Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Kim Seong-kon] The April 2024 election will decide our future
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Seoul’s bus union prepares for strike
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Dutch government to launch plan to keep ASML in Netherlands
The Dutch government is expected to lay out initial plans on Thursday to keep the country's largest company ASML, from moving operations outside the Netherlands over concerns ranging from anti-immigration policies to infrastructure problems. Semiconductor equipment maker ASML, Europe's largest tech company, shocked the Dutch government into action after CEO Peter Wennink went public with complaints about policy, including ending a tax break for skilled migrants which would make it hard
World BusinessMarch 28, 2024
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BTS' Suga begins boot camp training as social service agent
Suga of the K-pop sensation BTS began receiving basic military training at a boot camp in a central region Thursday as part of his ongoing alternative service, according to the group's agency. The rapper, whose original Korean name is Min Yoon-gi, has been serving as a social service agent since September, an alternative form of military service in South Korea. Suga entered the Army training camp in Nonsan, located 152 kilometers south of Seoul, BigHit Music said, adding that the move is in
K-popMarch 28, 2024
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Seoul bus drivers' brief strike ends in 11 hours, after agreement reached on wages
Unionized bus drivers in Seoul went on their first general strike in 12 years Thursday morning, but withdrew the protest later the same afternoon after reaching an agreement with the city over wages. At 3:20 p.m., the Seoul Metropolitan Government officially announced it had reached a new wage deal with the union and the Seoul Bus Transportation Business Association. According to the deal, the drivers will see a 4.48 percent wage increase and receive up to 650,000 won ($480) in holiday benefits.
Social AffairsMarch 28, 2024
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Hanmi-OCI merger called off
The expected merger between OCI Group and Hanmi Group has been called off after a general meeting of shareholders at Hanmi Science, the holding company of Korea's leading drug firm Hanmi Pharmaceutical, on Thursday. The management conflict within the founding family has also temporarily ended as Lim Jong-yoon and Lim Jong-hoon, the first and second sons of founder Lim Sung-ki, secured enough seats on Hanmi Science’s board to stop the merger. "(OCI) humbly accepts shareholders
IndustryMarch 28, 2024
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Seoul shares down for 2nd day ahead of US inflation data
South Korean stocks ended slightly lower Thursday ahead of the release of a key US inflation report due later this week and on remarks by a Fed official that more data are necessary to cut rates. The local currency gained against the US dollar. The benchmark Korea Composite Stock Price Index lost 9.29 points, or 0.34 percent, to close at 2,745.82. Trade volume was moderate at 412.5 million shares worth 11.7 trillion won ($8.69 billion), with losers beating winners 561 to 290. Institutions remain
MarketMarch 28, 2024
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Korea’s CMO ramp-up lures biotech investors
South Korea’s growing biopharmaceutical production capacity is increasingly making the country an attractive investment destination for global life science companies, industry sources said Thursday. Since 2016, global pharmaceutical and biotech firms started building their research and development centers and production facilities in Korea, especially within the Songdo Bio Cluster in Incheon, where the biopharmaceutical production capacity has reached 1.2 million liters, the world’s
IndustryMarch 28, 2024
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[팟캐스트] (570) 한국 오컬트 ‘파묘’ 흥행몰이 중
'Exhuma' first movie this year to attract 10m moviegoers 진행자: 김혜연, Kevin Lee Selzer 기사 요약: ‘파묘’ 올해 첫 천만 관객 돌파…한국 오컬트 장르 영화 중 최초 [1] Occult flick "Exhuma" on Sunday became the first movie to surpass 10 million in ticket sales this year, having reached the milestone on its 32nd day in theaters, according to Showbox, the film's distributor. * occult flick 초자연적 현상을 다룬 영화 * distributor 배급사 [2] The movie is the first to exceed the 10 million mark in ticket
PodcastMarch 28, 2024
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783m people face chronic hunger. Yet the world wastes 19% of its food, UN says
The world wasted an estimated 19% of the food produced globally in 2022, or about 1.05 billion metric tons, according to a new United Nations report. The UN Environment Programme's Food Waste Index Report, published Wednesday, tracks the progress of countries to halve food waste by 2030. The UN said the number of countries reporting for the index nearly doubled from the first report in 2021. The 2021 report estimated that 17% of the food produced globally in 2019, or 931 million metric tons
World NewsMarch 28, 2024
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Bang Kyung-man named as KT&G's new CEO
