The Korea Herald

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[Editorial] Two sides of the same coin

EditorialMar 27, 2023

Two contrasting stories concerning cryptocurrency are currently in the news. First, bitcoin pulled off a strong rally this month, renewing investor appetite for the world’s largest cryptocurrency. Second, Do Kwon, the co-founder of Terraform Labs -- once a high-flying darling of the crypto market before crashing spectacularly -- was arrested in Montenegro on March 23. Few people can deny the fac...
[Howard Davies] US financial regulatory system is still broken

ViewpointsMar 27, 2023

When a bank fails, attention inevitably turns to its regulators. Who was asleep at the wheel? Who failed to spot the warning signs? The failure of Silicon Valley Bank is no exception. In the United States, these questions are often directed at many different agencies, since the system is complex and hard for outsiders to understand. So, the conclusion is often an inverted form of John F. Kennedy...
[Martin Schram] Xi, Putin ‘no limits’ pact has limits

ViewpointsMar 27, 2023

Xi Jinping and Vladimir Putin ended their Moscow summit last week by showcasing economic help and diplomatic support China will provide the now supplicant banana-less republic that is Putin’s Russia today. But even more importantly, the two autocratic presidents were careful not to spotlight this year’s most important reality: Apparently, their famous “no limits” partnership they boldly declared...
Kakao’s SM acquisition nears completion

MarketsMar 26, 2023

Kakao's plan to acquire leading K-pop agency SM Entertainment is nearing its final stage, with the music label's annual general meeting set to take place Friday. According to industry sources, the South Korean internet and portal giant's tender offer to buy a 35 percent stake of SM has won enough support from SM investors. Earlier this month, Kakao offered to buy off shares at 150,000 won ($115)...
Artist Oh Sea-young under spotlight at posthumous show

Arts&DesignMar 26, 2023

The painting “Festival” features an ocean blue background and woodcut prints on a canvas with a collage technique. Upon close examination, a number of people are visible, as if they are dancing on the canvas. Another painting titled “Sign of Mentality” features a number of black brushstrokes against a golden background. In the hopes of sharing Oh's work, Park plans to open another show in Seoul ...
Police tracking down two Kazakhs who fled from airport

Social affairsMar 26, 2023

South Korean authorities are on the hunt for two Kazakh nationals who fled from the airport after being refused entry into the country. According to Incheon Airport Police, at 4:18 a.m. Sunday, two Kazakhs nationals -- aged 18 and 21, respectively -- fled over the northern fence on the fourth landing strip of Incheon Airport. The two Kazakhs arrived at Incheon Airport Terminal 2 at 7:26 a.m. on...
[Hello Hangeul] Upgrade needed for teaching 'advanced' Korean

Social affairsMar 26, 2023

The soaring popularity of South Korean pop culture has fueled a boom in Korean language learning using songs and dramas in recent years. With the help of the media and internet, foreign learners are putting their best foot forward to get a better grasp of Korean colloquial expressions, new words and slang used by younger Koreans. Some learners also improve their linguistic knowledge by taking Ko...
Bereaved families can get foreign workers pension payments

Social affairsMar 26, 2023

The South Korean Constitutional Court has ruled that a clause in the Construction Workers Act preventing the payment of retirement deductions to foreign nationals' bereaved families living abroad is unconstitutional. The ruling came after a Vietnamese woman, whose husband worked in Korea and died in a construction site accident, was denied retirement deductions by the Construction Workers' Mutua...
Samsung chief travels to China first time in 3 years, meets with key officials

IndustryMar 26, 2023

Samsung Electronics Chairman Lee Jae-yong is making the most out of his first trip to China in three years, inspecting the affiliates’ production facilities, meeting with key Chinese officials and attending a high-profile summit with global business leaders. Samsung Electronics said Lee attended the China Development Forum, a three-day forum that kicked off Saturday in Beijing. There, Lee met wi...
Posco Future M named top supplier for General Motors

TransportMar 26, 2023

South Korea’s battery materials producer Posco Future M said Sunday it has received an award from General Motors for its outstanding achievement across the global purchasing and supply chain. It was one of 14 companies to have received the General Motors’ Overdrive Award, which is given to companies who specialize in automotive components, batteries and software provision. The evaluation criteri...
[Photo News] Hyundai's Busan Expo promotion

TransportMar 26, 2023

Hyundai Motor Group launched a global promotion program for the southern port city of Busan’s 2030 World Expo bid prior to a visit to Korea by the Bureau International des Expositions delegation, slated for April 2-7. The car maker released 16 1-minute invitation videos created by Busan citizens in different languages including English, Chinese, Spanish and Portuguese.
Warrant dismissed for ex-governor's son's alleged meth use

Social affairsMar 26, 2023

The Suwon District Court on Saturday denied a police request for a warrant to further detain the son of former Gyeonggi Province Gov. Nam Kyung-pil, who has been accused of methamphetamine use. The court declared there was not enough evidence to constitute a need to detain the 32-year-old Nam, who is suspected of illegally taking drugs at his apartment in Yongin, Gyeonggi Province, Thursday. Na...
More premature births amid low birthrates: report

Social affairsMar 26, 2023

The preterm birth rate in South Korea is on the rise, while the country's overall birthrate reached an all-time low, data showed on Sunday. Statistics from the Korea Institute for Health and Social Affairs showed that the total number of births in the nation has decreased over the past decade, shrinking from 471,000 in 2011 to 261,000 in 2021. During the same period, the rate of premature birth...
Over 600 elderly citizens rally support for Busan Expo bid

Social affairsMar 26, 2023

Over 600 elderly citizens from Busan and its neighboring regions have recently rallied support for Busan's bid to host the World Expo in 2030. The so-called "Silver Supporters" will be tasked with taking part in events to promote Busan's World Expo bid and to welcome the Bureau International des Expositions Enquiry Mission visit to Busan in early April. Busan is the third destination for the BIE...
Top court finds Jehovah's Witness guilty of evading civilian service

Social affairsMar 26, 2023

The South Korean Supreme Court revealed Sunday that it recently found a religious man guilty of failing to fulfill his alternative military service as a social service agent, which exempts him from active duty as a soldier. The case to decide whether the 31-year-old Jehovah's Witness, whose further personal identity remains undisclosed, committed a crime has been remanded to a district court in ...