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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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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[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
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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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Dongbu HiTek likely to rank 9th in global foundry market
South Korea's only foundry chipmaker Dongbu HiTek Co. appears likely to rank ninth in the global foundry market, a market research firm said Monday.Dongbu HiTek is expected to generate sales of $640 million this year, up about 8 percent from a year earlier, according to market research firm IC Insights. The sales could place the South Korean chipmaker ninth in the global foundry market. (Dongbu HiTek)Foundry manufacturers refer to those that make chips for other companies.In the first quarter, D
IndustryAug. 29, 2016
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Volkswagen not to take legal step against sales ban in Korea
Volkswagen Korea, the local unit of German automaker Volkswagen, said Monday that it would not take legal action against the South Korean government's decision to ban sales and revoke the certifications of its 80 vehicle models.Earlier this month, the Ministry of Environment also separately slapped the German automaker with fines of 17.8 billion won ($16 million) for 47 models that are thought to have passed the local authentication process by cheating on gas emissions tests. (Yonhap)The punit
IndustryAug. 29, 2016
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State prosecutors raid company run by presidential aide's relations
State prosecutors on Monday raided a real estate company, run by the wife of a presidential aide, and a branch of the Seoul police as part of their probe into a corruption and info leak scandal involving the presidential secretary and a special inspector who investigated him.The prosecutors raided the office of the firm in southern Seoul and confiscated computer hard disks and various documents as they accelerated their investigation into Woo Byung-woo, senior presidential secretary for civil af
Social AffairsAug. 29, 2016
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Large builders pay huge fines for collusion
South Korea's top 10 builders have paid more than 1 trillion won ($890 million) in fines for unfair practices over the past three years, government data showed Monday, casting doubt on the effectiveness of government penalties.A combined fine of 1.12 trillion won has been imposed on the leading construction companies for a total of 102 collusion and other "collusive unfair acts" between 2014 and 2016, according to the data that the Fair Trade Commission submitted to the office of Rep. Park Yong-
IndustryAug. 29, 2016
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Renault Samsung to export new SUV to Latin America this year
Renault Samsung Motors Co., the local unit of French automaker Renault S.A., plans to ship its new sports utility vehicle to Latin America and Australia this year, and to Europe next year, company officials said Monday.Renault Samsung is set to sell the QM6 SUV, a new version of its QM5 SUV, in the country next month, with preorders for the vehicle topping 2,000 units a day. (Renault Samsung Motors)Renault Samsung unveiled an all-new version of its QM5 SUV at the Beijing auto show in April. The
MobilityAug. 29, 2016
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Exports of hallyu-related goods surge: data
Outbound shipments of food, beauty, fashion and personal care products soared in the first half of the year on the back of the growing popularity of the Korean wave, or hallyu, industry data showed on Monday.According to the data compiled by the Korea International Trade Association, exports of such goods amounted to $6.79 billion in the January-June period, up 15.2 percent from a year earlier.Industry watchers said the growth is attributable to the cultural wave of "hallyu" in China and other A
IndustryAug. 29, 2016
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New Minjoo head kicks off official duty
Choo Mi-ae, the new head of South Korea's main opposition Minjoo Party of Korea, started her official duties by paying tribute to late presidents, and vowing to put full-fledged efforts into revitalizing the national economy.During her visit to the Seoul National Cemetery, Choo paid tribute not only to liberal president Kim Dae-jung, but also to Park Chung-hee, the father of incumbent President Park Geun-hye.The five-term lawmaker said she will put the top priority on the livelihood of the peopl
PoliticsAug. 29, 2016
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Brokerage firms' net income rises on brisk stock trade
The net profits of 54 securities firms in South Korea rose 1.5 percent on-quarter to 621.4 billion won ($557.8 million) in the second quarter of the year, government data showed Monday.Revenue from brokerage commissions came to 1.99 trillion won during the period, up 13.5 percent from a quarter earlier, on an increase in the stock trade following the Bank of Korea's interest rate cut and Britain's decision to leave the European Union, according to the data compiled by the Financial Supervisory S
Aug. 29, 2016
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Ruling party hawks call for nuclear subs to counter NK SLBM
A group of lawmakers from South Korea's ruling Saenuri Party said Monday the country should consider building nuclear-powered submarines, amid escalating provocations by Pyongyang.The remark came as North Korea on Wednesday test-fired a submarine-launched ballistic missile (SLBM) in waters off its east coast. The South Korean military said the missile flew about 500 kilometers toward Japan, making the longest flight by such a missile launched by the communist country."South Korea's military shou
DefenseAug. 29, 2016