Korea Zinc buyout could jeopardize high-tech supply chains: sources

Young Poong’s bid to buy Korea Zinc has been met with concerns that the takeover of the world’s largest zinc smelter could erode its position in the global markets and cause high-tech supply disruptions. Industry watchers have cast doubt over the ability of Young Poong and private equity firm MBK Partners to run Korea Zinc, which exerts negotiation power in setting global zinc prices. “Based on Korea Zinc’s track record in the zinc smelting market, which has been built

CompaniesNov. 18, 2024

[KH Explains] Why Korean bank shares got bump from Trump's 2nd term

Shares of local banks are putting up a fight in the bearish Korean stock market, as investors are pricing in expectations that lenders could excel in the second Donald Trump administration under softened regulation and higher interest rates. The KRX Banks index, representing shares of top financial service providers such as KB, Shinhan, Woori and Hana, closed at 913.69 on Nov. 7, up 2.33 percent on-day, after Trump secured his victory in the US presidential election. It was the highest-gaining i

EconomyNov. 17, 2024

Stalker fans, or 'sasaeng' continue to plague entertainment landscape

The darker side of fame continues to haunt stars as the South Korean entertainment scene has recently been rocked by a series of incidents involving "sasaeng" fans -- meaning obsessive fans who engage in behaviors that invade the privacy of celebrities, including stalking. IST Entertainment, home to the popular K-pop group The Boyz, revealed on its fan cafe site Thursday that member Sunwoo was ambushed by a sasaeng fan hiding in the emergency stairwell where the group members live as h

TelevisionNov. 17, 2024

Will newly elected KMA chief bring ray of hope in breaking stalemate?

A week after a leadership change at Korea's largest doctors group, eyes are on whether the newly elected chief can break through a yearlong impasse and make progress in producing tangible results with the government, after the incoming leader pledged to respect junior doctors' and students' voices in handling the standoff. Drawing a line between himself and his controversy-ridden predecessor, who he says failed to protect the interests of the medical circle, Park Hyung-wook, who

Social AffairsNov. 15, 2024

Suneung retakes hit record amid med school expansion

South Korea’s annual College Scholastic Ability Test, or Suneung, took place on Thursday, witnessing a record number of retakers, drawn by the prospect of increased medical school enrollment quotas next year. With the highest number of retakers in 21 years, a total of 522,670 students, including high school seniors and graduates, were registered to take the state-administered Suneung, up 18,082 from last year. While the proportion of graduates was 0.7 percentage points lower than the previ

Social AffairsNov. 14, 2024

[Herald Interview] 'Korea, don't repeat Hong Kong's mistakes on foreign caregivers'

Fifty-one years ago, during Hong Kong's "golden era" of social reform, then-Gov. Murray MacLehose established a framework to bring in low-wage foreign workers for domestic and care work. This policy aimed to encourage educated, upper- and middle-class local women to enter the workforce — a rationale similar to that of the Seoul city government's foreign caregiver pilot program today. Though now facing different socioeconomic conditions, some South Korean politicians and

PoliticsNov. 13, 2024

Boston Dynamics robot dog joins Trump’s security detail

Spot, the four-legged robotics dog developed by Boston Dynamics, a subsidiary under Hyundai Motor Group, has reportedly joined the security detail for US President-elect Donald Trump. The $75,000 mechanical canine, bearing a cautionary tag that reads “Do not pet,” was seen patrolling the grounds of Trump’s Mar-a-Lago residence in Palm Beach, Florida. News reports said that the remote-controlled dog is with the US Secret Service. “We do not have specific details on Boston

MobilityNov. 12, 2024

Push for Seoul getting own nuclear arms gains steam after Trump win

Former US President Donald Trump’s return to the White House has South Korean conservatives pushing to secure nuclear capabilities to deter the threat posed by North Korea. Rep. Yu Yong-weon, who sits on the National Assembly defense committee, on Monday hosted a seminar attended by some dozen ruling party lawmakers to discuss Korean Peninsula nuclear policy against the backdrop of a second Trump presidency. Speaking at the seminar, Han Dong-hoon, the People Power Party chair, said Trump w

