SEJONG -- The growth in consumer prices posted the highest in almost a decade last month with prices of daily necessities such as diesel and agricultural products surging, sparking concerns over its impact on households. Statistics Korea said Thursday that consumer prices climbed 3.7 percent on-year in November, which marked the highest increase since the 4.2 percent growth in December 2011. Consumer prices increased over 3 percent for the second consecutive month, following a 3.2 percent gro

Chipmaker retains CEO Lee Seok-hee, names two presidents to oversee marketing, production

Human connection crucial for work efficiency, says behavioral scientist Jon Levy

South Korean stocks rallied for second straight session Thursday on the back of strong foreign buying. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) increased 45.55 points, or 1.57 percent, to close at 2,945.27 points. Trading volume was moderate at about 523 million shares worth some 11.8 trillion won ($10 billion), with gainers outnumbering losers 756 to 139. Foreigners bought a net 886 billion won, while retail investors sold 915 billion

After 15 years of trying, Gallery Hyundai has finally made it to the prestigious Art Basel, where it is presenting works by Korea’s prominent experimental artists who emerged in the late 1960s, including Lee Seung-taek, Quac In-sik, Park Hyun-ki and Lee Kun-yong. Art Basel Miami Beach kicked off Monday (US time) with 253 of the world’s leading galleries from 36 countries showcasing works by some 4,000 artists. The art fair, which is being held in person, used to draw nearly a

From BTS, professors to Korea Herald reporters, new mutation is ruining December

Korea’s three-month plan for exiting pandemic restrictions is being threatened by a record surge in infections and the likely community spread of the omicron variant. On Thursday, Korea’s new cases reach a new record high of 5,266 -- topping 5,000 for the second day in a row -- while intensive care beds for COVID-19 patients at Seoul hospitals were more than 90 percent full. For the past month since the country abandoned the majority of its mitigation efforts in line with a new

Is Korea ready for the second wave of supply chain crisis?

Lee Jun-seok says he is not ‘boycotting’ duty because he was never given one

South Korean cultural icons including Oscar-winning actor Youn Yuh-jung, top comedian Yoo Jae-suk and K-pop bands BTS and aespa were among the six winners recognized at the 2021 Visionary Awards on Wednesday. The second edition of the annual awards, presented by South Korean media and entertainment giant CJ ENM, recognizes individuals who created new trends in the entertainment business and contributed to the spread of Korean Wave. The six winners -- Youn, Yoo, BTS, aespa, “Squid Game&r

Time running too short to untangle complicated interests of all parties

Science Ministry to provide AI, software learning programs to enlisted soldiers starting next year

North Korea will hold a key party meeting later this month as leader Kim Jong-un is set to mark 10 years in office, North Korean media said Thursday, with growing speculation that Pyongyang could unveil its policy toward Washington and Seoul for the next year.  The decision to hold a plenary session was made during a politburo meeting of the ruling Workers’ Party of Korea held on Wednesday, presided by leader Kim, according to the Korea Central News Agency. 　 The 4th plenary meetin