The Korea Herald

Greece faces auditors’ verdict

World BusinessSept 29, 2011

ATHENS (AFP) ― International auditors headed for Greece and Germany’s parliament prepared for a crucial vote on boosting the eurozone rescue fund Thursday, but discord over the debt crisis unnerved global markets.Greece’s global creditors announced their auditors would return to Athens, four weeks a
Hallyu and shopping has tourists spending in Seoul

Social affairsSept 29, 2011

A survey showed that the average tourist spends roughly $2,000 in Seoul over five days, with hallyu quickly becoming the No. 1 reason to visit, capital officials said Thursday.According Seoul Metropolitan Government, 90 percent of the tourists surveyed chose to visit Seoul during their stay, with 83
‘Seoul announced Iraq oil deal prematurely’

Foreign affairsSept 29, 2011

The 2009 announcement by the South Korean presidential office of an oil field development project in Iraq was made prematurely and inaccurately, diplomatic cables by WikiLeaks suggested Thursday. On Feb. 26, 2009, the office of President Lee Myung-bak announced leaders of South Korea and Iraq signed
U.S. regrets soldier’s alleged rape of Korean woman

Foreign affairsSept 29, 2011

WASHINGTON (Yonhap News) -- The U.S. government on Wednesday vowed full cooperation in the investigation into an alleged rape by an American soldier of a young Korean woman near a military base north of Seoul, according to the South Korean Embassy in Washington.Assistant Secretary of State for East
Gangnam to hold fashion festival

Social affairsSept 29, 2011

Pop singer Rain to top 9-day event with finale performanceGangnam will turn into a fashion mecca for nine days from Oct. 1. The fifth fashion festival will take place in three of the affluent district’s chicest areas ― Samseong-dong COEX Mall, Apgujeong-dong and Cheongdam-dong. Started in
Sounds for the soul

Expat LivingSept 29, 2011

German musician finds inspiration in Korea’s history, culture and spiritualityThe blare of delivery trucks’ loudspeakers, the tinny resonance of a bow struck against a metal lunchbox, the frenzy of yapping dogs ― these are some of the Korean sounds woven into music in Seoul Milk.Produced by multi-in
Mexican film wins highest honor at DMZ DOCS

FilmSept 29, 2011

“The Tiniest Place,” a debut feature film by Salvador-born Mexican director Tatiana Huezo, received the highest honor ― the White Goose Prize ― in the DMZ Korean International Documentary Festival’s international competition. The third edition of the peace-themed film bash ended on Wednesday.Taking
Air Asia X slashes fares as it seeks expansion in Korea

IndustrySept 29, 2011

Air Asia X, a Malaysian long-haul low cost carrier, is offering flights to Kuala Lumpur for as little as 100,000 won ($85) as part of its drive to expand its presence in the Korean market.According to the company’s CEO Azran Osman-Rani the limited time offer, which ends on Oct. 4, is only a small pa
Gmarket rewards merchants for making overseas sales

IndustrySept 29, 2011

Gmarket, the nation’s No. 1 online marketplace, said Thursday that it will offer incentives to users who offer better services for overseas customers. According to the company, online cash will be given to the sellers who best promote their products in English until the end of October. Depending on
3 honored for bringing royal books from France

Foreign affairsSept 29, 2011

Three people who contributed to bringing home royal Korean books that were looted by France in the 19th century were honored by the government on Thursday. Lee Tae-jin, president of the National Institute of Korean History, Lee Sung-mi, honorary professor at the Academy of Korean Studies, and Yoo Bo
Income gap between firms, household widens faster

Sept 29, 2011

The income growth rate of Korean corporations jumped rapidly last year, widening the gap with the growth trend of household income, the Bank of Korea data showed on Thursday.The total income of firms here was tallied at 280.6 trillion won ($240 billion) in 2010, up 18.3 percent from a year earlier.
Korean Air awarded for top first class cabin

IndustrySept 29, 2011

Korean Air received the top award for its first class seats, the carrier announced Thursday. The airline said it was awarded the Asia’s Leading Airline First Class award at the World Travel Awards Asia and Australia in Bangkok on Wednesday. This is the second consecutive year Korean Air has been sel
Swiss, Nissan research car that reads the driver's thoughts

TransportSept 29, 2011

GENEVA (AFP) - In the future, thinking about turning left may no longer be just a thought. Japanese auto giant Nissan and a Swiss university are developing cars that scan the driver's thoughts and prepares the vehicle for the next move."The idea is to blend driver and vehicle intelligence together i
Speedskating: Korean coach faces US hearing: report

More sportsSept 29, 2011

WASHINGTON (AFP) - A South Korean speedskating coach based in suburban Washington faces a hearing on allegations of physical abuse even as he is set to return to his homeland, the Washington Post reported Wednesday.US Speedskating attorney Stephen Smith told the newspaper that a seven-month probe in
US man planned to blow up Pentagon

World NewsSept 29, 2011

BOSTON (AP) -- A man was arrested Wednesday and accused of plotting an assault on the Pentagon and U.S. Capitol using remote-controlled aircraft armed with explosives _ the latest of several terrorism cases to spring from federal sting operations.A police car sits in the driveway of