PoliticsNov. 11, 2024

LG Display unveils world's most stretchable display

South Korean display maker LG Display announced Sunday it succeeded in developing the world’s first stretchable display capable of expanding up to 50 percent, the highest elongation rate within the industry. The latest breakthrough, the outcome of five years of research, was unveiled during an industrial gathering at LG Science Park in Seoul on Friday. LG's new prototype features a 12-inch screen that stretches up to 18 inches while delivering a high resolution of 100 pixels per inch

IndustryNov. 10, 2024

US announces charges in alleged Iranian plot to assassinate Trump

US prosecutors announced charges on Friday in an alleged Iranian plot to assassinate former president Donald Trump and a prominent dissident Iranian-American journalist. The foiled assassination plot on Trump was allegedly directed by Iran's Islamic Revolutionary Guard Corps to avenge the death of Iranian general Qassem Soleimani, who was killed in 2020 in a US strike ordered by then-president Trump, the Justice Department said. Farhad Shakeri, 51, an Afghan national who is believed to be i

World NewsNov. 9, 2024

Naver to enhance 'AI Briefing' after record Q3 earnings

South Korean internet giant Naver on Friday reported record-high quarterly earnings for the July-September period, showing strong performances in all of its major businesses including the search platform, commerce and content. During an earnings call, Naver Chief Executive Officer Choi Soo-yeon said the company would expand its "AI Briefing" summary function to mobile phones next year. The feature provides direct answers to search queries by understanding user intent and context based

IndustryNov. 8, 2024

Yoon apologizes but denies wife's role in state affairs

President Yoon Suk Yeol on Thursday apologized to the public for causing worry over escalating concerns regarding an election interference scandal involving Yoon and his wife Kim Keon Hee, but defended her, saying she did not meddle in state affairs. "No president is giving an excuse. It's all my fault," Yoon said. Yoon's first public apology since his inauguration in May 2022 came at a press conference held in an apparent bid for a breakthrough in his policy reform drive. He has been

PoliticsNov. 7, 2024

North Korean leader may seek another summit with Trump, but chances for deal seen as slimmer

North Korean leader Kim Jong-un may seek another summit over its nuclear program with US President-elect Donald Trump following his second-term win, but the chances for a meaningful deal appear to be lower, given the North's enhanced nuclear capabilities, analysts said. During his first term, Trump hosted the first-ever summit between American and North Korean leaders with Kim in Singapore in 2018, followed by another summit in Hanoi, Vietnam, the next year. But they failed to produce a dea

North KoreaNov. 6, 2024

Andy Kim becomes first Korean American elected to US Senate

Andy Kim, 42, a three-term Congress representative from New Jersey, has won the US Senate race, becoming the first Korean American elected to the Senate. Kim, a Democrat, defeated Republican Curtis Bashaw, securing 53 percent of the vote to Bashaw’s 44.7 percent, with 87 percent of ballots counted as of 3 p.m., according to AP. This Senate seat opened in August when former Senator Bob Menendez resigned after being convicted on charges of bribery and acting as an agent of the Egyptian gover

PoliticsNov. 6, 2024

Amid turbulence, Yoon to address nation in news conference Thursday

President Yoon Suk Yeol will hold a news conference on Thursday at 10 a.m., as the South Korean leader approaches the halfway point of his five-year term on Nov. 10, watchful of challenges at home and abroad. Yoon's news conference comes at a turbulent time due both to heightened external uncertainties -- as the US begins counting ballots from Wednesday here that will determine its next president as well as control of the US Congress -- as well as scandals here involving him and his wife. T

PoliticsNov. 5, 2024

Yoon to hold news conference on Thursday

President Yoon Suk Yeol will hold a news conference on Thursday at 10 a.m. as the South Korean leader approaches the halfway point of his five-year term, Yoon's office announced on Monday. According to the presidential office, Yoon will map out his administration’s policy direction for the future and engage in a sincere discussion of topics that have drawn public interest. Yoon’s aides proposed that he take the opportunity to communicate with the public before he departs for an

PoliticsNov. 4, 2024

South Korea and Central Asia set stage for first summit

South Korea and five Central Asian countries -- all former Soviet republics -- are gearing up for their first-ever summit, aiming to forge a synergistic partnership that leverages shared strengths and foster regional peace amid escalating tensions fueled by illicit military cooperation between Russia and North Korea. South Korea’s Foreign Minister Cho Tae-yul convened the 17th Korea-Central Asia Cooperation Forum in Seoul on Monday, bringing together foreign ministers, vice foreign ministe

Foreign AffairsNov. 4, 2024