The Korea Herald

Savings banks to tap public funds soon

Sept 20, 2011

Suspended banks are expected to be auctioned off in the coming monthsFinancial regulators will inject taxpayers’ money, projected at about 500 billion won ($454 million), into the distressed savings banking sector by the end of this year.Under the policy of the Financial Services Commission, the Kor
Design helps cities gain more environmental sustainability

IndustrySept 20, 2011

Following is the third in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed.Richard Register is an American specialist in ecological city design and planning who created the term “ecocity” in the late 1
Hyundai Group to enter telecom market

IndustrySept 20, 2011

Conglomerate mulls joining consortium formed by SME associationHyundai Group is poised to once again try its hand in the information and communication industry, as the company was found to have decided to participate in a consortium seeking to set up a telecom service provider. Hyundai is considerin
Are Netflix’s best days over?

World BusinessSept 20, 2011

NEW YORK (AP) ― Netflix is trying to boost business by chopping its services into two separate parts. Unfortunately for investors, the company’s stock price is what’s really been cleaved.The company that once seemed like it could do no wrong has seen its stock lose half its value in the last two mon
Yeom named new Google Korea chief

PeopleSept 20, 2011

Yeom Dong-hoonGoogle Korea senior executive Yeom Dong-hoon was named as the company’s chief executive officer, company officials said on Monday.Yeom, who is a Massachusetts Institute of Technology graduate, will be in overall charge of Google Korea’s business and operation field, according to offici
Korean to lead Ethiopian university

HealthSept 20, 2011

A retired professor of Seoul National University has been appointed president of Adama Science and Technology University in Ethiopia, making him the first South Korean university president in Africa. Lee Jang-gyu, 65, former professor of electrical engineering, is expected to begin his five-year ter
Pastor Lee candidate to succeed late Rev. Ha at Onnuri Church

PeopleSept 20, 2011

Pastor Lee Jae-hoon of Onnuri Church in Yangjae-dong in southern Seoul is now the final candidate to succeed the late Rev. Ha Yong-jo, founder of the mega church who died from cerebral hemorrhage in August. Onnuri Church has nine branch churches across the nation, four prayer buildings and 25 “visio
Cho accused of embezzling money from Yoido church

PeopleSept 20, 2011

Pastor Cho Yong-gi of the Yoido Full Gospel Church has been charged with embezzling money from the church.Twenty-nine elders of Korea’s biggest church filed a charge on Monday with the Seoul Central Prosecutors’ Office against their senior pastor Cho and his son Hee-jun, former chairman of daily new
Frugal woman donates W5b to KAIST

PeopleSept 20, 2011

Kim Sam-yeol, wife of nature garden Seo Jeon Park president and philanthropist Kim Byung-ho, has donated 5 billion won ($4.3 million) in property to the Korea Advanced Institute of Science and Technology Monday. Kim followed the steps of her husband, who gave the school 30 billion won ($26 million)
[Editorial] Mutual flexibility

EditorialSept 20, 2011

North Korea’s party and state media these days are churning out “commentaries” that call for a thaw in relations between the two Koreas. The wording is so earnest and enthusiastic that one cannot but wonder that some tectonic changes might be taking place in the North, at least in the editorial depa
Move ahead on pipeline from Canada

ViewpointsSept 20, 2011

It’s a boom time in the Canadian province of Alberta, where technological advances and sky-high commodity prices have turned the region’s oil sands into a sticky, tarry gold mine.Here’s a safe prediction: The United States will share in this bounty, one way or another. Canada will ship oil to its la
[Lee Jae-min] Settlement of comfort women issue

ViewpointsSept 20, 2011

“Much as we may feel for the plight of the (comfort women), the court of the United States simply is not authorized to hear their case.” That was the final sentence of the judgment of the U.S. Court of Appeals for the D.C. Circuit in Hwang Geum Joo et al. v. Japan issued in June 2005, which was
‘Contagion’ lurks just outside office bathroom

ViewpointsSept 20, 2011

A terrible wave of germaphobia is spreading across the world, and all of it can be blamed on “Contagion,” the new thriller starring Matt Damon. “It really bothers me,” said a victim of the new germaphobia. “You don’t really know what it’s like.”Actually, I do. But it was never this bad, until now, t
[Reza Aslan] Yes to Palestine

ViewpointsSept 20, 2011

Later this month, the Palestinian Authority intends to go before the United Nations to request recognition of an independent Palestinian state. Although there is strong backing for the bid, the United States, in the name of supporting Israel, has stated its willingness to use its Security Council ve
[Kim Seong-kon] Americans learning from Asia

ViewpointsSept 20, 2011

We learn from each other. We learn not only from our parents and teachers, but also from our children and students. As a father, I try to convey my experiences to my children whenever necessary, but at the same time, I often learn from them as well. And as a professor, I not only teach my students w