KT&G's Senior Executive Vice President Bang Kyung-man has cleared the final hurdle to become the company's CEO by winning shareholders approval Thursday, marking the cigarette maker's first leadership change in nine years. The decision was made at the company’s 37th annual general meeting of shareholders, held at KT&G Human Resources Development Center in Daejeon. “I am deeply grateful to the shareholders for entrusting me with the honorable opportunity to serv
IndustryMarch 28, 2024
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[Today’s K-pop] Le Sserafim to meet fans in May
Le Sserafim invited fans to the group's second fan meetup, to be held in Seoul on May 11 and -12, via Source Music on Thursday. The two-day event, “Fearnada 2024 S/S,” will stream online as well for fans across the world. The poster for the fan meeting was inspired by a scene from the trailer video for third EP “Easy,” and showed the five bandmates shooting laser beams with their eyes. The mini album is now spending a fourth week on the Billboard 200 at No. 112, af
K-popMarch 28, 2024
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Court upholds jail term for man who attempted to murder ex-girlfriend
The Supreme Court on Thursday upheld a lower court ruling that sentenced a man to 15 years in prison for the assault and attempted murder of his former girlfriend, who broke up with him before the attack. The defendant in his 30s was found guilty of attempted murder, special bodily injury on another, special intimidation, stalking and intrusion upon habitation, and was also ordered to complete 40 hours in a stalking treatment program. The court dismissed the appeals made by the defendant, who cl
Social AffairsMarch 28, 2024
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J-Hope shares his dance journey through documentary series ‘Hope on the Street’
J-Hope of BTS unveiled the first episode of his documentary series “Hope on the Street” on Thursday via online streaming platforms Tving in South Korea and Amazon's Prime Video for overseas viewers. “With the mandatory military service enlistment ahead of me, I kept asking myself what helped me become the person I am now and the answer was 'dance,'" J-Hope said, explaining his decision to create the documentary series. The first episode of the series begins
K-popMarch 28, 2024
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Immigrant woman stabbed to death by Korean husband
Local police on Thursday said it is investigating a South Korean man in his 50s on suspicion of murdering his wife, a Vietnam-born woman who had become a naturalized Korean following her marriage. The suspect is believed to have stabbed the victim to death while she was sleeping in their home in Yangsang, South Gyeongsang Province, at around 1 a.m. on Tuesday, according to the Yangsan Police Station. The suspect then drove his car to the downtown area and turned himself in to the police at 7:43
Social AffairsMarch 28, 2024
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First female CEO takes helm at Kakao
Korean IT giant Kakao on Thursday appointed Chung Shin-a as its first female, chief while it is facing urgent challenges in revamping its corporate culture and management. The announcement was made as she gained a nod from shareholders during the annual meeting and a separate approval from the board of directors earlier in the day at the company’s headquarters in Jeju Island. After being named as the CEO nominee in December, Chung has served as the head of the company’s innovation ta
TechnologyMarch 28, 2024
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[Herald Interview] Seeking redemption -- for church
For former Methodist pastor Lee Dong-hwan, an encounter with one of his congregants in early 2015 changed his life. About a year into his pastoral work at a church in Suwon, a churchgoer came out to Lee, prompting him to learn everything he could about homosexuality. Lee admitted that he did not know enough about it to adequately comfort and advise the congregant. “The thing is, I too thought homosexuality was a crime back then. I said I’d get back to the person with an answer and st
PeopleMarch 28, 2024
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Top Chinese envoy highlights synergy of bilateral cooperation in industries
Chinese Ambassador to South Korea Xing Haiming highlighted the potential for South Korea and China to lead in a broader global market by synergizing their respective strengths during his welcome remarks at The Korea Herald’s Global Business Forum on Wednesday. Xing noted that there has been a notable increase in cooperation between Korea and China in recent years, particularly in innovative and future-oriented industries such as electric vehicles, lithium batteries and solar products. &quo
PeopleMarch 28, 2024
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Audi Korea names new head, seeks business turnaround
Volkswagen Group Korea on Thursday appointed Steve Cloete to become the next head of Audi Korea as the German automaker looks for a breakthrough to turn around ailing sales in the local market. According to the announcement, Cloete will begin this new post at Audi Korea starting May 1. The new chief has over 27 years of experience in the automotive industry having worked at Hyundai Motor Group in South Africa and BMW Group in Bahrain. After joining Audi in 2014, Cloete worked in after-sales and
MobilityMarch 28, 2024