Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Golden chance to liquidate babies’ gold rings?
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[Herald Interview] Crowdfunding platform Tumblbug calls for eased barriers to inbound payments
The Korea Herald is publishing a series of interviews on promising startups in the financial technology industry. This is the 18th installment. -- Ed. An online crowdfunding platform is a marketplace of ideas. And equipping that marketplace with a convenient payment tool is obviously key for the involved parties -- fundraisers with an idea and backers buying into the idea.For sponsors on Tumblbug, a startup operating an online rewards-based crowdfunding platform for content creators since 2011,
MarketJuly 10, 2018
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[Herald Interview] ‘Decarbonization sole path to prosperous future’
Mitigating global warming and embracing sustainable development goals based on decarbonization is the sole remaining ticket to an environmentally responsible and economically vibrant future, stressed the head of an intergovernmental scientific body with credible authority on climate change in a media interview last week. Lee Hoe-sung, the chair of the Intergovernmental Panel on Climate Change, told journalists that “the thinking that reducing greenhouse gas emissions slows economic development r
Diplomatic CircuitJuly 9, 2018
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[Herald Interview] Lifting sanctions on Rajin-Khasan Project key to economic cooperation with Russia, NK
South Korea and the United States need to lift their economic sanctions on a joint project between the two Koreas and Russia, a chairman of presidential committee on northern policy said, calling for an immediate resumption of the cross-border logistic initiative Rajin-Khasan Project. Rep. Song Young-gil, who chairs the Presidential Committee on Northern Economic Cooperation, said the two governments should allow for investment in connecting Russia and North Korea’s border towns of Rajin and Kha
North KoreaJuly 6, 2018
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[Herald Interview] ‘Korea Forest Service to play key role in antidesertification’
Desertification and the consequent level of air toxicity in nearby countries have had their impact on South Korea, forcing schools to close for several days and deterring citizens from outdoor activities. Under a long-term goal to tackle such climate concerns, Seoul’s government is determined to contribute to the global community‘s blueprint to fight desertification and drought, according to the chief of the country’s forest service.“I believe that we can help create global consensus that forest
IndustryJuly 5, 2018
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[Herald Interview] S. Korea's IP leadership to play key role in innovative growth: KIPO chief
South Korea’s leading status in the intellectual property sector will serve as an indispensable tool in attaining the country’s economic visions, such as innovative growth, job creation and fair market order, according to the chief of the intellectual property office here.“South Korea’s development pace in intangible intellectual assets has already outpaced its economic growth,” Sung Yun-mo, commissioner of the Korean Intellectual Property Office, told The Korea Her
EconomyJuly 4, 2018
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[Herald Interview] Neither N. Korea nor US leaders can be trusted: Nobel laureate
At the historic summit between US President Donald Trump and North Korean leader Kim Jong-un in Singapore on June 12, the two promised to work together for the complete denuclearization of the Korean Peninsula. Yet neither of the leaders can be trusted, according to Nobel Peace laureate Ira Helfand.“Certainly, we are in a better position than a few months ago when they were hurling nuclear threats at each other,” Helfand told The Korea Herald in an email interview after attending a conference ma
North KoreaJuly 3, 2018
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[Herald Interview] Metropolitan Lisbon continental gateway to Europe, America, Africa
Following the European debt crisis that started in late 2009, Portugal and Lisbon took painful structural reforms, privatizing state assets and cutting expenditures to make their economies more efficient, with money borrowed from the European Union and International Monetary Fund. The crisis ended up a catalyst for change. It has strengthened their regulatory oversight and diversified their inbound investments and trade, adding much value to them. It ultimately set the stage for their progressiv
Diplomatic CircuitJuly 2, 2018
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[Herald Interview] Honeywell taps deeper into Korean aviation market
US aircraft solutions provider Honeywell is tapping deeper into the growing Korean aviation market with its new connected aircraft and flight efficiency solutions that help save fuel costs. In the last five years, Korea’s air traffic has increased by an average of 6.9 percent per year, outpacing the global average of 5.6 percent, according to government data. Honeywell expects this growth to be sustainable, as Korea is focusing on attracting more visitors to the country. “South Korea remains a p
IndustryJuly 2, 2018
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[Herald Interview] More than changing passport
First naturalized basketball player not of Korean descent strives to make lasting impact On Thursday, South Korean basketball fans saw something they hadn’t seen in years: their team dominating the paint against the towering Chinese national team.Ricardo Ratliffe, a recently naturalized Korean player, gave the Chinese twin towers of Wang Zhelin and Zhou Qi a run for their money as he scorched them for 25 points and 11 rebounds in an 82-74 victory in the third game of the FIBA Asian Qualifiers.Th
PeopleJune 29, 2018
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[Herald Interview] ‘Huawei or Samsung? Just leave it to the market’
SHANGHAI -- If Huawei has good reference sites and excels in quality, it is up to mobile operators to decide whether to use the made-in-China telecommunications equipment, says Johnny Kim, strategic engagement director and head of North East Asia at the Global System for Mobile Communications Association (GSMA). “There are political implications about the issue, but if they have good reference sites and good quality, why not use them?” Kim said during an interview with The Korea Herald at the Mo
