South Korea’s fertility rate is projected to reach 0.74 this year, which would mark the first increase in nine years, according to a government body addressing the country’s declining birth rate and aging society. Joo Hyung-hwan, vice chairman of the Presidential Committee on Aging Society and Population Policy, announced the estimate during a keynote address at the Global Symposium on Low Fertility and Aging organized by Statistics Korea and UNFPA on Tuesday in central Seoul. &ldquo

HARYANA, India -- Daewoo Engineering & Construction Chairman Jung Won-ju, who doubles as chairman of Herald Media Group, expressed his hopes to establish India’s first Koreatown, the hub of Korean culture and commerce, in a meeting with high-profile Indian government officials. On Thursday, Jung met with Nayab Singh Saini, the chief minister of Haryana, to discuss the bilateral partnership between Korea and India. Haryana, a state in north-central India, surrounds Delhi on three sides.

NEW DELHI, India -- Korea’s leading asset manager Mirae Asset Global Investments has been rapidly expanding its presence in the Indian market, riding on the country’s strong “appetite for Korean businesses.” Recognizing the country’s growth potential, the company was the first of its peers to enter the Indian market, setting up an office in Mumbai in 2006. “When Mirae Asset came to India, it was a 100 percent foreign-owned equity,” Shrinivas Khanolkar, h

Seoul Mayor Oh Se-hoon on Tuesday refuted allegations that he received help during the 2021 Seoul mayoral by-election from Myung Tae-kyun, a self-proclaimed power broker at the center of a growing political scandal. With a background in public opinion polling, Myung Tae-kyun has claimed he supported Oh's victory by providing polling data and strategic advice. Speaking at a press briefing at City Hall on Tuesday, Oh denied ever commissioning polls from Myung or receiving any related data. Th

NEW DELHI, India -- Following a historic $3.3 billion initial public offering debut on the Indian stock market in October, Hyundai Motor will continue to bet big on the country as a foothold for its global expansion. “India is the fastest growing auto market in the world,” Tarun Garg, chief operating officer of Hyundai Motor India said, calling the Indian automobile sector a "sunshine industry,” during the India-Korea Business Partnership Forum 2024 held at Yashobhoomi in

NEW DELHI -- For South Korean tech behemoth Samsung Electronics, India is more than just a manufacturing hub for the global market. The tech giant believes that Indian talent will drive innovation to take the country a step further on the global stage. “Samsung was one of the first companies to realize India's potential as a manufacturing powerhouse. Each state represents a diverse micro-ecosystem with its own unique needs and preferences,” Chun Sang-pil, corporate vice presiden

NEW DELHI, India -- South Korea and India have significant untapped potential for developing trade and economic cooperation in a wide range of areas, experts said at a forum in India on Friday. To commemorate the 51st anniversary of diplomatic relations between Korea and India, the Korea-India Business Partnership Forum took place at Yashobhoomi in New Delhi, with more than 600 government officials, business leaders, and cultural and artistic figures from both countries in attendance. A compleme

South Korean stocks fell Tuesday as investors sat on the sidelines following sharp gains the previous session, with US President-elect Donald Trump vowing tariffs on imports from Canada, Mexico and China. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index shed 13.98 points, or 0.55 percent, to close at 2,520.36, ending a two-day winning streak. Trade volume was moderate at 434.77 million shares worth 8.51 trillion won (US$6.09 billion), with winners ou

North Korea may officially acknowledge its troop deployments to Russia to secure strategic gains by formalizing its role as an official war participant amid mounting internal challenges in concealing such actions, the Unification Ministry in Seoul said Tuesday. The ministry suggested Seoul detected "signs of unease" within North Korean society, as rumors, including accounts of families in tears, have surfaced and spread despite Pyongyang's efforts to keep its troop deployment to R

