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[Howard Davies] Global banking rules finished?
11 injured in 53-car pileup on icy road in Wonju
FM Cho says he takes 'full responsibility' for Sado mine memorial dispute
SK hynix to increase dividend payouts by 25% per share by 2027
Lotte Group to provide Lotte World Tower as collateral for Lotte Chemical amid liquidity woes
Seoul Metro conductor's toilet break delays 125 trains
Yoon receives Ukrainian special envoy; Seoul silent on possibility of weapons aid
Presidential office worries over impact of Trump's proposed tariffs on Korean firms in Canada, Mexico
Korea's birthrate shows signs of recovery
Yonsei University to hold additional essay test amid question leak controversy
[Global Finance Awards] Viva Republica transforms financial ecosystem
Seoul blanketed by heaviest Nov. snow, with more expected
[Global Finance Awards] Hanhwa Life secures bigger footing in overseas markets
From candy to CPR, police step up to save citizens in need
Ador calls for Belift Lab’s ‘sincerity’ in Hanni workplace harassment case
Youth groups remember the Korean War
[Global Finance Awards] Mirae Asset Securities within reach of global top-tier ambition
[Global Finance Awards] Kakao Bank bolsters SE Asia foray with Superbank partnership
[Global Finance Awards] Mirae Asset bolsters global presence with W370tr under management
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First lady likely to refuse to testify before Assembly committee
Politics
Jul 15, 2024
South Korea's first lady Kim Keon Hee is likely to refuse to testify before the opposition-controlled Legislation and Judiciary Committee of the National Assembly as they plan to hold a parliamentary hearing to seek an impeachment motion against President Yoon Suk Yeol. This will be in line with the presidential office's move to decline to receive the committee's written request urging five presidential secretaries to attend the first round of hearings scheduled on Friday. A senio
Driver negligence caused deadly car crash: forensics
Social affairs
Jul 15, 2024
The National Forensic Service has concluded in its analysis of the tragic wrong-way accident near City Hall Station in Seoul that the cause of the accident was driver error, the head of Seoul police told reporters Monday. The forensics report counters the claim by the 68-year-old driver, identified by his surname Cha, that the accident was caused by sudden unintended acceleration. He told investigators that the brakes were not working at the time of the accident. The car stopped after hitting pe
Tunisian wins right to refugee status screening on grounds of domestic violence
Social affairs
Jul 15, 2024
A Tunisian national recently won a court order to have the South Korean immigration authorities deliberate on granting her refugee status, the Incheon District Court said Monday. The court recently ruled in favor of the plaintiff in an administrative lawsuit she filed last year against the Korea Immigration Service, saying its decision to deny her from being screened for refugee status in December was unlawful. She had requested refugee status on the grounds that she would be subject to severe a
Business closures near 1 million last year, highest since 2006
Social affairs
Jul 15, 2024
The number of business owners who filed for business closure approached 1 million last year, the highest number since related data began to be compiled in 2006. Business closures stood at about 986,400 in 2023, a near 14 percent increase from the previous year’s 867,200, shows data from the National Tax Service. The tally hovered around 800,000 between 2020 and 2022, before surging last year. The most common reason cited for closures was poor business performance, accounting for about 48
63 winners share jackpot in S. Korean Lotto, most ever
Social affairs
Jul 15, 2024
A total of 63 people won the jackpot in last week's South Korean Lotto, the highest-ever number of winners in its history, according to Lotto’s operators Donghaeng Lottery. But the large number of winners means they will each receive the second-lowest jackpot winnings ever. The 63 winners will each take home 419.9 million won ($300,000), which is the second-lowest amount on record behind 400.09 million won in 2013. The previous record number of winners was 50 in the 1,019th Lott
[Bills in Focus] High-tech industries support, proactive supply chain measures
Politics
Jul 15, 2024
Proposed Bill: Partial Amendment to the Act on Special Measures for Strengthening the Competitiveness of, and Protecting National High-tech Strategic Industries Proposed by Rep. Lee Sang-sik (Democratic Party of Korea) ● The current Act designates key technologies and industries as national high-tech strategic technologies and promotes investment through specialized complexes with government subsidies. However, unlike countries like the US, China, and Taiwan, which fully subsidize industrial in
