The Korea Herald

[Rachel Greszler] Strings attached to government spending

ViewpointsSept 29, 2021

“Give me a one-handed economist,” Harry Truman once famously demanded. “All my economists say, ‘On the one hand … but on the other’.” His frustration was understandable. But when it comes to legislation that can affect the well-being of all Americans, it’s vital to weigh all the pros and cons. Consider the radical $3.5 trillion spending package now before Congress. Some lawmakers are demanding passage based on a one-sided assessment of the impac
[Kim Seong-kon] Watching “D.P.”

ViewpointsSept 29, 2021

The Netflix television series “D.P.” is the talk of the town lately. As the title “D.P.,” which stands for “Deserter Pursuit,” suggests, the drama is about the military police’s pursuit of deserters. At the same time, the drama vividly depicts the violence within the ROK Army, which is one of the main reasons for soldiers’ desertion. Violence is so rampant that even the protagonist, who is in the military police D.P. unit, faces periodic physical v
##Editorial

EditorialSept 29, 2021

Deceptive conciliation North Korea attaches high price tag to 　 collaboration with Moon’s peace agenda President Moon Jae-in’s government appeared buoyed by the somewhat conciliatory tone of the statements issued last week by Kim Yo-jong, the influential sister of North Korean leader Kim Jong-un. She said in a statement Saturday that the North could agree to declare a formal end to the 1950-53 Korean War as proposed by the South and even discuss holding an inter-Korean summit if Seoul treated
[KH Finance Forum] Korea should speed up with ESG disclosure: Sustinvest CEO

EconomySept 29, 2021

A plan to adopt a critical ESG disclosure system by 2023 is lagging far behind other countries and should be implemented as soon as possible to foster environmental, social and governance investment, Ryu Young-jae, CEO of a leading ESG advisory firm said Tuesday. European countries adopted a sustainable finance disclosure system in 2018 and Japan in 2021. The US House of Representatives passed the ESG Disclosure and Simplification Act in June, according to Ryu. Under such a disclosure syste
In R. Kelly verdict, Black women see long-overdue justice

World NewsSept 28, 2021

For years, decades even, allegations swirled that R&B superstar R. Kelly was abusing young women and girls, with seeming impunity. They were mostly young Black women. And Black girls. And that, say accusers and others who have called for him to face accountability, is part of what took the wheels of the criminal justice system so long to turn, finally leading to his conviction Monday in his sex trafficking trial. That it did at all, they say, is also due to the efforts of Black women
Japan to lift all coronavirus emergency steps nationwide

World NewsSept 28, 2021

Japan's government announced Tuesday that the coronavirus state of emergency will end this week to help rejuvenate the economy as infections slow. Prime Minister Yoshihide Suga said the emergency will end Thursday and virus restrictions will be eased gradually "in order to resume daily lives despite the presence of the virus." He said the government will create more temporary COVID-19 treatment facilities and continue vaccinations to prepare for any future resurgence. Government offi
S. Korea, China discuss measures to stamp out illegal fishing

Foreign affairsSept 28, 2021

South Korea and China discussed joint efforts to stamp out illegal fishing by Chinese boats in the South's waters in their regular fisheries meeting on Tuesday, the foreign ministry said. At the meeting, Seoul called on Beijing to draw up "effective measures" to stem the illegal fishing, as it is a matter that "directly concerns the livelihoods of South Korean fishermen," the ministry said. The South proposed China step up its patrol of fishing boats at major ports, block t
Ciipher welcomes love during autumn with ‘Blind’

K-popSept 28, 2021

As the days are shortening, the leaves are starting to change, people are pulling out their sweaters, and rookie boy band Ciipher is hoping to capture the mood of the season. The septet has returned with their second EP “Blind,” released Tuesday evening, a follow-up to their debut “I Like You” which dropped in March. The seven-member group said their title track, “Blind,” is a song about how a guy succeeds in confessing his love to his crush and how one cou
From childhood games to iconic track suits, Netflix ‘Squid Game’ syndrome grips the world

TelevisionSept 28, 2021

The worldwide excitement over Netflix’s “Squid Game” is not likely to cease any time soon as even the small details of the nine-part series are fanatically enjoyed by the global audience. The mystery sci-fi thriller has reached the top spot in countries in the Middle East and Southeast Asia, including Oman, the United Arab Emirates, Kuwait, Vietnam, Singapore and Thailand, according to the US-based streaming analytics firm FlixPatrol. The popularity of “Squid Game&rdq
DL Chemical acquires Kraton for $1.6b to take lead in global SBC plastic market

IndustrySept 28, 2021

DL Chemical, the world’s largest producer of polybutene, said Tuesday it will acquire Texas-based specialty chemical manufacturer Kraton for $1.6 billion to bolster its presence in the US and European markets. According to the subsidiary of South Korea’s DL Holdings, it will purchase the full stake of Kraton at $45.60 per share. DL will spend $2.5 billion in total, as it will also take over the US firm’s net debt of $900 million. The acquisition will allow DL Chemical to ma
[Herald Interview] CIX ready for new journey with first studio album

K-popSept 28, 2021

We know that a K-pop idol group is on the right track when they set the bar higher with every comeback. For quintet boy band CIX, the recent release of their first studio album “‘OK’ Prologue: Be OK” was more than enough to prove to the world and to themselves that they were heading the right way. One of K-pop’s up-and-coming boy bands, CIX made a splash with the 10-track album on Aug. 17, instantly placing five tracks on the top of Bugs’ real-time chart and
[News Focus] Korea, 27th of 33 OECD members in women’s employment

Social affairsSept 28, 2021

As for men, Korea ranks 18th, Japan 1st in Q2
[Today’s K-pop] SHINee’s Key tops iTunes chart in 32 regions

K-popSept 28, 2021

Key of SHINee landed atop iTunes top albums charts in 32 regions with his first solo EP, “Bad Love,” which came out Monday. 　 The EP also topped a series of charts in Japan and China as well as at home. 　 The album consists of six tracks and he wrote the lyrics for two. “Hate That ...” featuring Taeyeon of Girls’ Generation was dropped in advance last month and topped iTunes top songs charts in 11 regions. 　 The title track was performed for the first time a day
[KH Finance Forum] Asia rises to new destination for ESG investing

MarketsSept 28, 2021

Asia is projected to emerge as a destination for sustainability-driven investment, and integrating environmental, social and governance factors is key to discovering the less well-tapped investment opportunities in the region, a veteran investor said Tuesday. Spurred by rising secondary battery demand, combined with a projection of fast-paced electric vehicle adoption, Asian countries including South Korea are in a race to make good on their bid to achieve carbon neutrality and cultivate new e
KFCC logs W208.9b in H1 net profit despite COVID-19 woes

MoneySept 28, 2021

The Korean Federation of Community Credit Cooperatives, the nation’s leading mutual financial institution, said Tuesday it has managed to post strong profits despite the COVID-19 pandemic. Under the leadership of President Park Cha-hoon and Ryu Hyuk, chief executive officer of Credit & Insurance -- the KFCC’s business unit responsible for building strategies for the group’s financial management as well as operating deduction services -- the cooperative logged a net profit

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