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 2021-01-24 23:35 

Korea Herald

Prosecution questions ex-industry minister over reactor shutdown controversy...

The prosecution questioned former Industry Minister Paik Un-gyu on Monday as part of its probe into the controversial closure of South Korea's second-oldest nuclear reactor. The Daejeon District Prosecutors Office grilled Paik over allegations that...

 2021-01-24 23:31 

Korea Herald

Ex-Seoul Mayor Park sexually harassed secretary: watchdog...

The state human rights watchdog said Monday that former Seoul Mayor Park Won-soon's actions toward his secretary amounted to sexual harassment. The National Human Rights Commission of Korea said it reached the conclusion after looking into allegatio...

 2021-01-24 20:59 

Korea Herald

Doosan Heavy clinches W780b desalination plant deal...

Doosan Heavy Industries & Construction Co., a major South Korean plant builder, said Monday it has clinched a 780 billion-won ($707.8 million) deal to build a seawater desalination plant in Saudi Arabia. Doosan Heavy has inked a deal to build th...

 2021-01-24 19:49 

Korea Herald

Kakao merges two arms to launch Kakao Entertainment...

Kakao, the company behind Korea's most popular messaging app KakaoTalk, announced Monday the launch of Kakao Entertainment following the merger of its two subsidiaries Kakao M and Kakao Page. The process of binding mobile-based web comic platf...

 2021-01-24 19:46 

Korea Herald

IKON's Bobby sings the bliss and sorrows of his 20s in 'Lucky Man'...

IKON's Bobby dropped his second solo studio album Monday. In "Lucky Man," he sings of the diverse emotions he experienced in his youth. "The key was threading the tracks into an agreeable story. I worked on arranging the orde...

 2021-01-24 19:26 

Korea Herald

Once the nation's retail giant, Lotte Group in urgent need of transformation...

The COVID-19 pandemic, along with the yearslong slow growth trend, has weighed upon most businesses but the burden was especially heavy for those that failed to grow out of conventional operating models. An example among South Korea's top busi...

 2021-01-24 19:20 

Korea Herald

Court rules in favor of importing life-size sex dolls...

Another court ruling came on Monday in favor of importing a life-size sex doll despite persistent controversy over the sex doll which many denounce as sexually objectifying women and prompting an increase in sex crimes. The Seoul Administrative Cou...

 2021-01-24 19:16 

Korea Herald

Korea begins reviewing Pfizer vaccine...

Korea's Ministry of Food and Drug Safety said Monday that it has started the 40-day expedited review process for the Pfizer-BioNTech COVID-19 vaccine. Pfizer applied for the emergency use approval of its vaccine Monday, the Drug Ministry said...

 2021-01-24 19:13 

Korea Herald

Pohang city orders mandatory virus testing for each household...

Pohang city has ordered its residents to have at least one person get tested for the coronavirus from each household. "Although the spread of COVID-19 is on the decrease across the country, the city of Pohang is seeing an increase in the numb...

 2021-01-24 19:13 

Korea Herald

For some survivors, COVID-19 won't go away...

Almost a year into the pandemic, former COVID-19 patients are reporting symptoms that persist well beyond the course of their recovery -- a phenomenon also known as "long COVID." Korea Disease Control and Prevention Agency Deputy Directo...

 2021-01-24 19:08 

Korea Herald

Moon checks readiness for COVID-19 vaccination...

President Moon Jae-in on Monday called for thorough readiness among government offices as the nation prepares to start COVID-19 vaccinations with the imminent arrival of the first batch of vaccines, possibly early next month. "The coronavirus...

 2021-01-24 18:54 

Korea Herald

Golden Blue to become first Korean whiskey to be exported to US...

South Korean whiskey company Golden Blue said Monday that its Golden Blue Sappirus will hit the US market in February. Having been shipped Saturday, the blue-bottled whiskey will become the country's first locally produced whiskey to be export...

 2021-01-24 18:51 

Korea Herald

Moon calls for institutionalized financial support for self-employed...

