Most Popular
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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Middle East’s big AI push lures Korean tech firms
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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[Exclusive] Democratic Party of Korea forms US election task force
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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[Grace Kao] NewJeans fights Hybe for their survival
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NK nuclear test 'possible' around US election in Nov., says Yoon aide
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[News Focus] Ex-Moon aide slammed from both sides over remarks on leaving Koreas divided
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What will Yoon, Han talk about at dinner?
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People's Party moving towards more lenient stance on THAAD following nuke test
South Korea's minor opposition People's Party is moving towards a more lenient stance in regards to the deployment of an advanced US missile defense system in the country, political pundits said Monday.The move apparently comes as Pyongyang's fifth nuclear test conducted earlier this month is causing the general public to lose patience with North Korea. There has been a rise in the number of people calling for greater protection against the North's nuclear and missile threats.Besides detonating
DefenseSept. 19, 2016
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Daewoo Shipbuilding unit wins $120 mln deal from US shipyard
Major shipyard Daewoo Shipbuilding & Marine Engineering Co. said Monday that its unit has won a $120 million deal from a US shipyard to design two ships and supply materials. Under the deal with NASSCO, a unit of General Dynamics, the Daewoo Ship Engineering Company, a wholly owned subsidiary of DSME, will design two container ships that can also house automobiles.The vessels, 265 meters long and 35 meters wide each, will be able to carry 3,250 container boxes and 525 autos.The ships will be del
IndustrySept. 19, 2016
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Korea Kolmar buys US cosmetics manufacturer for 17 bln won
Korea Kolmar Co., South Korea's original development manufacturing cosmetics manufacturer, said Monday it has bought a US-based cosmetics maker to pave the way for entering the North American market. In a regulatory briefing, Kolmar said it has established a special purpose company, named Seokoh, to acquire a 51 percent stake in Process Technologies & Packaging LLC for 17 billion won ($15.1 million).Established in 1993, the Pennsylvania-based PTP has provided cosmetics for global brands includi
IndustrySept. 19, 2016
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Samsung begins Galaxy Note 7 replacement in Korea
Samsung Electronics Co. on Monday initiated its replacement program for Galaxy Note 7 phablets in South Korea in collaboration with local mobile carriers as part of its global recall of the new smartphones, industry officials said.Customers of the nation's three mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp -- began exchanging their Galaxy Note 7s for new ones at outlets across the country after receiving mobile notifications from the carriers, said the officials.Old Galaxy Note
TechnologySept. 19, 2016
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Turnover rate of deposits hits 11-year low
The turnover rate of deposits in South Korea hit a record low in more than 11 years in July, central bank data showed Monday, in the latest indication that money circulation is clogged.The deposit turnover rate for July recorded 20.3, the lowest since February 2005 when it stood at 18.1, according to the Bank of Korea.The rate is calculated monthly based on the amount of withdrawals and the average account balance. Less turnover means fewer withdrawals, signaling that people are holding on to th
Sept. 19, 2016
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Market for convenience store lunch boxes shows exceptional growth
Sales of boxed lunches at convenience stores are increasing at a record pace with demand growing from demographic shifts and a broadening age group of consumers, industry data showed Monday.CU said its sales of lunch boxes increased 2.98 times as of the end of August compared with the same period last year. The jump follows a 65.8 percent increase in 2015 for the year. Helping the sales is the retail chain's collaboration with popular chef Baek Jong-won, who selected the dishes that go into the
IndustrySept. 19, 2016
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[Robert Park] Unification of Koreas solution to North Korea’s nuclear threat
North Korea’s second nuclear weapons test this year -- the rogue regime’s fifth and most powerful to date as well as Kim Jong-un’s third since his 2011 assumption of power -- has caused pervasive worldwide alarm, principally due to the growing plausibility that Pyongyang may soon be capable of mounting a nuclear warhead upon an intercontinental ballistic missile that could reach, among other targets, the United States mainland. Stanford nuclear scientist Siegfried Hecker estimates North Korea ha
ViewpointsSept. 19, 2016
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Price of tap water to rise 4.8% this week
The price of water supplied by public utility companies will be hiked by an average 4.8 percent later this week, to cover growing costs, the government said Monday.The price of tap water used by households will be increased to 323.6 won ($0.29) per ton, up 14.8 won from the current 308.8 won, according to the Ministry of Land, Infrastructure and Transport.The increase will mark the first of its kind since January 2013 but only the second in 10 years."Over the past 10 years, consumer prices have
IndustrySept. 19, 2016
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Korea to give incentives for energy storage system
The South Korean government will provide incentives to encourage solar power plant operators to set up bulk energy storage facilities as part of its efforts to foster the local renewable energy market, the trade ministry here said Monday.Those who install the energy storage system at their solar power plants will be given additional points on assessment of their renewable energy certificates starting next year, according to the Ministry of Trade, Industry and Energy.The REC-tagged electricity is
IndustrySept. 19, 2016
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Main opposition says Korea's nuke armament 'populist'
South Korea's main opposition Minjoo Party of Korea said Monday the rising voice among hawkish lawmakers that Seoul should develop its own nukes is a mere "populist" move, adding it would conflict with United Nations' resolutions."Discussing South Korea's nuke armament thoughtlessly is a mere populist move against Pyongyang's nuclear tests," Rep. Woo Sang-ho, the floor leader of the opposition party, said.Rep. Woo Sang-ho, the floor leader of the Minjoo Party of Korea (Yonhap)Woo added the devel
DefenseSept. 19, 2016