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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Assembly to review disputed appointment of national soccer team coach
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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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New Fifty Fifty off to strong start
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Arrival of fall calls for more outdoor festivals
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Evicted guest burns down inn; 3 killed
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[Herald Interview] US election may unleash growth for Korea: Laffer
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Yoon's Prague visit sets stage for W24tr nuclear power plant deal
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LIG Nex1 to establish cybersecurity research center
LIG Nex1 Co, a South Korean aerospace manufacturer and defense company, plans to establish a joint research center with a top university to develop core technology for cyber warfare, the company said on Tuesday. LIG Nex1 signed an agreement with Korea University on Tuesday to launch the Cyber War Technology Joint Research Center, which will combine the 40-year-old defense company’s technology and experience with Korean University’s research capability. LIG Nex1 CEO Lee Hyo-koo (LIG Nex1)“Cyberat
IndustryAug. 30, 2016
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Hana Financial Investment issues new high-yield RP
Korea’s Hana Financial Investment is seeking to attract new customers and activate idle money by issuing a high-yield repurchase agreement, or RP, the firm said Tuesday. The RP product, which consists of securities with an annual interest rate of 3 percent before tax, is valid until March 30, 2017. The suggested interest rate is higher than the central bank’s 1.25 percent base rate, the company said. A model promotes a repurchase agreement with 3 percent interest rate issued by Hana Financial In
IndustryAug. 30, 2016
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Can S. Korea ‘legally’ have a nuclear-powered submarine?
As increasing numbers of pundits and politicians here call for a nuclear-powered submarine to negate North Korea’s ballistic missile threats, some are questioning whether or not international treaties would allow Seoul’s use of nuclear technology for military use.Although South Korea is a member state of the Treaty on the Non-Proliferation of Nuclear Weapons, the NPT does not appear to specifically restrict development of nuclear-powered submarines.The NPT, which entered into force in 1970, seek
DefenseAug. 30, 2016
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Teen mothers neglected in prenatal care: study
South Korea’s pregnant teenagers do not receive enough medical attention and are three times more likely to have premature babies than mothers in other age groups, partly because of stigmatization against teenage pregnancies and unwed motherhood, a study showed Tuesday.The study, compiled by a team of physicians at the SMG-SNU Boramae Medical Center in Seoul, analyzed government data on 463,847 women who have experienced either miscarriages or childbirths in 2010. According to their research fin
Social AffairsAug. 30, 2016
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[Reporter’s Column] Seoul’s turn to console ‘comfort women’
On Monday afternoon, hundreds of people gathered at Namsan Park in central Seoul to mark the introduction of a memorial for the victims of Japan’s sexual enslavement during its 1910-45 colonial rule. The establishment of the “Site of Memory” was funded by nearly 20,000 ordinary Koreans and steered by a civilian committee with the support of Seoul City. The 1,000-square-meter venue was once the home of the Japanese resident-general of Korea. It was exactly 106 years ago that day that Japan unila
Foreign AffairsAug. 30, 2016
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Number of school students continues to fall
The overall number of students in South Korea decreased amid the continuing low birthrate, while the number of students from multicultural families hit a record high this year, government data showed Tuesday. According to statistics released annually by the Education Ministry in August, the number of students in nationwide preschool, elementary, middle and high schools reached 6.63 million as of April 1, down 2.7 percent from the previous year. The number of middle school students saw the bigges
Social AffairsAug. 30, 2016
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Galleria Department Store celebrates anniversary with discounts
Galleria Department Store celebrates anniversary with discountsHanwha Group’s retail unit Hanwha Galleria is celebrating the 37th anniversary of its first department store opening, providing various promotional events until Oct. 1, the company said.Hanwha Galleria opened its very first Galleria Department Store in September 1979 in Apgujeong, southern Seoul, known as one of country’s most luxurious and affluent neighborhoods.With Wtih the event Family Party underway, customers can receive a 5 pe
IndustryAug. 30, 2016
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Tax agency probes PMI, BAT
Korean tax authorities have begun an intensive special tax investigation into two foreign tobacco manufacturers for evading taxes on cigarettes produced before last year‘s tax hike, but sold after the raise, industry watchers said.For the past few months, the National Tax Service has been looking into the excess profits that Philip Morris International and British American Tobacco gained by selling cigarettes produced before 2015 but sold after the government imposed an excise tax hike that rais
IndustryAug. 30, 2016
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Lee Byung-hun to attend Toronto International Film Festival
Korean actor Lee Byung-hun is set to attend the 41st annual Toronto International Film Festival for the screening of his upcoming Hollywood film “The Magnificent Seven,” according to his management company BH Entertainment on Tuesday. Starring Lee and American actors Denzel Washington, Chris Pratt and Ethan Hawke, the Western action film -- a remake of the 1960 movie of the same name -- follows seven mercenaries as they fight to protect a village from cold-blooded thieves. Taking place from Sept
FilmAug. 30, 2016
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Ga-in returns as solo artist
Son Ga-in of K-pop girl group Brown Eyed Girls is returning as a solo artist with a new album. To gear up for her return to the spotlight, the performing artist, better known simply as Ga-in, began unveiling teaser images on her official social media channels this week. The upcoming release will be made in two segments. It will be Ga-in’s first full-length studio album since her debut as a solo artist with “Step 2/4” in 2010. The 28-year-old’s most recent mini-album “Hawwah,” released last Mar
PerformanceAug. 30, 2016
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[Editorial] Hydrogen vehicles
The government and a group of automobile and energy companies have teamed up to promote hydrogen-powered vehicles. They launched the Hydrogen Fusion Alliance last week to make more effort in putting more hydrogen vehicles on the road and building the infrastructure needed.Leading the alliance is the Ministry of Trade, Industry and Energy, which seeks to foster the budding hydrogen auto industry into a future growth engine. The ministries of energy and transport are also participating in the vent
EditorialAug. 30, 2016
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[Editorial] No more gridlock
The 20th National Assembly is to open its first 100-day regular session Thursday. Before the session opens, it seems appropriate to remind legislators of the message that Korean voters delivered to political parties through the April general election.The election replaced a two-party system that caused frequent disruptions of the National Assembly with a three-party system in which no single party controls a majority of parliamentary seats. The unmistakable message was that political parties s
EditorialAug. 30, 2016