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[Jim Nowlan]Dark money in US elections

American political party organizations have imploded in the post-World War II era, largely replaced by dark money from unknown donors. The party vacuum is ominous for a healthy democracy, because voters are left without stable cues about how to vote. There are options that could — it won’t be easy — strengthen parties and diminish the impact of dark money. The traditional political party has four roles: establish and promote a platform; recruit candidates to seek election on that platform; condu

The Korea Herald

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[Kim Seong-kon]What are we actually voting for?

In a democracy, people vote to make a difference. Indeed, voters can decide whether their government deserves to be reelected or replaced. Without an electoral system, incompetent or even tyrannical leaders could remain in power indefinitely. Therefore, voting is a prerequisite for any democratic country. Naturally, politicians are uneasy about elections. As election day approaches, many politicians become anxious and restless because they may either be reelected or voted out of office, dependin

The Korea Herald

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Pro-Trump candidate takes lead in Colombia's presidential race with promise of crime crackdown

Bombastic pro-Trump lawyer Aberaldo de la Espriella pulled ahead as a leader in Colombia’s race for the presidency in the first round of elections over the weekend, capitalizing on a growing appetite for heavy-handed crackdowns on criminal groups across Latin America. But the second-place finisher, progressive senator Ivan Cepeda, and his ally President Gustavo Petro questioned the results of the election Sunday night without providing evidence. De la Espriella rapidly gained traction in the lea

The Korea Herald

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No sleep for some candidates on campaign trail

As the local and parliamentary by-elections draw near, candidates are going all out to appeal to voters, with a handful choosing so-called "sleepless" campaign appearances. Some candidates have announced that they will hit the campaign trail without sleep for multiple days, while others have said they will not go home until election day. The latest to do so was Lee Kwang-jae, the ruling Democratic Party of Korea's candidate for the parliamentary by-election in Hanam-A constituency in Gyeonggi Pr

The Korea Herald

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Woori Bank bets on SME succession as new growth pillar

Woori Bank is pushing into corporate succession for small and medium-sized companies as a new banking frontier, casting it as an economic issue tied to jobs, technology and supply chain stability as Korea's first-generation founders age without clear successors. At a press conference Monday in Seoul, CEO Jung Jin-wan said the bank would support what it calls "productive corporate succession" to prevent viable companies from closing or downsizing. "Corporate succession is not just a priority for

The Korea Herald

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Le Sserafim’s 2nd LP hits Billboard 200 at No. 10

Le Sserafim’s second LP debuted on Billboard 200 at No. 10, according to the chart preview published on Sunday in the US. “Pureflow pt. 1” is the group’s fifth consecutive album to make it among the top 10 on the main albums chart, a first for a fourth-generation K-pop girl group. The streak began with the LP “Unforgiven” (No. 6) and was carried on through the third to fifth EPs: “Easy” (No. 8), “Crazy” (No. 7) and “Hot” (No. 9). The group is promoting the new set without Kim Chaewon, who has su

KBS World (English)

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White House: Trump to Only Make Peace Deal Good for America, Satisfying Redlines

[International] : The White House says U.S. President Donald Trump will only make a peace deal with Iran that is good for America and satisfies his redlines. The statement came after a situation room meeting with his top aides to finalize a framework for extending the ceasefire ended without any details being ... [more...]

KBS World (English)

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Number of Late 20s ‘Taking a Break’ from Work Jumps to Highest in 6 Years

[Economy] : The number of young people in their late 20s who took a break without looking for a job has increased by more than 30-thousand, the largest number in six years. According to data by the Korean Statistical Information Service(KOSIS) on Thursday, the number of economically inactive people aged between 25 ... [more...]

The Korea Herald

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S. Korea to simplify passport reissuance process from June

South Korea’s Foreign Ministry will simplify the passport reissuance process starting next month, allowing applicants to request a new passport in person without bringing their existing passport, even if it is still valid. The ministry said Thursday that from June 1, South Koreans applying for passport reissuance before their current passport expires will no longer be required to present their existing passport. Until now, applicants seeking to reissue a passport with remaining validity had to b

The Korea Herald

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Indonesian group tourists to get visa-free entry to Korea starting Thursday

The Ministry of Justice said Wednesday it will allow Indonesian tour groups to enter Korea without a visa from Thursday until the end of December, as part of efforts to boost inbound tourism. Under the new program, groups of three or more Indonesian tourists organized by designated travel agencies will be allowed to stay in Korea visa-free for up to 15 days. The ministry said the measure was discussed at the National Tourism Strategy Meeting in February and finalized after consultations with the

The Korea Herald

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New Danish chamber sees shared industrial future with Korea

Until recently, Denmark was one of the few European countries without its own chamber of commerce in Seoul. That changed Tuesday with the launch of the Danish Chamber of Commerce in Korea, a move inaugural chairman Jan Benggaard sees as reflecting deepening economic ties and growing business opportunities between the two countries. The chamber launches with 34 member companies, including Maersk, Novo Nordisk, CS Wind and Lego, as Korean industrial capabilities gain importance in Danish companies

The Korea Herald

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Singapore foreign minister in North Korea on rare trip to two Koreas

Singaporean Foreign Minister Vivian Balakrishnan ‌met his North Korean counterpart Choe Son-hui on Tuesday in Pyongyang ‌and discussed strengthening bilateral ties, KCNA state news agency said on Wednesday. Balakrishnan and Choe ⁠also exchanged views on regional and global affairs, KCNA said without elaborating. Balakrishnan is expected ⁠to visit South Korea following his stop in the North, a rare trip to both Koreas ‌by a Singaporean envoy. Balakrishnan was a member ‌of ‌cabinet in Singapore w

