The Korea Herald

Popularity of mistresses increases in China amid economic boom

World NewsAug 11, 2011

The increasing popularity of “ernai,” or mistresses among wealthy men is emerging as a problem in Chinese society, the New York Times reported on Wednesday.Amid the rapid development of the country’s economy, large numbers of those fortunate enough to enjoy the prosperity are having affairs with mis
Man arrested for rape of pregnant woman

Social affairsAug 11, 2011

A man in his 30s was arrested for two sexual assaults, involving violence and theft, including one against a pregnant woman, according to Incheon Nambu Police Station.The offender, whose name has not been released, allegedly broke into a pregnant woman’s home on July 23 and threatened her with a wea
U.S. stock futures advance after profit reports beat estimates

Aug 11, 2011

U.S. equity-index futures gained, signaling stocks may rebound from near the lowest levels in about a year, after companies from Cisco Systems Inc. to News Corp. reported better-than-estimated earnings.Cisco, the world’s largest maker of networking equipment, exceeded analyst’s profit estimates afte
N.K. claims artillery fire was construction work

DefenseAug 11, 2011

S. Korea says no need to respond to ‘hackneyed’ claimsSouth Korea’s military on Thursday flatly rejected North Korea’s claim that the South mistook construction work blasting for coastal artillery near their tense maritime border the day before.North Korea accused the South of making up a story to w
Forget family feuds -- Gwangju in-laws team up for theft

PodcastAug 11, 2011

Mothers of a husband and wife don’t typically get along, but two in Gwangju appear thick as thieves after they were arrested for theft.The surnamed Baek and Ahn are accused of stealing money and valuables from a clothing shop while pretending to be customers on Aug. 11. They are also suspected
More than half of workers had financial problem with colleagues

IndustryAug 11, 2011

(MCT)More than half of Korean workers were not paid back money they lent to colleagues, a poll showed on Thursday.According to Recruit, a local online job search engine, about 87.2 percent of the 532 respondents said that they had lent money to colleagues.But about 57.2 percent replied that they had
S. Korea ranks 7th among OECD nations in environmental R&D spending

IndustryAug 11, 2011

The rate of environmental research in South Korea's total government budget for research and development activities was 3.31 percent in 2009, the seventh highest among the Organization for Economic Cooperation and Development (OECD) countries, an OECD report showed Thursday.The ratio was also higher
BOK freezes key rate despite inflation risks

Aug 11, 2011

Central bank projects headwinds from debt woes in U.S. and Europe South Korea’s central bank on Thursday kept the key interest rate steady at 3.25 percent for the second month in a row, as global financial market turmoil sparked by the U.S. credit rating downgrade and Europe’s debt woes outweig
iPads trump oil: Apple is most valuable US company

IndustryAug 11, 2011

NEW YORK (AP) -- It doesn't take a visit to the Genius Bar to figure out how Apple became the most valuable company in America.Its lineup of sleek phones, computers and iPods, irresistible to customers even in tough economic times, propelled it to the No. 1 position by market value Wednesday, surpas
Meteorites carried life‘s building blocks to Earth: study

ScienceAug 11, 2011

A new analysis of carbon meteorites suggests that they likely carried some of the building blocks needed for DNA to the Earth, according to a NASA-funded study published on Monday. Meteorites contain a large variety of nucleobases, an essential building block of DNA. (NASA's Goddard Space Flight Cen
NKorea disputes SKorea's artillery claim

North KoreaAug 11, 2011

SEOUL, South Korea (AP) _ North Korea says South Korea mistook ``normal blasting'' from a construction project for artillery shelling when it accused Pyongyang of opening fire near the rivals' disputed maritime line in the Yellow Sea.North Korea said Thursday the South was simply frightened by noise
Stocks tank on European bank, US economy fears

Aug 11, 2011

Trader Peter Tuchman works on the floor of the New York Stock Exchange Wednesday. (AP-Yonhap News)LONDON (AP) -- Concerns over the financial health of Europe's banks and the state of the U.S. economy sent stocks sharply lower Wednesday, a day after the Federal Reserve's pledge to keep extremely low
Stocks in U.S., Europe slide as Treasuries rally

Aug 10, 2011

U.S. stocks tumbled, erasing more than half of yesterday’s rally, while European shares slid and Treasuries rose for a third day amid concern the economic recovery is faltering and the debt crisis is spreading to France. The euro weakened against 11 of 16 major peers, dropping 1.1 percent to $1.4220
Japan beats Korea 3-0

SoccerAug 10, 2011

South Korea was beaten by Japan 3-0 in a friendly soccer match on Wednesday, recording the first game of its kind in the past 37 years. Korean soccer team (Yonhap News)At the friendly international held in Sapporo Dome, midfielder Kagawa Shinji scored the first point for Japan with a sharp righ
Market rebounds on U.S. Fed pledge

Aug 10, 2011

Lee urges close cooperation with foreign governmentsSeoul stocks rebounded in wobbly steps and advanced a tiny 0.27 percent to close at 1,806.24 Wednesday, tracking overnight recoveries in the U.S. and Europe on the Federal Reserve’s pledge to keep money flow cheap for the next two years.The benchma