Despite the government's decision to raise the subsidy for parents having more than one child this year by 1 million won ($760), a survey suggests that the subsidy may not significantly influence parents' decisions to have another child. “Despite implementing the voucher subsidy, a recent decrease in the total fertility rate suggests there has been no direct impact (on having another child),” said Lee Yun-jin, a senior researcher at the Korea Institute of Child Care and E

Industry Jan. 5, 2024

Incheon International Airport and Starfield shopping malls were the top two destinations searched for on GPS app T Mobility, during the three-day New Year's holiday, the app’s operator said Wednesday. The big data analysis confirms a preference for either overseas vacations or shopping at mega malls during the holidays. From Dec. 30 to Jan. 1, T Map Mobility recorded 33,856 GPS-based routing requests from users heading to Incheon International Airport Terminal 1. Combined with reque

Industry Jan. 3, 2024

It is the pulsating heart of everything – from business and fashion trends to education and culture. Seoul's dynamic energy is infectious, drawing people from all corners of the country and beyond. Yet, the city is also a place where life is often consumed like a commodity, where the pace of life operates in overdrive. We asked nine people whose lives have intersected with the city what Seoul meant to them. A family’s ticket to wealth Kim Hee-yong’s move to Seoul 1 1/2

Hashtag Korea Jan. 2, 2024

French news outlet La Chaine Info sparked outrage among Koreans by broadcasting picture of the South Korean national flag with a red circle instead of the distinctive "taegeuk" mark at its center. The incorrect flag appeared in a visual aid used by the news presenter Sunday during a segment discussing North Korean leader Kim Jong-un's provocative remarks about war against South Korea, made during a meeting with high-ranking officers. The error was particularly concerning to many

Industry Jan. 2, 2024

Nearly 1 in 4 South Korean workers beat the morning traffic rush by leaving home before 7 a.m., according to data released Thursday by Statistics Korea and SK Telecom. Analyzing data from 7.12 million commuters, the findings revealed that 24.6 percent hit the road before 7 a.m., with the figure swelling to 50.8 percent by 8 a.m. These early birds spend an average 34.7 minutes commuting one way, and those living in cities surrounding Seoul endure even longer journeys, averaging 40.3 minutes. That

Hashtag Korea Dec. 22, 2023

Korean ramyeon holds a special place in Koreans’ hearts, not just their stomachs. The iconic phrase, "Do you want to join me for some ramyeon (at my place)?" -- playfully employed in the 2001 film "One Fine Spring Day" to extend a late-night invitation to a romantic interest -- speaks volumes about its place in the Korean psyche. Affordable, simple to make and scrumptious, ramyeon is without doubt many Koreans' soul food. From its birth some 60 years ago to the lat

Hashtag Korea Dec. 19, 2023

A team led by Andrew, comprising James, Chris and Lisa, engages in lively conversations about work while addressing each other by their first names. This atmosphere is something that some Korean companies are trying to emulate by mandating all employees to use their preferred English name while at work. The rationale is that they need to move away from the Korean language’s emphasis on honorifics, position titles and other formalities, to facilitate horizontal communication. The thinking

Hashtag Korea Dec. 18, 2023

Nearly 30 percent of Korean couples who have been married for less than five years both work and have no children, according to a report released Monday by Statistics Korea. Among the 815,357 such couples, 28.7 percent were “dual-income, no kids” couples, or DINKs. It represented more than a 10 percentage point increase from 2015. The shift toward the DINK lifestyle is attributed to various factors, including the increased participation of women in the workforce, a growing societal

Foreign Affairs Dec. 18, 2023

JAKARTA, Indonesia – The Korea Herald and Indonesia's Kompas Daily have pledged to strengthen media cooperation, solidifying their commitment during the Korea-Indonesia Cooperation Forum in Jakarta on Thursday. Established in 1965, the Jakarta-based Kompas Daily enjoys a distinguished reputation in Indonesia's media landscape. The forum itself was a collaborative effort between Herald Corp., publisher of The Korea Herald and Herald Business, and the Indonesian Chamber of Commerce

Industry Dec. 5, 2023

JAKARTA, Indonesia -- Amid resounding cheers, South Korean Ambassador to Indonesia Lee Sang-deok raised a spirited toast at the "Korea-Indonesia Friendship Night" event held on Thursday in Jakarta. The event took place following a business forum held to commemorate the 50th anniversary of bilateral diplomatic ties at the Hotel Mulia Senayan earlier in the day. "Closer friendship, stronger partnership," Lee proposed, raising a toast. Following Lee, Indonesian girl group Star

Industry Dec. 3, 2023

JAKARTA, Indonesia -- In bustling Indonesia, with its youthful population, one might assume that digital prowess would be the answer for financial firms looking to unlock a treasure trove of untapped potential. However, two chiefs heading Indonesian units of Korea's top financial companies -- Mirae Asset Securities and KB Kookmin Bank -- said that mere possession of technology was not enough. “Technology is an enabler, not a solution,” Mirae Asset Sekuritas Indonesia President D

Industry Dec. 3, 2023

JAKARTA, Indonesia -- Over three decades have passed since South Korea embarked on the construction of "new residential towns" in satellite cities. However, the initial goal of creating self-contained cities seems has been mostly unsuccessful, with most ending up as bedroom communities. Pantai Indah Kapuk 2 (PIK 2), a new town and satellite city in Indonesia, envisions a similar goal to Korea's, having been designed as a hub where people can "work, live and play," accord

Industry Dec. 3, 2023

JAKARTA, Indonesia -- Lim Jong-soon, secretary general of the Korean Chamber of Commerce and Industry in Indonesia, emphasized the necessity of two-way cultural exchanges between Korea and Indonesia at the Korea-Indonesia Cooperation Forum in Jakarta on Thursday. Lim expressed his concern that although Korean culture holds significant sway in Indonesia, Indonesian cultural influence in Korea remains comparatively limited. "Among Koreans, Indonesia is only perceived as a densely populated an

Industry Dec. 3, 2023

South Korean financial group Korea Investment Holdings announced Thursday that it has selected Kim Sung-hwan, the executive vice president and head of private customer business of its brokerage subsidiary Korea Investment & Securities, as the final candidate for the brokerage firm’s CEO position. Kim, born in 1969, joined Korea Investment & Securities in 2004 after working at LG Investment & Securities for about three years. He is recognized for his expertise in overseeing vari

Industry Nov. 23, 2023

A longstanding Korean market adage that "when the cold wind blows, it's time to invest in bank stocks" appears to have lost its luster, as those shares have struggled due to a proposed windfall tax on local lenders' profits from high interest rates. The adage stems from the historical tendency for bank stocks to rise in the fourth quarter, coinciding with the distribution of year-end dividends. This year, the prospect of hefty taxes is moderating dividend forecasts, causing h

Industry Nov. 23, 2023