President Moon Jae-in on Monday called for his administration to seek institutionalized measures that could financially aid small businesses and the self-employed hit by the COVID-19 pandemic. "I hope the government and the ruling Democratic...

 2021-01-24 18:46 

Korea Herald

Total cases of new COVID-19 variants reach 27 in S. Korea...

South Korea reported nine more cases of COVID-19 variants over the past week, health authorities said Monday as they scrambled to block the influx of highly contagious new strains into the country. Nine people were infected with the mutated virus v...

 2021-01-24 18:38 

Korea Herald

Games and music sectors see biggest KOCCA budget increase...

The Korea Creative Content Agency's 2021 budget has been set at 484.2 billion won ($440 million), a 54.4 billion won increase from last year. KOCCA uploaded multiple videos on its YouTube channel on Monday, outlining the details of the budget...

 2021-01-24 18:15 

Korea Herald

Demand for homes in greater Seoul hits record high...

Despite the South Korean government's relentless efforts to curb soaring apartment prices, there seems to be no sign of demand letting up in Seoul and its surrounding cities, according to the Korea Appraisal Board on Monday. The state-run prop...

 2021-01-24 18:14 

Korea Herald

Investing 101 for teens in South Korea gain popularity...

Korean teenagers have jumped on the stock investment bandwagon, as investment tutorials targeted at students -- as young as elementary school kids -- have soared over the winter holidays. Bae Jin-han from the Fine Start Academy recently launched a...

 2021-01-24 18:04 

Korea Herald

Moon urges compensation measures for coronavirus-hit small merchants, self-employed...

President Moon Jae-in instructed his government Monday to explore "institutional" ways to compensate the self-employed and owners of small businesses in South Korea for their losses that are attributable to the COVID-19 pandemic. The call...

 2021-01-24 17:54 

Korea Herald

DP to revise law to establish new state agency on workplace disaster safety...

The ruling Democratic Party (DP) has decided to consult with rival parties to establish a new government organization dedicated to promoting occupational safety and better preventing industrial disasters, the party's chief said Monday. In a party le...

 2021-01-24 17:46 

Korea Herald

New manager for KBO club wants to give fans hope during pandemic...

When it comes to playing for fans, Hong Won-ki, recently named the manager of the South Korean baseball club Kiwoom Heroes, doesn't want his players just to talk the talk. He'd like to see them walk the walk with their action on the field. Hong, w...

 2021-01-24 17:21 

Korea Herald

Seoul City recruiting 350 youth interns for global enterprises and startups...

New opportunities are opening up for young job seekers after the novel coronavirus caused severe internship cuts in 2020. On Monday the Seoul Metropolitan Government announced that it would provide 350 job seekers with professional training and fiel...

 2021-01-24 17:20 

Korea Herald

Seoul stocks surpass 3,200 to hit all-time high...

South Korean stocks surpassed the 3,200-point threshold to finish at an all-time high Monday, with a flurry of big-name firms set to report their fourth-quarter earnings. The Korean won rose against the US dollar. The benchmark Korea Composite Stock...

 2021-01-24 17:18 

Korea Herald

Hanwha Solutions triples production of safe plastic material...

Hanwha Solutions said Monday it will triple production of the eco-friendly plastic material Eco-DEHCH to respond to a growing market demand. According to the South Korean solar-to-chemical company, it has completed the expansion of its Eco-DEHCH fa...

 2021-01-24 17:16 

Korea Herald

EXO's D.O. discharged from military...

D.O., member of K-pop boy band EXO, has completed his mandatory military service and was officially discharged Monday. D.O., whose legal name is Doh Kyung-soo, was recently on his final leave and was discharged without having to return to his base,...

 2021-01-24 17:03 

Korea Herald

Police to crack down on unauthorized entertainment facilities...

Police will start cracking down on unauthorized entertainment facilities that hinder quarantine efforts in place to prevent the spread of the coronavirus, the National Police Agency said Sunday. Starting Monday, police will team up with local gover...

 2021-01-24 16:51 

Korea Herald

Samsung's jailed heir gives up appeal...

