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For generations, child labor in Korea had a recognizable face. It was the elementary school student mobilized for farm work during Japan's colonial rule. The teenage girl bent over sewing machines in textile and wig factories during the country’s rapid industrialization. The boy spending long hours in workshops instead of classrooms to help support his family. Those images helped shape a national understanding that child labor belonged to another era. Today, South Korea is one of the world’s lar

The Korea Herald

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IT/기술

Seoul AI Foundation, MIT discuss people-centered AI city

Artificial intelligence should be used not only to optimize city services but also to help address challenges such as aging populations, declining birth rates and social isolation, city officials and researchers from the Massachusetts Institute of Technology said Thursday. Carlo Ratti, director of the MIT Senseable City Lab, said Seoul is well positioned to become a model for how cities can use AI to better understand how people live, interact and build communities. “Many cities will use AI to d

Woori Bank to launch digital wallet service for foreign tourists

Woori Bank said Thursday it plans to launch a dedicated digital wallet for overseas tourists to South Korea in the second half of this year to simplify payments and improve access to local financial services. The bank said it signed a memorandum of understanding with fintech startup Crosshub on Wednesday to improve payments for foreign visitors and jointly develop financial services that address payment challenges commonly faced by those travelling to Korea. Under the partnership, the two compan

[Contribution] Demystifying Chinese tech equities’ lagging performance

By Raymond Cheng While global tech rides an unprecedented AI-driven supercycle to historic highs, the Hang Seng Technology Index tells a starkly different story of disconnect. Driven by soaring AI capital expenditure, the MSCI World IT Index has surged over 20 percent year to date, whereas HSTECH has slumped with a negative return. Understanding the structural and macroeconomic forces behind this glaring divergence is critical to determining whether China’s technology sector represents a genuine

HD Hyundai deepens Canada push with UBC partnership

HD Hyundai said Wednesday it has signed a memorandum of understanding with the University of British Columbia to jointly develop next-generation shipbuilding technologies, including AI-powered autonomous navigation systems, digital ship design and advanced naval vessel platforms. The agreement was signed at the university's campus in Vancouver, with officials from HD Hyundai, UBC and the Korean Consulate in Vancouver in attendance. Under the partnership, HD Hyundai and UBC will collaborate on re

Xi thanks Kim for 'fruitful' summit: KCNA

North Korean leader Kim Jong-un has received a letter from Chinese President Xi Jinping thanking him for "fruitful" summit talks and warm hospitality, Pyongyang's state media reported Wednesday. In the letter, Xi said the two leaders had exchanged views "in-depth" and reached "important common understanding" on issues of shared concerns that he said added "new substance" to relations between their countries, according to the report by the Korean Central News Agency. Describing the relationship a

Hana Financial launches W1b support program for wounded troops

Hana Financial Group said Tuesday it has signed a memorandum of understanding with the Ministry of National Defense to launch a support program for wounded service members, bereaved military families and troops serving in remote areas. Marking National Veterans Month in June, the financial group will provide about 1 billion won ($659,000) in annual support under the "Hero with Hana" initiative to nearly 300 service members and their families. The agreement was signed at the Defense Ministry head

Trump Anticipates Reaching Peace Agreement with Iran 'Over the Next Week'

[International] : U.S. President Donald Trump has anticipated striking an agreement with Iran over the next week on a memorandum of understanding(MOU) to end their monthslong war. In a phone interview with ABC News on Monday, Trump said he expected the MOU to extend an existing ceasefire and reopen the Strait of Hormuz to be ... [more...]

The Korea Herald

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정치

Togo's foreign minister urges balanced view of Africa, cites Korea as development model

Togolese Foreign Minister Robert Dussey called for a more balanced understanding of Africa and highlighted South Korea's development experience as a model for the continent during a special lecture at a university here on Friday. The morning lecture, hosted by the Korea-Africa Foundation and Hankuk University of Foreign Studies' Department of African Studies, was held at the university's Global Campus in Yongin, Gyeonggi Province, on the sidelines of the 2026 Korea-Africa Foreign Ministers' Meet

Axios: US, Iran Reach Deal That Needs Trump’s Final Approval

[International] : The United States and Iran have reportedly reached an agreement on a memorandum ⁠of understanding to extend their ceasefire for 60 days and launch negotiations on Iran’s nuclear program. American news website Axios on Thursday reported on the deal, citing two U.S. officials and a regional ... [more...]

