestar car to hit the Korean roads, is a performance-driven car, living up to the reputation of the Swedish carmaker that was once Volvo's racing skunkworks. With the new model, Polestar aims to compete head-on wit...

 2022-01-23 16:54 

Korea Herald

[Herald Interview] Veteran actor, journalist join hands to create political documentary...

Veteran actor Kim Eui-sung and journalist Choo Chin-woo's political documentary about the monthslong candlelight protests in Korea that led to former President Park Geun-hye's ouster, titled "Candlelight Revolution," is finall...

 2022-01-23 16:49 

Korea Herald

Opposition parties turn against each other...

Opposition parties People Power Party and People's Party are engaging in an escalating war of words, while putting down rumors of forming an alliance for the presidential election. On Monday, Lee Jun-seok, head of the People Power Party, hit...

 2022-01-23 16:45 

Korea Herald

[Korea Chips Act] Korea sets out own Chips Act, in less ambitious fashion...

This is the first installment of a two-part series on Korea's Chips Act and controversies surrounding a law meant to support the local chip industry amid heated competition around the world. -- Ed. In the wake of the global chip shortage, supply cha...

 2022-01-23 16:40 

Korea Herald

Korea's beer imports drop to all-time low...

South Korea's imports of beer recorded an all-time low last year, amid a nationwide boycott of Japanese beer and other products, data showed Monday. According to the Korea Customs Service, imports of beer decreased by 1.7 percent on-year to $2...

 2022-01-23 16:07 

Korea Herald

GS E&C becomes first to export green hydrogen plant modules...

GS Engineering and Construction said Monday it has signed a memorandum of understanding with California-based SG H2 to supply modules that will be used to construct green hydrogen plants. The renewables project, led by SG H2 Energy's special...

 2022-01-23 16:04 

Korea Herald

Yoon vows for stronger national defense, key to peace on Korean Peninsula...

Presidential candidate Yoon Suk-yeol of the main opposition People Power Party on Monday stressed the need to adopt strict measures to push North Korea's denuclearization, and vowed to strengthen national defense, saying it is the key to prospe...

 2022-01-23 16:00 

Korea Herald

BOK says mock issuance, distribution of digital currency successful...

South Korea's central bank said Monday that it has successfully completed the pilot testing of issuance and distribution of digital currency. The Bank of Korea has wrapped up the first phase of its two-part mock testing of the central bank di...

 2022-01-23 15:51 

Korea Herald

Horse's death after cruel TV stunt is in spotlight. But life is no better for other ex-racehorses...

The death of a retired racehorse which tripped for a TV drama scene has erupted a public outcry over animal cruelty in South Korea. But the life of other former racehorses is not any better, according to animal rights groups. "The average life...

 2022-01-23 15:50 

Korea Herald

LG to unveil life-size Omnipod, self-driving concept car...

LG Electronics Inc. said Monday it will show off the real-life version of its futuristic self-driving vehicle next month. The LG Omnipod, a mobility concept solution that can serve as "a home office, an entertainment center or even a lounge,&qu...

 2022-01-23 15:48 

Korea Herald

PM implores people to refrain from traveling during Lunar New Year over omicron...

Prime Minister Kim Boo-kyum on Monday asked people to refrain from traveling during the Lunar New Year holiday, as the highly transmissible omicron variant is beginning to tighten its grip on South Korea. Millions of people usually travel across the...

 2022-01-23 15:23 

Korea Herald

[Election 101] Campaign merger? What it is and why it matters...

Will two presidential candidates, Yoon Suk-yeol and Ahn Cheol-soo, merge their campaigns to win the upcoming election? It remains one of the burning questions ahead of the March presidential election. Unification during an election campaign refers...

 2022-01-23 15:22 

Korea Herald

Professor slams Japanese Embassy's refusal to Moon's gift over Dokdo...

Seo Kyung-duk, a well-known professor at Sungshin Women's University in Seoul, on Monday slammed the Japanese Embassy in Seoul for rejecting President Moon Jae-in's Lunar New Year gift that bears an image resembling the Dokdo islets on th...

 2022-01-23 15:19 

Korea Herald

Kakao Mobility to hold 1st tech conference in Feb....

Kakao Mobility will hold its first technology conference under the name of Next Mobility: NEMO 2022 with participation from global leaders in the mobility industry at Coex in southern Seoul on Feb. 10, Kakao group's multi-transportation app ope...

 2022-01-23 15:14 

Korea Herald

Lee Jae-myung vows quicker commute for Gyeonggi residents...

Presidential candidate for South Korea's ruling party vowed to heavily invest in high-speed trains and reduce the commute time in the greater Seoul area to within 30 minutes. Lee Jae-myung of the ruling Democratic Party announced Monday he wil...

 2022-01-23 14:50 

Korea Herald

KOCCA to present immersive music show featuring rappers from 'Show Me the Money 10'...

The Korea Creative Content Agency said Monday that it will stage an immersive music performance featuring 18 rappers from Mnet's rap competition program "Show Me the Money 10." As part of its performance series "On the K,&rdq...

