The Korea Herald

SLS chief presents evidence of presidential aide graft

Social affairsOct 3, 2011

SLS Chairman Lee Kook-chul talks to reporters before entering the Seoul Central Prosecutors’ Office in southern Seoul Monday. (Park Hyun-koo/The Korea Herald)SLS Chairman Lee Kook-chul on Monday was summoned to the Seoul Central Prosecutors’ Office to explain his allegations that he offered 1 billio
Number of mentally ill criminals to hit 2,000 this year

PodcastOct 3, 2011

The number of mentally ill criminals who have committed felonies such as murder is expected to rise to 2,000 this year, said a government report released on Monday. According to the report by the National Police Agency, there are 1,879 mentally ill criminals, causing worry as their tendency to becom
Lee calls on Koreans to have confidence in economy

PoliticsOct 3, 2011

President Lee Myung-bak on Monday urged Koreans to have confidence in the country’s economy, pointing to reassuring data such as foreign reserves of over $300 billion, a relatively low state deficit and this year’s estimated trade volume of $1 trillion.“I can assure you that the Korean economy is st
Firms struggle with shrinking cash reserves

Oct 3, 2011

Local lenders tighten loans, hurting smaller companiesCash flow is slowing at a growing number of Korean firms, both big and small, sending a fresh warning signal to policymakers faced with greater economic uncertainties at home and abroad. Industry data from the Korea Listed Companies Association,
Cover Dance Festival brings together K-pop stars and fans

TheaterOct 3, 2011

A total of 16 teams participated in the final round of the 2011 K-pop Cover Dance Festival on Monday at the Gyeongju Gymnasium in Gyeongju, North Gyeongsang Province. The winning team had the honor of joining K-pop stars on stage at the Korean Wave Dream Concert, which was held on the same day. Popu
Tokyo rejects Seoul’s proposal on sex slaves

Foreign affairsOct 3, 2011

The issue of Japan’s sexual enslavement of Korean women during World War II has been wholly settled, a senior Tokyo official said Monday, restating his government’s rejection of Seoul’s proposal for new talks on the matter. It is an unchanged position of Japan that the issue has been settled under a
Global slowdown, weak earnings dog economy

IndustryOct 3, 2011

Weak demand from overseas and continued stock exodus to bring current account down furtherAn increasingly worse outlook for Korea’s major trading partners is throwing more doubt on the debt and inflation-saddled economy.Analysts expect the current account surplus to continue shrinking as demand drop
Korea’s CDS premium jumps in Sept.

Oct 3, 2011

The cost of insuring South Korea’s sovereign debt against default spiked more than 90 basis points in September from a month earlier amid the European debt crisis, data showed Sunday.According to the data by the Korea Center for International Finance, the credit default swap (CDS) premium on South K
Seoul to inject $1.1b into resources development

Oct 3, 2011

South Korea plans to increase its spending on the development and purchase of overseas mines by nearly 10 percent next year to significantly boost its energy self sufficiency, the government said.According to the Ministry of Knowledge Economy, the government is requesting 1.31 trillion won ($1.1 bil
GNP’s Na focuses on neglected districts

PoliticsOct 3, 2011

By Bae Hyun-jungWhile the liberal bloc gathered to select a unified mayoral candidate on Monday, Rep. Na Kyung-won of the ruling Grand National Party focused on communicating directly with voters and promoting her policy blueprints.She pledged efforts to bridge the economic and cultural gap between
Anger flares at Kenya kidnapping response

World NewsOct 3, 2011
Al-Qaida deaths hurt attack plans: Panetta

World NewsOct 3, 2011

ON BOARD A MILITARY AIRCRAFT (AP) ― Defense Secretary Leon Panetta said Monday that the deaths of several top al-Qaida leaders in Pakistan and Yemen in recent months will make it much more difficult for the terror group and its affiliates to plan and launch large-scale attacks abroad, including agai
Nigeria shies on Palestinian U.N. bid

World NewsOct 3, 2011

LAGOS, Nigeria (AP) ― Nigeria is refusing to say how it will vote when the United Nations Security Council decides on the Palestinians’ request for U.N. membership, as increasing diplomatic pressure mounts on the oil-rich West African nation.Nigeria appears to be a crucial vote as Palestinians try t
Scientists say Arctic has record ozone loss

World NewsOct 3, 2011

PARIS (AFP) ― An ozone hole five times the size of California opened over the Arctic this spring, matching ozone loss over Antarctica for the first time on record, scientists said Sunday.Formed by a deep chill over the North Pole, the unprecedented hole at one point shifted over eastern Europe, Russ
Wall Street protesters: We're in for the long haul

World NewsOct 3, 2011

NEW YORK (AP) -- The protesters who have been camping out in Manhattan's Financial District for more than two weeks eat donated food and keep their laptops running with a portable gas-powered generator. They have a newspaper _ the Occupied Wall Street Journal _ and a makeshift hospital. Police make