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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 ...

Jan 25, 2021
Industry
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 ...

Jan 25, 2021
Industry
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 B...

Jan 25, 2021
Social affairs
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 sai...

Jan 25, 2021
Foreign affairs
Virus variants, infection cluster in Daejeon 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 outb...

Jan 25, 2021
Social affairs
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...

Jan 25, 2021
Television
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 be...

Jan 25, 2021
Politics
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 plann...

Jan 25, 2021
Social affairs
Minister hopes for 'wise' and 'flexible' solution to joint military drill issue

Unification Minister Lee In-young expressed hope Monday for a "wise" and "flexible" solution on whether to hold joint military drills with the United States so that the issue will not cause serious t...

Jan 25, 2021
North Korea
No. of fake banknotes dips to record low in 2020 amid pandemic

The number of counterfeit South Korean banknotes fell to a record low in 2020, the Bank of Korea (BOK) said Monday, as the coronavirus pandemic caused a decline in cash usage. Last year, the number ...

Jan 25, 2021
Economy
Defense ministry denies media report on alleged push for time-based OPCON transfer

South Korea and the United States are working closely on the conditions-based wartime operational control (OPCON) transfer, as agreed upon earlier, the defense ministry said Monday, rebutting a media...

Jan 25, 2021
Defense
S. Korea culls nearly 22m poultry amid bird flu outbreaks

South Korea's agricultural ministry said Monday it has completed destruction of 21.7 million poultry since late November to prevent the spread of highly pathogenic bird flu at farms. The total numbe...

Jan 25, 2021
Social affairs
Pixar's animated film 'Soul' brings moviegoers back to theaters

Pixar's latest animated film "Soul" has been jazzing up South Korean movie theaters, which have been nearly empty for months due to the resurgence of the novel coronavirus, data showed Monday. Relea...

Jan 25, 2021
Film
KT hires new advisors for AI, robotics push

KT Corp., a major South Korean telecom operator, said Monday global robotics expert Dennis Hong will join the company in an advisory role to help boost its efforts to integrate new technology into th...

Jan 25, 2021
Industry
Samsung heir Lee, prosecutors won't appeal ruling in bribery case

Samsung heir Lee Jae-yong and the prosecution said Monday that they will not appeal last week's appeals court ruling that sentenced him to 2 1/2 years in prison in a retrial of a high-profile bribery...

Jan 25, 2021
Industry

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114