TechnologyJune 29, 2018
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[Herald Interview] Mahindra Korea eyes partnership in defense biz
With aims to diversify its partnership with South Korean businesses and raise brand awareness, Mahindra & Mahindra tapped Choi In-bom as the second representative of the local office this January.Mahindra Korea, established in 2013, has so far helped the Mahindra Group clinch major deals with companies here including LG Chem, Posco and Hanwha Qcells, striving to fulfill its purpose as a facilitator between the headquarters in India and Korea.Continuing to pursue the firm’s mission, Choi is searc
IndustryJune 28, 2018
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[Herald Interview] Singaporean consultant optimistic about business opportunities in NK
SINGAPORE -- When Michael Heng, a business strategist and former professor, heard that the US and North Korea were going to hold a summit, he felt it was finally time for something to happen in the reclusive state.He asked his friend, an official at the North Korean Embassy in Singapore, if he could take some Singaporeans on a mission to tap future business opportunities in the North.A day after the summit between US President Donald Trump and North Korean leader Kim Jong-un in Singapore earlier
North KoreaJune 26, 2018
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[Herald Interview] Merck ups focus on materials biz, where Korea is big market
German chemical and life sciences giant Merck KGaA has restructured its performance materials business with aims to strengthen its growth this year — a move that hints at Merck’s renewed attention to its key customers in the space including South Korean display makers Samsung and LG. Merck recently initiated a major restructuring of its performance materials business division. Previously broken down into smaller sub-units by material type, Merck’s materials business is now divided into three ar
TechnologyJune 26, 2018
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[Herald Interview] Korea stands at forefront of forest welfare
South Korea is taking the initiative in forest welfare, with the aim of maximizing economic value of forests for the public, according to the chief of the Korea Forest Welfare Institute. “The focus of Korea’s forests has transformed over the 40 years from simple afforestation to forest resources to sustainable forest management,” said Yoon Young-kyoon, president of the Korea Forest Welfare Institute, in an interview with The Korea Herald.Yoon Young-kyoon, president of the Korea Forest Welfare In
IndustryJune 25, 2018
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[Herald Interview] The magic in Ed Kwon’s air
It isn’t common to come across a magician on the streets, but meeting a young professional magician who is also a college student is much more rare. Ed Kwon, or Kwon Joon-hyuk, is a 23-year-old Korean magician based in Las Vegas and Los Angeles. Despite his young age, he performed as a headliner act last Christmas at The Magic Castle in Los Angeles, the world-famous private club for magicians. Ed Kwon On Tuesday, Kwon spoke with The Korea Herald before staging a magic show at an event held by
PeopleJune 24, 2018
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[Herald Interview] Young, dynamic and connected -- ASEAN offers endless opportunities for Korea
Southeast Asia can offer market and business opportunities to South Korea with its young, digitally connected and growing middle class in return for Korea’s sharing of its quickly developed economic strategies, according to a high-ranking official from the Association of Southeast Asian Nations Economic Community. “Korea will benefit from ASEAN’s dynamism, creativity and growth potential, as the regional production networks are fast expanding,” said Aladdin D. Rillo, deputy secretary-general for
IndustryJune 22, 2018
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[Herald Interview] Master calls for Korea to bring geomancy into open
Like other East Asian countries, South Korea has long practiced geomancy, or “pungsu jiri” in the local language. While doubt may prevail toward the pseudoscience, some Korean entrepreneurs and politicians have taken to consultants to make the most of a Korean equivalent to China’s feng shui to decide where to live, where to start a business or where to bury the dead. To them, finding an auspicious site has been deemed an essential bid to evade the narrowest chances of bad luck and pursue prospe
CultureJune 22, 2018
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[Herald Interview] Jaurim’s music revolves around humans, world they live in
Just as its name refers to a “purple rainforest,” Jaurim’s music is the epitome of profoundness and mysteriousness. Or, life itself. Seesawing between extreme highs and lows, the band dives deep into dark human emotions of angst and touches on societal illnesses. But it also coos about hope and lasting love in the most sophisticated language, as if trying to say life’s not always miserable. Celebrating 20 years in the music scene, the band -- vocalist Kim Yoon-ah, bassist Kim Jin-man and guitar
PerformanceJune 22, 2018
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[Herald Interview] Now is time to talk about Korean literature
Publishers choose the books to put out on bookstore shelves, hoping that some will buy and perhaps read them. Yet, many of them go unnoticed among the countless books that are released every day.This is much more the case with translated materials. The odds are very low that an American would read Korean literature. Ira Silverberg looks for information in a book during an interview with The Korea Herald on Wednesday at Coex in Seoul. (Shim Woo-hyun/The Korea Herald)”It‘s hard for American writer
BooksJune 21, 2018
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[Herald Interview] Taking global Starbucks phenomenon to next level
For Major Cohen, coffee changed his life as he approached mid-age.“I began working as a part-time barista in 1995, for a team that was opening a new store in Boston. It was when I was 45 years old,” Cohen told The Korea Herald at a Starbucks Korea’s The Jongno branch in downtown Seoul. At 1,097 square-meters, it is the biggest Starbucks store in Korea and was designed to do much more than simply serve coffee. Starbucks’ global ambassador Major Cohen speaks during an interview with The Korea Her
IndustryJune 21, 2018