 2022-01-23 14:39 

Korea Herald

Moon calls for swift shift to new response measures to cope with omicron...

President Moon Jae-in on Monday instructed the government to swiftly shift to new response measures to cope with the spread of the omicron variant, warning the nation could see a surge in infections in the short term. "The spread of omicron is...

 2022-01-23 14:36 

Korea Herald

NCT 127 wins grand prize at 31st Seoul Music Awards...

K-pop boy band NCT 127 achieved a landmark feat at the 31st Seoul Music Awards on Sunday, claiming its first grand prize in its six-year career. "We didn't expect this (result), but we are deeply moved by receiving such a big award. ......

 2022-01-23 14:31 

Korea Herald

[Herald Interview] After one-year hiatus, Grizzly found cheat code to music...

Music is a vessel for singer-songwriter Grizzly to convey his thoughts, creeds and the moments he has captured in life. And after a one-year hiatus from music, the singer has finally found himself returning with a true work of art forged by emotions...

 2022-01-23 14:23 

Korea Herald

Timeless writing system from 1446...

Hunminjeongeum, th Korean writing system created in 1443 and promulgated in a book format in 1446 by King Sejong, was made with the intention of developing "the proper sound for instructing the people." On Friday, the National Hangeul M...

 2022-01-23 14:18 

Korea Herald

Moon not to hold New Year's press conference in order to focus on handling omicron...

President Moon Jae-in will not hold a New Year's press conference as he focuses on handling the COVID-19 situation with the highly transmissible omicron variant becoming the dominant strain in South Korea, a senior presidential official said Monday....

 2022-01-23 13:00 

Korea Herald

WINNER's Lee Seung-hoon tests positive for coronavirus...

Lee Seung-hoon, a member of K-pop boy group WINNER, tested positive for the new coronavirus Monday, the group's agency said. "WINNER's Lee Seung-hoon was confirmed to have been infected with COVID-19 today," YG Entertainment said, adding t...

 2022-01-23 12:58 

Korea Herald

7 Lee confidants pledge not to take any appointed post...

Seven confidants of ruling party presidential candidate Lee Jae-myung said Monday they will not take any appointed post even if Lee is elected, as they appealed for support for Lee amid sluggish support. The pledge from the seven former and current...

 2022-01-23 12:53 

Korea Herald

S. Korea says it's closely monitoring N. Korea's nuclear, missile activities...

South Korea's unification ministry said Monday it is keeping tabs on North Korea's nuclear and missile activities after Pyongyang hinted last week at lifting its self-imposed moratorium on nuclear and long-range missile tests. On Wednesday, North ...

 2022-01-23 12:50 

Korea Herald

Prosecution probing allegations Yoon refused raid on religious sect as prosecution chief...

Prosecutors have opened a probe into allegations that main opposition presidential candidate Yoon Suk-yeol, while serving as prosecutor general, refused to conduct a raid on a religious sect accused of spreading COVID-19 following advice from a shama...

 2022-01-23 12:28 

Korea Herald

Jeju Air to adopt cargo plane for 1st time among budget airlines...

Jeju Air Co., South Korea's biggest low-cost carrier, said Monday it will adopt a cargo plane for the first time among local LCCs to ride out the prolonged COVID-19 pandemic. Jeju Air plans to begin operating a cargo plane in the first half of this...

 2022-01-23 12:21 

Korea Herald

Lee pledges 'transportation revolution' for Gyeonggi residents...

Ruling party presidential candidate Lee Jae-myung said Monday he will push for a "transportation revolution" to reduce commute times in the Seoul metropolitan area to less than 30 minutes by investing heavily in high-speed trains. Lee of t...

 2022-01-23 12:08 

Korea Herald

Biz hour curbs cause largest drop in in-person spending among all measures: BOK report...

Curbs on business operation hours have resulted in the biggest shrinkage in the "consumption of in-person services" among various antivirus measures introduced to combat the coronavirus pandemic, an internal central bank report showed Monda...

 2022-01-23 12:02 

Korea Herald

Listed firms' rights issues nearly double in 2021...

South Korean listed companies' rights issues nearly doubled in 2021 from a year earlier, data showed Monday. Companies listed on the country's main and other stock markets raised a combined 50.6 trillion won ($42.4 billion) through 1,346 rights of...

 2022-01-23 11:57 

Korea Herald

Public firms to hire over 26,000 new regular workers this year: govt....

South Korea's public institutions plan to hire more than 26,000 new regular workers this year in an effort to help buttress job creation, the finance minster said Monday. The move is aimed at meeting growing demand in the public service sector, incl...

 2022-01-23 11:46 

Korea Herald

S. Korean romance TV series gain popularity on Netflix...

South Korea's romantic TV series have recently made their global presence strong through Netflix, prompting global streaming services to expand their 2022 slate with romances. The romantic comedy "Our Beloved Summer," starring Choi Woo-shi...

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