After Samsung Electronics Vice Chairman Lee Jae-yong decided not to appeal last week's court ruling, his absence from the country's top conglomerate was finalized. With Lee in jail, the conglomerate won't be able to pull off new siz...

 2021-01-24 16:48 

Korea Herald

Do Korean OTTs stand a chance against Netflix?...

Over-the-top media giant Netflix stood out as the most popular OTT platform in South Korea last year, with over half of OTT users here subscribing to Netflix, according to data analyst Consumer Insight. In a survey of some 40,000 Koreans by Consume...

 2021-01-24 16:34 

Korea Herald

[Newsmaker] Progressive party leader resigns over sexual harassment...

The head of a minor progressive opposition party was removed from his post on Monday over sexual harassment, marking the first time the leader of a political party in South Korea has stepped down due to sexual misconduct. The Justice Party -- which...

 2021-01-24 16:30 

Korea Herald

S. Korea confirms 9 more cases of COVID-19 variants, total now at 27...

South Korea confirmed nine more cases of contagious variants of the new coronavirus on Monday, bringing the variants' total caseload to 27, as health authorities remain vigilant against the possibility that highly transmissible new variants could spa...

 2021-01-24 16:29 

Korea Herald

'Senior North Korean diplomat is living in South'...

North Korea's former acting ambassador to Kuwait has been living with his family in South Korea for at least a year, a local newspaper reported Monday. The diplomat, Ryu Hyun-woo, was the North's acting chief of mission in Kuwait in 201...

 2021-01-24 16:27 

Korea Herald

Kakao Bank to recruit over 100 workers in H1...

Kakao Bank, South Korea's leading Internet-only bank, said on Monday that it is hiring more than 100 employees in its push to ramp up digital innovation. The lender said it plans to hire experienced talent in eight areas -- financial IT...

 2021-01-24 16:22 

Korea Herald

Unification Minister calls for flexible solution to the joint military exercises...

Unification Minister Lee In-young on Monday stressed the need to find a flexible solution to the upcoming joint military exercise between Washington and Seoul, to prevent further flare-up of cross-border tensions. Lee underlined four areas tha...

 2021-01-24 16:21 

Korea Herald

[Herald Interview] Young feminist politician runs for Seoul mayor...

Shin Ji-hye, a 33-year-old feminist and socially liberal politician, hopes to set off sweeping changes in the nation and challenge social, financial and gender inequality, starting with the Seoul mayoral election. Shin, a representative of the mino...

 2021-01-24 16:15 

Korea Herald

Hyundai Mipo wins chemicals carrier deal from Europe...

Hyundai Mipo Dockyard Co., a mid-sized shipyard here, said Monday that it has won a 80.2 billion won ($73 million) order to build two petrochemical carriers for a European company. The deal calls for the shipyard to deliver the vessels by March next...

 2021-01-24 16:13 

Korea Herald

[Herald Interview] Microbiome key to personalized health supplements...

While the human body is composed of some 30 trillion cells, the number of microorganisms, including bacteria, outnumber the cells to about 38 trillion, and they have tremendous effects on our physical health. Now with advanced technologies, individ...

 2021-01-24 16:13 

Korea Herald

Daewoong to start phase 3 trial of COVID-19 preventive...

Daewoong Pharmaceutical said Monday that it plans to conduct a clinical phase 3 trial for its drug targeted at preventing COVID-19. The company received an approval from the Ministry of Food and Drug Safety to begin the last stage of clinical tria...

 2021-01-24 16:11 

Korea Herald

Direct purchasing from overseas increases by 71% in 2020 with COVID-19: Malltail...

While global travel has come to a virtual standstill due to the COVID-19 pandemic, people have turned to buying goods directly from overseas retailers last year, a delivery service company said Monday. According to Malltail Korea Center, which offe...

 2021-01-24 16:11 

Korea Herald

Korean content popularity boosts related stocks amid contactless trend...

South Korean media content-related stocks have soared at a fast clip, backed by rising demand for over-the-top services and growing expectations for Korean entertainment to strengthen its global foothold, data showed Monday. Studio Dragon, a major l...

