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[Monitor] One-person households in Korea suffer from low income

About 36 percent of one-person households earn less than 2 million won per month, data from Statistics Korea showed last week.One-person households, which take up one-third of all households in South Korea, tended to show low satisfaction in their type of residence with only 23.3 percent answering they were content, compared to 30.8 percent of those in multiple-households that said the same.The Seoul Institute, a research center, said that while 1 in 3 households in the country were one-person h

Biegun to arrive in Seoul amid deadlock in nuclear talks as year-end deadline approaches

Pyongyang says it conducted “another crucial test” at Seohae site

Today
North Korea
[Newsmaker] Ex-Ulsan mayor questioned over Cheong Wa Dae’s alleged election meddling

Former Ulsan Mayor Kim Gi-hyeon, who raised allegations about Cheong Wa Dae’s suspected meddling in regional elections last year, appeared before the prosecution Sunday to be questioned as a witness. Kim, who is affiliated with the main opposition Liberty Korea Party, says that the Ulsan Metropolitan Police Agency deliberately investigated suspicions surrounding his brother and close aide a few months ahead of the elections last year, to sway the vote in favor of the ruling Democratic

Today
Social affairs
Activities resume on NK naval shipyard, SLBM demonstration should not be ruled out: think tank

Minor activity has resumed at a submersible test stand barge at Nampo Naval Shipyard in North Korea, and there is the possibility that Pyongyang might test a submarine-launched ballistic missile before its year-end deadline, a US-based think tank said Sunday.Satellite imagery collected in the last several months indicate that minor activity has resumed as of Dec. 2, after a two-month hiatus since September, said Joseph Bermudez and Victor Cha of Beyond Parallel, a team that specializes in North

Today
North Korea
LG Group mourns death of honorary chairman

South Korea’s business world, government and the families over the weekend mourned the death of LG Group Honorary Chairman Koo Cha-kyung, who as the second-generation leader of the conglomerate, had led the rise of the group’s global expansion. Koo was 94 when he passed away from an illness on Saturday.At a funeral altar set up at an undisclosed hospital in Seoul, Koo’s second son Bon-neung, the chairman of Heesung Electronics, greeted mourners. The deceased’s fourth son,

Today
Industry
S. Korean rookie upsets reigning US Open champ in Presidents Cup singles

South Korean rookie Im Sung-jae defeated the reigning US Open champion Gary Woodland in the singles match at the Presidents Cup on Sunday, though Im's effort wasn't enough to get his International Team over the hump.Powered by a back-nine charge at Royal Melbourne Golf Club, Im beat the American veteran 4 & 3 for his third win in five matches in his first Presidents Cup appearance.The biennial Presidents Cup pits a team of non-European international golfers against Americans in match play. A

Today
Golf
Exhibition looks at overarching presence of virtual reality

In a video introducing Niantic’s mobile game Pokemon Go, which uses augmented reality, Pikachu is running around in an open-air cafe, past real people. The uplifting yellow creature even plays hide-and-seek using real-world objects like flower pots. “Watching the video, I thought this real world has become an image -- in an allegorical sense. It was somewhat scary too when I thought about how the real world and virtual reality overlap with one another, the one with Pikachu and the ot

Today
Arts&Design
[Herald Review] ‘Start-up,’ a loveable disappointment that fails to take off

[Honestly, Choi Jeong-yeol’s “Start-up” is a film that I would’ve loved to like. The film had such loveable characters and felt so likeable, yet both the narrative and comedy kept falling short.Perhaps the best way to describe it is that it is a poor-man’s version of “Exit,” a 2019 action comedy which blended just a hint of drama with three tablespoons of suspense, two cups of laughter, awesome characters and a whole bunch of creative settings to conjure

Today
Film
BOK may hold off further rate cut amid easing US-China tension

Following signs of a thaw in US-China trade tension, speculation is building that South Korea may slow its pace of monetary easing, in step with the growing possibility of a global economic upturn.Though the world’s top two economies face a bumpy road ahead, their latest reconciliatory move is expected to ease uncertainties -- especially for Asia’s fourth-largest economy, which is highly dependent on trade.After Washington and Beijing announced their phase one agreement Friday to red

Today
Economy
Japan sees exports to Korea fall, but Korean firms unaffected

Six months after Japan’s restrictions on exports to South Korea, its exports to Korea fell by 14 percent on-year, while South Korean export to Japan dropped by 7 percent, indicating Japan’s larger damage in outbound shipments, data showed Sunday. According to the governments and industries in two countries, from July to October, Japan’s export shipments to Korea came at around $15 billion, which fell by 14 percent on-year. Over the same period, South Korean export shi

Today
Industry
Senior diplomats of S. Korea, China, Japan met ahead of trilateral summit

BEIJING -- Senior diplomats from South Korea, China and Japan met in the southwestern Chinese city of Chengdu last week to prepare for the countries' trilateral summit later this month, China's foreign ministry said Sunday.During the talks Friday among Seoul's Deputy Foreign Minister Kim Gunn, Beijing's Vice Foreign Minister Luo Zhaohui and Tokyo's Senior Deputy Foreign Minister Takeo Mori, the officials exchanged opinions regarding the preparations for the upcoming summit, according to the mini

Today
Foreign Affairs
Woods sets Presidents Cup record, Americans make their move

MELBOURNE (AP) -- Tiger Woods set the Presidents Cup record for most victories and set the tone for his US team Sunday at Royal Melbourne.Woods seized control around the turn against Abraham Ancer and won, 3 and 2, in the first of 12 singles matches. The Americans need to win singles for the first time in 10 years to overcome a two-point deficit against the International team.Woods went 3-0 for the week as the first playing captain since Hale Irwin at the inaugural Presidents Cup in 1994. His si

Today
Golf
LG Uplus to invest W2.6tr after takeover of No. 1 cable TV operator

LG Uplus Corp., South Korea's No. 3 mobile carrier, on Sunday said that it plans to invest 2.6 trillion won ($2.2 billion) over the next five years to offer upgraded services after the country's science ministry approved its acquisition of the country's top cable TV operator.The Ministry of Science and ICT approved the telecom operator's acquisition of a 50 percent-plus-one-share stake in CJ Hello Co. from CJ ENM Co., a deal valued at 800 billion won. The acquisition will make LG Uplus the No. 2

Today
Industry
Govt. approves merger of LG Uplus-CJ Hello merger

The merger between South Korean mobile carrier LG Uplus Corp. and cable and budget phone operator CJ Hello Co. received final approval from the government Sunday in a development that could lead to more investment and growth in the local telecom and broadcasting sector.The conditional permission follows a detailed review of the market impact of the transaction, with emphasis placed on the benefits to the industry as a whole and improvements in rights and convenience for consumers, the Ministry o

Today
Industry
Top US negotiator in defense cost-sharing talks arrives in S. Korea

The top US negotiator in defense cost-sharing talks with South Korea arrived in Seoul on Sunday for a fresh round of negotiations this week over the sharing of the cost for the upkeep of American troops here, with the two sides still being far apart. Upon arrival at Incheon International Airport earlier in the day, James DeHart of the US State Department did not answer reporters' questions, such as his prospect of progress in the Special Measures Agreement that stipulates the allies' sharing of

Today
Defense

The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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