K-pop fans have transitioned from enthusiastic supporters to influential stakeholders in the industry, shaping not only the success of idols but also the decisions of major entertainment companies. Through social media, fans have amplified their collective power, helping their favorite artists promote albums and top global music charts by purchasing multiple copies and streaming songs on platforms like Spotify. This increasing influence has compelled entertainment agencies to adapt their strateg

Seoul’s iconic yet aging Apgujeong Hyundai Apartments, located in the heart of Gangnam, look likely to be replaced by a towering residential complex, rising up to 70 floors, under an urban planning plan approved by the city government. According to the Seoul Metropolitan Government on Tuesday, the city’s Urban Planning Committee approved an eased maximum floor ratio of 300 percent for residential complexes aged over 50 years in the southern Seoul districts, including Apgujeong Hyun

North Korea started dismantling power lines installed north of the shared border with the South from Sunday in the latest of a series of demolition of past inter-Korean peace efforts. According to South Korea’s Joint Chiefs of Staff on Tuesday, the North Korean military was spotted taking down power transmission systems on its side of the Military Demarcation Line dividing the Korean Peninsula. The JCS said the North Korean military was cutting off high-voltage wires from the power transmi

US President-elect Donald Trump is likely to use tariffs not only as a tool to protect American manufacturers but also as a way to ensure that trade negotiations are fair and expedited, a top Washington lobbyist says. “Trump has several administrative avenues to implement tariffs and his suggestion of a 10 percent universal tariff on all imports is still a possibility,” Brian Ballard, president of the Washington lobbying firm Ballard Partners, told The Korea Herald in a written inter

The lecture had begun, but the 83-year-old director stood silently at the lectern on the stage in the 500-seat auditorium. He looked straight ahead, occasionally turning his gaze to observe the audience. The weight of the silence filled the space. Only after five full minutes did he finally speak, breaking the tension with a brief greeting. A wave of relief and small laughter rippled through the audience. Robert Wilson, the legendary avant-garde theater director and one of the most innovative vi

Entangled in court trials for nearly a decade, Samsung Electronics Chairman Lee Jae-yong appealed for leniency during the final hearing of a retrial, publicly acknowledging for the first time the challenges his company is facing. Delivering his final statement during the retrial's final hearing on allegations including stock manipulation related to a controversial 2015 merger, Lee pledged to do everything he can for the company to overcome its current challenges. “I am well aware of t

On Monday, the BBC Scottish Symphony Orchestra and cellist Han Jae-min will kick off the inaugural Korean edition of London’s leading summer festival BBC Proms, a week-long festival of classical music, choral music and music from West End musicals. South Korean composer Chin Un-suk’s “Subito Con Forza" ("Suddenly With Power") written in 2020 will open Monday's concert, followed by “Nachtergebung” (“Surrender to the Night”), a cello co

Eighteen people were injured Monday after a motel caught fire in Bongdam-eup, Hwaseong, Gyeonggi Province, according to local media. One person was found on the second floor in a state of cardiac arrest, but recovered. The fire reportedly began on the first floor of the four-story building at 10 p.m., but the smoke quickly spread to the entire building. At the time, 22 people were staying in the motel and many of them were foreign workers at a nearby employer who was using the motel to accommoda

Hana Financial Group held the fourth edition of its "Hana Waves" conference on Monday to empower female leaders within the organization. Launched in 2021, the program aims to enhance women's leadership capacities and increase their presence, driving innovation through their actions, voices and emotions. Monday's conference, which marked the conclusion of the program's monthslong journey, was attended by Group Chairman Ham Young-joo. In the photo, Ham (front row, eighth f

A 44-year-old man, who had asked soccer superstar Son Heung-min's father Son Woong-jung for a settlement related to the elder Son's child abuse accusation, recently received a suspended jail term for false accusation and stalking in a separate case. The appellate division of the Incheon District Court on Nov. 15 upheld an earlier court ruling that sentenced the defendant, surnamed Kim, to 18 months in prison, suspended for three years, for stalking and false accusation against multip