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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Assembly to review disputed appointment of national soccer team coach
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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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Creditors to start sale process for Kumho Tire in Sept.
Creditors of Kumho Tire Co. are poised to begin the sale process for South Korea's second-largest tire maker next month with the aim of picking a prime bidder during the first half of 2017, sources said Tuesday.Kumho Tire graduated from a debt workout program in late 2014, five years after it was placed under creditor oversight because its parent Kumho Asiana Group suffered a severe liquidity crunch from the purchase of Daewoo Engineering and Construction Co. Nine creditors hold a combined 42.1
IndustryAug. 30, 2016
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Global sales of Dongbu Daewoo's localized microwave ovens hit 1.5 mln
Dongbu Daewoo Electronics Corp., a South Korean consumer electronics maker, said Tuesday that global sales of its localized microwave ovens exceeded 1.5 million units over seven years. Since 2009, Dongbu Daewoo has introduced microwave ovens with pre-programmed features that were influenced by local recipes and touch, as part of its efforts to better break into overseas markets. Such microwave ovens included "Chef Mexicano" for Mexico and air fryer ovens for Ayam Goreng for Indonesia. For exampl
IndustryAug. 30, 2016
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Corporate bond issuance falls on economic uncertainties
South Korean firms continued to reduce equity and bond issuance in July, government data showed Tuesday, amid lingering uncertainties over business conditions at home and abroad.The value of stocks and bonds issued during the month totaled 10.87 trillion won ($9.6 billion), down 7.8 percent from June, according to the Financial Supervisory Service. Equity and debt issuance fell by 38.1 percent and 4.9 percent, respectively."In general, local companies seem to be reluctant to make new investments
Aug. 30, 2016
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Korean Peninsula tensions key topic for Obama's talks with Xi: White House
Tensions on the Korean Peninsula will be a key topic for US President Barack Obama's upcoming talks with Chinese President Xi Jinping, the White House said Monday.Obama is scheduled to visit China later this week for a summit with Xi and a summit of the Group of 20 nations.The trip comes after the North ratcheted up tensions with a successful submarine-launched ballistic missile test that demonstrated the communist nation is making fast progress in its SLBM development.The Obama-Xi summit, set f
InternationalAug. 30, 2016
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Forging legally binding UN deal banning nuclear weapons 'unrealistic': US official
A recent UN panel's proposal to launch negotiations to ban nuclear weapons is "unrealistic" as it fails to take the international security environment into consideration, a State Department nonproliferation official said Monday.Earlier this month, the UN panel -- the Open Ended Working Group on nuclear disarmament -- voted to adopt its final report calling for the UN General Assembly to launch negotiations to forge a legally binding instrument to ban nuclear weapons.The US and other nuclear stat
DefenseAug. 30, 2016
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Two THAAD batteries necessary for S. Korea to better defend against NK SLBMs: US expert
At least two THAAD batteries are necessary for South Korea to better defend against North Korea's submarine launched ballistic missiles as a single unit can't cover all of the North's seas, a US arms expert said Monday.Increasing THAAD batteries, however, doesn't guarantee full defense against the North's SLBMs because it's questionable whether THAAD is capable of intercepting missiles that are launched at high angles and involve atmospheric reentry, said Jeffrey Lewis, director of the East Asia
DefenseAug. 30, 2016
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Over 90% of industrial accident victims from subcontractors: report
More than nine out of every 10 victims of industrial accidents came from subcontractors last year, a lawmaker said Monday, suggesting that workers from smaller firms are exposed to more dangers than their peers from large contracting companies.Over the past five years, the country's top 30 businesses reported 209 industrial accidents at their workplaces, killing a total of 245 workers, according to Rep. Moon Jin-kook of the ruling Saenuri Party.However, out of those killed, only 33, or 13.5 perc
Social AffairsAug. 30, 2016
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Gov't to maintain initial price ceilings for anti-graft law
The South Korean government said Monday it has decided to maintain the existing price ceiling for the controversial anti-graft law that will go into effect in late September, despite rising concerns that the new policy will weigh down spending in certain industries.The remark came as the anti-graft law aims to limit the price of gifts exchanged among public officials, journalists and private school faculty at 50,000 won ($44.50). This will effectively ban them from receiving pricey agricultural
Social AffairsAug. 29, 2016
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2 U.S. figure skaters apply for S. Korean citizenship ahead of PyeongChang Winter Games
Two American figure skaters have applied for South Korean citizenship with an eye on competing at the 2018 Winter Olympics here, officials said Monday.The Korea Skating Union said Alexander Gamelin, an ice dance partner for South Korean Min Yu-ra, and Themistocles Lefttheris, a pairs partner for South Korea's Ji Min-ji, have submitted their applications for fast-track naturalization to the Korean Olympic Committee.The two teams have been skating together at the International Skating Union events
Olympic GamesAug. 29, 2016
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China says UNSC statement on N. Korea comprehensive and balanced
A recent United Nations Security Council statement condemning North Korea's provocations is balanced and comprehensive, the Chinese foreign ministry's spokesperson said Monday, urging against any tension-escalating actions."Signals the UNSC has sent out are comprehensive and balanced," Chinese foreign ministry spokeswoman Hua Chunying said in a regular briefing, referring to the U.N. council's recent press statement. The Chinese reaction followed the UNSC's statement unanimously approved by its
North KoreaAug. 29, 2016
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Aide probe inspector quits over alleged leak
Special inspector Lee Seok-su, who had been tasked with investigating a scandal-marred senior presidential aide, offered to resign Monday amid a widening probe into his alleged information leak. A special team of prosecutors probing allegations surrounding senior presidential secretary Woo Byung-woo leaves after searching the office of a company headed by Woo’s wife in Seocho-gu, southern Seoul. (Yonhap)Lee, part of a probe involving civil affairs presidential secretary Woo Byung-woo, is suspec
Social AffairsAug. 29, 2016