South Korea’s rival parties failed to strike a deal in their last-minute negotiations for forming the next leadership of the legislative branch before the start of this month’s provisional assembly. As the closed-door meeting held Sunday afternoon between floor leaders of the ruling and main opposition parties ended without an agreement, the National Assembly is to remain stalled, further delayi...

Finance Minister Choo Kyung-ho said Sunday that he would help Korean companies sell more goods overseas by offering more loans at a time when Korea’s exports snapped 15 months of double-digit growth in June, stocking recession worries. The trade deficit in January-June this year reached $10.3 billion, the highest level ever recorded in the first six months of a year, despite record-high exports ...

“Broker,” the first Korean-language film project by Japanese auteur Hirokazu Kore-eda, on Sunday won the top award at the 39th Munich International Film Festival. According to the festival organizer, the ARRI award, established in 2008, is given to the filmmakers of the best international film in the CineMasters competition section. An independent three-member jury decides who shall receive the...

Just a few minutes by foot from Barakat Contemporary is Hakgojae Gallery, which hosts the first solo exhibition by documentary photographer Noh Sun-tag in 10 years at the commercial gallery. Titled “Shades of Furs,” the photography series was taken against the light to create the vivid image of the silhouette. Noh is widely known for photographs that show contemporary Korean society, most famous...

The average daily trading volume of retail investors on the main board Kospi in June dropped to its lowest level since February 2020, data from the Korea Exchange showed Sunday. The fall comes as investors are bracing for a growth slowdown from the US Federal Reserve’s rate hikes. The value of shares investors bought and sold in a day on average on the benchmark index reached 4.3 trillion won ($...

WASHINGTON -- Abortion, guns and religion -- a major change in the law in any one of these areas would have made for a fateful Supreme Court term. In its first full term together, the court's conservative majority ruled in all three and issued other significant decisions limiting the government's regulatory powers. And it has signaled no plans to slow down. With former President Donald Trump's ...

The number of international travelers spiked to 1.28 million last month, surging 420 percent on-year, despite surging airfares and insufficient flight schedules, the Transport Ministry said Sunday. This was the first time that the number of monthly international travelers surpassed 1 million since the outbreak of COVID-19. The increase in international travel demand is likely to help the Transp...

South Korea’s Ministry of Health and Welfare is starting a pilot run of sickness benefit program Monday as the country mulls making the welfare scheme a nationwide policy. The ministry announced Sunday that six regions had been selected to act as test beds for the initiative until July 4, 2023. The areas are Seoul’s Jongno-gu; Bucheon, Gyeonggi Province; Cheonan, South Chungcheong Province; Poh...

For hatchback models, which has much shorter body compared to wagons, French carmaker Peugeot has newly launched Peugeot 308 earlier this month, unveiling the model in 9 years under full change. Earlier this year, Volkswagen also revived its popular hatchback model Golf’s 8th generation model, making a comeback in Korean market in six years. In Europe, wagons and hatchbacks sell in huge numbers,...

As the leaders of South Korea, the United States and Japan reaffirmed their commitment to work together to deter North Korea’s nuclear threats, Seoul’s foreign minister raised the possibility of the three countries expanding their military cooperation. South Korean Foreign Minister Park Jin also said China “has benefited the most from free trade,” and urged the country to join the “new world ord...

South Korea’s new COVID-19 cases topped 10,000 for the second consecutive day, highlighting the risk of a resurgence in the country during the summer season that some experts have pointed out. During the 24 hours of Saturday, the country added 10,059 COVID-19 cases, bringing the total caseload to 18,389,611, according to the Korea Disease Control and Prevention Agency said. The country added ei...

SK팜테코가 자회사 SK바이오텍 아일랜드 공장 증설에 3,000만 달러(약 389억 원)를 추가 투자한다. SK바이오텍 아일랜드를 이끄는 조이스 피츠해리스 사장은 코리아헤럴드와의 이메일 인터뷰에서 이와같이 추가 투자계획을 밝히면서 “2단계에 걸친 (증설) 자금은 총 6,500만 달러로 예상된다”고 말했다. 지난달 SK팜테코는 더블린시에 위치한 SK바이오텍 공장 확장을 위해 먼저 3,500만 달러를 투자한다고 발표하면서, 2024년 완공을 목표로 증설이 두 단계로 나눠서 진행될 것이라고 밝혔다. 완공시 SK바이오텍의 총생산 용량은 50% 증가하게 된다. 2단계 투자액이 조금 적은 이유에 대해 피츠해리스 사장은 ”1단계 증설의 활용도를 극대화하기 위해 대부분의 부대시설이 1단계 증설로 설치된다“고 설명했...

Korea’s future growth depends on nuclear power plants, green technology, chips and next-generation electric batteries, President Yoon Suk-yeol said Sunday, basing his statement on discussions he held with several Western leaders on the sidelines of the NATO summit last week. Yoon returned home on Friday after attending the summit held in Madrid, Spain, seeking to strengthen security and economic...

When a person dies, a will provides instructions on where and to whom their property, possessions and asset go. But what happens to the things they leave behind that only exist online? A local platform operator said Sunday that it had been working with law firms on a bill that would define the type of digital assets subject to inheritance, the range of disclosure and eligibility. Demand for peo...