The Korea Herald

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IT/기술

Samsung bonuses, cheap loans stoke chip-belt housing boom

Samsung Electronics’ new compensation package for chip employees is raising expectations that fresh liquidity could further boost apartment prices across South Korea’s semiconductor corridor. The company and its labor union agreed on May 20 to introduce a low-interest housing loan program for employees, alongside a revamped performance bonus scheme tied to semiconductor profits. Under the housing program, employees without homes will be able to borrow up to 500 million won ($370,000) for home pu

The Korea Herald

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[팟캐스트] (794) 두아 리파 220억원 소송에…삼성 "사진 무단사용 아냐"

진행자: 홍유, Tannith Samsung says Dua Lipa TV box image was authorized 기사요약: 삼성전자가 미국에서 판매된 TV 포장에 영국 팝스타 두아 리파의 사진을 무단 사용했다며 제기된 1,500만달러 규모 소송과 관련해, 콘텐츠 제공 파트너를 통해 사용 권한을 확인한 뒤 해당 이미지를 사용한 것이라 반박했다. [1] Samsung Electronics on Tuesday denied claims that it used a photo of British pop star Dua Lipa without permission, saying the image had been cleared for use through a content partner before it appeared on TV packaging in the US. be cleared for: ~에 대한 승인(허가)을 받다, 사용이 허가되다 [2] The statement came afte

KBS World (English)

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문화/연예

Mungiu's 'Fjord' Wins Palme d'Or at Cannes, S. Korea's 'Hope' Misses Out

[Culture] : Romanian director Cristian Mungiu's film "Fjord" won the Palme d'Or at the 79th Cannes Film Festival, while South Korean director Na Hong-jin's "Hope" left without an award. "Fjord" was announced as the top prize winner during the closing ceremony Saturday at the Grand Théâtre Lumière in ... [more...]

KBS World (English)

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UN Nuclear Treaty Review Conference Again Fails to Adopt Consensus Document

[International] : The 11th Review Conference of the Nuclear Non-Proliferation Treaty, or NPT, ended Friday at U.N. headquarters in New York without adopting a final consensus document. Member states failed to bridge differences over regional nuclear issues involving North Korea and Iran, as well as nuclear disarmament ... [more...]

The Korea Herald

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SpaceX carries out mostly successful Starship test flight

SpaceX's Starship spacecraft splashed down into the Indian Ocean Friday after the company performed a mostly successful test flight of the latest version of its enormous rocket. The voyage was not without a few glitches, but SpaceX employees shown on a livestream roared in delight following the trial flight that comes as the firm owned by Elon Musk prepares a potentially record initial public offering. The mammoth rocket blasted off into space at just after 5:30 p.m. local time. The company did

The Korea Herald

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Seoul education chief candidates clash over student rights ordinance

Candidates for Seoul education superintendent clashed over the city’s student rights ordinance in Friday's televised debate, ahead of the June 3 local elections. Conservative candidate Cho Chun-hyuk pledged to scrap what he said was "one-sided" ordinance, while liberal candidates, including incumbent Seoul education superintendent Jung Geun-sik, defended the Seoul Metropolitan Office's decision to protect it. Cho said it places too much emphasis on students’ rights without sufficiently addressin

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Fourth-design 100-hwan Note

With the launch of the new government after the April 19 revolution in 1960, Bank of Korea issued a newly designed banknote as an embodiment of building a new economic order. The third-design 1,000-hwan note was issued in 1960, the third-design 500-hwan note in 1961, and the fourth-design 100-hwan note in 1962. As part of the First Five-year Economic Development Plan, this 100-hwan note accepted the design theme of a mother and her son holding a bankbook to encourage saving and a sense of thrift. Both the front and back of the note featured pure Korean letters without using Chinese characters. However, this note took out of circulation in only 20 days due to the currency reform on June 10, 1962, being the shortest-lived currency since Bank of Korea started to issue banknotes.

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타임라인 키워드

[Jim Nowlan]Dark money in US elections

[Kim Seong-kon]What are we actually voting for?

Pro-Trump candidate takes lead in Colombia's presidential race with promise of crime crackdown

No sleep for some candidates on campaign trail

Woori Bank bets on SME succession as new growth pillar

Le Sserafim’s 2nd LP hits Billboard 200 at No. 10

White House: Trump to Only Make Peace Deal Good for America, Satisfying Redlines

Number of Late 20s ‘Taking a Break’ from Work Jumps to Highest in 6 Years

S. Korea to simplify passport reissuance process from June

Indonesian group tourists to get visa-free entry to Korea starting Thursday

New Danish chamber sees shared industrial future with Korea

Singapore foreign minister in North Korea on rare trip to two Koreas

Samsung bonuses, cheap loans stoke chip-belt housing boom

[팟캐스트] (794) 두아 리파 220억원 소송에…삼성 "사진 무단사용 아냐"

Mungiu's 'Fjord' Wins Palme d'Or at Cannes, S. Korea's 'Hope' Misses Out

UN Nuclear Treaty Review Conference Again Fails to Adopt Consensus Document

SpaceX carries out mostly successful Starship test flight

Seoul education chief candidates clash over student rights ordinance

Fourth-design 100-hwan Note