The Korea Herald

Lagarde chosen to lead IMF; first woman in top job

Jun 29, 2011

French Finance Minister Christine Lagarde poses before giving a television interview, Tuesday June 28, 2011 in Paris, after she has been chosen to lead the International Monetary Fund. She will become the first female managing director of the global lending organization.(AP-Yonhap News)WASHINGTON (AP) _ French Finance Minister Christine Lagarde was chosen Tuesday to lead the International Monetary
China holds Communist Olympics

More sportsJun 29, 2011

To mark the 90th anniversary of the founding of the Communist Party of China, the country has held the Communist Olympics in Qingyang, Gansu Province between June 26 and 28, said the U.K.’s Telegraph newspaper.Each team wore uniforms and performed in a series of dramatic events including grenade chucking, model explosive carrying and "shoulder pole carrying." A race named “Storming the blockhouse”
Monaco palace slams wedding strife 'rumors'

World NewsJun 29, 2011

Prince Albert II of Monaco and his fiancee Charlene Wittstock attend to the St Jean Religious Parade , Thursday, June 23, 2011, in Monaco. Prince Albert II of Monaco and his fiancee Charlene Wittstock of South Africa, will wed on July 1 and 2.(AP-Yonhap News)MONACO, France (AFP) - Monaco's royal palace Tuesday angrily denied media rumours that princess-to-be Charlene Wittstock tried to leave the p
Koreans top in digital literacy: OECD

TechnologyJun 29, 2011

From news reports Young South Koreans learn the best from computers and the Internet according to a survey of 15 year-olds in 19 countries, the Organization for Economic Cooperation and Development said on Monday. The OECD, which groups 34 of the world’s most advanced economies, tested the digital literacy of students in 16 member countries as well as Colombia and the Chinese cities of Hong Kong a
Lady Gaga sued for profiteering from Japan relief campaign

MusicJun 29, 2011

Pop star Lady Gaga has been sued for fraudulently profiteering from the sale of wristbands designed to help the Japanese victims of earthquake and tsunami. 　 U.S. law firm 1-800-LAW-FIRM filed a $5 million class action suit claiming that she broke her promise to donate all the proceeds to the Japanese and overcharged buyers for shipping costs and taxes.The case was filed Friday against the superst
Pope tweets for the first time

TechnologyJun 29, 2011

VATICAN CITY (AP) _ Pope Benedict XVI has tweeted for the first time, announcing the launch of a Vatican news information portal.Benedict's tweet on Tuesday read: ``Dear Friends, I just launched News.va Praised be our Lord Jesus Christ! With my prayers and blessings, Benedictus XVI''.The portal www.news.va for the first time aggregates information from the Vatican's various print, online, radio an
S. Korea to selectively permit investors to visit N. Korea

North KoreaJun 29, 2011

The government will selectively allow South Korean business professionals to visit North Korea for checks on their past investments there, an official said Wednesday, amid a prolonged suspension of trade with the communist state following its deadly attack on a Southern naval ship last year.For business purposes, these individuals will also be allowed to meet their North Korean counterparts in a t
Combative new IMF chief takes on new challenge

World BusinessJun 29, 2011

PARIS (AP) -- Christine Lagarde has traveled tirelessly to save the euro and blazed a trail for women from Chicago to Paris in halls of power long dominated by men.The French finance minister with a broad grin and long stride now faces her toughest job yet: heading the International Monetary Fund. She takes over a post vacated by a man accused of attempting to rape a New York hotel maid just as th
Obama clears hurdle to FTAs with Korea, Colombia, Panama

PoliticsJun 29, 2011

WASHINGTON (Yonhap News) -- U.S. President Barack Obama has reached a deal with congressional Republicans on the terms of the Trade Adjustment Assistance (TAA) program, clearing a major obstacle to the ratification of bilateral trade pacts with Korea, Colombia and Panama, the White House announced Tuesday."As a result of extensive negotiations, we now have an agreement on the underlying terms for
Gen. Thurman urges preparation for N. Korean regime collapse

North KoreaJun 29, 2011

WASHINGTON (Yonhap News)-- The incoming top American military commander in Korea said Tuesday that the United States and Korea should prepare for the possibility of a regime collapse in North Korea.In his Senate Armed Services Committee confirmation hearing, Gen. James Thurman, the nominee to lead 28,000 U.S. forces in Korea, raised doubts over the North's heir apparent, Kim Jong-un, who is said t
N. Korea, Russia call off summit talk plan: sources

North KoreaJun 29, 2011

MOSCOW (Yonhap News) -- North Korea and Russia appear to have canceled their plan to hold talks between their leaders later this week, multiple sources here said Tuesday following a series of media reports of the possibility of a trip to Russia by the North's leader, Kim Jong-il."It's my understanding that a summit between Chairman Kim Jong-il and President Dmitry Mevedev was known to be scheduled
N.K. students get 10 month vacation for economic revitalization

North KoreaJun 29, 2011

North Korean universities are to be closed for the next ten months in order to supply laborers for construction projects.As the next year marks 100th anniversary for the birth of the “eternal leader” Kim Il-sung, the government is striving to restore its economy in order to create a “strong and powerful nation of socialism.”Pyongyang announced that all universities would be closed from June 27, al
Japan could face third ‘lost’ decade: Moody’s

World NewsJun 28, 2011
N. Korean leader will visit Russia this week: reports

North KoreaJun 28, 2011

North Korean leader Kim Jong-il is expected to visit Russia this week for a summit with President Dmitry Medvedev, Japanese news media reported Tuesday, drawing attention to the much-veiled meeting. The two former ally states are putting final touches to the summit slated for Friday in Vladivostok, Tokyo’s Mainichi Shimbun said, quoting multiple intelligence sources in Moscow.Kyodo news service sa
Korea-EU FTA opens doorway to Europe

Jun 28, 2011

South Korea steps closer to completing FTA networkThe Korea-EU Free Trade Agreement is set to take effect on Friday, opening new doors for the country’s economy.The negotiations over the pact, which began in May 2007, came to a close in October 2009 when the agreement was penciled in, and in October 2010 the agreement was formally signed by the leaders of Korea and the EU.The EU approved the deal,