Most Popular
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Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
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[KH Explains] Can smart chargers ease tensions over EV fires?
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1 in 5 households to have breadwinner over 80 in 30 years
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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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[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama
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Arrival of fall calls for more outdoor festivals
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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New Fifty Fifty off to strong start
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Assembly to review disputed appointment of national soccer team coach
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Opposition head to visit former President Chun
Choo Mi-ae, newly elected head of the main opposition Minjoo Party of Korea, is set to pay a visit to former President Chun Doo-hwan next week, political sources said Thursday, a move seen as her ongoing efforts to expand the support base of the liberal camp ahead of next year's presidential race.A close aide to Choo said the visit aims to "bring the different public voices together." It will mark the first time since 2003 that the head of the liberal-leaning political party will visit Chun.Form
PoliticsSept. 8, 2016
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DRAM prices show signs of rebound in recent months
The spot prices of computer memory chips have showed signs of a rebound in recent months, a development that will help chipmakers, such as Samsung Electronics Co. and SK hynix Inc., improve their earnings, according to industry data on Thursday. The spot price of DDR3 4Gb chips rose 2.99 percent on month in August and 7.2 percent in July, according to the DRAMeXchange. It marked a price rise for two consecutive months for the first time in 31 months. Prices for DDR3 and DDR4 4Gb modules also ga
TechnologySept. 8, 2016
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Korea wins WTO case against US punitive duties on washing machines
South Korea has finally won its case against the United States' antidumping duties imposed on South Korean washing machines, the government said Thursday.The World Trade Organization's dispute settlement panel delivered its final report on the case to members on Wednesday, and the report maintained all key points of an earlier ruling that found the US in violation of the antidumping agreement, according to officials from the Ministry of Trade, Industry and Energy.They said the report will likely
IndustrySept. 8, 2016
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Baseball commentator found dead in apparent suicide amid fraud allegations
A South Korean baseball commentator was found dead Thursday, police said, in an apparent suicide that occurred a few months after he was indicted over allegations of fraud.Police said an employee found the body of Ha Il-sung, 67, hanging in his office in Songpa Ward, eastern Seoul, at around 8 a.m.A suicide note has not been found yet. In July, the Busan District Prosecutors' Office indicted Ha on charges of receiving 50 million won ($45,800) from an acquaintance in April 2014 without the intent
BaseballSept. 8, 2016
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Korean firms rush to sell debts ahead of US rate hike
Some South Korean companies with relatively high credit ratings are hurrying to raise capital in the debt market amid growing speculation that the US Federal Reserve may lift its benchmark interest rate soon, market watchers said Thursday.The move is also attributable to growing worries that the corporate bond market may be strained suddenly by the impact of a corporate revamp drive, they added.There was not a single A-rated corporate bond offering here in August. This month, however, SK Incheon
Sept. 8, 2016
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PM vows to induce Pyongyang to give up nuke
Prime Minister Hwang Kyo-ahn said Thursday Seoul and the international community will continue to impose sanctions on Pyongyang to make the communist regime give up its nuclear weapons."North Korea is focused on developing nuclear weapons, and has been ignoring the international norm for non-proliferations and safety," Hwang said during at the Seoul Defense Dialogue."Even recently, Pyongyang fired submarine-launched ballistic missiles, making reckless provocations," the top policymaker said. (Yo
North KoreaSept. 8, 2016
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Report shows corporate tax burden falling while rising for personal income
The tax burden rate for the corporate community has continuously fallen throughout the two previous and current administrations while the tax load on personal income has risen, a parliamentary report showed Thursday, with a suggestion that there was room for a tax hike.Such conclusions were drawn as the opposition camp, who wields the majority in the National Assembly, is pressing for a tax increase. The government has stayed the rate for corporate, income and value-added taxes for next year.The
Sept. 8, 2016
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Three companies selected for fast-track corporate restructuring
Three South Korean companies received government approval on Thursday to become the first beneficiaries of the newly established law aimed at facilitating voluntary corporate restructuring, the trade ministry here said.The Special Act on the Corporate Revitalization, dubbed the "one-shot act," came into effect in early August to help businesses carry out an intra-corporate merger and spin-off through simplified procedures including exemptions from the strict antitrust laws and financial market r
IndustrySept. 8, 2016
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Stocks open higher on eased Fed rate hike woes
South Korean stocks opened higher on Thursday on speculation that an interest rate hike in the US may be delayed.The benchmark Korea Composite Stock Price Index rose 7.4 points, or 0.36 percent, to 2,069.28 in the first 15 minutes of trading. US stocks closed mixed on Wednesday, with the tech-laden Nasdaq Composite reaching a new record high, while the Dow Jones industrial average edged down. Most large caps traded mixed with market kingpin Samsung Electronics rising 0.49 percent.Top automaker
Sept. 8, 2016
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E-Mart to invest $200 million in Ho Chi Minh City
E-Mart Co., South Korea's largest discount chain, on Thursday said it will sign an agreement with Ho Chi Minh City to invest $200 million in the area that serves as the country's commercial hub.The memorandum of understanding, to be sealed on Friday, establishes a strategic partnership between the two parties to build giant retailers, supermarkets and various other types of commercial facilities in the Vietnamese city, E-Mart officials said. Investment money will also go to local social developm
IndustrySept. 8, 2016
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Korea coach says team must win out at home to qualify for World Cup
After taking just one of their first two matches in the Asian World Cup qualification, South Korea must win out at home to have a chance to play in the big tournament, their coach said Thursday.Uli Stielike returned home from Malaysia, where South Korea only managed a scoreless draw with Syria, a heavy underdog ranked outside the top 100. South Korea had earlier beat China 3-2 at home, and now have four points to sit in third place in Group A of the final Asian qualifying round for the 2018 FIFA
SoccerSept. 8, 2016
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Park to attend East Asia Summit
President Park Geun-hye will attend a regional strategic forum in the Laotian capital of Vientiane on Thursday to tighten international cooperation in halting North Korea's evolving nuclear and missile programs.During the annual East Asia Summit, Park is expected to highlight the seriousness of Pyongyang's escalating military threats and the need for stronger global unity to pressure the communist regime into renouncing its nuclear ambitions.The forum comes after Pyongyang launched three mid-ran
Foreign AffairsSept. 8, 2016