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The Korea Herald

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S. Koreans head to polls in local elections

South Koreans hit the polls Wednesday to elect mayors, governors, local council members and regional education chiefs in crucial local elections that could set the path for the Lee Jae Myung administration in its second year in office. Voting kicked off at 6:00 a.m. and will continue until 6:00 p.m. at 14,288 polling stations nationwide, according to the National Election Commission. More than 44.6 million people are eligible to vote, among whom 10.4 million already cast their ballots during the

The Korea Herald

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Earth is likely to break another heat record

The world has an 86 percent chance of experiencing its hottest year on record between 2026 and 2030, according to a new report released by the World Meteorological Organization. The report, known as the Global Annual to Decadal Climate Update 2026-2035, was led by the UK Met Office and incorporated 250 climate model projections from 13 institutions worldwide, including the Korea Meteorological Administration. The WMO projected that the global average near-surface temperature from 2026 to 2030 wi

The Korea Herald

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IT/기술

Nvidia chief, SK Group's Chey meet in Taipei to discuss AI memory chip cooperation

Jensen Huang, chief executive officer of US chip giant Nvidia, met with SK Group Chairman Chey Tae-won in Taipei to discuss the future of cooperation in artificial intelligence memory, SK Group said Tuesday. The meeting took place in Taipei on Monday, according to a post on SK Group's Facebook account. Both executives were in the Taiwanese capital to attend Computex, one of Asia's largest technology trade shows. "With SK hynix reaching a market capitalization of US$1 trillion, the executives of

The Korea Herald

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Psy referred to prosecutors over alleged proxy drug pickup

Psy, the singer behind 2012 K-pop megahit "Gangnam Style," has been referred to prosecutors over allegations he had a manager collect psychotropic medication on his behalf. According to local media reports Tuesday, the Seoul Western District Prosecutors' Office received the case from police on Monday and is investigating Psy, his manager, a professor at a university hospital in Seoul and another individual on suspicion of violating the Medical Service Act. Psy is accused of receiving prescriptio

The Korea Herald

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문화/연예

BTS to release special vinyl edition of ‘Arirang’ for 13th debut anniversary

BTS will celebrate 13 years since its debut with a special limited-edition vinyl release of its fifth LP, "Arirang." According to Big Hit Music, the vinyl version of the album will be released on June 12, a day before the group’s anniversary. The vinyl will feature all the tracks from "Arirang" that were released on March 20, along with two bonus tracks: "Voice Message: Love Song" and "Normal (Korean Ver.)," bringing the total number of tracks on the record to 16. "Voice Message: Love Song" expa

KBS World (English)

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정치

S. Korea, US Wrap Up First Day of Negotiations on Security Deals from 2025 Summit

[Politics] : South Korea and the United States have wrapped up the first day of formal negotiations to implement security agreements reached between their leaders at a summit last year. According to the foreign ministry, the two sides opened the inaugural two-day meeting at the Ministry of Foreign Affairs in Seoul on ... [more...]

The Korea Herald

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Kospi rally is real, but Korea's rerating has only begun: Shinyoung strategist

The Kospi's historic rally may have changed the way investors talk about the Korea Discount, but it has not erased the deeper valuation gap that still weighs on Korean equities, according to Kim Hak-kyun, head of research at Shinyoung Securities. "(The) Korea Discount has been fully resolved if you are talking about whether stock prices failed to rise," Kim said in an interview with The Korea Herald in Yeouido, Seoul, on Monday. "But if the term refers more precisely to how undervalued Korean co

The Korea Herald

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Homeplus sounds out Alibaba, Temu in survival sale

Homeplus has put its remaining operations up for sale after agreeing to dispose of its supermarket arm, industry sources said Tuesday, courting domestic and foreign buyers as the debt-laden retailer seeks funding ahead of a court-imposed restructuring deadline. According to the sources, Homeplus's sales adviser, PwC Korea, has sent teaser materials to more than 10 domestic and overseas strategic investors as part of a sale process for the retailer's hypermarket and online businesses. Potential b

KBS World (English)

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Alcohol Spending in S. Korea Sees Sharpest Drop in 7 Years

[Domestic] : Household spending on alcoholic beverages in South Korea posted its steepest decline in seven years in the first quarter, extending a downward trend to a tenth consecutive quarter. According to the Ministry of Data and Statistics on Tuesday, households spent an average of 13-thousand won, or eight ... [more...]

The Korea Herald

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산업

Seoul to streamline regulations for imports of key semiconductor manufacturing equipment

The government will streamline import procedures for extreme ultraviolet, key equipment used for semiconductor manufacturing, as part of a broader effort to help the booming chip industry maintain its manufacturing competitiveness, the industry ministry said Tuesday. Under the revised enforcement decree of the High-Pressure Gas Safety Control Act endorsed by the Cabinet, imports of EUV equipment are expected to take about nine days from now on, shortened from the current 34 days, according to th

The Korea Herald

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Scott Pelley of '60 Minutes' accuses CBS News head Bari Weiss of 'murdering' the show, report says

NEW YORK (AP) -- In a remarkable sign of the turmoil at CBS's top-rated "60 Minutes," correspondent Scott Pelley said CBS News head Bari Weiss was "murdering the show" and accused its new producer of having "slender qualifications" for the job, according to reports. Pelley made his accusations in an introductory meeting Monday between the newsmagazine's staff and Nick Bilton, the new executive producer named by Weiss last week, according to a detailed report on the Status website, which said it

The Korea Herald

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경제

S. Korea's content industry exports hit record $14.9b in 2025

South Korea's content industry exports hit a record high last year, buoyed by government policies to nurture the "K-content" industry into a key growth sector, the culture ministry said Tuesday. Content exports tentatively reached $14.9 billion in 2025, compared with $14.1 billion the previous year, according to the Ministry of Culture, Sports and Tourism. The number of overseas tourists who visited South Korea also rose to a new high of 18.9 million last year, up from 16.3 million a year earlie

