[Editorial] Disturbing the government

The main opposition Democratic Party of Korea slashed the government budget for next year and passed the reduced budget unilaterally through the Special Budget Settlement Committee. The party, which has a majority in the National Assembly, is also pushing to impeach chair of the Board of Audit and Inspection and senior prosecutors. It seems determined to disturb the government. The budget the majority party passed through the committee amid a ruling party boycott Friday reflects only reductions

Dec. 3, 2024

[Herald Gallery] An Aqueduct and a Small Boat

The National Museum of Modern and Contemporary Art, in collaboration with the China Art Museum, is presenting the exhibition "The Modern and Contemporary Ink Art of the Republic of Korea and the People’s Republic of China" until Feb. 16, 2025. The exhibition highlights selected masterpieces and modern works of ink art from both nations, structured into four sections — two each for Korea and China. It aims to illustrate the distinct developmental paths of ink art in both cou

Dec. 2, 2024

[Bills in Focus] Enhancing AI safety, regulating MVNO dominance

Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Kim Sang-hoon (People Power Party) ● This amendment seeks to innovate the trust system by allowing liabilities, like mortgages, to be included in trusts. Currently, trust assets are limited, which complicates managing assets tied to debt. This change enables trusts for mortgaged properties, ensuring comprehensive asset management. Proposed Bill: Act on the Promotion of Artificial Inte

Dec. 2, 2024

[Photo News] Genesis GV70 EV refined

The 2025 Genesis GV70 Electrified brings a refreshed design inside and out. Updates include a new grille with a gradient pattern, streamlined air intakes and new 20-inch matte gray wheels. A fresh Ceres Blue color option -- offered in matte or glossy finishes -- offers more variety. The interior maintains its spacious layout while incorporating updated oval-themed accents for a modern look. Genesis plans to release more details about pricing and features closer to the launch early next year. (Ge

Dec. 2, 2024

[Editorial] Warning signs

South Korea’s economy is chugging along on the strength of exports of chips, but the path ahead appears rocky with numerous warning signs. The surprise interest rate cut by the country’s central bank last week is also interpreted as a sign for a worse-than-expected economic slowdown. According to government data, Korea’s exports posted on-year growth for the 14th straight month in November. Exports went up 1.4 percent on-year to $56.3 billion last month and imports declined 2.4

Dec. 2, 2024

[Lee Kyong-hee] Rudderless Yoon sails toward headwinds

South Korea has had 13 presidents since 1948. Those in the first decades tried to lift the nation out of war-torn rubble and perpetuate economic momentum, though they left a legacy of political repression. Their successors shared the overarching goal of strengthening the nation. And, despite their respective flaws and failings, they all strove to parry a nuclear-armed North Korea and global upheavals effectively. Today, we have a president who does not display any cogent vision or resolute purpo

Dec. 2, 2024

[Contribution] Exploring Kazakhstan: Land of tourist wonders

By Nurgali Arystanov Ambassador of the Republic of Kazakhstan to the Republic of Korea Kazakhstan, the world's ninth-largest country, is a land of breathtaking natural beauty, deep cultural heritage and unique tourist opportunities. From snow-capped mountains and expansive steppes to futuristic cities and ancient Silk Road sites, Kazakhstan offers a variety of experiences for every traveler. Its strategic location at the crossroads of Europe and Asia, coupled with a growing network of inter

Dec. 1, 2024

[Photo News] 2024 Jeju gamgyul day celebration

The 2024 Jeju gamgyul day celebration, aimed at promoting Jeju's iconic winter fruit, the tangerine, kicked off Saturday at Understand Avenue in Seongsu-dong, Seoul. The event, designed to highlight the excellence of Jeju gamgyul or tangerines and encourage consumption, will run for two days, ending on December 1. Visitors can enjoy various programs showcasing the flavors and appeal of this beloved fruit. "As tangerines have long been cherished as a staple winter fruit in Korea, we hop

Nov. 30, 2024

[Bills in Focus] Promoting chip sector growth, fair LLC audits

Proposed Bill: Special Act on Strengthening Competitiveness and Promoting Innovative Growth in the Semiconductor Industry Proposed by Rep. Lee Chul-gyu (People Power Party) ● Amid the intensifying global competition for semiconductor dominance, this bill introduces measures to bolster Korea’s semiconductor industry. It establishes legal grounds for providing subsidies for infrastructure development and forming administrative bodies to support semiconductor policy formulation and execution.

Nov. 29, 2024

[Photo News] Polestar 4 begins delivery in Korea

Polestar Korea said Friday it began delivering the Polestar 4, the Swedish electric vehicle maker's first coupe-styled sports utility vehicle, for the customers here. According to the automaker, the delivery started in five cities -- Seoul, Hanam in Gyeonggi Province, Busan, Jeju and Daejeon. The Polestar 4 was launched in the Korean market in August this year with a starting price of 66.9 million won ($48,000) and a certified maximum driving range of up to 511 kilometers per charge. (Poles

Nov. 29, 2024