Civic group files complaint against Yoon for vetoing special probe bill
Social affairs
Jul 15, 2024
A civic group filed a complaint Monday against President Yoon Suk Yeol for vetoing a bill mandating a special counsel investigation into the military's response to a Marine's death. The civic group, known as the "National Action for Judicial Justice," filed the complaint with the Corruption Investigation Office for High-ranking Officials, accusing Yoon of abusing his power to block the appointment of a special counsel to look into allegations the presidential office and the d
[Herald Interview] Korea- Africa Summit sets pathway for future together: Tanzanian President
Foreign affairs
Jul 15, 2024
Tanzania's 1st female president urges cooperation for green growth, women's health, Korean investment
First lady ordered return of luxury bag on same day she received it, aide claims
Social affairs
Jul 15, 2024
A close aide to first lady Kim Keon Hee has claimed that Kim ordered the return of a Dior bag she received as a gift from a pastor on the same day it was given, sources said Monday. Kim's aide, surnamed Yoo, made the statement during questioning at the Seoul Central District Prosecutors Office in early July as part of the ongoing investigation into the luxury bag scandal, according to the legal sources. The scandal centers on allegations that Kim illegally received a Dior handbag worth abou
US Indo-Pacific commander says S. Korea's acquisition of nuclear submarines could be considered in future: Yoon's office
Defense
Jul 14, 2024
The chief of the US Indo-Pacific Command has said the introduction of nuclear-powered submarines in South Korea could be considered in the future depending on its operational analysis, the presidential office said Sunday. "From the standpoint of submarine warfare, I think it's important as allies and partners to find the most efficient and effective ways to combine our capabilities in ways that most effectively defend our alliances and partnerships," Commander Adm. Samuel Paparo s
N. Korean leader's powerful sister slams anti-Kim leaflets
North Korea
Jul 14, 2024
The powerful sister of North Korean leader Kim Jong-un slammed South Korean "scum" on Sunday for launching anti-regime propaganda leaflets across the border via balloon, warning they would pay "a very high price." The Korean peninsula has seen tit-for-tat balloon campaigns in recent weeks, with Pyongyang floating trash-filled balloons southward in protest of ones carrying propaganda leaflets sent northward by South Korean activists. Kim Yo-jong, a key regime spokesperson, sai
[Online Predators] Distorted awareness, weak law: How digital sex crimes thrive in S. Korea
Social affairs
Jul 14, 2024
Dark web crimes surge with technological progress amid weak legal tools and public awareness, experts say
Illegal sales of fentanyl surge in South Korea
Social affairs
Jul 14, 2024
Illegal sales of fentanyl, a potent and highly addictive opioid, have increased significantly in South Korea, raising concerns among authorities and the public alike. Data obtained by Rep. Kim Yoon of the Democratic Party reveals that there were 202 online cases of illegal fentanyl sales detected by June 27 this year. This figure is 3.2 times higher than the 62 cases reported throughout the entire previous year. Fentanyl, while used medically as a powerful painkiller, is highly addictive even in
Yoon 'appalled' over Trump shooting
Politics
Jul 14, 2024
South Korea President Yoon Suk Yeol on Sunday expressed best wishes to former US President Donald Trump, denouncing the shooting attack during his presidential election campaign rally in Pennsylvania that left him wounded Saturday. "I am appalled by the hideous act of political violence," Yoon noted on his X account. "I wish former President Trump a speedy recovery. The people of Korea stand in solidarity with the people of America." Yoon's spokesperson Kim Soo-kyung sai
Seoul to remove outdated subway wheelchair lifts
Social affairs
Jul 14, 2024
Wheelchair lifts, also known as platform lifts will be removed in subway stations across Seoul after some 30 years since their implementation over continuously raised safety issues. Seoul Metro, an operator of the city's subway service from Line Nos. 1 to 8, said Sunday it will demolish lifts, once thought as a mobility support for the physically impaired, issuing a tender notice for the removal of 23 wheelchair lifts in 17 subway stations, including Seoul Station, Sinseoldong Station, Yong
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