The Korea Herald

U.S. loses contact with hypersonic glider

World NewsAug 12, 2011

LOS ANGELES (AP) ― An unmanned hypersonic glider developed for U.S. defense research into super-fast global strike capability was launched atop a rocket early Thursday but contact was lost after the experimental craft began flying on its own, the Defense Advanced Research Projects Agency said.The pr
No quick exit for eurozone from debt crisis

World BusinessAug 12, 2011

FRANKFURT, Germany (AP) ― Twenty-one months after Greece triggered financial and political turmoil by admitting it was broke, the eurozone still can’t fix its debt crisis.The reasons: intractable disputes over who will ultimately pay the costs of saving it, and the still-unadressed vulnerability tha
All options on table to halt franc rise: Swiss central bank

World BusinessAug 12, 2011

ZURICH (AFP) ― The Swiss National Bank said on Thursday that it was keeping open all options to bring down the “massively” overvalued safe-haven franc, including pegging it to the euro as well as imposing a negative interest rate.In separate interviews published in the Swiss national press, top Swis
Chinese bullet train maker orders recall

World BusinessAug 12, 2011

BEIJING (AP) ― A Chinese bullet train manufacturer announced a recall Friday of 54 trains in the latest embarrassment for a problem-plagued prestige project following a July crash that killed 40 people.The recall adds to growing signs official attitudes toward the bullet train are shifting and Beiji
[Jonathan Weil] Where is the money to save banks?

ViewpointsAug 12, 2011

Forget free-market fundamentals. What matters most to the capital markets now is whether the governments of the U.S. and western Europe have the will and the wherewithal to save the global financial system from disaster yet again. A healthy climate for the efficient allocation of capital, this
[Zhang Jie and Zhong Feiteng] The Asia-Pacific region poses multiple challenges

ViewpointsAug 12, 2011

Defence communications between China and Japan were interrupted and bilateral ties became tense after a Chinese trawler collided with Japan Coast Guard ships in September last year near Diaoyu Islands. Despite the untoward development, China responded sympathetically, both at the government and nong
[Editorial] R&D in services

EditorialAug 12, 2011

The government has announced a set of measures to stimulate R&D investment in services as part of its continuing drive to advance the underdeveloped service sector. The package proposed, among other things, to provide tax credits to service companies for their spending on R&D and draw up a mid- to l
[Editorial] Uphill battle for BOK

EditorialAug 12, 2011

Despite mounting concerns about rising inflation, the Bank of Korea has frozen its policy rate for August. The bank’s decision was expected, given the rapid deterioration in the global economic outlook due to rekindled worries about the U.S. economy and a deepening debt crisis in the eurozone.But th
Be active, artistic and smart

CultureAug 12, 2011

Interactive exhibitions offer special summer experience for kidsAmong many summer events for kids this year, interactive exhibitions are one special way for children to have fun indoors while avoiding the sun. From sports to arts and crafts to educational shows, these exhibitions require young visit
Dance

MusicAug 12, 2011

“New Concept Performing Arts Festival”: Hanguk Performing Arts Center will be staging 12 performances from Aug. 19 to Oct. 2 at Arko Arts Theater and Daehangno Arts Theater in Hyehwa-dong, central Seoul. Under the slogan “Make the Difference,” the festival aims to showcase experimental and original
Theater

TheaterAug 12, 2011

“Temptation of Wolf”: Based on Guiyeoni’s 2004 novel of the same title, the musical “Temptation of Wolf” spiced up the story about high school students’ love and friendship with today’s hit songs by top idol groups like Girls’ Generation, TVXQ, SHINee, and also ‘90s K-pop groups like S.E.S. and GOD.
Pop Music

MusicAug 12, 2011

“Lee Seung-hwan, The Regrets”: Pop and rock singer-songwriter Lee Seung-hwan will hold solo concert ”The Regrets” on Sept. 18 at Olympic Park’s Subyeon outdoor stage. The 46-year-old has released more than 10 different studio albums and extended plays since his debut in 1996. in He will be collabora
Festivals

MusicAug 12, 2011

“The 14th Bucheon International Comics Festival”: The 14th Bucheon International Comics Festival will take place from Aug. 17 to Aug. 21 in Bucheon, Gyeonggi Province. Established in 1998, the festival has been aiming to discover and support new talents in the Korean cartoon industry. This year, the
Classical Music

TheaterAug 12, 2011

“Hyundai Capital Invitational Jo Su-mi Park Concert”: Hyundai Capital is to hold an Invitational Jo Su-mi Park Concert on Sept. 24 at 7 p.m. at an outdoor stage of the Olympic Park’s 88 Jandi Madang. Since 2007, the financial company has been holding its Invitational performance series. Last year, B
Exhibitions

TheaterAug 12, 2011

“Artist of the Year”: National Museum of Contemporary Art in Gwacheon, Gyeonggi Province, is showcasing representative works by the 23 winners of its “Artists of the Year” program which started in 1995 to reward South Korean artists who are active in their field. About 150 representative paintings,