The Korea Herald

Indy 500 winner Wheldon dies after massive wreck

More sportsOct 17, 2011

LAS VEGAS (AP) -- Indianapolis 500 winner Dan Wheldon died Sunday at Las Vegas Motor Speedway after his car became ensnarled in a fiery 15-car pileup, flew over another vehicle and landed in a catch fence just outside turn 2.The 33-year-old Englishman was a two-time Indy winner, including this year'
Korean firms' direct financing slips in Sept.

IndustryOct 17, 2011

SEOUL, Oct. 17 (Yonhap) -- South Korean companies' direct financing marginally declined in September from a month earlier as companies scaled back their debt sales, the financial watchdog said Monday.Local firms raised 10.4 trillion won (US$9 billion) by issuing stocks and bonds last month, down 27.
Exports of Hyundai's Equus luxury sedan surge

TransportOct 17, 2011

SEOUL, Oct. 17 (Yonhap) -- South Korea's top automaker Hyundai Motor Co. said Monday that exports of its flagship Equus passenger car have surged thanks to its globally competitive performance.The carmaker said overseas sales of its second generation Equus that was first launched in March 2009 reach
Lee says alliance with U.S. ‘evolving into global alliance’

Foreign affairsOct 17, 2011

SEOUL, Oct. 17 (Yonhap) -- President Lee Myung-bak said Monday South Korea’s alliance with the United States is “evolving into a global alliance” under which the two countries are working together to tackle not only Korean Peninsula issues but global challenges as well.Lee made the remark in his biw
S. Korean firms face cash crunch amid financial turmoil

IndustryOct 17, 2011

SEOUL, Oct. 17 (Yonhap) -- The bulk of South Korea's large companies are confronted with worsening liquidity conditions as a result of global economic uncertainty, data showed Monday.The annual excess cash flow forecast of 83 listed companies reached 43 trillion won (US$37 billion), nearly halving f
Air quality at theaters to be regulated by law

Social affairsOct 16, 2011

The air quality of movie theaters, exhibition halls, Internet cafes and private education institutes will be newly regulated, the government said Sunday, with fines to be issued for poor maintenance. The Ministry of Environment will add the four types of public facilities to its list of places where
Nearly 9 out of 10 Koreans distrust politicians: poll

PoliticsOct 16, 2011

Nearly nine out of 10 South Koreans distrust domestic politics and politicians, a poll showed Sunday, illustrating a growing sense of crisis among rival political parties.According to a poll of 1,018 adults and 730 youths by the Office of the Minister of Special Affairs, 87.1 percent of adults and 8
Polls tight in Seoul mayoral race

PoliticsOct 16, 2011

The two candidates representing the ruling party and the liberal opposition bloc are locked in a dead heat as recent opinion polls showed the race for Seoul mayor to be too tight to call.　Some polls found that judge-turned-politician Na Kyung-won of the Grand National Party had already bridged the g
Lee’s visit to U.S. strengthens alliance

PoliticsOct 16, 2011

President returns home from trip highlighted by ratification of free trade agreementPresident Lee Myung-bak’s state visit to the United States was a demonstration of their stronger alliance through the U.S. Congress ratification of the bilateral trade agreement.Lee returned home Sunday, wrapping up
Fiery Occupy Seoul peacefully fizzles out

Social affairsOct 16, 2011

Angry protests in Seoul joined an international demonstration with a grab bag of complaints centered on the super wealthy, but fizzled out ahead of schedule on account of rain on Saturday.An estimated 600 protesters gathered in front of Deoksu Palace for Occupy Seoul, organized by some 30 civic and
Surgeon to compensate for before-and-after images

Social affairsOct 16, 2011

A local court has ordered a plastic surgeon to pay compensation to a patient for posting her before-and-after photos on his clinic website without her consent. The Seoul Central District Court ruled Sunday that the surgeon should pay 30 million won ($26,000) to the patient who claims to have suffere
JCS chief to attend regional defense meeting

DefenseOct 16, 2011

South Korea’s Joint Chiefs of Staff Chairman Han Min-koo will participate in the annual conference of top military officers from the Asia-Pacific region this week in Hawaii to discuss regional military issues, officials said Sunday.Before joining the Chiefs of Defense meeting from Tuesday to Thursda
Schools to get wider insurance coverage

Social affairsOct 16, 2011

Accidents increase 11% to 77,496, damages rise 16.3% to 22 billion wonSchool insurance coverage for accidents in elementary, middle and high schools will expand to activities off campus and the general public from next year. Currently, school insurance covers accidents inside school and is paid only
Competition high for ‘flying girls’

PeopleOct 16, 2011

Aiming skyward: Glamorous image of cabin crew keeps jobs out of reachThe first hopefuls arrived at Qatar Airways’ latest Seoul recruitment event at 2 a.m.Well before the 9 a.m. start time, lines of immaculately dressed women and the occasional man snaked through the foyer of Seoul’s Grand Hilton hot
Tesco-Homeplus Academy to nurture global retail leaders

IndustryOct 16, 2011

INCHEON ― The Tesco-Homeplus Academy will offer the highest standard of retail education programs, Homeplus CEO Lee Seung-han said Friday, celebrating the 100th day of the employee training institute in Korea. Homeplus, the nation’s No. 2 supermarket chain, started in 1999 as a joint venture between