 2021-01-24 15:51 

Korea Herald

Kim Si-woo captures 3rd PGA Tour victory...

Kim Si-woo won the American Express and captured his third PGA Tour title, securing his first victory since 2017. Kim birdied two of the final three holes to card a bogey-free 8-under 64 in the final round to edge out late-storming Patrick Cantlay,...

 2021-01-24 15:36 

Korea Herald

Retailers get ready for Lunar New Year...

Retailers are anticipating a surge in online shopping in the coming weeks ahead of this year's Lunar New Year holiday, widely known as Seollal in South Korea. Leading Korean e-commerce business Tmon said Monday that the volume of orders genera...

 2021-01-24 15:36 

Korea Herald

FSS set to order local banks compensate Lime fund customers...

South Korea's market watchdog Financial Supervisory Service is slated to order local banks that sold the problematic funds structured by Lime Asset Management to compensate investors who were victims in the massive fraud, officials said Monday....

 2021-01-24 15:31 

Korea Herald

Labor income gap widened amid COVID-19 pandemic: report...

The labor income gap among wage earners in South Korea worsened last year due to the COVID-19 pandemic, a government report showed, despite narrower disparities in disposable income under the Moon Jae-in administration. The Gini coefficient -- a mea...

 2021-01-24 15:28 

Korea Herald

SsangYong Motor cuts wages by half amid liquidity crisis...

Financially troubled SsangYong Motor Co. said Monday it will cut its employee wages in half in January and February as it struggles with mounting costs amid lackluster sales. In a recent message to employees, SsangYong Motor President and CEO Yea By...

 2021-01-24 15:11 

Korea Herald

Galaxy S21 sales tipped to hover around 2.4m units in S. Korea this year: report...

Sales of Samsung Electronics Co's new smartphone line, the Galaxy S21, are expected to reach 2.4 million units this year in South Korea, a report showed Monday, as the tech giant tries to expand its presence against Apple Inc.'s iPhone 12. Galaxy ...

 2021-01-24 15:07 

Korea Herald

12 USFK-affiliated people test positive for COVID-19...

Ten US service members and two dependents have tested positive for the new coronavirus upon their arrival in South Korea, US Forces Korea (USFK) said Monday. One service member arrived at Osan Air Base in Pyeongtaek, some 70 kilometers south of Seou...

 2021-01-24 15:05 

Korea Herald

S. Korea delays UN peacekeeping ministerial forum to Dec. due to pandemic...

South Korea has postponed its hosting of a high-level UN peacekeeping meeting, initially planned for April, to December due to the COVID-19 pandemic, the ministries of foreign affairs and defense said Monday. The decision to reschedule the UN Peacek...

 2021-01-24 15:00 

Korea Herald

Mass infection cluster in Daejeon, virus variants put authorities on alert...

South Korea is on alert as a new infection cluster traced to a missionary school in Daejeon could serve as a major threat to the country's response to its ongoing third COVID-19 wave. Since the outbreak first came to light Saturday, Korea disc...

 2021-01-24 14:52 

Korea Herald

Kakao's two content arms to merge into Kakao Entertainment...

Kakao Page and Kakao M announced Monday that they would merge into a new entity, Kakao Entertainment. The merger, which was agreed during the board of directors meetings of the two firms earlier that day, will be finalized through a general sharehold...

 2021-01-24 14:25 

Korea Herald

Border county struggling to get rid of fish inventory from canceled ice fishing fest...

HWACHEON -- Many local governments nationwide are struggling to cope with repercussions from the coronavirus-caused cancellations of their seasonal festivals that used to generate sizable economic benefits and tourism income for local residents and m...

 2021-01-24 14:07 

Korea Herald

Despite COVID-19, govt. seeks to expand in-person classes due to challenges of remote learning...

South Korean school kids are expected to attend more in-person classes this year, as concerns are growing over the widening education gap and child care among working parents. "The ministry is planning to expand in-person instruction this year,...

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