The Korea Herald

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정치

Seoul shares open strong on eased Middle East tensions

South Korean stocks opened sharply higher Friday following reports that the United States and Iran have reached an agreement to extend the current ceasefire. The benchmark Korea Composite Stock Price Index added 217 points, or 2.65 percent, to 8,402.29 in the first 15 minutes of trading. The index fell 0.53 percent Thursday after closing over the 8,200-point level two days prior. Investors were boosted by overnight reports that Washington and Tehran had agreed to a memorandum of understanding to

Korean Air joins RMHC, Inha Hospital for pediatric family care facility

Korean Air said Thursday it had signed a memorandum of understanding with Ronald McDonald House Charities Korea and Inha University Hospital to establish and operate a Ronald McDonald House adjacent to the hospital, located in Incheon. The agreement was signed during Inha University Hospital’s 30th anniversary ceremony held at the Grand Hyatt Incheon. Under the agreement, Korean Air will provide the site for the facility, while RMHC Korea will oversee construction and operations. Inha University

Lee vows efforts to foster shipping, port industries as strategic sectors

President Lee Jae Myung on Wednesday pledged to foster shipping and port industries as national strategic sectors in an effort to establish unhindered maritime supply routes. Lee unveiled the plan in a speech at a ceremony in Busan marking the country's Day of Seas, which falls on Sunday, reaffirming the government's plan to establish a global maritime hub in the city and surrounding areas. "Under the understanding that the shipping industry is not merely a logistics sector but a core industry b

KBS World (English)

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정치

Iran Confirms Progress in Talks with US; Agreement Not Imminent

[International] : Iran says it has made progress in the negotiations for a memorandum of understanding to end the war with the U.S., but that an agreement is “not imminent.” Iranian foreign ministry spokesperson Esmaeil Baghaei said in a briefing on Monday that the two sides made progress “on a large portion of the ... [more...]

The Korea Herald

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산업/기업

Herald CEO invokes Ubuntu in call for stronger Korea-Africa ties

Herald Media Group CEO Choi Jin-young called for closer cooperation between South Korea and African countries during his welcoming address at Africa Day 2026, citing the spirit of Ubuntu. The southern African concept stresses shared humanity, mutual understanding and interconnectedness. The event was jointly hosted by The Korea Herald, the Korea-Africa Foundation and the African Group of Ambassadors in Korea on Wednesday at Grand Hyatt Seoul. It was attended by Foreign Minister Cho Hyun, delegat

Peace and development central to Korea-Africa future: African envoys’ dean

Peace, development and shared responsibility are the three keys to understanding the continent of Africa, Moroccan Ambassador to Korea Chafik Rachadi said at the Africa Day 2026 event in Seoul on Wednesday. In his speech, Rachadi, who also serves as dean of the Diplomatic Corps and the African Group of Ambassadors, said that Africa should no longer be seen merely through the lens of culture or aid, but as an emerging global partner driving innovation, growth and transformation. “The first key, p

KBS World (English)

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정치

Washington Post: US, Iran Framework Deal Includes Strait of Hormuz Reopening within 30 Days

[International] : The United States and Iran have developed a memorandum of understanding framework that would extend the current ceasefire by 60 days, with the Strait of Hormuz to be demined and reopened as part of the deal, the Washington Post reported Sunday. Under the latest proposal, which is awaiting Iranian ... [more...]

[Africa Day 2026] The Korea Herald marks three years of Africa Day events

The Korea Herald has hosted events to mark Africa Day on May 25 since 2024, bringing together African diplomats, Korean government officials and business leaders to strengthen ties through diplomacy, business and cultural exchange. Over the past three years, the event has evolved into a platform aimed at expanding cooperation and understanding between Korea and African nations. The first event was organized ahead of the inaugural Korea-Africa Summit, and focused on exploring opportunities for ec

Daming Tongxing Baochao

The Daming Tongxing Baochao is a paper note that was circulated in Ming China during the fourteenth century, and is known to have been the world's largest banknote. Issued during the Hongwu period (1328 – 1398), this particular banknote contains the inscription “Daming Tongxing Baochao” (大明通行寶鈔) written in regular script at the top of its front face, and eight characters, “Daming Baochao Tianxia Tongxing” (大明寶鈔天下通行) written in seal script on the upper part of both faces. The center of the note shows the denomination of 1 gwan, with a design of ten bunches of coins placed directly beneath it to help illiterate users understand the function and value of the note. The lower part of the note contains a warning to the effect that anyone who forged this note would be subject to severe punishment.

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