The Korea Herald

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경제

The latest K-food export star: Sesame oil

South Korea's sesame oil exports hit a record high in the first four months of 2026, driven by growing demand for healthy foods and the global popularity of Korean cuisine. According to the Korea Customs Service on Tuesday, sesame oil exports rose 37 percent on-year to $6.14 million between January and April, while export volume jumped 47.6 percent to 657 metric tons. The United States remained the largest market for Korean sesame oil for the 14th consecutive year, accounting for 41.7 percent of

The Korea Herald

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TWS to drop 2nd single in Japan in August

TWS will release its second physical single in Japan, “Soda Soda,” on Aug. 4, according to its agency Pledis Entertainment on Monday. The album will consist of three tracks and comes about a year after the group of six debuted in the country with the single “Nice to See You Again.” The previous single made a chart-topping debut on Oricon’s Weekly and Weekly Combined Single Rankings and reached over 250,000 shipments, certifying platinum from the Recording Industry Association of Japan. The upcom

The Korea Herald

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[Contribution] Why next phase of equity rally matters

By Sundeep Gantori Global equity markets have delivered a dramatic start to 2026. A sharp correction in the first quarter was swiftly followed by a V-shaped recovery, underscoring both the fragility and resilience of investor sentiment. Yet, beneath the volatility lies a more constructive story of robust corporate fundamentals. According to LSEG I/B/E/S, 83 percent of S&P500 companies beat earnings expectations in the first quarter of 2026 as of 1 May — a striking testament to underlying earning

The Korea Herald

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정치

Lebanon says Hezbollah accepted US proposal to stop attacks

BEIRUT (AFP) -- Lebanon said Monday Hezbollah had accepted a US proposal to stop attacking Israel in exchange for Israel halting attacks on south Beirut, after US President Donald Trump reported having a "very good call" with the Iran-backed group. Under the arrangement, which Hezbollah has accepted, according to a statement from the Lebanese embassy in Washington shared by the Lebanese presidency, "Israeli strikes on Dahiyeh" -- Beirut's southern suburbs -- "would cease in exchange for Hezbolla

The Korea Herald

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IT/기술

Nvidia's Jensen Huang to appear on 'You Quiz on the Block'

Jensen Huang, chief executive officer of US chip giant Nvidia Corp., will appear on the popular tvN talk show "You Quiz on the Block" during his upcoming visit to Seoul, the broadcaster said Tuesday. The appearance, which marks Huang's first appearance on a Korean variety show, comes as he is expected visit South Korea this week to meet with the heads of major conglomerates and hold discussions on artificial intelligence and robotics, according to industry sources. "You Quiz on the Block" is one

The Korea Herald

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경제

Sesame oil exports hit new record high through April on Korean food popularity

Exports of sesame oil soared 37 percent in the first four months of 2026 from a year earlier to set a new record amid the growing popularity of Korean food around the world, data showed Tuesday. Outbound shipments of sesame oil reached $6.14 million in the January-April period, with the shipment volume jumping 47.6 percent to 657 tons over the period, according to data compiled by the Korea Customs Service. "Following higher demand for vegetable oil products driven by the global popularity of he

The Korea Herald

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N. Korea's Kim visits key political school for party cadres on its 80th founding anniv.

North Korean leader Kim Jong-un has visited a key political school of the ruling Workers' Party of Korea to mark its 80th founding anniversary, calling it a "strategic fortress" ensuring the party's existence, state media reported Tuesday. Kim paid a "congratulatory" visit to the Central Cadres Training School of the WPK the previous day, accompanied by senior party officials, according to the Korean Central News Agency. The Central Cadres Training School is North Korea's top political education

The Korea Herald

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Household spending on alcohol falls for 10th straight quarter to W13,000 a month

The average household in South Korea spent 13,000 won ($8.60) per month on alcoholic beverages in the first quarter of this year, as alcohol consumption continued to lose momentum, government data showed Tuesday. According to Statistics Korea, the figure was down 9 percent from a year earlier, marking the 10th consecutive quarterly decline and the steepest annual drop since the agency resumed compiling the data on a quarterly basis in 2019. The sustained decline reflects changing drinking habits

뉴스

타임라인 키워드

S. Koreans head to polls in local elections

Earth is likely to break another heat record

Nvidia chief, SK Group's Chey meet in Taipei to discuss AI memory chip cooperation

Psy referred to prosecutors over alleged proxy drug pickup

BTS to release special vinyl edition of ‘Arirang’ for 13th debut anniversary

S. Korea, US Wrap Up First Day of Negotiations on Security Deals from 2025 Summit

Kospi rally is real, but Korea's rerating has only begun: Shinyoung strategist

Homeplus sounds out Alibaba, Temu in survival sale

Alcohol Spending in S. Korea Sees Sharpest Drop in 7 Years

Seoul to streamline regulations for imports of key semiconductor manufacturing equipment

Scott Pelley of '60 Minutes' accuses CBS News head Bari Weiss of 'murdering' the show, report says

S. Korea's content industry exports hit record $14.9b in 2025

The latest K-food export star: Sesame oil

TWS to drop 2nd single in Japan in August

[Contribution] Why next phase of equity rally matters

Lebanon says Hezbollah accepted US proposal to stop attacks

Nvidia's Jensen Huang to appear on 'You Quiz on the Block'

Sesame oil exports hit new record high through April on Korean food popularity

N. Korea's Kim visits key political school for party cadres on its 80th founding anniv.

Household spending on alcohol falls for 10th straight quarter to W13,000 a month