The Korea Herald

Shorthanded Korea readies for Japan

SoccerAug 8, 2011

With Lee Chung-yong sidelined, Cho looks for young guns to step upSometimes South Korea and Japan go for a couple of years without meeting on the soccer field but for spells, the two neighbors are rarely apart. The current crop of players are becoming more familiar with each other all the time as We
ECB pledge gets Spain, Italy rates down

World BusinessAug 8, 2011

BRUSSELS (AP) -- The borrowing costs of both Spain and Italy dropped sharply in early trading Monday after the European Central Bank signaled it would intervene in the markets to keep the two countries' bond prices supported.The yield on Italy's 10-year bonds was down 0.44 percentage points to 5.56
Asian stock markets sink after US credit downgrade

Aug 8, 2011

BANGKOK (AP) -- Asian stocks nose-dived Monday as the first-ever downgrade of the U.S. government's credit rating jolted the global financial system, reinforcing fears that the world economy is weakening.Oil prices extended recent sharp losses, trading below $84 a barrel on expectations that weaker
Typhoon Muifa batters nation

NationalAug 8, 2011

A sailor is about to jump from a barge to safety with the help of resucers along the rocky coast of a southern island of Jeju after the ship was set loose from a dock by strong winds and tidal waves form Typhoon Muifa (Yonhap News) Typhoon Muifa shatters an abalone farm in South Korea's southern isl
Attempted murder suspect caught running hagwon

Social affairsAug 8, 2011

A Korean-American wanted for two counts of attempted homicide in the United States was captured in Seoul after running an English-language academy under a false identity.According to the Seoul Metropolitan Police Agency on Monday, the 33-year-old fugitive, identified by his surname Kim, has been wan
S. Korea protests U.S. agency's name for East Sea

InternationalAug 8, 2011

South Korea has lodged an informal protest against a U.S. government-funded agency's decision to use Japan's name for the body of water between Seoul and Tokyo, a diplomatic source said Monday.Seoul and Tokyo have tussled for decades over the name of the sea between the Korean Peninsula and Japan. S
Rain wins suit over unpaid drama fee

TelevisionAug 8, 2011

Rain (The Korea Herald)A Seoul court has ordered a TV drama production company to give unpaid appearance fees to Korean singer and actor Rain, court officials said on Monday.The Seoul Central District Court ruled in favor of JYP Entertainment, Rain's management agency, in a lawsuit against the local
Typhoon spreads chaos through the nation

Social affairsAug 8, 2011

Typhoon Muifa left much of the west coast in ruins, with extreme winds and more torrential rains taking four lives as it made its way north, said the state’s weather agency.(Yonhap News)According to the Korea Meteorological Administration on Monday afternoon, the downgraded typhoon was heading
Linked Seoul runs Wednesday wine event

Expat LivingAug 8, 2011

Linked Seoul is running its monthly Wine Down Wednesday this week. The networking event will take place at Italian restaurant StaSera at Dosan Park in Sinsa-dong, Seoul, from 7-10 p.m.The cost is 45,000 won on the door and includes food and drinks.There will be a draw for prizes including dining cer
Seoul shares tumble on U.S. debt rate cut

Aug 8, 2011

Seoul shares tumbled to its lowest in almost two years on its first trading day since the historic cut of the U.S. credit rating Saturday, underperforming regional peers in Asia at the increased sovereign risk of the world’s most powerful economy. (Yonhap News)The benchmark KOSPI lost 3.82 per
US downgrade 'sounds alarm bell': China state media

Aug 8, 2011

BEIJING (AFP) -- Standard & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspaper said Sunday, adding that Asian exporters faced special risks.Citing economist Sun Lijian, the People's Daily said Standard & Poor's Friday cut to the US' credit rating
Three killed in Malaysia landslide: report

Aug 8, 2011

KUALA LUMPUR (AFP) -- Three women were killed and three more people feared still buried under debris Monday by a landslide near Malaysia‘s Cameron Highlands tourist spot, the official Bernama news agency said.The landslide late Sunday afternoon buried several houses in a village in the region, which
Police: 8 shot to death in Ohio, including child

World NewsAug 8, 2011

COPLEY, Ohio (AP) -- A family argument Sunday in Ohio ended in the shooting deaths of eight people in two places, including an 11-year-old, and two more people were wounded, authorities said Sunday.Members of the Akron Police Department talk to an unidentified woman who claimed to be a relativ
Applications open for BFIA Korean classes

Expat LivingAug 8, 2011

Applications are open for the next semester of Korean classes run by the Busan Foundation for International Activities.The course, which uses Yonsei University textbooks, runs from Aug. 16 to Oct. 14.Five levels of tuition are available. Classes are twice a week, with daytime and evening timeslots.
Savings banks to suffer additional losses from sour PF loans

Aug 8, 2011

South Korean savings banks are expected to suffer additional losses of around 3 trillion won ($2.8 billion) from soured project financing (PF) loans, a report showed Monday.The local savings bank industry has to additionally set aside reserves totaling 2.98 trillion won in a bid to cover its bad PF